Uber and Lyft's accounting both define drivers as customers, not passengers, and this definition increases their sales $ by over 10% Investing |
- Uber and Lyft's accounting both define drivers as customers, not passengers, and this definition increases their sales $ by over 10%
- Fed nominee Stephen Moore warns of ‘biggest selloff in the stock market in American history’
- Alphabet earnings: $11.90 per share, vs $10.61 per share expected
- Walmart has hinted that it plans to soon offer one-day shipping without a membership fee
- The We Company, formerly known as WeWork, files confidentially for IPO
- U.S. 10 Year Treasury Note rate has dropped over 7% YTD. Despite a strong recovery in the stock market after December 2018, Treasuries are still being snapped up, markets are predicting a rate cut, and inflation remains low.
- Chewy.com files to go public
- High liquidity ETF that tracks S&P500 for EU citizens
- Popular ETFs (S&P, All world etc) with low administrative fees as an European investor
- Economist: Why investors are careful buyers but careless sellers
- CNBC interview of Cathie Woods at Ark Invest
- A funny r/investing post from over two years ago - this is why financial crimes should be prosecuted
- R.I.P. Inflation: The data point the Fed watches for inflation just said there isn't any
- Tesla (TSLA) releases 10Q for Q1’19
- [Newbie here] Please review my Portfolio (M1 Finance) and provide feedback
- Is Buffett still a buy? Wall Street splits on Berkshire Hathaway as annual meeting looms
- Alphabet: Got in late, going to taste the sweet 6% drop, what to do?
- Market Makers
- Shopify has such a high forward PE 417.81. How is it justified?
- Yeti - Up over 100% since IPO. Still a buy?
- Time spent in the market is more important than timing the market.
- Custodial account, E-Trade or Schwab?
Posted: 29 Apr 2019 06:47 AM PDT From Wall Street Journal:
And instead, passengers are called "end-users". These definitions allow them to adjust their sales:
You can see Uber's S-1 filing to the SEC calls passengers end-users:
Uber says there, "Drivers are our customers". [link] [comments] |
Fed nominee Stephen Moore warns of ‘biggest selloff in the stock market in American history’ Posted: 29 Apr 2019 07:15 PM PDT Link: https://www.wsj.com/articles/dow-2400-anyone-11556549091 Moore said that if Trump loses the Dow will crash 91%. Obviously, this is bullshit, but markets do not like it when the Fed's independance is threatened, and it seems like the nominee has a lot of political bias. Do you think this news will affect the market in any way? Not because of his comments, but because a Fed nominee clearly has political bias that could affect his decisions. [link] [comments] |
Alphabet earnings: $11.90 per share, vs $10.61 per share expected Posted: 29 Apr 2019 01:04 PM PDT
https://www.cnbc.com/2019/04/29/alphabet-earnings-q1-2019.html
[link] [comments] |
Walmart has hinted that it plans to soon offer one-day shipping without a membership fee Posted: 29 Apr 2019 12:47 PM PDT |
The We Company, formerly known as WeWork, files confidentially for IPO Posted: 29 Apr 2019 11:56 AM PDT
[link] [comments] |
Posted: 29 Apr 2019 05:23 PM PDT I'm not writing this thread to be all "the market is going to crash", and I hope that the discussion here doesn't go that way either. I'm curious why events have led us to where we are now. Our economic situation is so curious, and so inexplicable by historical standards, that one has to wonder where we strayed. Student loans, increase in bad credit/loans, huge increase in wealth inequality, Europe on the brink of recession, tax cuts, quantitative easing/tightening, Fed rate policy. We could point fingers all day. I don't want this thread to be about pointing fingers. I instead want to talk about where we go from here. The German 10 Year Note is no longer negative, but at less than a single basis point, it's basically negative. How much longer until the EU powerhouse finally falls into a recession? How will the rest of the world react? Further, we've been saved from Brexit until the very fitting date of midnight Halloween. Get your stock market related costumes out. What happens then? If you're not following happenings across the pond, I don't blame you. The gist though is that the UK has been denied access to EU elections/votes in exchange for getting a "long" Brexit extension. The UK has now finally become what they only feared they had become before the Brexit vote, which is also very fitting for a nation whose population (technically 51% of the population) is constantly afraid of taxation without representation. The 3m/10y U.S. curve is no longer inverted, and inversion was short-lived, but it happened. Was that a fluke due to unprecedented QE/QT? Or does current behaviour of the bond market, when juxtaposed with the stock market, hint towards future perverse happenings? How should we react to an all-time high stock market if we're similarly witnessing high demand in the bond market? I truly believe that the US economy will continue to do well, but the stock market has not always followed economic outlook. It is very possible for the market to stagnate or drop whilst the economy prospers. On the positive side, the U.S. economy basically stands alone compared to the rest of the world here. We're the only ones doing well, and we're doing really well. [link] [comments] |
Posted: 29 Apr 2019 09:32 AM PDT |
High liquidity ETF that tracks S&P500 for EU citizens Posted: 30 Apr 2019 03:24 AM PDT Hey guys, I've read through all related threads I could find on this subject. I just want an instrument that mimics the price action of S&P500 (SPX). As a European citizen, this appears to be a tough task as VOO and SPY are out of question. Upon some examination, it would appear my best option is iShares Core S&P 500 UCITS ETF USD (Dist). Was wondering if anyone has a better option? I am with interactive brokers if it makes any difference and definitely have a preference for USD. Thanks in advance for your time! [link] [comments] |
Popular ETFs (S&P, All world etc) with low administrative fees as an European investor Posted: 30 Apr 2019 03:20 AM PDT From what I have understood when you buy an ETF it has an yearly fee that is taken out from it's total value. Correct me if I am wrong: I have 2 etfs worth 100 euro each with an administrative fee 0.1%. On 31 december I will pay in fees 0.2 euro ( 2 * 100 * 0.1) and my total portofolio value will be (assuming it has not grown/shrunk in value) 99.98 euro. I want to invest in the following ETF types:
Best ETFs I have found so far: VWRL / IE00B3RBWM25 (0.25% admin fee) & LCWD / LU1781541179 (0.07% admin fee). Witch one do you recommend and why ?
Currently the best I have found is VHYL / IE00B8GKDB10 but it has 0.29% admin fee. Do you know of any other to recommend ?
The best I have found so far is VG73 / IE00B3XXRP09 with 0.07 admin fee, do you know to recommend another ? Thanks ! [link] [comments] |
Economist: Why investors are careful buyers but careless sellers Posted: 29 Apr 2019 09:41 AM PDT While it focuses on fund managers, there is something applicable to retail investors, here is an interesting piece from The Economist's Buttonwood column this week (emphasis mine): --- Jack schwager was once a moderately successful trader who wondered why he was not an immoderately successful trader. Perhaps if he knew the secrets of trading superstars, such as Paul Tudor Jones or Jim Rogers, he might improve. So he asked them for those secrets. "Market Wizards", his book of interviews with hedge-fund traders, was published in 1989. A second volume soon followed. Both books have since been pored over by a generation of hedge-fund wannabes. They are full of great stories and tips covering a range of investing styles. Yet there are common elements. It is striking, for instance, how little emphasis the wizards put on getting into a position—finding the right trade at the right entry price—compared with when to get out of it. That makes sense. Deciding what and when to sell surely matters at least as much as, and perhaps more than, deciding what to buy. The wizardly injunction to cut your losses and let your winners ride has hardened into hedge-fund doctrine. Even so, it is not widely practised in mainstream investing. Fund managers pay lots of attention to buying decisions. But they are remarkably careless in deciding what to sell. That is the central finding of "Selling Fast and Buying Slow", published late last year by a trio of academics—Klakow Akepanidtaworn of the University of Chicago's Booth School of Business, Alex Imas of Carnegie Mellon University and Lawrence Schmidt of the Massachusetts Institute of Technology—together with Rick Di Mascio of Inalytics, a data firm. They examined the daily turnover of hundreds of portfolios over several years, tracking more than 2m stock purchases and almost as many sales. Buying decisions, they found, were good: the addition of a stock generally improved a portfolio. But selling decisions were bad—so bad that a fund manager would have been much better off choosing a stock to sell at random. The disparity between sales and purchases is explained by the attention given to each. Fund managers are careful buyers. Purchases come at the end of a long period of serious thought and research. But they do not give stock sales anything like the same attention. That is especially true when they are stressed because their portfolio has recently done badly. Instead of deliberating, they use a mental shortcut. Stocks that have done either really well or really badly, and so stick in the mind, are far more likely to be sold. The more inclined fund managers are to sell in this way, the worse they perform. They do not realise that careless selling is harmful, it seems. "Selling is simply a cash-raising exercise for the next buying idea," one told the paper's authors. "Buying is an investment decision; selling is something else," said another. Fund managers sell the stocks that come most readily to mind. Yet they are able to sell wisely, if they pay attention. Sales made when they are focused on information about a stock, for example around the time of an earnings report, are almost as smart as buying decisions, the authors say. The message is clear. If fund managers took more care over selling, they would be more successful. But the world is not arranged in such a way as to make them take that care. They will be asked often for their best buying ideas, but rarely about stocks they own that are ripe for selling. This lopsided approach to decision-making is not confined to fund management. Businesses often spend an age deciding whom to hire but put off thinking about whom to let go until there is a pressing financial need, by which point the decision is likely to be rushed. Why do fund managers take their losses on bad stocks too late and their profits on good stocks too early? A body of empirical research, surveyed by Brad Barber and Terrance Odean of the University of California, finds that individual investors show a strong preference for selling winners over losers. They may be impatient to experience the burst of pride that comes from selling a winner. And they hold on to losers for too long in the hope of avoiding feelings of regret. The type of superstar trader profiled in "Market Wizards" is as likely to sell a currency, commodity or stock short as to buy it. For them, selling is as natural as buying, and requires just as much attention. For his part, Mr Schwager recalls in the book how he lost a lot of money trading soyabeans. He failed to get out of his position when the market moved against him. The decision to buy the beans might not have been a great one. But it was his selling decision that he truly regretted. TL;DR: People tend to do a lot more due diligence when they buy than when they sell. [link] [comments] |
CNBC interview of Cathie Woods at Ark Invest Posted: 29 Apr 2019 09:59 PM PDT https://www.youtube.com/watch?v=AWFjfYa28A0 In this interview, Cathie Woods explains the fund's philosophy of going long in new technology throughout the phrase where the cost is starting to trend down. Investors' view on specific equities may differ, but the philosophy she is talking about has truth in it. [link] [comments] |
A funny r/investing post from over two years ago - this is why financial crimes should be prosecuted Posted: 29 Apr 2019 07:29 PM PDT https://old.reddit.com/r/investing/comments/5n93jc/meet_jacob_wohl_the_teenage_hedge_fund_manager/ Still making a fool of himself and the legal system today! [link] [comments] |
R.I.P. Inflation: The data point the Fed watches for inflation just said there isn't any Posted: 29 Apr 2019 06:46 AM PDT |
Tesla (TSLA) releases 10Q for Q1’19 Posted: 29 Apr 2019 07:18 AM PDT https://ir.tesla.com/static-files/5cb2477b-8dca-479f-9dda-eb3f59fa67e3 Note the $0.2B in regulatory credits which inflated their auto margins FCA deal resulted in $140M in deferred revenue (positive cash impact but not recognized revenue until those cars are delivered in Europe) Essentially there was $0.3B in positive one-time cash flows during Q1 to help dress up the numbers [link] [comments] |
[Newbie here] Please review my Portfolio (M1 Finance) and provide feedback Posted: 30 Apr 2019 12:02 AM PDT Hi all, can you guys review this portfolio and let me know how it looks? I was thinking of having a portfolio which is also not greatly impacted by market crashes like what happened in Oct / Nov 2018 (Or it can quickly recover back). Any feedback would be helpful. I am currently 29, single and looking for higher returns :) TIA. [link] [comments] |
Is Buffett still a buy? Wall Street splits on Berkshire Hathaway as annual meeting looms Posted: 29 Apr 2019 10:26 AM PDT (Reuters) - Two longtime analysts of Berkshire Hathaway Inc appear deeply divided over prospects for the company led since 1965 by billionaire Warren Buffett, in reports issued on Monday ahead of this weekend's shareholder extravaganza. [link] [comments] |
Alphabet: Got in late, going to taste the sweet 6% drop, what to do? Posted: 29 Apr 2019 09:31 PM PDT I can do without the cash for the next few years. Just wondering if I should look for averaging down opportunity, sell or simply hold. Anyone in the same situation or holding this stock? [link] [comments] |
Posted: 29 Apr 2019 03:32 PM PDT I've been wondering how they work exactly, I've seen some videos and explanations for them (like on YouTube, Investopedia, etc.) but I can't figure out one thing. The bid-ask spread seems to be the difference between the highest demanded bid price for someone looking to buy XYZ shares, and the lowest offered ask price for someone willing to sell XYZ shares. So if the bid price was $100 and ask/offer price was $120, the spread would be $100-$120, or $20. According to this video though where I got this example (https://m.youtube.com/watch?v=QqK6H1JPjv0), the market maker then buys for $100 and sells at $120, thus facilitating liquidity and netting the profit. What I don't get is how does the market maker buy from the bidder? In the situation above, wouldn't they have to buy from the supplier of XYZ shares since the supplier is the one selling the shares, and thus wouldn't the market maker have to buy the shares from them for $120 as that's the lowest price the supplier/holder of XYZ shares is willing to offer? [link] [comments] |
Shopify has such a high forward PE 417.81. How is it justified? Posted: 29 Apr 2019 11:40 AM PDT I bought Shop at 120 CAD and still hold it. but their forward PE is so high. I dont understand this stock anymore? I am at 148% of what i paid a year and half ago. and i am not going to sell. [link] [comments] |
Yeti - Up over 100% since IPO. Still a buy? Posted: 29 Apr 2019 12:41 PM PDT I really want to believe in YETI. They have some solid products, some huge margin, and millennials pay extra for their brand. If they expand the brand they could be a rival to a general outdoors stood like Cabellas or REI. But all that said its allready up over 100% from its IPO set price, and that is largely based on their speculation for growth. Is this already priced to risk, or do you think there is still time to jump on the rocket as it soars? [link] [comments] |
Time spent in the market is more important than timing the market. Posted: 29 Apr 2019 11:14 PM PDT I had recently come across this quote while browsing through social media, and I found it to be an interesting and to a great extent, an accurate quote. What are your thoughts on this? [link] [comments] |
Custodial account, E-Trade or Schwab? Posted: 29 Apr 2019 05:39 PM PDT |
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