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
- Beyond Meat looks to raise $183.8 million in its IPO
- Tesla plans to launch a robotaxi network in 2020
- Why is everyone so sure that the stock market will always rise in the Long term?
- What caused the Oct-Dec 2018 stock decline?
- What is your favorite undervalued 'long' company?
- US Homes Sales Plummet in March, 2019
- How do you know if your investing strategy is viable long term?
- Quick question about currency hedging
- I Got Scammed by the Cryptocurrency Exchange EZBTC.CA
- What's your success and failure stories? How did you prevail?
- How much do you have saved?
- What is the advantage of a "home bias" when creating a long-term globally diversified portfolio?
- Question about Vanguard minimums.
- REITS endlessly dilute.... what's the appeal here? Why not get a dividend Aristocrat instead?
- Learnings from Jet Airways fiasco
- TIL Starbucks was $4/share in 2008. Now trading at $76
- Global indexing and the ethical implications
- Question on expense ratios?
- Question about Columbia Sportswear (COLM)
- Trading brokers
- How to get started in trading/investing?
- Will GME continue to fall?
- Bridgewater Associates warns about peak US (SPY) (DIA) profit margins
- How does your portfolio composition/asset allocation look currently?
| Daily advice thread. All questions about your personal situation should be asked here Posted: 22 Apr 2019 05:20 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:
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! [link] [comments]  |
| Beyond Meat looks to raise $183.8 million in its IPO Posted: 22 Apr 2019 07:20 AM PDT |
| Tesla plans to launch a robotaxi network in 2020 Posted: 22 Apr 2019 07:53 PM PDT https://techcrunch.com/2019/04/22/tesla-plans-to-launch-a-robotaxi-network-in-2020/ If this ends up working, short Uber and Lyft [link] [comments]  |
| Why is everyone so sure that the stock market will always rise in the Long term? Posted: 22 Apr 2019 05:50 PM PDT Why is everyone so sure that the stock market will always return about 5-7%? What makes people think that what happened since 1970s will happen again for the next 40 years? How safe is index investing then? [link] [comments]  |
| What caused the Oct-Dec 2018 stock decline? Posted: 22 Apr 2019 05:16 PM PDT Stocks dropped around 20% over a mere three months in late 2018. Usually a sustained and major sell off like this has an identifiable, major cause. The market dipped heavily, then rebounded heavily again. So what made major companies in the US worth 20% less in December 2018 as compared to September 2018 or April 2019? edit: Lots of joke answers, anybody got anything serious? [link] [comments]  |
| What is your favorite undervalued 'long' company? Posted: 22 Apr 2019 12:00 PM PDT If you had to pick one for the next 5 - 10 years, what would it be and why? [link] [comments]  |
| US Homes Sales Plummet in March, 2019 Posted: 22 Apr 2019 12:21 PM PDT |
| How do you know if your investing strategy is viable long term? Posted: 22 Apr 2019 07:11 PM PDT I currently have three accounts. An employer 401k, Roth IRA with fidelity and an M1 brokerage. Both the 401k and Roth are 90/10, the 401k is strictly vanguard funds while the Roth consists of fidelity sector mutual funds. My M1 account is more of a fun account and I currently have 20 stocks in a pie. The stock only account is beating the other two considerably and has been doing so for the last few months. So i guess back to my question, how long would it usually take to see if a particular investing strategy you chose will work long term? I am rather weary of holding stocks in a Roth and feel more comfortable with MFs and ETFs but I am re thinking my strategy based upon the returns. [link] [comments]  |
| Quick question about currency hedging Posted: 22 Apr 2019 10:29 PM PDT I have a basic understanding of currency hedging, but I have a question that I find a little difficult to explain. Say I'm a New Zealand investor wanting to invest in US ETFs. I understand that once I hold a non-NZD ETF, hedging will make NZD/USD differences (more or less) invisible to me. BUT, if I have no holdings in non-NZD ETFs AND the NZD is currently depressed against the USD, does the fact that the ETF is hedged provide me any benefit? To bring it into reality, the NZD is currently in the toilet, and I have options of investing in hedged or unhedged vehicles. I know that AFTER I'm invested, the hedging will protect me from further NZD drops, but I'm wondering if it makes any difference to the value of what I get for my money today, if I have no current holdings. Thanks! [link] [comments]  |
| I Got Scammed by the Cryptocurrency Exchange EZBTC.CA Posted: 23 Apr 2019 02:12 AM PDT I wanted to make this post of my experience as a warning to others, especially Canadians as they have limited buying options when investing (speculating) into cryptocurrencies. I understand the subject of cryptocurrencies are polarizing to many, but nonetheless, it's an emerging asset class that deserves discussion because there are many ways to lose your funds. This isn't the fault of cryptocurrencies themselves, but the result of user error, outright scams, social engineering, hacks, or in my case not being up-to-date on current events. There are many scams in cryptocurrencies, but shady exchanges are a classic dating back to the legendary Mt. Gox hack where 850,000 Bitcoins were stolen (worth approximately $4.6 billion at the time of this writing). Or the most recent Canadian QuadrigaCX exchange hack where the CEO allegedly died in India carrying the only private key to 200 million worth of customer funds. It seems that exchange hacks keep propping up in the news, so why then do they keep happening even in 2019? Because users are left with limited choices if they want to acquire cryptocurrency in the safest (ironic) and most convenient manner. In order to buy cryptocurrency, you first have to exchange it for fiat currency (USD, CAD, EUR). You could buy cryptocurrency from one of those Bitcoin ATMs you see at the mall but the fees are exorbitant and quite a few require ID as it is, so why not just sign up for an exchange instead? The next option is to buy them peer-to-peer in person for cash, but people feel unsafe dealing with strangers and large amounts of money. Further, liquidity would be an issue. This led to a boom of many cryptocurrency exchanges offering customers a place to buy and sell with the exchanges acting as the middle-man between users. I've been away from cryptocurrency for a while and only came back recently. I've used the EZBTC exchange in the past without issues and decided I would use them again. What I didn't do upon my return was my homework on any updates/news regarding this exchange which resulted in my ordeal now. I noticed the website had an overhaul that now includes an express option for you to receive faster withdrawals if you deposited larger amounts (first red flag). I opted for the regular option I always used in the past and sent a small amount via eTransfer that was deposited in my account almost immediately (second red flag). In the past, my eTransfers regardless of amount took some time and up to many hours. Nonetheless, I made a purchase and initiated a withdrawal request that still hasn't been sent out to this day, and I am not the only one. A condensed version of my story is that I got worried about my pending withdrawal with EZBTC and my emails/calls went unanswered. The live chat on their website was also disabled. I decided to tweet my situation to @ezBtcCanada and immediately got an email from the owner David Smillie himself urgently telling me to call him on a personal number. He deverified and suspended my account as a result of my tweets @tokenflair for "security reasons". After some talk (me saying I'll delete the tweets) he immediately reactivated and reverified my account again and said that my withdrawal will be taken care of the next day. Fast forward to the next day and my withdrawal is still pending. Calls/texts/email go unanswered again. Live chat is still disabled. I proceed to send another tweet instead. Like clockwork, I get a response from David shortly after and he was livid. He threatened to sue me for defamation if I continued posting about my situation on public forums. I told him I'll be waiting for his letter. He stated that my account would be receiving a lifetime ban and I will not be receiving my withdrawal but I would get an eTransfer refund in 30 days, and all this information would be included in an email I was supposed to receive on Monday April 22, 2019. I still have not received any such email, and my emails/call/texts to him are again being ignored. The saga continues. The most important piece of advice I can give when it comes to cryptocurrency is that what's true today, is not true tomorrow. You must stay up-to-date on current events in cryptocurrency because your investment could be at stake. In my case, EZBTC was exhibiting red flags and had many user complaints that I would have seen had I just done some research prior to sending my money. I was not up-to-date regarding the status of this "exchange". David Smillie (owner of ezbtc.ca) operating under business # 1081627 B.C LTD. currently has 5 ongoing lawsuits against his company for unpaid funds:
You can get the latest information on all pending lawsuits against EZBTC here: https://justice.gov.bc.ca/cso/esearch/civil/partySearch.do List of numerous complaints against David Smillie and EZBTC: https://files.fm/f/23ej52ff (David Smillie sued by Richard Godwin) https://np.reddit.com/r/BitcoinCA/comments/bahzsm/another_bc_lawsuit_filed_against_ezbtc_1081627_bc/ (David Smillie sued by John Roberts) https://np.reddit.com/r/BitcoinCA/comments/99fs6i/2_new_court_filings_against_ezbtc_in_the_past_week/ (More lawsuits) https://np.reddit.com/r/BitcoinCA/comments/8mjtjb/amaa_exowner_of_ezbtc_resigned_when_i_realized_it/ (Ex-CTO of EZBTC blows whistle) https://np.reddit.com/r/BitcoinCA/comments/b53zq3/please_sticky_this_post_im_a_developer_who_worked/ (EZBTC developer blows whistle) https://np.reddit.com/r/BitcoinCA/comments/939ce2/40_days_and_counting_fiat_withdrawal_ezbtcca/ https://np.reddit.com/r/BitcoinCA/comments/926adi/ezbtcca_may_have_gone_bust_toronto_offices_have/ https://np.reddit.com/r/BitcoinCA/comments/973yrz/ezbtcca_is_likely_insolvent/ https://np.reddit.com/r/BitcoinCA/comments/98njea/worth_visiting_ezbtc_offices/ https://np.reddit.com/r/BitcoinCA/comments/901847/concern_regarding_ezbtc/ https://np.reddit.com/r/BitcoinCA/comments/9181nx/banned_from_ezbtcca_chatroomhave_not_rcvd/ https://np.reddit.com/r/BitcoinCA/comments/arnboh/ezbtc_will_my_girlfriend_ever_see_her_money/ https://coiniq.com/ezbtc-review/ https://np.reddit.com/r/BitcoinCA/comments/ao680q/what_are_customers_latest_experiences_with_ezbtc/ https://warosu.org/biz/thread/10773849 https://np.reddit.com/r/BitcoinCA/comments/bfqrv1/fortune_jack_here_regarding_david_smillie_and/ https://np.reddit.com/r/BitcoinCA/comments/b57fq9/ezbtc_terms_of_service_wayback_machine/ https://np.reddit.com/r/BitcoinCA/comments/arfa5x/ezbtc_is_so_fake_check_this_out/ https://np.reddit.com/r/BitcoinCA/comments/95rpl5/to_those_staying_silent_for_ezbtc_defamation/ [link] [comments]  |
| What's your success and failure stories? How did you prevail? Posted: 23 Apr 2019 02:07 AM PDT Essentially the title. I want to know what you did right and what you did wrong. What are your lessons learned and how did you overcome it? [link] [comments]  |
| Posted: 22 Apr 2019 03:21 PM PDT The average Millennial has $26,475 in retirement savings. Do you think that is really true or is this study an inaccurate representation of the current state of affairs? [link] [comments]  |
| What is the advantage of a "home bias" when creating a long-term globally diversified portfolio? Posted: 22 Apr 2019 09:10 PM PDT I've been reading a bit on buy-and-hold investment strategies and I've seen this word thrown around a lot when portfolios are created on a globally diversified basis but then an extra "home-bias" is placed on whichever country/region one plans to retire in. I don't entirely understand the advantage of that? Of course a stronger local economy is always better for you and a stronger local currency similarly increases your spending power abroad but neither of those factors are really relevant from a retirement investment portfolio perspective right? What are the net gains in investing an extra X% in your home country solely because it is your home country? [link] [comments]  |
| Question about Vanguard minimums. Posted: 22 Apr 2019 08:07 PM PDT Just opened a Vanguard Roth IRA. I put in $1100 and bought a target date fund. I want to buy other mutual funds, but they all have the 3k min. Can I set up an auto deposit to buy those or do I have to put $3k in first, then can set up auto deposit? [link] [comments]  |
| REITS endlessly dilute.... what's the appeal here? Why not get a dividend Aristocrat instead? Posted: 22 Apr 2019 11:40 PM PDT Get some coca cola or mcdonalds if you want income? How is endless dilution a good longterm thing? The yields on reits aren't that much higher then "normal" companies [link] [comments]  |
| Learnings from Jet Airways fiasco Posted: 22 Apr 2019 11:38 PM PDT Jet_Airways....Recently 20000 employees lost their job due to sudden shut down of the company. #Impact:
But you know what? One such incident and you are no where!! You laterally feel sucked!! #Learnings: 1. Never ever depend on Single Source of Income or Company Or I would say never ever depend on just 1 thing in Life. Have Multiple Sources of Income. 2. Always work towards Building Yourself Invest money in Making Yourself Irreplaceable. Make yourself such that it's difficult to replace you. 3. Do not feel secure at Job Job is always a Rented House. Rented House is good till the time you Buy your Own. Don't misunderstand between these Job Security is a myth Focus on your Financial Freedom. [link] [comments]  |
| TIL Starbucks was $4/share in 2008. Now trading at $76 Posted: 22 Apr 2019 10:08 AM PDT Why was starbucks valued so low during 2010? I was surprised to see the all-time chart during this weekend.
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| Global indexing and the ethical implications Posted: 22 Apr 2019 09:31 PM PDT How do you guys justify owning a global ETF portfolio knowing that the global indexes contain companies that are a detriment to society, harm the environment and with countries where humans rights are violated and so on? I asked because I have been personally struggling with this one. I am not looking to be convinced otherwise just looking for different views and perspectives. Is this a topic that is often talked in investment? [link] [comments]  |
| Posted: 22 Apr 2019 06:54 AM PDT To get actual returns you subtract the expense ratio from the total returns? So Fund A has returns of 10%, but a 1 % ER, fund B has 9% returns, but no ER. So for that year both funds had an equal return? [link] [comments]  |
| Question about Columbia Sportswear (COLM) Posted: 22 Apr 2019 09:02 PM PDT Been looking through their financials and two things caught my eye: -No R&D expense -No LT debt Does anyone know why this is? Any other companies like this? Genuinely curious because I've never seen this before. [link] [comments]  |
| Posted: 22 Apr 2019 08:55 PM PDT What trading broker do you use? Pros and cons. Which one is best for amateur? [link] [comments]  |
| How to get started in trading/investing? Posted: 22 Apr 2019 08:55 PM PDT I'm a 23 yr old and want to give day trading a try. Here are some questions I have in mind:
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| Posted: 22 Apr 2019 08:46 PM PDT Does it even have a Support Line lol. It just keeps plummeting and I'm not sure whether I should keep Averaging my Shares. What do you guys think? Is it the next Blockbuster of Video Games! [link] [comments]  |
| Bridgewater Associates warns about peak US (SPY) (DIA) profit margins Posted: 22 Apr 2019 02:22 PM PDT |
| How does your portfolio composition/asset allocation look currently? Posted: 22 Apr 2019 09:46 AM PDT Looking to see where the community's at in terms of tactical portfolio mix. Sitting around 60/40, public equities/fixed (just rolling 4 week t-bills). Moved generally away from growth to value/defensive over past two quarters. Concentrated in a few stocks/etfs for public equities: DG, MCD, MSFT, SPY, IEMG. [link] [comments]  |
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