they still have to adhere to regulation t, so it isnt going to attract many people wanting to spend 50 dollars on appl, and i would assume those kind of people make up most of their customer base.
I own a handful of BHI shares. Tempted to hold them until the special dividend, and sell after barring a drop in price beforehand.
All the M&As = market at high water as ppl flushed with cash. Be risk adverse moving fwd as fed gonna raise in 7 wks
This market is acting very fishy since Friday afternoon. Mostly due to the election, but people are starting to be concerned about a Trump victory. I would look for choppy trading the net few days.
Big day for me...had a decent chunk of shares in a penny pharm (PTN) that hit its Phase 3 benchmarks; up about 60% AH.
The 'fear index' is telling markets more right now than stocks are http://www.cnbc.com/id/104069361 http://www.cnbc.com/id/104069361
may want to go more into cash @BretBaier 51m51 minutes ago Bret Baier I said sources described an "avalanche of evidence" in case & barring obstruction they'd likely continue 2 push to try to get an indictment" -- though one thing you can bank, with trump tigthening it, the GOP holds the house and should hold the senate. pharma will prob go up, so maybe some options over there would be useful
We have been raising some cash ahead of this thing. We decided before the first debate that it was probably the best thing to do and we started to take some profits in some positions. Had a couple of clients question that - pretty satisfying to get the "this is why we work with you" phone calls earlier this week.
Glad I've had some cash in my trading account for a little while that I've been needing to do something with. Any plays in particular that you all like best today?
That was a ballsy purchase and you deserve to be rewarded for it. If HRC won biotech was gonna take another hit imo.
Unfortunately I've only got $30k in. I posted yesterday I wanted to get $70k total in. May still buy shpg at the open but I'm averaged in at $173 and it's up to $181 pre-market. I hate averaging up but there is no cap on SHPG. Republican prez, republican house and senate and now prop 61 failed in CA. It's going to the moon.
I think we will start to get movements once Trump starts talking interest rate plans and/or starts talking about Yellen and potential replacements. Also curious what they do with rates in December, a month before Trump officials steps in.
They struck a deal for a 1.2 million barrel cut. (WTI) Flew off the daily 200MA (and thru the 20 & 50 MA's for that matter) back into the middle of the channel it has been trading for the last 2 weeks. Weekly EIA Report always makes something violent happen one way or the other at 10:30am. Should be an interesting day that I won't participate in until 11am if at all.
The next macro even on my radar is the Italian referendum on Dec 4th. http://www.forbes.com/sites/johnmau...result-in-the-death-of-the-euro/#563e809511da
Personal opinion is that this OPEC agreement is in name only to boost prices temporarily. Everyone is self-serving in this group and most won't keep their promise due to the economic issues that have hit these countries hard in the past 1-2 years. Interested to see how the proposed cuts are split up though. You've got Libya, Nigeria and Iran all producing well below capacity. Venezuela is bankrupt so they don't pay anyone who works with PDVSA for a year then renegotiate what they do owe them. Saudi needs to cut but they love being the BSD. I still love that Ecuador is a member... they don't do shit. On the plus side about OPEC... I get to keep my job. On the downside, I have to work more.
fyi, look into companies who have tons of money stashed overseas once it comes back... stock buybacks, increased dividends all that pfizer, apple etc.
This is scary on many levels for me. The Agencies are what/who provide liquidity to the residential, multifamily, and healthcare real estate markets.
The liquidity from Fannie & Freddie doesn't come out of thin air. They package mortgages together and sell them to investors. Those investors would still be there and have a need for securitized loans.
How much cash do you financial gurus recommend having on hand? Working with a financial advisor and he recommended 6 months, but I am thinking 9.
In terms of emergency funds, CFP board standard is 3 mo if you're in a two income household, 6 mo if you're single . ..
Up to a year most of the time. I think it depends on your personal situation and what you feel comfortable with. Are you married? Kids? Self employed? So many more questions go into it. Minimum 3 months though.
I think a lot of it depends on job security. Can you go find a job instantly if you get laid off? If so keep no more than 3 months cash in the bank. If you would have trouble finding a job if you were to be laid off you should have at least 6 months and maybe up to a year if you are very undesirable (old age or lucked into your current job because of nepotism for example). If I was laid off today I could secure a similarly paid job within a week regardless of how the economy is doing. In light of that my goal is to keep no more than two months salary in cash at any given moment. Everything else goes into the stock market as soon as possible. For a situation like mine disability and life insurance are paramount as injury is the only thing that can derail me at this point.
I'm in a similar situation. And even my 3-month safety net is in a 50:50 stocks:bonds account on betterment. Six months seems like it should be more than adequate for pretty much anyone. Three months is probably fine for a lot of people.
Job security definitely has a lot to do with it. It would take me a while since my job is a little more specialized. also, if I lose my job that means I have lost a significant amount of money, so that's why I like to keep close to a year. Each persons situation is different.
One other thing I will add, a lot of it depends on the liquidity of your investments. Do you have 100% of your life savings in volatile stock (say ORIG for ex.) that could be down 25-50% in a single day? If so you can't rely on that money being available in a pinch because you might needto sell on a very down day which would be painful. Alternatively if you are in 5 stable, diversified companies I think you can count on some of that money in a bind. I think too many people are far too conservative with their cash and if you've got a year's worth of expenses just sitting in the bank not working for you (and you have a modicum of job security) that's a problem. Your army wants to fight. Get it on the battlefield.
Wow. SnP 500 up another 22 points today. Pretty incredible rally last few days. Thats 6.3% since election.