Perspective
Well-known member
morekaos said:
"Money manager"? Hah, soo early 2000s. If you have money to invest, read, learn, and don't waste money on grifters.
What the "Dow" is happening?
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"Money manager"? Hah, soo early 2000s. If you have money to invest, read, learn, and don't waste money on grifters.
morekaos
Well-known member
Yes I am sure your Robo advisor is answering phones today....or crashing as they often do. My clients like the human factor and are more than happy to get what they pay for.
Robo advisor websites crashed, cutting clients off from accounts
Robo advisors haven?t had much experience with market routs. When confronted with one on Monday, they struggled.
The web sites of two of the country?s biggest robo advisors ? Wealthfront and Betterment ? crashed as the S&P 500 sank 4.1%. Complaints quickly spread across Reddit and other Internet sites from people who had trouble logging onto their accounts. ?Really?? wrote @jlpatel23 after he received a message from Wealthfront saying its site was down.
The glitches represent a setback for a niche of the financial market industry that has been booming of late as people have become more comfortable making investment decisions without speaking to human advisors.
https://www.financial-planning.com/articles/robo-adviser-websites-crashed-cutting-clients-off-from-accounts
Robo advisor websites crashed, cutting clients off from accounts
Robo advisors haven?t had much experience with market routs. When confronted with one on Monday, they struggled.
The web sites of two of the country?s biggest robo advisors ? Wealthfront and Betterment ? crashed as the S&P 500 sank 4.1%. Complaints quickly spread across Reddit and other Internet sites from people who had trouble logging onto their accounts. ?Really?? wrote @jlpatel23 after he received a message from Wealthfront saying its site was down.
The glitches represent a setback for a niche of the financial market industry that has been booming of late as people have become more comfortable making investment decisions without speaking to human advisors.
https://www.financial-planning.com/articles/robo-adviser-websites-crashed-cutting-clients-off-from-accounts
Perspective
Well-known member
morekaos said:
Nope, you don't need a robo-adviser, or any other type of wealth adviser. Just boring low-cost index funds.
Warren Buffett wins $1M bet against hedge funds and gives it to girls' charity https://www.usatoday.com/story/mone...-against-hedge-funds-girls-charity/996993001/
A few thoughts on this sell off
People keep blaming the fed but rising rates are not the real problem . If economy is expected to grow at a faster pace than Fed is hiking rates , it is totally not a problem
What is happening, as I have mentioned several times before , is stocks have an extremely high hurdle rate to clear for 2019 ? set by 2018 earnings which were just exceptional so far , juiced by tax cuts and solid topline growth in the US
but stocks always look forward ? so what began as a sell off in emerging markets and then cyclicals and then small caps has now spread to large cap growth . Rotation from growth into value ? notice how telecom stocks like Verizon close to 1y highs
Why are rates not lower ? As mentioned earlier (I forgot which thread I said this in) ?
the fed is Locked and loaded into quarterly hikes and not blinking . But the mortgage experts here will notice that long dated rates (long bonds) have started to rally again . This is the market telling fed , we don?t see the long term pickup in growth that you are seeing . And with short term trade wars, there is also the risk of a policy mistake .
For where long rates go in the future - carefully watch European (German) bonds ? they will somewhat dictate us long dated interest rates .
I bought tactically in feb and then got out recently in August , missed some of the upside , but now it?s worked out in hindsight . For me to buy this market again , I need to see 1) less disruption from trade 2) signs that 2019 earnings forecast don?t start to come down yet again .
Market will be higher tomorrow ? Machines don?t want to be short before a weekend in case trump and xi Renew their love . Remember when I said ignore the new nafta nonsense , it is all about China ?
Don?t forget to pay the purple font 3 percent commission for this free advice
People keep blaming the fed but rising rates are not the real problem . If economy is expected to grow at a faster pace than Fed is hiking rates , it is totally not a problem
What is happening, as I have mentioned several times before , is stocks have an extremely high hurdle rate to clear for 2019 ? set by 2018 earnings which were just exceptional so far , juiced by tax cuts and solid topline growth in the US
but stocks always look forward ? so what began as a sell off in emerging markets and then cyclicals and then small caps has now spread to large cap growth . Rotation from growth into value ? notice how telecom stocks like Verizon close to 1y highs
Why are rates not lower ? As mentioned earlier (I forgot which thread I said this in) ?
the fed is Locked and loaded into quarterly hikes and not blinking . But the mortgage experts here will notice that long dated rates (long bonds) have started to rally again . This is the market telling fed , we don?t see the long term pickup in growth that you are seeing . And with short term trade wars, there is also the risk of a policy mistake .
For where long rates go in the future - carefully watch European (German) bonds ? they will somewhat dictate us long dated interest rates .
I bought tactically in feb and then got out recently in August , missed some of the upside , but now it?s worked out in hindsight . For me to buy this market again , I need to see 1) less disruption from trade 2) signs that 2019 earnings forecast don?t start to come down yet again .
Market will be higher tomorrow ? Machines don?t want to be short before a weekend in case trump and xi Renew their love . Remember when I said ignore the new nafta nonsense , it is all about China ?
Don?t forget to pay the purple font 3 percent commission for this free advice
aquabliss
Well-known member
qwerty said:Futures are up 250!!!! Back to making money!
Want to make money tomorrow? Follow my lead. Wake up at 6:30am and buy tomorrow expiry out of the money puts on QQQ and SPY. If the Dow opens up 300 or 400 points, S&P and Nasqaq will follow and these puts will be dirt cheap as soon as prices adjust at open.
I have a feeling big money will be selling at open if there is a bounce and downward pressure will ensue and markets will fall into the afternoon. Sell before close for huuuuuuuge (Donald Trump accent) gains.
I?m not always right but I have a good feeling about this one and I?ve been cashing in the last 2 Days.