The big day is nearly hear. For years people have been talking about Facebook’s IPO. The Wall Street Journal reported this week that the company could file papers as early as this Wednesday. As soon as the S-1 is filed expect to see news stories popping up all over the internet laying out the juicy details.
2012 is going to make a lot of new millionaires and a handful of new billionaires. At a $100 billion valuation anyone holding at least 0.10% of the company will be a millionaire and anyone with 1.00% or more will become a billionaire.
At a $100 billion valuation, Mark Zuckerburg would be worth a cool $24 billion.
Top Posts of the Week
Financial Tales posted An AARP Tale – “For all those who may be interested in purchasing an immediate annuity from AARP and New York Life, please read this tale. I apologize to my younger audience but remember one day, this may apply to you and you must know the difference between the payout rate and the rate of return.”
Nerd Wallet posted The Easiest Way to Raise Your Credit Score – “Raising your credit score requires diligence, but we have a neat credit-building trick that requires little time and no upkeep. While it’s important to make punctual payments and stay below your limit, establishing credit doesn’t have to consume your life. Here’s a cost-free, time-efficient technique for increasing your FICO score.”
Faith and Finance posted 16 Great Jobs For 16 Year Olds – “We’ve all known what’s it’s like to be a 16 year old looking for a good job. Here are 16 job ideas that any 16 year old can do to make some extra money.”
Picking the right selection of mutual funds for your retirement plan can be an intimidating task. The options seem to be endless and in a foreign language. Then you spot it: the Target Date Fund for your retirement year. Could this be the answer to your problem?
Part of my portfolio is in a target date fund. It hasn’t performed very well the last 2 years and I’m considering moving it to another target date fund. Andrea has done a great job walking through the process of picking a great fund.
Giveaways and Other Freebies
20’s Finances is giving away $75 in celebration of their 100th post. Congrats Corey!
Faith and Finance has released a new book How to Coupon. They’re giving away a free copy to the first 500 people to sign up.
And a big thanks to The Amateur Financier for hosting the Yakezie carnival this week!