Daily General Discussion and spitballin thread - November 02, 2021 Investing |
- Daily General Discussion and spitballin thread - November 02, 2021
- Daily Advice Thread - All basic help or advice questions must be posted here. November 02, 2021
- Why is Citi the only major US bank not to recover from the 08 Global Financial Crisis
- Transatlantic Flights Are Set to Boost Oil Demand by a Quarter Million Barrels a Day
- INTC cluster buy by 5/10 directors and CEO
- Construction spending unexpectedly falls in September
- You're not selling. You're buying dollars
- Question on employer provided deferred comp plan vs post tax investing.
- "Purchaser units" strange action, 300% from the previous close LOI
- Investing in individual stock vs. ETF?
- Stocks on multiple exchanges - how to decide which exchange to use
- Should i invest in Tesla stocks
- Thoughts on Investment funds
- Does anyone know about GNENF
| Daily General Discussion and spitballin thread - November 02, 2021 Posted: 02 Nov 2021 02:02 AM PDT 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. November 02, 2021 Posted: 02 Nov 2021 02:01 AM PDT 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]  | ||||||||||||||||||||||||
| Why is Citi the only major US bank not to recover from the 08 Global Financial Crisis Posted: 01 Nov 2021 06:05 PM PDT This chart shows dividend-adjusted returns from CapitalIQ from Jan 1 2007 to today - JP Morgan: 415% - Goldman: 154% - US Bank: 152% - Wells Fargo: 118% - Morgan Stanley: 102% - Bank of America: 19% - CitiGroup: -83% Anyone in banking understand why it has underperformed so much in comparison to peers? I understand some of the banks, especially MS and GS have different asset mixes / specialties, but really surprised at the underperformance compared to the retail banks. edit: formatting [link] [comments]  | ||||||||||||||||||||||||
| Transatlantic Flights Are Set to Boost Oil Demand by a Quarter Million Barrels a Day Posted: 01 Nov 2021 03:58 PM PDT The Biden administration's new vaccine-based travel rules are forecast to boost jet fuel consumption as they bring the U.S. more in line with the European Union, helping revive flights across the Atlantic. The increased transatlantic travel will probably add at least 250,000 barrels a day of crude demand, according to a senior trader at a top oil-trading firm. Bloomberg Intelligence analyst Fernando Valle also expects more than a quarter million barrels of daily crude consumption coming back, thanks to less restrictions on global vaccinated travelers in the U.S. and Europe. "We've picked up a lot on domestic travel and should pick up more than 250,000 barrels a day with easing restrictions on vaccinated travelers," Valle said. Air travel remains a weak spot in the oil market's recovery from an unprecedented crash triggered by the pandemic last year, after flights were grounded worldwide and commuters everywhere started working from home. Air routes between the U.S. and Europe have historically been the world's most profitable for business travel. Under the new rules taking effect Nov. 8, travelers from countries with low supplies of vaccines who aren't traveling on tourist visas, and those under 18, will be exempt from the vaccine requirement. George Dix, an oil analyst at Energy Aspects, sees the boost from the new rules at 200,000 barrels a day of increased oil consumption this quarter. "We expect the main boost to be from U.S.-Europe flights as U.S.-Latin America was already operating close to pre-virus levels, and several other countries in other regions are still some way off from opening up for international flights," Dix said. For airlines, the recovery is coming with a higher cost for jet fuel, denting their earnings. [link] [comments]  | ||||||||||||||||||||||||
| INTC cluster buy by 5/10 directors and CEO Posted: 01 Nov 2021 10:04 AM PDT Some of the directors increased shares owned by over 70%. Seems like relevant news. I don't know what's going on with internally, but these trades happened 5 days after the decent earnings and the subsequent drop of 10%. Don't know why the stock dropped, but considering they beat analyst expectations by 60+% it seems like an interesting value proposition compared to the competition. (values in $B, 2020 annual figures)
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| Construction spending unexpectedly falls in September Posted: 01 Nov 2021 09:48 AM PDT U.S. construction spending unexpectedly fell in September amid declines in outlays on both private and public projects. The Commerce Department said on Monday that construction spending dropped 0.5%. Economists polled by Reuters had forecast construction spending gaining 0.4%. ... Spending on private construction projects decreased 0.5% in September after falling 0.3% in August. Outlays on residential construction dropped 0.4% after nudging up 0.1% in August. Single-family homebuilding spending declined 0.6% and outlays on multi-family housing projects slipped 0.3%. Residential investment contracted for a second straight quarter in the third quarter, weighed down by declines in home improvements and single-family homebuilding. Investment in private non-residential construction like gas and oil well drilling fell 0.6% in September. Spending on structures declined for a second straight quarter in the July-September period, led by commercial and healthcare structures. Spending on public construction projects tumbled 0.7% in September after increasing 1.2% in August. Outlays on state and local government construction projects fell 0.4%, federal government spending plunged 4.3%. https://kfgo.com/2021/11/01/construction-spending-unexpectedly-falls-in-september/ [link] [comments]  | ||||||||||||||||||||||||
| You're not selling. You're buying dollars Posted: 01 Nov 2021 11:14 AM PDT Think about it. You're buying those dollars presumably because they will serve you better than whatever stock your dumping to get them. Do you track the DXY? It can be an opportune time to buy dollars for cheap when the DXY is sinking. Then trade in those dollars on a nice day when the DXY had popped or when SPY is taking a dip. Dollars are not a good holding for the long term, but Gold or Silver can do a great job at reducing the damage of inflation [link] [comments]  | ||||||||||||||||||||||||
| Question on employer provided deferred comp plan vs post tax investing. Posted: 01 Nov 2021 10:27 PM PDT Fact 1: My employer provides us the ability to contribute to a pre-tax Roth IRA with each bi-weekly paycheck. Fact 2: I've just recently discovered SoFi and have been loving the control and fun of investing. Question: Am I crazy to be doing anything but contributing to my Roth IRA since it's pre-tax? I'm not the wealthiest guy but I'm contributing $110 per paycheck. Current annualized rate of return with how I'm invested is 18%. Edit: it's a 403b- Roth IRA. [link] [comments]  | ||||||||||||||||||||||||
| "Purchaser units" strange action, 300% from the previous close LOI Posted: 01 Nov 2021 09:17 AM PDT I never considered myself an expert trader, but I'm used to understanding at least the concept behind the fancy wording of the PRs. Now the situation got me a bit confused. In short, company A signed a LOI to acquire company B to get to the big data market. A, B or C now doesn't matter because the question is more technical. I read the press release and see this part in transaction details:
The question: can they really do it? I might be overthinking but it looks strange. They expect to get to the $0,50 mark in the next 24 months? That's over 300% from today (ok, from the previous close). Is it good for shareholders or something's not right? [link] [comments]  | ||||||||||||||||||||||||
| Investing in individual stock vs. ETF? Posted: 01 Nov 2021 05:25 PM PDT First and foremost I lurk here for ideas, thoughts and news. I find a lot of good material but making sense of it or being able to pick out what might work well for me is tough. Most of the time I find myself asking "where do you all find the time to trade and research like this !?" Of course for those of you in the job field I imagine it's an everyday part of your life but for those investors who don't work in finance/trading etc... what sorts of advice might you have for an about to be 30 year old? More specifically if I'm in a more hands off long-term hold situation. Opposed to stock are ETFs and other similar types of funds my best option for making a decent return on a say 3k of messing around money? Really just hoping to pick some of your money-minded brains. Currently my brokerage is through MLPFS but my 401k is with Fidelity if that helps with any indication of do and don't. I use merril as my riskier play broker and because I bank with BoA it's easier to get funds in and out. [link] [comments]  | ||||||||||||||||||||||||
| Stocks on multiple exchanges - how to decide which exchange to use Posted: 01 Nov 2021 02:29 PM PDT I live in Austria currently, but probably won't forever. So far, I have mostly invested in ETFs, but I have dabbled in some stock picks. I wasn't aware that there was this concept of dual listing, so what I seem to have done so far is to randomly pick an exchange to buy whatever stock I want from. So for example I have a Belgian stock that I've bought on the Düsseldorf exchange even though it's also listed on the Viennese exchange. As far as I can recall there was some sort of weird tax when that company paid me dividends. I'm thinking now that if I had bought in Vienna then maybe that would have been avoided. What I'm asking really is, what are the important differences between buying a stock on X and Y exchange? Is there potentially tax implications? If I buy all of my stock on the viennese exchange now because it's the cheapest with my broker and simplifies tax stuff, would I have a problem if I then moved to Germany, considering the fact that these stocks are also listed on German exchanges? Couldn't I just move the stock to a different exchange (this question doesn't even feel like it makes sense almost)? Thanks for any help. [link] [comments]  | ||||||||||||||||||||||||
| Should i invest in Tesla stocks Posted: 01 Nov 2021 06:47 PM PDT Hello there, i am 15 years and my friends started investing in some small stuff here and there, it made me think and i decided i want to invest aswell, i've been thinking about investing in tesla stocks for a while, imo the graph is rising ( i have no idea what im talking abt) and it went up about 8% today, i am aware its not quick money, but i was thinking of putting around €50 in as soon as i get my €230 paycheck. Should i? [link] [comments]  | ||||||||||||||||||||||||
| Posted: 01 Nov 2021 08:29 AM PDT Interested in the communities general consensus for converting equity gains into PPMs and Private company stock purchases? Looking at Biotech and some software companies, and am familiar with the space as a start-up founder myself, but not quite ready to be a VC. Anybody else move from public markets to private markets? I know a lot of real estate guys go into OTC minerals and resource stocks as speculation, and some real estate syndicates, but I found an interesting biotech opportunity. [link] [comments]  | ||||||||||||||||||||||||
| Posted: 01 Nov 2021 07:10 AM PDT Ganfeng Lithium Co. won a deal to supply Tesla Inc. with lithium products for three years, enabling the car-maker to lock in crucial supplies as prices for battery metals surge. The Chinese company will provide battery grade lithium hydroxide products to the electric-vehicle maker from 2022 to 2024, according to a statement. Ganfeng didn't give a value for the contract in the filing. I also heard the deal was well over 100Million just curious if anyone knows about the company or anything else on this deal and if its worth investing? [link] [comments]  |
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