Advertisements
Archive | Investments RSS for this section

Fidelity Investments: FINALLY An Admitted ERROR In Their Cash Balance Accounting!

by Anura Guruge


Click to ENLARGE.


I have long suspected that Fidelity’s much vaunted computer system is not as infallible as they like to claim. As someone who uses it daily, multiple times a day, I have, over the years encountered various vagaries. But, when I call up, they (i.e., Fidelity) always have an explanation.

Not so TODAY. Caught them with their pants down. Very exposed.

My balances did NOT add up. I kind of know what they are (at any given time) and what was being shown just did NOT compute. It also was not inline with what they were showing on my ‘Positions’ page.

So, I called. As always their first reaction is to gently humor you and show that they are right and you are wrong.

Not so today. He tried …. then he was stumped. It did NOT add up. You could see it clear as day. He started blathering … he had to call me back.

He did.

IT WAS AN ERROR in their system!

A few others had called too.

Had to do with today being a HOLIDAY though the stock market is open. But, option trades from last Friday are not being reconciled today because the option markets (most likely in Chicago) are closed. Hence, the error. But, it should not have happened.

They were suitably embarrassed and chastened. I finally caught them.

Ha, Ha, Ha.


Related Posts:
Check Category ‘Investments.


by Anura Guruge

Advertisements

IBM’s Proposed Overpriced Acquisition Of ‘Red Hat’ Will NOT Stem The Bleeding.

by Anura Guruge


This from “MarketWatch”. Click to ENLARGE. Google for more coverage.


Click to access my recent post.


They ENDED up buying the ‘Weather COMPANY’ without the Channel. But, they made the acquisition nonetheless. Click to access my post.


Another desperate, drunken-lurch by ‘gin-and-tonic’ Ginni Rometty to distract the market & investors and DESPERATELY cling onto her job for another year.

This is but a shiny object to distract.

Open Source Linux will NOT stem the bleeding at IBM. Red Hat, of late, was also losing money.

Open Source does NOT command the margins that IBM needs — and got so used to, for over 70-years, with its PROPRIETARY systems, e.g., mainframes, 8100s, S/36s etc.

The market has changed, fundamentally.

Over the last 30-years IBM missed every single major market move. It let the likes of Google, Apple, Facebook, Twitter, NVidia steal the show.

Oh, and don’t forget IBM has its own version of UNIX, AIX — and has had it for 20+ years. It will take years to transition from AIX to a different flavor of Unix.

IBM’s days as an acquirer are gone.

IBM needs to be ACQUIRED by the likes of Amazon or Google.


Related Posts:
Search on ‘Amazon& ‘IBM’.


by Anura Guruge

IBM’s AI-Genius Watson Would Agree — Ginni ‘Tonic’ Rometty Needs To Be Fired.

by Anura Guruge


Click to ENLARGE.


Click to ENLARGE. Base chart from ‘MarketWatch’, of course.


Click to access my post from May 2017.


This is beyond crazy. She is bleeding this iconic company to death.

This not fair. It is stupid. This is political-correctness gone wrong.

IF she was a man she would have been fired 3-years ago.

Keep her on is crazy. Ask Watson.

I ‘speak’ here as a proud ex-IBMer, one who made a decent living for 30-years as an IBM ‘expert’ and one who has been accused, more than once, of ‘bleeding blue when cut‘ (‘Big Blue‘ being IBM’s nickname).

This has gone on for long enough. She has made a lot of people lose a lot of money.


Related Posts:
Search on ‘Amazon& ‘IBM’.


by Anura Guruge

Tesla Going Private — Why You Should Always Back Elon Musk.

by Anura Guruge


Click to ENLARGE & enjoy.


I have learned from experience, good rather than bad, that it is always best to embrace Elon Musk rather than better against him. Yes, I talk as one lucky enough to have owned PayPal stock from day one. I had been invested in eBay for decades. So, when the PayPal spin-off came I automatically got PP shares. Since then I have sold most of my eBay and bought PayPal. That is how I realized that Elon Musk can make you money.

Two (maybe three) years ago I bought a FEW (and I truly mean) FEW shares of Tesla for $240. It was an expensive and risky stock. I held on to my few shares through thick-and-thin. I just wish I had bought more, but I never complain. If you make money, it is always a good thing. There is no point worrying about the money you didn’t make. Just enjoy and be pleased with what you did make.


Related posts:
Check Category ‘investments‘.


by Anura Guruge

Wendy’s, Concord (NH) Was Streaming News & Stock Market Quotes From 6-Days AGO!

by Anura Guruge


Click to ENLARGE.


Very strange. Inexplicable, weird and kind of disconcerting.

We were in Concord today and Teischan, given a choice of what and where to eat, quite surprisingly chose Wendy’s — even though we had suggested her usual favorite, Friendly’s.

They have changed the menu and I am not sure whether it is for the best (and I do happen to own Wendy’s shares).

They, as is their practice, had two large TVs. It was streaming news and stock market happenings including stock prices. I had not checked any stock in a few hours but seeing Google down $15 did not seem right. I didn’t get too excited to begin with. I then saw some references to the trade war with China! That seemed wrong. I had heard, in the morning, that we had declared a truce on that. Ahhh!

Then I happened to notice the day and time. May 15. It was May 21. The time was also wrong.

Tried to explain this to an oriental manager. He was not too conversant with the English.

Strange ….


Related posts:
Search on ‘Burgers’.


by Anura Guruge

Amazon’s Call Centers In Philippines Are Unbelievably Proficient — Just Amazing!

by Anura Guruge




Yes, it was not always the case and I do remember, vividly, getting very upset with the then Manila Call Center. But, those were the early days.

They really have worked diligently to really up their game. Over the last few years they have become REALLY, REALLY GOOD. Staggeringly good. So much so that I look forward to hearing a Filipino voice on the line. I then know that I will get outstanding service.

I had a call with them ‘today’ (i.e., Monday) to sort out a return from prior to Christmas.

The lady I dealt with, at the Cebu Call Center, was just OUTSTANDING. The dedication is beyond the pale. They are so committed and so well trained. It took her awhile and I was put on hold a few times but in the end she sorted it all out — immaculately. Then even confirmed it all in an e-mail without I having to even ask for it.

The Philippines have done well.

Until ‘today’ I did not realize that they now had multiple Call Centers in the Philippines and Cebu is a fair distance from Manila.

Amazon did well — as ever (I guess). When they first started off in the Philippines I thought they had made a horrible mistake. They have been vindicated. Yes, it is all training and I guess staff-retention. But, they have done well.

As an Amazon shareholder I am very proud and happy.


Related Posts:
Search on
 ‘Amazon’.


by Anura Guruge

Sales Of Propecia, Trump’s Anti-Baldness Drug, Will Go Through The Roof — Buy MRK Shares.

by Anura Guruge


Click images to ENLARGE.




Shares of ‘Propecia’ maker Merck & Co. (MRK). From ‘marketwatch.com’ — where else?



Wow! Best plug Merck (MRK) has had in years. Will do wonders for the sales of PropeciaErectile Dysfunction (ED) or no dysfunction.

This will be great for shares of MRK.

MRK shares, as you can see from the graph above, have already taken off. But, at ~$62 you should definitely get some.

I was curious as to why my doctors had put me on Cardura for prostate health rather than Propecia — given that I need all the help I can get when it comes to retaining the little hair I have. Now, I know. My doctors have always known what is important to me. Hair or ED? I don’t think that there is even a choice.

But, buy MRK. You will thank me. Don’t take Propecia. You will thank me.


Related Posts:
++++
Search on ‘Trump’.


by Anura Guruge

%d bloggers like this: