Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- Dow up nearly 300 points after Trump says he'll meet with President Xi at G-20
- White House Explored Legality of Demoting Fed Chairman Powell
- Not really sure what to do - 6k invested, 17k in savings
- Swelling US corporate debt raises risk of global financial meltdown
- BYND just hit $200 premarket
- Benjamin Graham Investing in Modern Times
- Business insider: Beyond Meat's post-IPO rally surges to more than 680% as short sellers lose hundreds of millions (BYND)
- ECB’s Draghi clears path for more stimulus; S&P 500 futures up 0.65%
- What Are the Consequences of All the Stock Buybacks?
- Bond ETFs in an Era of Rising Rates
- Question About "beating" The Market
- The reason why ETFs have exploded
- Stock portfolio net gain =$0, do I owe any tax?
- Thoughts on Under Armor?
- The Ultimate Buy and Hold Portfolio
- universal basic income speculations
- Portfolio Tracker that keeps track of dividend reinvestment
- Betting against rate cuts
- Fund managers haven't been this bearish since the financial crisis thanks to the trade war
- Taking stock profits
- Dumping $10k in MSFT instead of ETFs
- Muni funds - why cant I find ex-dividend dates?
- I’m confused on what my risk tolerance is- what is the actual risk?
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 18 Jun 2019 05:14 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:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq 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]  |
| Dow up nearly 300 points after Trump says he'll meet with President Xi at G-20 Posted: 18 Jun 2019 07:43 AM PDT |
| White House Explored Legality of Demoting Fed Chairman Powell Posted: 18 Jun 2019 11:05 AM PDT (Bloomberg) -- The White House explored the legality of demoting Federal Reserve Chairman Jerome Powell in February, soon after President Donald Trump talked about firing him, according to people familiar with the matter. The White House general counsel's office weighed the legal implications of stripping Powell of his chairmanship and leaving him as a Fed governor, the people said, in what would be an unprecedented move. A replacement would have to be nominated by Trump and confirmed by the Senate. Trump's team conducted the legal analysis and came to a conclusion that has remained closely held within the White House, the people said, requesting anonymity to discuss internal deliberations. It isn't clear whether Trump directed the legal review, and the people didn't describe the outcome. A White House official who declined to be identified said he wouldn't comment on what he called alleged discussions from months ago. Trump's top economic adviser, Larry Kudlow, said demoting Powell isn't currently under consideration. Fed spokeswoman Michelle Smith said in an email: "Under the law, a Federal Reserve Board chair can only be removed for cause." 'Stuck With You' Bloomberg News reported in December that Trump discussed firing Powell out of frustration over the central bank's interest rate increases. While Trump still regularly expresses his displeasure with the Fed in tweets, talk of removing Powell has subsided. Trump told Powell in a March phone call, "I guess I'm stuck with you," according to the Wall Street Journal. The Federal Reserve Act provides explicit protection for all Fed governors against removal by the president except "for cause.'' Courts have interpreted the phrase to require proof of some form of legal misconduct or neglect of basic duties. A disagreement over monetary policy wouldn't meet that bar. However, it's less clear whether the president can demote a chair, removing him or her from that position while leaving the person as a Fed governor. Scott Alvarez, who served as the Fed's general counsel for more than a decade until 2017, said Powell could still be protected because of changes Congress made to the law four decades ago. Up to that point, the president simply named the Fed chairman from among governors already confirmed by the Senate. But in 1977, lawmakers amended the act, requiring the Senate to confirm chair and vice chair nominees for four-year terms separately from the confirmation of their governorships, which run as long as 14 years. Alvarez said the courts would likely interpret the 1977 change as removing not only the president's unilateral authority to name the chair, but also the ability to dismiss him or her without cause. There is, however, no precedent for such a move and no way to know how the courts would rule if the Fed, or Powell himself, challenged the demotion. Frustrated President The White House legal team developed its analysis after Trump in December privately discussed firing Powell following an interest rate increase that roiled global financial markets. The Fed has raised rates seven times since Trump took office. Fed policy makers are meeting Tuesday and Wednesday. No rate move is expected immediately, though economists and investors generally agree the central bank will cut borrowing costs this year. Powell, who became chairman in February 2018, has drawn Trump's ire for not being more accommodating of his trade war with China. The president has repeatedly complained that the Fed, under Powell, has stymied growth and financial markets by raising rates. "He's my pick -- and I disagree with him entirely," Trump said last week in an interview with ABC News. "Frankly, if we had a different person in the Federal Reserve that wouldn't have raised interest rates so much we would have been at least a point and a half higher." Trump had a casual dinner with Powell and Fed Vice Chairman Richard Clarida in February, Treasury Secretary Steven Mnuchin said at the time. The Fed released a statement shortly after the meeting saying that the group discussed the U.S. economy's performance and outlook, but that Powell didn't share his expectations for monetary policy. 'Law Is Clear' Powell told the CBS News program "60 Minutes" in March that he didn't think it was appropriate to comment on Trump. But Powell also said he doesn't think the president has the authority to fire him. "The law is clear that I have a four-year term. And I fully intend to serve it," he said. Currently, five of the Fed's seven seats are filled, and Trump is weighing candidates for the other two seats. Trump has named four people for two seats on the Fed's board of governors. None of them made it through the Senate. By voicing his frustrations with the Fed, Trump breaks with at least two decades of tradition of presidents refraining from commenting on monetary policy. Presidents, however, have reportedly applied pressure on rates. Former Fed Chairman Paul Volcker recounted in a recent memoir that in 1984, President Ronald Reagan ordered him not to raise rates before elections. Former President George H.W. Bush urged Alan Greenspan to lower interest rates in a June 1992 interview with the New York Times. Trump on Tuesday took his pressure campaign against central bankers to the European Central Bank. The president accused the euro area and China of weakening their currencies to gain an economic advantage, calling out ECB President Mario Draghi for pledging monetary stimulus just before the Fed meeting this week. Draghi said at the institution's annual forum in Sintra, Portugal, that "additional stimulus will be required" if the economic outlook for the 19-nation euro area doesn't improve. (Updates with Kudlow comment in fourth paragraph) --With assistance from Christopher Condon and Justin Sink. https://www.bnnbloomberg.ca/white-house-explored-legality-of-demoting-fed-chairman-powell-1.1274877 [link] [comments]  |
| Not really sure what to do - 6k invested, 17k in savings Posted: 19 Jun 2019 02:46 AM PDT So 2 years ago I posted here asking for advice on how to invest 1k as someone who has no bills to pay and essentially saved up from allowance/ random small jobs. Now I have around 3.7k CAD invested in TD e-mutual funds, and have been putting away $100 into my web broker each month (for the last year) as investment money. As well, I have around 2k USD invested in a US TFSA on 3 stocks. I have around $600 CAD in cash I can use to add to any of these investments. I'm just still unsure as to what to do in terms of increasing the value in my portfolio.. do I buy more of my existing funds? Buy different funds/ ETFs? I consider myself pretty risk tolerant and would like to be as aggressive as possible while I still can. I'm only 22 and feel like I should take these next couple of years to save and invest as much as possible. I have around 17k in savings if that makes a difference. Would appreciate some thoughts/ guidance! [link] [comments]  |
| Swelling US corporate debt raises risk of global financial meltdown Posted: 18 Jun 2019 12:11 PM PDT A newly created index shows corporate debt levels are now even higher than before the dot-com bubble or the global financial crisis [link] [comments]  |
| Posted: 18 Jun 2019 04:07 AM PDT Can't believe the guy who made up efficient-market hypothesis got a Nobel Prize [link] [comments]  |
| Benjamin Graham Investing in Modern Times Posted: 18 Jun 2019 07:46 PM PDT I haven't read the Intelligent Investor but wanted to know if anyone currently uses Benjamin Graham's equations to value stocks and where to find the relevant information (specifically on TD Ameritrade's platform)? Has it worked? How long have you been following his philosophy? [link] [comments]  |
| Posted: 18 Jun 2019 07:20 AM PDT Beyond Meat's post-IPO rally surges to more than 680% as short sellers lose hundreds of millions (BYND) Carmen Reinicke Jun. 18, 2019, 08:48 AM beyond burger Leanna Garfield/Business Insider Beyond Meat gained more than 15% in pre-market trading Tuesday. The jump in shares extended a rally from news of a newly announced ground beef product and shortages of the Impossible Burger. Short sellers have lost hundreds of millions of dollars betting against shares of the plant-based meat alternatives company as its shares have rallied. Watch Beyond Meat trade live. How high will Beyond Meat go? Shares of the plant-based meat alternatives company ballooned more than 15% in pre-market trading Tuesday, continuing a run on news of a new ground beef product and potential shortages from a major competitor. The stock is now sitting around $197 per share, nearly eight times the IPO price of $25. That's a 688% gain since the IPO in early May. The company confirmed Monday that its new plant-based 'ground beef' product will be available in grocery stores starting June 24, which sent shares up as much as 10%. That headline extended a rally from Friday, when a report that restaurants Red Robin and White Castle had experienced shortages of Impossible Burgers, a major competitor to Beyond's burger. Short sellers have absorbed losses totaling $560 million during the stock's meteoric rise, through Monday's close, according to data-analytics firm S3 Partners. Those betting against the stock have had to grapple with extreme borrowing fees as it became more expensive to short the stock than to own it, an 'extraordinarily rare' situation according to Ihor Dusaniwsky, the managing director of predictive analytics at S3. [link] [comments]  |
| ECB’s Draghi clears path for more stimulus; S&P 500 futures up 0.65% Posted: 18 Jun 2019 05:29 AM PDT https://www.cnbc.com/2019/06/18/ecb-president-mario-draghi-speech-sintra-portugal.html ECB President Draghi says it can cut interest rates or provide further asset purchases if required [link] [comments]  |
| What Are the Consequences of All the Stock Buybacks? Posted: 19 Jun 2019 03:48 AM PDT Hi - so people these days are talking about all the stock buybacks which have been occurring, and saying that it's a direct consequence of giving big tax cuts to corporations. I just want to know what major consequences to the markets/economy will result from this? Can someone give me the sober and dispassionate answer, without diverging into griping about the rich-stealing-from-poor diatribes? Will it result in any adverse consequences comparable to something like the sub-Prime crisis, for example? [link] [comments]  |
| Bond ETFs in an Era of Rising Rates Posted: 18 Jun 2019 10:00 AM PDT |
| Question About "beating" The Market Posted: 18 Jun 2019 10:23 AM PDT Is it wrong of me to assume 99 percent of stocks are already priced in? Most stocks are owned by institutions right? And those institutions would have done much more research than retail investors right? So if I have the opposite conclusion of a company, I would likely be wrong? So wouldn't it be better just to buy and hold a index fund? I've been reading a lot of John Boggle's books and it seems quite impossible to beat the market. To be honest what I'm really wondering about is the average returns of people on this sub who don't invest in index funds. [link] [comments]  |
| The reason why ETFs have exploded Posted: 18 Jun 2019 05:53 AM PDT |
| Stock portfolio net gain =$0, do I owe any tax? Posted: 18 Jun 2019 11:51 PM PDT Hi guys, so I started investing recently and I'm curious about how I would be taxed in this scenario: Lets say, I lost $2000 last month, sold that stock, then re-bought the same stock again after a few days and made $2000 back. Now my net gain is $0 in my portfolio, does this mean I won't owe any taxes or do I still need to pay taxes on the $2000 gain? Also, I'm aware of the wash-sale rule. Does this apply to me as well since I re-bought the same stock within 30-days? [link] [comments]  |
| Posted: 18 Jun 2019 07:51 PM PDT What are some thoughts on UA? Is there a price that you would consider investing or is this something that should be stayed away from? Rise and fall and slow rise now again how been interesting to spectate. [link] [comments]  |
| The Ultimate Buy and Hold Portfolio Posted: 18 Jun 2019 11:12 PM PDT https://www.marketwatch.com/story/the-ultimate-buy-and-hold-portfolio-2016-02-18 Is this really the ultimate strategy, or even a sound strategy, when it comes to long term growth? Or is the author full of it? [link] [comments]  |
| universal basic income speculations Posted: 19 Jun 2019 02:06 AM PDT What do you think will be some of the effects of universal basic income? Speculation 1. -People will have more money and more time, then they will have more kids. Population will grow and Real Estate will raise in price. Speculation 2. -People will have more money and more time, they will reasearch the internet about investing and money will flow into the stock market and cryptocurrencies. Speculation 3. - People will have more money and more time. People will try to open their own business and a lot of new small businesses will be created. Speculation 4. -People will have more money and more time. Weed will continue getting bigger and bigger and the marihuana market will be huge. Let me know what you think about it [link] [comments]  |
| Portfolio Tracker that keeps track of dividend reinvestment Posted: 18 Jun 2019 06:24 PM PDT Hello, I have tried the following 4 portfolio trackers Sigfig, Personal Capital, Sharesight and Yahoo Finance. Sigfig is hopelessly outdated and Personal Capital doesn't give a correct picture. Sharesight does a great job in keeping track of dividend reinvestment but it doesn't track investments like VBLTX. Yahoo Finance doesn't keep track of dividend reinvestment. Are there are any portfolio trackers that will track investments like VBLTX as well as take care of dividend reinvestment? I don't mind paying for it if necessary. [link] [comments]  |
| Posted: 18 Jun 2019 11:04 AM PDT Hi there! Am reading a lot of people are thinking the Fed will cut rates soon; however if I believe that rates will stay put, what are some plays that I can make that reflect my viewpoint? Thanks in advanced! Trying to learn :) [link] [comments]  |
| Fund managers haven't been this bearish since the financial crisis thanks to the trade war Posted: 18 Jun 2019 09:05 PM PDT https://finance.yahoo.com/news/fund-managers-most-bearish-since-crisis-112100919.html During the month of June, the average fund manager flipped from overweight global equities to underweight. Specifically, a net 21% of fund managers were underweight, the lowest level since March 2009. That measure represents a 32-percentage point drop month over month, the second biggest one-month drop since the survey's inception. [link] [comments]  |
| Posted: 18 Jun 2019 08:34 PM PDT Today I took profits out from my portfolio. Here is how I approached it. Portfolio has been slowly building over the last 5 years, so yea I've made a bit of money like anyone invested over that time period. Portfolio is heavy on tech and banking. 1) Take profits from any investment that is up at least 20%. 2) For any positions where I am 'long' sell 50% of whatever my gain is. For example if the position is up 40%, sell 20% of the total position. 3) For any positions where I am expecting returns in the short term but don't plan to hold, I withdrew my principle and now just have the gains in play. 4) For all others I set a stop limit that triggers if the position falls to +5%. At the point I dump the entire position. Cash sits on the sideline in a 2.5% APR account waiting for a better entry. I'm sure I didn't get out at the top with most of these, but it feels nice to take some profit. Open to critiques and suggestions. [link] [comments]  |
| Dumping $10k in MSFT instead of ETFs Posted: 18 Jun 2019 06:43 PM PDT I'm new to investing. Yes, I have 401k, I also hold $10k of ICE stock. I'm thinking of buying $10k worth of MSFT stock and holding for 5 years. Over the last 5 years it's value has increased roughly 3 times, ETFs during same period - 2 times. What do you guys think about it? [link] [comments]  |
| Muni funds - why cant I find ex-dividend dates? Posted: 18 Jun 2019 06:19 PM PDT Funds like HYMAX, ETHYX, ORNAX, ABHYX - I cant find any info as to their ex-dividend dates. Although their dividend pay dates are all at the end of the month. [link] [comments]  |
| I’m confused on what my risk tolerance is- what is the actual risk? Posted: 18 Jun 2019 06:11 PM PDT I'm just starting to invest at age 22 for an unknown purpose at this moment. All I know is it's not considered for retirement. I'm about to make my first investment in a mutual fund and I'm not sure which direction I should go because I don't understand what the risks actually are. Overall I consider myself a below average risk tolerance but that might be different with investing. As a lower risk person I do not have the tolerance to bet big and lose all my money or a significant chunk. However, I can withstand volatility to a very high degree knowing it overall means greater returns if I hold out, I would never sell in a panic, especially investing money that I have no time table to pull out on. I looked through some sorted by 10 year gains and they all appear to be riskier growth funds. The problem is I don't know if I'm not seeing a bunch of growth funds that absolutely tanked or if that even happens to growth funds over long terms. Also I think the 10 years leaves out any recessions so they probably are very favorable over that time period. So what is my risk tolerance for investing? If I have unlimited flexibility on pull out date, should I just be going for growth funds at this point? If I do, how prepared should I be for ending up with a net loss if I never panic sell? [link] [comments]  |
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