What are you buying today?

[tnathan]

27 minutes ago, lnofeisone said:

I own STNE and PIX is obviously a competitor. I think PIX has done such a fantastic job growing the pie. Sure, there will be some challenges with it being tied to Brazilian gov't but the system has helped so many who wouldn't bank otherwise. I true example of how gov't can incubate innovation to help citizens. The next step is spinning this out as a private enterprise but who knows if they know how to do that. 

One major issue that I've seen with PIX is the dispute mechanism (vs other forms of payment which hold cash for a specified amount of time) ... if cash is transferred immediately you can't claw back easily. Not sure how that impacts attitudes towards this in Brazil but in the U.S. it would not be acceptable to consumers

[lnofeisone]

1 hour ago, tnathan said:

One major issue that I've seen with PIX is the dispute mechanism (vs other forms of payment which hold cash for a specified amount of time) ... if cash is transferred immediately you can't claw back easily. Not sure how that impacts attitudes towards this in Brazil but in the U.S. it would not be acceptable to consumers

 

I 100% agree. I mentioned that in the STNE thread at some point. The dispute mechanism is ubiquitous in the US but if you go to LATAM most sales are pretty much final. And fraud and operational errors are now resolved with MED on PIX. 

[sleepydragon]

On 4/7/2025 at 5:41 AM, Parsad said:

 

Yeah, I agree that seems to be the correct one...just confirming with North American investors.  Cheers!

for experts here: when I try to buy LVMUY on interactive brokers, the commission is about $35 per 100 shares.  Anyone knows why? Seems excessive, or the fee is wrong at IBKR?

 

 

[Cod Liver Oil]

Sorry to be so boring, but more Joe at 42 and 43.  Ack. could solve the Bruce problem (meaning he should take over Joe instead of HHH). @Hsmpanl

Edited April 8, 2025 by Cod Liver Oil

[gfp]

28 minutes ago, sleepydragon said:

for experts here: when I try to buy LVMUY on interactive brokers, the commission is about $35 per 100 shares.  Anyone knows why? Seems excessive, or the fee is wrong at IBKR?

 

 

That's the commission I see for that ticker as well.  Probably cheaper to buy the shares on their primary exchange when that is open.  I don't know why the pink sheets unsponsored ADR - or whatever that ticker is - costs so much to trade at IB.  Probably free at Fido FWIW

[sleepydragon]

4 minutes ago, gfp said:

That's the commission I see for that ticker as well.  Probably cheaper to buy the shares on their primary exchange when that is open.  I don't know why the pink sheets unsponsored ADR - or whatever that ticker is - costs so much to trade at IB.  Probably free at Fido FWIW

this is what I found online. So maybe this it? If so,  even buying on primary exchange will have this fee:

 

When investing in French ADRs through Interactive Brokers (IBKR), be aware of the French Financial Transaction Tax (FTT) (0.30% of trade value) on shares of companies with a head office in France and a market capitalization exceeding EUR 1 billion. IBKR also charges a processing fee of EUR 50.00 per request for withholding tax voucher requests for dividends on French stocks

 

 

[Hsmpanl]

1 hour ago, Cod Liver Oil said:

Sorry to be so boring, but more Joe at 43.  Ack. could solve the Bruce problem.

More JOE for me today too. You saying Ackman could solve the Bruce problem? Not following, sorry.

[Whensthepaintdry?]

Sold frph for a loss and moved it to JOE

[Pelagic]

Started a position in SOBO. Leak in the Key Stone pipeline and oil/markets turning negative seems like a decent confluence of negative news.

 

https://apnews.com/article/keystone-oil-pipeline-north-dakota-spill-36e86142566763a5464e1dd132eede56

 

Quote

It’s unclear at what rate the 30-inch (0.8-meter) pipeline was flowing, but even at two minutes “it’s going to have a fairly good volume,” Suess said. “But ... we’ve had much, much bigger spills,” including one involving the same pipeline a few years ago in Walsh County, North Dakota, he said. “I don’t think it’s going to be that huge,” Suess said.

 

[Malmqky]

BTI

[Santayana]

Added a bit of JOE.

[KPO]

Starters in TGT, LEN.B, TLT; More M

[tnathan]

starters in EFX, MORN, MCO. Made a nice trade to save my day and bought aapl puts when i saw the 104% china headline i dont really see how aapl doesnt trade down to 20x ntm p/e or less

[dipod]

M. Really nice value at this price. And being paid a hefty dividend to wait for value realization is more than fair to me.

[Spekulatius]

6 hours ago, sleepydragon said:

for experts here: when I try to buy LVMUY on interactive brokers, the commission is about $35 per 100 shares.  Anyone knows why? Seems excessive, or the fee is wrong at IBKR?

 

 

Buy at the primary exchange in Europe - ticker symbol MC. You not just save on the trade, you also save on ADR fees annually. Note that  France has a small transaction tax but you go to pay that one no matter what.

[gfp]

10 minutes ago, Spekulatius said:

Buy at the primary exchange in Europe - ticker symbol MC. You not just save on the trade, you also save on ADR fees annually. Note that  France has a small transaction tax but you go to pay that one no matter what.

 

I've never fully understood the ticker.  I get that the "M" stands for "Moët" but what does the "C" stand for?  Chandon?

[John Hjorth]

16 minutes ago, gfp said:

I've never fully understood the ticker.  I get that the "M" stands for "Moët" but what does the "C" stand for?  Chandon?

 

I have to agree with @gfp here, It's almost a bit kinky, lol, while I don't know the story about it. I'll try to ask about it at HQ and get back to it here. Because it's so weird, I'm pretty sure there is a certan story attached to it. 

[Spekulatius]

Just now, John Hjorth said:

 

I have to agree with @gfp here, It's almost a bit kinky, lol, while I don't know the story about it. I'll try to ask about it at HQ and get back to it here. Because it's so weird, I'm pretty sure there is a certan story attached to it. 

Maybe MH was taken. MC was the ticker from Most Hennessy before the merger with Louis Vitton.

[lnofeisone]

39 minutes ago, gfp said:

 

I've never fully understood the ticker.  I get that the "M" stands for "Moët" but what does the "C" stand for?  Chandon?

 

8 minutes ago, John Hjorth said:

 

I have to agree with @gfp here, It's almost a bit kinky, lol, while I don't know the story about it. I'll try to ask about it at HQ and get back to it here. Because it's so weird, I'm pretty sure there is a certan story attached to it. 

MC is the original ticker of Moet & Chandon. They were the OG of the conglomerate. They merged with Hennessy first and then added LV all while keeping the original ticker (hence LVMH as a name). 

Edited April 8, 2025 by lnofeisone
clarity

[gfp]

Thanks @lnofeisone !

[John Hjorth]

5 minutes ago, lnofeisone said:

MC is the original ticker of Moet & Chandon. They were the OG of the conglomerate. They merged with Hennessy first and then added LV all while keeping the original ticker (hence LVMH as a name). 

 

Thanks, and appreciated, @lnofeisone !

[kh812000]

be like warren.  cash

[kh812000]

be like warren.  cash

[Parsad]

33 minutes ago, kh812000 said:

be like warren.  cash

 

Warren and Prem have lots of cash because they are more leveraged than any normal investor. 

 

Berkshire is leveraged 2-1 asset to equity and Fairfax is leverage 4.5-1 asset to equity...plus they have debt, insurance liabilities that have to be matched in duration with their fixed income portfolio, etc.  They have very important requirements to hold cash or bonds. 

 

But for the average investor, they should be buying when they find cheap stuff and be fully invested if they have enough great ideas.  Cheers! 

[Dave86ch]

22 hours ago, Milu said:

Nice that’s a big chunk. About 15% of net worth for me. Would like to get it up to maybe 20% over the next few months.

It's difficult not to feel bullish about the opportunities that digital gold unlocks. Many interesting projects are emerging on top of this sovereign layer, especially as governments begin to open up and permit these innovations to thrive.

 

Edited April 9, 2025 by Dave86ch