Money Investing megathread extravaganza - Page 180

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**lewdog** · 03-05-2019, 07:46 PM

Quote:

Originally Posted by Hammock Parties

IQ: brief dip and then back up again today...me rikey

By my calculations you are still down about 32%?

Hammock Parties · 03-05-2019, 07:59 PM

Quote:

Originally Posted by lewdog

By my calculations you are still down about 32%?

i don't remember and i don't care

if i get it back to within 15% of what it was i'm selling it all and finding a nice cozy ETF to love me tender

**lewdog** · 03-05-2019, 08:23 PM

Out of PFE for a 2.5% profit in 9 days last week.

Need another short term play.........

Hog's Gone Fishin · 03-05-2019, 10:13 PM

Quote:

Originally Posted by lewdog

Out of PFE for a 2.5% profit in 9 days last week.

Need another short term play.........

Good job, that's what I'm doing this year and been winning 75% of trades so far.

This guy puts up stuff weekly I've been using a play or two from playing momentum.

http://dennismccain.weebly.com/new-highs

Discuss Thrower · 03-06-2019, 02:34 PM

So I got an email stating that I'm eligible for a short term period of 9.9% interest on my Chase SWA Rewards card. And just now I was reminded that I activated a 15% 'bonus' rewards on rewards points earned via the Chase SWA Rapid Rewards card.

The fine print that I failed to notice initially on this bonus offer is that you need a minimum of 15,000 points posted to your account solely from the credit card during the bonus period. Could be reckoning incorrectly here, but the cheapest way you could do that would be by spending $7,500 on Southwest Airlines bookings or bookings through their affiliates.

The low rate enticement + this bonus with a high hurdle to meet makes me think $JPM has a cash flow issue on their 6-12 month horizon..

Great Expectations · 03-06-2019, 02:55 PM

With the prime rate increasing the credit card companies have seen increased earnings. Most of the cards have a very high rate tied to prime.

Discuss Thrower · 03-06-2019, 02:58 PM

Quote:

Originally Posted by Great Expectations

With the prime rate increasing the credit card companies have seen increased earnings. Most of the cards have a very high rate tied to prime.

I mean yes but it seems to me they're trying to up their card holder's balances which feels like they're looking for "free" cash (for want of a better term) in a relatively small window.

Nightfyre · 03-06-2019, 03:28 PM

Quote:

Originally Posted by Discuss Thrower

I mean yes but it seems to me they're trying to up their card holder's balances which feels like they're looking for "free" cash (for want of a better term) in a relatively small window.

Your theory is that they have a liquidity crunch do they are adding credit card loans? If so, the logic seems flawed to me. If they have a liquidity crunch, they will not aggressively seek loans without securing additional or corresponding funding.

Discuss Thrower · 03-06-2019, 03:31 PM

Quote:

Originally Posted by Nightfyre

Your theory is that they have a liquidity crunch do they are adding credit card loans? If so, the logic seems flawed to me. If they have a liquidity crunch, they will not aggressively seek loans without securing additional or corresponding funding.

Maybe not a simple liquidity crunch but it seems like they're trying to oomph non-mortgage related consumer debt income.

Further, they're targeting people with exisiting accounts and not necessarily increasing the amount of total revolving debt.

I have a notion they're looking for more income without changing their balance sheet as it matters to ensuring their RoE / RoA isn't drastically impacted as it pertains to Federal regs... if those even matter I guess since they're so ****ing big.

Great Expectations · 03-06-2019, 04:11 PM

It might be a new model for them. A lot of them have stopped offering 12 months interest free as people have been taking advantage of the offer then switching to a new 12 month interest free card 12 months later.

Hammock Parties · 03-06-2019, 09:39 PM

UGH

Someone gave me cause to go check out Ubiquitis networking products today...very cool shit.

Then I remembered...wait...didn't you BUY THEIR STOCK?

Went into my e-mail and realized yup...you did...five years ago...at $45/share.

Sold it at $44 and now it's at $145.

**Buehler445** · 03-06-2019, 10:09 PM

Quote:

Originally Posted by Hammock Parties

UGH

Someone gave me cause to go check out Ubiquitis networking products today...very cool shit.

Then I remembered...wait...didn't you BUY THEIR STOCK?

Went into my e-mail and realized yup...you did...five years ago...at $45/share.

Sold it at $44 and now it's at $145.

LOL Damn the devil. Damn the devil to hell.

Hammock Parties · 03-06-2019, 10:11 PM

I'm pretty sure that was when I decided to get out of stocks and just dump everything in that account into an ETF....which did well enough....

...but it'd be nicer to have an extra $40,000 laying around

**Buehler445** · 03-06-2019, 10:13 PM

Quote:

Originally Posted by Hammock Parties

I'm pretty sure that was when I decided to get out of stocks and just dump everything in that account into an ETF....which did well enough....

...but it'd be nicer to have an extra $40,000 laying around

Well, if that's what you did, it was the right move. Regardless of the outcome. That's the approach we must take or those kind of losses will ****ing destroy you as an investor.

Hammock Parties · 03-06-2019, 10:16 PM

Quote:

Originally Posted by Buehler445

Well, if that's what you did, it was the right move. Regardless of the outcome. That's the approach we must take or those kind of losses will ****ing destroy you as an investor.

well....I no longer hold that ETF

because you know....well....how do i say this

i have a low iq

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1633101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,116

03-05-2019, 08:23 PM	#2688
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1338100	Out of PFE for a 2.5% profit in 9 days last week. Need another short term play.........
Posts: 46,294

03-06-2019, 02:34 PM	#2690
Discuss Thrower "You like to drink?" Join Date: Jun 2006 Location: "I like to drink." Casino cash: $-140000	So I got an email stating that I'm eligible for a short term period of 9.9% interest on my Chase SWA Rewards card. And just now I was reminded that I activated a 15% 'bonus' rewards on rewards points earned via the Chase SWA Rapid Rewards card. The fine print that I failed to notice initially on this bonus offer is that you need a minimum of 15,000 points posted to your account solely from the credit card during the bonus period. Could be reckoning incorrectly here, but the cheapest way you could do that would be by spending $7,500 on Southwest Airlines bookings or bookings through their affiliates. The low rate enticement + this bonus with a high hurdle to meet makes me think $JPM has a cash flow issue on their 6-12 month horizon.. __________________ Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
Posts: 45,177

03-06-2019, 02:55 PM	#2691
Great Expectations MVP Join Date: Dec 2008 Location: Joplin, MO Casino cash: $10902338	With the prime rate increasing the credit card companies have seen increased earnings. Most of the cards have a very high rate tied to prime. __________________
Posts: 7,302

03-06-2019, 04:11 PM	#2695
Great Expectations MVP Join Date: Dec 2008 Location: Joplin, MO Casino cash: $10902338	It might be a new model for them. A lot of them have stopped offering 12 months interest free as people have been taking advantage of the offer then switching to a new 12 month interest free card 12 months later. __________________
Posts: 7,302

03-06-2019, 09:39 PM	#2696
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $1050478	UGH Someone gave me cause to go check out Ubiquitis networking products today...very cool shit. Then I remembered...wait...didn't you BUY THEIR STOCK? Went into my e-mail and realized yup...you did...five years ago...at $45/share. Sold it at $44 and now it's at $145. __________________ Chiefs game films
Posts: 296,655

03-06-2019, 10:11 PM	#2698
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $1050478	I'm pretty sure that was when I decided to get out of stocks and just dump everything in that account into an ETF....which did well enough.... ...but it'd be nicer to have an extra $40,000 laying around __________________ Chiefs game films
Posts: 296,655