adhital
-
Posts
77 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by adhital
-
-
Nothing comes for free and life is not fair. All I need to know is that that I'm paying less then 10c buying 2 shares APPL using PFOF vs. flat fee. It’s almost free. I mean no disrespect but I don't need to be an Einstein to understand order flow Or, care about it either for my 2 shares of trading
I’m not advocating for Robinhoold. They should've disclosed it better about order flow and not say completely *free*; however, they provided a platform for many retail investors to learn about stock market, trading and so forth. Now every brokerage is following their model. They deserved to be praised not just vilified. That's my argument.
-
18 minutes ago, Lakesider said:
Its not comission free, they are selling orderflow, They are saying its free but getting you a worse price? Thats the issue here, Its just a more complicated way than charging comissions. "payment for order flow, generated about $331 million in revenue for Robinhood in the first quarter"
Well.. I think paying a cent for buying 1 shares of Apple is much better then paying a flat commission. For average retail investor with limited capital, Robinhood's model is nothing to complain about.
Payment for order flow (PFOF) refers to the compensation, as much as 1 penny per share, that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to such market maker.
-
7 hours ago, Nomad said:
I don't get why the Robinhood apologists pretend that zero commissions are some revolutionary new thing. They're not. Back in 2006 there were already discount brokerages offering zero commissions on stock trades. Zecco offered a limited number of free trades pre-GFC, and so did several other brokers.
Robinhood pioneered commission-free trading. They are the first online brokerage to do so. Is it not? unlike 20 free trade when you open an account with us type deal
-
The industry really needs to be thought of, in terms of different holding horizons.
Short (0-2 yr), medium (3-6yr), long terms (7yr+)
Long term, it's hard to see why we do NOT have more passenger 'flag' carriers, and freight 'flag' carriers. Oligarchs, with one of the players being the state. Specialist niches (bush pilots, off-shore rig servicing, etc.) with combined military/private overlap. Stable, robust, net benefit to all, and the size/number of 'survivors' market determined.
Short term. Industry collapse, lots of BK's, lots of job loss.
China is still down 50-60% post Covid-19, 80% during Covid-19. A country where the distances between cities, and the state of the inter-city infra-structure, pretty much requires that you fly. Not the same thing in many other parts of the world, where you can travel by high-speed train instead. https://www.flightradar24.com/blog/air-traffic-at-chinas-busiest-airports-down-80-since-the-beginning-of-the-year/
To bring operating leverage back to 'normal', at least 50% of the industry has to go. To bring financial leverage back to 'normal', will require dilution of at least 25%+. The smart thing is to just sell, and let the market do its thing. Buy back on better terms, once the BK's/restructurings have worked their way through.
Precisely as WEB has just done.
SD
It’s getting better
-
He is certainly bearish. However, he was not bearish when he bought delta on 2nd march so his view changed rather quickly within a month. That is not quite like buffet. He may be right to be bearish and reminding the "depression". This virus can be contained (e.g. China, Korea etc.). As soon as there is a mass testing capability, which I think is not too far in the future, things might change rather rapidly. Gilead drug is promising. Vaccine can come our way rather quickly too. Comparing 30s to now is like comparing a kid to an adult who has a matured brain (technology) and an immunity to a shock (fed/govt monitory & fiscal policy). It’s a fact that the world economy is much matured now vs then, and as such, recovery time gets compressed (30s, 70s, 00 and 08 ). BRK is my largest holding, and his decision to be cautious is warranted given his investor base; however, Mr. Buffett is not always right on his assessments, as can be seen from last few years of his investment’s decisions.
-
This topic has been moved to Archives.
[iurl]https://www.cornerofberkshireandfairfax.ca/forum/index.php?topic=18194.0[/iurl]
AI - Artificial Intelligence
in General Discussion
Posted
Ignoring valuation, what about Palantir? PLTR