Good morning. It's Saturday, March. 30 and we're covering TikTok money-making fads explained, how innovation accelerators are shaping the future of business, buying and selling a home in California is about to change, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: March 29, 2024. | U.S. stocks ended an abbreviated week of trade mostly higher, with the S&P 500 and Dow clinching their best gains over two consecutive quarters since 2020. The Dow Jones Industrial Average rose 47.29 points, or 0.1%, ending at a record 39,807.37. The S&P 500 index gained 5.86 points, or 0.1%, closing at a record 5,254.35.
The Nasdaq Composite Index finished 20.06 points lower, or 0.1%, at 16,379.46. Stocks ended the week mixed, but still posted large monthly and quarterly gains — bolstered by a resilient economy and hopes for at least a few rate cuts this year.
Equity performance in 2024 has been robust, even beyond America's largest companies. The small-cap Russell 2000 index was up 9.6% on the year through Thursday, topping the Dow's 5.6% advance and the Nasdaq's 9.1% jump. |
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| | Financial Maverick Insights | | | | | TikTok money-making fads explained | The internet is full of business advice. Some good, some bad, and some on TikTok. The truth is, most of what is considered good advice online has had its heyday. The money has been made and that's why you're now being told about it. There are some people who genuinely do love sharing money making tips that actually work and haven't become super saturated.
Become an Amazon affiliate
This is an idea that has been touted as good for people who are 'broke and lazy', which is a red flag in itself. The concept is pretty simple. You choose a product on Amazon and apply to become an affiliate. You'll go to Pinterest and post pictures of the product and attach the Amazon link. Everyone who clicks on the post will be redirected to the Amazon listing and if they buy it, you'll receive a cut. Good or bad? This is TikTok level bad. Doing this is actually against the terms of service for both Amazon and Pinterest and will result in you getting banned on both platforms.
Sell print on-demand products via Etsy
This is 2024's variation of dropshipping. Here's how it (supposedly) works: Create a design on Canva, upload your design to Printify and put it on the product. Connect Printify with your Etsy account and list your products. When people buy your products on Etsy, Printify will handle all the manufacturing and logistics, meaning you don't have to hold the stock yourself.
Start a social media marketing agency
Most businesses lack the knowledge to succeed on social media, so more people are launching their own agencies. The idea is that you learn a skill like Facebook adverts, copywriting or content creation, and find clients on Upwork. Once you've worked with a couple of clients, hire people to do your job and earn passive income. |
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| | | | | | How Innovation Accelerators Are Shaping the Future of Business | Most startups that achieve initial seeding fail to raise a second round of capital. One solution to dramatically increase your chances of success is to enter an innovation accelerator and forge a strategic partnership with a major corporation.
Innovation accelerators exist on a quid pro quo basis.
In exchange for a small percentage of equity, they provide startup founders with a safe harbor in which to develop their new business. Innovation accelerators are structured programs, usually specializing in a particular field or sector. Entrepreneurs receive mentorship, resources and help from a powerful partner who has a direct interest in seeing them succeed.
Despite the devastating attrition rates, there's no doubt that startups are shaping the future of business and are the single most dynamic vehicle for channeling new tech innovation into the digital economy. Major companies (at least the smart ones) recognize the potential of new startups and are keen to either integrate their new technologies into their own operations or to profit from them as investors.
Microsoft for Startups Founders Hub
The multi-billion dollar Microsoft corporation began life in 1972 as a small high-tech startup. Today, the Microsoft for Startups Founders Hub is providing a unique innovation accelerator platform for a new generation of software entrepreneurs. The Microsoft Hub is highly egalitarian and focuses on initial accessibility. Anybody can apply to the Hub via an online form and expect a fast response. |
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| Real Estate News |  | Buying and Selling a Home in California Is About to Change: Here's How | KQED | National Association of Realtors, one of the nation's largest real estate groups, has announced they're settling a major antitrust lawsuit. What does that mean for homebuyers and sellers? |
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|  | Housing Market Update: Rising Supply Draws in Some Buyers, Even as Housing Payments Soar 10% to All-Time High | There are more homes for buyers to choose from, with new listings posting their biggest uptick in nearly three years. |
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|  | Homebuyers expecting big savings after realtor settlement likely in for letdown: 'Everyone is turning this ruling into what they want it to be' | "I expect most of the gain to be captured by the seller, so the impact on home prices will be small," said Moody's Analytics Chief Economist Mark Zandi. |
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| | Personal Finance Tips |  | Last minute tax saving tips from income tax experts - Income Tax News | The Financial Express | If someone hasn't finished one's tax-saving task yet, then it is time to hurry up as the tax-saving investment deadline is just a couple of days away. |
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|  | Warren Buffett's Advice on Building Generational Wealth May Surprise You | Warren Buffett is famous for both his frugality and his disdain for dollar-based dynasties. The legendary investor has lived in the same home for more than 60 years and his children and grandchildren... |
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|  | How to Develop a Wealth-Building Mindset | Entrepreneur | Explore practical finance tips for young professionals striving to overcome economic challenges. |
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| | Alternative Investing |  | 3 Crypto Stocks to Sell ASAP Before the Bitcoin Halving | Roughly every four years, Bitcoin (BTC-USD) mining companies eagerly anticipate the halving event. |
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|  | Invest Like Bill Gates With These 3 AI Stocks to Buy | Here are three AI stocks to buy from the Bill & Melinda Gates Foundation Trust's 13-F |
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|  | AI Ph.D.s are flocking to Big Tech. Here's why that could be bad news for open innovation | The current debate as to whether open or closed advanced AI models are safer or better is a distraction. |
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| | Do you think advanced AI models are safer? | | | Reach Over 100,000 Financial Mavericks | Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. | | | Share Financial Maverick | Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! | | | DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. | |
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