29 September 2018 FT — Articles to Read

29 September 2018


Question: According to MSN:Money, what are 8 creative ways to shrink your credit card debt?


Tesla tumbles as SEC accuses Musk of fraud – Pg. 1

–          More than $6bn was wiped off the value of Tesla after US regulators accused Elon Musk of lying to investors, sparking fears on Wall Street that the electric car maker’s maverick chief executive will be forced to step down

–          …Mr Musk made “false and misleading statements” when he said he had “funding secured” to take the company private at $420/share in August

–          ….cost of insuring against a default in its debt rising to a record high yesterday


Global M&A tally topples pre-crisis record – Pg. 14

–          Global merger and acquisition activity in the first nine months of 2018 set a record, eclipsing a previous high reached on the eve of the financial crisis more than a decade ago

–          Deals worth nearly $3.3tn have been agreed so far this year, a 39% jump from 2017, as companies race to remake themselves in the face of sweeping technological change

–          The total has been bolstered by a string of mega-deals, defined as takeovers worth more than $5bn

–          The blitz of energy takeovers was accelerated by an investor revolt against complex corporate structures and by changes to the US tax code

–          Only twice before has M&A exceeded the $4tn mark


Answer: (1) Look for rebates and rewards; (2) Put your extra space to work for you!; (3) Negotiate everything; (4) Sell your stuff; (5) Consolidate your debt; (6) Automate your payments (and savings) (Prof Note:  I do not agree with this.  I do not automate any of my payments.  This way I stay on top of everything every month.  Savings…yes!); (7) Watch your credit closely; (8) Get a side gig (Prof Note: Do the hustle…the side hustle!!!)