Yes everyone knows the banks and stocks are absolutely shitting the bed. But does anyone remember the movie Margin Call from 2011, where the entire plot of the movie was about one of the first finance companies to see the impending crash in 2008? Spoilers: they sold all of their assets at a major ...Read more
“Make sure your wife and kids are able to access all family funds” A friend told me this when I first got married and it stuck with me. In the event that I’m no longer here, best to be prepared. - Online accounts use an email account that we both have access to - 2FA with Google Authenticator a...Read more
First Silvergate Bank, Silicon Valley Bank, Signature Bank and Credit Suisse went belly up. Now Deutsche Bank’s stock has lost 26% in the past month and it is starting to crumble. Why is it a worrying sign ? Deutsche Bank is Germany’s biggest bank with around $1.4 trillion in assets. If it goes dow...Read more
https://www.reuters.com/business/autos-transportation/tesla-misses-first-quarter-delivery-estimates-2023-04-02/ Retail expected 450k deliveries hence stock price was soaring last week (along with all the call options). Wall Street expected greatly beating 432,000 deliveries. Actual: 422,875 deliver...Read more
Found this in WSB, not my own analysis Here's the link https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/ I have been following GME since mid-September and over that time I have banked myself a %1300 return in the process. However, the whole ...Read more
Sharing this in case it helps any of you kids experiencing a correction / bear market /potential recession for the first time. I lived through 2008. I was “consulting” through an H1B shop making $50/hr. First, rates were cut to $35/hr, then contracts were canceled. No one was hiring for almost 2 y...Read more
Let me explain. Short and sweet, I’m a financial advisor (< 1 year). Since last fall I’ve had to basically study finance from the ground up and learn about the history of the stock market. It’s been difficult, but it led me to having this theory about crypto (it’s a giant bubble). So why do I thi
A bit of context: I'm a CS senior at a top engineering school and spent the last summer interning at a large financial company (not a bank), let's call it Company X. I had a good internship experience there and received a return offer in August. Coming from a low-income background, I was quite happy...Read more
This is what growth at all costs looks like. Deel is a sh1tsh0w for accepting these clients when their whole value prop is compliance. As a former employee, I witnessed growth being prioritized over every rational and legal reason. Leadership are aggresive bullies and sooner than later it will implo...Read more
Looking at the market today, particularly tech stocks, and posts I see on Blind about people telling others to keep loading even at ridiculously high values, I couldn’t help but make this post, especially for a lot of younger folks (mid 20s to low 30s) who might have cash or invested stocks without ...Read more