Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. Fran Tarkenton

    Fran Tarkenton Hilton Honors VIP
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    Wake Forest Demon DeaconsGeorgia Bulldogs

    The Valley

     
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  2. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    Jerome’s first big casualty?
     
  3. BP

    BP Bout to Regulate.
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    Atlanta BravesGeorgia BulldogsAtlanta Falcons

  4. Seavie

    Seavie Loading tweet...
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    Alabama Crimson Tide

    Extremely uninformed opinion and question…
    What caused that bank to fail? Is it anything that could happen to online banks doing high yield savings accounts?
     
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  5. letan

    letan Just looking for the gator board
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    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

  6. BP

    BP Bout to Regulate.
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    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Could you imagine doing the exact opposite of what Cramer said the past years?
     
  7. Whammy

    Whammy Donde es
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    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

    Fuck yeah! That’s an awesome number, was just passing along what I heard.
     
  8. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    Invest opposite of Cramer. Sports bet the opposite of Tray Clavis. Never work a day in your life.
     
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  9. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    Kansas State WildcatsSeattle Kraken

    brolift once told me that $1 was the floor for ripple so i get it
     
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  10. C A N E

    C A N E Let justice be done though the heavens fall
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    Miami HurricanesMiami Heat

    Yikes. Should I worry about have 6 figures in cash on Robinhood?
     
  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    More than 250k? If no you're fine
     
  12. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

    Not that much but still seems like a pain in the ass if shit really hits the fan
     
    letan likes this.
  13. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    my understanding

    1. Companies deposited a fuck ton of money into SVB during Covid boom.
    2. SVB placed that money in 10yr securities with 1.6% annualized return
    3. Companies burned through their cash and want/need their money
    4. SVB has to take losses selling those securities before maturity since the 10yr is at 4% now.
     
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  14. ScFan27

    ScFan27 Well-Known Member
    South Carolina GamecocksNew York YankeesNew York JetsNew York Rangers

    Blows my mind how a bank can have such poor risk management. There has to be someone monitoring duration and interest rate risk, no?
     
  15. Arliden

    Arliden Well-Known Member
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    I’d get out of Robinhood just cause it’s shit but you shouldn’t have to worry about your money it’s fdic insured
     
  16. Arliden

    Arliden Well-Known Member
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    When I made the arguement tech was frothy and interest rates would it it hard I did not expect a Silicon Valley bank to go down.
     
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  17. Arliden

    Arliden Well-Known Member
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    I’ll be curious who is caught up in this
     
  18. brolift

    brolift 2sweet
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    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    [​IMG]
     
  19. Seavie

    Seavie Loading tweet...
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    Alabama Crimson Tide

    My reason for asking is I have cash at Comenity/Bread Savings for their sweet sweet 4.162% currently. That is close to one of the highest rates offered I believe. They are FDIC Insured but was just wondering if something similar would happen to these online places with high interest rates.
     
  20. brolift

    brolift 2sweet
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    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    Probably a wild mix. I got an email from Kalshi that they moved user deposits out of SVB.
     
  21. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    No one here has over $250k in cash y’all chill.
     
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  22. C A N E

    C A N E Let justice be done though the heavens fall
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    Miami HurricanesMiami Heat

    I do wonder if this will spook enough people to flock to the big banks causing smaller ones to fail (sofi)
     
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  23. C A N E

    C A N E Let justice be done though the heavens fall
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    Miami HurricanesMiami Heat

    4.15% and a pretty app sells me
     
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  24. letan

    letan Just looking for the gator board
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    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    I work for a big bank and we have seen increased deposits the last couple of days. I don’t know about making any banks fail but I think you’re right about it making people question some of the smaller local and regional banks
     
  25. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksOrlando CityLazioUnited States Men's National Soccer Team

    Is there any publicized info about banks’ investments and where they’re held or getting their ROI from? It’s easy to see their reported assets and revenue but a deeper dive is probably also worth knowing
     
  26. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    The online only banks have higher rates due to little overhead
    www.ibanknet.com is a good place to start
     
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  27. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    Yeah. Easy enough to not pick up or say no thanks one a year. It's been worth it for the features it has.
     
  28. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    Look at Mr. High Net Worth over here.
     
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  29. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    Kansas State WildcatsSeattle Kraken

    Yep I’ve used them since like 2017, been pretty content looking at the pretty lines and colors.
     
  30. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

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  31. Sam Elliott

    Sam Elliott Job title: Assistant Bouncer at the Double Deuce
    Florida State SeminolesChicago BullsGreen Bay PackersTampa Bay LightningManchester United

  32. Tommy Jefferson

    Tommy Jefferson Well-Known Member
    Nebraska CornhuskersKansas JayhawksKansas City RoyalsKansas City Chiefs

    *had
     
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  33. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    Maybe I’m missing something but they aren’t insolvent they just made a bad bet that’ll cost em like 2-3B. Seems like all these folks should get 97c on their dollar? They’ll have to liquidate those securities and their customers will take the hit, right?
     
    Ty Webb likes this.
  34. brolift

    brolift 2sweet
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    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    they will fix it
     
  35. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    Correct. A somewhat simple mismatch of duration with risk profile.

    anybody seen anything about who had short positions on this? Someone made fuck you money in the last 48 hours on this. Not that I’m sophisticated enough or have enough time to track this, but a top 20 bank that had this kind of public facing exposure has to have been an obvious target for some short funds.
     
  36. Arliden

    Arliden Well-Known Member
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    Watching David sacks freak out about this is amusing.
     
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  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    my brother has been in tech for over 20 years at this point and has been loving the libertarian tech bro meltdowns and just shedding their ideology when they're at risk. Sacks tweets have been getting sent to me regularly as he met him a few times and says he talks like a psycho cult leader.
     
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  38. Arliden

    Arliden Well-Known Member
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  39. Arliden

    Arliden Well-Known Member
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    Good related visual I saw

     
  40. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Seen some Seeking Alpha articles that were calling this a few months ago, saw someone on Reddit turned $7.5k options into ~$2mm
     
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  41. Arliden

    Arliden Well-Known Member
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    JPM’s option collar is 3638 and I think 4065 on 3/31, will be interesting to see if we get close to either by then.
     
  42. Arliden

    Arliden Well-Known Member
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    Feels like the most important week in Macro in a while, lots of data this week on inflation combined with an outside factor that has parts of the market pricing the Fed pausing/cutting.

    All this precede the Fed meeting next week.
     
  43. burnttatertot

    burnttatertot butt tuck zoomies
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    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    I'll be picking up USB next week, currently sitting at $40 and change.
     
  44. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  45. Arliden

    Arliden Well-Known Member
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    I don’t think this weekend changes anything, the data this week will be more important.
     
  46. Arliden

    Arliden Well-Known Member
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    I’m more interested to see how the bond market reacts come Monday, it had an aggressive move on Friday wonder if that unwinds.
     
  47. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    USB is very good at selling the dogshit on their books to their “super high net worth elite” clients
     
  48. Arliden

    Arliden Well-Known Member
    Donor

     
  49. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    FUCK YOU JAMIE
     
  50. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
    Donor
    Kansas State WildcatsSeattle Kraken

    People forget he was involved with Epstein’s financial shenanigans
     
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