Five Interesting Ways to Get Involved in the Stock Market Monday, Sep 13 2021 

By Jacob Maslow–Branded Content

Are you shopping around for a way to get involved in the stock market? Fortunately, in the era of online investing, there are multiple ways to put your money to work in the securities exchanges, aside from traditional approaches like buying and holding blue chip stocks. Today’s market savvy investors know how to pool their resources, follow social trends, leverage the power of low-cost issues, earn profits from day trading, minimize risk by owning index funds, and reaping the rewards of owning shares that pay regular dividends. For anyone who finds the traditional strategies boring and limited, the following approaches offer a fresh way of earning a potential profit on investments of any size.

Social Investing

Numerous brokerage sites allow account holders to follow a guru, or selected member who has years of experience in a particular niche, like consumer goods or the financial sector. New members can simply follow the leader, whose purchases and sales are listed on the site so whoever wishes can replicate their actions.

Penny Stocks

There is no set-in-stone definition of what a penny stock is, but most agree that any shares priced below the $5 level qualify for the title. One of the best things about penny stocks is that you can purchase multiple shares for a modest amount of money. Plus, you can review a penny stock trading guide that teaches the basics for beginners who want to start out with accurate information. 

Another key benefit of this asset class is that many of the low-cost shares have plenty of room to grow. Of course, there are no guarantees that any corporation, large or small, will be a long-term success. But unlike blue chips and other high-priced issues, penny shares sometimes rise in price considerably. You need not be a mathematician to see the difference between an investment the costs $5 and rises to $50, compared to one that costs $200 and rises to $225. Penny stocks represent a potentially large upside and a relatively small downside in most cases.

Day Trading

If you’re the type who doesn’t like to hold positions overnight, and enjoy the fast-paced action of doing several transactions per day, day trading might be your best choice. People who day trade go to cash before the end of each session and typically specialize in just one or two companies’ stocks. Deals move at lightning speed and you’re never left wondering, at day’s end, whether you notched a profit or a loss.

Index Funds

If you prefer to play the entire market all at once, or even an entire sector of it, index funds offer the opportunity to take part in the general movement of the whole securities market or the segment that interests you. For instance, you can buy shares of various funds that track the Dow or S&P, or buy into indices that include only financial institution, or only manufacturing company issues.

Dividends-Only Shares

Some build portfolios that consist exclusively of dividend paying stocks, which means they receive payouts on a regular basis. There are aristocrat companies that have long histories of paying dividends every quarter. For many years, there have been people who only purchase these kinds of stocks.

Photo Courtesy of Jacob Maslow//Cosmic Press

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University of Louisville should offer students free tuition in vaccination prize drawing Monday, Aug 30 2021 

By Catherine Brown–

University of Louisville’s Division of Student Affairs recently announced that vaccinated students have the opportunity to win prizes by enrolling in a contest.

The contest, which will take place in a series of rounds over the fall semester, gives students the chance to win a number of prizes for being vaccinated. Prizes range from a U of L T-shirt or a throw blanket to more expensive items such as daily free Starbucks for 1 year and 4 Blue parking passes for the rest of the fall semester.

But how can we really get students involved? Free tuition for students.

After all, U of L made more than enough money after furloughing staff and raising fees last year that they can afford to put forth free tuition for several students.

According to U of L’s annual budget report for the 2020-21 academic year, U of L operated with a revenue of ~$1.2 billion. In the 2022 fiscal year, U of L plans to operate with a budget of ~$1.3 billion.

Part of this revenue came from raising student tuition, which the university increased by 2% in the 2020-21 academic year at the undergraduate level (with further tuition increases for graduate and professional programs). U of L also raised housing rates by ~2-5% in most complexes, with the most significant change being a 20% increase in Billy Minardi Hall’s 1 bed, 1 bath unit.

In the 2021-22 academic year, housing rates will remain the same as they were the previous year, save for the new housing complex –Belknap Residence Hall– replacing Threlkeld Hall. But with an influx of students on campus this semester, housing can more than make up any revenue lost due to the pandemic in the 2020-21 academic year.

 At approximately $22 million, Student Affairs operates on a budget that is nowhere near the size of the university as a whole.

This is why the university can certainly afford to open up its pockets to allow students the opportunity to win free tuition for a semester should students choose to get vaccinated.

After all, the university has not yet decided to mandate COVID-19 vaccinations for students, faculty, or staff. As of an email sent out on August 20, 54% of U of L students are fully vaccinated.

Student Body President Ugonna Okorie said that the SGA is helping Student Affairs come up with ideas for prizes.

“I’m excited to see what prizes will be offered in the future and I think any prizes that [relieves] students from financial pressure would be extremely beneficial, especially with the ongoing pandemic,” said Okorie.

Let’s hope one such prize includes free tuition for students.

 

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President Bendapudi shares highlights from 2021-22 budget Wednesday, Jun 30 2021 

By Eli Hughes–

University of Louisville President Neeli Bendapudi shared some high points from the recently approved 2021-22 budget on June 29. The budget was approved at the June 24 Board of Trustees meeting and projects an operating budget of $1.3 billion.

“Despite dealing with a once-in-a-lifetime pandemic that changed our university and our world in many ways, I am pleased that our trustees and our administration remain committed to advancing programming and enhancements that will benefit our students, faculty, staff, alumni and friends,” Bendapudi said in the email announcement.

For students, the budget includes a tuition increase of $104 per semester, which Bendapudi says will be covered by funding from the CARES Act. Each returning student will receive a minimum grant of $400 per semester through this funding and high need students could receive up to $1,500 per semester.

Housing, dining, and parking prices will not increase for students this year and the university will provide laptops for 700 first-year students with high financial needs.

Faculty and staff will receive a 1% base salary increase beginning August 1 with the possibility for another increase in January 2022. The university will also restore contributions to retirement plans to where they were before the COVID-19 pandemic.

“Employee retirement benefits, reduced as part of cost-reduction efforts in 2020, will be fully restored on July 1 to an automatic university contribution of 7.5% for eligible employees, with an additional 2.5% match for employee contributions,” Bendapudi said.

There will be no parking increase, health insurance cost increase or change in employment tuition remission for faculty and staff.

Bendapudi concluded the email by showing appreciation towards the Office of Finance and Administration for their work handling the financial repercussions of the COVID-19 pandemic. She also gave her thanks to the entire U of L community.

“I appreciate the hard work of our Office of Finance and Administration and the many faculty, staff and administrators who took great care of their unit finances during the past year. Together, we are making decisions that will promote the long-term health of our university,” Bendapudi said.

“Most importantly, I want to thank each and every one of you for your commitment to the University of Louisville. You are the reason we exist. And you are the reason we will thrive now and in the future.”

Graphic by Eli Hughes//The Louisville Cardinal

 

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Pros and Cons of Attending College for Free Wednesday, Jun 23 2021 

By Jacob Maslow–Branded Content

At one time or another, everyone thinks about going to college. While the choice of education is entirely up to you, there is one thing that will always be a deciding factor, which is the cost. Despite there being many ways to pay for college, it can strain on your finances. Paying out of pocket can leave a huge dent in your bank account while loans can affect your overall credit score if not paid on time. This leads to a question many people have asked: should college be free? Here are the pros and cons of getting a college education for free.

Pro: It Allows Everyone to Get an Education

In a perfect world, everyone is able to pay for the education they deserve. Unfortunately, that’s not always the case. There are a lot of people who are unable to go to college because they can’t afford it. What’s worse is that they might not be approved for a loan either. Since a college education is necessary for most jobs these days, you would think everyone would be provided with tuition-free schooling. That way, people would be able to live well while boosting the economy.

Pro: Student Debt Would Be Completely Eliminated

One of the most common forms of debt is undoubtedly student loan debt. Regardless of the level of degree a student earns, they usually walk away with some amount of student debt. In fact, taking out a student loan from a private lender is how most people afford the high cost of college. Student debt can put a lot of strain on you both mentally and financially, so making college free would alleviate a lot of this unnecessary stress. Being able to attend for free would probably increase the attendance rate as well.

Con: Many People Wouldn’t Understand How to Properly Finance

Let’s be honest, going to college for free does sound like a dream come true. However, it may not be as great an idea as you think. College is a place where you go to learn and sharpen your basic life skills. One of these includes managing your finances properly. Although the debt can be a hindrance, it also teaches us how critical budgeting and saving is. Without this crucial skill, it wouldn’t be a surprise to see people spend their money and then struggle to make monthly house or car payments.

Con: The Value of College Would Decrease

It’s kind of shocking to know how many people underestimate the value of college. Going to a university for free might decrease the overall value of a college degree, including a Ph.D. It’s the idea of getting a good job that ultimately motivates us to keep working hard and mastering the skills of our chosen program. Honestly, what people truly want is to have the cost of college reduced, not entirely free. If people were allowed to college any time they wanted with no risk or reason, they might not see the benefit of earning their degree.

Photo Courtesy of Jacob Maslow // Cosmic Press

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