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.
- Stop stressing about which party is better for the stock market: The data shows it doesn’t matter much
- Shanghai’s market operator halts world’s largest IPO by pulling Ant Group’s listing, citing changes in regulatory environment
- Should I get a stock advising service? If so which one? I was thinking about MyWallSt or motley fools stock advisor.
- Ant Financial IPO Suspended
- Ali baba stock falls sharply today
- Is Citigroup severely undervalued?
- High div paying indexes? TSX
- Thoughts on Growgeneration? (GRWG)
- User Growth and Sales Stories Most Similar to Zoom
- ETG Tax-Advantaged Dividend Fund
- Opinions on investing in NIO & other Chinese companies' stocks, morally speaking?
- Corporate OTC (TransOcean) bonds and seniority
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 04 Nov 2020 04:11 AM PST 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]  |
| Posted: 03 Nov 2020 09:45 AM PST https://www.cnbc.com/2020/11/03/are-republicans-or-democrats-better-for-the-stock-market.html For investors worried about how the election will impact their portfolios over the long haul, fear not: Elections have seldom had a lasting impact on equity prices. President Donald Trump has warned that the stock market will crash if former Vice President Joe Biden wins the presidential election. Some market experts have also raised concern about the potential for a "blue wave" if Democrats gain a majority in the Senate, win the White House and keep control of the House. However, history shows that stocks usually do well regardless of which party controls the White House or Congress. "I think people overestimate the importance of politics for investing," said David Kelly, chief global strategist at J.P. Morgan Asset Management. Are Republicans or Democrats better for stocks?Data over the past 78 years shows that party control over either chamber has relatively little to do with long-term changes in the broad S&P 500 stock index. Starting in 1942, the numbers indicate that Republican and Democratic majorities in the House and Senate have had little impact on stock prices in the two years following an election. The same holds true when you look at the number of party seats gained or lost in the House and Senate, against stock prices in the S&P 500 during that period. The data yields similar results for the November to November cycle, which is a gauge of market sentiment to the election, as well as January to January, which shows the actual market performance of the Congress. Presidents and stocksWhere you start to see more of an impact is the combination of party control in both chambers of Congress. Data compiled by LPL Financial shows that beginning in 1950, the average annual stock return was 17.2% under a split Congress, 13.4% when Republicans held both chambers, and 10.7% when Democrats had control. LPL Financial's Ryan Detrick said in a note that "markets tend to like checks and balances to make sure one party doesn't have too much sway," hence the stronger stock performance during a split Congress. But when you broaden it out even further to consider the party of the president in tandem with party control of the two chambers, the trend of a split Congress being best for stocks doesn't always hold true. Sam Stovall, CFRA chief investment strategist, looked at how the market has performed under six political scenarios: a White House and Congress all under the same party, a White House with a split Congress, and a White House and Congress hailing from two different parties. Stovall included election data going back to 1945. Of all the possible combinations, stocks appear to perform best when a Democrat is in the White House and the Congress is split. The second highest returns happen when a Democrat is president and Republicans control the Congress. But ultimately, Stovall said, investors should be wary of reading too much into these numbers. "It's a good example of how you can have data tell whatever story you want," he said. "If you want to favor the Democrats, talk about the presidency. If you want to favor the Republicans, talk about House control." Bob French, director of investment analysis at McLean Asset Management, agrees. "We can go in and slice and dice the data however we want and most of the time come up with whatever answer we want." However the vote plays out Tuesday, Fundstrat's Tom Lee thinks the stock market is poised to take off. "At least 90% of [our] portfolio strategy would be identical under either win," Lee said in a note on Oct. 6. In either case, Lee predicts the outcome of the election will be bullish for stocks. [link] [comments]  |
| Posted: 03 Nov 2020 05:30 AM PST China's stock market operator has pulled the rug from under the largest initial public offering in global finance, calling a halt on the November 5 dual listing of Ant Group's shares in the city's technology board less than 48 hours before the highly anticipated trading was due to start. A meeting earlier this week between Ant Group's senior executives and China's top financial regulators constituted "significant change" in the regulatory environment, which may lead to the fintech company not fulfilling the listing requirements or disclosure rules of the exchange, according to a statement by the Shanghai bourse operator.The Shanghai Stock Exchange has decided to temporarily postpone the listing of Ant Group, the market operator said. Four Chinese regulatory bodies, led by the People's Bank of China, held a meeting yesterday with the top executives of Ant, on the eve of the fintech company are due to make their trading debut in Shanghai and Hong Kong in the world's biggest initial public offering. The regulators met with Ant Group's co-founder Jack Ma, executive chairman Eric Jing and chief executive Simon Hu, according to a statement by the securities regulator, without elaborating on the purpose or content of the meeting. The meeting also included representatives from the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange (SAFE), the currency regulator. "On November 2, 2020, Ma as controlling shareholder of Ant Group and Ant's management team met with Chinese financial regulators," according to a statement from the Hangzhou-based fintech company. "Views regarding the health and stability of the financial sector were exchanged. Ant Group is committed to implementing the meeting opinions in depth and continuing our course based on the principles of: stable innovation; embrace of regulation; service to the real economy; and win-win cooperation. We will continue to improve our capabilities to provide inclusive services and promote economic development to improve the lives of ordinary citizens." [link] [comments]  |
| Posted: 04 Nov 2020 02:46 AM PST Was looking to join one of the two, anyone have any experience with either and if so can you leave a review/ if you recommend it. I know that MyWallSt is cheaper and only recommends one stock a month whereas motley fool recommends two, but still would like to know if Mywallst's recommendations were the same, better or worse. Also I liked the fact mywallst has an app, just for convenience. Let me know if there's another service that's better or if all of them are scams. Thanks! [link] [comments]  |
| Posted: 03 Nov 2020 05:37 AM PST For whatever reason, the biggest IPO in this year will be suspended. Not sure for the actual reason. Maybe it has something to do with US election as the government want to prepare for possible policy change? Edit 1 : Both HK and Shanghai listing will be postponed
https://www.ft.com/content/c1ee03d4-f22e-4514-af46-2f8423a6842e
It might have something to do with new regulation. Seeing as online lending makes up most of Ant's business models. [link] [comments]  |
| Ali baba stock falls sharply today Posted: 03 Nov 2020 09:01 AM PST Hi friends, The Alibaba stock fell sharply today by nearly 10%, erasing most of these past few weeks' gains. It seems to be connected to an affiliate company's, Ant Group. failure to successfully launch its IPO, promised to be the largest in history. Do you believe this is a sign to reduce BABA, sell it, or an opportunity to get more baba stocks at discount. Alibaba is much larger than Amazon in terms of market share, yet the value of its stock is dramatically lower than Amazon's, by a factor of ten. However, alibaba operates in the Chinese market, which everyone agrees is a much less mature and much less transparent market than the US financial market. Ant Group's failure to put their stocks in the Hong Kong stock exchange due to a last moment disclosure issue is a dramatic illustration of the risk associated with investing in China. Where do you people stand on this issue? [link] [comments]  |
| Is Citigroup severely undervalued? Posted: 03 Nov 2020 07:22 AM PST According to Yahoo Finance, Citigroup has: Total Debt (mrq)517.92B, Total Cash (mrq)961.29B, so, Total Cash Per Share (mrq) is a whopping $461.71! Book value per share is $84.48, but market value is only $43 as of today! Their earnings in the most recent quarter is $1.4 per share, multiply that by 4 gives $5.6 per year. $43.65/$5.6=7.79 A P/E under 15 is considered good. Then a P/E at 7.79 should be considered extremely attractive. There is also a dividend of 4.83% based on the current price. [link] [comments]  |
| Posted: 03 Nov 2020 10:00 PM PST Hey boys in somewhat new to investing so don't have greater reference sheets to good high yeild div paying indexes the highest I've found on TSX:XEI @ 5.33% and TSX:zwc @ 8.84%. If you guys know that have a yield of 7+ with mer >.4 please do let me know! [link] [comments]  |
| Thoughts on Growgeneration? (GRWG) Posted: 03 Nov 2020 04:40 PM PST Growgeneration is a hydroponics and organic garden company. Not surprisingly, the marijuana industry is closely linked. Back in august, this company's share value doubled in a matter of days, and is expected to continue to go up in value. Ive done a little of my own research, but I was wondering what you guys think about the potential it has, and whether or not it would be a good investment. I just turned 18 a few months ago and im pretty new to investing, my only education is a highschool level investments class, so Im not exactly good at telling whether or not something is a good investment, but I feel like this company has a pretty good potential. [link] [comments]  |
| User Growth and Sales Stories Most Similar to Zoom Posted: 03 Nov 2020 12:13 PM PST Although I saw zoom's success on the early stages of the pandemic, now I am left just asking myself, "ok, but how much?" With regards to getting a fair representation of a growth outlook, it would not do zoom justice by looking at competitors in the video conferencing space. Instead, I am thinking it would be more fair of picking another growth story that started off as the leader during the early growth stage of a new rapidly adopted technology or service. Does anyone have any ideas on exponential growth companies that is widely adopted and that may show comparable user growth figures and maybe that started off more as a free type of service? (the best I can come up with is Match or Tinder, Netflix, but those are also more consumer focused) Being that it is currently selling at ~50x sales, its likely in large part of the idea that they are expected to come up with future revenue streams, perhaps you may have some other ideas for how to approach valuing zoom prior to them increasing user growth and prior to them coming up with new revenue models. I have thought of a lot of directions on where zoom could go with their overall business, and Eric Yaun has validated such thoughts a couple times. The question still looms - "Yes, but how much and could sales go beyond what the market is currently expecting and just how much in sales is needed to validate its current market value. [link] [comments]  |
| ETG Tax-Advantaged Dividend Fund Posted: 03 Nov 2020 02:48 PM PST Hi all, long time lurker. I know chasing dividend yield is generally frowned upon for long term investing growth but I'm looking a for a medium risk place to stash some cash for 5 to 10 years that is going to do better than a 0.4% interest rate on a HYSA. I'm okay with the risk of a market downturn in that time frame. I've been looking into dividend funds that hold mostly blue-chip stocks and came across ETG. Current dividend yield is about 8.5% a year, paid monthly, but the expense ratio is over 2%, half of which is due to interest on the fund's debt. Considering it's trading 12% below its NAV, has a good monthly yield, but taking into account the high expense ratio, I feel it would be a reasonable mid-term investment. My main portfolio is VTI/VXUS with a few individual picks thrown in and will remain that way but I dislike the idea of money just sitting around aside from the 6 month emergency fund, which remains in a HYSA. Thoughts on ETG or similar fund's like RVT with high yields that are mostly qualified dividends? [link] [comments]  |
| Opinions on investing in NIO & other Chinese companies' stocks, morally speaking? Posted: 03 Nov 2020 08:39 PM PST I got into a discussion today with a friend, and we were talking about NIO. My stance is that you can't trust the CPP or really any Chinese company, morally speaking. His stance is that he's investing in the global company, NIO, which has nothing to do with the CPP since he supports the growing EV market. What's your opinion on investing in Chinese companies, specifically NIO, morally speaking? [link] [comments]  |
| Corporate OTC (TransOcean) bonds and seniority Posted: 03 Nov 2020 02:05 PM PST I am currently looking at TransOcean bonds and they seem to be trading substantially below par, and I am wondering where I could find additional information on each bond - such as a bond prospectus? I've got the ISIN, but I can't seem to find a breakdown on the bonds. I am mainly interested in doing this because I want to figure out their seniority and IF TransOcean goes into bankruptcy that one can expect payment if the bonds are senior. I attached a picture of the bonds that I can access from my trading platform. [link] [comments]  |
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