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.
- Disney stock up 3.35% as Shanghai Disneyland tickets sell out in minutes
- Why the stock market is going up even as unemployment goes up
- US unemployment rate reaches 14,7% in April
- The personal savings rate has nearly doubled between February-March
- Oil Crash Busted Broker's Computers and Inflicted Big Losses
- The new age of Monetary Policy: an in-depth analysis of Federal Reserve Policy in the 2008 and 2020 financial crises
- [Bloomberg] United Air Pulls $2.25 Billion Junk-Bond Deal on Weak Demand
- Did Commission-free trading make you trade more often?
- Best Twitter Account Lineup for Investing News?
- Do non-daily inverse ETFs exist?
- Six weeks ago, I went long on DIS, RCL, NCLH, AMC, RGS, SIX, RFIN & RMAX. Anyone else betting on recovery in stocks that are slammed by Covid-19?
- J.C. Penney to file for bankruptcy as soon as next week, sources say
- CFD Mechanics
- 2019/2020 current YoY performance of S&P 500 different sectors and stocks
- Question: 95% can't beat the market. So what's the deal with value investing?
- Epic Fail
- Dividend Cuts and Suspensions - Week of May 3, 2020
- Who is the Federal Reserve buying bonds from?
- Made a program to build a portfolio based on various factors
- Who is still shorting the market?
- (Crosspost) Investing in Stocks - Should I buy preferred shares?
- ELI5: How can the S&P be so high right now?
- Can anyone recommend a decent Broker w/ fractional shares?
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 08 May 2020 05:13 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]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disney stock up 3.35% as Shanghai Disneyland tickets sell out in minutes Posted: 08 May 2020 01:11 PM PDT "Walt Disney stock jumped Friday morning after the company announced that Disney Springs—an outdoor shopping, dining, and entertainment complex outside of Disney World Resort in Orlando, Fla.—will begin a phased reopening starting on May 20. The rest of the Disney World Resort, including theme parks and resort hotels, will remain closed, the company said. The announcement came as the company's theme park in China—Shanghai Disneyland—is busy preparing for a reopening on May 11 after a four-month shutdown. Tickets for the reopening—although with limited capacity under government regulations—sold out in minutes after bookings started Friday 8 a.m. local time, a sign that Chinese consumers are ready to pull out their wallets for the entertainment giant as the nation recovers from the coronavirus pandemic." [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Why the stock market is going up even as unemployment goes up Posted: 08 May 2020 09:23 AM PDT I know many of us here are confused by the apparent disconnect between the market and real boots on the ground economy. A report just came out showing over 20.5 million Americans lost their jobs in April. We're now at a a top level unemployment rate of 14.7%. The Dow is up over 350 points as I type this. What CNBC and other media outlets won't tell you in their hacky "Why the stock market is up even with historic job losses" articles, is that quite a few public companies can weather the storm, while many main street businesses will close permanently. In other words, large corporations are essentially "buying out" these small businesses in the long run. Throw in automation and an increasingly specialized workforce, and we are witnessing the acceleration of the 4th industrial revolution, which ultimately benefits Wall Street. While everyone's distracted with bitter partisan politics, global mortality leaderboards and the usual nonsense in popular media, the largest wealth exchange in history is going completely unnoticed right under our noses. I don't think many of us plebs can appreciate the magnitude of what's going on. If I was a conspiracy theorist, which I most definitely am not, I would say they couldn't have dreamt up a more perfect scenario for the wholesale theft of main street businesses. I don't have time to get into the numbers, but that's the gist of it. The smart money knows this. While we may see more dips in the coming months, you can be sure the corporate titans will come out on top as they always do. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| US unemployment rate reaches 14,7% in April Posted: 08 May 2020 05:41 AM PDT Forecasts expected it to be 16% 20.5 million Americans lost their jobs in April vs 22M expected [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The personal savings rate has nearly doubled between February-March Posted: 08 May 2020 06:46 PM PDT https://www.bea.gov/data/income-saving/personal-saving-rate
March 2020, 13.1 % February 2020, 8.0 % January 2020, 7.7 % [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Crash Busted Broker's Computers and Inflicted Big Losses Posted: 08 May 2020 12:32 PM PDT Oil Crash Busted Broker's Computers and Inflicted Big Losses
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| Posted: 08 May 2020 11:01 PM PDT The Evolution of Monetary Policy: Age of the Bailout In the years leading up to 2008 Wall Street had been celebrating massive gains; top finance executives were awarded up to $53 billion dollars in total compensation in 2007. Lloyd Blankfein, former CEO of Goldman Sachs, made $68 million himself. These profits were the result of financial innovations and financial derivatives, specifically mortgage backed securities (MBS). A mortgage backed security is an asset backed security which is secured by a collection of mortgages. The mortgages are aggregated and securitized so that investors can buy them and receive periodic payments similar to a bond's coupon payment. Mortgage backed securities were doing so well in the years leading up to 2008 that lenders were running out of people with good credit to lend to. Everyone was buying and building houses so much so that the real estate market became a bubble and all the prices inflated. At first everyone was celebrating the gains in housing prices, since price increases generally meant profits for home investors, mortgage brokers, and even big banks. Not too long after the party, the real estate bubble burst. Everyone was immediately impacted; mortgage giants, Fannie Mae and Freddie Mac, were on the verge of bankruptcy. Some of the biggest investment banks in the world, each having upwards of $10 trillion assets under management, such as Bear Stearns, Lehman Brothers, and Merrill Lynch were about to collapse. The whole financial sector was in shambles. "In a period of 18 months, Wall Street had gone from celebrating its most profitable age to finding itself on the brink of an epochal devastation." Banks were heavily involved with mortgage securities. Most of these securities were financial derivatives which means they derive their price from an underlying asset. "Banks were creating increasingly complex products, many levels removed from the underlying asset." The first bank to really be shallow waters was Bear Stearns. Bear Stearns was a global investment bank whose main area of business was capital markets, wealth management, and investment banking. In 2008 Bear Stearns had roughly $13 trillion in derivative financial instruments, $2 trillion of which were in options and futures contracts. The company had a highly leveraged balance sheet with a lot of illiquid assets that were potentially worthless. Bear Stearns was the seventh largest securities firm in the world. Since their business was highly intertwined with other huge financial institutions, their potential collapse would be detrimental for the global economy. U.S. Treasury secretary Hank Paulson knew that if Bear Stearns and Lehman Brothers collapsed there would be a domino effect across the financial sector and other huge financial institutions such as Citigroup, Merrill Lynch, and others would fail while consumers would start to lose confidence in the banking sector, more banks would be subject to bank-runs. In order to prevent the worst from occurring the U.S. Treasury Secretary put together a task force which included Jamie Dimon, CEO of J.P. Morgan Chase, Ben Bernake, Chairmen of the United States Federal Reserve, and Tim Geithner, Head of the New York Fed. After pondering possible loans and other solutions in order to rescue Bear Stearns, they deemed that there was no way to save Bear Stearns. This is not because of insufficient capital but because confidence had been lost in Bear Stearns. J.P. Morgan Chase ended up acquiring Bear Stearns for $10 a share, much less than their 52 week high of $133 per share. After Bear Stearns fell the next bank about to collapse was Lehman Brothers. Lehman Brothers was the fourth largest investment bank in the United States. Its CEO at the time Richard Fuld blamed the declining stock price on short sellers. However the short sellers argued that the way Lehman viewed non-liquid assets such as mortgages was disturbing. Fuld refused to accept that the bank essentially had a bunch of junk mortgage backed securities on their balance sheets and tried to solve Lehman's liquidity problem with more cash. He reached out to Warren Buffett to try and secure a loan, but Buffett said it was too risky. Richard even reached out to the U.S. government for a bailout, but Treasury Secretary at the time Henry Paulson refused to bail out Lehman with public tax payer money and instead said that the bank must secure funding from the private sector. Paulson gathered all the CEO's of major banks and told them to come up with a solution for saving Lehman Brothers. Likely contenders to buy out Lehman Brothers were Bank of America and British bank, Barclays. However neither of which were willing to take on the Lehman's real estate assets which were basically worth half of what Lehman was valuing them at. After failing to secure capital, or merge with another bank Lehman Brothers filed for chapter eleven bankruptcy protection on September 15th, 2008. Chapter eleven bankruptcy protected some creditors and most employees. In the bankruptcy agreement, Lehman Brothers' shareholders paid the ultimate price and watched their fortunes from a year prior be worth a fraction of what they were. At the same time Lehman Brothers was crashing, insurance giant American International Group (AIG) and mortgage giants Fannie Mae and Freddie Mac were tumbling down cliffs of their own. James Lockhart, head of the Federal Housing Finance Agency (FHFA) issued a plan to make the two mortgage giants into a conservatorship as government sponsored enterprises. The two mortgage companies were now and still are U.S. government enterprises who facilitate the secondary mortgage market. The United States Treasury Secretary, Hank Paulson, as well as Federal Reserve Chairman, Ben Bernanke, both agreed with the housing agency's decision. On the other hand, AIG executives were assuring everyone that the company was in sound financial standing. At the time, AIG had $1 trillion in assets and roughly $40 billion in cash. In addition, executives argued that they had an extremely profitable business supporting insurance on collateral debt obligations (CDO). A CDO is a financial tool that banks use to package individual homeowners, credit card, and auto loans into securities sold to investors on the market. CDOs at the time were mainly used to refinance mortgage backed securities.. Most of AIG's business was traditional insurance products such as health, life, and home insurance. However during the real estate bubble the company began taking a lot of risks in the form of credit default swaps (CDS). A CDS is a financial exchange agreement where the issuer of the CDS will compensate the buyer if the buyer's asset defaults (similar to investment insurance). Essentially investors were buying credit default swaps as insurance for their mortgage backed securities. Once the real estate bubble popped, everyone came to claim insurance for their MBS that just went bankrupt. AIG had over $500 billion in subprime mortgages on their balance sheet. Its officials were revaluing credit default swaps and losses started to pile up at AIG. By May of 2008 AIG had suffered a first quarter loss of roughly $8 billion, their largest loss ever. Hank Paulson knew that if AIG went bankrupt it would trigger the collapse of financial institutions that bought these credit default swaps. As the MBS tied to the swaps defaulted, AIG was forced to come up with the capital to repay their investors. Shareholders started dumping their shares which made it even more difficult for AIG to produce the capital it needed. Even though they had the assets on their balance sheet to cover the losses, AIG could not liquidate them fast enough before the swaps were due. It was clear that they were about to go bankrupt. Hank Paulson and Ben Bernanke did not want AIG's huge influence to hurt lower and middle class families since AIG sold lots bonds, annuities, and insurance products to these people. An AIG bankruptcy would've hurt lower and middle class families as well as the whole financial sector which owned credit default swaps issued by AIG. They were just too big to fail. So the Federal Reserve along with the U.S. Treasury planned a bailout of an $85 billion loan to AIG. To put that loan amount into perspective, "Eighty-five billion dollars was more than the annual budget of Singapore and Taiwan combined; who could understand a figure that size." The loan itself was not enough to calm the markets. Investors were left puzzled as to why the federal government would bailout one company and not the other. What were the rules for a bailout? Did Hank Paulson's background as a top executive at Goldman Sachs have anything to do with the government allowing Lehman Brothers, a competitor of Goldman, to collapse? These questions forced Hank Paulson, Ben Bernanke, and Tim Geithner, president of the New York Federal Reserve Bank, to come up with a solution to calm confusion. Now with the whole financial sector on the verge of collapsing the Treasury and Federal Reserve came up with a fiscal policy to purchase toxic assets from nine of the largest financial institutions in order to stabilize them. The institutions include J.P. Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of New York Mellon, Merrill Lynch, Bank of America, and State Street Corp. The program to bail them out was known as TARP. However congress was not too attached to the idea of bailing out Wall Street. Republicans saw a bailout as socialism creeping into the United States, and Democrats saw it as Paulson bailing out his Wall Street buddies. Congress voted against TARP and the Dow Jones Industrial Average fell roughly 800 points that day. Paulson, Bernanke, and Geithner went back to the drawing board. Now desperate for a solution Paulson decided to follow the advice of his assistant Neel Kashkari, which was to purchase equity in the nine largest banks in the United States. Paulson reached out to Sheila Bair who was the head of the Federal Depositors Insurance Corporation (FDIC) and told her about the Treasury Department's new plan. Sheila agreed to increase the nine bank's coverage limit. Without wasting any time Hank Paulson, Treasury Secretary of the United States, called all the nine executives together for a meeting at the NY Federal Reserve. "It was the first time - perhaps the only time - that the nine most powerful CEOs in American Finance and the people who regulate them would be in the same room at the same time." Without knowing what the meeting was about, the CEO's of all nine banks had shown up. To stress the severity and seriousness of the meeting, Paulson had brought along with him the Chairman of the Federal Reserve, the president of the NY Fed, and The head of the FDIC. Paulson unveiled his plan to purchase up to $250 million in preferred stock in the leading banks in order to stabilize them and restore confidence. He strong armed all of them into taking the deal even though a few of them claim that they did not need the capital, such as Wells Fargo and J.P. Morgan. He also informed the banks that the collapse of Lehman Brothers will spillover into other banks, Merrill Lynch was of most concern. Paulson agreed to let Merrill get bought out by Bank of America in order to save them. They were sold to Bank of America for $29 per share or $50 billion far from their 52 week high of $88 per share. The banks had agreed to the deal and so did Congress on October 3rd, 2008 President George Bush signed the TARP program into law. The program normalized the big banks and brought back investor confidence in Wall Street. The following year, President Barack Obama introduced legislation that would transform the whole financial regulatory system. This act was known as the Dodd-Frank Wall Street Reform and Consumer Protection Act. One specific provision known as the Volker rule forbids banks from making speculative investments that do not benefit their consumers. This type of overhaul has not been seen in the U.S. financial system since the Great Depression of 1929. In regards to the subprime mortgage crisis, the United States' Congress, Treasury, and Federal Reserve acted appropriately however they should have acted more quickly and effectively like Jerome Powell's Federal Reserve has during the COVID-19 crisis. Some say because of the catastrophe in 2008 and the lessons we have learned, the U.S. Treasury and Federal Reserve acted the way they did in 2020. Thus far, they both have combated the current financial market crisis with immediate action. If the Federal Reserve and Treasury could've bailed out Bear Stearns, Lehman, AIG, and Merrill Lynch the way that they bailed out Boeing, that would have been the best case scenario. In March of 2020 Boeing Co. the airplane manufacturer went to Washington with its hands out begging for a bailout. The company had spent $50 billion on stock repurchases within the past year and now was asking for a $60 billion bailout. Instead of giving the company a direct handout, the Federal Reserve boosted liquidity in the credit markets by purchasing corporate bonds, thus, Boeing was able to secure $25 billion from private investors via the corporate bond market and withdrew its original request for a government bailout. Despite the 33 million unemployed, many people are applauding Jerome Powell and Steven Mnuchin for quickly passing emergency monetary policy measures. Like 2008, these policy measures have insulated the financial markets from total ruin. Author: #$%^#^%, Economist Editor: @#$%!^&*, J.D General Counsel Any constructive criticism, feedback, and opinions are greatly appreciated. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| [Bloomberg] United Air Pulls $2.25 Billion Junk-Bond Deal on Weak Demand Posted: 08 May 2020 04:30 PM PDT It was 11% and secured by older airplanes. Prior related article: United Airlines Slaps 11% Yield on Struggling Junk Bond Sale [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Did Commission-free trading make you trade more often? Posted: 09 May 2020 01:51 AM PDT I am unamerican so I have to pay $10 per trade so I seldom trade. I recently have a cheaper broker that lets me trade at $2.99 per trade and I find myself trading a lot more. I no longer have to subject myself minimum purchases of $4000 to reduce my cost basis and end up trading and speculating a lot more. What about you? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Best Twitter Account Lineup for Investing News? Posted: 08 May 2020 10:19 PM PDT What is the best set of Twitter accounts to follow to simulate the best latest-second investing news feed for the U.S. and global markets? Let's see if we can make an ultimate list: [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Do non-daily inverse ETFs exist? Posted: 09 May 2020 01:14 AM PDT All the inverse ETFs that I know of are daily inverse ETFs designed to track the daily price movement. Do longer term inverse ETFs exist? If not, why don't they exist? Is there a regulatory limitation or mathematical limitation? What's stopping people from creating monthly or yearly inverse ETF? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 08 May 2020 06:07 PM PDT I have ridden this for the last six weeks, and I am up 8% over the six weeks. I went in deeper on NCLH when the ongoing concern note was made. So far, betting on a recovery, and return to normalcy, hasn't hurt me. I looked for anyone that was under 1/3 of their 52 week high (except DIS, which I bought in at $92.79. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| J.C. Penney to file for bankruptcy as soon as next week, sources say Posted: 08 May 2020 11:29 AM PDT (Reuters) - J.C. Penney Co Inc (JCP.N) is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter. https://www.reuters.com/article/us-jc-penney-bankruptcy-exclusive-idUSKBN22K20F [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 08 May 2020 11:57 PM PDT Hey so I'm pretty new to trading and have been experimenting with CFD Bitcoin trading on Trading212. I'm a little confused because I understand the basic idea of a CFD but it seems as though the platform is against you from the beginning. As I currently view Bitcoin on Trading212, u got a market price and sell price of $9816 and a buy price of $9851, a difference of $35 or around 0.36%. By my understanding, this means that if I were to short the price of Bitcoin, the market price would have to drop by at least $35 for me to break even, and if I go long on the stock the market price would have to rise by at least $35 to over $9851 for me to make any profit. Is my understanding here right or am I completely missing the point? (I don't actually intend to trade crypto using CFDs but just using it as an example here - the concept is the same across stocks, fx, etc, by my understanding [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2019/2020 current YoY performance of S&P 500 different sectors and stocks Posted: 08 May 2020 01:51 PM PDT Greetings community, as S&P 500 closed current week, it is now officially slightly higher on year-over-year basis. That particular "milestone" made me to take a closer look of where has money moved during last year, or perhaps more so throughout last few months. The fact that tech sector, mainly FAANG has done exceptionally well, all the while energy, industrials, travel etc has retraced significantly is probably well known for investors. I thought that perhaps it would also be interesting also for community people to take a closer look, how S&P 500 has changed YoY basis on actual performance percent level of detail. Here is the overview picture: https://finviz.com/publish/050820/sec_w52_164141973.png [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Question: 95% can't beat the market. So what's the deal with value investing? Posted: 08 May 2020 08:04 AM PDT I'm a mid 20's kid that's new to investing and trying to figure out what my best course of action will be in terms of investing philosophy. I'm an engineer, have some background in corporate finance and am willing to do the work for a more active investing style. However i can't seem to wrap my head around the following. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 09 May 2020 01:49 AM PDT Anyone else fail to invest during March? The institutions have said that March 23 was likely the bottom. Judging from the recent historic rally, it looks like I missed the boat. Failed to invest at all because I've been busy preparing to migrate and the crash happened literally weeks before our flight and while I was in the thick of preparations. Been kicking myself about it for over a month now. A lot of people have been saying that there will be another crash but I'm afraid there won't be. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividend Cuts and Suspensions - Week of May 3, 2020 Posted: 08 May 2020 06:21 PM PDT Scroll Right to see more info
see the complete list of dividend cuts and suspensions here https://www.reddit.com/r/dividends/comments/fhfgsf/coronavirus_dividend_cut_list/ [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Who is the Federal Reserve buying bonds from? Posted: 08 May 2020 07:12 PM PDT The M2 money supply has been growing like crazy these past few weeks: https://fred.stlouisfed.org/series/M2 According to the Fed's reporting, they have achieved this by only purchasing treasuries & mortgage-backed securities. They have not started purchasing corporate bonds yet.
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| Made a program to build a portfolio based on various factors Posted: 08 May 2020 09:55 PM PDT https://paste.pics/4a912bb105bd2341e9895b9061c89e9e As title states, i used python to build a portfolio based on 3 layers of 'filtering' data. So far the portfolio is up 3.85%. Although it has only been live for 2 days, so very much taken with a grain of salt. Was wondering what kind of metrics and portfolio analytics would be interesting to run on this. Portfolio holds 34 stocks and the URL will show you a screenshot of top 10 holdings with weights. Portfolio beta: 1.068 Happy to answer any questions, thanks! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Who is still shorting the market? Posted: 09 May 2020 03:50 AM PDT Hey guys, Just wondering how many of you here are long and how many are shorting the market to understand the general sentiment of this sub reddit. Ideally would make a poll so let's try to answer this by up voting the "long" or "short" comments below on your overall positions. As I'm writing this Cboe equities put/call ratio is almost at lowest levels of 0.53, which leads me to believe most people are starting to become bullish on equities [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Crosspost) Investing in Stocks - Should I buy preferred shares? Posted: 09 May 2020 12:04 AM PDT I've got around 10K invested currently in a variety of stocks, but I recently found out about 'preferred shares' and I'm very confused even after an hour of reading up on it... So my main question is, why wouldn't I just sell all my Enbridge shares and buy their preferred shares (like TSE: ENB.PF.E) instead? I'm sorry if I don't know much, I'm only 23 and recently paid off my student loans so I'd like to invest while the market is down but I don't really know what I'm doing... Here is what my stock portfolio currently looks like (not including the RRSP from my employer, which is around 8K in US Equity): https://i.imgur.com/y7DsKst.png After tax and general expenses, I have around 3K/month to invest, but I'm honestly just guessing what I should invest in. P.S: [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ELI5: How can the S&P be so high right now? Posted: 09 May 2020 03:49 AM PDT I know the fed keeps lowering interest rates and trying to prop up the stock market, buying junk bonds, but isn't it just too high? The S&P 500 is at the the same price it was in October last year, after all this... to me that just sounds insane Surely there has to be a correction coming? I normally do just DCA but the current situation is making me really uneasy. Also, why is the situation so different in the US compared to the UK? Looking at the FTSE 100, it's still waay down compared to what it was last year - would it make more sense to invest in the FTSE 100 than the S&P 500? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Can anyone recommend a decent Broker w/ fractional shares? Posted: 09 May 2020 03:48 AM PDT So currently I use Robinhood and plan on switching. Yes they do offer fractional shares but when your on a waiting list behind 2.7mil people it's kinda pointless lol. There are companies now that I would love to invest in but don't have the funds to purchase them TSLA, AMZN ect. I've heard M1 Finance has fractional shares and I believe fidelity. Anyways if you guys have any recommendations please let me know! [link] [comments]  |
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