The Motley Fool’s Take

Okta is a cybersecurity industry leader specializing in identity and access management. Its platform ensures that only authorized people can access specific applications and infrastructure.

Unlike Microsoft, Okta is technology neutral. It does not own any cloud infrastructure and has no reason to be biased towards any particular vendor. In fact, Okta offers over 7,000 prebuilt integrations, making deployment quick and easy for customers. Research firm Gartner has recognized Okta as a leader in the access management industry for five consecutive years.

Unsurprisingly, it is growing rapidly. In its latest quarter, Okta’s revenue grew 65% year over year, with established customers spending an average of 23% more with the company than they were l ‘last year. Okta recently had $2.3 billion in cash and cash equivalents on its balance sheet, meaning the company can afford to invest aggressively in growth.

Shareholders have good reason to be optimistic. Management estimates its market opportunity at $80 billion and Okta has established itself as an industry leader. Business stands to benefit as more companies move more of their digital operations to the cloud, adopt remote working models, and prioritize zero-trust security.

With Okta shares recently down more than 65% from their 52-week high, long-term investors may want to take a closer look. (The Motley Fool owns stock and recommended Okta.)

Motley Fool: Vail Resorts could be a black diamond in the rough

ask the fool

From PL in Las Cruces, New Mexico: How to learn about an industry to invest in it?

The madman responds: The best way to learn about any industry is to read a lot about it – but don’t expect to understand everything you read at first. Stick with it. Note that some industries (such as consumer products and retail) can be quite easy to understand, but others (such as biotechnology, semiconductors, and financial services) can be quite complex.

Start with the websites of industry companies and professional associations. Read books about the industry or the companies in it. There are also loads of articles online to digest. You can get research reports from many brokerages on many companies prepared by Wall Street professionals. Read annual reports from industry companies, which include comprehensive 10-K reports.

Ideally, also learn some accounting basics so you can make sense of business financial statements.

From DR to Kenosha, Wis. : I’m invested in a mutual fund with a 4.75% sales charge. Should I sell it and transfer that money to a no-fee fund?

The madman responds: No-load funds — there are thousands of them — are generally preferable to funds with fees (sales charges). In this case, however, you have already paid these fees in advance when you purchased your shares. So at this point, forget the load and just decide if you want to hold the fund based on your performance expectations. But check his expense ratio (annual fee). Many good funds charge less than 1% and some index funds charge less than 0.10%. There are many no-fee funds in circulation.

D-FW’s highest-paid CEOs: $30 million package puts DR Horton’s David Auld at the top of our list

school of fools

Whether you’re approaching retirement or thinking about it and planning for it, here are some things you should know:

Withdrawal strategies: You will need a plan for how much you will take out of your nest egg each year to make it last. If the market and the value of your portfolio fall just before you retire, consider delaying your retirement or withdrawing a smaller amount. Try to keep several years of living expenses in cash or in accessible low-volatility accounts to operate during bear markets or recessions.

DMR: Once you reach age 72, you will need to start receiving the required minimum distributions from certain retirement accounts, such as traditional (non-Roth) IRAs. If you don’t, the penalty is huge – 50% of the sum you didn’t withdraw in time. (These withdrawals will generally be considered taxable income.)

Health care: Prepare to pay dearly for health care providers. Fidelity Investments has estimated that the average 65-year-old heterosexual couple retiring in 2022 will spend $315,000 on medical expenses throughout retirement (excluding long-term care, most dental care and medications). on sale). Getting and staying as healthy as possible could reduce those expenses for you.

Other expenses: While you may spend a lot on health care, you’ll likely spend less on many other items as you slow down, such as commuting, clothing, and even travel. Your housing costs may also drop if your mortgage is paid off or if you move to a smaller house or somewhere less expensive.

Daily life: Having Large stretches of free time may sound appealing, but many find themselves restless or even depressed in retirement. Prepare to combat this by staying active, learning new things, engaging in activities you enjoy, and socializing. Exercising regularly, volunteering, or working in a low-stress job can also help.

A larger standard deduction: One good thing about aging is that people 65 or older get a larger standard deduction at tax time.

Learn more about retirement on and elsewhere, and come in prepared.

My dumbest investment

From British Columbia, online: My dumbest investment? I lost money on Tesla, a stock that went from $3 per adjusted share in 2010 to over $700 recently.

When I opened an account so I could invest in stocks, I bought three shares of Tesla and two shares of I sold Tesla in 2018 when the company was rapidly burning through cash and its CEO, Elon Musk, suggested on Twitter that he might take the company private. The stock then fell and the Securities and Exchange Commission charged him with securities fraud. He and Tesla each ended up being fined $20 million for his actions. Emotionally speaking, I couldn’t stand his irresponsible comments anymore.

The madman responds: You might consider this your dumbest investment, but it might also be considered one of your smartest.

Yes, Tesla shares have gone up tenfold since you sold, but you sold because you didn’t trust the company’s management – and that’s a great reason to sell.

Musk is still at the helm of the company and he has a reputation for being rather unpredictable. Some reasonably wonder if he is able to spend enough time leading Tesla when he is also involved in many other endeavors, such as suing (then dismissing then being sued for dismissing) Twitter. Others, of course, believe in his leadership and expect more growth from Tesla.

Who am I?

My roots go back to around 1950, when a guy who worked for an accounting firm created an electronic counting machine called “Glickiac”. I took the name Andersen Consulting in 1988, but in 2001 I changed it to my current name, which emphasizes the days ahead. Today, I am a leading management consulting and technology services company, with a market value that recently exceeded $180 billion and approximately 8,200 patents or patents pending. Based in Dublin, I have offices in some 200 cities in 50 countries and employ around 710,000 people worldwide. Who am I?

Don’t remember last week’s question? Find it here.

Answer to last week’s quiz: Roku

About The Author

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