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I've been of the mind that the markets still had a ways to run upwards. My thinking was that there was no specific catalysing event that would cause a re-valuation, so things would just keep melting up for a while. This article is making me wonder if we've just hit peak "irrational...

If I was to use Bitcoin in any significant fashion, I would have to scale my plans for security to the size of the transactions/holdings. For less than $10000, a wallet with a normal pc. For 10k to 200k a dedicated pc, isolated or firewalled as much as possible. For over 200k, a pc in a...

That would imply that all investments are comparable risk. There are going to be some "investments" that either: 1) Have such large unquantifiable risks they make no sense 2) Are virtually certain to lose money Some "investments" are unsafe at any speed. In addition, secure in terms of...

I have yet to seen any decent explanation for why the crash of a Chinese real estate company has significant medium or long term impacts across us investments. Sure, if you're selling on the day of the crash you'll probably take a haircut, because those buying from you will assume you are...

Why not 1 billion? Why not 1 trillion? Keep in mind, at one point the market cap of the Mississippi Company was equivalent of 6.8 trillion dollars (2019 equivalent figure so that would be higher today). More seriously... although the supply of bitcoins is limited, the supply of alternative...

I read an interesting book on this a while ago called "The death of money" The author spents a lot of time talking about BRICS as a potential alternative, but didn't really provide adequate consideration to how much many of those countries distrust each other. I feel this point is also skipped...

IMO... Fundamentally the markets are driven by psychology, external events and business success/failure. However, there are a lot of people who want to treat them as a random process. I would suggest that this is dangerous. Basic statistical calculations are unlikely to tell you that a 1...

If you look at Amazon's past behaviour, you'll see them doing things like asking one of their sellers for data on their suppliers and then cutting them out of the loop. https://www.wsj.com/articles/amazon-scooped-up-data-from-its-own-sellers-to-launch-competing-products-11587650015 I think the...

It's worth debating the various options because it helps one understand and refine their own viewpoint. Personally, I'm not trying to beat the s&p500. I want less risk than that. I don't like a pe ratio of 35. https://www.multpl.com/s-p-500-pe-ratio I'm sure someone will say "what risk”...

I try to stick to 5% for stocks and 10% for EFT's, but I would rebalance at 10 and 20%.

In a bear market almost all stocks fall, but some go to ZERO. And that's not even considering the possibility that the company you're invested in might be the next Wirecard or Crazy Eddie. You don't necessarily have to wait for a bear market to lose everything if you're in a single stock. I...

I remember when GME was $5. I wouldn't use the word dumped until it is back there. There's also no way I would risk a significant amount of money on either side of the bet given DTCC's previous involvment and that a Citadel exec is on the DTCC board.

Looks like I misunderstood "short put". My bad. That was way off. I read short put as short. Even so, covered call and short put are not the same. Looks like you need to read a basic book on options too. https://www.optionsanimal.com/covered-calls-versus-short-puts-which-is-better/ Thanks...

That doesn't seem right to me. I would think it's quite different. A covered call is something you sell. A put is something you buy. (In this scenario) If you have a stock that's flat or slowly appreciating, selling an out of the money covered call is going to give you income every month...

It feels like the writer is giving us the worst of two worlds: 1) One one hand they're trying not to get into the details so that the poor readers don't have to think. 2) On the other hand the details that they do provide don't make sense. Why can't writers simply describe what is going on in...

My unsolicited and only moderately informed opinion: I think that long term shorting US treasuries in USD would be a spectacularly bad trade. A few points against: 1) The interest rate is set by the FED based on a a variety or factors. It's not really a "free market" interest rate. If the FED...

Proof that PIL is happening because of excess shares in circulation is difficult. rolling stone seemed to claim that just getting PIL instead of the actual dividend was proof, but I'm not convinced that's true with a margin account and I'm not sure that the author would get that. Given what...

https://ibkr.info/article/2713 "Payment in lieu of a dividend may also be received when shares are owed to the brokerage firm and have not been received by the dividend record date." Interactive brokers definition of PIL is a bit different than that claimed by the rolling stone article. I'm...

Nope. Try reading what I wrote again. I'm not very interested in who you consider to be a "bona-fide" "market maker". I am interested in who is on the list of organizations that are allowed to use the special market maker rules. I was very clear about this because I figured someone would...

My view of what is a "market maker" is simply those who are allowed to use the market maker exceptions in DTCC rules. DTCC has specific rules to allow more permissive naked shorting by market makers. There are hundreds of these market makers...