Clark Biweekly 6 10 24

Author

Anthony Hazzard
June 10, 2024

There is a company really impressing investors and it may not be one that you think. Find out who they are later in this email.

💵 Today’s Top Stories
Never wallet

Do you carry every credit and debit card you own in your wallet? How about your health insurance card? You may want to rethink those items and more. Read more.

Costco Wholesale warehouse

We’re obsessed with Costco’s hand-crafted, 35-count boxed gift cards (with something for every occasion). But the reusable water balloons and knot pillows caught our eye as well. Read more.

Rule 55

Considering early retirement? Understanding the Rule of 55 will help you plan. Read how it works and whether it’s a good idea for you. Read more.

Cell phone

Picking the right cell phone service provider is crucial to your daily life and wallet. You might be surprised which carriers customers rate as top-notch. Read more.

Credit Card Statement

Clark doesn’t recommend mailing a check to pay for bills such as credit cards. But if you do, definitely avoid this risky move that plays right into the hands of criminals. Read more.

🏠️ Today’s Current Mortgage Rates

According to Freddie Mac, 30-year mortgage rates are 6.99% and 15-year rates are 6.29% as of June 6, 2024. The following chart shows the 30-year mortgage rate trend over the last year.

🖥️ Chip Maker Nvidia Continues To Impress Investors

Move aside, Tesla. The new stock market darling has been and continues to be Nvidia. The company makes some of the most sought-after graphics cards for gaming, AI and more.

The stock price has increased nearly 225% in the last year and more than 3,200% (!) in the last five years.

Nvidia boasts a market cap of roughly $3 trillion. It surpassed Apple last week to become the second-most valuable publicly-traded company.

Considering the company employs 29,600 people, its per-employee market cap is off the charts. It’s more than five times higher than Apple and Meta, two of the closest competitors.

Chartr recently compiled a list of some of the biggest companies based on per-employee market cap.

Nvidia: $102 million
Apple: $19 million
Meta: $19 million
Microsoft: $14 million
Alphabet: $12 million
Tesla: $4 million
JPMorgan: $1.8 Million
Amazon: $1.2 million
Walmart: $300,000

Just as a reminder, Clark discourages you from investing in individual stocks, especially with any sizable percentage of your portfolio.

📊 Stat of the Day

📷️ 35%: Share of retailers who say they’re considering body cams for employees to battle shoplifters. TJ Maxx, HomeGoods and Marshalls stores now require associates to wear the cameras.

💰️ Deal Alert: Today’s Top Deals
Father
Cruise
🎙️ Podcast

It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, most of us dream about the day we get to retire. Unfortunately, many people become melancholy, sluggish and depressed after retiring. Why? Clark references research from Wes Moss to help explain what happens and what we need to do to best position ourselves for happiness in retirement.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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