Recent comments in /f/wallstreetbets

reddituseranyonymous t1_jecv7et wrote

I have an Etrade account near ATH I asked for help, they gave me a guy from Morgan Stanley. I asked him about cashing out my options and buying $QYLD he said not to. I didn't really have another plan. I should have just said fuck it and done it anyway. Had I done so Id have about 1500 shares of $TSLA, 20,000 shares of QYLD and enough cash left over for a 20% down payment on a house.

I looked at the QYLD dividend history since my ATH. The smallest was $0.169.... at 20k shares that's $3380/month, just about 40k a year. Not enough to quit and retire early, but enough to set things on cruise control.

Heck. I could have increased my 401k contribution at work, lowering my taxable income from work, and offset some of the in taxes from the dividend payments.

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ValueScreener t1_jecv1hx wrote

They don’t have low costs deposits now. They’re surviving on loans from other banks and the federal home loan bank.

Those loans cost a lot more than the deposits they are replacing. Profits are going to suffer until depositors trust the bank again. No one know when or if that will ever happen.

I analyze banks for a living. My advice, only invest what you’re willing to lose. This is a gamble.

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FTRFNK t1_jecupnz wrote

I hope law school got you paid well because you're clearly a regard in any other area or understanding anything about how the market works or how corporations raise money, grant equity, and pass value to shareholders. Also, I really hope english isn't your first language because it makes me doubt you actually got paid as a lawyer. I'm sure you had to draft something in writing? I really hope you didn't mess up which with witch in any legal documents.

Here's a video to help you, seems like it's appropriate for your level:

https://youtu.be/GnJCOof2HJk

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mrnotadvice OP t1_jecui51 wrote

I don't know your strategy etc. but I can tell you that my average hold is 10days with an average return of at least 50%. And no, I am not shitting you. I have posted some of my trades here but if you want to actually learn, join my subreddit. It;s just a group of us who trade and don't really have time for about 90% of the garbage replies here. We can chat there but you can also see my trade sheets - I have to update since I closed three more today. One was for +85% in 2 days. Others were +56% in 1 day and +41% in 12 days.

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VisualMod t1_jecu8yl wrote

>I think the main reason why I don't care about DeFi is because it's still very new and unproven. There are a lot of projects that have failed already, and I think there's a good chance that many more will fail in the future. I'm also not convinced that it offers anything particularly unique or valuable compared to other assets like USD, gold, or Bitcoin.

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DN-BBY OP t1_jecu8sa wrote

Answer: Because "defi" doesn't matter in the context of currency / store of value.

No government will ever give up control of monetary policy, so selling an asset class like it's out side of government control and will grant you independence as a good thing is just plain nonsense. It's basically the same rationale as gold bugs saying that when the world ends, you just need to buy gold and guns. While gold does have inherent value, when the world ends, gold is useless.

Same with defi. The government will always want control, so there will never be a dominant currency with anonymity or under no one's control. It will always be a side show. And those that advocate it probably are criminals at heart and just want to money launder.

Now defi as a concept is great! Just not a good sales point for crypto currencies. Just like hoarding gold when nukes go off is not a good selling point for gold.

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