Business guy reacts to bills, cash, money, and dollars
#business #news #react
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Business guy reacts to bills, cash, money, and dollars
#business #news #react
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The average federal student loan borrower owes $38,400 across the 50 states, D.C. and Puerto Rico, but that number moves by $26,000 depending on where you live. Our analysis of the Department of Education’s Federal Student Aid portfolio data ranks every state, plus D.C. and Puerto Rico, by average balance, borrower count, the share of borrowers owing six figures and the share in default. Our student loan debt statistics page tracks the national totals over time.
Use the interactive state map to find your state, then compare it with the rest of the country. Each state links to its student loan repayment assistance programs, which matter far more to your payment than your state’s average.
The three numbers that matter most, from Federal Student Aid data as of March 31, 2026.
Tap or hover any state. Switch views to compare borrowers, six-figure balances and defaults.
Average federal student loan debt ranges from $30,200 in North Dakota to $56,200 in Washington, D.C., with most states between $34,000 and $41,000. The darkest states on the map carry the largest balances, led by D.C., Maryland, Georgia, Virginia and Florida. Select any state to see its full numbers, plus links to its state student loan repayment assistance programs and, where one exists, its state financial aid page. Darker, redder states carry heavier debt loads, and lighter states are better off.
Federal student loans by borrower’s current address. Source: U.S. Department of Education, Federal Student Aid, data as of March 31, 2026. The College Investor.
$38,400 per borrower across the 50 states, D.C. and Puerto Rico, but half of borrowers owe less than $20,000.
The average federal student loan balance is $38,400 per borrower across the 50 states, D.C. and Puerto Rico, based on Federal Student Aid data as of March 31, 2026. That’s higher than what most graduates leave school with, as our average student loan debt by graduating class data shows.
Balances keep growing after school because of graduate degrees, Parent PLUS loans and years of interest. In total, these 42.7 million borrowers owe $1.64 trillion, and our student loan debt statistics page tracks how that total has changed over time.
Federal Student Aid’s full portfolio is larger, at $1.72 trillion owed by 42.6 million recipients. The difference is about 1.95 million borrowers, owing $52.2 billion, who have no state on file and are left out of every average on this page. Our latest FSA portfolio coverage has the newer national totals.
Most of those borrowers hold older FFEL and Perkins loans that the Education Department doesn’t hold, and the lenders and schools that do were never required to report a borrower’s address. Private student loans aren’t in any of these numbers, and our best student loan refinance lenders roundup covers that side of the market.
Just over half of borrowers (51.5%) owe less than $20,000. A much smaller group with six-figure balances pulls the average up, which is why the average monthly student loan payment looks manageable for most households and crushing for a few.
| Balance | Borrowers | Share Of Borrowers | Share Of Dollars | Share Of Dollars |
|---|---|---|---|---|
| Less Than $5,000 | 6,291,000 | 14.7% | 1.1% | |
| $5,000 To $10,000 | 6,905,300 | 16.2% | 3.1% | |
| $10,000 To $20,000 | 8,789,400 | 20.6% | 7.8% | |
| $20,000 To $40,000 | 9,181,900 | 21.5% | 15.9% | |
| $40,000 To $60,000 | 4,048,700 | 9.5% | 12.1% | |
| $60,000 To $80,000 | 2,492,700 | 5.8% | 10.5% | |
| $80,000 To $100,000 | 1,382,600 | 3.2% | 7.5% | |
| $100,000 To $200,000 | 2,482,400 | 5.8% | 20.9% | |
| $200,000 Or More | 1,139,500 | 2.7% | 21.1% |
Balances include principal and interest. Bars compare share of dollars. Source: Federal Student Aid. The College Investor.
D.C. at $56,200, then Maryland, Georgia, Virginia and Florida.
Washington, D.C. has the highest average federal student loan balance at $56,200. Maryland has the highest of any state at $45,600, and our student loan repayment assistance programs by state list shows which of these places help borrowers pay it down.
| State | Average Balance | Borrowers | Owe $100K+ | Compared To D.C. |
|---|---|---|---|---|
| 1. District Of Columbia | $56,200 | 114,500 | 16.5% | |
| 2. Maryland | $45,600 | 842,400 | 12.0% | |
| 3. Georgia | $43,800 | 1,702,800 | 10.6% | |
| 4. Virginia | $41,900 | 1,085,400 | 9.8% | |
| 5. Florida | $41,100 | 2,747,800 | 9.4% | |
| 6. Illinois | $40,800 | 1,601,600 | 9.6% | |
| 7. Delaware | $40,700 | 137,800 | 9.9% | |
| 8. New York | $40,600 | 2,456,600 | 9.5% | |
| 9. North Carolina | $40,500 | 1,379,500 | 9.2% | |
| 10. Hawaii | $40,200 | 120,900 | 9.5% |
Federal student loans, March 31, 2026. Bars compare average balance with D.C. Source: Federal Student Aid. The College Investor.
D.C. sits $10,600 above Maryland and $17,800 above the overall average. D.C., Maryland, Georgia and Virginia also rank in the top five for borrowers owing $100,000 or more, which points to graduate and professional school debt. Borrowers with balances that large should compare the best student loan repayment plans before picking one.
Six-figure balances almost always involve graduate school or Parent PLUS loans. Federal aggregate limits for undergraduates cap dependent students at $31,000 and independent students at $57,500, so undergraduate borrowing alone rarely reaches $100,000.
For high-balance borrowers in D.C. and Maryland who work in government or at a nonprofit, Public Service Loan Forgiveness can be worth more than any refinance offer.
North Dakota at $30,200, then South Dakota, Iowa, Wyoming and Oklahoma.
North Dakota has the lowest average federal student loan balance at $30,200. Plains and Mountain states fill most of the bottom 10, and families planning ahead can compare those balances with the average cost of college at in-state public schools today.
| State | Average Balance | Borrowers | Owe $100K+ | Compared To D.C. |
|---|---|---|---|---|
| 52. North Dakota | $30,200 | 88,400 | 4.9% | |
| 51. South Dakota | $31,900 | 116,700 | 5.7% | |
| 50. Iowa | $32,000 | 423,500 | 5.7% | |
| 49. Wyoming | $32,400 | 54,700 | 6.4% | |
| 48. Oklahoma | $33,500 | 510,900 | 6.6% | |
| 47. Nebraska | $33,700 | 243,600 | 6.8% | |
| 46. Wisconsin | $33,800 | 709,100 | 6.4% | |
| 45. West Virginia | $33,800 | 228,400 | 6.5% | |
| 44. Rhode Island | $34,400 | 149,700 | 6.9% | |
| 43. Kansas | $34,500 | 379,200 | 6.8% |
Federal student loans, March 31, 2026. Bars compare average balance with D.C. Source: Federal Student Aid. The College Investor.
These states also have more small balances. In Wyoming, 36.9% of borrowers owe less than $10,000, compared with 24.9% in D.C. Puerto Rico has the highest share of all at 41.4%, and our Puerto Rico student loan repayment assistance programs page covers local help.
A low average doesn’t mean low risk. Oklahoma ranks 48th of 52 for average balance but ninth for the share of borrowers in default, and our breakdown of how long it really takes to repay student loans shows how much the loan type changes the outcome.
Texas edged past California, with Florida, New York and Pennsylvania next.
Texas has the most federal student loan borrowers, with 3,949,900 as of March 31, 2026. California is a close second, and our Texas student loan repayment assistance programs page covers what the state offers.
| State | Borrowers | Average Balance | Compared To Texas |
|---|---|---|---|
| 1. Texas | 3,949,900 | $35,000 | |
| 2. California | 3,919,500 | $40,000 | |
| 3. Florida | 2,747,800 | $41,100 | |
| 4. New York | 2,456,600 | $40,600 | |
| 5. Pennsylvania | 1,853,900 | $37,500 |
Federal student loans, March 31, 2026. Source: Federal Student Aid. The College Investor.
The version of this page we published in December 2025 had California ahead by about 23,600 borrowers. Texas borrowers also owe less on average ($35,000) than California borrowers ($40,000). California borrowers can check the California student loan repayment assistance programs for state help.
Wyoming has the fewest borrowers at 54,700. Borrower counts follow where people live now, not where they went to school, so if you moved after graduating, our complete list of federal student loan servicers has current contact details.
16.5% in D.C., 4.9% in North Dakota, 8.5% overall.
In Washington, D.C., 16.5% of federal student loan borrowers owe $100,000 or more. That’s more than three times North Dakota’s 4.9%, and borrowers in this group gain the most from the plan our Repayment Assistance Plan explainer walks through.
Maryland (12.0%), Georgia (10.6%), Delaware (9.9%) and Virginia (9.8%) round out the top five. Our RAP vs. IBR comparison shows which plan keeps a big balance from growing.
Puerto Rico at 30.9% and Mississippi at 28.3%, with Wisconsin lowest at 15.2%.
Puerto Rico has the highest share of borrowers in default at 30.9%, and Mississippi leads the states at 28.3%. Wisconsin has the lowest share at 15.2%, and our steps for getting out of student loan default cover what to do if you’re in that group.
| State | In Default | Average Balance | Compared To Highest |
|---|---|---|---|
| 1. Puerto Rico | 30.9% | $34,700 | |
| 2. Mississippi | 28.3% | $38,900 | |
| 3. Louisiana | 26.9% | $36,200 | |
| 4. New Mexico | 26.5% | $35,600 | |
| 5. Alabama | 25.5% | $39,200 | |
| 6. Arizona | 25.3% | $37,100 | |
| 50. Massachusetts | 15.4% | $37,000 | |
| 51. Utah | 15.3% | $35,300 | |
| 52. Wisconsin | 15.2% | $33,800 |
Share of borrowers with a defaulted Direct or Department-held FFEL loan, March 2026. Source: Federal Student Aid. The College Investor.
Across the 50 states, D.C. and Puerto Rico, 9.0 million borrowers were in default in March 2026. The national count has since reached 9.3 million borrowers in default in the June 30 data.
Default exposes borrowers to tax refund and Social Security offsets and wage garnishment whenever involuntary collections are active. The Education Department and Treasury opened an online portal for borrowers in default on September 30, 2026.
Loan rehabilitation remains the main route back to good standing, and it removes the default notation from your credit report once you finish.
Ranked by average federal student loan balance. Each state links to its repayment assistance programs.
This table ranks every state, D.C. and Puerto Rico by average federal student loan balance as of March 31, 2026. “Owe $100K+” is the share of borrowers with $100,000 or more in federal loans, and “In Default” is the share with a defaulted Direct or Department-held FFEL loan. Each state name links to its state student loan repayment assistance programs page.
| State | Average Balance | Borrowers | Owe $100K+ | In Default | Average Balance |
|---|---|---|---|---|---|
| 1. District Of Columbia | $56,200 | 114,500 | 16.5% | 24.4% | |
| 2. Maryland | $45,600 | 842,400 | 12.0% | 21.3% | |
| 3. Georgia | $43,800 | 1,702,800 | 10.6% | 23.3% | |
| 4. Virginia | $41,900 | 1,085,400 | 9.8% | 17.6% | |
| 5. Florida | $41,100 | 2,747,800 | 9.4% | 21.4% | |
| 6. Illinois | $40,800 | 1,601,600 | 9.6% | 18.4% | |
| 7. Delaware | $40,700 | 137,800 | 9.9% | 21.0% | |
| 8. New York | $40,600 | 2,456,600 | 9.5% | 20.1% | |
| 9. North Carolina | $40,500 | 1,379,500 | 9.2% | 21.5% | |
| 10. Hawaii | $40,200 | 120,900 | 9.5% | 19.8% | |
| 11. South Carolina | $40,100 | 782,300 | 8.9% | 23.3% | |
| 12. California | $40,000 | 3,919,500 | 9.5% | 18.6% | |
| 13. Oregon | $39,500 | 526,500 | 8.5% | 21.1% | |
| 14. Vermont | $39,400 | 74,800 | 8.8% | 16.0% | |
| 15. Alabama | $39,200 | 664,000 | 8.9% | 25.5% | |
| 16. New Jersey | $39,200 | 1,235,400 | 8.9% | 18.0% | |
| 17. Colorado | $38,900 | 764,600 | 8.6% | 18.8% | |
| 18. Mississippi | $38,900 | 456,300 | 9.2% | 28.3% | |
| 19. Michigan | $38,600 | 1,377,400 | 8.3% | 22.4% | |
| 20. Tennessee | $38,600 | 894,800 | 8.5% | 21.9% | |
| 21. Connecticut | $38,400 | 515,400 | 8.5% | 17.7% | |
| 22. Washington | $38,200 | 776,300 | 8.6% | 16.8% | |
| 23. Pennsylvania | $37,500 | 1,853,900 | 8.0% | 19.9% | |
| 24. Alaska | $37,100 | 64,500 | 7.9% | 23.3% | |
| 25. Arizona | $37,100 | 916,200 | 8.0% | 25.3% | |
| 26. Massachusetts | $37,000 | 900,500 | 8.0% | 15.4% | |
| 27. Missouri | $37,000 | 826,400 | 7.7% | 21.1% | |
| 28. New Hampshire | $36,600 | 187,600 | 7.7% | 15.5% | |
| 29. Ohio | $36,300 | 1,770,800 | 7.2% | 24.2% | |
| 30. Louisiana | $36,200 | 693,900 | 7.7% | 26.9% | |
| 31. Nevada | $36,000 | 368,000 | 7.7% | 25.3% | |
| 32. Maine | $35,700 | 186,600 | 7.1% | 18.8% | |
| 33. Minnesota | $35,600 | 772,700 | 6.8% | 16.2% | |
| 34. Montana | $35,600 | 126,300 | 7.2% | 19.8% | |
| 35. New Mexico | $35,600 | 226,000 | 7.7% | 26.5% | |
| 36. Arkansas | $35,400 | 408,400 | 7.3% | 21.1% | |
| 37. Utah | $35,300 | 313,400 | 7.0% | 15.3% | |
| 38. Kentucky | $35,100 | 615,600 | 7.0% | 19.7% | |
| 39. Texas | $35,000 | 3,949,900 | 7.3% | 22.2% | |
| 40. Idaho | $34,800 | 216,500 | 6.7% | 19.9% | |
| 41. Puerto Rico | $34,700 | 337,000 | 8.5% | 30.9% | |
| 42. Indiana | $34,500 | 898,500 | 6.6% | 23.6% | |
| 43. Kansas | $34,500 | 379,200 | 6.8% | 22.1% | |
| 44. Rhode Island | $34,400 | 149,700 | 6.9% | 18.7% | |
| 45. West Virginia | $33,800 | 228,400 | 6.5% | 25.0% | |
| 46. Wisconsin | $33,800 | 709,100 | 6.4% | 15.2% | |
| 47. Nebraska | $33,700 | 243,600 | 6.8% | 17.7% | |
| 48. Oklahoma | $33,500 | 510,900 | 6.6% | 24.7% | |
| 49. Wyoming | $32,400 | 54,700 | 6.4% | 21.9% | |
| 50. Iowa | $32,000 | 423,500 | 5.7% | 20.8% | |
| 51. South Dakota | $31,900 | 116,700 | 5.7% | 17.1% | |
| 52. North Dakota | $30,200 | 88,400 | 4.9% | 18.1% | |
| All 50 States, D.C. And Puerto Rico | $38,400 | 42,713,500 | 8.5% | 21.2% |
Federal student loans, March 31, 2026. Bars compare average balance with D.C. Source: Federal Student Aid. The College Investor.
Your own balance and income set your payment, not your state’s average.
On a 10-year standard schedule at 6% interest, the average D.C. balance costs about $624 a month and the average North Dakota balance costs about $335. Under the Repayment Assistance Plan (RAP), payments run from 1% to 10% of adjusted gross income, so a single borrower with a $55,000 AGI pays about $229 a month in either place.
| Borrower Lives In | Average Balance | 10-Year Standard At 6% | RAP, Single, $55K AGI |
|---|---|---|---|
| District Of Columbia | $56,200 | $624/mo | $229/mo |
| All 50 States, D.C. And Puerto Rico | $38,400 | $426/mo | $229/mo |
| North Dakota | $30,200 | $335/mo | $229/mo |
Standard payment assumes 6% interest over 10 years. RAP payment is 5% of AGI divided by 12. Source: Federal Student Aid. The College Investor.
RAP waives unpaid interest and adds up to a $50 principal match on each on-time payment, which keeps a large balance from growing when the payment doesn’t cover interest. Borrowers who took out loans before July 1, 2026 can still compare RAP with IBR, and our RAP vs. IBR comparison walks through who comes out ahead.
Federal Student Aid’s state-level portfolio files, data as of March 31, 2026.
We used three Federal Student Aid Data Center reports: Portfolio by Borrower Location, Portfolio by Location and Debt Size, and Defaulted Portfolio by Location. Average balance equals total outstanding principal and interest divided by borrowers, summed across the debt-size report’s nine balance ranges for more precision, then rounded to the nearest $100. Our student loan debt statistics page explains how this federal data differs from Federal Reserve totals.
Washington, D.C. has the highest average federal student loan balance at $56,200. Among the 50 states, Maryland leads at $45,600, followed by Georgia at $43,800. D.C. borrowers can check the District of Columbia student loan repayment assistance programs for local help.
North Dakota has the lowest average federal student loan balance at $30,200. South Dakota ($31,900) and Iowa ($32,000) are next. North Dakota borrowers can also look at the North Dakota student loan repayment assistance programs for employer and state help.
No. These averages cover federal student loans only: Direct Loans, FFEL and Perkins. Private student loans add about $176 billion nationally, according to our student loan debt statistics, and are not reported by state in federal data.
Only loosely. Just over half of federal borrowers owe less than $20,000, and a small group with six-figure balances pulls every state’s average up. Compare your balance against the average monthly student loan payment too.
Federal Student Aid publishes portfolio-by-location data quarterly, and the state files can lag the national summary by a quarter. Our average student loan debt by year page tracks how balances change by graduating class.
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The post Average Student Loan Debt By State In 2026 appeared first on The College Investor.
The best marketing copy doesn’t rely on AI to generate content strategy. Reclaim customers with marketing copy competitors can’t duplicate.
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Traditionally, Apple Card did not have any signup bonus, though there have been many offers sent out over the years, some better than this $100 offer. This one is still notable as a publicly available offer with a dedicated landing page for anyone to use and so I thought it worth sharing.
Hat tip to dealgamer
Qualcomm (QCOM -2.61%) is trying to turn its power-efficient computing expertise into a real data-center AI business. It’s hypercaler customers give the strategy an important proof point, but the bigger upside depends on repeat wins, later chip generations, and attractive margins.
Stock prices used were the market prices of Sept. 18, 2026. The video was published on Oct. 4, 2026.
Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
“There are certainly some people out there whose model in certain non-QM is to bulk up loans, and they got it handed to them,” he said. “Market moves, some were hedged, and others were not hedged.”
He has not heard of any that went out of business, though some took heavy losses.
“If you’re bulking and let’s say you just lost $15 million on a trade of $300, $400 million, how many of those trades have you had in the last 24 months where you made $15, $20 million?” he said.
Halpern had also heard, though not firsthand, about a mortgage bank left unhedged on a couple hundred million dollars in loans when the market moved.
“My first thought is, okay, well, that’ll be good because maybe it puts someone out of business, maybe there’s more business that comes,” he said. “Then I thought about it, and that’s not necessarily a good thing because ultimately who has a problem? It’s the warehouse banks. If the warehouse banks have a problem right now, they’re going to be looking at our haircuts, right? So it goes from anywhere from 100 to 95.”
It’s estimated that billionaire U.K. residents who have loosened their ties to the country in the past two years—or up and left completely—took around $160 billion with them collectively, according to a recent analysis from Bloomberg. It’s an eye-watering fortune that even surpasses the combined wealth of billionaires who have chosen to stick with their U.K. postcodes.
It’s no secret that there’s been a wave of millionaires and billionaires quitting Britain. Wealthy U.K. residents had already been fleeing the country for years before the Labour party took office in July 2024, but the biggest shift happened upon the end of the non-dom regime—a policy first announced by the Conservative party in March of that year, months before handing over the reins.
The government also raised capital gains tax rates in October 2024, with the higher rate jumping from 20% to 24%.
It’s driving the perception that the U.K. has become less enterprise-friendly—so some business tycoons are taking their fortunes elsewhere. Now, British billionaires are flocking to low-tax destinations including Switzerland, Monaco, and the United Arab Emirates (UAE).
For Britain’s wealthiest, moving abroad can offer more than a change of scenery—it can mean a dramatically lower tax bill.
Lakshmi Mittal, an Indian-born steel billionaire with a roughly $40.8 billion net worth, up and left the U.K. after three decades for Switzerland, where he is now a resident. Switzerland has become a hotspot for British billionaires thanks to its comparatively favorable tax environment and longstanding appeal to wealthy international residents, with hedge fund billionaire Alan Howard (worth $5 billion), Ipsen heiress Anne Beaufour (worth $4 billion), and private-equity billionaire Jeremy Coller (worth $3.8 billion) taking the leap to the Alpine country. Howard became a Swiss resident in 2025, while Beaufour also changed her residency to Switzerland that year.
Others like shipping mogul John Fredriksen with a $19.2 billion fortune, as well as Egyptian billionaire Nassef Sawiris (worth $9.6 billion) who lived in the U.K. for a decade, have uprooted in recent years and hold ties or residency in the UAE. The Gulf state has no federal personal income tax, and has become an increasingly popular luxe destination for wealthy expatriates.
And another picturesque locale has been a bright spot for the uber-rich: Monaco.
The tiny wealthy country on the French Riviera is not only known for luxury, yachts, and the Formula 1 Grand Prix—it’s also a long-standing tax haven for billionaires. Monaco has one of the lowest and most favorable tax systems in the world, charging no personal income tax for non-French residents. So it only follows that it’s become a billionaires’ playground.
Ian and Richard Livingstone, successful U.K. property developers with a $11.2 billion fortune, left their home country for Monaco in the spring of last year. Checkout.com founder Guillaume Pousaz, worth $6.8 billion, left the U.K. for Monaco in 2025 to settle down in the tax-friendly enclave. And John Reece, the British property billionaire with $4.1 billion in wealth, also set his sails for the Mediterranean principality back in 2019, before more recent changes in policy.
Britain’s billionaires and millionaires are split over the country’s changing tax landscape. One camp of the ultra-rich cohort is actively exiting the country and slamming the tax policies as bad for business, while a whole other group is publicly demanding that they be taxed more.
Earlier this year, 88-year-old property magnate David Reuben and his brother Simon made headlines after leaving London for the sunny shores of Monaco. The businessmen, each worth an estimated $13.1 billion, were reported to have been non-dom, allowing them to pay U.K. taxes only on income earned or brought into the country. However, the status was scrapped in 2025, and under the new rules, long-term U.K. residents can also have their global assets subject to the country’s 40% inheritance tax. And telecoms entrepreneur Bassim Haidar, whose astronomical net worth is “close” to $1 billion, “urgently” left the U.K. after the non-dom policy was set to be abolished.
“There’s no two questions about this; we have looked at it from every angle and it just doesn’t make sense to stay here,” Haidar told The Guardian in 2024. “This [the ending of the non-dom regime] is going to cost me millions and millions of dollars and pounds every year in taxes on money that I’ve actually made abroad and businesses that I’ve built abroad.”
However, not every wealthy Briton sees higher taxes as a reason to pack up and leave. Some argue that the country’s richest residents have a duty to alleviate economic inequality.
In July of this year, 120 wealthy Britons signed an open letter to England’s prime minister Andy Burnham, asking for their taxes to be raised.
The “Proud to Pay” campaign, organized by Patriotic Millionaires UK, garnered support from some of the country’s biggest stars, including the likes of former footballer Gary Lineker and legendary music producer Brian Eno. The group proposed a 2% tax on wealth over £10 million ($13.3 million)—which is supported by 80% of U.K. millionaires—that would generate around £24 billion ($32 billion) every year.
By forking over more of their fortunes, the group argues that higher taxation would “disperse economic power” to those who need it most.
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GameStop is a primary example.
Since its 2014 inception, investment firm Melvin Capital Management had been short GameStop, expecting the stock price to fall as digital downloads of video games overtook its brick-and-mortar business.
The precise size and entry price of Melvin’s position weren’t publicly disclosed, so the figures here are a hypothetical illustration, not Melvin’s actual results. For example, consider shorting 1,000 shares on Jan. 22, 2021, at $65.01 per share. By the Jan. 27 close of $347.51 per share, up roughly 435%, that position would show a $282,500 paper loss before fees, more than four times its $65,010 notional value. Held to the Feb. 4 close of $53.50, it would instead show an $11,510 gross gain.
Melvin did not ride that path. Gabriel Plotkin, the founder of the firm, later said Melvin closed its GameStop position on Jan. 26 before the peak and at a loss, with its thesis unchanged. In February congressional testimony, he added that Melvin also cut other long and short positions at significant losses. The eventual gain was unavailable to a manager forced out during the surge.
The lesson is that surviving the interval can matter as much as the valuation call.

Today, we are featuring an unconventional interview. We are interviewing the founder of The Points Standard. You will see what we mean during the interview below. The founder is really passionate and really wants their work to speak for itself….
The post [INTERVIEW] Founder of The Points Standard appeared first on Pointshogger.