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    Friday, April 12, 2019

    Daily advice thread. All questions about your personal situation should be asked here Investing

    Daily advice thread. All questions about your personal situation should be asked here Investing


    Daily advice thread. All questions about your personal situation should be asked here

    Posted: 11 Apr 2019 05:12 AM PDT

    If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:

    • How old are you?
    • Are you employed/making income? How much?
    • What are your objectives with this money? (buy a house? Retirement savings?)
    • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
    • What are you current holdings? (Do you already have exposure to specific funds and sectors?)
    • Any other assets? House paid off? Cars? Expensive significant other?
    • What is your time horizon? Do you need this money next month? Next 20yrs?
    • Any big debts?
    • Any other relevant financial information will be useful to give you a proper answer.

    Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions!

    submitted by /u/AutoModerator
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    Democratic presidential candidate Elizabeth Warren wants to raise $1 trillion in revenue with a new 7% tax on corporate profits over $100 million

    Posted: 11 Apr 2019 09:47 AM PDT

    -Democratic presidential candidate Elizabeth Warren proposes raising $1 trillion in government revenue from a new tax on profits of the largest corporations.

    -The proposed surtax would prevent Amazon and other companies with profits exceeding $100 million from wiping out their tax liabilities altogether.

    -Instead of taxable corporate income as defined by the IRS, the 7% surtax would apply to profits companies report to their investors.

    https://www.cnbc.com/2019/04/11/elizabeth-warren-targets-corporate-profits-with-new-7percent-surtax-proposal.html

    submitted by /u/closingbell
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    Disney launching their TV streaming service at 6.99/month or $69.99/year. Interesting strategy clearly designed to draw enrollment with no short term profit.

    Posted: 11 Apr 2019 06:03 PM PDT

    https://variety.com/2019/digital/news/disney-plus-streaming-launch-date-pricing-1203187007/

    At launch, Disney+ will include 7,500 episodes, 25 original series, 400 library movie titles, and 100 recent theatrical films releases, according to Agnes Chu, senior vice president, Content, Disney+. That includes exclusive rights to all 30 seasons of "The Simpsons,"

    Netflix will likely be hit by this at least a little bit given the price discrepancy and content and I can see Apple's TV+ product being impacted if the price point isn't very attractive.

    For Disney, it seems like a good move to really catapult them into the streaming space quickly. I can see them getting a ton of members right away given the pricing. I'm probably in and I wasn't even considering it before I saw the pricing because I assumed it'd be another $11/month thing.

    submitted by /u/timeinthemarket
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    Uber releases its filing to go public

    Posted: 11 Apr 2019 01:10 PM PDT

    https://www.cnbc.com/2019/04/11/uber-releases-s-1-filing-for-ipo.html

    The company has self-reported unaudited financials for several quarters.

    Uber's offering is likely to be significantly larger than rival Lyft's, and one of the largest offerings this year.

    The filing comes just days after Lyft's IPO on the Nasdaq.

    submitted by /u/pipsdontsqueak
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    Fourth GOP senator opposes Trump pick Herman Cain for Fed board, effectively ending his path to confirmation

    Posted: 11 Apr 2019 12:12 PM PDT

    -Republican Sen. Kevin Cramer, N.D., on Thursday became the fourth member of his party's caucus to tell reporters he would vote against the nomination of former pizza executive Herman Cain to join the board of the Federal Reserve.

    -Cramer's announcement all but doomed Cain's chances of receiving Senate confirmation if Trump were to formally nominate him, as the president said last week he planned to do.

    -So far, GOP Sens. Lisa Murkowski of Alaska, Cory Gardner of Colorado and newly minted Sen. Mitt Romney of Utah have all told reporters they could not support Cain's nomination.

    https://www.cnbc.com/2019/04/11/fourth-gop-senator-opposes-herman-cain-for-fed-board.html

    submitted by /u/closingbell
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    Do you ever consider the morality of the businesses you invest in?

    Posted: 11 Apr 2019 07:01 AM PDT

    I know, all companies intent to make profit and are shady in one way or another but there are definitely some companies that are shadier than others. How do you feel about the support you provide by buying its stock and driving the stock price up? Personally, I feel conflicted about buying into Amazon or energy companies. Has this ever stopped you?

    Edit: TIL r/investing is comprised of 70% edge lords

    submitted by /u/purplepoopiehitler
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    Gold Prices Under Pressure As Producer Inflation Rises 0.6% In March

    Posted: 11 Apr 2019 06:49 AM PDT

    Chevron to buy Anadarko in $33b deal

    Posted: 12 Apr 2019 03:48 AM PDT

    https://www.cnbc.com/2019/04/12/chevron-to-buy-anadarko-petroleum-in-a-33-billion-cash-and-stock-deal.html

    Interesting how much M&A has heated up lately. We probably all agree we are late cycle but elevated M&A activity is historically one of those indicators.

    submitted by /u/brotato48
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    Which lending platform is better for investing your #bitcoin or diversifying your portfolio? Comparing Nexo (nexo.io) and Bitbond (bitbondsto.com) lending platforms. What are pros and cons of each?

    Posted: 12 Apr 2019 04:53 AM PDT

    When trying to calculate Jensen’s alpha for an etf, what type of return do I need from Bloomberg?

    Posted: 12 Apr 2019 02:01 AM PDT

    Eg: day to day total return (gross div), 1 day total return (last close), cumulative total return (net div) or year to date total return (last close)

    submitted by /u/parzoval-down50
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    Launching new IPO's

    Posted: 12 Apr 2019 01:55 AM PDT

    Is there a website or subreddit that has the symbol or Estimated launch of a new IPO.

    submitted by /u/kendies
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    Aside from traditional savings, I’ve been using Acorns for about a year. What are the risks of micro investing apps, and should I use another form of investing if I plan on doing so for 10 years (House purchase, initially bought a condo)

    Posted: 11 Apr 2019 10:39 AM PDT

    Nuts and bolts of keeping cash in short-term treasuries?

    Posted: 12 Apr 2019 12:02 AM PDT

    TLDR: I want to keep my cash in treasuries for their superior yields and liquidity to CDs. Seems like a lot of dead space at the beginning and end of the investment period. What's a mature, systematic approach to keeping money earning interest in short-term, i.e. 4-week, treasuries?

    I just put a test order for $100 in 4-week securities on treasury direct on Tuesday, 4/9 (when the auction was announced) and the note won't become "active" until 4/16. On a 5 year that's a rounding error, but on a 4-week that's a lot of dead time for cash. How does that work on a continuing basis? Can I get my money to get interest for 28 days out of every 28-day period? Do I need to look at longer-term treasuries to improve my "utilization factor"?

    submitted by /u/ShittyOptionsTrader
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    Long term corp bonds

    Posted: 11 Apr 2019 01:12 PM PDT

    I'm looking at some BBB rated corporate bonds (20 year terms) and they are offering ytms of 7-8 percent. Yes they are callable, do you think investing in these is okay?

    Bank of America is 8 percent ytm Bed bath and beyond is 7 percent Ford is 7 percent

    submitted by /u/GaniB
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    Are there any products that risk 25% loss against 500% gain over 5 years ?

    Posted: 11 Apr 2019 10:59 PM PDT

    Wondering what high yield products look like

    submitted by /u/citizenofacceptance2
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    Indicator Study - SPY March 2019

    Posted: 11 Apr 2019 10:49 PM PDT

    https://imgur.com/gallery/iZFs7Kh

    This analysis will use three indicators (SMA 10, MACD, SlowStochastic) on a 15-year chart with monthly candles as proposed by Phil Town. These indicators can give independent BUY/SELL signals, but we will use the three in harmony with each other for a concrete signal. It is important to note we only recognize a signal once the month has ended and the candle is completed. The SMA 10 signals are quite simple. If price action ends the month above the SMA, the security issues a BUY signal, and vice versa, if price action ends the month below the SMA, it issues a SELL signal. The MACD is fairly simple as well. When the histogram turns green, a BUY signal is issued, but when it turns red, a SELL signal is issued. The Slow Stochastic indicator can be a bit trickier to understand. A cross above 80 is always considered as a BUY signal, while a cross below 20 is always considered a SELL signal. The phantom zone is described as being between 20 and 80. When in the phantom zone, the signal takes on whatever the other two indicators issue. When all three signals issue a BUY or a SELL at the same time, we can use these signals execute trades.

    2018 started off with all three indicators giving off positive BUY signals (price action above SMA, MACD = green, Slow Stochastic above phantom zone). The MACD turned red in April 2018 while price action breached the SMA multiple times from February through May. However, the price action never ENDED the month below the SMA until October 2018, issuing a SELL signal for this indicator. Since the Slow Stochastic entered the phantom zone while the SMA and MACD were at SELL, its signal changes to SELL as well. Hence, all three indicators issue a SELL as of October 2018. Price action this February ended above the SMA, issuing a BUY signal for this indicator, continuing into march. However, the MACD and Slow Stochastic still remain at SELL as of the end of March 2019. I learned to used these indicators together through Phil Town.

    This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

    submitted by /u/WhatIsTheMarketDoing
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    What happens to an index fund if the brokerage house ceases to exist?

    Posted: 11 Apr 2019 07:34 AM PDT

    I have some significant money ($1M+) in some very low cost index funds with a certain large brokerage house (don't want to name them to avoid debate of the probability of them ceasing to exist).

    And my cost basis on those index funds is less than half, so liquidating them on short notice will result in a huge tax bill and just throw off all my tax minimization strategies.

    So what does happen in the hypothetical scenario if the brokerage house ceases to exist or the index fund ceases to exist for whatever reason?

    Are the holdings liquidated? Do I get to transfer my portion of individual stock holdings of the index fund to another brokerage house? What is going to happen in such a scenario?

    With individual stock holdings it's a pretty clear process, they can easily move between brokerages without any tax consequences. But what about index funds? What if I just want to move to another brokerage house? Is it possible to take my portion of stocks that were inside the index fund without actually selling anything?

    submitted by /u/taxesmakemyheadhurt
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    Page Duty skyrockets upon IPO increasing 60% on first day of trading

    Posted: 11 Apr 2019 09:55 PM PDT

    https://www.marketwatch.com/story/pagerduty-stock-skyrockets-nearly-60-on-first-trading-day-after-ipo-2019-04-11

    Thoughts? The only thing I can say is this really shows that if you are going to trade actively in IPOs then you need to be willing to look at all the new IPOs rather than just the hot ones like LYFT, UBER etc. A mostly unknown company could end up being a really good investment.

    EDIT: Pager Duty in title, can't edit it. Don't bash me reddit!

    submitted by /u/Throwawayacct449394
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    FYI: New .059% "Advisory Platform Fee" on Wells Fargo Advisors accounts.

    Posted: 11 Apr 2019 02:18 PM PDT

    Effective April 2019. This is on top of the taxable account fee, $175 (unless you have $250k+ where it will be waived). I inherited an Advisors account and was looking to make a few trades. Turns out you can't do that online. Have to talk with a broker. But that started me down the rabbit hole of looking at account agreements and fees.

    Then you have $7 transaction fees, a $250 "Deposit/Withdrawal at Custodian" fee (as far as I can tell, this occurs when you transfer securities to a different broker), and then a "Safekeeping Fee" (applies for restricted stock, as well as "unrestricted stock eligible to be held in street name"). Fees don't show up on my account statement so I have no idea what I'm actually paying. My advisor will be telling me that shortly though. Contingent on that answer, I may or may not be closing the WF account.

    Suffice to say I wasn't pleased with WF when I saw the withdrawal fees, and even less so when I saw they tacked on an additional .059%. I doubt they're going to explicitly inform of you this.

    submitted by /u/hotels_on_atlantic
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    Hey All! Any canadians here trading US stocks? How do you avoid getting killed on conversion rates. I.E not getting a crap conversion rate from broker. TD always charges like a couple percent above what the current rate is. What brokerage gives you the best rates for this? What do you guys use?

    Posted: 11 Apr 2019 04:33 AM PDT

    Why are both Lyft call and put options down today?

    Posted: 11 Apr 2019 05:59 PM PDT

    Why are both Lyft call and put options down today? Aren't they supposed to go in different directions?

    submitted by /u/NomadRover
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    Intro to Income Share Agreements (ISAs).

    Posted: 11 Apr 2019 08:37 PM PDT

    How safe is Nike? Will the growth continue?

    Posted: 11 Apr 2019 07:14 AM PDT

    I've been considering investing in Nike (NKE), it seems to be a company that survives nearly everything (negative) thrown at it and has a beautiful long term growth history. The youth love Nike and they are growing more and more each day in various sporting disciplines, everybody loves their apparel and on the shoe side of things they print money.

    How safe would you say Nike is? Do you think they have reached their full potential?

    submitted by /u/LimaTheSnake
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    Scorp provides distributions to cover taxes. What can I do with the money that’s safe?

    Posted: 11 Apr 2019 08:10 PM PDT

    Really long story short, I work for an scorp that gives us distributions to cover our taxes. Nothing beyond that. However, it's a decent sum of cash around 15k a year. I typically pay a quarterly tax payment after I get each distribution around 25% just to stay safe on my taxes.

    Is there anything I can do with the money besides put it in an Ally account? Are there tax credit bonds or high yield CD's I should look into? Feels weird to just let it sit in a random Qapital account until next year.

    Thanks in advance!

    submitted by /u/Throwaway20181003pm
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    Interactive broker fee's and bid and ask spreads

    Posted: 11 Apr 2019 07:27 PM PDT

    Hi there, currently saxo bank user but they change fees and increase the spread on the ask and the bid on some stuff.
    Could anyone here tell me the spread on the ask and bid spread on the CFDs on index

    Nasdaq, SP500 and Dax.

    Also if you are too kind, as well for forex EUR/USD GOLD/USD.

    Thank you all.

    submitted by /u/Aaadvarke
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