7 costly gas station mistakes (8 26 24)

If you invested $1,000 in the S&P 500 in 1980, you’d have $50,539 today. If you put that same $1,000 in Berkshire Hathaway in 1980, you’d have… (find out later in this email!)

💵 Today’s Top Stories
Gas

Did you know there’s a right and wrong way to fill up your gas tank? Avoid these mistakes to make sure filling your tank doesn’t drain your piggy bank. Read more.

YouTube TV

YouTube’s streaming product is offering a four-month discount for new customers and free NFL Sunday Ticket to some Verizon customers. Here are some other perks and insights. Read more.

Chick-fil-A

Yes, the fast-food franchise is launching a streaming business. No word yet on how often the content will feature waffle fries and chicken sandwiches … or whether you can view content on Sunday. Read more.

Venmo

Venmo will tell the world how you’re spending every dollar if you let it. Here’s exactly what to do to make sure you’re keeping transactions private. Read more.

Phone on cash money

Save $600 on Visible and pay just $15 a month for your cell phone service if you meet these conditions. Read more.

Two phones

Prepaid cell phone plans are cheaper for a reason. Typically, data is near the top of the list. Here’s what you need to know if you choose an MVNO — along with your options. Read more.

🏠️ Today’s Current Mortgage Rates

According to Freddie Mac, 30-year mortgage rates are 6.46% and 15-year rates are 5.62% as of August 22, 2024. The following chart shows the 30-year mortgage rate trend over the last year.

Mortgage Rates 082224
📈 What Exactly You Own If You Hold Shares of Warren Buffett’s Company

Look up the word “compounding” in the dictionary and you may find a picture of Warren Buffet. The 93-year-old Oracle of Omaha, chairman and CEO of Berkshire Hathaway, has leveraged compound growth better than almost any investor for decades.

If you invested $1,000 in the S&P 500 in 1980, you’d have $50,539 today. If you put that same $1,000 in Berkshire Hathaway in 1980, you’d have $2.05 million today.

What, exactly, would you own today if you bought $1,000 worth of Class B shares (BRK.B)?

The company holds close to $300 billion in cash, the most ever. And it owns several companies, including railroads, insurance, energy assets … even Dairy Queen and Duracell.

According to Sherwood, based on SEC filings and CNBC, your $1,000 would break down as follows:

  • $391: Operating businesses and assets (insurance, railroads, utilities, energy, etc.)

  • $292: Cash

  • $89: Apple

  • $61: Other stocks

  • $43: Bank of America

  • $37: American Express

  • $27: Coca-Cola

  • $23: Japanese stocks

  • $20: Chevron

  • $17: Occidental Petroleum

📊 Stat of the Day

🪙 $1 million: The price of a gold bar as of mid-August. That’s an all-time record, as gold hit $2,500 per ounce on Aug. 16. The average gold bar weighs 400 ounces. Here’s Clark’s advice on buying gold.

💰️ Deal Alert: Today’s Top Deals
Save money piggy bank
Mattress
🎙️ Podcast

It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, new tax credits are coming for energy-efficient home improvements. Clark shares a few fairly simple things you can do to make your home more comfortable and put more money in your pocket.

☎️ 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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