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Messages - Ephraimh

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1
General Discussion / Re: Stocks
« on: November 22, 2019, 02:41:59 PM »
It can't and isn't being done for free by anyone. Now figure out how you are paying them.
At this point theyíre not being paid, nothing to figure out, theyíre sacrificing revenue in the name of asset/users accumulation.

2
General Discussion / Re: Stocks
« on: November 22, 2019, 02:30:34 PM »
Zecco had free trades in 2006.
You are not comparing it to the disruptive waive Robinhood made, are you

3
General Discussion / Stocks
« on: November 21, 2019, 10:25:33 PM »
Schwab has been cutting commissions for years before Robinhood came along, and Interactive Brokers was charging very low commissions too. Robinhood just came along and helped drive the commissions to $0.
All true, but thereís a reason the two biggest players merged today and not years ago.. charging $0 per trade even coming from $1, is a way bigger jump than reducing the price from $7.95 to $1.00...  the concept of FREE TRADES disrupted the industry and broke their backs hence pushing them to merge today to focus full time on asset management/advisory etc. 

The commission fee business is dead and Robinhood singlehandedly killed it.

If you read the Bloomberg article, you will see that ever before cutting commissions, Schwab's commission income represented only 7% of their total income. For Ameritrade it is much higher.
Yes at Ameritrade itís 35% but regardless the percentage, that side of the business is dead, and again Robinhood killed it.

Ok Iím done, Robinhood doesnít pay me!

4
General Discussion / Re: Stocks
« on: November 21, 2019, 06:50:36 PM »
I don't think Robinhood singlehandedly did this. At various points Schwab, E*Trade, Interactive Brokers had a major impact. Think or Swim was a significant trading platform and the ability to actually negotiate your own rates and fees with them (I started doing that before they were swallowed by TD Ameritrade and never followed up).

Scottrade to TD Ameritrade is nowhere as significant as TD Ameritrade to Schwab. TD Ameritrade is HUGE with lots of advisory business. It is also owned by TD which is a Canadian company rather than the rest which are mostly US owned.

You can't write down businesses as "inflated air fancied up as a business". Technology is a huge game changer and reduces actual costs. A legacy business has those costs, and integrating and upgrading technology is a huge commitment that requires an investment.
Legacy trading platforms dropping commission fees had nothing to do with technology..  instead it has everything to do with old fashioned being outsmarted by your competition.

Robinhood singlehandedly pioneered an idea of commission free trading, and the big boys had to follow, thereby killing the commission fees side of their business model.

Charging $6.95 for a service that can evidently be done for $0, was turns out an inflated air balloon fancied up as a business.

5
General Discussion / Re: Stocks
« on: November 21, 2019, 09:37:25 AM »
https://www.bloomberg.com/news/articles/2019-11-21/charles-schwab-in-talks-to-buy-td-ameritrade-cnbc

Wow
Iím being swallowed now for the 2nd time in 2 years.. Scottrade > TD Ameritrade > Charles Schwab!

Itís mind boggling how Robinhood singlehandedly deflated and turned an entire industry into thin air.

You canít help yourself but think what other industry is sitting comfortably raking in cash every quarter, but the business model as a whole is fundamentally just inflated air fancied up as a business.

6
General Discussion / Re: Stocks
« on: June 04, 2019, 04:02:28 PM »
Are there any Jewish classes for stock trading like they have for real estate and other things ?
Bussiness accounting.

7
General Discussion / Stocks
« on: May 16, 2019, 09:24:36 PM »
They are selling the dream of autonomous cars.
...which at that point forces Uber to rely solely on Google for their Waze/Google Maps data/integration.. and Google will gently turn around with their back facing Uber and officially launch Waymo... Itís a checkmate.

When your competitors only path to profitability depends on your proprietary data, you pretty much won the game.

8
And how about if he can pull it back later...
Agree GC is the tough outlier, how about giving the buyer 7 days to use it up before escrow is released?

I think overall an escrow agent would solve 99% of the fraud here.

9
Still won't help if buyer sells a fraudulent GC or voucher.
Escrow policy: Seller only gets money released after buyer confirms it not to be fraudulent

10
Just throwing an idea out there, if somebody wants to become an escrow agent on the forum (endorsed by mods?) gets a cut from seller for each sale, seller benefits by gaining trust for selling through escrow

11
General Discussion / Stocks
« on: April 01, 2019, 09:57:58 PM »
I really like payapl stock. They are so easy to use, offer an extra layer of security and customer protection. I also see them on more and more websites every day. I can not think of a competitor that has the equal benefits and near equal market penetration.
Itís a great stock, but if you really
Quote
can not think of a competitor that has the equal benefits and near equal market penetration
Iíll help you out, that company is Square, and you shouldnít have a position in PayPal before checking them out.. (Iím long SQ since $50 and happen to like them over PYPL)

12
General Discussion / Stocks
« on: April 01, 2019, 09:47:52 PM »
Care to share your thought process?
The only positive thing it has going for itself is that it has growth potential.. but thatís it, everything else stinks.

Bleeding money / ridiculous P/S valuation / September lockup / Uber IPO incoming

Plus Iím not sure that their duopoly theyíre enjoying with Uber right now will hold up too long, and even if it does hold up and competition dies down, B2C duopoly isnít as flashy as B2B duopoly.

Also, they wonít get the Amazon lose-all-you-want-as-long-as-youíre-growing treatment because itís a (1) taxi business with (2) competition.

13
Tech Talk / google voice help
« on: April 01, 2019, 07:31:15 PM »
Incoming too?
Yep.. it actually happened to me while typing an intense email on my iPad and all of a sudden the screen turned into a full blown iOS incoming call screen.. i wasnít in front of a mirror, but Iím pretty sure that my facial expression at that moment wouldíve become the internets standard ďWTF??Ē meme.. I wasnít as surprised in a long time.. but yes, you can receive incoming calls on your iPad with google voice!

14
General Discussion / Re: Stocks
« on: April 01, 2019, 03:24:57 PM »
Down to $69 now. Buy?
No.

(IHMO of course)

15
General Discussion / Stocks
« on: March 29, 2019, 11:53:13 AM »
LYFT opened at $87, 20% up its IPO price anyoneís buying?

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