KABOOM for the R2K and mid-caps. So much for Afghan and the Feds signaling that the tamper is coming soon.
KABOOM for the R2K and mid-caps. So much for Afghan and the Feds signaling that the tamper is coming soon.
Powell sees taper by the end of the year, but says there's 'much ground to cover' before rate hikes
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin tapering before the end of the year.www.cnbc.com
Is your ATER a candidate for tax loss harvesting? As a long-term, buy and hold investor I really can’t tax loss harvest but it looks like a fair number of people in this thread trade more frequently. Just be sure not to trigger a “wash sale” if you repurchase but it could be an strategy for this or other investments that didn’t pan out .
In regards to the fintech space, money should be spread around multiple companies. Established ones like PYPL, SQ have a big lead. Niche companies that are in the BNPL (buy now, pay later) space are having their moment. There will be more winners and some losers in other niche spaces as time goes along. SOFI has a good chance to be a winner but they need a product which separates them from the group. I am most heavily invested in SQ, PYPL. I have a smaller and equal position in SOFI, AFRM, UPST, FISV, MELI, SHOP. I have a much smaller position in CUEN, PSFE, GDOT, GPN, BILL and a few others. The smaller positions are in companies that maybe more of home run swings.$AFRM has been another brutal hold (though it has been on a minor upswing recently). I'm about to be vindicated for hanging on.
Affirm shares soar more than 40% on news of Amazon partnership for buy now, pay later
Affirm shares soar on news of Amazon partnership for buy now, pay later
Affirm's buy now, pay later checkout option will be available to certain Amazon customers in the U.S. starting Friday.
I’d invest in the rurahrah000 fintech fund of those companies as soon as you open it
Hold ARKF in two of our accounts. Very happy with the stock mix.
She has 4-5 in there. Maybe not in the top 10 holdings, but unnecessary to hold any China stocks at this time.
She has a more nuisance and smarter POV on China than your simplistic notion. Watch and learn:
First of all, I like Cathie, but I don't agree with her position that investing in companies that are doing things that the Chinese government "likes" are the winners. The Chinese government has made it clear that they want shared prosperity and that runs counter to capitalism. This would limit the potential ability of any Chinese company to expand to a level of Apple, Tesla, Amazon, Microsoft, etc.
CW has been very deliberate with getting out of most Chinese companies, except for a few that seem to be aligned with the gov goals and objectives. This is very reasonable. China can go only so far with this shared prosperity without tanking their entire economy. As part of a fund, modest exposure is fine.
Yeah, this helps explain the new/young investor mindset:
Yeah, this helps explain the new/young investor mindset:
New investors are breaking the traditional mold when it comes to investing, CNBC survey finds
Investors who have jumped into the market in the last 18 months are younger, more diverse and use tech social media more than their seasoned counterparts do.
With all the BS Internet posts/articles/pumpers/etc. these folks have no clue what they are doing other than riding momentum swings - which works great in a market that keeps going up but the second the market retreats and the party is over it’s going to get ugly.
I would love, love, love a repeat of March 2020. You can make a lot of money during those irrational/emotional corrections.
That’s about the only thing we probably agree on - when it gets that bad gotta buy hand over fist. I always remind myself that the politicians have their fortunes tied up in the stock market just like us and they will never let it fail. My biggest regret is that I didn’t buy more in March 2020 but the market snapped back quicker than anyone imagined. Should get entry point opportunities once the rent forbearance crap ends, stimulus checks run out, and housing bubble starts to deflate. New investors don’t know what a correction feels like.
Corrections, bear markets are healthy for the markets as they allow for new investors to enter the market. In the long run, markets always go up, but corrections are needed to recalibrate the valuations.So desperate for a bear market! LOL.
I wonder how often corrections lead to new investors entering the market. Money on the sidelines re-enters the market, I do think that happens, but I don't think potential new investors are sitting there waiting for a correction. Most people would tell you that's not a great strategy anyways.
Didn't the article you posted the other day note that some advisors are using social media? So I don't think it's accurate to say all social media stock advice is bad advice.
Actually you posted a different article, and yes it does.
Keep saying bubble, bubble, bubble, bubble.....and one day the blind squirrel may finally find that nut.
There is always a bubble. Sometimes it is in certain sectors and sometimes in the entire stock market. Sometimes the bubble bursts and then a new bubble starts. Most often, the bubble slowly deflates and stabilizes.
