Daily General Discussion and spitballin thread - April 02, 2021 Investing |
- Daily General Discussion and spitballin thread - April 02, 2021
- Daily Advice Thread - All basic help or advice questions must be posted here.
- ”Tether's claims that its virtual currency was fully backed by U.S. dollars at all times was a lie," - NYAG
- Investing w/ Climate Change on the Horizon
- BofA Global Research - Bitcoin's Dirty Little Secrets
- ChargePoint (CHPT) Due Diligence
- Canadian Bitcoin ETFs available on Fidelity by enabling International Trading
- Micron Soars On Chip Shortage "Perfect Storm"
- ECB Balance Sheet increased by over €300 Billion in one Week
- Investment in developing countries
| Daily General Discussion and spitballin thread - April 02, 2021 Posted: Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! This thread is for:
Keep in mind that this subreddit, and this thread, is not an appropriate venue for questions that should be directed towards your broker's customer support or google. If you would like to ask a question about your personal situation or if you are asking for advice please keep these posts in the daily advice thread as that thread is more well suited for those questions. Any posts that should be comments in this thread will likely be removed. [link] [comments]  |
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources. 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: NYAG statements
What is tether? Tether) is a 1 to 1 dollar peg cryptocurrency. It accounts for 60-80% of all trading volume on cryptocurrency exchanges. What is the significance of tether? Please read the price manipulation section on it's wiki) page. In a nut shell, tether has been strategically printed (backed by nothing) and used to manipulate the Bitcoin and Cryptocurrency market. There is a high correlation between how much tether is printed and Bitcoin's price. What happens now? This has long been one the cryptocurrency's market biggest fears. That the price increases were mostly due to artificial demand. As to what happens next, I'm not sure, and no one really knows. I can speculate that Powell and Yellen may use this firepower to enact stricter legislation on the cryptocurrency market. Maybe Tether needs to be banned altogether. But if tether is banned what will happen to the artificially inflated Bitcoin/cryptocurrency market? Tether will soon face a quarterly report, filed with the AG, may shed more light on how exactly Tether's money is invested. What are your thoughts on tether and cryptocurrency after this news was released? [link] [comments]  |
| Investing w/ Climate Change on the Horizon Posted: This has honestly bothered me for a while now. I am 26 years old (in the US) with a decent-ish government job and I am slamming money away into a 457(b) program and all that, but I can't help but feel that it might end up being pointless. I hope to retire around 55y/o, but I could envision the market getting wrecked by that time due to climate disasters. I know the market historically averages ~7% per year, but the odds of ideal market conditions continuing to 2050 just seem so low. Does anyone else feel pessimistic about the financial market leading into the future? It just keeps getting harder and harder for me to justify investing rather than leading a better life now while the opportunity is still there... [link] [comments]  |
| BofA Global Research - Bitcoin's Dirty Little Secrets Posted: Key takeaways
Bitcoin supply is artificially scarce, demand drives pricesJust like in other commodities, supply and demand drive Bitcoin prices. But there are twists. Bitcoin output is capped at 21mn coins and supply growth halves every 4 years. It is designed to become increasingly constrained. So demand swings are key to price moves. Indeed, we show major institutional announcements and miner reward cuts have been followed by upward Bitcoin moves. Similarly, flows into the Grayscale Bitcoin Trust (GBTC) appear to lead weekly Bitcoin returns. A while ago, we argued a surge in trading liquidity was a key feature of the asset. Yet Bitcoin remains limited by its complex settlement process (crypto mining), and can just handle 14k transactions per hour relative to Visa's stated 236mn. No good reason to own BTC unless you see prices going upBitcoin has also become correlated to risk assets, it is not tied to inflation, and remains exceptionally volatile, making it impractical as a store of wealth or payments mechanism. As such, the main portfolio argument for holding Bitcoin is not diversification, stable returns, or inflation protection, but rather sheer price appreciation, a factor that depends on Bitcoin demand outpacing supply. Unlike other asset classes, our work shows liquidity bursts measured by the Amihud ratio caused positive Bitcoin returns. Average 10y Sharpe ratio for Bitcoin is about 1.3 despite stellar returns, compared to 1 for NDX. Plus Bitcoin returns are sensitive to increased dollar demand. A net inflow into Bitcoin of $93mn may result in a 1% price rise, while the analogue for gold is more than 20 times higher. Our Bitcoin ESG read: low on E, mixed on S and GFew ESG providers factor Bitcoin exposure into ESG ratings. But its Environmental score is poor: the network emits today about 60mn tons of CO2, the same as Greece. Plus a $1bn fresh inflow into Bitcoin may cause CO2 to rise by the equivalent of 1.2mn ICE cars. As hash power today is mostly in coal-fired Xinjiang, a link between prices, energy demand & CO2 means Bitcoin is tied to Chinese coal. Should prices rise to $1mn, Bitcoin may turn into the world's 5th largest emitter, surpassing Japan. On Social &Governance issues, democratization of money and anonymity of ownership can be positive, as it is helpful in territories with corrupt financial systems and lowers costs by eliminating intermediaries. But negatives outweigh. Anonymity aids nefarious activities. Reprisk, an ESG tracker, found 181 companies faced risks linked to Bitcoin around money laundering, corruption, bribery, fraud, and breaches of data privacy. CBDCs are kryptonite for crypto, but DeFi is intriguingA number of central banks (notably, the ECB) are talking about launching retail digital currencies that may use mainstream technology and operate on mainstream payment rails. Central Bank Digital Currencies (CBDCs) are aimed at protecting CBs against private sector stablecoins (such as Diem), as CBs view Bitcoin et al as (spec) assets, not currencies. Also, the growth of decentralized finance ("DeFi") shows the strength of Ethereum; its computational ability is vital to DeFi applications. Yet Ethereum has similarESG issues as Bitcoin, even if it may have better tools to tackle them. DeFi is interesting, but small and faces challenges in going mainstream. We think it hasn't a compelling lending proposition at present, and its diversification makes it challenging for the mass market. [link] [comments]  |
| ChargePoint (CHPT) Due Diligence Posted: I am not a financial advisor. I just like the stock. What is CharePoint (CHPT)? ChargePoint Holdings is an electric vehicle infrastructure company based in Campbell, California. ChargePoint operates the largest online network of independently owned EV charging stations operating in 14 countries and makes the technology used in it Financial Analysis: Strong Buy: 40% | Buy: 40% |Hold: 20% Low: $28.00 | Median: $39.20 | $46.00 Free Float: 7.68B | Free Float: 151.22M | 52 Week High: $49.48 Why I Like the Stock https://www.cnet.com/roadshow/news/biden-infrastructure-plan-ev-rebates-charging-stations/
- Disney - Apple - Microsoft - Netflix - Target - Whole Foods (Amazon) - Johnson & Johnson - Lyft - FedEx - eBay - GM - MasterCard - Salesforce - Uber - McDonald's - Chevron - Hundreds More
TL;DR - Biden's infrastructure calls for 500,000 charging station nation wide with $174B dedicated to the EV market. CHPT is the leading industry and has many major partners. I like the stock. I don't know what I am talking about. [link] [comments]  |
| Canadian Bitcoin ETFs available on Fidelity by enabling International Trading Posted: You can currently access the Canadian Bitcoin ETFs through Fidelity (no april fools): You first need to enable your accounts for International Trading. You can turn it on here or call them. The three ETF symbols are: "BTCC_U:CA", "EBIT_U:CA" and "BTCX_U:CA". For IRA accounts, you can purchase but you can't do online. Need to call a broker and do over the phone (not big deal). You can't put in stop orders. Commission looks like is $7.95 no matter size but don't quote me on that. BTCC annual expense fee is 1%, EBIT is .75% and BTCX is .4%. AUM is 1 Bil for BTCC, 75mil for EBIT and 51mil for BTCX. GBTC for comparison has a 2% fee and is not an ETF. Share any other brokerages that work in the comments. [link] [comments]  |
| Micron Soars On Chip Shortage "Perfect Storm" Posted: In a time when pervasive chip and semiconductor shortages are snarling supply chains across the globe, it is hardly a surprise that chip giant Micron shares surged more than 5% in premarket trading, after the chipmaker gave a bullish sales and earnings forecast, with analysts positive on pricing trends for dynamic random access memory (DRAM), while highlighting improving demand from enterprise customers. Shares in chip stocks peers also climbed in premarket trading, with Applied Materials up 2.6%, Nvidia gaining 1.5%, and Intel +1.2%. Separately, the WSJ reported that Micron and Western Digital are each exploring a potential deal for Japan's Kioxia. Below, courtesy of Bloomberg, is a snapshot of what analysts said about Micron's stellar results: RBC Capital Markets (outperform, raises PT to $120 from $110) Cowen (outperform, raises PT to $105 from $100) Evercore (outperform, PT $135) Piper Sandler (neutral, PT $90) [link] [comments]  |
| ECB Balance Sheet increased by over €300 Billion in one Week Posted: ECB Balance Sheet as of 19th of March ECB Balance Sheet as of 26th of March. Noticed this unusual increase in the size of the ECB balance sheet. It seems to be related to longer term refinancing operations to euro area credit institutions. Does anyone know any more details as to what is going on here. So far I couldn't find any additional info on this, but it certainly doesn't seem like business as usual. I'd like to know if there is a perfectly good explanation for this, or if this is perhaps a sign of something bigger to come. [link] [comments]  |
| Investment in developing countries Posted: First of all, let me just say that I am 21, I have put some money in stocks but really more like pocket change. This question would be more about learning than to really inform myself for future investments! I have been seeing, for the past few months, a lot of news regarding the Turkish lira and how it lost so much value and how Turkey's economy is in shambles, etc. Not only that but Erdogan doesn't make things easier and might very well take the country to total economic collapse. My question is if it would be reasonable to invest in Turkey. Not necessarily in stocks, since as I said Turkey might face a huge crisis in the near future. I was thinking more in terms of real estate. For example, Istanbul is one of the most beautiful cities in the world, it has and will always have a certain appeal to a lot of people that makes it valuable whatever happens (well, excluding the city itself being destroyed, but kind of unrealistic). So, for a person living in the eurozone like myself, would an investment in real estate in, say, Istanbul, be a good decision? As far as I see it, because the lira devalued so much, it would be much cheaper for someone holding other currencies. Thanks for the help [link] [comments]  |
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