Author Topic: Stocks  (Read 1179558 times)

Offline as2

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Re: Stocks
« Reply #4880 on: September 03, 2020, 10:55:09 AM »
Anyone buy WFC options?
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Offline ExGingi

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Re: Stocks
« Reply #4881 on: September 03, 2020, 11:28:27 AM »
Anyone buy WFC options?
I've traded them in the past.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ah giten

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Re: Stocks
« Reply #4882 on: September 03, 2020, 03:34:48 PM »
What happened to the market today?

Offline rivkao

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Re: Stocks
« Reply #4883 on: September 03, 2020, 03:42:04 PM »
What happened to the market today?
Blood bath

Offline Naftuli19

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Re: Stocks
« Reply #4884 on: September 03, 2020, 03:46:17 PM »
What happened to the market today?
nice pullback ;)
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Offline yos9694

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Re: Stocks
« Reply #4885 on: September 03, 2020, 03:53:30 PM »
Walmart's new service really is an Amazon killer. Triple sell

Offline ilherman

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Re: Stocks
« Reply #4886 on: September 03, 2020, 10:17:10 PM »
What happened to the market today?
Thank all these crazy stocks which blew up the past few weeks for that.

It busted and it shlepped along the entire market.
You can say what you think when you think what you say.

Offline Danlover111

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Re: Stocks
« Reply #4887 on: September 04, 2020, 10:50:28 AM »
is that it? the markets over? 
I lost 3k the past 24 hours >:( >:(

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Re: Stocks
« Reply #4888 on: September 04, 2020, 12:44:05 PM »
Any reviews/feedback on YouInvest by Chase?
It’s terrible. If your keeping long term and not trading then it’s still bad but not terrible. At night when you look at balances, they are way off.

Offline EliJelly

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Re: Stocks
« Reply #4889 on: September 04, 2020, 02:35:32 PM »
It’s terrible. If your keeping long term and not trading then it’s still bad but not terrible. At night when you look at balances, they are way off.
Shame that America's largest bank can't make a decent product.

Offline AussieMan

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Re: Stocks
« Reply #4890 on: September 04, 2020, 04:22:19 PM »
is that it? the markets over? 
I lost 3k the past 24 hours >:( >:(
How much did you make in the last week though?

Offline ExGingi

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Re: Stocks
« Reply #4891 on: September 06, 2020, 12:15:05 PM »
https://othersideam.com/august-2020-mayday-mayday-mayday/

Very important read!!!! Read it and read it again.

IIRC I've posted previously articles about the dangers of ETFs and Index investing, but I'm not @TimT and can't find it right now for reference.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Stocks
« Reply #4892 on: September 06, 2020, 12:20:14 PM »
And then you have this. Make of it whatever you want. I just saw it and posting here without any comment.

https://twitter.com/AstroCycle_Net/status/1302635725800771587
I've been waiting over 5 years with bated breath for someone to say that!
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Online aygart

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Re: Stocks
« Reply #4893 on: September 06, 2020, 12:45:31 PM »
https://othersideam.com/august-2020-mayday-mayday-mayday/

Very important read!!!! Read it and read it again.

IIRC I've posted previously articles about the dangers of ETFs and Index investing, but I'm not @TimT and can't find it right now for reference.
The big question is what would be safe in the event of such a meltdown and how can one protect against it.
Feelings don't care about your facts

Offline ExGingi

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Re: Stocks
« Reply #4894 on: September 06, 2020, 12:54:39 PM »
The big question is what would be safe in the event of such a meltdown and how can one protect against it.

Oh. That's easy. Just buy an inverse ETF, just don't forget to get the 3x flavor.  :P

All jokes aside, while I'm not going to give a protection prescription here (not that I have one), there are definitely assets that aren't correlated to the indices. And there's definitely value to be found in good, well-disciplined, active management, even if a glance at historical returns will demonstrate underperformance.

And there's always cash as an asset class.

It might be worthwhile to listen to Tony Deden:
Watch this: https://youtu.be/a4_U6bS-cU4

It's long, but worth the time spent.

Not sure if it will remain available for free watching for very long. It's from a paid subscription channel.
« Last Edit: September 06, 2020, 01:13:33 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ilherman

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Re: Stocks
« Reply #4895 on: September 06, 2020, 01:06:41 PM »
So TSLA dropped after the bell on Friday after not being added to the S&P.

I think that it was just the הקדמה. It was the main reason why people were buying up the stock. I think this coming week it will tank even more. Let's see.... I didn't sell my puts yet..
You can say what you think when you think what you say.

Offline ExGingi

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Re: Stocks
« Reply #4896 on: September 06, 2020, 01:15:51 PM »
So TSLA dropped after the bell on Friday after not being added to the S&P.

I think that it was just the הקדמה. It was the main reason why people were buying up the stock. I think this coming week it will tank even more. Let's see.... I didn't sell my puts yet..

Good luck on those puts. I don't know your strike price or expiration date, but TSLA valuation makes no sense under any metric. But always keep in mind the old adage: "The markets can remain irrational longer than you or I can remain solvent."
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline VacationLover

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Re: Stocks
« Reply #4897 on: September 06, 2020, 03:39:01 PM »
https://othersideam.com/august-2020-mayday-mayday-mayday/

Very important read!!!! Read it and read it again.

IIRC I've posted previously articles about the dangers of ETFs and Index investing, but I'm not @TimT and can't find it right now for reference.
Can you please point out in a nutshell why ETF's or riskier than individual stocks?

I thought ETF's are the way to go. (Look at ARKK history in the last 10 years, for instance)

Offline ExGingi

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Re: Stocks
« Reply #4898 on: September 06, 2020, 04:05:05 PM »
Can you please point out in a nutshell why ETF's or riskier than individual stocks?

I thought ETF's are the way to go. (Look at ARKK history in the last 10 years, for instance)

It's not about ETFs vs Individual Stocks, but rather Passive Index Investing (which is mostly done via ETFs nowadays) vs Active Management:

Spoonfeeding for you on special today (with some emphasis added):

Quote
As money continues to flood markets via ETF’s and index investing, caution has been thrown to the wind, as money is now primarily added to companies based upon “money flow” alone, rather than fundamentals. Given the exponential growth over the past few years, prices are quickly becoming disconnected from underlying valuations.

As long as you are making money, that might seem to be a problem which you can overlook, but as we shall explain shortly, the machine is becoming very susceptible to extreme volatility.

For those of you who have read our work over the years we’ve written about an impending market melt-up of epic proportions based upon money flows and market structure. Just as we described an imbalance of what natural buyers could buy from a much larger universe of forced sellers in the bond ETF space, which we witnessed in March as credit markets froze, requiring the largest Federal Reserve bailout in history.  This dynamic works in both directions, and also exists in the passive equity ETF space.

The root flaw has the potential to be fatal to the unprepared investor.

Last month, we urged you to have a listen to Mike Green of Logica funds. I cannot stress enough the importance of this, active managers have a FIDUCIARY RESPONSIBILITY to their clients; in theory ALL FINANCIAL ADVISORS do as well…

ETFs do NOT.


It’s important to note that there are roughly 13,000 wealth management firms in the United States employing, approximately 440,000 wealth managers actively “managing” 43 million accounts with a collective net worth equal to 75% of that of the United States (source: Jim Bianco, Bianco Research)

From our 1Q2018 note:

“A stock is no longer bought because it’s “cheap” from a valuation to earnings, sales or revenue (perspective), it’s now bought because it’s part of a specific index and more money has been allocated to that particular index or ETF.” OSAM 1Q2018 page 10

At an active management firm, a value-oriented Portfolio Manager and team of analysts would traditionally dissect a company’s balance sheet to determine if they would be willing to part with their cash on any given day in exchange for an ownership interest of a specific company. In contrast, passive investments don’t buy a stock because it’s “cheap”. They don’t care what it’s price to earnings, sales or revenue is… for them, an order ticket equals BUY and the larger the market cap and nominal stock price of a company, the larger the percentage of funds will be allocated to that company’s stocks.

ETFs DO NOT NEED TO JUSTIFY THE PRICE THEY PAY.

As active managers shy away from companies whose valuations are grossly dislocated from market price, money flow into passive investments conversely push these companies through the stratosphere – widening the chasm between Active and Passive performance. This is fueling an even faster migration from the nearly 440k advisors chasing the passive returns thinking ZERO about, RISK, market structure and the overall ramifications…
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline farmbochur

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Re: Stocks
« Reply #4899 on: September 06, 2020, 04:40:23 PM »
It's not about ETFs vs Individual Stocks, but rather Passive Index Investing (which is mostly done via ETFs nowadays) vs Active Management:

Spoonfeeding for you on special today (with some emphasis added):
I'm still not convinced. So long as there is a sizable subset of investors that actively manage their money, index investors can rely on them to perform price discovery thereby holding valuations to a (somewhat) reasonable level.

I consider myself to have no special competencies when it comes to allocating capital, so I'll happily take the average return of the market. I'll do better than the average of the actively managed funds net of fees.

I subscribe to the philosophy that it's just a matter of finding an asset allocation that you can stick to even when markets tumble. I'm 100% equities (except for emergency fund), and I'm proud to have remained steadfast to my plan through the Feb/Mar market dip.
Risk is opportunity