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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

Am I The ONLY ONE That Has Worked Out That Donald Trump Will ALWAYS Delay Enforcing Tariffs?

by Anura Guruge


Click to access the WSJ original. Google for more.


Click to access my post.


Well, lets face it. You can, if you squint hard enough and put on rose-colored specs, see that Donald Trump and I are twins separated at birth.

No wonder I can understand him and predict what he is going to do. We are so, so very alike — he is just better looking and is rich.

Let me tell you. Donald is NOT serious about tariffs. He is just using it as a cudgel. Don’t get excited about it. Play the market assuming that the tariffs will ALWAYS be kicked down the road.

Trust me.

IF you don’t, go back and look.

He has always, push come to shove, delayed tariffs at the 10th hour. The GOOD, KIND, GENEROUS man he is, he does NOT wait until the 11th hour. He does it earlier. Bless his BIG heart.

So, now you know.

Trump is not serious about tariffs.


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by Anura Guruge

EXACTLY As I Predicted Trump Backs Down On Key China Tariffs. I Can’t STOP Smiling.

by Anura Guruge


Click to access my posts of 11-days ago.


Click to ENLARGE. From CNBC from a FEW minutes ago.


From ‘marketwatch.com’.


It really is like stealing candy from a baby!

I live off the stock market and have done for the last 12-years.

So, it helps if you can anticipate what is going to happen and in my DOTAGE I have, to my own amusement, have got good at this. Yes, it PAYS. SMILE. Thanks.

Old age and experience really does help.

Just 15 or 16 years ago I would listen to the investing advice of old men and wish I could be so sanguine and sage.

NOW I am one of those old men, and I am loving it.

While others panic and sell, I rebalance and wait for the bounce. I actually rebalanced yesterday because I knew the bounce was imminent. What can I say.

Yes, I can give you advice on investing. SMILE.


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by Anura Guruge

I Believe That ‘Pinterest’ (PINS) Stock Could Be The Next ‘Etsy’ Or Even A Micro-AMZN!

by Anura Guruge


Click to ENLARGE. From ‘marketwatch.com’. Symbol PINS.


I got into Etsy and AMZN late — though in the case of AMZN it would be very. v. v. churlish of I to complain. SMILE.

Well, with PINS I am hoping NOT to make that mistake. From what I can see PINS is in a great position to greatly improve upon its user base and Ad. revenue. So, I got into PINS shortly after the IPO. It was a tough road to hoe the last few weeks but today it was pay dirt. Still a long way to go BUT I am typically a VERY LONG TERM buy-and-hold investor.

So, I am banking on PINS. I don’t own that many as yet. But, I will slowly increase my stake.

So, just wanted to SHARE this with you. Have a look. What have YOU got to lose?


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by Anura Guruge

Why Does The Stock Market React To Trump’s Tariff Threats — He ALWAYS Backs Down!

by Anura Guruge


Click to ENLARGE and savor. From ‘marketwatch.com’.


Just don’t get it. The stock market did it AGAIN today. Reacted BADLY when Trump threatened China with more tariffs.

But, am I the ONLY one who has noticed. He always, but always, backs down at the last minute and kicks the can down the road.

Has done it with Canada, with Mexico, with the EU and with China.

He is all bluster and no trousers.

Just can’t understand why the market reacts. It should just ignore the threats. He has cried wolf way too many times. He is just bluffing.


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by Anura Guruge

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