Although not a sharies user, Im wondering is there a dedicated page/site to sharies chatter ?
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Although not a sharies user, Im wondering is there a dedicated page/site to sharies chatter ?
There's a sharesies moderated facebook group that is fairly active.
I think there is a FB group... I'm not a member
If you are wanting to see where the sharesies army is putting their 50,000 * $100 bets follow the rocket ships on facebook. Specifically the 'shareies share club' group and 'NZ Investors Group'
I use Sharesies but I don’t make $100 bets. Suits me fine and I’ve gained over $100k using it since April 2020.
https://www.facebook.com/groups/sharesiesshareclub
But, please don’t go there/sign up, just to stir **** as many seem to have done. There are some good people there, who are keen to learn, but there are also a fair number of people who still don’t understand investing, and seem unwilling to learn. And then there are those who clearly joined simply to have a laugh at other’s expense.
Sharesies provides an excellent service to people like me. They do their best to educate beginners and guide them in their investment journey, but the old adage applies - you can lead a horse to water, but you can’t make them drink.
Create a facebook account with a false name if you like. My dad has done that to see photos of grandkids, travel etc of the family. This way he doesn't have an 'online profile'. There are actually some other really good NZ based groups on FB that tend to discuss macro economic themes. I think FB is great and is like an internet within an internet. I've invested in them and will never sell, FB has unlimited growth in my eyes.
FB and other Social Media are evil. If you must, do not follow their 'curated' content. Stick to reading 'group' posts and *not* read the news feed. Twitter is even worse. Do not ever. We, as in Human Beings, are the product of these companies and are simply human futures to be exploited some later date. One minute you are a Flat Earther the next you will be coerced by AI curated content and breaking in Pizza shops with a shot gun looking for child traffickers. Yes that actually happened. Why do you think the cognoscenti of Silicon Valley pro-actively have moratoriums on social media and devices in their homes?
Quite a few Karens on FB I'm told
For anyone who has forgotten, or doesnt know, there is a Newbies corner available here under Forums header.
Plenty of expertise to tap into here, for those that want it.
The Sharesies facebook group is not as bad as it used to be. The posters focus seems to have shifted to US shares. Plenty of Tesla and ARK funds fans and heaven forbid you try to temper their enthusiasm!
So who is following the Robinhood , GameStop , AMD etc in the U S atm ?
Very entertaining indeed, I've been holding a very small night out at the casino sized holding of GME for a few days now. Very fun to watch the big shorters sweat it and why not be a part of it :D.
Looking forward to watching how this unfolds next week, I see the original reddit user who started buying GME early last year is currently holding $46M USD worth of shares / contracts (attached)
.Attachment 12263
Entertaining... this is the stuff that starts fires... margin calls... and then a hedge fund takes a hit ... Long Term Capital markets.... ect...fire be gets fire.
Anyone watching Express Inc (EXPR) ?
Interesting movements there .. even more interesting share register too
could be some delight for traders in recent trading sessions .. ;)
I'm not following that one - what's up with the share register? I see the price spiked a couple of days ago when (I'm guessing) a number of funds reversed their short positions in light of the GME disaster.
I'm also curious about LGND. According to Yahoo, institutions hold 146% (?!) of shares. How is that possible? They are also #6 on the list of the most shorted stocks: https://www.highshortinterest.com/all/
GME has the same anomaly where institutions hold 122% of shares.
I think it comes from massive short positions having been created. Yahoo Finance has GME data as at 14 Jan. At that point in time there was a short position of 61.78m shares. Total shares on issue 69.75m shares. This effectively means there are 131.53m shares available for purchase. If institutions own 85m of these shares, they will own 122% of the company.
There is also a completely mind-blowing volume of shares trading. The GME 10-day average is 116.17m shares/day, so more shares are trading in a day than are on issue. It would be like FPH having trading volumes 700m shares/day, rather than the more normal 1m/day that occurs for this company. While different currencies, both FPH and GME have a market cap of about $20b (but who know's what market cap GME will have in a few days!!)
"The biggest losers from the GameStop turmoil? An early list"
https://www.marketwatch.com/story/th...?siteid=yhoof2
I have not signed up with sharsies, but hate all the snobbery that some on this group show towards it. So what if people are only investing small amounts, or are very enthusiastic chasing tesla etc. Live and let live.
Most of us that have ignored sharsies are probably missing out on plenty of opportunities as it seems the easiest way to gain access to individual overseas companies.
Perhaps Vince should open up a new sub forum for Sharsies, might be very popular
Only joined Sharesies when they made the USA shares available.
Now i have shares in companies that pay divies every 3 months(REIT) and one that pays every month.Was thinking of buying into NZL on the NZX but found 2 companies in the US that are well established doing the same thing,so in i went.(FPI &LAND).As well as those shares i have purchased shares in NYMT,ORN,SFL,APTS and NAT.
Just a bit of fun as a very small investor.
Has anyone considered directly shorting the Hedgies assuming some are listed? ;)
All we need is a list of these turkeys sitting on the fence
that might be overly rewarding .. ;)
sharesies IS being subsidized by traditional investors though right?
I have no problem with it other than that Sharesies managed to get NZX to give it preferential treatment (avoiding trade fees) and then couldnt cope with the transactional volume the minnows created.
So standard broker clients were penalised by slow trading on the markets as the shoe boys flooded the market with orders totalling 50c
Thats why I have a slight beef with it.
As an example see the buy depth on OCA at one point today.
Attachment 12268
Dunno about that -- the large Funds probably have tailored discount rates, large sophisticated a different set of discount rates
leaving a certain other bundle of patrons to be fleeced on standard public broker rates - would you not say ? ;)
Sharesies trading costs are probably more realistic without all the fat cat provided advisory enhancements & add-on costs built in with fancy newsletter & 10 minute phone a broker chats direct into the broker Million dollar dealing pads.. ;)
Look no further than other foreign markets (say USA) and start doing the sums .. ;)
If NZX had their act together then 50c orders would have a cost factor of a dime a dozen like elsewhere
but as everyone is at times painfully aware, the sleeping market operator seems a bit behind in keeping up ..
eg when the hackers recently disturbed the peacefully dreaming in their flash Wellington offices .. ;)
None of which is Sharesies fault or responsibility. If you have a beef with it talk to NZX. Sharesies had the balls to address the investing “inequality of opportunity” in this country, and is providing a bloody good service. Yes, there are some ignorant douchebags in their Facebook group, but the vast majority of Sharesies members/investors are people like me. I have grown my minuscule portfolio from around $2300 since July 2020 - to just over $16,000 today. Sharesies is the only way I could ever have achieved that.
Your post smacks of entitlement and arrogance.
Aaaaaaahhhh!
Somewhere out there is a disruptive app which will turn the sharebroking industry inside out.
It hasn't arrived yet, but it's on its way, sure as eggs is eggs.
Some say that they deserve it, but I couldn't possibly comment.
Are you referring to PHUN on the Nasdaq?
Fair enough, but you and others keep making it a Sharesies issue. That’s what raises my hackles. You have identified the issue - take it to NZX because the problems you are experiencing, is their issue to fix. Sharesies has done nothing wrong and did not create the issue.
Oh btw, your “shoe boy” comment could be interpreted a couple of different ways - so maybe clarify what your intention was. At least one possible interpretation could be considered entitled and arrogant, but I’ll give you the benefit of the doubt for now.
From about 2010 till 2019 I bought shares through ASB. Used to cost me $20 for a trade.
Just checked now and they charge $15 (up to and including NZ$1,000) and $30 (over NZ$1,000 and up to and including NZ$10,000).
Sharesies .5% fee means I save significant amounts on brokerage. Most my parcels seem between $100-500, ASB would basically punish me for dollar cost averaging into stocks. More platforms and competition the better.
Once I get a decent stake I just transfer it to my CSN for $5.
I disagree that this is a must, but there are a couple of advantages to transferring larger holdings out of Sharesies. I am not too bothered that my shares are not held under my CSN, but if Sharesies does not implement DRP soon, I will probably transfer my main holdings out. This is the one thing I am unhappy about. I often email or message them to request features or give feedback, and sometimes that pays off. I got on their case some time back about the fact that they were allocated MLN warrants but didn’t intend to pass them into shareholders. No idea whether it was my input had an effect or something else, but shortly afterwards, they announced that warrant issues would now be allocated. I received and exercised my MLN allocation, and intend to do the same with KFL and BRM. Still cannot currently trade warrants via Sharesies, so they have some more work to do to perfect it.
Having said all that, transferring out isn’t a perfect solution for me fees wise, so there are pros and cons to doing it.
If you were experiencing the pain of the Halifax shambles....you might have a different perspective.
https://www.sharetrader.co.nz/showth...fax#post838828
From the Sharesies website:
Quote:
All investments and money are held on bare trust by a separate custodian company called Sharesies Nominee Limited. Any customer money is held within a client trust bank account.
Customer money and investments are ring-fenced and not available for any creditors of Sharesies Limited or of Sharesies Nominee Limited.
If anything happened to Sharesies Limited, the customers money (and investments) is protected and is still the customers.
As a custodian, we are required to get an independent audit from a qualified auditor. Customers can get a copy of our latest audit report upon request.
Quote:
What happens if Sharesies or brokers involved in your trade become insolvent or default on their obligations
If we become insolvent or otherwise materially default on our obligations (or the other brokers involved in your transaction do), your Orders, FX Orders or Trades could be cancelled. However, Sharesies Nominee will never use money, Investments, or other property held for you for the benefit of itself, us, or any other person.
If we become insolvent or otherwise materially default on our obligations, your Portfolio will be protected from the claims of general creditors, including any bank holding your money and CDO for any money or Shares held in the NZX depository account.
If our third-party currency exchange provider becomes insolvent, or otherwise materially defaults on its obligations, we may cancel your FX Orders.
Our third-party US broker-dealer holds all Investments in a separate account which is not available to the claims of general creditors.
I am sorry that you have experienced this, but I’m not going to lose any sleep over it. As with investing, we do our due diligence and place our trust in others. Banks, brokers, finance companies and so on. I have faith in Sharesies. They are also my only affordable option.
Dont be sorry , learn from it , so that RTM's pain is not wasted. I myself was considering putting some money in Halifax - but for some reason I didnt.
Financial crises get worse and worse and I have a feeling the next one is gonna be a real doozy. This is based on action and reaction principle. Basic physics applied to markets - for every action there is a reaction and we have been experiencing a massive bull market making us all geniuses - so its likely at some point there will be a massive liquidation phase and at that point everyone starts to worry , even about the major trading banks. I have a large amount of cash in Australia because it is government guaranteed which shows the degree of my concerns and the lengths I will go to so as to reduce risk for the safe part of my portfolio.
Somehow I think SHaresies may not be immune. Stockbrokers failed in '87. Sure, they probably weren't doing everything perfectly correctly but you just never really know about chinks in a company's armour.
I've been rapping The Message a lot lately to remind myself the truth
https://open.spotify.com/track/5wD0OP3jK8lz47EvLFYeeA
Its like a jungle sometimes,
I wonder how I keep from goin under.
I understand what you're saying but the reality is, Sharesies is the only way I can invest. I don't have the ability to invest large amounts per order but the standard brokerage fees make small orders impossible. So I am, like many others no doubt, stuck between a rock and a hard place.
Are you at the same risk as the users of Robinhood?
In the GME debacle, Robinhood actually started selling its users’ positions at its own discretion. Many traders using Robinhood reported having their shares sold without their permission.
Just to be very clear
New Zealand trading banks are not government guaranteed by the NZ govt
Australian bank deposits are guaranteed by the Australian government up to a limit of $250k per person per bank.
I doubt that foreign currency denominated accounts held within Australia are covered but I dont know for sure
But it definitely covers non-residents of Australia
A few of points here.
1) NZ banks have OBR (open bank resolution). If OBR kicks in then all unfrozen money is guaranteed by the government.
2) During 2008 GFC the government came in and guaranteed all deposits until 2011. Precedent set.
3) Banks have to hold more capital these days than they ever did so are vastly more stable than they were for example during the GFC.
4) QE provides all the liquidity the banks will ever need. Liquidity is the big issue during market crashes. Massive QE precedent has been set and looks likely to continue forever it seems because debt doesnt mean anything and money isnt real right? Ha..
I think your point 4 is the crucial one. I have far too much invested in NZ term deposits with banks. However despite my dissatisfaction with interest rate returns, any alternative investment has to stack up in its own right. I won't invest in something 'just because bank interest rates are too low'. At least having money on hand gives you the opportunity to pounce when situations arise.
SNOOPY
1) NZ banks have OBR (open bank resolution). If OBR kicks in then all unfrozen money is guaranteed by the government. BUT HOW MUCH WILL THAT BE ???
2) During 2008 GFC the government came in and guaranteed all deposits until 2011. Precedent set. YOU WANNA RELY ON THIS?
3) Banks have to hold more capital these days than they ever did so are vastly more stable than they were for example during the GFC. EXCEPT THEY DONT HERE DO THEY COZ ORR CAPITULATED
4) QE provides all the liquidity the banks will ever need. Liquidity is the big issue during market crashes. Massive QE precedent has been set and looks likely to continue forever it seems because debt doesnt mean anything and money isnt real right? Ha.. EXACTLY BUT I WANT MY MONEY TO BE REAL AND SAFE.
Sorry not shouting just differentiating the text
Bitchy post. Deleted.
I see that US Partners of some online platforms are now RESTRICTING BUYS
for some volatile US Stocks as of tonight
Two that may only be SOLD and NOT purchased currently are:
GAMESTOP (GME)
AMC ENTERTAINMENT (AMC)
Comments on Sharesies' Facebook post show significant anger as their ability trade these stocks us now restricted. Many commenters believe the market is being rigged/manipulated against them etc... https://www.facebook.com/33505547019...4914289878870/
Thanks for the FB Link
Among the postings there seems to be this one:
"Drivewealth is owned by Point72 who along with Citadel just “invested” in Melvin who are the ones in trouble with these stocks.
That’s why we can’t buy shares!"
We all know what happened when Robinhood did this recently - SP crashed a fair bit
We all can likely guess what will happen this time as well, if it's wider restricted too .. ;)
But then The Hedgies are just postponing being pile driven into the ground & incurring
heaps of financing cost on replacing the borrowed shares they sold - which will be
near on impossible if everyone remains a holder & NO SELL into a Rigged Market! ;)
Gee that restriction is going to really p** off more than just few on Sharesies big time .. ;)
Anyone know of an online broker that isn't imposing this sort of BS Buying restriction ? ;)
The word Long Term Capital markets is being talked of again world wide.
Its being driven by the clearing house who wanted 3Bill from Robinhood. RH negotiated it down to 700M providing they introduce restrictions.
Interesting rigged and manipulated market, can sell but not buy did they all have the same concerns for retail investors while these hedge funds destroyed LTH wealth.
You betcha. Just look at the recent downturn. Wage subsidy. Government guaranteed loans. Shovel ready projects. Involved with Tiwai Point. The days of letting the free market do its thing and austerity are gone. The government will intervene to save jobs and the economy (and their chance for re-election ;)).
If you think the govt will let one of the big four banks fail (or any nz bank for that matter) you are very pessimistic.
As to your other points, OBR freezes 20% by memory. Or that is the guide given rather than a rule. And the capital requirements, yes Orr stopped the last increase in capital requirements but at the same time stopped dividend payments... Post GFC the capital requirements are still ahead today than back then. So our banks are stronger than ever.
So 20% could easily be taken and my memory on OBR says thats not fixed so could be more!!! I'd prefer that didnt happen. So I take some cover by having a good amount of AUD. Its a choice, and yes I am quite pessimistic I dont deny that. I have been around and have seen stuff happen.
Govts change... ....
As I get older security is more important. Which doesnt mean no risk taking either! It just means that 'safe' is very safe. Yes I do have some precious metal in a hole in the ground. But no rifle hahaha.
Haha good stuff. Dare i say buy some bitcoin as well if you are really worried about the banks. Completely decentralized and no fiat currency risks.
NB. I have been a long time bitcoin sceptic and only entered into a exposure via Microstrategy (via sharesies) on 5th Jan this year after many many many hours of research, reading, podcasts and thoughts over the holidays. Of course only a small 3-4% portfolio holding, but already up 63% :)
SHAS punters are still in the game as housing back stops there investments.
Robin Hood has over 600,000 new account this week. Even as they are bailed out.
If the next cheques hit the US then this generation of US investors could drive things over the tech bubble highs.
Well thanks to Elon Musk and Tesla my bitcoin play via Microstrategy is up 146% since 5th Jan and knocking on a top 5 portfolio holding. Oh what a conundrum to have such an investment with a decent weighting. I want to trim but cant..
You can bet your bottom dollar that the boards of Microsoft, Amazing, Google, Apple etc etc will all be discussing at their next meeting whether they put a small 1 or 2 or 3..% portion of their massive cash hoard into Bitcoin as a small insurance against the constant money printing, currency debasement and inflation risks. And dont forget the hedge funds, pension funds, insurance funds etc. Holding 2% Bitcoin... wow the demand.
Apparently the 'math' in the current halving cycle says we should get to US$100,000 per bitcoin by the end of the year. Currently $48,000. Maybe at US$100k will give it the liquidity it needs for the big boys to park their money in it.
Its crazy (my 0.00000033 BTC worth)
Attachment 12295
I trade leveraged BTCUSD perp swaps with a long heavy strategy. It's been a good 12 months.
I just read on a FB group (not Sharesies but another similar NZ service) a poster seriously asking if they should sell their house to invest in shares to double their money in 1-2 years. Should I be sad or frightened? I reckon they'd probably get more if they sold their kids
I wouldn't worry about one single post in that vein. Wait and see if it's echoed by more. Then I'd (possibly) react.
:cool:
its actually no such thing as He or She now when addressing genders its omni gender's so that you take account of transgender's
We all had trannies in the old days.
Noisy scratchy temperamental damn things they were too.
Perhaps things haven't changed afterall?
........................
https://www.youtube.com/watch?v=vz3K2PV2vbQ
We knew how to bail out of a slippery wicket in those days.
Jesus. This thread went south quickly.
Sadly from a couple of posters whose opinions I really respect. How about we leave the slandering of any group at the door.
Carrt it out.
I loved the Impala shifter
This should cheer you up.
https://www.foxnews.com/politics/eri...eachment-trial
Sharesies users with CEN stock are being offered shares as part of the placement phase of the equity raise.