Uh kinda glad I chose VT rather than lean on VOO, though not that the world is doing any better 😂 I just preferred not to bank on one country, even if most US firms are international, and VOO has historically outperformed VT.
Wonder if there's a Hong Kong ETF equivelant of VT? 🤔
Knesset passed "Angels Law" granting tax benefits to high-tech investors in local early-stage startups and to foreign banks offering loans, as some investors consider relocation
I am, despite my general disgust for the "financial sector," doing some #investing in order to protect myself and my family in these very dangerous times. I don't like it, but I was born into #capitalism, and I'm trying to survive.
Anyway, one thing I've learned is more/most ppl don't do this bc a) they don't have the money to spare (the biggest reason), but also b) it takes WAY longer than it should to, eg, sell a mutual fund to cash.
I think trying to protest reddit's asshattery via the blackouts is one tactic, but it appears to be losing a lot of steam for many misinformed reasons. I’m betting there’s a lot of shilling as well....
Everyone said tech was such an awful place to put your money, I stay the course, and now this morning on Bloomberg I see that, remarkably (he!), tech is way up year to date and nigh-everything else is down. Gotta love to see it! 😀💸
"Declining M2 might be benign following a historic expansion in money supply during the pandemic. Then again, it could signal deflationary/recessionary pressures to come."
TIL, it costs $13 to send $20 to your #coinbase wallet. And if you want to sell, it costs $427 to sell one BTC. That is 1.5%, which is on level with management fees of an expensive mutual fund. Just bear this in mind if you're ever tempted to invest in #crypto
🧵 additionally, when you sell on Coinbase they include something called slippage/spread, which means if you buy #BTC on their exchange, it'll be a little more than market rate, but if you sell it'll be about $300 less than market rate (which presumably they also pocket). So your total cost paid to #Coinbase on the sale of one BTC including fees and "spread" is about 2.5%, exceeding the management fees all but the most expensive managed mutual funds. #crypto#investing
I had a very full day, but I did manage to get out for a bunch of walks (and found witch's butter!) and listen to talks for my #AcademicRunPlaylist! (1/9)
Next was a short talk by Erik Loualiche on competition in the stock market at #NBER. Passive #investing can influence where stock prices settle, and the work here gets at how large we can expect that effect to be https://www.youtube.com/watch?v=dUyKPTWFGFg (5/9)
My #options account is currently up 5% (realized gains) year to date (in this crazy #market!!!)
It’s easy to believe handling your own #finances is difficult - or even impossible. Tired old clichés about #investing haven’t kept up with current market and #economic environments - not to mention all the crooks and bank failures, etc.
Take some time everyday to study finance. Keep at it. Over time it will start to make sense.
Here’s to your financial health and well-being.
❤️
Israel approves tax benefits to boost tech as judicial jitters imperil investments (www.timesofisrael.com)
Knesset passed "Angels Law" granting tax benefits to high-tech investors in local early-stage startups and to foreign banks offering loans, as some investors consider relocation
Exclusive: Deutsche Bank tells investors some of their Russian shares are missing (www.reuters.com)
Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them.
Maybe we should go after reddit’s investors and advertisers…
I think trying to protest reddit's asshattery via the blackouts is one tactic, but it appears to be losing a lot of steam for many misinformed reasons. I’m betting there’s a lot of shilling as well....
Chinese tech groups suffer as foreign investors take flight (www.ft.com)
Geopolitical tension and poor economic recovery drive stock price falls and funding shortages
Weekend discussion thread!
What are your Stock or Options plays come Monday? Hang out shoot the shit and make fun of Cramer.