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Stock Markets Being Open On Veterans Day Is Insulting — There Should Be Legislation Against It.

by Anura Guruge


Click to ENLARGE and be enraged. From “Investor’s Business Daily”. Google for plenty more.


This is just plain wrong. There is no reason or rationale for this. Schools are closed and it is a Federal holiday. But, the stocks markets are open. That is a travesty.

Yes, I am an frequent, avid and compulsive trader. Yes, I did three four trades today. Fidelity has me ranked and classed as an ‘Active Trader’ in that, per their records, I do more than 150 trades a year. BUT, I would be FINE, just fine if the stock markets were closed on Veterans Day. There is no need for them to be open. The global financial world would NOT crumble if the NYSE & NASDAQ were closed for two days in November — the other, of course, being Thanksgiving.

I am surprised that this has not been dealt with before. Time for this to end.


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by Anura Guruge


 

As I Have Repeatedly Said This Tariff ‘War’ With China Was BOGUS From Start — Just A Donald Trump ‘Wet’ Farce.

by Anura Guruge


All I can say is:

QED —
Yet again (maybe for the 3rd time).

{look it up. It will do you good.}

Just type ‘tariffs’ into this blog’s search ‘trench’.


Today’s BIG headline — from CNBC.
Google for more. Plenty of coverage.


I have from the start CLAIMED very publicly, on this blog that these are empty threats.

Push comes to shove, Donald Trump will back down. He has done so consistently.

It is embarrassing. It is a farce. When will people come to see it — like I do. Do not get excited. It will never happen. SMILE.


Click to access my post.


Click to access my post from just 2-days ago.


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by Anura Guruge

I Am NOT In Favor Of ‘Commission Free’ (i.e., FREE) Stock Trading!

by Anura Guruge


Click to ENLARGE. From ‘Yahoo Finance’. Google for more.


If you are worried about a $4.98 commission when making a stock trade (and I think $4.98 is what Fidelity charges I) then you should NOT be making that trade!

With online trading commissions are NOT what they used to be. Yes, I remember having to pay $70 to $80 per trade. That gave you pause, but again, in the end you were hoping to make thousands so even $80 would be a rounding error.

Then, with online trading, it became … $14.xx … $7.95 … and now $4.98.

$4.98.

I am HAPPY to give Fidelity $4.98 per trade, for all the services I get.

I will also, happily, make two concessions as to when a trade should/could be free.

  1. I am a great believer in kids getting into stock (and I have had lot of success with this, even helping kids who are not mine). So, I am all in favor that kids should be allowed to trade for free. Basically make UTMA (or equivalent) accounts — i.e., accounts involving those under 18 — commission free. That will be a winner.
  2. Also give those making ‘small’ trades a break. But, since folks invariably will try and abuse this, since folks are cheap, it will have to be restricted to one free trade a day. So, something like one $1,000 (or less) trade per day free, or one trade (per day) involving 30 shares or less.
    ….

So, why am I opposed to free trading. Because, I am old & savvy enough to know that there are NO free lunches. When brokerage house offer free trading they are going to be loosing millions if not billions in income! True statement. So, how are they going to make up for that.

First they will cut services. Yes, good folks will lose jobs. It will also mean that you will not be able to talk to a human. So, the elimination of services is my greatest fear. I get outstanding service from Fidelity. I would hate to see that not be the case.

Second, they are going to start hounding you to sell you services. You will get even more calls and e-mails offering this and that. They have to recoup the money they are losing. It will be ugly. To be honest it will not affect I! Fidelity, quite a long time ago, stopped trying to sell me anything. They know — and they can see — that I do very well on my own. So, they stopped calling me. But, it won’t stop them calling YOU.

There is another reason too. It will just further encourage foolish, mindless trading! I really hate that. Folks that buy and sell with no rhyme or reason. Panic and sell when the market is going down and then turning around buying the same stock when the market has gone up. They could save themselves so much money buy just buying and holding. My core stock portfolio has not changed since 2012. 7-years. SMILE. Yes, I have held the same stock for 7-years. SMILE.

So, that is my piece on this.


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by Anura Guruge


 

As With Tariffs, I AGAIN Nailed, 100%, Donald Trump’s EMPTY Chinese Delisting Threat.

by Anura Guruge


All I can say is:

QED.

{look it up. It will do you good.}


From “Barron’s”. Click if you want to access original. Google for plenty more.


Click to access my post from just 2-days ago.


Click the PIG to access the original ‘Reuters’ coverage.


It is TOO, too easy. He is just an obese cry-baby. That folks believe his tripe and even worse that it affects the stock market just confounds I. How can people be so …. there, alas, is but one word, viz., ‘stupid’.

He has yet to full me once.

Yes, I knew he would become president. Told people that in February 2016. I wasn’t fooled by the polls either, and I am not fooled by them now.

I can read him like a cartoon.

But, I also know that he will WIN a second-term.

He will not be impeached.

Yes, I know all of this. It is not easy being I.

But, I also know how to use all of this to help me with my investing. SMILE. So, there are compensations. SMILE.


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by Anura Guruge

Donald Trump’s Threat To Delist Chinese Stock Is Another EMPTY Threat — Just Meaningless Braggadocio.

by Anura Guruge


Click the PIG to access the original ‘Reuters’ coverage.


Click to access my post from just 2-weeks ago.


As with all the threats about tariffs, this Summer, that so roiled the stock market, this is Donald Trump being who he is; pandering to his base and trying to distract folks from the looming impeachment.

It is true that 90% of Trump’s base will have no bloody idea what this is all about. Delisting stock? Nearly all of them have never owned stock.

But, the stock market reacted — yet again — on Friday. Makes me laugh.

Yes, I own Chinese stock — Alibaba and JD.com. But, I am not worried at all, at all. Actually I would like Trump to try and delist those two stocks — the most popular of the Chinese stock. I can actually make money on that. SMILE. When you know what you are doing you can make money on stock in either direction — as long as you have a conviction as to which way it is going.

This is a BLUFF.

This is Trump crying ‘wolf’.

This will never happen.

Pigs will fly before this will ever come to pass.

If I am wrong I will eat a pig. Promise.


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by Anura Guruge

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