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.
- Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal
- Uber, Postmates Agree on $2.65 Billion All-Stock Deal
- Luckin Coffee Probe Says Chairman Knew or Should Have Known of Fabricated Transactions: Report detailing the internal probe also said Charles Lu didn’t fully cooperate with investigation, according to a person familiar with the matter
- It is a Crowded Market
- DOW futures rise 200 points, ignoring virus fears
- Why did Disney stock under-perform from 2015 to 2019 until the Disney Plus launch hype started?
- [Real Estate] Is it irresponsible to not lever up in such a low interest rate environment?
- Adding individual stocks to portfolio
- Investing in Asian tech ETFs
- Are there any good European growth stocks?
- Luckin Coffee chairman ousted by shareholders: Bloomberg, citing report
- Is dividend investing better than just investing in an index fund like SPY/VOO?
- Fidelity Freedom Index Fund High Turnover Ratio?
- How do I go long on Crypto adoption in Africa?
- With the large gatherings/traveling for the 4th of July, is anyone else thinking the next big downturn will happen in a couple weeks with the probable spike of COVID cases?
- Are there any U.S. Market Indexes similar to the VIX?
- SaaS industry guidance for the next 2 years. What do you think ?
- Buying foreign treasury bonds- advice
- 7/5/2020: Weekly Wrap-up and What to Expect
- Is anyone else concerned with the possibility that the USA may not be the king in the future?
- Is it true that you can eliminate the capital gains tax on stock profits by giving the money to charity?
- Does dividend capture work?
- What kind of investment is this?
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 05 Jul 2020 05:12 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]  |
| Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal Posted: 05 Jul 2020 12:24 PM PDT
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| Uber, Postmates Agree on $2.65 Billion All-Stock Deal Posted: 05 Jul 2020 07:33 PM PDT "Uber Technologies Inc.'s board of directors has approved a $2.65 billion acquisition of food delivery rival Postmates Inc. in an all-stock deal, expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter." Article: https://bloom.bg/3iAlZv5 [link] [comments]  |
| Posted: 05 Jul 2020 08:43 AM PDT An investigation into the accounting misdeeds at Luckin Coffee Inc. has concluded that the company's chairman knew—or should have known—about the fabricated transactions that inflated the Chinese coffee chain's sales last year, according to a person familiar with the matter. A report detailing the internal probe also said that Charles Lu, Luckin's co-founder and chairman, didn't fully cooperate with the investigation, the person said. The monthslong probe was conducted by a special committee of Luckin's board with the assistance of law firm Kirkland & Ellis LLP. It found evidence that Mr. Lu had knowledge of certain related-party transactions that weren't properly disclosed, the person added. Mr. Lu, in an emailed response to a request for comment, said: "Rumor! Not true!" A Luckin Coffee spokesman declined to comment. WSJ NEWSLETTER What's News A digest of the day's most important news to watch, delivered to your inbox. What's News I would also like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time.I agree to the Privacy Policy and Cookie Notice. SIGN UP Three-year-old Luckin, an upstart rival to Starbucks Corp. in China, listed on the Nasdaq Stock Market in May 2019. It revealed just 11 months later that more than $300 million of its 2019 sales were fabricated. The company's American depositary shares are in the process of being delisted from the exchange, and Luckin's market capitalization has fallen below $1 billion, from more than $12 billion in January this year. The Wall Street Journal reported in May that a group of Luckin employees began creating fake sales transactions before the company's IPO, by booking sales of vouchers that could be exchanged for cups of coffee. Some of the vouchers were purchased by individual accounts, but the vast majority were bought during the second half of 2019 by a number of little-known companies, many of which had links to Mr. Lu, according to documents reviewed by the Journal and people familiar with the matter. In addition, a company with ties to Mr. Lu was recorded in Luckin's systems as a supplier of raw material and received payments from Luckin that were approved by its former CEO, Jenny Qian, the Journal's reporting showed. On Sunday afternoon, a crucial Luckin shareholder vote took place in Beijing that crystallized a fight for control of the company's board. Mr. Lu, whose status as Luckin's controlling shareholder has been under threat, had put forth resolutions to remove four directors, including himself and representatives of two other Luckin shareholders, and replace them with his nominees. The result of the vote wasn't immediately known. Last week, Luckin said an internal probe into the accounting misconduct was substantially complete, and that sales were inflated from April 2019 through the fourth quarter—confirming the Journal's earlier reporting. The company said it has decided to terminate a dozen employees who reported to Ms. Qian, the former CEO, or former chief operating officer Jian Liu and who knew of or took part in the scheme, and subject another 15 employees to "disciplinary actions." Luckin said funds supporting the scheme were funneled to the company through a number of third parties associated with its employees or related parties. It said 1.34 billion yuan ($190 million) in costs and expenses were inflated last year, and it is in the process of "terminating relationships with all third parties involved in the fabricated transactions." The company didn't detail Mr. Lu's role in the scheme, but said directors proposed to remove him at a board meeting last week based on "documentary and other evidence identified in the Internal Investigation and its assessment of [his] degree of cooperation in the Internal Investigation." Mr. Lu managed to retain his seat last week, as the board needed a two-thirds majority to push Mr. Lu out. Three of its eight board members who are also executives of Luckin voted against Mr. Lu's removal, according to the person familiar with the matter. On Sunday, the extraordinary general meeting that Mr. Lu called to reconstitute Luckin's board was held in a sprawling commercial complex guarded by tight security. Journalists were barred from entering and told by security guards not to congregate. Mr. Lu's control over the company is in doubt as creditors including Credit Suisse Group AG have moved to seize and sell a chunk of his shares to recoup a $533 million margin loan that he defaulted on. A court in the Cayman Islands last month granted an application by banks to wind up entities holding Luckin shares owned by Mr. Lu and his sister, and another related court hearing is scheduled for July 6. A representative from KPMG, the court-appointed liquidator, attended the shareholder meeting in Beijing, according to people familiar with the matter. [link] [comments]  |
| Posted: 05 Jul 2020 09:53 PM PDT Investors love index funds, yet they have no idea how over-concentrated the major equity indices are in a handful of stocks. When major equity indices are overweight a small number of stocks, it usually signals the end of a Bull market. Today, the major equity indices are more concentrated in a small number of stocks than they have at prior Bull market peaks. Take the largest S&P 500 ETF, symbol SPY, an investible index that matches the S&P 500. The top ten holdings of SPY make up more than 27% of the ETF, while the top six holdings, which comprises of five companies, is nearly 22% of the index. It is even worse for the tech-heavy Nasdaq-100. Take the largest Nasdaq-100 ETF, symbol QQQ, an investible index that matches the Nasdaq-100. The top ten holdings of QQQ make up more than 54% of the ETF, while the top six holdings, which comprise of five companies, is more than 46% of the index. To make matters worse, the top six holdings, which comprises of five companies, in both indices, are the same companies: Microsoft, Apple, Amazon, Facebook, and Alphabet (or Google). The combined market cap of Microsoft, Apple, and Amazon is equal to twenty percent of the U.S. GDP. Ninety percent of all stocks are owned by fifty percent of all households, meaning the wealth of half of U.S. households is concentrated in five companies. Fifty percent of all stocks are owned by ten percent of all households, meaning the wealth of the wealthiest U.S. households is concentrated in five companies. The future of our country is tied to five companies. Five companies. While investors are starry-eyed and see a major Fed-supported Bull market in their futures, no Bull market in history has occurred with a high concentration in the major equity indices to such a small number of companies. When the inevitable Bear market strikes and investors finally decide to sell their index funds, everyone will be selling the same five stocks. July 3, 2020 by Steven Van Metre [link] [comments]  |
| DOW futures rise 200 points, ignoring virus fears Posted: 05 Jul 2020 06:38 PM PDT https://www.cnbc.com/2020/07/05/stock-market-futures-open-to-close-news.html Looks like another green week ahead of us, and more bloody days for bears. It is obvious the market does not care about the virus, and we investors may as well invest as if it never even existed. I started buying SPY calls last week and have been handled really well since. My advice to all investors is to do the same. The upside far exceeds the downside at this point. [link] [comments]  |
| Why did Disney stock under-perform from 2015 to 2019 until the Disney Plus launch hype started? Posted: 05 Jul 2020 05:46 PM PDT I wasn't investing during that time and looking at the charts, I'm just really confused as to why Disney stock under-performed so much during that time period. With huge, record-breaking blockbuster movies like Star Wars and Avengers Infinity War/Endgame getting released during that time period, I would have expected Disney stock to have performed pretty well, but it essentially just traded sideways during that time period until it finally started going up in the months prior to the Disney Plus launch. Can anybody that was paying attention to Disney stock during that time period explain why it under-performed so much and should the reason it under-performed for those years be something to still worry about if investing in Disney now? [link] [comments]  |
| [Real Estate] Is it irresponsible to not lever up in such a low interest rate environment? Posted: 05 Jul 2020 06:57 AM PDT Hello bears of /r/investing, We're looking to buy our first home and were debating how much we should spend on it. I wanted to ask /r/investing to put on their macro hats and predict RE prices for us. Current rates for a 30y fixed mortgage: High balance mortgages: 2.875% (up to ~850k in home price w/ 20% down) Jumbo: 3.25% (850k+) Given inflation at 2% and is probably going to continue at about that rate or go higher, is levering up the responsible thing to do? Interest rates are a mere 0.8% over inflation so it's basically free money. The fed / govt seem intent on keeping the economy going and ideas like MP3 (Monetary policy 3) are being bandied about. Absent structural change to the world order itself, it seems like the US can basically print trillions of dollars without much consequence and they will print + spend to get out of this recession. So if we're not predicting a great depression esque doom and gloom scenario, what's going to happen to asset prices specifically RE? EDIT: Thanks all. This had more responses than I've expected. Reading through them / responding now. [link] [comments]  |
| Adding individual stocks to portfolio Posted: 05 Jul 2020 05:19 PM PDT 27 years old and I have almost exactly $100k saved between my 401k, Roth IRA, and Taxable Brokerage account, so it makes the math here really easy. I have $51k in my 401K tracking the S&P 500 and small caps. I have $28k in my Roth IRA tracking the S&P 500. I have $11k in a few individual stocks I purchased in late March only because they were really good deals at the March lows. This leads to my question: I can't add any more to my 401k this year besides the what's left for the match and I already maxed my Roth IRA (already have emergency fund). For my next paychecks, this would lead me to adding to my taxable brokerage account. I plan on maxing my Roth IRA and 401k every year until I retire which don't follow individual stocks. Considering over my lifetime 99% of my future contributions go to things that track small cap and the S&P 500, do you see anything wrong with putting the next few paychecks into individual stocks that are attractive solely due to the corona virus? Adding individual stocks to my portfolio is not a regular thing, but until there is a vaccine its a short term thing I've been considering only because I can't add more to my TSP and Roth IRA. Thanks [link] [comments]  |
| Posted: 06 Jul 2020 01:49 AM PDT What do people here generally think about ETFs focused on China, Taiwan, South Korea etc? I am in Australia and trying to get a better grasp of how the Asian markets work, if they're worthwhile investments and what sectors to look at. I already have plenty of Australian, American and European equity ETFs in my portfolio. I've seen some mention that Asian (especially Chinese) markets could be a worthwhile hedge or diversification. I'm especially interested in some Asian tech ETFs and tech in general (I'm in a NASDAQ ETF too). It seems like the Asian tech industry in general is doing quite well. I understand the main concern with investing in Asia (particularly China) is the shadiness but I don't know what that looks like in practice - Luckin Coffee? Anybody have any thoughts? [link] [comments]  |
| Are there any good European growth stocks? Posted: 05 Jul 2020 04:22 PM PDT I'm an American investor looking to diversity my investment portfolio. Most of my investments are in American companies, however I'm looking to get more international exposure. I'm invested in $CSPR but honestly not seeing a lot of opportunity for quality growth stocks in the EU. Are there any bullish companies I should be looking into that are based in the EU? And if there are I would love to hear the rationale as to why you think the companies in question are a good investment. $ABB seems like an interesting company but to me it just seems bloated. They are selling assets to pay out dividends and that doesn't lead me to believe its best days are head of it. If someone knows more I would love to be proven wrong. I'm interested in Europe primarily but the same goes for other non-US regions as well. Thanks! [link] [comments]  |
| Luckin Coffee chairman ousted by shareholders: Bloomberg, citing report Posted: 05 Jul 2020 10:10 AM PDT (Reuters) - Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News reported on Sunday, citing Chinese web portal 163.com. Three other board directors including Sean Shao were also removed at an extraordinary shareholders meeting in Beijing on Sunday, the report https://bloom.bg/38slTRo said. Ying Zeng and Jie Yang will be added as independent board directors, the report added. [link] [comments]  |
| Is dividend investing better than just investing in an index fund like SPY/VOO? Posted: 05 Jul 2020 01:40 PM PDT I'm a beginner investor and I've been trying to consume lots of information about investing before I actually get started. I'm highly interested in the dividend strategy because of the compounding ability (I'm very young) and passive income. I'm wondering whether dividend investing is actually better than just investing in the market through SPY or VOO. My investing knowledge is pretty limited but I'll just put my thought process out there. SPY/VOO make around 10% return each year, while a dividend portfolio yields about 3-6%. At the most basic level (again, my understanding is limited), it seems that dividend investing isn't worth it at all. I'd love a good explanation or some research behind the viability of dividend investing as opposed to just buying into the S&P 500. [link] [comments]  |
| Fidelity Freedom Index Fund High Turnover Ratio? Posted: 05 Jul 2020 12:11 PM PDT Can anyone explain why the turnover ratio for the Fidelity Freedom Index Fund all seem to have a high turnover ratio around 77%? Seems odd that a fund that is comprised of 4 basic ETF would have such a high turnover ratio. Am I missing something? Especially when compared to Vanguard which has a turnover of 3% Charles Schwab has a turnover ratio of 4% [link] [comments]  |
| How do I go long on Crypto adoption in Africa? Posted: 06 Jul 2020 04:25 AM PDT Now that smartphones are broadly available across the world for a reasonably low price, many people who have never had a bank account will start buying and selling online. Cryptocurrencies will make it dead easy. Right now African consumers are out of reach for lots of Western tech companies partly because of how difficult and fractured the payments ecosystem over there is. Would you invest in the leading e-commerce platforms? Or HODL? [link] [comments]  |
| Posted: 05 Jul 2020 09:06 AM PDT I know trying to time the market (especially this market) isn't sound investing and I probably won't end up doing it but I'm considering going 100% cash (up about 20% on the year) and waiting to see what the market does. Anyone else thinking this way? [link] [comments]  |
| Are there any U.S. Market Indexes similar to the VIX? Posted: 06 Jul 2020 03:05 AM PDT I was wondering if there are any other indexes that are waves, what I mean by that is, the VIX returns to 10-15 when there is little to no bad news and goes up if there is, forming a sort of wave with a natural resting position. Hence, I am curious whether there are any other indexes similar in this way to the VIX. Thanks! [link] [comments]  |
| SaaS industry guidance for the next 2 years. What do you think ? Posted: 05 Jul 2020 08:26 PM PDT what do you say about SaaS? It has been growing and being overvalued for the last few years You think the SaaS industry still has room to grow? I look at smart sheet, Altryx, BlackLine, Twilio, Shopify, Etsy, Fastly, Coupa, Wix.. etc They all look like crazy numbers. Do you think even the next few years belong to SaaS? Working for the same industry I know for a fact future will be SaaS from a business point of view but the prices they are now at.. already so huge.. what do you think? [link] [comments]  |
| Buying foreign treasury bonds- advice Posted: 05 Jul 2020 07:47 PM PDT Im a relatively inexperienced investor (25M) and I'm interested in putting some of my money into something that will store my wealth and pay me regularly. Bonds seem to be the answer, but the returns on US bonds are essentially 0%. There are some developing countries paying 4% or more in annual returns. I'd like to get into some of these markets but buying bonds isn't as simple as buying stocks on Robinhood. For those of you active in these markets, do you have any advice for someone trying to dip their toes into this process? [link] [comments]  |
| 7/5/2020: Weekly Wrap-up and What to Expect Posted: 05 Jul 2020 06:00 PM PDT Market Movers The S&P 500 increased by 3.6% this week as the U.S. added 4.8M jobs in June, reducing unemployment to 11.1%. However, daily COVID cases continue to hit all-time highs and hospitalizations are beginning to trend up. Deaths, on the other hand, have not seen a parallel spike, but will likely tick up at a slower rate. How should we interpret this information? Here are the details:
WX Capital maintains our view that the stock market will be volatile in the near future. Rising COVID cases and hospitalization levels drag down positive news around state reopenings and reduced unemployment levels. This push and pull will continue for the near future, but positive developments around COVID will likely outweigh negative drawbacks over the long-term. We have added new biotech positions as a natural hedge against the volatility seen in the market due to COVID. Please don't hesitate to reach out with questions! [link] [comments]  |
| Is anyone else concerned with the possibility that the USA may not be the king in the future? Posted: 06 Jul 2020 03:43 AM PDT Is this even possible? Right now, there are almost zero growth stocks outside of the United States. But I worry that in the next decade or so, we'll slip. I'm thinking about diversifying out of the US with say 10% of my portfolio to Europe or perhaps Asia. Am I crazy for thinking this? [link] [comments]  |
| Posted: 05 Jul 2020 09:45 AM PDT I made some good gains this year buying LEAP options and I'm now debating keeping these options Long term or Short term. I'm basically curious to know if for every dollar I give to charity, that dollar can be subtracted from my capital gain tax owed. If this is not accurate, how does giving money to charity directly affect my capital gain taxes? Also, can giving money to family members be considered as charity? [link] [comments]  |
| Posted: 05 Jul 2020 04:25 PM PDT I've design a strategy that could potentially produce a lot of profit. I would find all the stocks with a ex dividend the next day, and buy them. I would use a computer program to analyze rsi. If it's overbought then it will not buy that dividend. The computer buys all these dividend stocks to diversify. I would do this every day and it would circumvent the PDT rule. Would this strategy work? [link] [comments]  |
| What kind of investment is this? Posted: 05 Jul 2020 09:48 AM PDT My girlfriend sent me this link and said she really believed in this company and wanted to invest the $500 into it. What is this investment? Is it just giving them $500 or do you get some stock in the company. I'm all for her investing in companies she truly believes in but I just want to know what it actually is, thanks. https://wefunder.com/anthonys.cookies/ask [link] [comments]  |
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