General Malaise
Footballguy
Any thoughts on APPL offering customers 4.15% in a savings account set up on Apple Pay?
Dead in here....
Dead in here....
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Stock Thread (13 Viewers)
- Thread starter St. Louis Bob
- Start date
FreeBaGeL
Footballguy
Man I was averaging in to this position slowly and am not even close to a full position yet. I think it was $2.75 when I started wish I'd just bought it all then!
kevzilla
Footballguy
Almost scary how comfortable I am with this tiny issue.
Which was also my high-school band's name.
General Malaise
Footballguy
Almost scary how comfortable I am with this tiny issue.
Which was also my high-school band's name.
Only if you're looking to cure insomnia: https://www.reuters.com/markets/europe/tin-spooked-by-threat-supply-disruption-myanmar-2023-04-17/
Todem
Footballguy
Big deal…..you can get that in plenty of places….non event to me and since when is Apple a regulated bank?
General Malaise
Footballguy
I don't think the two banks I use for my savings accounts are offering 4.15%.....
FreeBaGeL
Footballguy
Goldman is operating this for them, right?
FreeBaGeL
Footballguy
There are plenty you can sign up for in about 30 seconds that do. But I'm not in the apple ecosystem so I can't speak to how much more convenient this is for people that are.
General Malaise
Footballguy
That is my understanding.
I think it's the convenience plus awareness that may be their selling point.
Many people don't know they can get a higher rate than their bank. A notification pops up on the phone, click here for 4.1% on your savings, seems like that could attract a ton of money.
Desert_Power
Footballguy
Looks like you have to have the Apple Credit Card (also issued by GS), which over 6.7 million Americans apparently do. I can see it attracting usage, but GS seems to like to lose money trying to be a retail bank.
FreeBaGeL
Footballguy
Yeah this is kind of weird to see, considering we're just a few months after the news that they're considering shutting down their current retail bank product (Marcus by GS) because it's losing so much money.
The APY on the Apple account is also slightly higher than Marcus, so I wonder if Apple is footing the bill on a bit of that to make it more attractive.
McBokonon
Footballguy
I posted in Jayrod’s economic thread that CDW, who I like a lot, is down because they missed sales estimates. They guide conservatively and never miss. That they DID miss is a bad sign for software and IT in general, and on the other side, an indication that small and mid-sized businesses are feeling some pain and rolling back spending.
McBokonon
Footballguy
You got this one right, for sure. Might be the dip you’ve been waiting for!
Dr. Octopus
Footballguy
Fidelity Money Market is 4.48%
Sand
Footballguy
Your band's name was Tin?Almost scary how comfortable I am with this tiny issue.
Which was also my high-school band's name.
Ok, I'll see myself out.
beef
Footballguy
I thought it was "Almost scary how comfortable I am with this tiny issue" but that seemed a little long.Your band's name was Tin?Almost scary how comfortable I am with this tiny issue.
Which was also my high-school band's name.
Ok, I'll see myself out.
General Malaise
Footballguy
I finally bit the bullet and bought some WW yesterday at $8.33.
Let's go Oprah - take the spike....
kevzilla
Footballguy
The last few months were the worst time to have interests in real estate in what, 15 years? BX's revenues are way off, but manages to beat the earnings estimate by two cents anyway. I don't know if they're the smartest guys in the room, but they're right there. And I have a feeling that specialists in distressed assets are about to enter a target-rich environment.
Todem
Footballguy
No doubt building as much cash as they can......and waiting with baited breath.
FYI personally I have built 25% in cash with new money (not liquidating existing assets) been building this cash since the end of 2021. I am waiting......with baited breath for equity prices to have another whoosh.....because they will. And hey if they don’t.....I am collecting 4.25% on that cash in a diskless money market savings FDIC insured.
FreeBaGeL
Footballguy
But estimates have that terrible real estate market baked into them.
The numbers weren't good compared to last year, per say. They were just predictably terrible and not worse than the predicted amount of terrible. Revenue was down 50% YoY.
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McBokonon
Footballguy
Rocket ship this week - all the way up to $0.31! The corrupt mainstream media and illuminati can't keep this juggernaut down! Just getting started.
Todem
Footballguy
The ****ery of stocks rising because they are cutting jobs continues.
30% cut of your workforce should never
Be constructed as a great thing for a growth company (lyft).
****ery
Keep building cash…..the market has it wrong right now short term which will create a buying opportunity this year.
S&P 500 multiple imo makes no sense at this moment. The economy is contracting and recalibrating.
Keep plowing into 401K’s regardless. I will always suggest that. It is a DCA machine.
But man….there is not a ton of value right now. Little one offs here and there in some staples and utilities. Healthcare etc….but some earnings pain is and should be on the horizon.
I might be wrong……but my Spidey
Sense is tingling….a lot. Vix is low, multiples pretty high again….and contraction is happening, real
estate borrowing is coming to a halt.
But sometimes…..the market does what it does. Hence why you DCA every month
Into your retirement accounts.
But taxable liquid accounts paying 4.25 plus risk free for building cash is a no brainer to me in this environment.
30% cut of your workforce should never
Be constructed as a great thing for a growth company (lyft).
****ery
Keep building cash…..the market has it wrong right now short term which will create a buying opportunity this year.
S&P 500 multiple imo makes no sense at this moment. The economy is contracting and recalibrating.
Keep plowing into 401K’s regardless. I will always suggest that. It is a DCA machine.
But man….there is not a ton of value right now. Little one offs here and there in some staples and utilities. Healthcare etc….but some earnings pain is and should be on the horizon.
I might be wrong……but my Spidey
Sense is tingling….a lot. Vix is low, multiples pretty high again….and contraction is happening, real
estate borrowing is coming to a halt.
But sometimes…..the market does what it does. Hence why you DCA every month
Into your retirement accounts.
But taxable liquid accounts paying 4.25 plus risk free for building cash is a no brainer to me in this environment.
McBokonon
Footballguy
Quite a move in the last few days. They report in a week or so, wondering if there's some news someone knows about. In any event, I welcome it! Also my FBG stock contest pick.
fruity pebbles
Footballguy
BBBY officially files for bankruptcy
Todem
Footballguy
Was a matter of time.
fruity pebbles
Footballguy
OuchDodds and others.....
GME. Was it a boom or bust? or still holding?
I have been adding GME every month. I believe in the turn-around story. There are not many businesses that are essentially debt-free (a small French Loan for Covid) AND cash flow positive. The fact that shorts never closed is just icing on the cake. They will be profitable soon.
BBBY is a redo of the original GME squeeze. Massive shorts, on the RegSHO/threshold list, Feb 17th gamma train setup, and has an active retail investor base. The bankruptcy talk was always nonsense to those that were paying attention.
Both of these stocks are going substantially higher in the short term.
Desert_Power
Footballguy
Quick, someone tweet an ice cream cone.
Capella
Footballguy
to the moon
I am shocked, shocked I tell you
Uh, Ryan Cohen made a boatload on BBBY. He just knew when to sell everything, like the hedge fund kid. They basically made a ton of money on this stock while the conspiracy folks got hammered.
fruity pebbles
Footballguy
I get that some liked shopping there but Bed Bath always seems like a store that didn’t need to exist especially recently (meaning the last 5-10 years). Then again, I feel the same way about GameStop.
McBokonon
Footballguy
In all seriousness, I really hope you start examining the information algorithm you’ve found yourself in. This bankruptcy was extremely obvious and forecasted by the company themselves. The media only reported what BBBY themselves said.
General Malaise
Footballguy
I mean....the CFO didn't kill himself because he thought the stock was going higher. Have a feeling Dodds is back to doing performance art.
McBokonon
Footballguy
I wonder that, too.
Snotbubbles
Footballguy
If Goldman has a hand in this...I'm out.
culdeus
Footballguy
Why not load up on yield in a non taxable account?
ghostguy123
Footballguy
Maybe this was mentioned, maybe not.
If I have money sitting in my fidelity Roth IRA, is there something I can stash the money in that earns a guaranteed "something"?
Or is that already happening with the money sitting in SPAXX?
If I have money sitting in my fidelity Roth IRA, is there something I can stash the money in that earns a guaranteed "something"?
Or is that already happening with the money sitting in SPAXX?
D_House
Footballguy
Yes a MMF such as SPAXC works though depending on your situation consider using a traditional IRA or 401k for holding low-risk low-return investments rather than your Roth IRA in which it is typically recommended to put your investments with the highest expected returns.
I wonder how much money the “believers” in these meme stocks have lost. They aren’t the pumpers and getting in early/selling high. Look at BBBY’s market cap. It is currently $92M and Ryan Cohen made a profit of about $70M and that hedge fund kid made over $100M for himself and family/friends. That’s twice the current worth. Add in all the insiders and pumpers and the current bag holders lost hundreds of millions on a stock that was destined for bankruptcy.
Todem
Footballguy
I have plenty of yield in my nontaxable IRA’s.....as far as 401K I have 15 plus year time horizon...I want maximum returns in that account.
Desert_Power
Footballguy
Ah, so you are saying they can buy it back cheaply and really burn Wall Street with the Fairy Godmother of All Short Squeezes. Just have to HODL some more.
Exactly, the Tri-Lambda synthetic squeeze is come the week of November 6th, so keep adding.
General Malaise
Footballguy
Fox parting ways with Tucker Carlson effective immediately. What is the stock to use for Fox? They have FOX and FOXA....what's the difference?
General Malaise
Footballguy
Voting shares vs non-voting.
Bogart
Footballguy
I signed up for the Apple Savings account, even though I am getting a better rate (4.30%) with Wealthfront for the majority of my cash nest egg right now. But I have the Apple Card, I like the 3% back on Apple products, Nike products, Uber/Uber Eats and gas at Exxon. And I like using the card when I have to hand it over at a restaurant since it doesn't have the number on it. This cash back was going onto the Apple Cash Back card and just sitting there until I took the time to use that card somewhere with Apple Pay, now it can just be tucked away in a Savings account, earning.
It's never going to be the biggest account I have, the Apple Card isn't even the most used card I have, but every little bit helps. And it will be easy to transfer money if they ever move ahead of Wealthfront, who got the job after they beat what I was getting from AMEX and Capital One 360.
beef
Footballguy
The "A" is for a higher class of holes.
