04.10.24

Written by Chase Majerus

Nvidia Breaks Records

If you leave today’s newsletter having learned one thing, we hope that it has to do with Nvidia. Grab your Juvee energy drink, and let’s dive into the recent news surrounding this insanely hot company/stock:

Nvidia’s market value soared to over $2 trillion following a record-breaking single-day jump of $273 billion in its market cap, after reporting an astounding 769% increase in fourth-quarter profit and a 580% rise in full-year profits.

This growth has positioned Nvidia as a leading force in the artificial intelligence sector, contributing significantly to its valuation surpassing those of Amazon and Alphabet, making it the third-largest company on Wall Street.

The big question is… what would you do with $273 billion? The right answer is, “give my friends $1 billion each.” Thanks friend!

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Today's Agenda:

S1L Home Equity Loan

Use Your Home For The Best Future Gains

A home equity line of credit, or HELOC, lets you borrow against your home’s available equity. Applying for a HELOC with Synergy One Lending is fast and easy. Our application is fast, easy, and all online. If pre-approved, you’ll be instantly presented with your offer options.

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Can't Help Falling In Love (With My Home)

In a surprising twist that might make Cupid reconsider his career choices, a recent Zillow® survey has uncovered that houses aren’t just for living anymore—they’re for loving! Over 40% of recent homebuyers found love after purchasing their new home , with this figure rising among Gen Z, millennial, and first-time buyers. The majority of these new romances occurred in urban areas, with 68% of those finding love having bought homes in cities.

Higher-income buyers, earning at least $100,000 annually, were twice as likely to find love post-home purchase compared to those earning under $50,000. Additionally, male buyers reported falling in love at a higher rate than female buyers after moving into their new homes.

Love is in the air, but only if you own the space around the air I suppose?

Read more here: zillow.mediaroom.com

Major Manor

Rod Stewart's Epic Palace

Sir Rod Stewart has reduced the asking price of his Beverly Hills mansion to $74 million, after initially listing it for $70 million and later increasing it to $80 million. The rock icon has decided to sell his longtime home, designed by Richard Landry in the 1990s, as he plans to make England his more permanent residence following the end of his world tour and Las Vegas residency. Let’s check out this absurd residence:

  • 13 bedrooms and 19 bathrooms between the two homes
  • Formal dining room for up to 20 guests, a wine room, and a formal library with wooden floor-to-ceiling bookshelves and a marble fireplace
  • 2 full-size gyms, an indoor recreation room that can be used for a range of hobbies, and a tennis court that has been converted into a 60-foot by 120-foot lit soccer field
  • A massive resort-style pool with an elevated hot tub and a large terrace and lounge space surrounding the pool

Read more here: www.people.com

PS – did you know you can view property listings (even CRAZY ones like these) on our personal finance app? Download S1Finfit on your phone’s app store & check it out!

Social Space

Our Top Social Links of the week

Read: This insane stat from the Wall Street Journal: “59% – The share of parents who said they helped their young adult children financially in the past year.” Read here!

Read: A recent study by Point2 examined housing markets in 100 of the largest U.S. cities, using earnings and employment data to find the places where Gen Z-ers have the best and worst chances of buying a home. Read here!

Read: The 10 U.S. metro areas where empty-nester baby boomers own the highest share of large homes, along with the share owned by millennials with children in each area. Read here!

Watch: The Spring/Summer homebuying season is right around the corner and many buyers are ready to flood the market as soon as rates drop. Our advice: get pre-approved today. Watch here!

Financial Fitness

Stocks

If you read the introduction and are wondering how to get in on some of that sweet, sweet action, we got some tips.

Start with an Online Investment Account: Beginners can learn stock investing by opening an online brokerage account, allowing for the purchase of stocks or stock-based funds with minimal initial investment.

Options for Investing: Individuals can choose to select their own stocks and funds, use a robo-advisor for automated investing, or contribute to a workplace 401(k) for those looking for a more hands-off approach or employer match benefits.

Understanding Stocks and Funds: Investment choices include individual stocks for specific company investment or mutual funds/ETFs for diversified portfolio building, with mutual funds being more suitable for most due to inherent diversification.

Budget and Long-term Strategy: Start investing with any amount, focusing on long-term growth. Stocks and mutual funds are recommended for significant portions of one’s portfolio, especially with a long investment horizon.

So you might be asking yourself, “Do I have the budget to invest in stocks?”

Use S1 FinFit , our financial fitness app, to find out today!

S1 FinFit App

Digital financial assistant at your fingertips

S1 FinFit is a FREE app that provides a roadmap to help you reach your financial and lifestyle goals, no matter how big or small! Free credit monitoring with alerts, set financial goals, create budgets, and keep track of your spending to see where your money is going.

Download the app on the appropriate app store with the links below!

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SAVE The Potential Homebuyers

The Biden administration announced it will forgive $1.2 billion in student debt for nearly 153,000 borrowers under the new Saving on a Valuable Education (SAVE) plan, targeting those who have been in repayment for over a decade and initially borrowed $12,000 or less.

Under the SAVE plan, borrowers who took out less can have their debt canceled after a decade of payments, contrasting with the usual 20 to 25 years required under other income-driven repayment plans.

This debt forgiveness initiative is part of the administration’s broader effort to reduce education debt, having already canceled $138 billion for almost 3.9 million borrowers, especially after the Supreme Court blocked a more comprehensive loan forgiveness plan.

SAVE relief , check on your homebuying power by getting Pre-Approved with Synergy One Lending today!

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Beat The Summer Homebuying Rush - Get Pre-Approved!

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The Spring/Summer homebuying season is upon us, and if you think the market’s been competitive before, you haven’t seen anything yet. With interest rates teasing us with potential drops, buyers are lining up like it’s Black Friday and every house is a doorbuster deal.

Here’s a pro tip that could turn you from a hopeful browser into a homebuying powerhouse: Get pre-approved, like, yesterday. While everyone else is still Googling “how to buy a home,” you could be striding into open houses with the confidence of someone who knows their loan officer on a first-name basis.

Imagine talking to a legit loan officer and having them peek into your financial soul. It’s not the beginning of a horror movie, but it could be the start of your homebuying success story. With a pre-approval in hand, you’re not just another face in the crowd; you’re the one with a golden ticket.

Think past the idea of just getting ahead of the competition. Think about what it would be like walking into your homebuying journey with your eyes wide open, knowing exactly what you can afford. It’s like having a financial GPS in a world where most are navigating with a compass and a map drawn in crayon.

And when you do find that perfect place, the one that makes your heart sing and your future seem brighter? You’ll be ready to move faster than someone who’s just realized they’re running late to the airport. Sellers love a buyer who’s not only serious but also prepared. It’s like showing up to a potluck with the gourmet dish everyone loves, not just the napkins.

So, let’s get down to business. Meeting with a loan officer and getting pre-approved isn’t just a step in the homebuying process; it’s your secret weapon. And in this market, you’ll need all the firepower you can get.

Watch our video about getting pre-approved here

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