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9 & 10 News Robinhood App Just Went Public August 2, 2021 The brokerage app “Robinhood” went public last month, but it comes with words of caution from some financial advisors. Robinhood is trading under the ticker name “HOOD” on the NASDAQ and raised nearly $2 (B) billion dollars through an initial public offering. The company also took an unusual step off allowing 35% of its shares for traders already using the app. Centennial Wealth Advisory in Traverse City says it means new opportunities, but it isn’t without risk. Advisor Jon Torbet says, “Robinhood opens up opportunities for individuals to easily get invested into the market and get invested into different stocks. But one of the things you want to be cautious of with that is, you know stocks can do really well for you but they can fall just as quickly as well. ....
9 & 10 News April 9, 2021 Retirement tips come your way every Sunday on 9&10 News at 11:30 a.m. on the show, Retiring Well. This week, the team at Centennial Wealth will give you a complete-picture case study: they’ll dive into the details with a local couple about what planning looks like for them. This week they’ll be talking about the first quarter update for 2021 and some of the things you should think about for the rest of the year. “There’s been a lot of changes obviously with the new president and everything. And so we are going to be looking at specifically what impact that might have on your retirement. Especially considering some of the tax items that you want to be paying close attention to,” Centennial Wealth financial advisor Jon Torbet said. ....