Stock Market (14 Viewers)

[Bjerknes]

it’s not for one reason, it’s a big complicated move that includes older folks retiring or retiring early to people moving to better paying jobs or leaving the workforce all together. It’s basically a culmination of the wage to cost of living gap that we see increasing every year.

I think that's a very interesting development. And I don't really understand it. I mean, I get the reasons & ideas behind it and I'm sure some people can make it work on a personal level, but as a society?

There are a bunch of younger professionals in their late 20's and 30's who are giving up their jobs, too. Someone on my team resigned because he didn't get a bonus he was expecting. So I think people are just giving up on stressful jobs.

We could always try to promote a more European-style professional life, but that has other consequences, such as lower pay. And nobody is going to want to do that either.

 

Buy on AliExpress.com

[IliveForJuve]

Is it? Looks like a company in decline to me. Their core business in FB and Insta is struggling, and their push into the metaverse seems more like a marketing gimmick than an actual business model.

Stock price will probably go down a bit more so I'm waiting to see what happens.

Regarding the business itself, I think they have a real gem with WhatsApp (which they've barely monetized). If they can expand their in app payment features, I see a lot of money coming their way. It would be MASSIVE.

 

[Bjerknes]

Time to jump on Facebook

It is on the 250-week EMA.


Leaps are expensive, but might be worth some shares for the long-term.

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My XLF calls are doing well, should have bought more. FML.

 

[icemaη]

There are a bunch of younger professionals in their late 20's and 30's who are giving up their jobs, too. Someone on my team resigned because he didn't get a bonus he was expecting. So I think people are just giving up on stressful jobs.

We could always try to promote a more European-style professional life, but that has other consequences, such as lower pay. And nobody is going to want to do that either.

The combination of better hours, benefits like mandatory vacation days and job security coupled with social safety net makes up for the lower pay I suppose. But other than probably better hours, none of the other things are going to fly in the US as far as I can tell.
You guys consider anything other than working people to the ground communist

 

[AFL_ITALIA]

There are a bunch of younger professionals in their late 20's and 30's who are giving up their jobs, too. Someone on my team resigned because he didn't get a bonus he was expecting. So I think people are just giving up on stressful jobs.

We could always try to promote a more European-style professional life, but that has other consequences, such as lower pay. And nobody is going to want to do that either.

I did it before it was cool (the pandemic) and it worked out very well for me. Personally I see it as a good thing, and I hope it works out for more of them. A business has shit pay and doesn't treat employees well? Suffer then.

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Stock price will probably go down a bit more so I'm waiting to see what happens.

Regarding the business itself, I think they have a real gem with WhatsApp (which they've barely monetized). If they can expand their in app payment features, I see a lot of money coming their way. It would be MASSIVE.

Would they need a bank charter for this? They have Oculus too, but not sure how big that is for them.

 

[alaska]

Any of you trade commodity futures and/or options? I am interviewing for a job that would be a great opportunity...but the catch is that I would be forbidden from buying/selling stock in any individual businesses for compliance reasons.

Related thought experiment: If you had to "lock in" your portfolio for five years and couldn't make a single trade, what would you hold?

 

[icemaη]

I did it before it was cool (the pandemic) and it worked out very well for me. Personally I see it as a good thing, and I hope it works out for more of them. A business has shit pay and doesn't treat employees well? Suffer then.

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Would they need a bank charter for this? They have Oculus too, but not sure how big that is for them.

Whatsapp already does payments in India, but the backbone of that is the (dare I say excellent) UPI payment system created and run by the government. Private companies use the payment system and build services on top of that. Whatsapp only does P2P transfers at the moment (the transfer is bank to bank), others like Google Pay and other Indian companies facilitate things like bill payments and prepaid recharges. For Whatsapp to do the same in other markets, they will have to create a whole new system from scratch. While I agree with IliveForJuve that Whatsapp is a golden goose if they can monetize it right, it's really hard to do that without alienating the current user base. They do have Whatsapp Business accounts that are charged. In developing countries it is used quite extensively.

No idea what Facebook was thinking rebranding Oculus btw. One of the few brands in the AR/VR space that had good, positive brand recognition.

 

[AFL_ITALIA]

Any of you trade commodity futures and/or options? I am interviewing for a job that would be a great opportunity...but the catch is that I would be forbidden from buying/selling stock in any individual businesses for compliance reasons.

Related thought experiment: If you had to "lock in" your portfolio for five years and couldn't make a single trade, what would you hold?

In this situation, maybe it would be best to just have broad market exposure with a few ETFs?

I had a job where I couldn't trade from 2016 - 2019, missed out on so much money for that shit. Make sure they pay you well enough to compensate, because my place sure as hell didn't.

 

[alaska]

In this situation, maybe it would be best to just have broad market exposure with a few ETFs?

I had a job where I couldn't trade from 2016 - 2019, missed out on so much money for that shit. Make sure they pay you well enough to compensate, because my place sure as hell didn't.

That's probably the snag. It would be a raise, but not an astronomical one. And probably more interesting work, but also higher volume/worse work-life balance. And I would be able to own "diversified" products. I'm curious whether I can play the "build your own basket/etf" game and construct my own diversified basket that I would buy regularly, but that might be too cute. Hence the interest in buying commodities, where my employer would have no material nonpublic information.

2016-2019 was a rough spell to miss out on, but you try to play the hand you're dealt. Was it a finance role, or maybe government? Trying to understand what industry would have super strict compliance issues but also not pay commensurate with the opportunity cost of not being able to trade. For my situation it's a biglaw risk management gig, fwiw.

 

[AFL_ITALIA]

That's probably the snag. It would be a raise, but not an astronomical one. And probably more interesting work, but also higher volume/worse work-life balance. And I would be able to own "diversified" products. I'm curious whether I can play the "build your own basket/etf" game and construct my own diversified basket that I would buy regularly, but that might be too cute. Hence the interest in buying commodities, where my employer would have no material nonpublic information.

2016-2019 was a rough spell to miss out on, but you try to play the hand you're dealt. Was it a finance role, or maybe government? Trying to understand what industry would have super strict compliance issues but also not pay commensurate with the opportunity cost of not being able to trade. For my situation it's a biglaw risk management gig, fwiw.

Sounds like it could be worth it at least . It was an undesirable, unvalued billing/accounting role in one of the big three credit rating agencies where I had access to material nonpublic "information," if you could call it that, because I had access to a certain software program within the company that stored rating information and press releases. Conveniently, my managers didn't and were therefore exempt from this of course . Knowing a lot more now than I did then, maybe I could've done the same with some ETFs or something, but nothing I can do about it now.

 

[campionesidd]

Sounds like it could be worth it at least . It was an undesirable, unvalued billing/accounting role in one of the big three credit rating agencies where I had access to material nonpublic "information," if you could call it that, because I had access to a certain software program within the company that stored rating information and press releases. Conveniently, my managers didn't and were therefore exempt from this of course . Knowing a lot more now than I did then, maybe I could've done the same with some ETFs or something, but nothing I can do about it now.

The rules suck man. It's the common man who suffers the most while the rich guys exploit all sorts of loopholes.

 

[IliveForJuve]

Softbank, who own almost 25% of BABA seem to be getting ready to sell. 85% of their portfolio is BABA so mofokers need to diversify.

Already got a stack of cash ready for BABA when the stock price hits $85

 

[Bjerknes]

Made 120% on a quick PTON day trade.

 

[Nzoric]

There are a bunch of younger professionals in their late 20's and 30's who are giving up their jobs, too. Someone on my team resigned because he didn't get a bonus he was expecting. So I think people are just giving up on stressful jobs.

We could always try to promote a more European-style professional life, but that has other consequences, such as lower pay. And nobody is going to want to do that either.

Our median income is 10-15% higher than in the US


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[Bjerknes]

Our median income is 10-15% higher than in the US


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It's hard to compare the United States to a small country like Denmark. Some things may work, others will not.

 

[Cerval]

It's hard to compare the United States to a small country like Denmark. Some things may work, others will not.

They are going to increase interest rates gradually, so imo we should still be good a for a little while.

 

[Bjerknes]

They are going to increase interest rates gradually, so imo we should still be good a for a little while.

Quite possible, but all we need is some sort of trigger. Back in 2007-2008 we had commodities soaring and then stawks languished for several months, until the eventual bank failures in the fall that caused the crash. People say it's different this time, but is it really?

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10 year yield SOARING

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[Siamak]

intresting...

https://www.changeonline.com

 

[campionesidd]

Our median income is 10-15% higher than in the US


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The US is meh if you have an average income, but is great if you have a higher income. From what I’ve heard it’s not as easy getting high paying jobs in Europe compared to the US.

 

[lgorTudor]

The US is meh if you have an average income, but is great if you have a higher income. From what I’ve heard it’s not as easy getting high paying jobs in Europe compared to the US.

Job mobility here is non-existant

impossible to get hired
impossible to get transferred
impossible to be let go

This is why employers don't take risks with high salary on a potential bum. Because being a bum is literally protected by labor law here.

First time you arrive at a job and see your desk, this is where you will be spending the next 35 years on the same conditions. Good chance next to your workplace there is some fart with a typewriter from 1987.

Good or bad, it depends on your gameplan.