Hey all! 12 Weeks of Hump Days Newsletters… I hope you’ve been enjoying the ride! In Today’s edition, more of a Personal Finance / Investing focus! Hope you like it.
In the News
McDonald’s Travis Scott burger promotion is so popular, it’s causing shortages of Quarter Pounders!
Everything announced at Apple’s September 15th Event - they debuted new watches, a new iPad air, an all-in-one subscription service, and iOS14. Notably missing? The iPhone 12 announcement, rumored to be pushed back a month.
[1] Oracle looks to be the trusted technology partner of the US for Tik Tok. What might come next? [2] A few things according to Axios.
Snowflake - a cloud software data company, is set to IPO today and is one of the biggest IPO’s in recent history.
Types of Investments: What is a REIT?
A real estate investment trust, known as a REIT, is a company that owns and operates real estate that generates rental income. REITs pool money across numerous investors and specialize in certain sectors, such as retail (malls), fast food, health care facilities, etc.
Investing in a REIT allows you, the individual investor, to earn dividends from real estate investments without having to buy the properties themselves. Legally, a REIT must pay out at least 90% of its taxable income as dividends.
For example, if you have $5000 you couldn’t buy a shopping mall. But you could buy shares of a REIT such as the Simon Property Group - the largest retail real estate investment trust, and the largest shopping mall operator in the US and get a proportion of the profits from the cash flows generated.
WFH Station of the Week
Makes me want a standing desk. And a bookshelf. And antlers.
Credit: CyberPunkPirate
In Case You Missed It (14:47)
Vanguard Index Funds are one of the best ways to start investing as a beginner - and is a passive investing strategy that is well diversified and great for 99%+ of people.
As always, let me know if you enjoyed today’s newsletter :)
- Humphrey