Narcissist detector wrote:
la gente está muy loca wrote:A big drop in the index and our ursine fiend will emerge from his cave of silence.
He'll be back before then. It's killing him to be reading this stuff and not offering his "insight". He loves to hear himself talk.
Nailed it!
So how many dow points at the worst point today? I'd guess 725.
but bonds are up, so that will mitigate the sting, in diversified portfolios.
Maybe some of you guys actually know something.
I hold a mutual fund with C Schwab that has a market value of @ $101k per the website.
Yet if I set up a sale of this fund, it estimated I will get @ $95k.
Huh?
Isn't the market value of an asset supposed to be the price you would get for it on the market?
la gente está muy loca wrote:
It's alive !!!
Dr Brexitstein and assistants ( Boris J )
https://pbs.twimg.com/media/ClqVuTIUYAA41Ee.jpg
nicely done
Need Help again wrote:
Maybe some of you guys actually know something.
I hold a mutual fund with C Schwab that has a market value of @ $101k per the website.
Yet if I set up a sale of this fund, it estimated I will get @ $95k.
Huh?
Isn't the market value of an asset supposed to be the price you would get for it on the market?
why do you think you'll get only 95k?
normally you multiply your share count and the daily price of the fund. The result is what you get back. There are some classes of mutual funds that charge a fee when you sell...maybe that's what you have.
agip wrote:
Need Help again wrote:Maybe some of you guys actually know something.
I hold a mutual fund with C Schwab that has a market value of @ $101k per the website.
Yet if I set up a sale of this fund, it estimated I will get @ $95k.
Huh?
Isn't the market value of an asset supposed to be the price you would get for it on the market?
why do you think you'll get only 95k?
normally you multiply your share count and the daily price of the fund. The result is what you get back. There are some classes of mutual funds that charge a fee when you sell...maybe that's what you have.
Nope. This is an ETF with no sales charges. I think I will get @ $95k because when I lined up the trade that's what I was told.
Does anyone actually know anything about this stuff?
Need Help again wrote:
agip wrote:why do you think you'll get only 95k?
normally you multiply your share count and the daily price of the fund. The result is what you get back. There are some classes of mutual funds that charge a fee when you sell...maybe that's what you have.
Nope. This is an ETF with no sales charges. I think I will get @ $95k because when I lined up the trade that's what I was told.
Does anyone actually know anything about this stuff?
yes, I know a lot about it. It's what I do.
100 shares of exchage traded fund @ $50 per share...you should get $5000. minus any commissions.
Schwab will answer your questions tho if you don't want to give out details here.
Remember, up is down, down is up, good is bad, bad is good, forward is backward, and backward is forward.
There will be a short-term dislocation due to this event, and SOME traders (gamblers) will make a killing.
Do any of you remember what I said before this year started? I said that the money this year would be made in currencies, with political events being the pivots. I will copy the post if you wish.
Thank-you voters, and thank-you reactionaries.
As for equities, don't worry, central banks will have your back.
I might actually buy this dip if it's deep enough in certain areas...which it won't be.
hard to freak out too much about this 3% drop in the uS...we had been at the upper end of a roughly 2 year trading range...now we're at the lower end.
europe a little worse but not hugely
fact is, we had a rally over last few months and now that rally has been taken back.
Yeah agip, it's not freak-out territory unless you bet the wrong way.
I have some euro interests (not in the UK), and this is pretty much a non-issue.
Stabilization is already in effect.
S&P down 2.6% but US$ is up 1.7% against all other currencies. So basically the S&P currently has a net drop of about 1%.
I bet by the end of the day, we'll be at around +-0.
Brexit isn't bad news for the US. The US will draw a free trade agreement with the UK in no time and have it signed faster than the EU/USA Free trade agreement (TTIP),
The UK has always been closer to the US than to the EU.
Dow crusing at around 17,560
SO FAR this is essentially a non-event in the USA.
The only real question is if the US markets will end the day in positive territory.
econ:
durable goods orders: +3.2% y/y
consumer sentiment at near 3 year highs.
so there's that
try that on for size, UK.
agip wrote:
Need Help again wrote:why do you think you'll get only 95k?
normally you multiply your share count and the daily price of the fund. The result is what you get back. There are some classes of mutual funds that charge a fee when you sell...maybe that's what you have.
Nope. This is an ETF with no sales charges. I think I will get @ $95k because when I lined up the trade that's what I was told.
Does anyone actually know anything about this stuff?
yes, I know a lot about it. It's what I do.
Given this is what you do it is scary you cannot answer the question
Kinda Sketchy wrote:
agip wrote:Nope. This is an ETF with no sales charges. I think I will get @ $95k because when I lined up the trade that's what I was told.
Does anyone actually know anything about this stuff?
yes, I know a lot about it. It's what I do.
Given this is what you do it is scary you cannot answer the question
the poster has given us a strange set of facts that don't make any sense...if I had a statement I'm sure I could sort out what the devil he or she is talking about.
I'm hoping he/she calls Schwab and they help. I suspect a misunderstanding on his part. Or it is not a regular ETF - perhaps it has a gigantic buy/sell spread.
Good stocks are hardly down at all.
Costco is down 20 cents! Oooooh 20 cents. what a drop.
Non-event. Congrats to the dip buyers.
called it last night wrote:
Good stocks are hardly down at all.
Costco is down 20 cents! Oooooh 20 cents. what a drop.
Non-event. Congrats to the dip buyers.
Ummm...ummm...don't even know what to say about something so vacuous.
agip wrote:
the poster has given us a strange set of facts that don't make any sense...if I had a statement I'm sure I could sort out what the devil he or she is talking about.
It's pretty simple, really. I went onto the Schwab site early this AM, checked the MV of this ETF (and yes, it is quite regular), it was @ 101k as I recall, then tried to sell it -- at which point the site indicated the probable sale price was @ 95k.
I'm hoping he/she calls Schwab and they help. I suspect a misunderstanding on his part. Or it is not a regular ETF - perhaps it has a gigantic buy/sell spread.
.
Kind of scary that you work in this field and have no clue at all about this. I suspect the higher value was the MV when the NYSE closed yesterday and the sales price reflected what happened after that time. But I dunno for sure and honestly thought one of the many experts on this thread might actually know something.
What kind of legit market where prices are supposed to reflect the value of stocks reacts to a future exit of Britain from the EU by tanking?
This market is all speculation. Nothing more.
