I’m not too sure what you mean regarding “range of options”.
I would imagine if today you buy a 1/10 share for 110 dollars in the next few days you will have 1 full share which is valued at the same price.
I don’t know if all brokerages allow that option for all stocks and at what level of service cost for facilitating it
E***o allow it,in Ireland anyway.I don’t know the ins and outs but 1/10th share for say 115 dollars would probably only cost you and extra half percentage on buying.Probably about the same to sell but i’m not to sure on that part.
Tax on profits after that as well.
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This seems big
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That seems huge. I noticed that they said that they are wanting to use the same legal arguments against the likes of Ticketmaster.
I dont know if anyone here reads Matt Levine’s opinion pieces for Bloomberg (i’m signed up to his free emails) or listens to his podcasts but i think he is one of the best writers out there on US financial events.
Nvidia stock has increased in value by about 75% since and just hit a market cap of $4t. I am genuinely concerned about AI being a bubble and the repercussions of what happens when it bursts, but this still looks on the up even despite that idea increasingly being spoken about in normie circles.
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I am still wondering if AI is the next dot-com bubble that the corrupt leaders of the world use to syphon hundreds of billions of dollars away from the average Joe’s retirement investment plans.
Then, get a taxpayer bailout
This is absolutely superb. There arent many positive ways for them to respond to the shit storm they’ve found themselves in over the last week, but this is just about 10/10
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The McKinsey Cycle
https://x.com/THR/status/1949868446269030609
- Get paid an astronomical amount of money to recommend a merger that will be terrible for the acquired company
- Get brought back in 3 years later to be paid another huge wedge to recommend splitting them back up
- Charge them for a third time for branding recommendation that of going back to their original fucking names
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Textbook
https://x.com/SandyofSuffolk/status/1976688749074624818
Her “Us older people are the only people putting money into this economy and if we stopped all the businesses would collapse”
Response: “It’s because young people have no money”
Her: It’s because they are out there spending it frivolously. They should try staying in and saving."
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A very brief, admittedly superficial, scan of Sandy’s X pic tells me with absolute certainty that she is not my kind of people.
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It’s fascinating that its pretty much the same stuff i’ve seen expats bleat on forums, usually older people themselves too i guess.
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In an interview yesterday Altman addressed concerns about this being a bubble by basically saying its fine, for them, because AI is now in too big to fail territory and so will be backstoped by government if (when) shit hits the fans. This is his response to people rightly responding to those comments with criticism
Which requires a callback to Dril’s ever green…
https://x.com/dril/status/549425182767861760
Bitcoin has taken a bit of a hammering. I just saw something showing the 5 year return on the SP500 has now passed BTC. Anyone who follows this know why its fallen so much? Is this a systemic crypto thing or just represent money moving to other products?
According to the German finance papers, it’s because Kevin Warsh was announced as the next chairman of the US Federal Reserve.
Presumably the crypto community had expected some loony tune to be left in charge of the US currency.
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Funnily enough just this morning I saw an email from Paul Krugman’s Substack give 3 suggestions for why Bitcoin may not be doing so well.
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The last couple of years companies like Strategy & Bitmine have been selling debt and buying up lots of bitcoin which has helped push the price up. Investors who may have been willing to buy the dip on bitcoin are less likely to buy the dip on their shares. (I guess it also limits the ability of Strategy and Bitmine to buy more bitcoin in the process too).
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While Bitcoin has been offered as an alternative to cash based money, given the economic uncertainty 6-12 months, we’ve seen a jump in gold but not bitcoin so much, so that suggests that Gold is still the go to alternative when people are worried about the future.
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Finally he talks about the rise being in part a Trump Trade, as Trump got a huge amount of funding from the crypto industry who hoped he would open the doors to bringing in crypto friendly policies - this led to the post election rise in bitcoin. As Trump comes under fire domestically that might be impacting demand for Bitcoin too.
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So it’s speculative investors thinking the Trump promise isnt going to come to fruition so trying to get out of their good position now before everyone else does and they lose their profit?
It’s interesting to see the wide range of views economists appear to be having on Warsh. He appears to be unliked by many of the mainstream but some are willing to give him the benefit of the doubt.
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Yeah, that and the recent big buyers have perhaps hit a point where they can’t keep buying until the value of bitcoin itself rises again (or their debt falls) to fund those purchases.
Plus I wonder if the whole promise around AI may be drawing off some of that demand from Bitcoin into the stockmarket?
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