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.
- Initial Jobless Claims for Week Ending March 28, 2020 Top 6.6m
- The market should be more worried about a 'second wave' of coronavirus cases, JPMorgan says
- Shares of China’s Luckin Coffee plummet 80% after investigation finds COO fabricated sales
- The end of GameStop
- Carnival Corporation (CCL) ended the trading day with one of the worst percentile declines seen during the pandemic (-33,11%), RCL and NCLH suffer double digit losses too.
- What's on deck for tomorrow:
- If you believe market is going upward from here, what is your strongest argument to justify your position?
- What the heck is going on with Luckin Coffee?
- FTC Sues to Unwind Altria’s $12.8 Billion Investment in Competitor JUUL
- Major shale producer Whiting Petroleum files for bankruptcy
- What’s with the idea that people won’t be going on cruises again?
- All in on cyber security
- Oil price and the Trump's claim that Iran is planning on attack...
- Green businesses with promising futures?
- Thoughts on the oil/commercial shipping markets?
- Has your perception of investing in China changed due to Coronavirus ?
- How to avoid bail ins?
- Obtaining historical financial statements of Coca Cola and Pepsi?
- What books to learn trading like a professional?
- Why did zoom become the default software and is it worth investigating at this point in them?
- (Video) Damodaran Viral Market Update 4
- Question About Quantitative Easing
- This will go down in the history books
- I am going to say it once: if you recently sold your portfolio for anything other than retirement, you are a fucking idiot.
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 02 Apr 2020 05:11 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]  |
| Initial Jobless Claims for Week Ending March 28, 2020 Top 6.6m Posted: 02 Apr 2020 05:33 AM PDT In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous week's level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving average was 2,612,000, an increase of 1,607,750 from the previous week's revised average. The previous week's average was revised up by 6,000 from 998,250 to 1,004,250. See report here. [link] [comments]  |
| The market should be more worried about a 'second wave' of coronavirus cases, JPMorgan says Posted: 01 Apr 2020 02:33 PM PDT |
| Shares of China’s Luckin Coffee plummet 80% after investigation finds COO fabricated sales Posted: 02 Apr 2020 06:08 AM PDT |
| Posted: 01 Apr 2020 07:31 AM PDT GameStop GME reached $3.12 today, the lowest it's ever been in its entire history of being public. It is around a $200m market cap now. GameStop was betting on a turnaround later this year because of the new console release, but COVID-19 seems to have put those plans on a damper. Moreover, with the virus most people won't want to visit a GameStop let alone go outside. What left is there to be bullish on this company? Michael Burry was long on it earlier this year - why? Can the company last even another 6 months? Edit: I am disappointed. This post has become a circlejerk for lambasting GameStop instead of giving any actual analysis. [link] [comments]  |
| Posted: 01 Apr 2020 02:03 PM PDT The company responsible for cruise vacations started the day at $12,60 and ended it on $8,80, a reported decline of 33,11%. Is the company in risk of bankruptcy or will they survive this crisis, thus providing a good investment opportunity for the long term? For context, two other major players in the cruise industry are Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) dropped a total of 19,89% and 12,47% respectively. [link] [comments]  |
| Posted: 01 Apr 2020 05:57 PM PDT Green, Red, or Flat? Here's some stuff happening tomorrow that will determine where we are headed to finish out the week.
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| Posted: 01 Apr 2020 03:41 PM PDT I made a post a few days ago titled " If you believe the market has not yet bottomed out, what is your strongest argument that we still have further down to go? " and I got a lot of interesting comments. I really enjoyed reading them. Maybe others found the comments informative as well. I thought it might be nice to hear what the other side thinks. If you believe the markets have mostly bottomed out and we are going to start an upward trend, what is your strongest argument that we are starting to recover? [link] [comments]  |
| What the heck is going on with Luckin Coffee? Posted: 02 Apr 2020 05:49 AM PDT |
| FTC Sues to Unwind Altria’s $12.8 Billion Investment in Competitor JUUL Posted: 01 Apr 2020 04:25 PM PDT |
| Major shale producer Whiting Petroleum files for bankruptcy Posted: 01 Apr 2020 11:37 AM PDT https://www.startribune.com/big-player-in-north-dakota-oil-industry-files-for-bankruptcy/569286172/
...
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| What’s with the idea that people won’t be going on cruises again? Posted: 01 Apr 2020 08:27 PM PDT You can argue why you shouldn't buy CCL, NCLH, etc. but saying that people won't be taking cruises after this is ridiculous. People fly in planes after 9/11, people drive in cars even though it's one of the leading causes of death annually, etc. cruises will not be extinct in 5 years from now or 50 years from now. Anyone who wouldn't go on a cruise after this are probably the same people who weren't already going flying or cruising due to paranoid or phobias. You can make arguments for why you should or shouldn't invest in them, but saying that their going to be a peice of the past just isn't realistic [link] [comments]  |
| Posted: 02 Apr 2020 03:15 AM PDT Hi guys I will make this short. First time investor 31 years old from U.K. Thinking about the vanguard global all cap ETF as I am investing long term , but I am also thinking in investing in cyber security, would you think it would be a bad idea to invest in one field ? Thanks [link] [comments]  |
| Oil price and the Trump's claim that Iran is planning on attack... Posted: 01 Apr 2020 03:28 PM PDT Apparently, Trump tweeted "Iran or its proxies are planning a sneak attack on US troops and/or assets in Iraq." https://www.cnn.com/2020/04/01/politics/trump-iran-threat/index.html Is this a twisted way of trying to manipulate the oil price??? [link] [comments]  |
| Green businesses with promising futures? Posted: 02 Apr 2020 12:30 AM PDT Hey guys. Are there any new and promising businesses that's investing in making the environment better in the future? I'm thinking tech like wind, solar, waves, oil/gass, food, taking care of garbage and stuff like that. Or what's your go-to environmental investment? [link] [comments]  |
| Thoughts on the oil/commercial shipping markets? Posted: 02 Apr 2020 06:18 AM PDT With oil prices plummeting and countries either stocking up on reserves or looking for storage capacity, expecting high oil tanker demand for foreseeable future. However, I'd also like to short commercial cargo as demand everywhere has plummeted, carriers are furloughing staff, etc. In the US (trading on TOS) it doesn't appear that I can sell short $AMKBY. Any thoughts on how to get short exposure on these foreign shippers? Not seeing many options available either. Thanks! [link] [comments]  |
| Has your perception of investing in China changed due to Coronavirus ? Posted: 02 Apr 2020 06:14 AM PDT People have been saying for years how dangerous it is to invest in China due to fabrication of numbers by the government and businesses. Now, there are reports that China has hidden the true scope of the Coronavirus pandemic for months, ultimately causing it to spread worldwide. We don't even know at this point just how many deaths there are in China and how contained it is at this moment. On top of this, we have news that Lucky Coffee has cooked their books resulting in a near 90% drop in stock price in one day. Even after this is all over, will you still continue to invest in China? [link] [comments]  |
| Posted: 02 Apr 2020 02:22 AM PDT Seeing that between 2015 and 2019 most of the world has adopted bail in regulations (that is any deposits over the government insured amount are taken by the bank, anything below that gets frozen for undetermined time period), the risk of bail ins seems likely in the current crisis. Lebanon is already talking about implementing it: https://www.euromoney.com/article/b1kwbrjj7pczrz/lebanon-depositor-bailin-39may-be-the-only-way39-to-save-the-banking-sector Of course this would provoke massive protest from the public, however the virus has created a situation that would make a bail in more easy to implement for governments: - Banks are closed, meaning people can't go to their local banks and ask for their money. - Withdrawal limits have been implemented in a number of countries, from what I hear Germany and US. In countries like Belgium banks are giving conflicting information if large withdrawals are still possible or not. - Protests are impossible, as mass gatherings are illegal and highly dangerous for any participators. - Police and military have emergency powers, allowing them to put down any protests (for whatever cause) quickly and by any means (that is lethal force). - Media blackout, for national security governments will likely block and punish the spreading of any fake news (that is any information that's not government approved for public consumption, regardless if say news of a bank run is true or not). - Cash money could be banned, to avoid the risk of virus spreading. This will keep people from taking out their money from the banks cash. The switch to digital payments will also make it easier for governments to control the fallout of a bail in. - Financial support for the masses. For example free money handouts, Thailand has already implemented this, I believe Malaysia is looking into it, the US certainly is. This system would allow governments to increase or decrease the income of its population at will. For a millionaire who just had his money taken by the bank $1000 is laughable, but for most people who would lose little in a bank bail in this would be a very generous income, and would offset any losses they might suffer, reducing the risk for them to riot. What is more, they would not want to risk losing this new source of income if they are caught rioting. Another aid being implement globally is to delay bank loan repayments, for most people getting free money and having their loan payments delayed is a huge boon, and they would even prefer this over bail outs (which would benefit the rich, rather than the tax paying masses). As such the virus is creating a perfect storm for a bail in scenario: the banks likely are suffering heavy losses; they are by law allowed to confiscate the deposits from their clients; the public can't do much to protest such a move right now; government actions to limit the virus fallout will make take away the will or need for most people to protest the bail ins. All in all, only a small number of people would greatly suffer from the bail ins (10% would actually lose money), while most of the middle class would be able to survive having their money frozen for a year, and for at least 50% of people it would be a beneficial situation. Seeing as this is r/investing where most people actually have money they'd rather invest than have it taken or frozen by the banks, how to avoid the bail ins? - Brokerage firms seem like the safest bet, since they have no banking license, and thus have to keep their clients' money separate from any liabilities the company might have. For example in 2008 not a single brokerage firm needed a bail out (except one, because the CEO broke the law and gambled with his customers' money). I did see brokers are now offering to spread their clients money over multiple banks, to benefit from interest rates without breaking the government guaranteed amounts, but I imagine this money could get frozen then. - Invest the money on the market. I don't know if assets on a bank trading account would also be bailed in, I think it will, since those shares are technically on the books of the bank, and not in the investor's name (contrary to popular belief). - Keep it cash in a safety deposit box. However with banks being closed getting to the box might be tricky, and risky when other people see you go in and come out with a big bag with Dollar signs on it. - Gold I think is risky because the banks will likely push down the value if people put their money in it, since banks don't like competition, and they've admitted to manipulation gold prices. - Crypto's I think are even more risky because it'll be very easy to make these illegal because they pose a danger to national economic security. - Cash might be safest, although many countries will likely ban larger bills, certainly Europe will ban the 500 Euro bills. Australia is looking to make large cash transactions illegal starting this year, likely other countries will do the same. [link] [comments]  |
| Obtaining historical financial statements of Coca Cola and Pepsi? Posted: 01 Apr 2020 09:31 PM PDT Hi all, I am looking to download scans of all annual reports released by Coca Cola and Pepsi. Unfortunately I can only find reports going back to 1994 on the SEC website. I am not very familiar with accounting, but I assume that there was a change in 1994 that meant they were filed elsewhere or under a different name. Does anyone have advice on finding archived versions of annual financial statements by companies? I need the original reports, not summary statistics or balance sheet data, as I'm interested in figures which are normally stated separately in paragraphs. Massive thanks to anyone who can help. [link] [comments]  |
| What books to learn trading like a professional? Posted: 01 Apr 2020 11:40 PM PDT Hello I am a software engineer who is extremely passionate about finance and trading. I did a course in business economics during the evening last year so I have a basic understanding of balance sheets and so on. But I would like to learn everything people who trade for a living. What book would you recommend me to read to learn how to trade as if it was my job? Btw, I live in Europe so please avoid (if possible) books going a lot in details about US taxation. [link] [comments]  |
| Why did zoom become the default software and is it worth investigating at this point in them? Posted: 02 Apr 2020 05:32 AM PDT |
| (Video) Damodaran Viral Market Update 4 Posted: 01 Apr 2020 06:08 PM PDT https://www.youtube.com/watch?v=L6iMK0Wcykw Summary:
New spreadsheet model linked below along with a new explainer video: https://www.youtube.com/watch?v=F9GfXJ-IrSA Modified company valuation spreadsheet: http://www.stern.nyu.edu/~adamodar/pc/fcffsimpleginzuCorona.xlsx [link] [comments]  |
| Question About Quantitative Easing Posted: 01 Apr 2020 10:58 PM PDT Hi all, I was having trouble wrapping my head around this. I understand that when the government needs to inject liquidity into the market, they begin buying back various assets from big lenders. Some of these assets might be mortgage-backed securities, CDOs, or other debt instruments. My question is this. Suppose some of these assets are very risky. What happens when these debt instruments go into default on the FEDs balance sheet. Does it just get "written off" or "forgiven?" Any feed back is appreciated. [link] [comments]  |
| This will go down in the history books Posted: 02 Apr 2020 07:03 AM PDT We are living in the midst of an unprecedented global pandemic (since the age of industrialization), Oil is the lowest it's basically ever been. Just a wild time to be alive we will he telling our grandkids about this. On that note, it's also the best time in history to start investing. Although it feels like gloom and doom, history tells us that this too shall pass and your returns a year or two from now will be huge. Final note- people are dying and this is is serious. Hearts out to all who are suffering unemployment and sickness. We are going to get through this it will just take time and discipline. [link] [comments]  |
| Posted: 02 Apr 2020 06:53 AM PDT Trying to time the market is the dumbest shit you can possibly try to do. This is a fact. So, seeing so many newbies and old investors on this sub follow the dumbass herd mentality and panic selling or "strategically selling" to buy the dip later, all you people are trying to outperform the market and can't accept a simple fact: coronavirus will hurt an overwhelming majority of your portfolios no matter what you do. The best thing you can do is keep buying into that dip as soon as you have some spare cash, regularly. You don't see a -30% dip every year, and the lower it goes, the cheaper you get the stonks for. Keep averaging down, and in 5-10 years you'll come out of this ahead of the curve. [link] [comments]  |
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