schwab intelligent ETFs are “free” by keeping a good chunk in cash at all times. They make enough off the cash. That high cash typically isn’t good if you’re younger. Better buying a few ETFs and being fully invested and diversified than use their portfolios. They may have changed the cash portion after getting criticism but that’s how it was when it was launched.
$4,400 went into ETFs and $600 in cash. This was $5k that I had sitting in my Schwab checking and decided to invest, so the cash portion doesn’t bother me too much. I’ve historically kept way too much in cash instead of a simple conservative investment vehicle. All my other investments are in ETFs, save for a few mutual funds and a handful of equities.
I was pretty impressed with Betterment when I was using them for my IRA (2-3 years ago). Moved it out because of work restrictions but otherwise probably would have stuck with them.
the schwab issues were only schwab at the time they did it. They weren’t charging a fee so I did a deep dive and figured out they keep a large amount in schwab money market cash. At the time all portfolios carried 10% in cash and the most conservative had over a third in cash. I just hated that hidden fee strategy.
i've read 900 articles on the roboadvisors and pretty much always come back to Wealthfront being the best, at least from a taxable account viewpoint
Pier 1 closing all stores permanently after filing Chapter 11 earlier. Market probably won’t like that tomorrow, though it’s gone green or worse news
not surprising. We need a true surprise bankruptcy or a business we viewed as successful to shock it. we’ve had quite a few already. JC Penney is a major name. At some point the numbers will add up though and you’d think the markets may take notice. Likely just hurt the specific sectors though.
CNN had the Pier 1 news this morning and it didn't seem to be a big deal https://www.cnn.com/2020/05/19/business/pier-1-shutting-down/index.html
Pier 1 was a few months back I thought, this is just them announcing they are giving up on bringing the stores back. JCP is ch11 bankruptcy, they will close some stores, spinoff their real estate and reopen a smaller store footprint.
Yeah the interesting part of that article is that their creditors bumped their credit line by $40m to assist with the liquidation.
He's saying that even though the news was on CNBC this morning nobody noticed because CNBC is a nonfactor in his opinion
Or I was bashing Trumpers and the V shaped recovery day dream. you pick. Or is one and the same I don’t know.
General America does not drive stock markets so I'm not really sure what that has to do with anything.
They do when they panic and the panic has not set in yet. When all the stores start closing and the people that worked in them don’t have jobs to be able to afford to go out to eat and those restaurants close and waiters get let go...... that is when Merica will notice that we should not be trading like it’s January 2019.
That’s fairly common in corporate bankruptcies. Certain lenders or bankruptcy investors will shell out extra liquidity to the company during bankruptcy so they can get a bigger piece of the pie when assets are liquidated and distributed. I’m no expert here but corporate bankruptcy is a very interesting thing and where some people in the financial industry make a ton of money.
It’s called debtor-in-possession financing. DIP lenders typically insist on and obtain priority and various protections
In a previous job that's who my company used for our 401K and I really like them but the company I work at now uses something different. I still use them for my Roth IRA though and am continue doing so because their website is great.
Watching closing bell just now. It was the Moderna and it’s fake news on the vaccine. So we jumped 900 on fake news.
I work in banking/lending and DIP financings suck ass to work on. The only things that brings me joy with these are the office project names, typically dip-related along the lines of “Grizzly”, “Bandit”, “Cope”. That and we listen to Freak Nasty's, “Da Dip” numerous times during the process.
I think you get better leverage as an official day trader, don't you? Higher margin requirement though I would think.
Options man. A fickle beast. I got burned on a few early that basically went to $0, so I started using stop losses to limit downside risk a bit but then that leads to situations like this where I close out the position a day before a 100% gain.
I’m not completely convinced that moderna isn’t a major Ponzi scheme. No products and no revenue with a 28 billion market cap. Sounds a lot more like theranos than anything else. I didn’t see that exact story but read a story where an expert broke down their vaccine press release and tore apart the lack of details.
Annnnnd ohhaithur just watched all of these, correlated their intersection points, has remade them into a single, 26-minute video, and sold it for $104. He could have possibly made $110, but there was a chance he lost $17, so he just took the $104 gain.
Is there a way to do a trailing stop on Options on TDA? I can do them on stocks but don’t see that option for options?
If this China trade war is legit, are there targeted ETFs that bundle stocks that will benefit? If so, please post. I want in now.