35 Burst results for "E-trade"
Tunnel to Towers pays off mortgage on home of slain Houston fire investigator
"Houston arson investigator Lemuel Bruce was killed in action and over the weekend his wife, Rachel, was given. Quite a generous gift, our TV partner channel to talk to her about the foundation that paid off her mortgage. So grateful. One of the first worries you have is the We're gonna have to move. Stephen Siller Tunnel to Towers Foundation honors fallen officers who've given their lives to save others. It was named in memory of a firefighter who died on September 11 2001 while saving lives in the World Trade Center. The Aggie is beat the L
Bills hang on in sloppy 27-17 win over Chargers
"Buffalo blew most of an eighteen point lead before trade AV S. white's fourth quarter interception set up Tyler bass is forty three yard field goal securing the bills win over the Chargers twenty seven seventeen Josh Allen threw four touchdown and ran for another as the bills move to eight and three receiver Cole Beasley also completed a touchdown pass to my feet weren't that right it was it was a really ugly but I got there I'll take it buffalo kept its one game lead over Miami atop the AFC east Buffalo turned the ball over on three consecutive possessions but its defense limited Los Angeles to just Michael Badgley twenty seven yard field goal during a key stretch I'm the very
Toronto Average Sold Prices are UP 213% since 2010
"Toronto average soul prices have gone up approximately two hundred and thirteen percent since twenty ten. Okay that's the last decade in the last few days be mo has predicted ten year unprecedented bull markets. And again if you're not from a background of money and you had to teach yourself financing. Like i did at sixteen with the personal finance for dummies book. Yes that's the only way that i was going to learn anything about it. Rsp's real estate stocks bonds. It was all thankful Thanks to the library. That i know any of this stuff right now and i'm still not an expert. I'm still learning on a daily basis. However a bull markets bull and bear markets are characterized by how those animals fight abol will raise its head when it's in a fight. A bear will put its slackest. Pause down one's a fight so that is the essence of that. So what be emo is predicting as an unprecedented ten year bull market so a market. That's going up And there are examples in the past where this has happened right. After the depression there was a few Really great years. And i've got a feeling it's going to be the same. Obviously we could all be wrong. I know some of the predictors have been wrong in the past. That's another reason why you have to do step three so step. One is just understanding Again at toronto prices have gone up by that much. Will they go up that much again. I go. I will never promise i've doing this now. Since two thousand in two thousand the prices were two hundred fifty two thousand okay. So if i was to do those stats for you. The be a lot more impressive. So i'm just giving you the last ten years. It's obviously way better for those of you who own longer. You've got a lot more invested in there for the next ten years. Where are you going to leverage that. Where is it going to be growing at. Its best rates. It might be in where you live now but it might not be. You might need the trade in that property and do something better with it. If you're in a condo or lofton you want a house something that might keep you income something that might secure you from future job losses give you income potential. All that stuff now is the time to talk to me. So this is what step three is about is just know where you stand. I'm not telling you and no no adult once once you've signed those once you've signed that agreement of purchase and sale at whatever age. You do Again you're the you're the one deciding dis-decision so it's never gonna be me or anybody else who's telling you what to do. I'll give you a vow give you again. Good advice on what to do. But you'll be the one deciding number three is just know where you stand. Just start off by going to gold dot real estate. Podcast show dot com to find out if you are in the gold zone. Why not if you're already there. Then you know where you stand. And i'm not telling you that you you might even not need to move but if you're not in the goltz on you're in a property that gives in performing at its best. Why not at the beginning of a potentially ten year unprecedented bull market. Why not start in the right place. Something that's going to really do something good for you. And when you look at your goals and i don't know if you do this but this is also something i've learned on the job is if you write your goals for twenty twenty five and twenty thirty as if you've already achieved them it does something to how your goals are met. So i want you to achieve those goals whether it's How much money you want in the bank or how much equity you might be wanting to sit on in the next few years And just to make sure that you're not for any reason in a position where you aren't you know you're paying two thousand or something more per month you wanna make sure that you're looking at some potential growth over the next five years Rather than again just giving all of that to a landlord no offense. There's nothing wrong with ranting but right now with interest rates the way they are A lot of your landlords are making money hand over fist again because of the The interest rates being so low so even without an increase in in rent. They might be making more of that. Rent me more making more from you even with the same amount of money.
Due to COVID-19, Philadelphia's Colonial Theatre launches fundraiser
"Few friends to respond to their online fundraising campaign. We get more from KY double use. Marc Abrahams, Bob, trade marketing manager for the nonprofit historic Colonial Theater, says it's a matter of timing. We really thought that this was time to do a go fund the campaign. We had never done it before, and we realize that we have some really cool things that we can offer people as incentives. Among those special premiums the chance to program a month of classic movies at the theater. And to be the grand marshal of the annual Blob Fest event at the Colonial. We have ah, broader platform than just the Philadelphia area now because Blob Fest has allowed us to reach to the lengths of California and Washington and Arkansas, where block best screen virtually and because of that reach trade, says he's confident the theater will reach its goal. Marc Abrahams K Y. W News
UK, EU resume face-to-face trade talks with time running out
"The European Union and Britain resumed face to face talks today on a new trade agreement following Brexit. They have just over one month to come up with a deal and Teri Schultz reports. Neither side is expressed expressing optimism. You chief negotiator Michelle Barney is back in London after a week of self isolation due to a member of his team testing positive for the coronavirus. Both you and UK say they want a new arrangement governing trade and customs when the transition period following Britain's departure from the block ends December 31st. But talks remain snagged on issues regarding EU fishing rights in UK waters and what Brussels calls the level playing field, which primarily refers to Britain's obligations to it here to EU standards on goods it wants to export into the block. Any deal that negotiators make would still have to be ratified by Parliament's on both sides Without a deal. Tariffs and other barriers go up January 1st for NPR news. I'm Teri Schultz in Brussels. This is
Child wounded in apparent drive-by shooting in Newark, New York
"Gunfire outside a a house house in in Newark Newark left left a a boy boy hurt hurt inside inside last last night, night, police police say say this this 12 12 year year old old was was hit hit by by gunfire gunfire that that came came in in from from under under a a window window just just after after 10 10 P.m. P.m. at at the the home home on on 17th 17th Avenue Avenue in in the the central central ward. ward. He was traded to release to university hospital expected to recover. Police found the car. They believed the gun was fired. From that no one was inside shooting is now under investigation. No word of any arrests so far.
Another week gone, Brexit trade talks remain stuck
"Talks are nearing the wire with about a month to go to close a follow up deal on trade and customs between the European Union in the UK It's Teri Schultz reports, the coronavirus added yet Another delay You chief Brexit negotiator Michele Barnier says he's out of self isolation now and headed back to London to meet his British counterpart, David Frost, a member of Bunnies team tested positive for the Corona virus several days ago, postponing face to face meetings. There are just five weeks to go before the EU and U K must have completed an agreement on new post Brexit rules governing trade and customs practices, a deal which must also be ratified by parliament's on both sides by the end of the year. The sticking points remain fishing rights and the creation of what the U calls the level playing field with penalties. Applicability. Either side breaks the rules for NPR news. I'm Teri
Tesla just passed Berkshire Hathaway as the sixth-largest company in the U.S.
"Tesla today with its close above five hundred and fifty billion dollars. Market cap also moved up a slot in terms of the rankings for most valuable publicly traded companies and after talking about berkshire hathaway and episode. Last week we get to mention them here again. Because that is the company that tesla has passed on the rankings. Moving from number ten to number nine and also in terms of us based companies up from number seven to number six quick note here on the s. and p. five hundred inclusion process when the announcement was made that tesla will be included of course the s&p was seeking feedback on how to structure that inclusion. And just as an f. y. e. s. p. committee intends to announce the results of that consultation on monday november thirtieth generally their announcements are about an hour and fifteen minutes after market close. So we'll keep an eye out for that for the final word on how this is going to be structured
Cyber crime spikes as online holiday shopping picks up
"Adobe reports the Thanksgiving Day online sales hit a record $5.1 billion. That's up more than 21%. From just last year. Americans or today is black Friday as we said American shattering records for online shopping since the pandemic began, and some analysts predicting online sales could hit $10 billion today and reached nearly 190 billion over the holiday season. But the Federal Trade Commission says cyber crime involving social media has more than tripled in the last year. CBS News Consumer investigative correspondent Anna Werner reports that Facebook has taken steps to prevent cyber scams. Facebook said in its last enforcement report. It had removed 1.3 billion fake accounts from the platform. So that gives you an idea of how many are out
Marten DB with Jeremy Miller
"Talk a bit about mother nam. now i through my My professional career. I've only ever interacted with a sequel based database. So i know the martin You describe it. But i know the mountain is a document based database although i know like the theory of without entails and how it works absolutely no experience of of that in real life so i apologize in advance in case i ask any kind of silly questions that you think. You should know this jimmy. 'cause i really don't now no no. That's okay help. In a relational database that all of us at some point in time most of those probably still using today most also probably using ten years because it's so entrenched on data's is organized in terms of tables of columns and rows it is a two-dimensional piece of data and the world is much more complicated than that. So of course you know. An order has ordered details. person has dependence. Has these things these things so then you start pick up relationships between tables but still working really hard to represent your world as tables columns rose so on and so forth. that's great it's awesome reporting fantastic for some of the early work. I did in my career What supply chain work ordering parts like that but in the real world when you're talking about now the behavior my code the world higher. I mean heavy user. But i have type. Caesar is parts but have different parts or God forbid if you get into financial software would you represent trades in finance world. Each kind of trade has totally different set of set of data. But yet you still want to try to fit that to relational databases and things get starting really nasty as problem domains in places where maybe you have a lot. Polymorphism maybe have. Very deep hierarchies One of the projects kelvin. The works on right now. Our clients problem domain as a everything relates to a top level entity comma person but that person has up to two or three dozen other kinds of related entities and breaking that. Down into mapping that to relational database. You run into the old impedance mismatch of the way that data once the shaped in your code where it's all about behavior becomes very different than how relational database forces you to structure so here. I'm i'm trying to prove out that relational database is not not the end. All be all for some some problem domains so in document database will. We're trying to do is. We're trying to persist that that person basically just laid it and bypass a lot of this mapping so taking the example of martin and martin sits on top. Now we can talk about why martin on top of the post grad database. But what what martin's doing is taking your object instead of mapping individual columns tables whatnot. It's jason serializing your your document and stuffing a database. Somewhere to all your mapping problems. Go away as long as jason reliable. You're good to go fantastic. I like that idea because like you said there are just some things that cannot be maintained in. That sort of relational status right. There are only so many foreign case and join tables and also craziness like that until you stop bullying. At least in my instance. Bowling was left of your hair out. Trying to figure out i do. I get this data and that data and then you look at Entity framework and you end up pulling he'd tire object graph On his one piece of day there august a bit much to to to organize. I guess keeping your head as well if you've got fifteen different tables in the role into related you have to be able to keep all of that in your head on a piece of paper and explain it to someone else right yes. So you're saying that martin. Debbie i can just give it if my like you said if your objectives jason realizable i just he do i. J sunset realize it on just to mountain. Handles you tell. Marty you tell martin. I want to store the subject. And there's there's a few extra requirements martin has to figure out what the identity is of your object easily just as long as you have an. Id proper your field and you can override this explosive stuff. you absolutely have to be special indifferent. Different people do but as martin can figure out what the identity is and it can be Jas on that's that's enough Martin will take care of everything else for it. Moreover martin postcards has some special up capability where it's very efficient to observe. It's so we don't even make you care. We don't even make you tell martin unless you really want to whether it's an insert or an update. Just i want to persist. This and martin will get the. Id for you. It will sign it if it has just like. You're used to the core and it'll persist it to the right table if you working in development time with a developing mode on Martin build the necessary underlying tables by itself for on the so. You can focus on getting stuff. Done thinking about your problem domain. Evolve your your your model objects as you need to. And don't even think about database migrations or structure or anything like that. Just go on what you're really trying to do.
China slaps tariffs of up to 212% on Australian wine imports - CNN
"Australia's government accuses China have imposing unfair and unwarranted tariffs on wine imports. The trade war between the two countries escalates. China is Australia's biggest trading partner, but relations are at their lowest level in decades. His trust his festive over allegations of Chinese interference in Australian politics and other sensitive issues. Beijing denies tariffs and other restrictions on Australian exports, including whine a payback for diplomatic disputes. Chinese officials insist he's a trade matters and nothing else. But the government in camera believes that Australia is being subjected to economic coercion that could cost billions of dollars.
How stores are changing Black Friday for the pandemic
"In normal times. There's a chance you'd be listening to this podcast while standing in line at the mall or at a store hoping to get a good deal on black friday but during the pandemic this annual retail tradition could look quite different from what we're used to for what to expect. Today let's bring in our retail reporter. Suzanne cap ner is suzanne. good morning. Hi mark how are you. I'm doing well. So i'm thinking about all of these friends and relatives. I know who in the past have gone up early for those early morning. Sales at the stores themselves. Is this even an option. This year will the malls and the big box stores. Even be open know. The stories will be opened friday. They're not going to be doing the typical early morning doorbusters in in the same way. They have done in past years mainly because they have been stringing. Those deals out through the month of october. Black friday. Shopping really started in october this year. With a lot of companies offering black. Friday type deals for the past few weeks. So you're gonna see fewer of those you know early morning you know have to get limited supply. Type deals for one thing. You know stores don't want they can't handle the crowds. They're not trying to get their stores stuff with shoppers. This year the way they have done in the past. They have to be careful about that. Well let's talk about crowd size and safety. This is going to be very important this year. Most retailers i talk to you. They're all adhering to the capacity limits set by local state and local governments. And as i've been out at the stores in recent weeks. I do see lines. you know. And and and stories being very careful. And how many people. They let in and that will hold true on friday as well. And you know. They're all adhering to this social distancing in the store and they're they're really trying to keep their store safe in part because they want to show government officials that they can. You know stay open. They don't want to be forced to close again the way they were in the spring. Let's talk about sales for a moment. Our retailers planning to offer in store bargains be sales. It's a very promotional time of year. But there may not be the deep deep discounts. We've seen in recent years so in heading into the season a lot of chains have actually scaling back. Promotions either offering fewer promotions or discounts. That are not as deep and one reason. They've been able to do that as they just have less inventory during the spring when everything was shut down. They were cancelling orders. And they just didn't restock were they. Were very careful about how they restocked. And so there's just less supply in the system. We're going to have less stuff to clear out meaning. Unfortunately for consumers there could be some higher prices as we've talked about on the podcast. We have seen this big shift to online sales amazon. Prime day in october will black friday then be taking on more of an online presence the sheer there's no doubt online is going to take a bigger share. The national retail federation expects online sales. This holiday season to a could be as much is a third of total holiday sales. So that's happening. Retailers are preparing for it. And they're actually you know they're trying to let consumers know if you're going to buy holiday gifts online do early because the cutoff for free shipping is going to be earlier this year. Because everybody's afraid of you know a bottleneck as we get closer to christmas. So that's something to keep in mind and you know in terms of online versus in store. Promotions they're not that different they a lot of companies. Try to keep them pretty similar and this leads perfectly to my next question. I'm curious about looking at things from the retailers perspective as we have seen in some places with some items supply chains have been stretched leading up to today. Have they made changes to how they're handling inventory or even deliveries. You know for a lot of the items that people tend to buy and black friday. You know apparel toys. Maybe like some items for your home. I'm being told that supply chains are moving freely. The factories are open in asia. There isn't really a backup or a major problem. Imports have been coming in at record levels at the us ports. Where you might see. Some problem is in items that are in super demand whether it's specifically stuff for the home types of like obviously peleton's hard to get athletic type equipment anything where there is like very high demand there could be shortages but for the the bulk of the items. There shouldn't be a problem and finally suzanne. What kind of expectations have retailers set for themselves. The retail trade group came out with numbers this week. They're expecting a holiday season somewhat in line with the past few years they say sales are going to rise somewhere between three point six percent and five point two percent that compares with four percent last year over the past five years sales have risen on average about three point five percent so they are expecting a pre good holiday and their thesis. Is that yes. It's true there. There are a lot of americans who are out of work and people are struggling but there are others who have not been traveling or spending on experiences. And they're they have more disposable income and the hope is they're going to get out and spend this holiday.
Michael Flynn: Trump pardons ex-national security adviser
"Former. Us national security adviser. Michael flynn who was convicted during the justice department inquiry into alleged russian interference in the two thousand sixteen election has been pardoned by president. Donald trump trump called his own action. A great honor whilst house speaker. Nancy pelosi called it an act of grave corruption and abrazen brazen abuse of power. Well which is it. And what kind of precedent does it set. Let's get the opinion of scott lucas professor of us. Politics at the university of birmingham scott. Good morning to you. Good morning do remind us of flynn's short-lived term. I think it was just three weeks in the white house. Well while it was only three weeks in the white house there was an import run up to the while he was on the trump campaign in two thousand sixteen. Because michael. Flynn lied to the fbi on two occasions and pleaded implied pleaded guilty to lying to the fbi about a number of conversations. He had with the russian ambassador. Sergei kislyak and december two thousand sixteen. Why were those conversations important because they were about an incoming trump administration lifting sanctions on russia. That had just been imposed by president. Barack obama over moscow's interference in the two thousand sixteen election and interference which of course favoured donald trump. So the was that that michael flynn on behalf of the trump campaign or trump transition was trading immediate political favors in exchange for russia's help The initially the trump administration tried to keep planning office in january february two thousand and seventeen but he had to be sacrificed trump's trying to create a firewall to prevent further investigation. That investigation didn't stop of course accommodated in the miller report which found that there was cooperation between the trump folks and the russians but the right wing insisted and kept pressing trump. You must pardon. Michael flynn he became like this icon for the misinformation that this was all a deep state plot to overthrow the president and we do at some point. That trump would probably pardon fled. It just so happens to come. Easy as trump is trying to cling onto the white house after losing the election in november. We'll see what kind of precedent does this set. I mean do you think that we'll see trump do similar in this. Lame duck period. Oh yeah i think there will be more. And i think that's for a couple of reasons but first let me remind you. That is not just that michael. Flynn actually lied to the fbi about the russia case. It's also that michael flood may have faced prosecution over being an unregistered agent for a foreign power. Taking hundreds of thousands of dollars shrunk turkey and russia for his work while he was on the trump campaign to the extent of making on voice of the turkish government. About extraditing a cleric who is considered an opponent of president aired on And that michael. Flynn was making more money of trying to get nuclear power plants for saudi arabia while he was on the trump campaign and the trump administration In other words trump is willing to give flint a pass for that for two reasons. One he wants to bury the trump russia a fair and trump still faces possible charges over obstruction of justice over trump russia. And secondly michael. Flynn could testify against donald trump in a number of proceedings that are ongoing at state and federal level. Trump wants to cut off that possibility. But you know what michael not. The only person who could testify against donald trump avoid that possibility and of course after trump's term ends in january. He is as you say likely to face. Many legal challenges is there any way he can preemptively. Pardon himself no. We don't think so. I mean no president has tried to pardon himself so we're on noodle legal ground but mostly glands say no that power can't be used to get yourself off the hook what donald trump could do however days before january twentieth. Joe biden takes office resign. Let mike pence become president mike pence pardons donald trump. That is an extraordinary scenario to to think of if it didn't happen in the interest of a united america do you think joe biden might pardon trump if he is convicted. I don't think biden will pardon trump because the scale of the abuse of power by trump as well as the possible crimes is is great probably greater than that of richard nixon in the nineteen seventies. But i what. I do think joe biden will do as is that he will not possibly. He will not push the justice department To do federal investigations in other words. Trump is in sort of a limbo but of lambeau at the federal level. However what joe biden can't do is issue commands to the new york state prosecutors who were compiling a series of cases against what would then be the former president and i mean. Do you seriously think that we could be looking at a feature where donald trump is behind bars. Look georgina there are many things that have happened. We could not visit for years. So i i wouldn't rule anything out at this point. I think donald trump's gonna go kicking and screaming and he as we've seen with his dispute of the election results. His attorneys will drive this out as long as possible. So trump might avoid prison but to avoid prosecution. Now i think even the donald can't get away with that scott lakers. Thanks very much
China slaps duties of up to 212% on Australian wine imports
"China is to impose Steve Tariffs on Australian wine from Saturday after saying that dumping is harming its own winemakers. Trading in the shares of one of Australia's largest wine producers were suspended on the news. Member insists that government research programs to improve the wine industry do not amount to unfair subsidies. China is Australia's biggest trade partner.
EU parliament backs lobster deal and EU-US mini trade pact
"News for the U. S. Lobster industry. The European Union Parliament has approved a trade deal with the United States that includes the elimination of customs duties on US lobster imports. The lobster industry has been hard hit by the pandemic, largely because people aren't eating out.
Foxconn could move some iPad and MacBook production to Vietnam
"Raider sources say fox kinda shifting some ipad macbook assembly from china vietnam. A new factory for the production is being built in the country's northeastern province with plans to open in the first half of two twenty one. The move is an attempt to diversify production away from china in light of the ongoing trade tensions with the us. Although it's unclear how much production the new facility will take on. Reuters previously reported that foxconn committed to investing one billion dollars to expand iphone production in india
Shipping Companies Hard Hit By Coronavirus
"Act fast one eight. The holiday season is officially underway but a surge of homebound americans turning to ecommerce or gift shopping might spell trouble for the transport. Frank collins got the story. Hey frank melissa. Holiday peak from black. Friday and new year's day is traditionally not really a great time for this dachshund carriers like ups and fedex despite the boom in business especially in recent years is e commerce grows for example last year both really underperforming the broader market transport's also facing the headwind of a trucker shortage the. Us will end this year with an estimated two hundred thousand fewer drivers due to the pandemic closing training schools delaying the licensing of drivers and leading many older drivers into retirement. Now that may not seem like a lot with nearly four million drivers here in the us but demand for trucking it more than double last month and major trucking companies. They have all warned about rising rates in difficulty in hiring and retaining drivers in their most recent earnings. The warner enterprises a trucker for walmart. Says it's already impacting product availability for all of us and raising the cost for retailers. Well think the driver shortage persists. It's one of the impact on inventory levels at stores and it's one of the impacts on what ultimately of drives rates and demand for delivery vans and tractor-trailers also spiking companies go to the us market for supply fedex and ups. They've been clear to us. They say that shortage is not directly. Impacting them but both companies are facing the challenge of an avalanche of less profitable residential e commerce and the impact on their margins. Unless you frank thank you. Frank colin. You would think that they'd be the most wonderful time of year for for these players. Tim but in the past we have seen shipping delays really impact stocks because the massive disappointment. If if mike didn't get that game console about an hour ago now in that happened on a widespread basis across america that could be an issue for for ups or fedex. I hope he did. Because he's he's now not only destroyed. The santa claus concept but he he better walk in the door with that thing. And if you think about what what happened to fedex and ups last year. Yeah it was a big issue and there was huge bottlenecks that they couldn't work through. I think the the the performance of those stocks though and it was really the last. The previous two holiday seasons were more a function of cyclicality the economy and where they were leading indicators. But look what we've learned from ups and fedex that they've actually mastered the essentially the beat ac- as opposed to the side which seemed to be higher margin but again what fed ex is doing on integrating ground and express and some of those synergies and actually using the entire system and doing things. We didn't think they are going to do is part of that story. I'm long fedex. I stay long transports of outperform the sap by fifteen to twenty percent since july. So for those people think it's time to take profits. I don't think we're for that yet. But i don't think i mean i think tina simply there really isn't another alternative right so clearly you might see some. Some cost pressure In the interim but i really think these companies have done a good job. This isn't a new phenomenon. Now right we've been this lockdown situation. The the advances that they've been able to made on the logistic fraud have already kind of transpired. So i know i really don't think this is much headwind. In terms of share price and again i reiterate there really isn't another alternative. This is the reason why i did. Mention names like target and walmart amazon. Etcetera that do have local distribution have kind of gotten in front of this holiday rush scenario but again. I think you've seen all these companies kind of prep for this and get ahead of the curve
"e trade" Discussed on My Worst Investment Ever Podcast
"If you can build up an audience of two or three hundred by authors and you sell that many of the first week, you're you've already blown past the average in your first week beautiful. Well, I just for the listeners out there. I think you can see the value, you know, the value is worth having a schedule keeping you on track helping you see less conventional ways that you can do it helping you get the marketing going right from the beginning. So all the details will be in the show notes for those people that are ready to take the next step just go to the show notes and I'll have the link to Josh's site and all that and we'll see you there. So now it's time to share your worst investment ever and since no one ever goes into their worst investment thing you will be tell us a bit about the circumstances leading up to it and then tell us your story. Sure. Well the when you first contacted me and you're about this, I thought well, I know exactly what the story is going to be. It's the time when I was a brand new college student. I had just gotten married and my wife and I had a little bit of money and we decided to have a contest and it was who can invest $1,500 and make the most money off of it and my wife one because I never invested the 1500 and this was in nineteen ninety eight or nineteen. Ninety nine and E-Trade had just come out and I thought well, I'm going to go put $1,500 in a trade and I'll make a bunch of money and I put $1,500 into each rate in a year later. It was all gone. And so when you contacted me I thought well that was a pretty bad investment. I mean, I guess I'm a lesson but that really wasn't the worst investment I ever made cuz I've got lots of other stuff that I lost a lot more money on and the real story of my worst investment ever was dead..
"e trade" Discussed on Elite Man Podcast
"So time is the number one asset is not about money. So what can you do with your time right. You can never go backwards in time. I don't care how i get or how rich you get or anybody listening. We can never get back. We can't we can't go backwards. So i'm always trying to maximize my time. I want as much money as possible. Not just for me but for my students in for charity now trading the most volatile stocks. I'm in out very quickly like today. I finished up seventeen hundred on the day. Small a little bit of a slower day yesterday was about forty five hundred the day before was like eighteen thousand so it goes up and down. It's not like every day. The last week. I lost like four hundred bucks someone debt. And everyone's like oh you lost you know. Sometimes that happens but my losses are smaller than my games. So i'm always thinking about the end goal. I know some of my top students. They turn off their profit loss column on their computer. They're just letting the charts play out. And i'm like why can't do that. I i'm jewish. I always hear about every single penny like my jeans. I don't know i. I tell them i was like i'm gonna give you a bar mitzvah. You start hearing about every penny more but it works for them so you know. They let the patterns. Play out for me. Oftentimes take rockets. Do quakers how much you mentioned time moment. How much time are you spending. And how much time do you recommend. People spend checking their stocks looking at their stocks. I know in one of those interviews. I think it was the london one where you were like you and i know you are just talking to you when i love it though this deep brain. It's like you're always thinking about the stocks. And the buzzing. And i heard i think i heard a couple of buzzes earlier. So how much how. Much time out of the day you spend in checking the stocks and putting your time and do and actually doing the work that you need to do. We interviewing landed in the stock market. Us stock market is open at night. There so i. I had to go during the us. Dagmar iphone. and. I'm like i turn off your phone interview. I can't do one so for me. I'm an addict on the addict. I admit that. I knowledge it You have to choose like again like tim. Length one of my students. I mean he helps me moderate my chat room to but he didn't that he just betting on the stands and he can walk away for weeks at a time and then he'll come back in a few months. So that's your pattern. Then you don't need that much time at all for me. I'm every day looking but it's not like nine to five job. The most volatilities between the stock market opened the first hour nine thirty am at ten. Thirty am eastern In in the last hour the trading day to four divorced yet. So if i really wanted to focus on that if i didn't have a chat room i'm answering questions. All day but a traitor. I could work two hours a day. Capture the majority of the volatility. So i knew a lot of people who do that. I mean timber tani top student. Who's at twelve point seven million. He's made three million this year in twenty twenty s at a fantastic here and he's taken the last three months he's like you know what i made. Three million just had a baby. I'm going to spend time with my family. So now he's done nothing for three months and he's loving it. I just talk the other day. And he moved his family to the caribbeans. I playing with the sea turtles. I was like yeah. We gotta talk. He's like sorry the later like sea-turtles but that's that's awesome so you choose how much time in what strategy works best for you. Every single person is different. This is what i've learned in the beginning of my teaching. I was always like you have to do with this. But now i have thousands of students around the world. You know everyone has a different time zone personality so it's it's really about tinkering and testing. I tell people you gotta think of yourself as a scientist in on a scientist doesn't come up with the magic formula right away. They do lots of experiments so try trading just for the first hour try trading for the last hour. Try holding the stock for weeks. See how you feel. In in tests with small amounts like this why they start with small dollar amounts. Because you don't know and then you size up your bigger positions once you're like okay. I know this pattern this word through my personality this So do you have that. E trade app on your phone. Is that what you're getting buzzes for the or is it something else on. My team actually created their own app called stocks to trade It's better it's specifically tailored for low price stocks cause e-trade in every other broker again. They don't want people trading penny stocks. Because frankly i gets annoying. Dot ru very quickly newbie. Customers will call them up like adding get executed but like penny stocks. It's not the brokers fall so he trade his life. Can you stop by telling people to trade many stocks. This niche sucks. But you know again for me. I like those inefficiencies. I like those problems because that opens up opportunity So i use doxa train. And i was actually testing out a new app for soccer train. Mobile which is finally coming out. So you got your own app now that you use do you still you said you still use e-trade though what's the trade so i don't have a brokerage stocks traders just charts in news. Substrate has his co. breaking news chat which is responsible for like half my profits this year in two guys to i know they're extended fund traders. It's their cure rating. All the breaking news specifically for low price stocks basically created this whole little industry below price stocks. Because i think that's the best niche for people with small accounts going on my phone getting a stock trade breaking news alert. And i always check this stock breaking news alerts and bryan dealt that like. We're doing an interview like you're not supposed to have your phone on like is it. Messes up the electron and i was like turning turning it off. There's more you didn't. You didn't see the whole thing. I gotcha so but you don't you don't actually make moves on your phone like do you make all your moves on the computer and you're online doing that so if you don't make i know robin hood like my friends have it. You can do it right on the phone. You mentioned that earlier but you're doing all this stuff on the computer i again. I'm overly cynical. Overly cautious just because i've seen so many traders blow up over the stupidest thing i mean. I've seen people literally where they put the wrong thumb right like if you swiping a little too much you bought like seventy seven thousand shares instead of seven thousand shares. Like little things matter. So i'm like a class. I you know even just walking into the door here like banged right into the door. I know where the door is. Why can i not go juice. So i recognize that. I'm glad i recognize that fasting. Your mistakes what they're called happen. I still make mistakes sometimes like when my keyboard right now. My keyboard missing ortiz. I did a video on this. I can't change my laptop to now. Mike superstitious. I'm having my best year ever since my lucky laptop like half the keys missing so like my alerts like k by doesn't really work chiba in his off. Like iran. come on your onscreen..
"e trade" Discussed on Optimal Finance Daily
"But are there times when they don't really matter you might be surprised to know that yes. There are times when commissions have significant impact on your investment and times when they don't. Commissions are always a drag on investments. It's just a matter of how much in this article will learn how to identify scenarios in which commissions can have a significant impact on your portfolio's performance and when you shouldn't care as much about commissions. When Commissions Matter? Let's look at a few different scenarios where commissions have a large impact on investment returns. Small accounts. When you have a small account everything is amplified. This includes losses. Here's an example account size five, thousand dollars purchase one hundred shares of a see at thirty dollars a share. So three thousand dollars sell all shares at twenty five dollars. So twenty five, hundred dollars, round trip, sell commissions, thirteen dollars, and ninety cents at E. Trade. The account has realized a five hundred dollar loss that's a sixteen point, six percent loss on the account, which is a significant amount what about commissions? While thirteen dollars and ninety cents seems like a small amount. What happens when the account does ten round trip trades and that's only two hundred, fifty dollars ten trades cost one hundred and thirty nine dollars on a five thousand dollar account. That's two point seventy, eight percent. With just twenty trades five point, five percent of the account has already been eaten up by commissions to put it another way a hundred and thirty nine dollars is over fifty, five percent of the Prophet. Contrast that with a fifty thousand dollar account hundred, thirty, nine dollars is only point two, seven, eight percent of the account value twenty trades aren't even one percent of the account. Going back to our ten trades at one hundred and thirty, nine dollars the fifty thousand dollar account is ten times higher than the five thousand dollar account. Let's say it's profits on those ten trades are ten times or twenty, five hundred. A. Hundred and thirty nine dollars is only five point six percent of the Prophet. It's difficult enough to make money with a small account, but once commissions are factored in it's nearly impossible. Abnormally high fees. Just like buying a home you want get a good price and not overpay that's done by knowing what the surrounding home prices are. The same can be said for commissions on my trade shouldn't cost more than ten dollars with many around five.
"e trade" Discussed on This Week in Startups
"A public offering. What is the category you do this under? Yes! This is a this is a reggae public offering. So if you go on the SEC dot Gov website for masterworks you can read. You know the the offering statements in it's. It's just action. Super Cool I mean. We were the first company to secured as a painting to a year and a half to get the first. Vehicle through the SEC. It reads just like an Uber `Swan right but as a painting going public re securitise it, and then we, we sell shares, and there's risk disclosures and everything like that that you would expect. Is there a possibility that this would be on the public markets and traded like on E. Trade and Robin Hood, or is it better suited for these more small? You know offerings. Yeah I think for individual paintings or paintings that are less than twenty, five hundred fifty million dollars hard for them to be exchange traded just because of the expenses involved with with exchange, traded securities all right that cost millions of dollars a year to have account. It's in appraisals and all that stuff. Yeah, but you, but you can see a world where where there's a fun exchange traded the against people exposure to these underlying vehicles or or assets at some point in an average painting I think you're media would be two million or three million your paintings. Going up it's probably. I would say now arranged the reverse on sort of in the you know to ten million dollar range. Are Now is probably three four five million. Okay, let's pick four million. How many individuals participate in a four million dollar offering on average ballpark? Well I would say the the average investment right now is somewhere around four or five thousand dollars her per painting per investor, so we leave this weird weird world were not investors are not necessarily very small kind of couple hundred dollar crowdfunding like investors. They're also not very large Hundred thousand investors were. We've sort of found this sweet spot in the middle. And then we're seeing. People Invest in multiple vehicles or Investor might be investing twenty five thousand dollars across a number of paintings..
"e trade" Discussed on Wealth Management Today
"How banks see digital advice now versus when you started the company, Yeah Craig I'll do all I can to get you up to number ten by giving some insightful comments, so we'll see what we all right. Let's see what we can do that. Not all edited out, so it sounds insightful thinking you very much I appreciate that. So just to also just to answer the question from a bamboo perspective, but also perhaps from a personal perspective, so I mean infant text twenty-five years, so not not trying to sound grandiose, but I. When I started E. Trade in the ninety S. we didn't think of ourselves as INTECH. We just thought Oh. We can put broking online and in the nineteen it seemed to the sounded a bit strange. Why why does broking need to be online? We have broken the clearly today. Fast forward. Twenty five years, and somebody actually said to me. I'm fifty three Craig so a what I call a young person, but a real young cousin that twenty said E-trade was that what are the legacy brokers from long long ago and I fell, he was like like Robin Hood, but before and I was like. No no, he traded cool used to be cool, but the reason I mentioned that is. Wealth. Management today. Primarily is still not very cool. It's still seen as manual. Lot of friction expensive and again there's that young person, said it sold by dudes in suits now. Maybe that was five years ago and what we're definitely seeing now is that you know standing on the shoulders of whether it's betterment or a wealth from and simple eligible people come into the market, not just at mass retail, but we see up to personal capital when we started four years ago. Craig I would find these when I say by. Financial institutions be they wealth manager as asset managers are is banks. And I would say you need digital. Do we really you think so? Why and they kind of understood it and they could see it changing, but in the short four years Craig we haven't made an outgoing sales call for a year. We only have incoming now. So the change that we see an awfully partly, it's the new world we find ourselves in now, but even before that to your question. Do they look at it differently? Yes, because it's no longer. A zero sum game like they think. Oh, it's all humans are all digital their understanding. All humans need some digital. They can't have zero. That's the biggest change it used to be a. we can just have an adviser now. It's my adviser need some digital I might not get him to one hundred percent, so I truly think in the last four or five years, the perception of digital in wealth has changed dramatically, and we're seeing the same thing here, so it's interesting to to hear that it is becoming more table snakes when firms realizing sort of. I see similar to how a website was ten or fifteen years ago. Where a lot of firms so a website, not that important..
"e trade" Discussed on Equity
"To, make the decisions that are right for them, no one has to download robinhood known as to install an account known has put money into it. No one has to trade. I haven't have robinhood account which has about thirty dollars in it because I don't have the time and neither do I. Have the legal or ethical obligation perspective to be able to actively trade stocks cause. Cause journalist, but I know my limits and I think that there's this empowerment that comes with saying look. Don't trade if you don't know what you're doing. Yeah, so I think one of the first things you said. Was You know I'm a investor I'm a math major. I'm not qualified trade options I, think that's a really good perspective and draws a good circular and who might. Might, be ready to trade options like seven people I think stories that twelve percent of robinhood users trade options, which is an insane number of people that are using these tools and going forward to what you said about the whole like you know price discovery, and if we can't charge a thousand percent per day than people might not get access to the lungs, I don't agree. Agree with that at all. I think that's ridiculous. Argument I think that sounds really good in a debate hall, but in the real world that's it and I think what does a lot of people to get into cycles of debt that destroyed families destroy wealth, destroy any chance at digging their way out of it, and what you're allowing for is effectively predatory attacks on people who? who had the least sophisticated and your argument that poor people are untrustworthy I think it's not particularly could one regarding where interest rates should be set, so I think like there's no bridge between us, but I think we could both agreed that perhaps robinhood, requiring more education people are given access options would be a reasonable middle ground on this one. No absolutely and I think look. There's a lot of focus on the fact that thirteen percent I think was thirteen percent of robinhood. Customers have actively traded options in some period of time twelve or thirteen percent doesn't matter, which is way higher than you know a equivalent to charge Robin e-trade, but that said let me give you another perspective maybe Charles. Schwab in Eighth Grade, I don't actually. Actually know this options rate. Charles Schwab and E-TRADE may not make it easy to do so. It may be the case that you're retail. The only way to really realistically trade options under daily basis is to use Robin Right. They may have captured a type of clientele. The no other bank or another bridge was willing to serve well in the marketplace and..
Episode 2 - 16:00 07-07-2020 16:00 - burst 3
"Percent lot of those losses. Really coming in the past fifteen minutes of trading the tenure of twelve thirty seconds with a yield point six three percent. Gold up twelve dollars. The ounce up seven tenths of one percents seventeen ninety seven the ounce and west texas intermediate crude down seven tenths of one percent forty dollars and thirty five cents a barrel lot of concerns about the us economy and the potential rebound as. Four that rebound. And how long it might take mad. Hannah's portfolio manager with summit global investments. He was our guest ago. Right here on bloomberg businessweek. We all hope for shaped recovery by history doesn't early provide from such a recovery for tampa even at bogor financial crisis took five years ago from ten percent. Unemployment to six percent You know we're sitting at
"e trade" Discussed on How to Money
"Support for this podcast and the following message come from e-trade treating isn't for everyone but E. Trade is whether it's saving for a rainy day or your retirement E. Trade. Has You covered? They can help you. Check your financial goals off your list and with a team of professionals giving you support when you need it. You can be confident. They gourmet is working hard for you. Get more than just trading with E. Trade to get started visit eatright dot com slash. Podcast for more information e-trade securities. Llc member FINRA SIPC support for this podcast and the following message come from e-trade treating is in for everyone but E. Trade is whether it's saving for a rainy day or your retirement e-trade has you covered. They can help you check your financial goals off your list and with a team of professionals giving you support when you need it you can be confident they go. Money is working hard for you. Get more than just trading with E. Trade to get started visit eatright dot com slash. Podcast for more information e-trade securities. Llc member FINRA SIPC own our. We're back in next question up while student in New York had a couple of questions for his actually. I'm Adam Joel. My name is esther and I'm from New York City. I'm in my early twenty s and currently in graduate school. I'm looking to open my first credit card. I understand that for people with no income such as myself. Some options include STUDENT CREDIT CARDS SECURITY CREDIT. Kurds and being added onto my parents credit card. Assuming that student credit cards are the best option of those. What recommendations do you have for all types of student credit cards that are offered by different banks and institutions? I don't normally spend very much money at myself. Secondly should I apply for a credit card and that way to be declined before applying for a different one or should I apply for several at once third once I do have my first credit card? Is it true that I should never close to retain the length of their credit history fourth? What disadvantages ought to having credit? I've never heard any cons. Fifth what resources do generally recommend for people like me who have zero knowledge and lock the vocabulary to really understand personal finances. I think that money is a great resource in thankful to be able to learn so much from each of your episodes. Keep up the good work. Thank you bye. S there Thanks so much for the question. Great to hear from you questions. Oh that's true one thing you said that kind of raise the red flag. Which is that. You don't currently have any income and so as you begin your personal finance journey. Yuna make sure that you are using credit cards properly right as a tool and as a method of payment for expenses that you would incur anyways. You WanNa make sure that you're not tempted to overspend escapes. You obviously want to you. Want to avoid that happening. Altogether in fest. Something that you can't avoid you might want to actually avoid credit cards altogether and I think one important thing to mention to before we get into the particular questions. There's something else that we can bring to light. Which is is that getting authorized user status on one of your parents cards. Let's say if you if your parents handle their their money and their credit well is a good move and it's easy for them to do that from their account and once they've logged in they basically add you to their account using your name or date of birth in your social if they handle their credit. Well though skip this step because you don't want to be an authorized user on someone's account basically what they're doing is they're they're adding you and and hopefully not giving you the card but just letting you benefit from their good credit score and so that's definitely one way to kind of skip. The line essentially a building credit. And you're kind of gifted credit based on someone else handling it well and that's one of the ways that you can ensure that you're gonNA get qualified for one of these student. Credit Cards is by knowing your credit score you can sign up at Credit Karma or credit scorecard dot com in order to be aware of just the different movements. And what's happening with your score? If you have a solid score like you can maybe skip the student card altogether Go.
"e trade" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"Now who have wealth management stock plan business and self directed needs? I don't feel that having a self directed option will cannibalize my business in any way. I think instead it's about giving clients what they want and need from where I sit. This acquisition could be the biggest differentiator amongst the big firms. And exactly what? Morgan has been in search of for a long time. The acquisition of E. Trade gives Morgan a real leg up in the recruiting wars a legit alternative to Merrill. Ubs and wells see. That's the thing for the longest time advisors were leaving the wirehouse world because the firms all felt the same to them virtually interchangeable. So if you were frustrated with Merrill you presumed it was more of the same elsewhere but this deal says that Morgan is different. It says that wealth management is more important because it's a wealth management firm that owns a bank and not the other way around and that is a very important distinction. Any trades stock plan clients and those clients that graduate from the self directed option have the potential of serving as a referral source to advisors. But here's the deal. We're watching closely to make sure that Morgan leaves the choice of when and how to move clients to self directed option to the advisors and clients themselves not to mandate which was a mistake that Merrill made enforcing advisors to move clients to self directed option really infuriating advisor. Talent as long as Morgan allows advisers the autonomy. They want to decide who and when a client moves to a self directed platform. We believe they will retain the strong advantage so while the wirehouse resurgence may give independence to run.
"e trade" Discussed on MAD MONEY W/ JIM CRAMER
"At last at last this market took a breather. Dow One hundred twenty eight points. Sp should point. Three percent. Nasdaq sank point. Six seven percent. Although we were down a lot more earlier in the session I gotta say I gotTa say it's about darn ties. Gotten too easy. People got sloppy. How do I know Uber Drivers Making too much money? On Tesla because the culture was questioned ballard power because the shoeshine man had finally picked a winner and winner was amd because he's got way too crazy and they had to stop. And even even the sainted Virgin Galactic. It was felled yet. They even got the space symbol. Spca or spice as I like to call the call cells are not created equal. Some are a lot worse than others. This was not a slash and burn. 'em selloff wanted to kind of Bruni due to trees that are too near the power lines. Short looks gas through in the dump that Wood chipper but Pixel term which is leaving yourself open to California style wildfire. I like it when the market gets proved because trees grow back and hopefully they grow back stronger slower stayer day for the market and take a dive. And there's a lot of good news. Think about Morgan Stanley. Do we're instantly. What e-trade in an all stock combination? I think that was a smart move. E. Trade was coming into poor second bind up. Start Robinhood so why not sell themselves to a fantastic firm like Morgan Stanley? What does the bargain element? Morgan Stanley just reported the best quarter of all the brokers and all the banks yet. What happened to your stock did nothing I should have meant to you on. They needed to take action to generate some excitement. Some then some additional property synergies here are so easy to see like the Swab Emerging. Gio before that it meant Morgan. Stanley only took a four point. Five percent hit today. Even though the issuing a lot of new shares. And I've gotTa tell you it's just moved up in the pecking order of the brokerage stocks. That I like is CEO. James Gorman told me quote we are now the gorilla wealth management end quote? He explain how this acquisition quote continues to shift our profile asset light regulatory friendly without damaging a world class institutional business. I agree tried to work. There got the job. Didn't do it this firm. I like this version of the firm..
"e trade" Discussed on Software Engineering Daily
"Com slash g two is now the critique of Robin Hood was sort of that. Oh my goodness goodness Robin Hood is actually executing trades on their back end in a way that clears them much more margin then then e-trade or one of these other you is that is not so millennial friendly now that's kind of critique we all Paul saw coming like of course you know. You're giving millennials. You're giving naive millennials mobile interface for buying and selling stocks. Obviously you're going to get ripped off on on the transactions cost but presumably you know your millennial you should be buying and holding. You're not a day trader. The story is a little bit different for you. You probably have to become a little bit lower margins right because you're building. You're dealing with a more savvy customer. I'm glad that you asked me that. Because that's that's what so-called I think conversation round payment for order flow and I see a lot of a conspiracy articles those coming from journalists which are not necessarily true about Robina. Know about what those John said as the conspiracy theory conspiracy theory about Robin Hood. Yeah so you know. I have huge. Respect to Baiju in Vlad Building Robin Hood and I like we. Of course I know what they do because like you know that's our industry. And how the micro market structure works behind the scene is pretty complex and these pretty unique unique in the US stock markets. There's a same thing as crypto market. There's a maker taker fee and there's a fifty exchanges in the United States. They're fighting each other to get the liquidity from the users so they use different type of a incentives called a maker Taker pulsing that equity you. Basically basically give the money back. And if they take that agree to charge fees and there's a middleman cold market makers wholesale market makers they collect all those flows and trying to make money from the different incentives coming from different exchanges so for those mark wholesale market makers if they have more flows of trays they can have more opportunity to make money by utilizing the exchange rebate structure. So that's where US Alpaca or robinhood talking e trade or tedium trade. They send trace to wholesale market makers and we received some kind of basically introducing what that Daddy's cold as payment for order flow and this is all disclosed a regular regular report called 606 part. How much we are receiving from those wholesome some market makers in who we are receiving from and this is nothing different from robbing? Don't trade or Alpbach our TD AMERITRADE or any other broker dealers. That's out there so I think you're gonNA people talk about you know Zero Commission and like you know Robin who's doing you know sh thing by. It's not necessarily true because like you know they're doing exact same thing aim but the Robin Hood Went Zero Commission so I think a lot of John Lewis wanted to pick on what the all the broker dealer like. I'll say all but like most broker dealers do on background right and Robin Hood just unfortunately got picked on because like you know. They went zero commission. But now everyone's Wednesay Commission trade including all those other other existing broker dealers and the do the exact same thing as what the Robinhood does because commission is your sugar on top like their margin regardless exactly what that is the weird part right like facebook makes money on the back end by selling ads and exists in broker dealers use. Do they also charge you to. I use facebook. What is this right right? So Robin Hood did have an innovation with zero commission and then they they changed the market. Essentially Yeah Yeah as you're saying because we deal with more sophisticated audience we are very transparent. We explained this is how we make money. And this is how it works on the back. End As you build up more volume. Do you get better margins. Because you're selling to market makers in higher volume and you have economies automative scale. The scale is more comes with internalization of the what we do as a company so basically the same thing I think. Think of this more of the cloud business box or dropbox. I think like they used to use. I'm assuming aws by entry. They changed that to their own server internally because he's a better margin better control more control it a similar thing some stacked like no we don't own it if you really internalize that yes. There's a better profit margin using and why you want to do that. Because their volume it makes sense economically right and what does that look like so if Alpaca becomes gigantic. Do you eventually really want to build a market maker business. None necessarily again like our vision. Israeli middleware for investing in general so. US stocks is not the the only thing that we want to do what we want to do is connect as many different time of the niche asset classes into one. That's my priority for us so you're not not necessarily going super deep into one thing may not be. Our focus is the equivalent business to this in Crypto is that market already saturated like I. My sense is that there's already a lot of API for doing crypto trading. I agree and I think the reason why. For that is crypto industry. Three in nature is built by software developers and traditional assets were built by finance guys and I think that that is why I I really did not exist until the pucker in the stock side. Does your back end. Look in any way lake AAC what what plaid had to do in the early days where basically it was really duct tape and chicken wire like very janke. You know the the programmatic interface. The user interface is fantastic. Wow it's a magical. API for connecting me to banks. But what they were actually doing. I think it's like spinning up a VM. And like literally logging in to Your Bank and like scraping the screen really weird stuff. Are there any parts of integrating with the the financial landscape that feel like that really really old. Janke stuff you have to do that makes you a little bit sick inside. Oh yeah every single day every single moment like what what well even sinking like those accounting right like you know how much money and all those things reporting end of the day with you know CSV's and like you know five conversion like you know we as some notification through emails because there's no ABA connection. Yeah I think it's countless amount of the things that we have to do manually which we automate a heck out of it on our side but connecting getting to those people. He's always a pay. Does automations break. It's a system so you know there's a risk that may break so that's why we have to be extremely careful like our system awesome is a very mission critical systems. We really care about that. Yeah Yeah I mean you. Remember that company What was it night yes? Night Knight Trading Capital. I mean that is like the ultimate example of like exact unit test or I don't know what's Savelli night. Capital was literally like they had some algorithm that they thought was trading in one direction it was actually trading in the other direction like buying tons and tons of securities in than just the company went under water thanks to Algorithm MIS configured. And that's actually a humira human error of not updating one of the eight eight servers that they missed two supposedly supposed to upgrade and the guy who was supposed to be monitoring that thing he seems Mr be out for a few hours or a few days was there. She was traveling on vacation and didn't have network or something so extremely humira. Don't do do that exactly. That's we introduce those cases to all our employees and staff because we deal with this mission critical system and the human the era actually creates the kind of things like you know disaster so we need to have a culture that we understand. This could happen so every single single thing that we do has to be extremely careful at the same time as a company. We have to move fast so creating value as a company ourselves. It hasn't been basically has come from both sides tech side and having understanding of there's extremely long tail risk that this one thing could blow up everything what do you think about the potential Of the Crypto Eko. So there's this term defy anti-centralized finance and I think it's the idea that you have permission. List crypto ecosystem where you're unlocking the potential chill for anybody to have access to first of all obviously crypto assets. But then you know the idea of defy I think is that you put synthetic assets that track you know Coca Cola Stalker McDonald's stock or whatever you put those synthetic assets into the crypt ecosystem and allow anybody in India or wherever for to buy these things essentially unregulated fashion. I mean synthetic Serb-run does that. Yeah I guess more broadly like what do you think of the potential of of Crypto to make trading infrastructure more seamless or permission list. Does that matter I mean. Can we get everything you're talking about. Alpaca Alpaca unlocking the potential to bring. US products US financial products or did better financial products to the rest of the world. Do we even need need the crypto ecosystem to quote unquote to decentralize this kind of stuff or is it naturally getting liberated by API's infrastructure. Those very good question. And I'm a big fan of decentralisation I went to and like you know I'm a big fan of it at the same time I also I also saw the strength. Thanks for having very strong regulation as well because what happened in last couple of years in the basically ICO or a Yo or for crypto a trade. And you know it's really the history repeats itself rhymes itself looking at what the US existing existing securities market experienced since one thousand nine hundred eighty three. And if you read the history all those things that happened in ICO or those scamming scamming. The crypto happened in the past so eventually that has to be stopped. And that's why like you know there's a you know the government's move move in fear that things out so I think the any ways of doing that kind of thing. I think you will be coming into one anyway. So the concept of synthetic panic is not new. I'm using synthetic credit default swap. That hasn't been there before Leeman and that's why like risk shoes. Yeah so so. I don't see there's anything new by just have to be streamlined. In a right way and combined into the process so that there's more efficiency agency and I think just you know using crypto it's more of a blockchain and some of that digital a way to do that. He's just one on over the methods that we can use but the problem that we're trying to tackle is to make this whole thing accessible as possible to anywhere in the world and I think you know whatever works we have to try it. Is there anything practical about it though. Like I mean crypto. Like I get the decentralisation I I like the decentralized gold use case I liked the decentralized store value days so hence bitcoin and Bitcoin only is the rest of complete madness. Do we need decentralized computation. Do we need decentralized smart contracts. Do we need any of.
"e trade" Discussed on MAD MONEY W/ JIM CRAMER
"Hey I'm cramer welcome mad money. Welcome to a very special west coast Kramer takeover bid one make friends. I'm just trying to make some money. My job now just entertain but to educate teach is putting context. Call me one eight hundred seventy three. CBC or Tweet me. Jim You invent you disrupt or you die. That's that's the mantra. So many businesses out here the SU- Nami of invention disruption riches far beyond this intensity and the valley that butts this storm clouds darkening the portions of others canaveral riptide of creative destruction the reverberations rattle whole industries with awake so rural that they often determine the direction or stock prices in the whole segments or even the market itself on a day where the drop the Dow dropped fifty five points. S&P five hundred lost point one six percent and the Nasdaq decrease point to four percent. Let's let's just deal with the news so you understand the prison. Take the biggest doctors day. The possible combination between Schwab and TV Marci with the former potentially buying the ladder and a twenty twenty six billion dollar combination that would create what might be an unbeatable five trillion dollar on line Colossus. These companies have been scorn opponents ever since electric trading became the way the future more than twenty five years ago. They need trade have been in a battle for assets. I mean it's come on. It's been incredible assets in commissions the latter knowing no bows with pervasive advertising fancy trading platforms and most first of all. Yes that's right. The right price trait they could charge low commissions versus say the commissioners are charged when I worked at Goldman Sachs because of their scale. That could literally make hit up in volume. Their stocks of e-trade often mentioned the same breath had tended to rise and fall with the gyrations of the stock market over time the wing interest of I individuals. Many of them have been brainwashed into buying and holding a lot of sub optimal. ATF's has given you a secular decline decline in the business. Still Province have been solid and after three fronting burdon light battle. That they'd been undergoing they settled into kind of a profitable moment. Swab becoming the premier acid gather of our time. Sites being commissioned juggernaut advocating being a very profitable business and then along comes Robin Hood. Did an online start charging no commissions for stock trading. Plus you just consider them a perk for giving you're giving your assets and you know what nothing's ever been the same name. The company began a half dozen years. Going rapidly. took off on the fingers of millennials who actually likes stocks. They let the by itself how fast it's grown. It's about the size of the much more famous E. Trade more than four million accounts more importantly they are just the kind of clients one younger active enthused and not beaten down by Wiseman who tell them. It's a fool's game to try to make money. They try and they succeed. Robin Hood that character character who robs the rich to provide to the poor. A mythical figure a constant allegory and perfect name for a company that robs from the commission charging overlords and gives in the generation. That likes everything for free. If it's online no Wall Street.
"e trade" Discussed on CNBC's Fast Money
"The exercise really impossible. Let's Oh I like taking when you put the a card up and say okay. The next next combination in this space will be A. Wow well I mean I think at a certain point e-trade goes I don't know if it's Goldman Almond sexists gobble up but I think e-trade will go but I think there's going to be paying for the next couple of months is going to be very painful for trade. I think they're going to let that one sort of die in the vine and then somebody will come in and gobbled up if I had to guess each rate goes march of next year. How's that like that? I think it's probably yeah. Love back back to the block back. I think it's probably your robinhood Tim. I mean it's like you get a little higher action. You get if those guys these two young guys they take private. I mean there's different I think you're also talking about there. There could be private equity money. That sees a lot of value trade. I'm sure he's not going away tomorrow. Let's because I think what we're talking about is who's in the pole position. But how about a money center back. I mean how bad to me that most Larson. Yeah I mean you need to scale. It's all about scale and reduction of cost. It has to be somebody giant. I make the most sense but it is also great at taking businesses. Private that are in in in structurally difficult times and finding and finding the valuable asset selling off the pieces that you know. That's the total. Play you guys. This is shareholders if Citigroup eager for Bank of America one of those two. Let's say said tomorrow we're going to buy E-TRADE. Would you be happy about it or the right price would be and I think again. Their businesses are complementary memory And and Citibank at back of America have booming thriving wealth management or a business as well that I think this makes a lot of sense but the infrastructure the pipes everything everything they have makes a lot sense. Yeah I agree I think it would. I think it's a chance for them to reduce costs and run more efficiently. And Yeah I would interesting all right coming up. Don't ask them stem.
"e trade" Discussed on Beers with Talos
"Typically, when you see nation state actors, and I think it's safe to say every really every nation state threat up until this point when you catch them red handed they kind of like back off and run away. In this case, we're seeing very aggressive attacks against registrars registries. And when the public had a little bit of the information, they didn't stop. You know? So I don't I don't know what the next level of esscalation is here. And I think that's kind of what Matt was getting to earlier was that, you know, these kind of things are not going to be tolerated indefinitely countries are going to have to find some behavior to influence the people behind this to stop. And you know, where does that end? What road are we on right? It doesn't it doesn't end just keeps on going down strike downhill. That's where it goes. What's their what's what's their impetus to stop now? I mean, how's that going to change? I mean, if you're not dealing with a with a, you know, actual government organization, it's hard to influence that diplomatically, right? I mean, it's definitely more difficult. And if you're not, you know, their shadow groups are hard to catch. It's hard to put that so, but that's not the case here. That's not the case here. This is this is a state sponsored organization that's doing this. This is this is not a unmanaged group of you know, hackers in their mom's basement, these these these are, you know, these are is designed to address one country's intelligence needs. And they're using this methodology to do it. And so these are these are decisions made by by nations. And so these these decisions should be questioned. And there should be discussions about. What in the course of accepting? What people say is. Well, there's been in, you know, intelligence activities for all the time, and that's absolutely true. But there's there should be questions about what isn't is permissible in the in the course of pursuing these these agendas. In the face of the risks that you potentially face in terms of reduced trust or stability in the system that essentially runs the planet right now. And I'm not pretending that I know the answer. Like that's not what I'm saying. I know that there are a number of organizations. There's and I may get some of these wrong. There's the cyber peace initiative. There's a an effort out of Microsoft that actually addresses specific cyber-security norms, and what should and should not be allowed trying to get countries to at least come together and talk about what they will and will want do, you know in non wartime activities? And so there's there's not been any movement on this. I'm not sure that there's a lot of faith, this is even possible. But if if these discussions, you know, aren't put forth, and if these organizations are in challenged, you know, would how are we? How are we going to to work together to try try to frame out some kind of of safety for for the internet, the individual activities that this? This. This set of actors are doing is not you know, we're not saying that things specific things they are doing we're going to cause any of the internet's not going to fall over in what they're doing. It's about targeting that piece broadly like a whole bunch of different ways. You know, you don't want state actors going after root servers or registries, or, you know, changing, you know, stuff if you control like if you're able to do the same attack that we're talking about with the level of control that they have on these on these country top level domains, but you were instead successful in obtaining the access necessary to do it in dot com. The things that you could do there's I can't even come up with a nearly coherent complete list of whether you do, but you could be Microsoft when you wanted to and deliver what you said was the Microsoft update this month, you could you could be e-trade, and you could say, well, hey, this stock has fallen triggering sales..
"e trade" Discussed on KTAR 92.3FM
"And so we're gonna want to settle on just one or two major investment firms to deal with and one of the first questions you're going to want to think about is do I wanna buy index mutual funds? Which case you're going to end up either Schwab or bancard, or am I gonna buy exchange traded index funds that point? Yourself investor? There are a whole bunch of different discount. Brokerage firms you can go to Schwab and vanguard all have discount. Brokerage john's. They're also thumbs like Ameritrade e-trade and so on and so sending your choice of financial providers becomes much larger. But as you think about this financial providers. Only think about you know, what is going to call you to trade, and what the expenses are on the mutual funds or the ES that you plan to buy. But also think about what you're going to get charged on the cash account because for a lot of financial thumbs cash account that they offer is where they make a big chunk of that money, and you can see this. If you go and compare the cash account many discount brokerage films with what you say you go to thank God. And you buy their low costs money markets on for their low cost money market fund. You might be getting two point five percent at thank God you go to a lot of brokerage firms. You know, you're not getting one fifth of that account speaking with Jonathan Clements editor and founder of humbled dollar dot com. He's put together some steps if you wanna put together your own investment portfolio wanna rethink the mix. You already have a skipping around step number five build your own. Explain that. Competitive era of the index fund market now, both ATS and index mutual funds are so-called total balk at funds, and if you really want to hold down your investment costs and also manage your annual investment tax Bill. You may want to do is put together a collection of three total markets on totally US stock market fund total US bond market fund and the international stock fund. These off Bisley competitive arenas when it comes to gathering assets by the fun companies need yet providers. So some of these funds are actually available at Noel expenses. Now, fidelity rolled out in zero funds lost years. So you can get into this this out of the market and put together a pole solo and your total annual costs might be five or six cents a year every hundred dollars you have invested in the big advantage. We on low cost is when you put that portfolio. You can take the bond portion, and you can put it in your retirement account. What's the advantage of that? We'll be adding those taxable bonds in your retirement account. You can avoid paying taxes each year on interest that you earn as a consequence you'll have a much more taxes portfolio and a smaller Bill owed the IRS when April fifteenth rolls around Jonathan Clements, founder and editor of humbled dollar dot com. Thirteen minutes now in front of the hour. On this.
"e trade" Discussed on 710 WOR
"And Elizabeth Gearhart were here for our second pitch. It's by Christian smeltzer with suede. Welcome christian. You have two minutes. Go the easiest way to explain the concept of swayed is if you were to take any type of item facilitation site like EBay or Amazon or Facebook marketplace in Mary or merge it to a site that allows you to do investment management like e-trade, Robin Hood, stash of these other applications which are coming onto the market. It's really a barter site. We don't use the term barter too often we want to reinvent the term of trade border, somehow infers a level of low quality. And what we what we've done. We've tried to do is to bring the concept of trading of bartering cheer the information age if you were to look back into any of the historical dark ages. Medieval times, you were to give maybe a pound of barley and you'll get an equivalent value, either, silver or wieght, or or bacon or anything that was a commodity at that time. Now, it's no longer who has that value gets the value. It's river has the better advertising team. And we've seen that now with name brands charging higher amounts and users are getting used to functioning as as the market tells them to a coat is at its highest price point and only available now in the winter. So it was a surfboard in the summer every single item on the planet functions like that with the actual supply and demand of those products. So if you were to take a system of bringing all those in one house a full spectrum broader application, which gives you data and collect all of the trends in the market validation to allow us to see when their product would be most valuable it'll allow them to leverage that asset much more effectively. Thank you for sharing that. So how does the system work? So the system is a mobile and web application it has. Watching integration and it. So it allows us to track a lot of different functions that the users do any navigation that they have what they search for as lousy to track. What an item is really genuinely going for what it is is is we rent for a real market feel. So if a product comes out on a store shelf, and it's one hundred dollars, but it's really only trading on our site for items that are worth fifty dollars. It allows those users to kind of keep those larger corporations accountable to really put those pieces on the market at a price point that's comparable. Are you able to grab prices from multiple websites rather than just the big ones people like wholesalers and discounters, and how are you able to also catch counterfeits? We'd naturally want to be very careful, and it's a real genuine concern. There's different methods of catching counterfeit either accounts counselor shipments. So the way that it works is essentially user will log in upload an item that camera to upload anonymous and apps. So you can't grab information off of on line source that has to be genuinely within your possession. In addition. Because we're managing both sides. Unlike an a company like Amazon where one person is sending one person something else both of these items are actually being ships. So we're managing both points of the trade, which means if if one item isn't ready to be ships and the other item has been should we can freeze the incoming item. So that people aren't just going through a trade motion inbound, so that's another another method. So there's a simultaneous exchange feature sort of rank people meeting on a bridge between countries and changing spies. That's what you had in mind when we had in mind yet. So an addition also we urge people to utilize insurance options when they when they're shipping item. So there's a lot of different ways that we're able to mediate obviously, leveraging payment information, the only cost on the whole platform is shipping. So we are going to have payment options often if a person decides to to send either an item, that's undescribed. We can return that item we can leverage that against their payment option that they've uploaded onto the site. In addition going back to your other question about grabbing data from other large sites or different sites are algorithm. You put an item on there and you enter specifics about the item, and what our algorithm will do is. It will scour the internet in addition to our site, and it will find items that are similar in condition and details, and it'll grab the retail value. It'll compare that to the retail value of all items on our site that have traded for this is. Item. What it does is? It averages out that information and says the items worth an average of seven hundred on the market new from either Facebook marketplace, ad Craigslist, Amazon new EBay lightly lately used and then also comparing and again, averaging that out with it's selling for seven hundred dollars on the web, but it's trading for items worth a thousand on our application. So we're gonna park that between fifty so how do you account though for people who have items that are of different value? I wanna trade my tennis shoes for an iphone or something like that. I mean, how does that work? It's just up to the to the people who are trading to make the value judgments. Maybe don't really care if there's a huge difference in value between two items. So that's literally leaning directly towards the concepts that we're getting out with changing how people understand value right now, you see value as how it could sell on a retail market. If you had an item, let's say one of the games, you guys shared with us, and it was opened or have been lightly used if someone was to list. It online that would be comparing itself with all the new games. Right. So you're literally competing against itself. An either a new format with whether it's directly through your or one of your distributors on the ability that that this program is platform. Swayed gives individuals is instead of just giving you a scale maybe the contender will go for fifty dollars on your site. And since it's lightly used in its open, I'm gonna sell for forty that gives ten dollar options. That's an increment of one dollar piece. That's like ten options for that user. Whereas they could they could actually trade the contender for limitless options on swayed. So it actually gives a user way more options to leverage that value into their trade much differently than just retail face value. Do the people have to be in the same country to trade with each other or can someone abroad trade with someone? That's let's say New York, we're actually launching locally here in New York. I and the reason why just because we want to make sure that it's the same line. And if there's any issues with shipping, we're local we can make sure that those deliveries get made personally after all of that shipping. Immigration is is put in seamlessly. We are going to be international. We'll be allowing people to ship things across the world. And in addition if there's one item that you want, and it's maybe twice the value of the item that that I'm looking for. I can combine multiple items on my profile, I can create a multiple items for your one item. But also, you know, again going back to the concept of trade, you might value my item way more than I do because it was a collector item. It's something that hasn't astounded value to me. It's something that my dad has is when I was a kid, and I couldn't find it on Amazon dot com. So there's a lot of different circumstances. A scenario where individuals would would genuinely value the other person's item more, even if the resale values very different. So have you launched swayed yet, we've not launched wait? We have an MVP and a beta version, which we're about to put on the market were shooting for April. First what it's gonna do is it it's a virtual version. So you'll be able to go around your house and upload items around your house, then virtually trade, and actually the cool thing about swayed is that it grabs that data again, the data from other people who are you? Application at in the retail value in it allows you to have an online calculator of the things that you have in your library. So as you upload items, you'll actually see your net value calculator on your actual profile fluctuate which will allow you to treat your items like an investment instead of having to upload it to site and actually just have cell bidding contrast their investment sites, which are really really good ideas are showing the validation in the millennial market for wanting to take more control of your finances. But if somebody was wanting to invest in let's say stash, or or e-trade, you'd have to have financial management knowledge, which a lot of people don't have and you'd have to either have that money. Now, a raised that money set aside, and it would be locked in an account, and you you might make you know, nine to twenty five percent based off of how the market did that day on that specific stock while this allows you to take all the things in your house and turn those into stocks and trade them based off of their value. So really is what it's doing is. It's creating kind of an insight ability for you to harness. This always do evaluate everything in house because everybody has. You know, five thousand ten thousand dollars worth of things in their apartment or house that they're able to tree we know everyone loves to barter. I mean, we see it all the time when we go to conventions. So I'm curious is there, I think one of the most important parts of bartering for consumers is being able to communicate. Do you have an ability for the platform for buyers or users to be able to communicate with each other where they can then lower or lower their price for a specific trait. Just to clarify, there's no pricing. So if I saw something, and I saw that I wanted that. I would offer you things based off of your interests that are on your profile, and then we could trade those items for other items, which is how we allow it to not have any transaction costs. But yes, there is an insight messaging ability to where you can message that person. And it's you know, it's doing credit. So it provides security for both users are you taking subscriptions now can people sign up for this yet. Yes. So obviously, our website is live. We are patent-pending in addition to that. So there's a lot of information on our website regarding development if you. Want to follow along? It's swayed dot com is SWAT. It's half the word..
"e trade" Discussed on 860AM The Answer
"What do you dress? When you look at legacy planning. Well, the hard part for. I mean, if somebody's take. The time and done the things that they do which is create that living trusts set up. Get all those legal documents almost no attorney does anything at all in terms of actually doing all the paperwork. So most of that will change your house title into the name of your trust. And that's it. So now, your IRA's all your Bank accounts, your investment accounts. But soon as they do it wrong in the worst case. I just saw I had a client that actually went to somebody who helps people supposedly sleep. Well, he's got a radio show. He's mostly an attorney. And what they did is they they put the first beneficiary is the trust. And the second beneficiary as children. Trust doesn't die. So there was no point having his second Fisher. And the worst part is this is an IRA which was supposed to go to the husband. And so and they're the ones who opened the account the legal office. So it was kind of crazy. So yeah, you what you wanna do is typically for IRA assets. There's a lot of tax benefits if you're going to name a beneficiary, those ones usually you want that actual people. So your your spouse than your children, if they're grown NAFTA under eighteen you might want to have a trust and something else because she needs somebody to run the money for them. But usually once they're grown usually want them to be the tax wise. You want them to be the direct beneficiaries now for your other assets? No, they need to be in that trust and lots of times you will have the trust and trust is like a funnel. But if nothing's going in the funnel nothing goes through it. And so it's useless talking unless you actually have stuff in it. And so probably the biggest one that people screw up on the employee stock purchase plan. Those can be in. Just a of lots of companies around here. Use E trade e-trade has no problem putting a trust. But they typically won't let you put a joint account, which is funny, but the trust is a joint account. So they'll let you put it in there. But they won't let you put it enjoyed. So really what you'll do is put the make sure you get that in the right name and have all these of the right spots. I mean my own aunt when my uncle died. They worked both works for GE after he passed away. They were going through his his desk drawers, and they found over one hundred grand of g stock certificates the old paper kind and sitting in a file folder, and they weren't in their family trusts. They were the most of them actually had his his brother is co owner who died ten years earlier. And so it took us about ten months of legal proceedings to get that all in her name, just as she turn around and sell it. And luckily, she sold out what she did is g was going down. Then and got even worse. So yeah, that's the hard part is. If you don't have these little things they've been married for twenty five years. So again, it all comes down to planning. So you got to create that blueprint worry, less wealth. So you worry less about your retirement more about having fun and enjoying life do on create that income plan than vestment plan taxes healthcare legacy planning all wrapped into one all customized to, you know, cost obligation. I meeting with us we go over what's going on in your situation. Then the next meeting we actually show you this plan, and it's up to you. If you want to work with us or not so again, just give us a call eight hundred four five four eleven eighty four eight hundred four or five four eleven eighty four or go online to wealth, creator radio dot com against wealth, creator radio dot com..
"e trade" Discussed on News Radio 690 KTSM
"And day difference. You need to be an investor. You need to understand what the markets can do for you over time not overnight. This guy in particular, wiping out his client doing the right thing for years and all of a sudden, oh boy. I can all of a sudden do better. Don't don't I explained the story here on the program. The nineteen nineties gives me nightmares. Does. Like, wow, oh markers are going through the roof. Everything's going up. Yeah. I was problem. Everybody was guru. Everybody was just smarter. Everybody was smarter than I was right. I was people making fun of me. I'm doing interviews onerous before I had my own radio show. I'm doing guest appearance. I'm being made fun of on a regular basis. Midtown Manhattan, a huge E Trade Center. I'd walk by that thing. And I was like there is a casino and midtown Manhattan right now people going in during their lunch break trading. If they did. So well where that e Trade Center now. They're all gone. We're.