Facebook To Sell 25% More Shares

Posted by Clifford Mato in Best Financial Tips | No Comments

Facebook announced Wednesday that 25% more shares of the company will be sold in its planned initial public offering later this week.

The additional shares, disclosed in a filing with the Securities and Exchange Commission, could fetch an extra $3 billion, bringing the total raised through the initial share sale to as much as $16 billion. The offering will now sell 421.2 million shares, up from 337.4 million shares that it had previously announced plans to sell.

If the company sells $16 billion in shares as expected, it would be the largest tech IPO in history, and the third largest U.S. IPO ever, trailing only the $19.7 billion raised by Visa in March 2008, and the $18.1 billion raised by automaker General Motors in November 2010, according to rankings by Thomson Reuters. It would also be the 11th largest global IPO in history.

The additional shares will be sold by selling shareholders of the company, not by the company itself, which will stick with previous plans to sell 180 million shares. (…)

Real Estate Investing – Local Or Far Away – The Common Denominator

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Last weeks post about the decision, or rather preference real estate investors have for where they invest, delivered a priceless comment thread. Those who preferred the best market possible in which to invest were met, point for point by those who wouldnt leave their local market if the Lord Himself came down and ordained it. In a word, it was fantastic. Better yet? That comment thread demonstrated a common bond between the two clearly divided schools of thought.

Comfort Zone

We can talk all we want, but for the most part when it comes to investing in real estate for the long term, we figure out ways to remain in our personal comfort zones. Sometimes even empirical analysis wont budge us first hand observation wont change our minds. Sometimes its the natural consequence of how we were originally taught, even mentored. Other times it comes from within.

The key factor we all must understand is that there IS no wrong answer with one glaring exception.

We cant be made to violate our comfort zone.

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Don’t be a Real Estate Investment Flake

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Flake n. An unreliable person; someone who agrees to do something, but never follows through.

-       The Urban Dictionary

Sean’s ad on Craigslist was very simple.  He promised to clean all of my home’s windows, screens, tracks and ledges.  Part of the service also included the mirrors and ceiling fans.  Of course, his ad proudly proclaimed, in all capital letters, WE DON’T HAVE ONE UNHAPPY CUSTOMER.

So I called Sean and asked what he’d charge for my house.  He said he’d call me back in 2-3 hours with a quote.  And believe it or not, he did. The quote, being a r

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Groupon Admits More Accounting Errors

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If you thought that going public would end Groupon’s parade of financial restatements, you’d be wrong.

In a double-bomb announcement on Friday, Groupon was forced to revise its fourth-quarter income and sales lower, thanks to a higher rate of customers asking for refunds.

Groupon said that its fourth-quarter offerings included a growing number of more expensive deals, for which more customers tend to demand a refund. The company had to go back and retroactively beef up its reserve fund, which cut its fourth-quarter sales and widened losses. (…)

Carefully Evaluate Your Real Estate Education Options

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Let me make this brief and straight to the point. Real estate investors . . . your time is your most precious asset. You CAN invest in real estate without money but you cannot invest if you do not have time to find, evaluate and consummate deals.

Now, we all know that quite the little cottage market has popped up with people pedaling real estate education. Yes, education is important absolutely critical. However, I’ve noticed that many real estate classes are about 75% filler and 25% usable information. We need to change that from within.

I’m a seasoned investor. I am very confident in my real estate knowledge but I still want to try to get in a few classes under my belt to get the creative juices flowing and maybe learn some new tricks. Last year I made a commitment to get myself to the local real estate investor association meetings. On several different occasions I got up and left early out of sheer disgust. In

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FoundersCard: The Elite ‘Black Card’ For Entrepreneurs

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If you’re running a tech startup, chances are you’ve heard of FoundersCard. It’s essentially the “black card” for entrepreneurs, offering up perks, networking opportunities and something even more coveted: an aura of exclusivity.

A FoundersCard membership brings discounts at more than 250 merchants that cater to the tech crowd, like Virgin Atlantic — the airline of choice for many in Silicon Valley — and the Ace Hotels mini-chain, where Facebook founder Mark Zuckerberg likes to crash. Even Apple has signed on, giving FoundersCard members access to its “preferred pricing” program, which offers a smattering of discounts and freebies.

The concept was hatched two years ago by Eric Kuhn, who set out to create the kind of loyalty card he wishes he’d had during his first entrepreneurial stint.

Back in 1999, Kuhn founded Varsity Books, an online textbook retailer that raised scads of money, went public and then went bust. The ailing company got kicked off the Nasdaq exchange after its share price plunged. (…)