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    Tesla issues recall for 123,000 Model S cars Investing

    March 30, 2018

    Tesla issues recall for 123,000 Model S cars Investing

    Tesla issues recall for 123,000 Model S cars

    Posted: 29 Mar 2018 03:14 PM PDT

    Donald J. Trump - “I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!”

    Posted: 29 Mar 2018 05:39 AM PDT

    How far will amazons stock fall do you think? Trumps tweets seem like he wants to really put them in a tough spot.

    submitted by /u/IT_Is_Interesting
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    Under Armour says 150 million MyFitnessPal accounts breached

    Posted: 29 Mar 2018 06:01 PM PDT

    Stock Market on Track to Close First Quarter of 2018 With Losses

    Posted: 29 Mar 2018 04:31 AM PDT

    WSJ:

    Global stocks rebounded Thursday but remained on track for quarterly losses after investor worries about rising rates, trade tensions and the health of the technology sector ended an extended period of calm.

    Ahead of the long holiday weekend, the Stoxx Europe 600 was up 0.5% led by the auto sector, following small gains in Japan, Hong Kong and Shanghai. U.S. futures pointed to a 0.4% rise for the S&P 500 and a 0.8% boost for the Nasdaq .

    For the first three months of 2018, however, the S&P 500 was poised to lose roughly 2.6%, ending a nine-quarter winning streak, while the Stoxx Europe 600 was on track to end 4.6% lower, the U.K.'s FTSE 100 8% lower, and Japan's Nikkei 7.1% lower, also hit by the dollar's weak trajectory.

    While little was able to stir stocks for the past two years, markets have become more sensitive to any hints of bad news in the last two months, returning to a more elevated level of volatility and lower returns.

    With central banks moving gradually away from stimulus, tax cuts already passed and the early signs of acceleration in the global economy in the rearview, "the question now is how much newsflow can there be about things getting incrementally better versus getting incrementally worse," said Chris Dyer, director of global equity at Eaton Vance.

    While he still is optimistic about global equities in light a healthy and upbeat corporate sector, "when you think about trade wars, North Korea, privacy and internet companies, there's a lot that could scare investors," he said.

    The S&P 500 has fallen 4% so far in March, on pace for its worst month since 2016, while the Dow Jones Industrial Average has fallen 4.7%. Yields on 10-year Treasurys have risen to 2.77% from around 2.41% at the end of 2017.

    "You're losing money in fixed income, losing money in equities: The average balanced account at the end of the first quarter is going to be down," said Philip Blancato, chief executive at Ladenburg Thalmann Asset Management.

    Just a handful of equity markets have clung to small gains for the year, including Italy's FTSE MIB index, the Nasdaq Composite, and Hong Kong's Hang Seng.

    Still, Mr. Blancato and many investors remain encouraged about the outlook for the second quarter, pointing to continued momentum in the economy and corporate earnings.

    "You've got a strong consumer, great earnings growth because of less tax, and an expanding economy coupled with low inflation and low lending rates," he said. "You still have all the underpinnings of a very strong stock market."

    Data Wednesday showed the U.S. economy grew more than previously estimated expected in the final three months of 2017, while figures Thursday showed the German unemployment rate hit a record low in March.

    First-quarter earnings per share for the S&P 500 are meanwhile projected to rise 16.6%, according to CFRA Research, and 2018 earnings estimates for the tech sector, a current focus of market worry, have continued to move higher in the past month, according to FactSet.

    The S&P 500 now trades at 16.3 times forward earnings, cheaper than where it started the year.

    On Thursday, auto makers led gains in European stocks, with reports of merger talks between Japan's Nissan Motor Co. and Renault boosting the sector. Renault shares were up 4.2%,

    In Asian trading, many tech stocks took a hit following falls in the U.S. and recent declines in crude oil prices hit the energy sector, but a slight easing of geopolitical tensions, driven by speculation of a Japan-North Korea summit meeting, helped weaken the yen and support Japanese stocks.

    Japan's Asahi Shimbun newspaper reported that the country has reached out to North Korea about a meeting between Prime Minister Shinzo Abe and Kim Jong Un, who just shook hands with Chinese President Xi Jinping in Beijing and already has a summit planned with U.S. President Donald Trump.

    Some investors took it as a sign that Pyongyang may be more open to negotiating an end to its nuclear-weapons program. The two Koreas agreed to an April 27 meeting.

    The report came on top of a dollar rebound, which pushed the dollar up 1.4% against the yen on Wednesday, its biggest one-day gain since September. A weaker yen tends to boost shares of multinationals which translate earnings from abroad. The Nikkei rose 0.6%, pulled down slightly by shares of Takeda Pharmaceutical after the company said it was considering a takeover bid for London-listed Shire.

    Still, for the quarter, the Nikkei ended sharply lower, hurt by a 5.6% climb in the yen against the U.S. dollar.

    In China, news of a tax-cut plan boosted local shares. Shanghai stocks were up 1.2%, helped by Beijing's plans to lower value-added taxes. The 400 billion yuan ($63.5 billion) measure, due to take effect in May, is expected to boost factory profits in China by a further 11% this year, said Li Xunlei, an economist at Zhongtai Securities.

    Hong Kong's Hang Seng edged up 0.2%, keeping it up 0.6% for the quarter.

    The U.S. Commerce Department releases its report on February personal income and outlays on Thursday, which will be watched for any signs of a pickup in inflation. Federal Reserve Bank of Philadelphia President Patrick Harker said he expects officials will need to raise interest rates a total of three times this year, up from his earlier projection of two, due to stronger inflation.

    https://www.wsj.com/articles/many-asia-markets-rebound-from-losses-1522293236

    submitted by /u/soup_nazi1
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    Tesla urges workers to prove the 'Haters' wrong and ramp up production

    Posted: 29 Mar 2018 08:50 AM PDT

    https://www.bloomberg.com/news/articles/2018-03-29/tesla-urges-workers-to-prove-haters-wrong-ramp-up-production

    This is hilarious! As if it's the worker's fault. This is clearly a management issue and it starts at the top. Musk is not focused on Tesla, pushing other desires like Space X and coming up with far off Semi Truck's that will never happen anytime soon.

    submitted by /u/PizzaManSF
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    Walmart in Early Stage Acquisition Talks with Humana - If Deal is Struck It'd be the Biggest by Far

    Posted: 29 Mar 2018 04:30 PM PDT

    Facebook funds campaign to block data privacy measure.

    Posted: 29 Mar 2018 12:44 PM PDT

    Starbucks coffee in California must have cancer warning, judge says

    Posted: 29 Mar 2018 09:10 PM PDT

    https://www.reuters.com/article/us-california-lawsuit-coffee/starbucks-coffee-in-california-must-have-cancer-warning-judge-says-idUSKBN1H5399

    A little-known not-for-profit group sued some 90 coffee retailers, including Starbucks, on grounds they were violating a California law requiring companies to warn consumers of chemicals in their products that could cause cancer.

    One of those chemicals is acrylamide, a byproduct of roasting coffee beans that is present in high levels in brewed coffee.

    Officials from Dunkin' Donuts (DNKN.O), McDonald's Corp (MCD.N), Peet's and other big coffee sellers did not immediately respond to requests for comment.

    submitted by /u/COMPUTER1313
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    Microsoft announced a major reorganization Thursday, establishing two main engineering teams focused on experiences and devices, and cloud and AI platforms.

    Posted: 29 Mar 2018 08:41 AM PDT

    Former Walmart CEO says Congress should split up Amazon

    Posted: 30 Mar 2018 03:28 AM PDT

    (Almost) immediate available-for-trade ACH deposit brokerage recommendations?

    Posted: 30 Mar 2018 03:27 AM PDT

    Can someone recommend a brokerage that gives quick clearance for ACH deposits? A brokerage that is as quick as Scottrade used to be (which was about 10-30 minutes max).

    I used to have Scottrade, which was recently acquired by TDAmeritrade, and my account has been transferred over.

    When I had scottrade, if I make an ACH deposit through a linked account, within 10 minutes the funds were almost immediately available for trading without delay. I couldn't withdraw the funds or cash it out since it hasn't settled, but I could use the funds to trade it, and it wasn't on margin.

    With TD Amerritrade, this doesn't seem to be the case. My other bank account is linked to Ameritrade. Despite having made an ACH deposit well before the supposed cut-off of 4pm (11am), the funds are still not available for trading now, which is well past the cut-off (6:44pm).

    The bank I'm using to fund Ameritrade is the exact same account as the one I used to use to fund Scottrade - which is Discover, so I don't think the difference is with how fast Discover is processing it.

    Maybe it's just because ACH is clogged and today was an unusual delay..? Any others with TDA, please let me know of your experiences!

    If this is just how Ameritrade is, can someone please recommend a brokerage with low trading fees but quick-clearance/fund-availability like it used to be with Scottrade?

    I read some comments/posts while searching for the keyword "ACH" that Fidelity allows almost immediate availability for trading, but those comments were 2-3 years ago. Can someone confirm that's still the case?

    submitted by /u/cwamoon
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    Best App for Beginners

    Posted: 29 Mar 2018 03:21 PM PDT

    I've been wanting to start playing around and investing in the stock market, but im not exactly sure where to start. I've looked into acorn, robinhood, ect. but im not sure what is right for me. I like the simplicity of acorn but i would like to have more control over future investments and individual stocks. My issue with robinhood is that some of the more obscure companies I would like to try investing in are not supported. What apps would you suggest I look into? Thanks for your help

    Edit: Thanks for all the help everyone

    submitted by /u/BacklashSamurai
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    As a quick gauge of interest, how many readers here would like to start a discussion group for Buffet's letters to the shareholders of Berkshire Hathaway?

    Posted: 29 Mar 2018 05:04 PM PDT

    I've put up two discussion posts regarding chapters in The Intelligent Investor and I will continue to do that (finding time to sit down and break Graham down into EL!5-like pieces is a bit hard to do). So let's keep the ball going with rational investment discussion. Since Buffett is Graham's best student it seems only fair to pair the two readings together and see what wisdom we can pull from them. If there's interest in it then I can try and start discussion threads as I can sit down and pair the two together (with permission from the moderators of course).

    submitted by /u/howtoreadspaghetti
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    Tesla Looked Like the Future. Now Some Ask if It Has One.

    Posted: 30 Mar 2018 02:47 AM PDT

    What happens if you short sell a stock to zero?

    Posted: 29 Mar 2018 08:14 PM PDT

    I understand that you have to buy to cover but if it's at 0 with no buyers what happens? Do you pretty much lose all the money you shorted with since you can't cover?

    submitted by /u/GAC44
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    Does Warren Buffett discount future cash flows at roughly 3% (30 year US Treasury Bond Rate)?

    Posted: 29 Mar 2018 01:58 PM PDT

    Warren Buffet doesn't exactly use a DCF to value stocks, but he uses the same ideas of discounting future cash flows to their present value. However, whereas a normal DCF would use a discount rate that would end up being anywhere from 8-15%, Warren uses a discount rate that follows the long-term US treasury bond rate. Multiple sources have confirmed this.

    As such a frugal investor, even when he only purchases at large discounts, wouldn't setting a discount rate of 2.97% (https://www.cnbc.com/quotes/?symbol=US30Y) or roughly 3% lead to purchases that would not have happened if he used a discount rate closer to the norm of 10%? Or am I getting this completely wrong and his discount rate is not about 3%?

    He then says "We don't formally have a discount rate. We want a significantly higher return than from a government bond–that's the yardstick, but not if government bond rates are 2-3%...10% is the figure we quit on — we don't want to buy equities when the real return we expect is less than 10%". This leads me to think his discount rate is much higher? But I'm not too sure and I'm hoping some of you guys could clear this up for me?

    https://25iq.com/2015/11/21/why-and-how-do-munger-and-buffett-discount-the-future-cash-flows-at-the-30-year-u-s-treasury-rate/

    submitted by /u/darealgeezer
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    What do you think of the vanguard consumer staples index? (VDC)

    Posted: 29 Mar 2018 10:48 AM PDT

    Consumer staples seems like the most consistent sector through thick and thin and even produced positive returns through the recession.

    submitted by /u/mcnuggetlenny
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    Why are people so quick to recommend against waiting to invest at the time of the next bear market/large dip/recession/correction?

    Posted: 29 Mar 2018 01:14 PM PDT

    All over the internet and especially in places like /r/investing etc people repeat the term: "Time in the market beats timing the market", "nobody can predict the market", etc etc. I'm not saying these views are necessarily wrong. But they aren't right either. If I'm wrong, feel free to explain to me but I just don't see it.

    I've made a crappy table on MS paint to show my point: https://i.imgur.com/qOrKolQ.png

    Now I'm making a couple of assumptions here which follow:

    1. Most importantly, I'm referring to short/medium term investment into a well diversified fund such as an index fund. (Here I use the SP500 index). Of course, if you leave your money in the market for 20, 30 or 40 years, as in retirement accounts, historical data shows you would almost certainly have a positive ROI. So this doesn't apply to investment over a lifetime.

    2. The objective of investing is to buy securities low, get a positive ROI and sell higher than you bought, to receive a profit. I think its safe to say this is what almost everyone is after.

    3. Nobody can know the highest point of a peak or lower point of a dip, however I am referring to purchasing once it is clear that the market is dropping, not specifically at the lowest point of the dip; and selling when the market has recovered overall, not right before the next dip. For most of my examples I use a 5 year period.

    4. When I say words such as "recession" I am not using the terms per textbook definition. I understand a recession has specific characteristics which classify it as such; however I use the word as most people in the world use it - a time when the market drops, confidence is low, companies fail, people lose their job etc. Let's not get terribly technical.

    5. That the market will always recover and continue to go higher as time goes on. This is the concept the entire retirement investment concept is based on. so when we buy at the dip, we suppose the market will recover some time soon.

    6. The market is cyclical and even thought we hope it will continue to rise overall, recessions happen at an almost stupidly easy to predict rate.

    • In scenario 1, we suppose we purchased shares right at the peak of the 2000 bull market. Exactly 5 years later, we happen to need cash and so liquidate at a loss for a return of -16.05%. We bought high in a good market and sold low. Now you could keep your shares and wait until the market turns around; however even if you waited until the peak of the recovered market around July of 2007 (and you'd have to be really lucky to guess that exact point), you would only make a 5% positive ROI, over SEVEN years of ownership.

    • In scenario 2, we purchased shares at the very tip of the "recession" in October 2002 when it was clear to everyone that the market was at a decline. 5 years later, we decide to sell to realize our gains and make a 51.57% ROI. This is 67.62% more than the guy who bought the Dot Com peak in scenario 1; and 46.57% more than even if that guy had waited until the very tip of the 2007 peak who also owned his shares for 2 more years than scenario 2 guy.

    • In scenario 3, we take a more realistic approach as we do not know exactly when the peaks and valleys are. We buy in February 2007 right before the recession because "people predicted 9 of the last 5 recessions" and "time in the market etc". 5 years later we need to liquidate and sell at a loss for a -4.87% ROI.

    • In scenario 4, we kept our cash until the housing bubble burst and the recession was underway. Everyone's freaking out and we purchase in October 2008 because we think its the lowest it will go. Obviously it doesn't, it kept getting lower. however, that is what most likely would happen as nobody knows where the bottom is; but its obviously a recession and it'll have to go up soon. Turns out we were right and a little less than 5 years later we decide to realize our profit and sell for a 41.02% ROI. You made 45.89% more than the guy in scenario 3 simply by waiting one year until the market was obviously at a low and stocks were at price/undervalued.

    Now you might be saying: "but Nakuke, if scenario 3 guy had simply waited until today and the crazy bull market of 2017, he would have made a lot of money! Stay long! HODL!" You're right, and we'll address that in the last 2 scenarios.

    • In scenario 5, we buy in November 2006 while the market is still rising, and we're even willing to hold medium-term for over 10 years (12 to be precise). On In March 2018 we decide that the market is too crazy with the tariff business, Amazon regulation etc etc. we decide to sell and take your profit. We made almost double at a 91.26% ROI. Sounds good right? Except it could have been better and almost guaranteed a return if we simply waited 2 years until the market went to crap. This is next.

    • In scenario 6, we decided to save our cash and buy in in the middle of the recession, not even the bottom of it. We stayed almost equally as long as scenario 5 guy, holding for almost 10 years until March 2018 when the market starts going bonkers and we decide to GTFO to secure our profit. We almost quadruple our investment for a 173.06% ROI. We made 81.8% more than scenario 5 guy by simply waiting to buy during the recession (waiting/saving cash for 2 years). We probably were able to invest even more than our scenario 5 self because we had 2 years to save more money in cash before using it to buy shares of the index. There was also no point during the period where the market took a dip large enough to give us a loss, and there was no point where it was very clear that the market would start to decline into the next (inevitable) recession, except maybe 2015; in which case you still would have beat scenario 5 guy if you sold out of fear.

    Why I'm writing this:

    I am not some sort of investing guru, in fact I started to invest (a small amount) money into the market in January of this year; which was pretty crap luck for me and others who did so. the last 5 years or so have been nothing but growth and rise, and now this year the market's doing weird things nobody understands due to new loss of confidence in the market and unfavorable conditions (tariffs etc) The last 4 recessions took place almost exactly 10 years apart: 1981, 1990, 2001, and 2007/8. If this continues, its reasonable to believe the next recession/dip etc will take place some time this or next year. We may even be "overdue". The price of most stocks, particularly tech and meme stocks (AMZN, NFLX, etc) have risen dramatically since the last recession and I don't think its irrational to say many of them, and the market overall, is overvalued. Buying into the market now is the perfect example of "Buying high" which makes it much more likely you will sell low unless you're ready to wait 10-20 years to make a profit - in which case you may as well just put your money in your 401k/IRA; or simply keep your money - the opportunity cost of waiting 10-20 or more years to even double your investment, at least for me, is too great. Giving up a dollar I can use today to make another dollar to use in 20 years is a waste.

    In the past 2 months the value of my investment has dropped around 8% and its not a huge deal as its a small amount of play money (1000 USD); but it made me think and come to this conclusion. Stocks are at an all time high right now. I'm literally buying shares the their most expensive price in history. I'd have to wait a long time for the next all time high to make a relatively small profit. Instead if I hold my cash and wait for the market to drop - which it more than likely will sooner than later as history has shown time and time again, I can almost guarantee myself a profit in a shorter period of time. That is precisely what I have decided to do. I sold my small investment for the 8% loss and put y money back into a high-interest savings account with the rest of my cash. I'll continue to save for 1 or 2 years when I very strongly believe the market will be at a lower point than it is now. Then I'll buy a much larger number of shares low, wait for the recovery, and sell high. It's "timing the market" but it's not exactly rocket science. Just BL,SH. This does NOT apply to my TSP account. I've started to invest in my TSP each month in equal amounts regardless of market performance as I will not use the money until retirement time or at least until 30 years or more from now. Although I COULD make more money by putting in a lump sum during a recession, its easier and more disciplined to simply save the same amount each paycheck - the length of time is so large that it makes the difference in profit pretty small.

    If my reasoning is not solid I am very happy to read why. I don't suggest I am absolutely correct. However I hope this can give people a perspective before they spout buzz phrases like "Time in the market beats timing the market", "ALWAYS buy and hold, start now!", "Insert Warren Buffet/Lynch quote here" regardless of whether the market at the time of the question is at an all time high and likely to turn around sooner than later.

    submitted by /u/Nakuke
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    Investors' lawsuit against Tesla for SolarCity acquisition allowed to proceed

    Posted: 29 Mar 2018 11:17 AM PDT

    Investors in Musk's Tesla electric-car company may press on with their lawsuit that challenges the firm's 2016 acquisition of SolarCity on grounds that the $2.6 billion deal was flawed by potential conflicts of interest involving Musk and other company directors, the court ruled late Wednesday.

    The investors provided sufficient evidence to prove it was "reasonably conceivable" that Musk, though a minority stakeholder in his electric-car company, "controlled the Tesla Board in connection with the acquisition," Vice Chancellor Joseph Slights wrote.

    https://www.usatoday.com/story/money/2018/03/29/elon-musk-tripped-legal-ruling-over-teslas-2-6-b-acquisition-solarcity/468627002/

    submitted by /u/artgriego
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    Should I invest in cryptocurrencies?

    Posted: 29 Mar 2018 09:38 PM PDT

    Ethereum, LC, and Ripple are priced pretty low right now. Should I go for it or is it a bad idea? I know someone personally who bought a currency when it was down and made a huge profit later and paid off all his loans.

    submitted by /u/moon_mermaid89
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    How Volkswagen Walked Away From a Near-Fatal Crash

    Posted: 29 Mar 2018 09:00 PM PDT

    https://www.bloomberg.com/news/features/2018-03-29/how-volkswagen-walked-away-from-a-near-fatal-crash

    While every automaker is pushing into EVs, levels of ambition vary widely. The Asian giants—Toyota and Hyundai Motor Co.—are betting on exotic technologies such as fuel cells while also investing in hybrids. U.S. automakers, on the whole, are moving slowly because of their home market's reluctance to reckon with climate change. None is committing nearly as much capital as Müller's Volkswagen. The company's goal is for EVs to account for as much as 25 percent of global sales by 2025—when they will still represent just a small fraction of worldwide demand. The Paris event kicked off 18 months of increasingly ambitious

    Audi, which contributes more to Volkswagen's profit than any other brand, has been roiled by the investigation. One senior manager, who asked not to be identified discussing the internal mood, said workers are exhausted by the one-thing-after-another drumbeat of bad news. A certain gallows humor prevails across the Volkswagen group; some employees have taken to joking, when praised for doing a good job, "Yeah, well, I just modified my software."

    For Müller and his team, the Ingolstadt raid was an unpleasant reminder that the diesel scandal will have quite a long tail. BP provides a cautionary example. The oil producer is still paying for the Deepwater Horizon spill almost eight years on, and in January it announced a further $1.7 billion hit, bringing the total bill to about $65 billion. More than €9 billion in legal claims are outstanding against Volkswagen, including suits from investors who argue it disclosed the rigging program too late.

    As it tries to limit the pain from those cases, Volkswagen must navigate another major challenge: persuading consumers to buy diesel cars again. Even with aggressive development, it will take another half-decade or more for EVs to be consistently profitable, especially at the lower end of the market—batteries are still simply too expensive. One example: An electric Volkswagen Golf starts at more than $30,000 in the U.S., compared with $21,000 for the conventional model.

    Current evidence suggests it's not working. Diesel cars currently account for about a third of sales in Germany, down from half before the cheating crisis.

    TL;DR: Volkswagen is going heavily on electric cars after recovering from the worst of the diesel scandal, but is stuck on diesel for now as they had already invested a significant amount of resources in diesel engine R&D.

    submitted by /u/COMPUTER1313
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    Is anyone holding Tesla bonds?

    Posted: 29 Mar 2018 02:42 PM PDT

    Just wondering what people who are holding them are feeling or if anybody is investing in them now?

    submitted by /u/TheFancyKetchup
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    Chicago PMI falls to 57.4 from 61.9

    Posted: 29 Mar 2018 11:50 AM PDT

    How do I purchase an individual stock (Tencent) through Vanguard?

    Posted: 29 Mar 2018 11:49 AM PDT

    I'd like to purchase some shares of Tencent, the Chinese tech company that has a stake in Epic Games and WeChat, and I've never purchased individual stocks via Vanguard before.

    I have an existing brokerage account through Vanguard and have a good chunk of money in VTSAX and VTIAX. After navigating to the Trade an ETF or Stock page, I'm prompted to enter info regarding the symbol, shares, limit price and duration. One problem is I'm not sure the difference between the two symbols I found for the company. One is TCTZF and the other is TCEHY. Both appear related to Tencent.

    I've read the descriptions of a limit price, bid, and ask, but I just want to make sure I'm doing this correctly. I enter an amount of shares I'd like to purchase and then the limit price is the amount I'm willing to pay? Do I just enter the "bid" price as my limit price, set the limit to one day, and then check back later to see how many shares I purchased?

    If that's all there is to it then my biggest question is what is the difference between the two different stocks (TCTZF and TCEHY)?

    Thanks for your help!

    submitted by /u/macklemoar
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