Daily General Discussion and Advice Thread - January 30, 2022 Investing |
- Daily General Discussion and Advice Thread - January 30, 2022
- Anyone here invest in Uber or Lyft stock? A driver in Southern California with some observations
- Don’t know where else to ask this…
- How can the same shares be traded at different exchanges?
- People who work in service industries, have you noticed a drop in spending?
- Investing for my four month old son
- Why do exchanges need a clearing house?
| Daily General Discussion and Advice Thread - January 30, 2022 Posted: 30 Jan 2022 02:01 AM PST 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! 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] |
| Anyone here invest in Uber or Lyft stock? A driver in Southern California with some observations Posted: 29 Jan 2022 08:37 AM PST Hi there. I drive for Uber in Southern California (Los Angeles westside and South Bay mostly with occasional forays to the Valley, downtown and East LA). I am posting this for investors in Uber and Lyft because this month my earnings driving rideshare have fallen off a cliff. I'm talking about dropping from 2K a week down to $300-$600 a week. I see this sentiment repeated by other rideshare drivers in the relevant subs and it seems to be happening around the U.S. in all regions. So I'm guessing that each company's revenue from rides (at least in the U.S.) has plummeted this month. I"m not sure that's germane to the long-term prospects of each stock but wanted to warn the community that, based on my experiences, each company's U.S. revenue is likely to shrink this month (and possibly for the fiscal quarter). This is my first post in this sub, so please give me feedback about whether this is worth posting. [link] [comments] |
| Don’t know where else to ask this… Posted: 30 Jan 2022 03:48 AM PST You all seem like way more financially literate people than me. So I will try my question here. It's about foreign currency exchanges. Right now I earn income in Swedish Krona (where I live) and pay some bills in USD in which I use a money transfer service. I can never tell if the USD is stronger or if Swedish Krona is stronger. In fact, I don't even know what that term means. If one is stronger, what indicates it? Does that mean it stretches further if I transfer accounts? For example, would the Swedish Krona be stronger one day and I transfer to my USD account and I can pay a little more off a credit card that month compared to a month before but with the same transfer amount? I'm so confused! [link] [comments] |
| How can the same shares be traded at different exchanges? Posted: 29 Jan 2022 01:06 PM PST I can buy the same stock on, for example, both NYSE and FRA, if it is listed on both. However, just because the stock is listed on both exchanges, doesn't mean that the shares outstanding of the issuing company increase: therefore, they must be the "same paper" and I should be able to sell my position on a different exchange than I bought it at. But... what does this process actually look like under the hood? If what I said above holds true, then that means that each exchange has a certain subset of shares trading on it at time t. How does an exchange recognize the "validity" of my stock, and how does it even go to a different exchange in the first place? I imagine the responsibility falls on the broker, but could someone please clarify the details? Thanks! [link] [comments] |
| People who work in service industries, have you noticed a drop in spending? Posted: 30 Jan 2022 01:59 AM PST I ask this from a thread regarding Uber drivers and these quotes stood out to me: "I'm a bartender at a restaurant and I've talked to other friends in restaurants and we're all slower than ever. I just think with such a high percentage of people having omicron or being in contact with someone people aren't going out much." " I am posting this for investors in Uber and Lyft because this month my earnings driving rideshare have fallen off a cliff. I'm talking about dropping from 2K a week down to $300-$600 a week. I see this sentiment repeated by other rideshare drivers in the relevant subs and it seems to be happening around the U.S. in all regions." I am anecdotally VERY concerned about consumer spending numbers for quarter 1. January is typically a slow month, but everything looks absolutely deserted on weekends compared to what I've seen for the last 3-4 months. I've seen some restaurants crowded, but in general bars/clothing stores/etc are way less crowded than usual imo especially on weekends. What are your experiences? [link] [comments] |
| Investing for my four month old son Posted: 29 Jan 2022 07:37 AM PST For Christmas my brother gave me a few hundred to invest for my very young son. I also would like to add a recurring deposit to whatever account I start for him. I currently use Robinhood and fidelity for my own accounts, and would like to have his in a separate brokerage so it's on a different app and easier to manage. I am comfortable (and would prefer) with controlling the investment choices as far as what stocks are purchased, assuming this is allowed for custodial accounts. Looking at stockpile after a quick google search, but wanted to see if there were recommended choices out there. Thanks! EDIT: Already have a 529 that has money from me and grandparents going in to. Want to be able to hand him a bit of an investment portfolio when he turns 18. Also, not looking for stock recommendations. Comfortable making those choices on my own. Looking for recommendations for a good brokerage for a custodial account, preferably not with Robinhood or Fidelity. [link] [comments] |
| Why do exchanges need a clearing house? Posted: 29 Jan 2022 07:45 AM PST By definition, all transactions will be flowing over the exchange, and the exchange will be exactly aware both where does transactions are coming from and going to, and what kind of offers and demands there are for a security. As such, any exchange should be perfectly able to do the "clearing", i.e. the actual transfer of ownership and funds, themselves: So why don't they? From what I gathered, exchanges and clearing houses *are* separate entities, even if some companies (Like the NYSE and NASDAQ I believe) have both an exchange and a clearing house. What I don't understand is where the distinction between an exchange and a clearing house comes into play, and why not every exchange could simultaneously be their own clearing house? Furthermore, as a small follow-up question, what kind of legal requirements exist that would only apply to exchanges and clearing houses? This is nothing but a gut feeling, but I'd imagine that if this wasn't a very restrictive space, we would see the existence of far more such companies, instead of the oligopolistic behavior that can be observed at the moment. [link] [comments] |
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