Stock Market, Business, and Investing General - News, Tips, etc

I was all but sure that yesterday's rally took one or two anticipated rate cuts off the table. Now I'm constraining that prediction to one, if not zero.
 
NoReturn said:
Can anyone explain to me why Robinhood dropped fractional shares?
"You can sell, but not buy, teehee."
Why?
Click to expand...
Fractional shares are awesome. Especially with stock prices being so high. Vanguard only allows fractional shares of their ETFs, which is one reason that I want to transfer out but I am too lazy

It also cracks me up when someone buys 0.0001 shares of BRK.A
 
  • Like
Reactions: Barry Williams and NoReturn
NoReturn said:
Can anyone explain to me why Robinhood dropped fractional shares?
"You can sell, but not buy, teehee."
Why?
Click to expand...
I don't know the exact reason why Robin Hood did so, but they are a pain in the ass for the brokerage to handle. When you trade fractional shares you're not actually trading them on the market which only accepts whole shares; the brokerage has to make up the short portion either by finding other people trading factional shares (which reduces liquidity) or holding some shares itself. Could be just cost-cutting.

I personally do not like fractional shares at all and don't see the point in using them other than in passive retirement accounts you are robovesting into.

Hollywood Hulk Hogan said:
Fractional shares are awesome. Especially with stock prices being so high. Vanguard only allows fractional shares of their ETFs, which is one reason that I want to transfer out but I am too lazy

It also cracks me up when someone buys 0.0001 shares of BRK.A
Click to expand...
If you can't afford at least one (1) share of any stock other than BRK.A you shouldn't be buying it.
 
  • Informative
Reactions: babadook and NoReturn
a terminal posture said:
I personally do not like fractional shares at all and don't see the point in using them other than in passive retirement accounts you are robovesting into.
Click to expand...
Sometimes one stock too expensive to buy all at once.

a terminal posture said:
If you can't afford at least one (1) share of any stock other than BRK.A you shouldn't be buying it.
Click to expand...
That's the bitch and exactly how this question came up irl, which made me ask here, lol.
 
  • Like
Reactions: TheRedChair
Fractional shares are nice to keep this shit from happening:

Funds available to trade $0.08

But robinhood was using them as chips for a fucking casino and now that the market is volatile or trending down, having to buy BRK.A so some debtnigger can own 0.0001 shares of it ain't so delightful on the balance sheet.

Robinhood is going to fucking die
 
  • Like
  • Agree
Reactions: Hollywood Hulk Hogan, NoReturn, Spasticus Autisticus and 2 others
reptile baht spaniard rid said:
But robinhood was using them as chips for a fucking casino and now that the market is volatile or trending down, having to buy BRK.A so some debtnigger can own 0.0001 shares of it ain't so delightful on the balance sheet.
Click to expand...
In that case, should anyone who bought it hold it just to fuck them over?
 
  • Thunk-Provoking
Reactions: Lady Bizness
PBoC intervened in the stock when it dropped and released a curious statement with Huijin. See this press release:
Huijin means "To transfer funds"
Early this morning, the People's Bank of China and the Central Huijin Company made important statements. Central Huijin has made it clear that it is in the "national team" in the capital market and plays the role of a quasi-"equalization fund". The central bank said it would provide sufficient relending support to Central Huijin if necessary.

Huijin is responsible for the investment, the central bank has pledged to give money, and the Chinese version of the equalization fund has surfaced, which has helped to ease market worries and boost market confidence.

Recently, the U.S. government's indiscriminate tariffs have triggered sharp volatility in global markets. On April 7, the market ushered in "Black Monday", and A-shares fell sharply. At the end of the day, Central Huijin announced that it was firmly optimistic about the development prospects of China's capital market, fully recognized the value of the current A-share allocation, and said that it had increased its holdings of ETFs again and would continue to increase its holdings in the future.

For a long time, the "national team", which is dominated by large funds such as Central Huijin, has been regarded as the backbone of the market. Previously, Central Huijin has repeatedly made moves at important moments to increase its holdings in the secondary market.

This time, in addition to Central Huijin, a number of central enterprises have increased their holdings of Chinese stock assets. China Chengtong and China Guoxin increased their holdings of ETFs and shares of central state-owned enterprises through their subsidiaries, and seven listed companies under China Merchants Group collectively issued announcements planning to speed up the implementation of share repurchase plans. More buyback announcements are being released one after another.

At the critical moment, the "national team" made a move, firmly optimistic about the development prospects of China's capital market, and released a strong signal to stabilize the market. (Reporter Liu Yujia, Liu Hui)
Click to expand...
 
  • Informative
  • Thunk-Provoking
  • Like
Reactions: CryingLaughing, Male Feminist, Combustion Engine and 1 other person
DSP's Tax Lawyer said:
You think there will be market stability? Haha back to gulag with you
Click to expand...
I was very clear about the fact that I wasn't making a future prediction. I was talking about enjoying the serenity of the day. Even if it is the eye of the hurricane, it is a valuable time to re-center, strategize and plan. We got a stable day and, in this current time, that's not insignificant. The recovery from COVID was boring, unremarkable and unentertaining and that is what I would prefer to see transpire. There is never *great* market stability, but today was an improvement over the last few weeks. There is no gulag in my future.
 
  • Feels
Reactions: DSP's Tax Lawyer
You must log in or register to reply here.
Back