Re: Overlords Investment Conclave [OIC] Recruitment Thread
Posted: Sat Dec 16, 2023 3:19 pm
That is not dead which can eternal lie, and with strange aeons bring us some web forums whereupon we can gather
http://garbi.online/forum/
Fees are certainly a concern. Examining the fee structure, unless you invest a somewhat sizeable amount (10Kish?) any profits will be eaten up by fees over 10+ years. I will trickle some money into it for awhile and see how it goes over 3 and 5 years. Then if I don't like the trend I can either cash in my stake or drink my wine. I need to ask the question on if there are fees to have my wine delivered to me as I still need to do the introduction interview. If you have any questions I should ask I would appreciate any advice.LawBeefaroni wrote: Sat Dec 16, 2023 11:39 amLots of fraud in the space.mori wrote: Fri Dec 15, 2023 10:41 pm Put 1K in Vinovest and let their algorithm choose the wine. So far I have a case of 2017 something . Another case of invest only what you can afford to lose. Will be interesting if this outperforms the stock market such as claimed. This should also be considered a long term investment at 10+ years before it is sold.
Windsor James/Charles Winn/Vintage Casks
Bordeaux Cellars
Vinovest seems legit but lacks a lot of transparency in how they make the market. Liquidity seems to be an issue. They also take a fair amount of fees: buy side, sell side, and storage. Interested to hear how it goes.
Thus ends my run in DSKE. Going to hold through 1/1 and then probably selling assuming it's above $8. Leave some for the arbs.Dec 22 (Reuters) - Canadian logistics company TFI International (TFII.TO) said on Friday it would buy Daseke (DSKE.O), an operator of flatbed and specialized trailers, in a $1.1 billion deal, including debt, to scale up its truckload business.
TFI agreed to pay $8.30 in cash for each share of Daseke, representing a premium of 69% on Daseke's closing price on Dec. 21.
The combined company's truckload segment is expected to generate about $3.6 billion in annual total revenue on a proforma basis and would become one of the largest truckload businesses in Canada, TFI said.
It just means the shares are hard to borrow. Could be because there are a lot of shorts or could be because there aren't a lot of borrowable shares. Looks like CMPS is about 7% short on a 56M share float (3.8M short). That's not outrageous but the ratio is kind of high, like 8 days to cover.Carpet_pissr wrote: Tue Dec 19, 2023 12:31 pm Related to my share lending post above, I see now that Fidelity is paying 9% interest for my shares! Wow...that is much more than I expected.
However, I do question the idea that I am in a way shooting myself in the foot here. I know next to nothing about how much if any, this really moves the needle on share price. It's a relatively small amount (less than $10K), but I guess at scale, it could indeed harm the company...which, as an investor holding long shares, seems stupid. I could buy more long shares though, as a kind of moral counter!
Soooo...any thoughts? Anyone else do this?
It feels a but like the recycling idea...where if you consider your one tiny plastic container vs. the vast amounts of plastics being thrown away every day....it seems absurd. But if 10,000 households think that way...
I take it as a bullish signal that shares are so scarce that they have to pay me 9% for mine, but again, I am ignorant of these things, and have no idea what it REALLY means, or could indicate about the stock or company.
The money left over in my initial deposit was used to purchase a lot of a small cask of American whiskey. It cost $300 with a $25 two year storage fee. As with the wine I did not make the decision to purchase this specific cask. I hate that I don't know what specific distillery but describe to me as a mash bill of 70% corn, 20% rye, and 10% barley which is very ambiguous. But with small casks it is generally bottled quicker so I will get a return in 2 years or else I can have it bottled and delivered to me. Don't think I will do that as I have no need for 50 bottles (I don't think that quantity is accurate) of whiskey I never tasted.mori wrote: Sat Dec 16, 2023 4:08 pmFees are certainly a concern. Examining the fee structure, unless you invest a somewhat sizeable amount (10Kish?) any profits will be eaten up by fees over 10+ years. I will trickle some money into it for awhile and see how it goes over 3 and 5 years. Then if I don't like the trend I can either cash in my stake or drink my wine. I need to ask the question on if there are fees to have my wine delivered to me as I still need to do the introduction interview. If you have any questions I should ask I would appreciate any advice.LawBeefaroni wrote: Sat Dec 16, 2023 11:39 amLots of fraud in the space.mori wrote: Fri Dec 15, 2023 10:41 pm Put 1K in Vinovest and let their algorithm choose the wine. So far I have a case of 2017 something . Another case of invest only what you can afford to lose. Will be interesting if this outperforms the stock market such as claimed. This should also be considered a long term investment at 10+ years before it is sold.
Windsor James/Charles Winn/Vintage Casks
Bordeaux Cellars
Vinovest seems legit but lacks a lot of transparency in how they make the market. Liquidity seems to be an issue. They also take a fair amount of fees: buy side, sell side, and storage. Interested to hear how it goes.
Just over 10 minutes later, the SEC chair poured cold water on the announcement. Gary Gensler posted on his personal account on X: “The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
FWIW it was a hack of the SEC's own account. The decision has been anticipated so they had reason to believe there was a forthcoming release from SEC as well. IMO it wasn't unreasonable for them to report that the rule was released.LordMortis wrote: Tue Jan 09, 2024 9:55 pm Shame on CNBC for reporting this. I guess shame on me for not finding a second source and then posting anyway.
Carpet_pissr wrote: Wed Jan 10, 2024 9:26 am Why is a bitcoin ETF such a big deal?
There are seemingly infinite ETF’s these days.
It's a spot ETF. There are some BTC futures funds but no way to get access to BTC spot pricing other than buying bitcoin directly.Carpet_pissr wrote: Wed Jan 10, 2024 9:26 am Why is a bitcoin ETF such a big deal?
There are seemingly infinite ETF’s these days.
Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex, according to a statement on Wednesday.
The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.
Almost afraid to ask...what's the fee?LawBeefaroni wrote: Wed Jan 10, 2024 5:37 pm It's official.
Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex, according to a statement on Wednesday.
The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.
I've been buying GBTC in lieu of BTC and looks like the right move. The fee ain't great but I got a lot at >30% discount from NAV.
1.5%Carpet_pissr wrote: Wed Jan 10, 2024 6:34 pmAlmost afraid to ask...what's the fee?LawBeefaroni wrote: Wed Jan 10, 2024 5:37 pm It's official.
Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex, according to a statement on Wednesday.
The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.
I've been buying GBTC in lieu of BTC and looks like the right move. The fee ain't great but I got a lot at >30% discount from NAV.
I hate to give advice, but I've done best over that last two years with XLE and covered calls. XLE, itself, keeps resetting to the price I paid but it has a nice dividend and I make typically around $100 a month per call. (That was with about $8,000 per 100 shares to start, which is the price it's at now again. It's been as high as $95 and as low as $70 in the last two years) I'm not smart or wealthy enough to get in to things like NVIDIA but XLE has been treating me well. Of course, if energy shits, you could lose 50% fast. I wish I had put more in (and has more to put in) two years ago. Of course, my taxes would be crazy high if I has the kind of money to throw at it like I wanted to.Carpet_pissr wrote: Fri Jan 19, 2024 4:59 pm Anyone have any good investing names right now they want to pitch? Who are you buying?
I've got a wad of cash in my sweep that's burning a hole in my proverbial pocket after selling my Broadcom today.
I JUST recently sold what I assume is the Vanguard equivalent of that, Vanguard Energy Index Fund (VDE). In process of consolidating my funds into one family, I culled some of the more niche ones (mostly because their holdings were duplicated at least once in my broader funds).LordMortis wrote: Fri Jan 19, 2024 5:25 pmI hate to give advice, but I've done best over that last two years with XLE and covered calls. XLE, itself, keeps resetting to the price I paid but it has a nice dividend and I make typically around $100 a month per call. (That was with about $8,000 per 100 shares to start, which is the price it's at now again. It's been as high as $95 and as low as $70 in the last two years) I'm not smart or wealthy enough to get in to things like NVIDIA but XLE has been treating me well. Of course, if energy shits, you could lose 50% fast. I wish I had put more in (and has more to put in) two years ago. Of course, my taxes would be crazy high if I has the kind of money to throw at it like I wanted to.Carpet_pissr wrote: Fri Jan 19, 2024 4:59 pm Anyone have any good investing names right now they want to pitch? Who are you buying?
I've got a wad of cash in my sweep that's burning a hole in my proverbial pocket after selling my Broadcom today.
www.dividend.com should have that feature.Carpet_pissr wrote: Wed Jan 24, 2024 12:38 pm Does anyone know of a source for charts (or even comparison, doesn't have to be in chart form) that compares two or more stocks or funds, including dividends?
Example: I'd like to compare DE (Deere) with X stock/fund/index but I want to see the TOTAL return, including dividends, not just the stock price gain or loss over time.
I just sold Broadcom recently...and I would put them in the top three. I also hold a little Amazon and a good chunk of Google, both of which I am about to also sell due to valuations getting so high, but also taking some gains. Only sold Broadcom because I get nervous when a holding is up so much within such a short time frame. Learned that lesson the hard way.
I did that with Google and Expedia recently...both already up from the absurd, off the cliff oversold situation after earnings.LawBeefaroni wrote: Tue Feb 27, 2024 9:12 am Got some PANW after the ridiculous drop on earnings last week. Have been watching for a while but it just kept running.
In just below $270. May already be time to sell...
Grayscale plans spin off of spot bitcoin ETFLawBeefaroni wrote: Wed Jan 10, 2024 7:33 pm1.5%Carpet_pissr wrote: Wed Jan 10, 2024 6:34 pmAlmost afraid to ask...what's the fee?LawBeefaroni wrote: Wed Jan 10, 2024 5:37 pm It's official.
Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex, according to a statement on Wednesday.
The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.
I've been buying GBTC in lieu of BTC and looks like the right move. The fee ain't great but I got a lot at >30% discount from NAV.
(Reuters) -Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust (GBTC).
The spin-off is part of a bid to offer investors lower-fee exposure to bitcoin, according to a person familiar with the matter.
Grayscale filed to list shares of a new investment product, the Grayscale Bitcoin Mini Trust, which will receive a certain amount of bitcoin held by GBTC. In exchange, current GBTC shareholders will get stock in the Mini Trust, the company said.
...
Since January, GBTC has seen capital outflows of $11.05 billion, according to data from crypto research firm BitMEX Research, even as bitcoin climbed to an all-time high and competitors recorded inflows over the same period. Grayscale is yet to determine the fees the Mini Trust will charge, according to the filing. Following the spin-off, both GBTC and the Mini Trust will operate independently, it said. The company's landmark victory in a legal fight with the Securities and Exchange Commission (SEC) led to the approval of spot bitcoin ETFs - investment vehicles that allow shareholders to gain exposure to bitcoin without directly holding it - in January. Since the approval, competitors BlackRock's iShares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund have recorded inflows of $10.59 billion and $6.37 billion, respectively.
Marketplace changed its link today. New:LawBeefaroni wrote: Tue Mar 12, 2024 10:13 am Yeah, I miss NBR too. Pretty sure CNBC bought it to kill it.
Marketplace morning report is OK. Not super in-depth or breaking but if you like the aftermarket one, worth a try.
Love Marketplace, and Kai Ryssdal. Not ashamed to admit I have had a man-crush on him for years, even though I don't think I even know what he looks like. Just sounds like a guy I would love to hang out with.LawBeefaroni wrote: Fri Mar 15, 2024 9:39 amMarketplace changed its link today. New:LawBeefaroni wrote: Tue Mar 12, 2024 10:13 am Yeah, I miss NBR too. Pretty sure CNBC bought it to kill it.
Marketplace morning report is OK. Not super in-depth or breaking but if you like the aftermarket one, worth a try.
https://www.marketplace.org/shows/marke ... ng-report/
After graduating from college, Ryssdal spent eight years in the United States Navy, first flying a Northrop Grumman E-2 Hawkeye from the aircraft carrier USS Theodore Roosevelt, and later as a Pentagon staff officer. After earning his Master's degree, Ryssdal joined the U.S. Foreign Service, serving in Ottawa, Ontario, Canada, and Beijing, China.
Wow, that's awesome! Had no idea, but it tracks with his obvious intelligence that comes through pretty well through his show.Isgrimnur wrote: Fri Mar 15, 2024 11:43 amAfter graduating from college, Ryssdal spent eight years in the United States Navy, first flying a Northrop Grumman E-2 Hawkeye from the aircraft carrier USS Theodore Roosevelt, and later as a Pentagon staff officer. After earning his Master's degree, Ryssdal joined the U.S. Foreign Service, serving in Ottawa, Ontario, Canada, and Beijing, China.