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	💸 The reality of free trades Welcome to the end of PFOF Finny: The Gist Feb 4 Happy Thursday to you!  Here are the money topics we'll cover in today's Gist, brought to you by Public. Family money matters. How to talk to your family about money? The reality of free trades, PFOF. If you don't know what that means, read on. Restricted Stock Units. When should you sell them? FAMILY MONEY MATTERS How to talk to your family about money? Photo by Tyler Nix on Unsplash Money talk often feels taboo. The closest of friends and family will share the most intimate details of their lives but zilch when it comes to money.  It turns out that less than 10% of US adult siblings discuss money on a regular basis, according to Ameriprise.  And when they do, the most common topic is how other family members handle their finances (58%). When you add family dynamics to the mix, emotions can fly high. But what if you have parents who are nearing retirement and you're worried they don't have any money saved? Who will pay for their medical bills? Or worse yet, their funeral costs? Talking to siblings and other family members about money can be productive, especially if you can start early and do it regularly.  But, how do you break the ice?  Here are 3 tips from the Finny community. Start small to get buy-in Like any other matter, you run the risk of losing focus if you involve too many people too soon.  Start with a sibling or a parent to gauge the temperature and get their buy-in. Schedule a discussion Once you're done with initial warm-ups, consider calling a meeting.  If you talk about money only in passing, chances are you won't get much done.  Setting a time and a place in advance will make for a more productive discussion.  And who should call the meeting will matter more than you think.  Force yourself to listen Even if you’re the one leading the conversation, don’t do all the talking.  Assume everyone has good intentions and that you’ll all be better off talking about this together.  If a discussion gets unproductive or emotional, table it for another time and tackle the stuff you can deal with that day. If you can work through the initial awkwardness, regular open and honest talks can strengthen family bonds and give everyone peace of mind! SPONSORED An investment app doing the right thing Have you heard the saying, “if you’re not paying for the product, you are the product?”  The last two weeks have shed light on the zero commission model and where everyday investors like us fit in. The issue at heart is what’s called PFOF or Payment for Order Flow, a practice already banned in places like the UK and Canada. It’s where brokerage firms are compensated to route their customer’s trading orders to certain market makers to execute the trades rather than directly to exchanges. Because brokers are compensated by market makers, it’s not always clear that the customer is getting the best execution. And that is what creates a potential conflict of interest between the brokerage and the customer. For some brokerages, this conflict of interest is massive based on how much they earn via PFOF. Other brokers offering no commission fees compensated by PFOF are rethinking their business models. In fact, Public, a free investment app, announced this week they will end the practice and shift to optional tipping instead... “Trades will remain commission-free and tipping is entirely optional.  Members of the Public.com community can freely decide if they’d like to leave a tip to help pay for the cost of executing their trades.  The reality is that there is no such thing as free trades.  Transparency is a core pillar of building trust, and we think it's important that we live up to our name."  So what does Public offer?  🧑‍🤝‍🧑 Social investing & sharing.  Follow friends and subject matter experts.  Opt in to see what others invest in, ask questions, and learn about companies from people you trust.  Choose and invest in themes you believe in.  ️⚒️ Tools for long-term investors, such as safety labels for riskier investments and long-term portfolios.  Public does not allow day-trading and they do not offer sophisticated trading instruments like margin accounts. 🍕 Fractional shares.  Public slices stocks up into tiny bits, so anyone can own a piece of the companies they believe in.  Sound intriguing?  Learn more on Public.com.  They are offering you $10 in your Public account with a deposit of $1 or more.   FINANCIAL PLANNING When should you sell RSUs? If you currently hold Restricted Stock Units (RSUs) from work, you may be wondering when you should sell them. Here are some tips from Daria Victorov, a Certified Financial Planner, and Vineet Prasad, an Accredited Financial Counselor, Founder of Savings Academy, and a Coach on Finny. 💡 Taxed when vested. Don’t forget that RSUs are taxable when they vest, even if you don’t sell them!  Make sure your company has withheld taxes on your behalf and that it’s enough to cover your future tax bill. 💡 Consider selling as your RSUs vest. Your income and job stability is tied to your company’s performance.  It’s risky if your financial assets are also heavily tied to your company’s stock price.  Selling your RSUs upon vesting makes sense most of the time, though there are exceptions (e.g., you have more information about your company's financials and think it will perform strongly in the upcoming period). 💡 Manage capital gains. If you sell upon vesting, you’ll face little-to-no capital gains.  But if you wait and the stock price rises, consider waiting at least 366 days to sell so you can benefit from long-term capital gains. If you sell your assets earlier, they will be taxed at a higher rate as short-term capital gains. 💡 Make sure you have an intentional plan for your RSUs.  Employees at companies like Google, Facebook, and Amazon who kept their RSUs have recently benefited tremendously.  But past employees at places like Yahoo, AOL, and Bear Stearns may wish they had sold as they vested.   For more RSU insights, check out this interview with Daria and Vineet.  ✨ TRENDING ON FINNY & BEYOND [Finny Learn] What is Risk Tolerance? Take this 5-minute bite-sized, quiz-based lesson to review the basics. [Finny Discussions] Money words of wisdom (one-liners) shared by the Finny community.  [Bloomberg] The world's 60 most innovative economies—per the Bloomberg innovation index [Pillar Life] Speaking of family and money...  A popular choice within the Finny community to organize, store and share your family's most important docs online is through Pillar.  Think digital vault that's shareable! That’s it for today. If you’ve enjoyed today’s edition, please invite your friends to join Finny. Have a great weekend ahead! The Finny Team If you liked this post from Finny: The Gist, why not share it? Share © 2021 FinnyNL Unsubscribe 548 Market Street PMB 72296, San Francisco, CA 94104

Want to Sell Your Film to Amazon/Netflix?

->Finding Success on Streaming Platforms - Live on Zoom - February 3, 2021 at 7 pm EST Want to Sell your Film to Netflix or Amazon? Hear from the

->Finding Success on Streaming Platforms - Live on Zoom - February 3, 2021 at 7 pm EST<- Want to Sell your Film to Netflix or Amazon? Hear from the Experts! Streaming has created numerous new opportunities for actors, filmmakers, writers and all individuals who work in on-camera entertainment. Join us for a unique partnered panel event with Actors Connection and learn more about how to break into the major streaming platforms to share your artistry and skillset. PANEL OF GUESTS INCLUDE: RYAN DONNELL SMITH – Film & TV producer and President and Partner of Streamline Global. Producer credits include "The Trial of the Chicago 7" (Netflix), "The Tax Collector" (RLJ Entertainment), and the upcoming family film "The Tiger Rising," starring Queen Latifah and Dennis Quaid. Ryan has emerged as a leader in independent filmmaking, safely financing and producing major feature films in times of COVID. DAN MIRVISH- Dan Mirvish is a director, screenwriter, producer and author. He's currently making his new feature, 18 1/2, which had production paused for the pandemic, but has now wrapped and is in post-production. Prior to that, he directed the award-winning, critically-acclaimed feature Bernard and Huey, scripted by Oscar/Pulitzer-winner Jules Feiffer, and starring Oscar-winner Jim Rash and David Koechner which screened in over 30 film festivals on 5 continents and had a 20-city US theatrical release, and has sold to over 49 countries. The film won several festival and end-of-year awards and nominations, including Best Picture, Best Director and Best Screenplay. Dan is the author of the bestselling non-fiction book The Cheerful Subversive's Guide to Independent Filmmaking from Focal Press/Routledge. His film Between Us, an award-winning feature starring Julia Stiles and Taye Diggs, played in 23 festivals in 7 countries, and got a 50+ city theatrical release in the US, and sold to 144 countries, plus screening on Netflix, Showtime, Starz and all digital outlets. Dan was mentored by Robert Altman on his first film, Omaha (the movie), which led him to co-found the upstart Slamdance Film Festival. JOANNA LEVINGER - Joanna Levinger is a Freelance Casting Associate and Teaching Artist. She has previously worked for Bowling Miscia, Rosalie Joseph Casting among many others. Some of her previous credits include Emergence (pilot), Marvel's Iron Fist, Luke Cage, The Defenders, Jessica Jones, David Fincher's Mindhunter and the upcoming Billy Crystal project Here Today. MIA CUSUMANO - Mia is currently casting TWO feature films. Her most recent project includes the HULU series RAMY. Recent feature films include: LEZ BOMB, AMERICAN.ISH, ANTARCTICA (for which she also served as a producer), BANG BANG, I DON'T LIVE FOR TODAY, BOHEMIANS, LOST GIRLS: ANGIE'S STORY, CENTIGRADE, TEAM MARCO, and I FEEL PRETTY starring Amy Schumer. Other recent TV credits include work on a new TNT series entitled SNOWPIERCER. She also cast season one of the USA TV series FALLING WATER (produced by The Walking Dead's producer Gale Anne Hurd), along with films like PATERSON, directed by Jim Jarmusch. Mia has worked on huge sports campaigns such as MARGOT vs LILY for NIKE (featuring 8 episodes). She's worked on several pilots including Mamma Dallas for HBO, FOR JUSTICE for CBS and the pilot SOUTH OF HELL for WE. ABOUT INDEPENDENT FILMMAKER DAY: With over 400,000 members, we are a community that helps independent creators from around the world develop new projects, connect within the industry, and champion collaborative and impactful storytelling at all stages. We are a community of directors, producers, actors, and film buffs. We host events held alongside premier film festivals ~ such as Cannes, Sundance, and TIFF ~ that foster the development, production and promotion of projects in film, media and beyond. To learn more find us on facebook or visit our website. PLEASE FOLLOW THE PROCEDURES LISTED BELOW: Instructions and the ZOOM link for access to this online event will be emailed to you in advance. If you have not received the link by 12pm (EST) the day-of the event, please reach out to registration@actorsconnection.com at least one hour PRIOR to the start of class. No recording of any kind is permitted by participants during class. Please keep in mind that all programs at Actors Connection are for educational and professional development purposes. Participating in any class or event is not a promise of employment. February 3, 2021 via Zoom! Buy Now Hope to see you there! ©2021 Independent Filmmaker Day | 30 S Wacker Drive, 22nd Flr, Chicago, IL 60606 Web Version   Preferences   Forward   Unsubscribe     Powered by Mad Mimi®A GoDaddy® company

Will anyone come out of this unscathed? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

	⚔️ Main Street vs. Wall Street Will anyone come out of this unscathed? Finny: The Gist Feb 2 Happy Tuesday! To make this week a little brighter, our insurance partner, Avibra, is offering our members and readers insurance coverage at no cost to you—learn more about it below! Here are the topics we'll cover in today's issue: Safe deposit boxes.  If you think they're safe, think again.  Main Street vs. Wall Street.  Will anyone come out of the GameStop saga unscathed? Housing.  When should you sell your home and rent instead? If you're receiving The Gist in your Promotions folder, consider moving it to your Inbox, so you don't miss any future issues! BANKING If you think safe deposit boxes are safe, think again. Bank safe deposit boxes are far from a sexy topic these days.  But get this: no federal laws govern these so-called highly secure boxes.  There are 25 million such boxes in the US and they operate in a legal gray zone despite the highly regulated banking industry, according to the NYT.  If you or someone you know has a safe deposit box, please read on.  🔓 Banks generally don't carry insurance to cover losses to safe deposit box renters.  Most safe deposit lease agreements deny any liability by the bank.  🔓 Banks often cause losses incurred by customers.  When a bank closes or moves a branch, it will drill open the box. The contents are put in a cardboard box or an envelope which is brought to a new location.  🔓 A box will be drilled open when the bank loses contact with a customer. 🔓 If the rental fee isn’t paid on time, the bank might drill the box and put the contents in storage until someone claims the belongings. 🔓 If a bank is negligent and causes losses, it has no legal obligation to compensate its customers.  Banks rarely have insurance covering losses of box contents. So what should you do?   A safe deposit box often isn’t the best place to store important documents, such as a will, or other valuable items, like jewelry.  In fact, it's becoming harder to rent a box because many banks are closing their branches and ending such deposit box services.  For many banks, the service is also unprofitable. If you want to share digital documents with your families such as wills, trusts, insurance health cards, passports, and tax returns, you're much better off with services such as Pillar, which acts as a digital vault.  After all, we live in a digital age! INVESTING Main Street vs. Wall Street. Who will come out unscathed? The saga on The Street is no joke. At the center of this is the battle of the people versus the establishment. Will anyone come out of this unscathed?  In case you haven't closely followed the Gamestop saga, here is a simple recap: Despite the company’s declining fundamentals, GameStop's share price had gradually appreciated from $4 this time last year to $19 on New Year’s Day.  Gains in Gamestop attracted hedge funds to short the stock.  They believed that a shrinking company operated a dinosaur business ready to go extinct.  When GameStop appeared on the list of most-shorted stocks, millions of retail investors employed a tactic to go all-in to put the squeeze on Wall Street.  This short squeeze skyrocketed the stock price to nearly $500 last week. Hedge funds were then forced to cover their positions, resulting in a $5 billion loss.  Robinhood blocked trades in several stocks at the height of the showdown because they were financially strained by the high volume of trading, angering retail investors. Who's riding the surf 🏄🏿‍♀️Fidelity, Public, TD Ameritrade  🏄🏿‍♀️ Retail investors who sold for a profit Who's wiping out 🌊 Robinhood.  They grew to symbolize the antithesis of Wall Street, but now we know they rely heavily on Wall Street. 🌊 Hedge funds forced to cover their shorts 🌊 Retail investors who bought at the top Our 3 takeaways 💡 The saga raises tricky questions about market efficiency, financial stability, and regulation.  Class action lawsuits have only just begun and congressional hearings will kick off endless regulatory chatter, scrutiny and "reform."  💡 The round trip will be inevitable for these fearless retail investors.  But the YOLO movement is for real and here to stay.  No doubt we'll be hearing heart-wrenching stories from retail investors on both extremes in the coming months. 💡 Do your research before investing in a specific stock.  A soaring stock price in a matter of days doesn't mean it's a buy, quite the contrary.  Business fundamentals matter.  Don't let FOMO and greed take over when investing. HOUSING When should you sell a home and rent instead? The coronavirus pandemic is responsible for a dramatic change in the way the world lives and works.  Remote work is no longer just an experiment—it's a new reality—with nearly seven in ten employees working their jobs from home.  Since the pandemic started, 16 million people in the US have moved, per USPS.   For those owning a home, when does it make sense to sell your primary residence and rent instead?  Here are a few insights we gleaned from the Finny community.  Renting is cheaper than owning in most of the country That's particularly true now, as real estate prices are steadily rising across the country, while rents are declining in many big cities (most notably, in New York and San Francisco).  As a matter of fact, it's cheaper to rent than buy in most of the United States.  So why not take advantage of the housing market and rent?   Selling can help you become debt-free If you're swimming in debt, unloading the financial burden of your mortgage may be the right solution.  Do take the time to consider all your options since a home can be an emotional possession. Selling can help you with budget limitations  The pandemic has been tough on many people.  If you find yourself unemployed and don't have many options for finding work fast, selling your home and renting instead will ease the pressure on your budget, especially if you have built up equity in your home.  In this case, consider moving to a less expensive rental. Renting is the norm for digital nomads Digital nomadism is on the rise.  For those people who can afford to work in any country or city in the world, and have an appetite for a nomadic lifestyle, selling their home and renting means additional freedom and one less thing to worry about. Interested in discussing this topic?  Chime in on the thread below. ✨ TRENDING ON FINNY & BEYOND [Finny Learn] Emotions in Investing.  Take this 5-minute bite-sized, quiz-based lesson to review the basics about our emotions in investing.  Just saying... [Avibra Offer] 💖 Courtesy of our partner Avibra, get $5K of no-cost insurance when you download the app and sign-up on Avibra.  That's $2K of life insurance, $2K of accidental death and dismemberment insurance, and $1K of accident medical insurance (subject to terms & conditions).  Avibra helps you better understand life's risks by offering you insurance education, advice, and coverage. [Clubhouse + Finny]  We're discussing millennial finances tomorrow (Wednesday) at 11 am PST / 2 pm EST on Clubhouse. Join us if you have a question or a perspective on millennial money! That’s it for today. If you’ve enjoyed today’s edition, please invite your friends to join Finny. Have a great rest of the week! The Finny Team If you liked this post from Finny: The Gist, why not share it? Share © 2021 FinnyNL Unsubscribe 548 Market Street PMB 72296, San Francisco, CA 94104