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Former Fed chairpersons, Bernanke and Greenspan also got speaking fees.Originally Posted by dawg80
In America, we generally believe that people should be free to make a living, even after they leave their government job.
And of course if being paid by banks and investment firms before getting the Secretary of Treasury job, that would also have disqualified Mnuchin.
The fact that Yellen is a rotten Dem makes it worse, but truthfully The Swamp has open admission for any political flunky willing to sell their soul. In Yellen's case she has been in and out of government positions from the Federal Reserve to Sec. of Treasury and on all kinds of politically appointed boards. In a government position, gets outlandish speaking fees from the entities she has regulated, back into a government position with regulatory authority over the very entities paying her outlandish speaking fees... Get it, yet?
You are a bigger fool than I thought you were (and that's saying something since you top the list) if you think there can't be pre-emptive influence peddling.
You think she thought she was going back into government when she left the Fed? How could she have known that she was going to be the next pick for Treasury?
Do YOU get it yet?
Btw, Mnuchin has signed for the speaking circuit, too.
Holding an official office is a mere formality. Even when Swampers are out-of-office the influence peddling never stops. They still have connections...lobbyists...does anyone, except goofy Goosey, really, honestly think Yellen is worth even $10 as a guest speaker? They don't give a rat's azz what silly crap she spews in her speech, it's the behind-closed-doors talking they are paying for.
BTW, I don't give a rat's butt about Mnuchin. He's a former hedgie...
Yellen was far more powerful as the Fed chairperson than she is as Treasury Secretary. Fed policy is the largest macro driver of the market. Getting any edge from hearing from a former Fed chair is worth more than any other guru speaker you could possibly have.
LOL! whatever
Looks like AMC is approaching $100.00 Missed out on a 100% gain... story of my life.. lol. BUT I will be happy to take my 40% to the bank. Goosey missed out on a big run.. Congrats on the big return D80..
Bitcoin continues to fall.. wonder if it will drop below 30K soon.. Looks as if it is heading south quickly.
I wouldn’t call $55 approaching $100, but have fun playing swing trades. Not my jam.
Would much rather hold some BTC and Ether than AMC for speculating. Plus you can stake the ether and make income off it.
I think AMC is played out. I hope to sell the remaining shares above $60 and be done with it. Can't complain one bit. I would take more runs like AMC has been any day! Of course Goosey is too smart to settle for a mere 725% return in about 3 months. He is much smarter/wiser than Warren Buffet and earns returns of a gazillion% on his investments. His portfolio grows in numbers to match Biden's election returns! All a figment of his imagination...
The HFs have figured out the game. They were caught by surprise by GME and it topped out at about $485/share (not bad!) but they have employed all of their dirty tricks in their fight against AMC's Ape Army and have it under control. I doubt AMC sees $100 or even $80/share. I hope it does soar past $100, for the sake of all those devoted souls fighting the good fight. But, I doubt it...
The HFs are part of the big Swamp, the one that includes the smaller, but more powerful DC Swamp. They have Yellen and all the other Swampers accepting kickbacks galore to help the HFs survive this.
I have enough volatility in my portfolio with SPCE (which has done just about as well as AMC over the same period), CRISPR stocks (NTLA and EDIT) and crypto. Also, many other multi-baggers like most people that have held stocks over the recent bull market have also enjoyed. Booking gains when these take up too large a percent of the portfolio is part of prudent portfolio management, so I have had to prune these and others (CAT, DIS, JPM, ENPH). I have let a few others, like NVDA and GOOGL, run making the positions a bit more lopsided. Some of these “winners” that are in markets with high CAGRs are more difficult to keep portfolio discipline with.
I don’t want or need exposure to stocks whose only investment basis is the greater fool theory. Don’t see the point of risking the capital or the opportunity cost. Good for those that do.
Mark Cuban, among others, have poo-poohed being diverse, advocating for finding a few investments that work and focusing on those. Peter Lynch said usually the best stocks to buy are ones you already own. That is, add to your position in them. Okay, nothing wrong with sticking with what you know and what has been doing well. But! there is the old "too many eggs in one basket" thingy, so some diversification makes sense.
I have gotten a bit too diverse here recently. I now hold 44 different stocks across 3 trading platforms. Funny thing is, I have 10 stocks on my watch list and will probably open a position in several of those too. I do have sell orders on 8 of my lousy performers and hope to unload them fairly soon. AMC is one of three of the so-called meme stocks I hold, and the other two are on my list of 8 to dump soon. There might be another GME or AMC happen, and if one does I hope to jump on the train and ride it for as far as it goes. I could see AMC was going to take off and posted here saying as much. A couple of others some were touting haven't taken off and probably never will, such as BB.
But I am a conservative investor and prefer to add to my positions in boring stocks like JNJ, GLW, VZ, KO... But! I also love divie-payers and have loaded up on REITs and utilities and those high-risk/HUGE divie-payers too. I usually go in light, like recently I opened a position in ORC (500 shares) mostly just for the fun and thrill of it! Just couldn't ignore that monthly 15% return. ORC is not a safe, long term investment at this point in its brief history (launched in 2013). It's share price has trended down but I think it has found its bottom now and at these prices it's worth a shot.
This is my direct stock holdings, but I also hold annuities, mutual funds, and have positions in some of the best ETFs too.
Krispy Kreme is going IPO today, under the ticker DNUT. Starting at $17.
Market is open but retail investors are locked out for the time being. Just another example of what is wrong with the whole stock market. NOT! that DNUT is a particularly good stock to pick up, but retail investors should have the same shot at this one, and all others, as the big guys.
That is because DNUT chose the IPO route rather than direct listing or SPAC.
Years ago I had an Etrade account because they got in on IPO pricing. I never qualified, and I'm not sure who they "allowed" to get in on IPO at start. It was back when everything that IPO'd would go up 25-50% first day. It was so easy to make money back then. I expect Krispy Kreme to do very well.. I know my family keeps them in business, so I may as well own some stock..
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