According to CNBC, an extremely unlikely partnership is happening between retail giant Walmart and stock brokerage Robinhood. Apparently, they’re joining forces to create a financial tech startup. Well, technically, Ribbit Capital is behind this and they’re one of the main venture capital firms backing up Robinhood:
“The big-box retailer did not share the name of the new company or say when its services will be available. It said it will develop unique and affordable financial products for Walmart employees and customers… the fintech start-up will be majority-owned by Walmart and its board will include several company executives.
With more than 4,700 stores across the country, Walmart interacts with millions of customers each year – including some who don’t have a relationship with a bank or a financial advisor.”
It will be quite interesting to see what this partnership will create. Will it be payment plans for expensive items? Prepaid debit/credit cards? A brand new checking/savings account?
We’ll have to see. But with the hopeful recovery of the American economy in 2021, this could be the start of something big!
Tesla Millionaires vs. Tesla Shorts: Grab Your Popcorn, Everyone!
Finance outlet MarketWatch has been putting out an incredible amount of content about Tesla. In particular, the growing battle between the Tesla bulls and Tesla bears.
One of the bulls happens to be 39-year-old Jason DeBolt, who has officially retired from corporate life (formerly Google, just left Amazon) after successfully investing in Tesla. He started buying Tesla shares a $7.50, and now his total net worth is $12 million.
EVEN after having lost $1.3 million in one day sometime last year, he has zero intentions of selling a single share. Without any kids or a wife, he has the room to ride the highs and lows. While several popular influencers in the finance space praised his courage, Jason’s approach is not recommended to 99% of people (who are much better off being diversified).
You also have Michael Burry of “Big Short” fame who predicting the 2008 housing crisis all the way back in 2005. Well, it turns out he has been a long-time Tesla short. Just last month, he announced he was shorting shares of Tesla at “ridiculous” levels.
But despite continuing to bleed more and more (Tesla shares are up 820% year over year, and +44% in the past month), Burry’s short position continues to grow. Just like his monumental feat with shorting the housing market, he’s willing to endure the pain until his position shows eventual returns.
I’m curious to know; What do YOU think will happen to Tesla’s stock? Will it create many more millionaires, or will it eventually meet its doom? Reply to this newsletter and share your predictions with us!
Some Very Unusual COVID-19 Vaccine Deaths… What’s Going On?
There have been some very strange reportings on the side effects and fatal outcomes of the COVID-19 vaccines. Two, in particular, stand out to me…
One of them is 56-year-old obstetrician Dr. Gregory Michael in Miami, Florida, who died two weeks after receiving a single dose of the Pfizer-BioNTech COVID-19 vaccine.
He barely touched alcohol, regularly worked out, spent plenty of time outdoors, didn’t smoke, and was overall a very healthy man. His widow is 100% convinced the vaccine was responsible for his death, as he died of a stroke.
Another story involves a nursing home located in Auburn, New York. Until December 29th, there wasn’t a single death that could have been attributed to COVID-19.
But seven days after the 300-bed nursing home started taking vaccinations, 24 of the residents infected by COVID-19 have died.
Strange coincidence that just happened to fit perfectly with what a conspiracist might think? Or is there something in the COVID-19 vaccines that is literally killing people and we don’t know what it could be.?
I’ll leave that up to you – reply to this newsletter and tell us what you think REALLY happened!