Marcus By Goldman Sachs Announces Three New GM Cards, Transition For Existing Cardholder

In late 2020 it was announced that Goldman Sachs had outbid Barclays for the GM portfolio of credit cards. It was reported Goldman Sachs purchased the portfolio from Capital One for $2.5 billion. Marcus By Goldman Sachs has now launched three new GM cards and provided information for existing users.

Existing Cardholders

  • Marcus by Goldman Sachs will begin servicing GM your account on February 22
  • You can use your old card until your new one arrives. Cards will begin arriving beginning February 22 and card deliveries will be happening through the first week of April.
  • You’ll keep the value of your unused Earnings even after the transition.
  • You’ll manage your account at marcus.com after the transition.

New Cards

Marcus by Goldman Sachs are offering three cards:

  • My GM Rewards Card.
    • No annual fee
    • 10,000 points after $1,000 in your first 3 months
    • Card earns:
      • 7x points on GM purchases
      • 4x points on all other purchases
  • GM Business Card (accepts applications 2/18/22)
    • Get $250 to redeem at GM towards the purchase or lease of eligible new GM vehicles after you spend $2,500 on purchases in your first 3 months from account opening
    • No annual fee
    • Card earns:
      • 5% back on dealership parts or service
      • 3% back on Gas, restaurants office supply stores
      • 1% everywhere else
  • GM Extended Family (accepts applications 2/18/22)
    • No annual fee
    • $100 after $1,000 in your first 3 months
    • Earn 1% back on everyday purchases from gas and groceries to travel and tickets

Source: doctorofcredit.com

Stock Market Today: Dow Hits New Record, Nasdaq Takes a Spill

Monday’s fairly broad market rally turned into more of a two-pronged move Tuesday as economic data and rising interest rates sparked gains in cyclical stocks.

The Institute for Supply Management’s purchasing managers’ index reading for December declined 2.3 points to 58.7, well below estimates for 60.0 (anything above 50 represents expansion). However, Barclays economist Jonathan Millar saw in the numbers “significant easing of supply pressures, which is an encouraging sign with disruptions from the omicron variant likely not fully reflected in December.”

Also dragging on stocks was another hike in the 10-year Treasury, whose yield reached 1.68% to close in on highs not seen since November. That helped spark cyclical sectors including financials (+2.6%), energy (+3.5%) and industrials (+2.0%), but it proved a weight on technology (-1.1%) and consumer discretionaries (-0.6%).

“If this all sounds familiar that’s because it is as we’ve seen these bouts of Treasury volatility drive massive rotations within equity markets throughout much of last year,” says Michael Reinking, senior market strategist with the New York Stock Exchange.

As for the major indexes?

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The Dow Jones Industrial Average gained 0.6% to easily rewrite the record books with a close at 36,799, while the S&P 500 Index slightly dipped from yesterday’s new high, to 4,793. The Nasdaq Composite took a dive, however, off 1.3% to 15,622.

stock price chart 010422stock price chart 010422

Other news in the stock market today:

  • The small-cap Russell 2000 jumped 1.1% to 2,268.
  • U.S. crude oil futures rose 1.2% to settle at $76.99 per barrel.
  • Gold futures edged up 0.8% to $1,814.60 per ounce.
  • Bitcoin tacked on 0.8% to $46,256.15. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m.)
  • Ford Motor (F) stock surged 11.8% after the Detroit automaker said it would almost double annual production of its electric F-150 pickup by mid-2023. The company is slated to start taking orders for the pickup tomorrow, Jan. 5.
  • Fellow carmaker General Motors (GM) was another big mover today, jumping 7.5%. This came after GM said dealer inventories totaled 199,662 at the end of the fourth quarter, up 55% from the record low of 128,757 at the end of the third quarter. Nevertheless, CFRA Research analyst Garrett Nelson maintained a Hold rating on GM, saying “we remain skeptical that GM’s new EV offerings will be as successful from a sales perspective as those of competitors such as Ford and Tesla, noting that most models will not be coming to market until 2023 or beyond.”

Buckle Up, We Could Be in for a Bumpy Ride

The early innings of 2022 could be a doozy, especially if you’re overweight a few sectors in particular.

“Given the rising threat of the omicron variant and its potential impact on economic conditions and consumer behavior, the first quarter of 2022 will likely feature the elevated volatility that we saw in the fourth quarter of 2021,” says David Keller, chief market strategist at StockCharts.com.

“The deepest pullback in the S&P 500 [in 2021] was only about 6%, while most years will experience at least one drawdown of over 10%. Higher volatility also suggests a higher probability of deeper corrective phases, so 2022 may return back to the normal routine of at least one steeper drawdown of over 10%. … I would not be surprised if that deeper pullback occurs in the first quarter.”

Two sectors stand out as particularly vulnerable given both their sensitivity to interest-rate moves of late and their sky-high valuations: technology firms and consumer discretionary companies, which are the priciest pockets of the markets based on expected earnings for the year to come.

The latter is number one with a bullet, at a multiple of 31.1 versus 21.1 for the S&P 500. Such high prices can act as a natural handicap against returns, especially in a volatile market, so individual-stock investors will have to be particularly discriminating when evaluating opportunities for the year ahead.

As we near the end of our sector-by-sector look-ahead, check out our latest: the top consumer discretionary picks for 2022.

Source: kiplinger.com

Which Wyndham Rewards credit card is right for you? – The Points Guy


Which Wyndham Rewards credit card is right for you? – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

Target Funds vs Index Funds: Key Differences

Target-date funds and index funds are two common investment vehicles for individuals investing for retirement. Investors may see one or both of these types of investment as options in their 401(k) or other workplace retirement fund.

Target-date funds offer a sort of set-it-and-forget-it approach to investing typically tied to an investor’s timeline, while index funds include a basket of investments corresponding to an underlying index.

Here’s a closer look at the key differences between target date funds and index funds to help investors understand which is right for their portfolio.

Target-Date Funds vs Index Funds: A Comparison

Target-date funds and index funds are both common ways for investors to save for future goals, especially retirement. Target-date funds offer a hands-off approach to saving for retirement. In a way, they’re like a retirement plan inside a single investment vehicle. Investors do not have to choose the funds held by target date funds or reallocate the fund as it nears its target date.

Target-date funds may include index funds. Index funds track specific indices and typically perform in line with the broader market.

Here’s a quick look at the main differences between these two types of funds.

Target Date Funds Index Funds

•   Reallocated automatically. Portfolios typically become more conservative as a target date approaches.

•   A fund of funds that provides investors with diversification and a single set-it-and-forget-it solution to retirement savings.

•   Passive management translates into lower fees.

•   Designed to track an index, such as the S&P 500, and provide returns similar to the movements of the index.

•   Allows investors more flexibility in choosing the funds in their portfolios.

Target-Date Funds

A target date fund is a type of investment that holds a mix of different mutual funds, usually including stock and bond funds. When choosing a target date fund, investors must decide on a target date, often offered in five-year intervals and included in the name of the fund and corresponding with the year in which they want to retire. For example, someone in their early 30s might choose a target date of 2055 with a goal of retiring around age 65.

You could, in theory, use target date funds to save for any point in the future. However, they’re a popular financial security for saving for retirement and often appear on the menu of investments available to employees through their 401(k)s.

As an individual nears their target date, the fund automatically rebalances from high-risk, high-reward investments into low-risk, low-reward investments, by shifting a greater proportion of its holdings into bonds to help preserve wealth, for example.

Recommended: Choosing a Target-Date Fund

Pros of Target-Date Funds

There are several reasons investors might choose a target date fund. First, they essentially provide a ready-made portfolio of diversified stock and bond funds, making it easy to save for retirement. This may appeal to beginner investors or those who don’t want to design their own portfolios or those who find a hand-on approach to researching and choosing investments difficult.

Additionally, target-date funds provide automatic rebalancing. As the market shifts up and down, different investments may move off track from their initial allocations. When that happens, the fund will rebalance itself so that the allocation remains in line with its original allocation plan. The target date fund also automatically shifts its allocation to more conservative investments as the target date approaches.

Recommended: When Can I Retire? This Formula Will Help You Know

Cons of Target-Date Funds

Investors who want more control over their portfolios may not like target-date funds, which don’t allow investors any control over their mix of investments or when and how rebalancing takes place.

Target-date funds build portfolios using a variety of investments. Some may use index mutual funds that come with relatively low fees. Others might use managed mutual funds, which may come with higher fees. It’s important to look closely at target-date fund holdings to understand what types of fees they might charge.

Here are the pros and cons of target date funds at a glance.

Pros Cons

•   Ready-made portfolio.

•   Diversification through a basket of mutual funds.

•   Automatic rebalancing, including a shift to more conservative assets over time.

•   Lack of control over investments and when portfolio is rebalanced.

•   Potentially higher fees for funds that hold managed mutual funds.

Index Funds

An index fund is a type of mutual fund or exchange-traded fund (ETF). It’s built to follow the returns of a market index, such as the S&P 500 or the Bloomberg Barclays Aggregate Bond Index.

These indexes track a basket of securities meant to represent the market as a whole or certain sectors. For example, the S&P 500 is a market capitalization weighted index that tracks the top 500 U.S. stocks.

An index fund may follow a market index using several strategies. Some index funds may hold all of the securities included in the index. Others may include only a portion of the securities held by an index, and they may have the leeway to include some investments not tracked by the index.

Because index funds are attempting to follow an index rather than beat it, they don’t require as much active management as fully managed funds. As a result, they may charge lower fees, making them a low-cost option for investors.

Index funds are popular choices for retirement savings accounts. They offer diversification through exposure to a wide range of securities, they’re easy to manage, and they offer the potential for steady long-term growth.

Pros of Index Funds

Low fees and full transparency are among the benefits of holding index funds. Investors can review all of the securities held by the fund, which can help them identify and weigh risk. Also, because they track an index, which updates its numbers constantly, it is unlikely fund managers will be blindsided by something they were unable to anticipate.

Index funds also potentially offer better returns than their actively managed counterparts, especially after factoring in fees.

Recommended: Index Funds vs Managed Funds: Key Differences

Cons of Index Funds

Some of the drawbacks to index funds include the fact that they are often fairly inflexible. If they follow an index that requires them to hold a certain mix of stocks, fund managers will hang on to them even if they are performing poorly. In actively managed funds, fund managers can swap out slumping securities in favor of those that are outperforming.

In fact, by design, index funds rarely beat the market. Remember they are built to match the returns of an index, not go beyond them.

Here’s a look at the pros and cons of index funds at a glance.

Pros Cons

•   Diversification through a basket of securities that tracks an index.

•   Transparency.

•   Lower fees. Passive management makes it cheaper to operate funds, which results in lower management fees passed on to investors.

•   Steady gains and potentially better returns than actively managed funds.

•   Lack of flexibility. Index fund managers follow stricture mandates about what can and can’t be included in the fund.

•   Index funds do not typically outperform the market.

Index Funds for Retirement

You can use index funds to build a retirement portfolio as well as to save for other goals. If you’re using them for retirement, you may want a mix of index funds covering a range of asset classes that can provide some diversity within your overall portfolio. Unlike a target-date fund, if that allocation strays from your goals, you’ll need to handle the rebalancing on your own.

Recommended: Are Mutual Funds Good for Retirement?

The Takeaway

Index funds and target-date funds are funds used by retail investors for different purposes. Investors choosing between the two will need to consider their personal financial circumstance and needs.

Index funds may be an option for investors looking for passive, long-term investments that they can choose based on their own goals, risk tolerance, and time horizon. They may also be right for beginners who are looking for simple, low-cost investment options.

Target date funds, on the other hand, may be another option for long-term investors who do not want to have to rethink their portfolio allocations on a regular basis. These investors may not want to or know how to pick funds themselves.

You can also save for your retirement without using index funds or target-date funds. A great way to start is via the SoFi Invest online brokerage. You can use it to invest in exchange-traded funds, stocks, or initial public offerings.

Photo credit: iStock/Ridofranz


SoFi Invest®
The information provided is not meant to provide investment or financial advice. Investment decisions should be based on an individual’s specific financial needs, goals and risk profile. SoFi can’t guarantee future financial performance. Advisory services offered through SoFi Wealth, LLC. SoFi Securities, LLC, member FINRA / SIPC . SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.
1) Automated Investing—The Automated Investing platform is owned by SoFi Wealth LLC, an SEC Registered Investment Advisor (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC, an affiliated SEC registered broker dealer and member FINRA/SIPC, (“Sofi Securities).

2) Active Investing—The Active Investing platform is owned by SoFi Securities LLC. Clearing and custody of all securities are provided by APEX Clearing Corporation.

3) Cryptocurrency is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, please visit www.sofi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Lending Corp and/or its affiliates.
SOIN1121483

Source: sofi.com

Barclays jetBlue Plus Card – 75,000 Point Bonus

Update 11/22/21: Deal is now 75,000 points. Need an employee code but any five digit number will work. Hat tip to reader Max

The Offer

Direct link to offer

  • Barclays offering a sign up bonus of 75,000 JetBlue points after $1,000 in spend within the first 90 days of account opening on the JetBlue Plus card.

Card Details

  • Full Review Here
  • Card earns at the following rates:
    • 6x points per dollar spent on jetBlue purchases (previously 2x points)
    • 2x points per dollar spent on restaurants and groceries (previously 1x point)
    • 1x points per dollar spent on all other purchases
  • Annual fee of $99 (not waived first year)
  • Free checked bag for the primary cardmember and up to three companions on the same reservation when you use your JetBlue Plus Card to purchase tickets on JetBlue-operated flights
  • Earn 5,000 bonus points every year after your account anniversary
  • Enjoy all Mosaic benefits for one year after you spend $50,000 or more on purchases after your anniversary date
  • Get 10% of your points back every time you redeem to use toward your next redemption
  • No foreign transaction fees
  • $100 statement credit after you purchase a Getaways vacation package with your card
  • 50% savings on eligible inflight purchases including cocktails, food and movies

Our Verdict

Not as good as the 100,000 point bonus, but better than the 60,000 point bonus. Personally I’d probably wait to see if the 100,000 point will return. JetBlue award flight prices are linked to the cash price of a ticket, much like Southwest. If you have any questions about Barclays credit cards, read this post first.

Source: doctorofcredit.com

Barclays Launches ‘Priceline VIP Rewards Visa Card’

Barclays has launched the new Barclays Priceline VIP Rewards Visa Card. Card has the following benefits:

  • 10,000 bonus points after $1,000 in spend within 90 days of account opening
  • No annual fee
  • Card earns at the following rate:
    • 5X points for every $1 spent on Priceline bookings
    • 2X points on gas and restaurant purchases including delivery services
    • 1X points on all other purchases
  • Automatically receive VIP gold status
  • 0% Intro APR for 15 months on balance transfers made within 45 days of account opening
  • Up to $100 Global Entry or TSA PreCheck application fee credit
  • Points are worth 1¢ each.

Seems similar to the regular Priceline card but with a worse sign up bonus and a few extra benefits (gold status and $100 Global Entry credit).

Source: doctorofcredit.com

Utah 529 Plan for College Savings

You don’t even need to mention it to the IRS on your federal taxes.
Contribution options include online payments, checks, money orders, income tax refunds, payroll, bank transfers and rollover funds from other accounts.
Want to move the needle as soon as you launch your college savings investment plan? Give your Utah Educational Savings Plan a boost from this introductory offer from the Upromise Mastercard, backed by Barclays Bank, FDIC insured.

What Is a 529 Savings Plan?

Get the rundown on Utah’s 529 plan for college savings, find out how rewards programs like Upromise can help you grow funds even faster.

While you can’t skirt payroll taxes to contribute to them, the money generated from a 529 plan is generally tax-free if used for qualified expenses.
Privacy Policy
These plans typically generate money for college through mutual funds, a shared portfolio of investments, but they can use individual funds too. Unlike retirement accounts, you can’t make pre-tax contributions to them.

Taxed deferred

You can claim a 529 plan tax deduction on your income taxes, a tax credit that enables you to contribute even more. The State of Utah offers a 5% tax credit of up to ,070 for single filers, ,140 for married couples in 2021.

Tax deductions 

Here’s a rundown of some of the top benefits of 529 plans and the ways they can grow your college savings:

No federal taxes

Need to step on the gas to grow your savings faster? Enabling the Mastercard’s roundup feature will make it easier to corral and nurture those extra dollars and cents, by rounding up charges for each purchase you make with the card.

Account holder control

You must be at least 18 years old to open a Utah 529 plan.

Accessible

Link your 529 account with Upromise to get rewarded for savings. You’ll get .29 just for joining the program and if you link your account.

Flexible

0,000 total per beneficiary ― but you can contribute to someone else’s fund.

Ground Rules on Utah 529 Plan Withdrawals, Beneficiaries and More

The beneficiary has no control over when or how much money is withdrawn from the account, or any say on investment options. The account holder has to request a withdrawal for qualified expenses or pay a penalty for a non-qualifying disbursement. So no, your student can’t blow your savings on digital currency for Fortnite or Roblox.
Conventional 529 plans let you choose the investment vehicle you feel will serve your needs best, but prepaid plans leave the investing to the state.

Who can benefit:

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Account holder requirements:

529 plans are tax-advantaged investment accounts used to grow money for education expenses. They come in two forms: the widely used education savings plan and the dwindling prepaid tuition plan, which is only accepted at a handful of Utah colleges.

Who can contribute:

Knowing what it takes to start and maintain a 529 college savings plan is one thing. Making the most of it is another. But there are services that can help you maximize your investments and hit your goals. Upromise is a rewards program that offers tools and advice to help you hit your savings goals, maximize your plan’s benefits and find additional ways to save along the way.

Ways to contribute:

As flexible as 529 plans are, there are still rules regulating them.

Age-based limits:

Neither you nor your beneficiary has to live in Utah to qualify for a 529 plan in the state. Yes, you can start a Utah educational savings plan and use it for qualified expenses in another state. However, your account will still be subject to Utah’s rules.

Annual contribution caps:

Anyone with a Social Security number or tax identification number can be a beneficiary.

Lifetime contribution caps:

Anyone can contribute: family, friends, acquaintances — though only the account holder can claim the tax deduction.

Qualified expenses:

529 plans may impact need-based financial aid. If one of the beneficiary’s parents is the account holder, needs-based financial aid could be decreased by up to 5.64%. If you’re both the beneficiary and account holder, that deduction could climb up to 20%.

Non-qualified withdrawals:

For non-qualified expenses, money generated from 529 investments is subject to state income tax and a 10% penalty.

More Frequently Asked Questions about 529 College Savings Plans 

Upromise also offers a Mastercard, an optional debit card you can use to earn cashback on purchases, such as groceries and household items, and apply those funds to your Utah 529. It’s a force multiplier for saving for college.

How Do 529 College Savings Plans and Prepaid Tuition Compare?

You don’t have to be an experienced investor to generate money from your 529 plan. But you’ll likely have general options for how aggressively or conservatively your account targets growth. The closer to college a student is, the more you’ll likely want to ease off the gas and target safer investment options.
,000 per beneficiary ― you can contribute more, but you’ll be hit with a gift tax.

How will a 529 Plan Impact Financial Aid?

Still got a few “what abouts” lingering in your mind? As simple as it is to set up and maintain a 529 college savings plan, you’ll probably want to make sure you’re maximizing this long-term investment in higher education. Here are some more frequently asked questions:

What happens to unused money in a 529 plan?

Both are technically 529 plans. But while conventional 529 plans are becoming more popular, prepaid tuition plans are dwindling. Prepaid tuition plans are more rigid. They’re only accepted at participating schools, down to just eight institutions in Utah, and any money generated from them is only used to lock in the current rate of tuition.

  • Roll over the money into another beneficiary’s account, including K-12 tuition.
  • If the beneficiary decides not to go to college, other forms of training, such as vocational school or apprenticeships may qualify.
  • Pay taxes on it and take the 10% penalty to use the funds on something other than education. You might break even or still come out ahead.

How to Start a 529 Plan

Source: thepennyhoarder.com
Ready to stop worrying about money?
Plans can also generate money through 529 rewards programs that help grow savings accounts through cashback programs.
If there’s a theme here, it’s that 529 plans are flexible. You have plenty of options for unused money in a college savings plan:
Eligible expenses include tuition, books, fees, supplies, computer equipment, certain software, education loan repayment and room and board when enrolled in enough credit hours to be considered a part-time student. Other higher education expenses may qualify.
529 plans are tax-advantaged investment accounts that allow you to invest and grow your money to use on qualified education expenses. And the state of Utah happens to offer some of the best 529 college savings plans in the country — and it’s not just for Utah residents. <!–

–>


Beyond the requirement for the account holder, there are no age-based limits on Utah’s 529 plan. The student doesn’t have to use the funds in the Utah 529 plan by a certain age or before a certain amount of time has passed.

Barclays American Airlines Business Card No Longer Accepting New Applications (Returning 2022)

Update 11/13/21: According to VFTW the card will be back in early 2022.

Around the time that American Airlines announced changes to elite status, including the introduction of Loyalty Points the Barclays American Airlines business card stopped accepting new applications. At the time I thought this would be temporary and new benefits would be added to the card to reflect the new Loyalty Points, but the card has not returned and customer service representatives are now stating the card has been discontinued. Because of this we have removed this card form our best credit card bonuses.

Source: doctorofcredit.com

Stock Market Today: Tesla Snips S&P, Nasdaq Win Streaks

A tenacious stock market rally finally stumbled on a light-news Tuesday.

The day’s core piece of economic data was focused on inflation: The Labor Department said October’s producer price index (PPI) was up 0.6% month-over-month, and 8.6% year-over-year – the fastest rate of growth in wholesale prices in more than a decade (though inline with economists’ expectations).

“The October report showed continued strength in goods prices, which highlights persisting supply bottleneck issues, despite signs that supply has improved in some sectors,” say Barclays economists Pooja Sriram and Blerina Uruçi. “Energy (+4.8%) and core goods (ex food & energy; +0.5%) rose at a strong pace. On the other hand, services PPI increased at a modest 0.2% m/m, similar to September, led by a sharp rebound in transportation and warehousing costs after September’s decline. In particular, truck and air transportation costs jumped in October.”

“The October report signals that pipeline price pressures remain firm, especially for goods, which will likely remain a significant driving force for core goods (consumer price index) and (personal consumption expenditures price index) inflation this year,” they add.

The Dow Jones Industrial Average suffered a mild setback, declining 0.3% to 36,319 as components including Visa (V, -3.2%) and International Business Machines (IBM, -1.7%) retreated.

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Tesla (TSLA, -12.0%) – whose declines accelerated Tuesday after CEO Elon Musk’s weekend poll asking whether he should sell 10% of his hefty stock position – proved a significant drag on the other major indexes. The Nasdaq Composite (-0.6% to 15,886) saw its 11-session win streak come to an end, while the S&P 500 (-0.4% to 4,685) was stopped at eight consecutive gains.

stock chart for 110921stock chart for 110921

Other news in the stock market today:

  • The small-cap Russell 2000 also dropped, by 0.6% to 2,427.
  • U.S. crude futures improved by another 2.7% to hit $84.25 per barrel.
  • Gold futures were higher by 0.2% to settle at $1,830.80.
  • The CBOE Volatility Index (VIX) was up 3.5% to 17.82.
  • Bitcoin’s charge continued, with the cryptocurrency surpassing its previous high of $66,974.77 and rushing above $68,500 before pulling back to $67,313.50 by the afternoon. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.)
  • PayPal Holdings (PYPL) sank 10.5% following its Monday-evening quarterly report. The company earned an adjusted $1.11 per share that topped expectations for $1.07 per share, but revenues of $6.18 billion were slightly behind the pros’ projections for $6.23 billion. More worrisome, however, was fourth-quarter guidance for $6.85 billion to $6.95 billion in revenues and $1.12 per share in adjusted profits, both of which fell under Wall Street’s bar. That overshadowed an announcement that its Venmo service could be used as a checkout option on Amazon.com (AMZN) beginning in 2022.

A Bumper Year for ETFs

The exchange-traded fund (ETF) industry is guaranteed to finish 2021 in record fashion.

An all-time high $500 billion was poured into U.S. ETFs in 2020, but ETF inflows this year eclipsed that mark – in July – and have since gone on to hit $720 billion as of the end of October.

Kiplinger highly values actively managed mutual funds that can go above and beyond basic benchmarks, but there’s no questioning the core driver behind ETFs’ ever-growing popularity. While a few ETFs are actively managed, most are tied to an index, providing simple and typically inexpensive exposure to just about any corner of the market you can think of – from stocks and bonds to commodities and even cryptocurrencies.

However, even within the seemingly straightforward realm of index ETFs, similar-sounding funds can indeed be quite different from one another. Here, we try to separate the wheat from the chaff, highlighting 14 index funds across several categories that stand out thanks to their low fees, smart strategies and ability to outdo their peers.

Kyle Woodley was long PYPL as of this writing and initiated a position in TSLA during Tuesday’s session.

Source: kiplinger.com