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Giro Lino's avatar
$11.8m follower assets
$MELI increase shipping for sellers
$MELI announced a new pricing policy for free shipping from July onwards and increased the free shipping for CPG from R$79 to R$200. In Apr, I highlighted that $MELI would increase monetization for its commerce biz.

Also, the company announced a significant increase in heavy items, such as fridges, TVs, and so on. Personally, I believe the company is on the right path to achieving substantial operational leverage.
Fuck yeah! Long runway baby! I am starting a position!

Any thoughts on their credit business? what do you think about the short term problems and the long term prospects?
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BanklessDAO's avatar
$9.2m follower assets
3AC contagion
Last week, we witnessed two big players in crypto — Three Arrows Capital and Celsius — straight up imploding upon themselves.

This week, the contagion from 3AC continued to spread as linked companies BlockFi and Voyager Digital both took on heavy cautionary measures to stay afloat.

The latter lowered its daily withdrawal limits to $10K.

Things were looking pretty grim for either. But CEX giant FTX came to the rescue of BlockFi’s financial troubles, and VC firm Alameda Research to Voyager’s.

The cost? Coming up on a cool billion dollars all in.

And Celsius? Remember them? TradFi vultures are circling as none other than pantomime crypto villain Goldman Sachs is lining up $2 billion to purchase the firm’s assets if and when it does go officially bankrupt.
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If any broker ever lowered withdrawal limits on me I would be emptying the account so fast…
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Economic Update - Goods Orders & Home Sales
Stocks are mostly flat to start the week following the major rebound last week. It was the first positive week since May, with all 3 major averages up at least 5.4%. Stocks are still poised to post the worst first half of the year for markets in decades.

For economic data today, durable goods orders rose 0.7% in May, outpacing expectations of 0.2%. Core capital goods orders, a close proxy for business investment, increased 0.5% for the month. Shipments of core capital goods orders increased 0.8%, matching the April gain.

Elsewhere, pending home sales unexpectedly rose 0.7% in April, ending a 6-month losing streak. Sales had been expected to fall 4% for the month. Sales were still 13.6% lower over the past year.

Treasury yields are higher this morning, with the 2-year T yield up 2.4 basis points to 3.08%, the 5-year T yield up 2.8 basis points to 3.21%, and the 10-year T yield up 4.0 basis points to 3.16%. The shortest-term advance rates are lower, while all other terms are higher.
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Kind of hilarious: $META, $NFLX and $PYPL are value stocks now, according to the iShares Russell 1000 Value ETF 😅
Meta is the 5th largest holding of $IWD after the rebalancing.
I’m all for ETFs, but not sure people who buy this index know what they are signing up to.
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frank civitello's avatar
$8.9m follower assets
adding to stocks
adding a little more to PLUG, PG, & RUN to even them out with DIS & AMZN.. not adding to IBM at this time and it still the number one on the INVEST side, doing nothing until later in the week with the IRA side. Also new poker chips coming into the mix.
End of Quarter Happens This Week
Portfolio managers will be actively trimming and adding to new positions at the end of this week. Oftentimes, portfolio managers will trim stocks that have run 30%+ in a quarter and use that money to rotate into different securities. As rates are increasing, I am expecting to see some portfolio managers rotate assets from equities to bonds. Bonds are very poor investments right now but with aggressively rising rates, these will be more attractive.

A few sectors I am looking at rolling over next month are Commodities, China (mainly EVs), and healthcare. Something to keep an eye on.
Conor Mac's avatar
$325.7m follower assets
Would you rather buy the cheapest or most expensive stock in an index?
Let's engage a hypotethical. You have an index, comprised of hundreds of companies, across a broad range of industries. The overall market is fairly placid, nothing too frothy, nothing too capitulationy.

You rank all of the companies in terms of a price-to-free cash flow basis and pull out the most expensive and the cheapest companies from the hundreds of stocks in the dataset. Let's just assume that both companies are consistently free cash flow positive.

Without knowing anything else, which would you rather buy?
Which company would you rather buy and hold for 10 years?
27 VotesPoll ends on: 06/29/22
I'm not sure if there is an objective 'cheap' and 'expensive.'

I think there's an exceedingly high chance you destroy capital either route. Cheapest company generally is cheap for a reason. Massively overpaying for MOST expensive company will likely go unrewarded as well.

By definition, everything else is in a spectrum in between those two, and everyone should probably be extremely selective of what they're looking at.
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Writing During Times of Panic - (Written on 6/26/22)
At twenty-two years old, it is difficult for me to fully reflect on the financial markets right now. Everything just seems to be worsening and I cannot help but look back to 2008. I was not knowledgeable enough, or old enough, to realize the implications of what occurred during the Great Recession. However, I vividly remember the times when my father said that the financial markets in 2008 made him fearful for his investments and his job. Fast-forward to now and we another recession potentially on the brink. All of this while still dealing with the repercussions from the COVID recession.
When reading the news now, economic and financial indicators constantly flip through in my head: inflation, consumer sentiment, real estate prices, stock market performance, supply chain efficiency, oil prices, along with others. I cannot help but think that the US economy will soon “face the music”. With that being said, it is becoming increasingly difficult to write about the world of finance with this all going on. Since starting Money Buzz (my newsletter), I have written many times about some of these indicators. This culminates into a grand learning experience that I am appreciative of, but then I see a Tweet like the one below.

How can Jim Cramer remain calm during times of panic? Who knows, but I know when to stop being optimistic (and maybe that I am wrong in this). Through experiences like these, no matter how small, they teach me something. Which is to think to yourself when taking in any information. Writing right now continues to be difficult, but this is all about learning, improving, and becoming a better person in the end.
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It's easy to remain calm through the panic when you've invested through previous recessions and market crashes, assuming that you still have a job and cash flow coming in.
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Benjamin Buchanan's avatar
$16.3m follower assets
Thinking about adding a weekly component to my substack called 101010
It takes me north of 40 hours to write a deep dive, and sometimes I spend all that time and end up with something I'm not happy enough with to publish. I've been wanting to figure out something I could send out on a weekly basis that would be unique and valuable but less time consuming. I think I've figured out what I'm going to start experimenting with. Here's the gist.

It's pretty remarkable how much changes over the course of ten years. 10 years ago Facebook had just IPOd. Many people thought the EU was going to break up. Yields on 10 year Greek bonds crossed 35%, Spanish yields were over 7%, and Italian yields were over 5.5% - at the same time as negative yields were being seen for the first time in countries like Germany. AWS revenue was only $1.5 billion and Amazon's market cap had just crossed $100B. North Korea was the greatest geopolitical threat and Oculus had just filed it's incorporating documents.

So, what I think I'm going to do is basically take 10 of the most interesting business and technology related news items that were reported on 10 years ago the same week and reflect on those items in the present. For example - Oculus was founded 10 years ago, now they sell X units per year and were purchased by Facebook for $4 billion. Then, I'm going to use those same themes and make 10 (hopefully) thought-provoking predictions for 10 years in the future. 10 years, 10 historical news items, 10 predictions.

It's really wild how much changes in just ten years, and the pace of change is only accelerating so it will only get crazier. I think it was Jeff Bezos but I'm not sure - who said what's really important in planning for the future is figuring out what won't change (for example, customers wanting continuously improving customer service, lower prices, more powerful computers, etc). Hopefully this will result in some useful takeaways for investing and be interesting at the same time.

We'll see how it goes, expect to have my first one out next week.
Vincent Poy's avatar
$1.2m follower assets
Anyone here use Microsoft Money's Portfolio Manager to track their investments and assets? I am talking about Microsoft Money, the software which needs to be installed on the computer that Microsoft discontinued about a decade ago.
Dylan Patel's avatar
$96.6m follower assets
Consumer Semiconductor Companies want to cut orders but TSMC won't let them
"TSMC is maintaining full capacity util. rates because it will only accept cancellation requests from clients on the condition that TSMC does not have to maintain LTAs or guarantee supply in 2023, and most TSMC customers are unable to accept this"
-Credit Suisse Japan
SHOP Making Moves???
I need to hear thoughts on this quickly. Rumor SHOP wants to buy PINS just dropped $SHOP $PINS

$PINS mentioned as top buyout candidate at boutique firm , $SHOP mentioned as the buyer.

"Shop needs to remain acquisitive ( ~$7bn of net cash) to kickstart advertising and its Shop Ap.
Would be a very intriguing acquisition. Not exactly sure which direction $SHOP are looking to take through this move though. Any thoughts?
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Commonstock is a social network that amplifies the knowledge of the best investors, verified by actual track records for signal over noise. Community members can link their existing brokerage accounts and share their real time portfolio, performance and trades (by percent only, dollar amounts never shared). Commonstock is not a brokerage, but a social layer on top of existing brokerages helping to create more engaged and informed investors.