wachtwoord
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Everything posted by wachtwoord
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Do you think Bitcoin is a safe store of value?
wachtwoord replied to mikazo's topic in General Discussion
Be careful. 99.9% of all altcoins are outright scams. 100% of the ones that claim to be pegged. -
They will simply borrow more to pay the interest, devalueing the currency until the currency dies and is replaced by another.
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Do you think Bitcoin is a safe store of value?
wachtwoord replied to mikazo's topic in General Discussion
Only benefit? That is the main thing! The entities that the market trusts today (nation states and large financials) are inherently untrustworthy in this context (and have proven to untrusthworty) because it's in their benefit not to be. Once the first 5÷ of the market gets that the end game will be well underway. -
The stocks in your portfolio are stored in another vrhicle so you cannot lose that if the go bust. For the cash in your account they are insured up to some level (I seem to recal 500k -2M USD but it's been years since I looked into this.
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Swiss National Bank scraps minimum exchange rate vs euro
wachtwoord replied to Phaceliacapital's topic in General Discussion
I do. Prices are sticky for some reason. -
CLB and NOV
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30-35% slot when denoted in Euros. The fact that I hate holding cash has had quite the positive influence on that this year ;)
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How Are You Thinking Bout The Drop In Oil Prices?
wachtwoord replied to Viking's topic in General Discussion
Very interesting topic. Following for now. -
I bough HAL, BBL and more SLB.
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Exactly. Not cheap enough for me. Needs to lose another 10-20% before I'm interested.
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Do you think Bitcoin is a safe store of value?
wachtwoord replied to mikazo's topic in General Discussion
It's at an ATH. What data are you looking at? -
Are you depositing real money? Then you are a professional. Get over it ;)
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The matching to the card is just a temporary measure, once you fund your account they will send a security device to replace the card. +1 IB I don't think they will if you have under $100k in your account.
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I have 100% the opposite experience. Best in town by far. Maybe it's a generation issue? (I'm under 30).
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BBC Documentary- Traders: Millions by the Minute
wachtwoord replied to Steve's topic in General Discussion
Thus far I watched the entire first half of the documentary. Much of the focus was on the trader part of things and not once did I hear them mention it is a zero-sum game at best. Also the hedge fund manager (who was talking about investing for the long term) not wanting to leave the office one our before the markets close. Does she seriously think that matters? ::) -
wellmont, what do you think about the new BB?
wachtwoord replied to giofranchi's topic in General Discussion
Definitely not hideous in my opinion. -
Not really. In theory, book value and intrinsic value drop the amount of the dividend. You have a known tangible redistribution, or return of capital. The actual returns of the business are its earnings, or you could argue the change in intrinsic value. Any study will be flawed due to the many companies that buyback shares to offset dilution not because the price is well below IV. In general, if I own the stock I want the company to be buying it back. If I don't think they should buyback stock (absent substantial opportunity to invest in their business) why would I own it?? Dividends remind the board to return cash to shareholders. Of course buy back at the right times are fine too but often boards will invest the money poorly (many of the large tech stocks did this) or just buy back to mask that they are diluting the shares to enrich themselves. In general I like dividend paying stocks, also because dividends are a continuing thing, companies don't like lowering their dividend making things way more transparent.
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What tax rate do you pay on those dividends? 0% effectively. 15% is withheld in my IB account but I can subtract this from my Dutch taxes on net worth. I Holland we pay 30% tax on a hypothetical 4% yield on your net worth (above a threshold of ~20k Euro). That includes everything (so also dividend taxes and capital gains taxes) so if these are withheld in a foreign country we can subtract this (to avoid double taxation). The system was introduced at least a decade ago to simplify the system and save money that way. People are complaining about this system because they put it in the bank at 1% interest and then get taxed more than they make :P. I hope they don't change the system though since beating the 4% threshold is quite easy (long term at least). Of course you can also interpret the tax as 15% on a 8% hypothetical yield (30% is very high imo) and then it seems way more in line with taxation in other countries.
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In case of true overvaluation (so considerable, cannot be caused by small mistakes in valuation) I agree. There is an area around fair value that you don't sell yet but hold. In that range I much prefer dividends over stock repurchases. I might have to add that for me dividends are not directly taxed (as are capital gains). I pay a fixed yearly percentage (1.2%) yearly as tax to account for income from holdings (and I can subtract foreignly withheld dividend taxes). So tax is not an issue to me in this specific situation.
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But investors that get a dividend can reinvest the cash in another company (an undervalued one).
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The OP wants to know how many margin accounts hold the stock (weighted by number of shares of course). This has some problems associated with it however. What if an account holder doesn't use the margin? Or, take me as an example: I have a margin account, but the amount of margin I actively use is 1-2% at it's peak. Would you consider all the stocks I own bought on margin then? Right now the margin I have active is about 0.2%. Are all my stocks bought on margin?