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I only use Amazon Echos for streaming SXM music. I'd use Apple Homepods, but they require you to stream SXM from the phone TO the homepod, which kinda defeats the purpose of a voice assistant / onboard capabilities in my view. (I just started dabbl…
BBG reporting that Genesis may seek Chapter 11. This will be HUGE in crypto-land since among other things, their lending operation underwrote many of the popular income-generating products offered at crypto brokerages -- even the more adult and repu…
@rforno- Since you had steak for dinner it would seem to suggest that you didn't have a lot of money "invested" in this silliness.
In 2021 I setup an account w/Gemini in NYC due to how heavily regulated it was and low-key. They didn't sponsor NBA te…
Digital Currency Group owns Genesis and Grayscale Investments (ie, GBTC). Per Reuters, they just tried to get a $1 billion loan to help them deal with a "liquidity crunch due to certain illiquid assets on its balance sheet" at Genesis (ie, FTX). I…
Doesn't look like it's available to retail folks at Schwab, even with the 500K minimum: https://www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/capital-appreciation-fund/i-class.html
Interesting pick @rforno. Has IEP sold all or just some of its casino holdings? I see that they bought a worthless(?) Trump property in 2016.
Yup - sold it to, IIRC, Hard Rock. Still took a loss on it, though.
Initiated starter position in IEP at 51.50 following today's ex-div. Always wanted to join Uncle Carl's diversified hedge train; and his son's doing a solid job as his presumptive successor, too.
More dominos falling. This one is BIG BIG BIG .... they're the prime lender for most crypto-lending platforms that generate huge yields to various 'sophisticated' investors[1]. I used them with Gemin Earn to get 8% on 'deposits' lent out as cryp…
Sam Bankman Fraud is sure acting/tweeting rather squirrelly these days, which doesn't exactly inspire confidence to anyone -- especially the investigators.
Regarding my forray into crypto in recent years:
- I'm glad my 'traditional' investing horse-sense/experience kept me safe and skeptical, meaning I did the necessary due diligence on investments, (counterparty) risks, & exchanges.
- I'm glad I…
I just noticed Giroux still owns GE. As of 10/31/22 GE is 2.35% of assets.
yes, he said he's holding it with the upcoming break-up in mind. three separate outfits. (wealthtrack.)
I don't blame him. GE remains on my watchlist b/c I am interested …
WSJ just now:
"Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said.
FTX C…
Former billionaire (just a couple of days ago) SBF is reportedly bankrupt
Ha, and I thought my portfolio was down.
Whatever we think of Crypto now, and I agree it seems to be like playing Russian roulette in the wild west, some form of this techn…
I always thought SBF was playing games when it surfaced that he likely was using his Alamedia Research to 'fund' FTX;s needs. Sooner or later, the bill comes due and the music stops playing. Not looked too deeply into it yet, but it sounds like he…
Scratched an itch today, it was too hard to just watch it and do nothing. I added to two preferred shares I've held for a long time CHSCL ( 7.50%) and CHSCO ( 7.875%).
Excellent holdings. I'm sorry I pulled out of them years ago, but one of them (…
To quote Sir Humphrey Applby: "...to lose one cabinet minister may be considered misfortune, to lose both looks like carelessness."
Cue the Benny Hill theme.
If this is opt-in, okay....I won't. But if this is some kind of 'special discount' you get by sharing your data with an insurer and/or are "induced" into doing it, I will toss my Apple Watch aside faster than you can say "privacy geek."
This could…
I wondered how soon after AMG bought them that they'd start rolling out new stuff or tweaking existing products.
PRILX (which I used to love, but got out of last year) has been more growthy in recent years, so is this really necessary? Unless it's…
IMO trying to parse inter-meeting FedBabble is akin to debating whether the weatherperson is saying the outside temperature is 57 or 59 degrees with greater accuracy. You're better off going outside for yourself and see if it's comfortable enough w…
I disagree that only those who didn’t need money got low rate loans:
https://spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/high-yield-bond-and-leveraged-loan-sales-top-1-trillion-in-2021-67670013
For investors as opposed to …
Unlike 2008 and the GFC, I don't have that 'existential sense of dread' that the system was in real danger of coming apart at the seams and that the very fabric of the world economic system was failing. This seems, I think, to be a more 'normal' so…
LOL brilliant.
I should launch FADE, an ETF that shorts the long ideas of 'rock-star' investment managers (Woods, Hassentab, etc) and investment bank CIOs (Hazlus of Goldman).
She's done well by being in the right place at the right time when tech stocks shot the moon in recent years. Frankly I think she's reckless with other people's money, trades in/out of things too bleepin' much chasing momentum, and has far too much …
