Now that the market is bullish, we start to get questions about profit-taking and portfolio-trimming. Then we get the quote: "Selling your winners and holding your losers is like cutting the flowers and watering the weeds."
I need to get this out of the system:
If we want to use this analogy, isn't it wise to cut your flowers and sell them? Which flower in the world can last forever? If you go to a flower shop, you will notice most if
Across the country, America’s super-rich have reduced their exposure to the stock market by the most dramatic margin in years, according to recent data from the Capgemini Research Institute.
High net worth individuals — defined by Capgemini as those with $1 million or more in investable assets — held over 34% of their portfolios in cash as of January 2023. That’s the highest level since at least 2002. It’s also significantly higher than the 24% cash expos
Hi, I have some 13k worth VTI in normal Merrill edge account. I am trying buy a house and need some fund. I am thinking about selling 10k of it. At the moment my unrealized loss is about $600. I am fine with swallowing that. My question is can I write that of on my tax? Also what is the best way to go about selling it. I heard you can choose which lot to sell etc. sorry I am a noob. I should have sold it last year knowing I needed it know. Lesson learned.
Here is my write-up: https://docs.google.com/document/d/1UjFAPhDf2m4v6aO3wd2cvaWxZdnqPBrjptT2R2jNFRQ/edit
It’s 5000 thousand words and un-edited, so sorry for any convention/grammar errors and if its too long for your liking, I just like to cover as many bases as possible. Please comment on any concerns or disagreements.
The article paints a bleak picture of the Chinese economy, with tourism data during the Dragon Boat Festival pointing to weak economic recovery. The S&P Global cutting its 2023 GDP growth forecast for China to 5.2% from 5.5% previously is a sign that the post-COVID recovery is faltering. Artificial intelligence stocks have also slumped, indicating that the tech sector is not immune to the economic slowdown.
However, there are some positives to be take
There has been a $195 million bid by DraftKings to acquire PointsBet's U.S. assets, which is 30% higher than the previous offer from Fanatic. This may come as a desperate attempt by DraftKings to slow down the deal between Fanatic and PointBets as DraftKings has to pay a premium of 30%. Nevertheless, if DraftKings receives regulatory approval and completes the transaction, it will fundamentally undermine Fanatics' effort to expand sports betting in the 1
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Some helpful links:
- Finviz for charts, fundamentals, and aggregated news on individual stocks
- Bloomberg market news
- StreetInsider news:
- Market Check - Possibly why the market is d
As title suggest,
I am wondering if there is any new companies or stocks I never heard about which promotes self employment (used loosely).
I am reffering to stocks such as amazon, doordash, uber, shopify, etsy. I believe these kinds of companies will thrive in the coming years. And I am betting a fair amount on it. Problem is they are not their own "category" they simply get thrown in with tech or e-com. So finding new ones or a few I
Concentrix is an American business services company specializing in customer engagement and business performance.
The price has been beaten up from $150 5 months ago to $81 now.
Via Semrush data, 6 months ago 1 million average monthly visits to their website and not it is 1.5 million monthly. Since this is a 3rd party customer service company I assume most people going to their website are people apply to jobs as customer service agents. If they
I'm mostly index funds, but I've decided to allocate 5% of my portfolio to individual stocks.
The "strategy" I've decided to follow is buying a select number of blue chip tech stocks. So far I'm DCA'ing into Apple and Tesla, thinking of MSFT and some others. Reason being I think blue chip tech stocks have more upside but similar downside (well maybe with the exception of Tesla) as non-tech blue chips like Disney or Nike or what