wall street – Radar 2014 http://radar2014.org/ Sun, 20 Mar 2022 22:33:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://radar2014.org/wp-content/uploads/2021/10/icon-32-120x120.png wall street – Radar 2014 http://radar2014.org/ 32 32 Twitter birds of a feather, trade shares together https://radar2014.org/2022/03/18/twitter-birds-of-a-feather-trade-shares-together/ Fri, 18 Mar 2022 19:03:52 +0000 https://radar2014.org/2022/03/18/twitter-birds-of-a-feather-trade-shares-together/ In today’s data-driven communication era, people tend to exchange more noise. This proposition, better known as Priestley’s paradox, is also indicative of the fact that evidence is ignored in the face of a good story. Political campaigns win more on marketing teams that tell stories that showcase personality, rather than the content of the […]]]>

In today’s data-driven communication era, people tend to exchange more noise. This proposition, better known as Priestley’s paradox, is also indicative of the fact that evidence is ignored in the face of a good story. Political campaigns win more on marketing teams that tell stories that showcase personality, rather than the content of the person’s manifesto. This typical public response is interestingly presented in a space where numbers are usually meant to triumph over narrative and sentiment. Human beings tend to fall back into old habits, and markets are no exception.

Markets are simply where buyers and sellers haggle to find a price, whether in Pettah or Wall Street. This price discovery is arguably the most important part of the interaction, as participants can now articulate in monetary terms: what things are worth to them. Assessments should be based on objective research and well-founded assumptions in the forecasts. As researchers develop skills in various methods of technical and fundamental analysis, the agent or broker on the sell side uses them to persuade a trade. Market participants are then free to negotiate.

Recently, with social media, this communication is filtered by an “authority” personality or group rather than a research report, adding noise and blurring sound investment decisions.

This phenomenon is by no means unique to our local markets. At the end of January 2021, the value of Bitcoin increased by more than 20% to reach $38,566 after Elon Musk changed the bio of his personal Twitter account to #bitcoin. This increase was based on the sole speculation that the billionaire had bought more cryptocurrency, sparking a buying frenzy that drove the value of the asset higher. Similarly, r/WallStreetBets, a popular message channel on social media apps reddit and discord, had users rallying around a dying stock company. Gamestop, a video game retail company that had many years of poor performance, saw its value rise to over $24 billion from just $2 billion within days, only to crash afterward.

Sri Lanka has also seen similar action on social media following the surge in stock market interest after COVID-19-related shutdowns and working from home. A cohort of new retail investors, eager to win big, may have turned prematurely to Twitter and WhatsApp groups; continue on the small wins over the bigger losses that continue to be described as those that “can be won back”. This is where the problem lies. Just as a democracy would flourish with a well-educated electorate, a market works best when its participants are informed and understand the risk, instead of rolling the dice on equity investments.

In order to gain some market exposure with limited trading knowledge or resources to track, monitor, and optimize a portfolio, there are several forums organized by the SEC and CSE. Online investing courses are very popular and affordable to entice anyone willing and able to invest; while mutual funds, locally called Unit Trusts, exist for busier people.

Making an informed decision is key to navigating a market and avoiding losses. What most participants don’t realize is something the Securities and Exchange Commission, to their credit, is pretty clear about: past performance is not indicative of future returns. Therefore, even the winners of a bull market may not withstand the heat of the downside, only to see the next one.

One cannot simply criticize Musk, the WallStreetBets subreddit, and any other market guru with their elaborate claims. An individual, social media group or research house for that matter acting in their best interests – given access to information, level of authority or advice they give – cannot even necessarily be held by a regulator for committing a breach of the market. Market participants are ultimately responsible for the transactions they make with their capital. All ratings have a margin of error because no one has a crystal ball to see for sure what the future holds.



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LIVE MARKETS Reddit’s WSB founder seeks to emulate Pelosi’s trading strategies via new portfolio https://radar2014.org/2022/03/08/live-markets-reddits-wsb-founder-seeks-to-emulate-pelosis-trading-strategies-via-new-portfolio/ Tue, 08 Mar 2022 16:11:00 +0000 https://radar2014.org/2022/03/08/live-markets-reddits-wsb-founder-seeks-to-emulate-pelosis-trading-strategies-via-new-portfolio/ Most major indexes turn red, but bounce off session lows Consumer Staples Worst Performer in S&P Sector, Energy Jumps The Euro STOXX 600 index slides ~0.3% Dollar slips; gold, bitcoin gain; raw jumps The 10-year US Treasury yield rises to ~1.85% March 8 – Welcome home to real-time market coverage from Reuters reporters. You can […]]]>
  • Most major indexes turn red, but bounce off session lows
  • Consumer Staples Worst Performer in S&P Sector, Energy Jumps
  • The Euro STOXX 600 index slides ~0.3%
  • Dollar slips; gold, bitcoin gain; raw jumps
  • The 10-year US Treasury yield rises to ~1.85%

March 8 – Welcome home to real-time market coverage from Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

REDDIT’S WSB FOUNDER SEEKS TO IMITATE PELOSI’S TRADING STRATEGIES VIA NEW WALLET (1052 EST / 1552 GMT)

The founder of Reddit’s wallstreetbets forum, Jaime Rogozinski, on Tuesday announced the approval of the listing of the “insider wallet” on the Seychelles MERJ Exchange, a fund that tracks the trading strategies of members of the US Congress, including the US House Speaker Nancy Pelosi.

Join now for FREE unlimited access to Reuters.com

The portfolio will be regularly rebalanced to reflect Pelosi’s trading strategies based on its public disclosures, as tracked by unusualwhales.com, a service selling financial data.

Pelosi’s stock market performance ranked sixth in 2021 in Congress, with Republican Congressman Austin Scott leading, according to an analysis by unusualwhales.com.

Discussion of Pelosi’s trades is a recurring theme on social media, including wallstreetbets, where retail investors banded together a year ago to coordinate the frenzied buying of video game retailer GameStop (GME.N) and other companies, which eventually became known as meme stocks. Read more

Pelosi and other US lawmakers have come under scrutiny on social media as many users believe the US Speaker of the House may have an edge on Wall Street.

In her latest periodic transaction report, the senior Democrat revealed that her husband, financier Paul Pelosi, exercised call options on January 21 to buy shares of Apple (AAPL.O), Walt Disney (DIS. N) and PayPal Holdings (PYPL.O) for a combined $2.9 million, based on option strike prices. Read more

However, tracking legislative portfolio changes may not be so straightforward.

While the law requires lawmakers to disclose stock trades by themselves or their family members within 45 days, reports are typically filed within days of actual purchases and sales, making it potentially difficult for traders aimed at mimicking the specific transactions of lawmakers.

(Medha Singh)

******

TRADE BALANCE, NFIB, CONSUMER CREDIT: DEMAND/INFLATION TANGO (1030 EST/1530 GMT)

Data released Tuesday — and Monday evening — tells market watchers what they already knew: Demand is robust, circling around a slowly recovering supply chain.

The gap between the value of goods and services imported into the United States and those of domestic origin exported abroad (USTBAL = ECI) widened more than expected in January to $89.7 billion, the largest deficit ever recorded. Read more

The Commerce Department’s reading was $2.6 billion above consensus forecast and was driven by surging imports as demand in the United States continued to outpace the rest of the world, a situation that could be bad news. bodes well for economic growth in the first quarter.

“Net exports have weighed on GDP over the past six quarters and early data suggests another negative contribution in the first quarter,” writes Rubeela Farooqi, chief U.S. economist at High Frequency Economics, adding that “in Overall, trade flows are at historic highs despite supply chain disruptions and logistical challenges.”

“The deficit is poised to remain high for now due to continued strong import demand,” Farooqi said.

The closely watched merchandise trade deficit with China remained stable at $36.4 billion.

Trade balance

In a separate report, small business owners got grumpier in February, according to the National Federation of Independent Businesses (NFIB). Read more

The NFIB’s trade optimism index (USOPIN=ECI) fell 1.4 points to land at 95.7, the sourest reading since January 2021, weighed down by inflation fears.

“Inflation continues to be an issue on Main Street, leading more homeowners to raise selling prices again in February,” said NFIB chief economist Bill Dunkelberg.

The percentage of respondents identifying high inflation as their biggest problem hit a 42-year high, and the net percentage of participants raising average selling prices hit a 48-year high.

But it’s not all bad news, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics.

“Investment intentions are down two points but are holding up well and are consistent with the view that business fixed investment will grow at a double-digit pace over the next year,” he wrote.

It should be noted that the NFIB is a politically active membership organization, and the index was last lower the month President Joe Biden was sworn in.

NFIB

Finally, in older news, on Monday afternoon, the Federal Reserve released its Consumer Credit Outstanding (USCRED=ECI) data, which rose $6.84 billion, marking an unexpected deceleration. and missing estimates of a country mile.

Economists expected total consumer credit debt to accelerate by $23.8 billion in January.

Total consumer credit outstanding currently stands at approximately $4.4 trillion.

An increase in non-revolving credit, which includes large items such as automobiles and tuition fees, did the heavy lifting, as revolving credit, or credit card debt, remained essentially unchanged.

This goes a bit against the trend; credit card spending has long since surpassed pre-pandemic levels, while non-revolving credit, a smaller slice of the total pie, has yet to recoup the ground lost to COVID.

It pays to remember that outstanding credit is not the same as consumer spending. A high savings rate has left the average consumer with plush piggy banks and fat wallets.

Outstanding consumer credit

After a green start, Wall Street turned around in morning trade, extending Monday’s selloff, which confirmed a correction for the Dow and a bear market for the Nasdaq.

Crude prices continued to climb, taking energy stocks (.SPNY) with them.

(Stephen Culp)

*****

NASDAQ 100 FUTURES: FIGHTING TO HOLD THE FEBRUARY LOW (0900 EST/1400 GMT)

The CME e-mini Nasdaq 100 futures have been beaten pretty hard over the past three trading days. In fact, they ended Monday at their lowest level since mid-May 2021, sending them down 19.6% from their November 19 closing record.

It should be noted that the Nasdaq Composite (.IXIC) ended Monday down 20.1% from its record close on November 19, officially putting it in bearish territory.

The overnight action saw the futures fall as low as 13,103.25, before falling back. With this reversal, futures have yet to breach their February 24 intraday low at 13,025.75:

NQcv103082022

Meanwhile, the daily RSI, at just over 30.00, is trying to stabilize above its February 23rd low at 27.90. If so, this momentum indicator will have the potential to establish a second higher low from its late January low of 17.533.

Such a convergence could signal the building of positive momentum and, therefore, the potential for a surprise reversal to the upside.

In this case, however, the futures should still face strong resistance in the form of the descending 30-day moving average (DMA) which has been consistently plateauing since the beginning to mid-January.

Additionally, since late November, the RSI has exhibited bearish behavior as it was unable to muster enough strength to reclaim the 70.00 overbought threshold.

So regardless of strength, traders will be watching future action closely against the 30-DMA, as well as the RSI, to build confidence in the sustainability of any rebound. Read more

On a break of 13,025, next support is at the mid-May low of 12,896. This is just ahead of the 38.2% Fibonacci retracement of the entire March-2020/November advance. 2021 at 12,873.57.

(Terence Gabriel)

*****

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Terence Gabriel is a market analyst at Reuters. Opinions expressed are his own.

Our standards: The Thomson Reuters Trust Principles.

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Chinese investors spark frenzy for ‘Sino-Russian trade’ stocks https://radar2014.org/2022/03/04/chinese-investors-spark-frenzy-for-sino-russian-trade-stocks/ Fri, 04 Mar 2022 06:47:24 +0000 https://radar2014.org/2022/03/04/chinese-investors-spark-frenzy-for-sino-russian-trade-stocks/ Amateur investors in China are driving a rally in so-called ‘Sino-Russian trade concept stocks’ as they bet Beijing will boost trade with Russia to soften the blow from sanctions, pushing little-known logistics companies to bids. valuations typically reserved for global technology groups. More than a dozen Chinese stocks in trade-related industries have posted meteoric gains […]]]>

Amateur investors in China are driving a rally in so-called ‘Sino-Russian trade concept stocks’ as they bet Beijing will boost trade with Russia to soften the blow from sanctions, pushing little-known logistics companies to bids. valuations typically reserved for global technology groups.

More than a dozen Chinese stocks in trade-related industries have posted meteoric gains since Vladimir Putin launched his invasion of Ukraine, with some rising by as much as 10% for six straight days.

“The premise is that all of these would be massive winners due to increased trading,” said the head of Asian equity strategy at a European bank, describing the rally as a “frenzy” fueled by speculation in stocks. retail investors.

Among the best performers is Jinzhou Port, a port operator in the northeast Liaoning Province, whose shares have risen 80% since the start of the invasion, against a 3.5% decline. % for China’s benchmark CSI 300 index.

The port of Jinzhou issued the latest in a series of investor warnings to the Shanghai Stock Exchange on Wednesday, reiterating that there had been no significant developments in its business and reminding investors that its profits had fallen by nearly 10% from a year ago in the third quarter.

It also warned that its price-to-earnings ratio, a common measure of valuation, was “much higher than average” for its listed peers.

Nevertheless, shares of the company again posted the maximum allowable gain of 10% on Thursday and Friday. This pushed its PE ratio to around 59, overtaking Netflix (34) and closing in on Amazon (63).

The gains from this handful of stocks come despite Beijing’s reluctance to offer financial and economic relief to Moscow, after Western-imposed sanctions dealt a heavy blow to Russia’s economy and cut off many of its most major financial institutions in the rest of the world. China has also suggested it is ready to play a role in seeking a ceasefire.

But in the months leading up to the invasion, the national media was steeped in pro-Russian rhetoric, emphasizing what Chinese officials called a “limitless” partnership.

The two countries pledged to boost bilateral trade to $250 billion a year as Putin traveled to Beijing for the Winter Olympics in February. The Russian president also unveiled new oil and gas deals with China worth nearly $120 billion.

Traders have also latched onto announcements suggesting official support for Moscow, such as a recent statement by Chinese customs ending restrictions on Russian wheat imports. Financial news sites pointed to the move as helping to spur demand for issuers now commonly referred to as “Chinese-Russian trading concept stocks”.

Analysts said a substantial increase in two-way trade was unlikely to seriously boost returns for most of the targeted companies, including the port of Jinzhou.

“It’s mostly an inland port,” said Darin Friedrichs, co-founder of agricultural research group Sitonia Consulting. “The fact that it is geographically close to Russia is irrelevant.”

The Asian equity strategist noted that even if trade with Russia doubled, it would only represent around 4% of China’s annual total. Even then, he added, “many of these companies are solely engaged in inland transportation.”

“Such frantic exchanges without any strong fundamental support always end in pain,” he said.

Not covered — Markets, finance and strong opinion

Robert Armstrong dissects the most important market trends and explains how the best minds on Wall Street are reacting to them. Sign up here to receive the newsletter straight to your inbox every weekday

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Year of the Tiger Broker: Now Australians can trade stocks and options 24/7, cheaper, faster and more accurately https://radar2014.org/2022/02/28/year-of-the-tiger-broker-now-australians-can-trade-stocks-and-options-24-7-cheaper-faster-and-more-accurately/ Mon, 28 Feb 2022 18:15:40 +0000 https://radar2014.org/2022/02/28/year-of-the-tiger-broker-now-australians-can-trade-stocks-and-options-24-7-cheaper-faster-and-more-accurately/ Tiger Trade Australia, Australia’s newest mobile stock trading platform, is about to go live – and it’s well positioned to undercut rivals in price and technology capabilities. Nasdaq-listed Tiger Brokers Group officially enters the Australian retail equity market this week with the launch of its proprietary Tiger Trade trading app, offering zero brokerage on US […]]]>

Tiger Trade Australia, Australia’s newest mobile stock trading platform, is about to go live – and it’s well positioned to undercut rivals in price and technology capabilities.

Nasdaq-listed Tiger Brokers Group officially enters the Australian retail equity market this week with the launch of its proprietary Tiger Trade trading app, offering zero brokerage on US and ASX stocks for 3 months.*

Welcome gifts such as free Apple shares and stock vouchers are also used to entice information users in an increasingly crowded marketplace.**

Tiger Brokers Australia is led by UP Fintech, headquartered in Singapore, NASDAQ-listed Tiger Brokers (TIGR), with a market capitalization of US$750 million and approximately 9 million users worldwide.

Tiger Australia will offer Australian investors the ability to trade on the ASX, Wall Street, US, Hong Kong stocks and ETFs, as well as US options at Tiger Trade.

By opening up access to a wider global market with more advanced tools and order types, the tech-driven retail broker is set to grow rapidly in Australia.

Chief Strategy Officer Michael McCarthy said Stockhead Tiger Brokers was looking to replicate its successful launch in Singapore two years ago.

“At one point we were the fastest growing brokerage platform in Singapore and the adoption there suggests that the kind of features we are bringing to Australia are likely to be well received,” said he declared.

Advantage in technology

McCarthy said Tiger Brokers technology provides an undeniable competitive advantage.

“Tiger Technology is where we have real strength that provides a stable and reliable environment for trading, but a huge upside for active investors,” he said.

Many online brokers in Australia are still using technology developed up to two decades ago and the reason for this is that they are large institutions tied to their legacy IT systems.

“We have a very strong team of developers and our technology is our secret weapon – so just like we look at Web3 – we look at Fintech3.”

Latest technology renewed, refreshed fortnightly

“But we’ve learned that you need to constantly update your technology and our app is updated every two weeks to cater to our customers and what they are looking to do with their portfolios and in the market.”

He said their technology philosophy revolves around meeting customers’ needs and what they want to do with their wallets and in their market.

“It’s not just about fixing bugs, which of course is a big part of reliability and stability,” he said.

Trade US stocks throughout the US trading day

Tiger Trade offers extended trading hours, which include pre- and after-hours sessions for US stocks, helping investors seize every opportunity.

“Right now, we’re going through quarterly reporting season in the US and often see companies posting after-market reports and their stock prices can move significantly at this post-market stage,” McCarthy said.

“Many local brokers cannot offer participation in this aftermarket trade, so this is a practical example of our technology advantage.”

Another advantage of Tiger Trade is being able to trade the US options market in real time, while providing real-time data so investors can make informed decisions.

Analysis and education

McCarthy said Tiger Brokers is focused on educating and informing clients about their investment journey.

Fundamental analysis of individual companies, including the company’s cash position, operating capacity and balance sheet strength, is intended to help investors better understand the companies they are considering buying.

Financial information and ratios, along with Level 2 market data, show order depth, including quantities at each individual bid and ask to help investors stay on top of the market.

And if investors aren’t ready to take the plunge, McCarthy said Tiger Trade has demo accounts, where investors can practice their investing skills and test out their strategies.

“We consider educational material to be just as important as the technical and fundamental analysis we provide,” he said.

“That ability to scale as an investor and be more successful, we think is so important, especially for newcomers to the market.”

Share your investor experience

Tiger Trade also offers a community forum, which has been very popular in international markets for investors to share experience, discuss markets and trades.

“Because we have a great mix of investors on our platform, from those who just started trading in the last 12 months to those who trade with institutions like hedge funds, conversations within our community area can be quite sophisticated and a good source of market information,” he said.

“Forum engagement is also a product of our technology, with almost every brokerage platform having a comment section, but active market discussions are much less common.

“Allowing users to rate, recommend, or share an idea seems like a small feature, but it’s the difference between a useful community forum and one that may not be.”

Not affected by competition

McCarthy said he was not concerned about growing competition in Australia’s online brokerage industry and the company was just focusing on its own racing.

“There has been a lot of attention and headlines about new entrants to the Australian market, but a lot of the trading volume is still handled by older brokers like Commsec and CMC Markets,” McCarthy said.

He said that because Australia is a stable trading environment and its economy is globally attractive, Tiger Brokers sees potential for other new entrants to enter the Australian market.

“These are very different offerings in many ways. One of the benefits is that consumers have more choice, but given the advantage of our technology, we believe the answer for many local investors will be Tiger Brokers and Tiger Trade.

Retail Investor Growth

McCarthy said the stock market’s popularity among retail investors continues to grow and the company is focused on opening the market to everyone.

“Whether you’re retired and trading your self-managed super fund holdings or just starting your investment journey, our platform can offer something for investors at all levels,” he said.

McCarthy said there’s no doubt that one of the big equity market trends over the past few decades has been the growing participation of retail investors directly in the market.

“It’s a long-term trend that’s going nowhere and has accelerated in the past two years since the COVID-19 pandemic,” he said.

Tiger Brokers particularly targets young investors, who are beginning their investment journey.

“We have a whole new cohort of young traders between the ages of 18 and 35 who we know we can add real value to – by providing easy access to the markets with the right, incredibly useful tool at Tiger Trade,” said McCarthy.

Learn more about Tiger Brokers here.

* Transfer fees apply, ** Subject to promotion deposit minimums.

This article was developed in conjunction with Tiger Brokers, a Stockhead advertiser at the time of publication.
This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.

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This 27-year-old former stockbroker earns $650,000 a year in Los Angeles and is on her way to $1 million – Stockxpo https://radar2014.org/2022/02/28/this-27-year-old-former-stockbroker-earns-650000-a-year-in-los-angeles-and-is-on-her-way-to-1-million-stockxpo/ Mon, 28 Feb 2022 17:52:54 +0000 https://radar2014.org/2022/02/28/this-27-year-old-former-stockbroker-earns-650000-a-year-in-los-angeles-and-is-on-her-way-to-1-million-stockxpo/ This story is part of CNBC Make It’s Millennial Silver series, which details how people around the world earn, spend and save their money. When Lauren Simmons introduces herself to new people, she usually says she works in finance. But in reality, the 27-year-old is an author, producer, podcast and TV host, angel investor and […]]]>

This story is part of CNBC Make It’s Millennial Silver series, which details how people around the world earn, spend and save their money.

When Lauren Simmons introduces herself to new people, she usually says she works in finance.

But in reality, the 27-year-old is an author, producer, podcast and TV host, angel investor and board member of several financial companies.

It’s a lot for one person, but Simmons is used to taking control of his career. She has already made history several times: in 2017, at the age of 22, Simmons became the youngest full time trader on Wall Street, and the second African-American businesswoman in the 229-year history of the New York Stock Exchange.

But while at the NYSE, Simmons learned she was only paid $12,000 while her male colleagues with the same job and qualifications earned over $120,000. From then on, she pledged never to earn less than $120,000 a year.

Lauren Simmons, 27, is a finance expert on track to earn $1 million this year.

Tristan Pelletier | CNBC do it

Simmons left the trading floor in 2018 and formed an LLC to manage all of his projects.

Over the past few years, she’s done deals on a book, a movie, a TV show, and two podcasts. Her most consistent income comes from speaking engagements (she averages two a month) and she can earn up to six figures on brand deals.

No two days are alike. Simmons works long hours and weekends, taking meetings from 3 a.m. until 11 p.m. because she works with people from all over the world. Her most recent project is hosting work with the streaming series “Going Public,” which involves filming the series herself and traveling to promote it.

In 2021, Simmons moved to Los Angeles and earned $650,000. In 2022, she is on track to earn $1 million.

Extreme savings

Simmons grew up in Marietta, Georgia with her mother, twin brother, and younger sister. She credits her mother’s strict budgeting for how she learned to save 85% of income, which she started doing when she was earning just $12,000 in New York City. It was barely enough to pay for transportation while she lived with her family in neighboring New Jersey, and she didn’t spend money on going out.

In 2017, at the age of 22, Lauren Simmons became the youngest full-time female trader on Wall Street and the second African-American female trader in the history of the New York Stock Exchange.

Courtesy of Lauren Simmons

Simmons admits her savings strategy today isn’t the most traditional, but it works for her.

She sends all of her earnings to a savings account and, for the most part, does not touch it. She also waits as long as possible to deposit her winnings. Simmons did a few speaking deals in January, but her business manager will hold the checks until they expire, so she won’t see that income until March.

“I like my money out of sight, out of my mind so I don’t spend it,” she says.

She sometimes transfers money to a separate checking account, which she keeps at $2,000 for daily expenses. She will give herself a little extra for birthdays and holidays, but never allows herself to spend more than 15% of her earnings each month.

No two days are alike for Lauren Simmons, who takes meetings from 3 a.m. until 11 p.m. She also travels a lot for work.

Tristan Pelletier | CNBC do it

Although she’s made a name for herself in the financial world, Simmons doesn’t always feel like an expert. She only started investing in the stock market during the pandemic downturn of 2020. She keeps her emergency fund, savings, and retirement money in one bank account. And she shamelessly splurges on Bath & Body Works candles: “Whenever they have a sale, I’m there.”

As for managing your own money, “I think there are days when I’m decent,” Simmons says, but “I know there’s a lot to learn each time I get to a different phase. of my life.”

How she spends her money

Here’s a look at how Simmons typically spends his money, as of January 2022.

Elham Ataeiazar | CNBC do it

  • To rent: $3,850, paid for one year in advance and includes Wi-Fi, water and parking
  • Transport: $195 for car insurance and about $20 to bill her Tesla, which she leases under her LLC
  • Pet: $200 for dog food and grooming
  • Discretionary: $182 includes shopping, entertainment and household items
  • Food: $165 on groceries and restaurants
  • Health insurance: $100, paid for one year in advance
  • Utilities: $43 for heat and electricity
  • Subscriptions: $24 for the Hay House meditation app, Hulu and The New York Times

Simmons’ income fluctuates wildly from $12,000 to $150,000 a month, so she plans big expenses ahead of time. She prepaid a year’s worth of her rent when she moved in, for example. She pays for health insurance one year at a time and car insurance for six months at a time.

Another big constant in his budget is his 7-year-old Maltese, Kasper. She spends about $200 on him every month between grooming and pet food. “He leads a very luxurious life,” Simmons says.

Otherwise, Simmons keeps his budget pretty lean. In January, she spent $182 on shopping and entertainment, $165 on food (mostly groceries from Whole Foods) and $24 on a few subscriptions. She shares streaming service connections with her family and contributes Hulu to the pot.

Given her busy schedule, making time for health and wellness is non-negotiable. Simmons prefers hiking, yoga, and exercising outdoors — it’s a big reason she moved to Los Angeles. She meditates every morning, from 15 minutes to two hours, to stay grounded and focused.

Given her busy schedule, Lauren Simmons roots herself in daily meditation.

Tristan Pelletier | CNBC do it

Simmons thinks self-care doesn’t have to be expensive. “I don’t want to become this person who spends thousands of dollars on wellness because I think you can do it for free at home,” she says.

That said, she’s splurging on herself “once in a blue moon”: she recently treated herself and her mother to a seven-day trip to a wellness retreat as a gift.

Become a millionaire

This year, Simmons expects to earn $1 million from brand deals, partnerships, speaking engagements and corporate returns.

But even for someone who likes to talk about money, it’s still awkward to say it out loud.

Simmons knows only too well that when young women succeed at work, “we don’t get the same accolades as our male counterparts.” But these reminders only make him want to talk about his accomplishments and pay even more.

Lauren Simmons makes her money through speaking engagements, brand partnerships, project deals, and most recently, a hosting gig with the streaming series “Going Public.”

Courtesy of Going Public

“That’s why we try to challenge societal norms and have these open dialogues and change people’s mindsets,” she says. She wants to eliminate the stereotype that “successful, high-earning young women brag about themselves.”

The million-dollar milestone also has great personal significance: “I was the first person in my family to graduate from college,” she says. “My family and I have come a long way, and I’m super grateful.”

Look forward

Simmons could not have predicted how much her life would change from the first day she stepped onto the NYSE floor. But she still has big plans ahead of her to negotiate new projects and invest in more startups.

Lauren Simmons wants to help democratize the world of business and finance, and invests in startups owned by women and minorities.

Tristan Pelletier | CNBC do it

Considering the turning points in her career so far, it is difficult for her to say what she expects in her life in the next five to ten years. But she hopes to have an investment property in Florida and maybe a home of her own elsewhere.

“Other than that, I have no idea, but I’m excited to watch this video five to 10 years from now and see where I’m at – maybe I’m running for president.”

What is your budget breakdown? Share your story with us for a chance to appear in an upcoming episode.

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Options Trading Strategies to Counter Market Volatility https://radar2014.org/2022/02/02/options-trading-strategies-to-counter-market-volatility/ Wed, 02 Feb 2022 22:30:17 +0000 https://radar2014.org/2022/02/02/options-trading-strategies-to-counter-market-volatility/ Fund manager Barry Martin uses high quality stocks and call options to give investors extra income. Martin told Insider he buys big revenue-generating companies and then sells covered calls on the same stocks. He says this gives his portfolio additional stability and investors respond as volatility rises. Investors often struggle to make the stock market […]]]>
  • Fund manager Barry Martin uses high quality stocks and call options to give investors extra income.
  • Martin told Insider he buys big revenue-generating companies and then sells covered calls on the same stocks.
  • He says this gives his portfolio additional stability and investors respond as volatility rises.

Investors often struggle to make the stock market


volatility

work in their favour. Barry Martin has learned how to make it profitable.

Martin’s fund at Shelton Capital uses a combination of stocks and options to capture incremental profits and minimize losses during market declines. According to Morningstar, it has generated annual returns of 11.3% over the past decade, beating nine out of 10 derivative income funds.

The approach is relatively simple, but it is thorough. Martin and his team buy stocks that they believe will provide stable returns in all weathers. To do this, they focus on investing in quality companies with strong free cash flow. But they add another step by selling calls on all the stocks they own.

“Where I really believe we add value is by selling covered calls,” he said. “As volatility increases, we receive more for selling those calls. So not only do I have quality names in a portfolio, but what we’re doing is generating more revenue by selling covered calls.”

In other words, he sells options that give the buyer the right to buy the stock within the next 45 to 60 days if its price appreciates or if the buyers think the price will rise.

Generally, these calls represent 10% out of the money, which means Martin can be a loser if the stock goes up 10% or more in that short time. And because of equity investments, it can also be burned by sharp price declines – which is why it focuses on quality stocks and household names, as these are generally safer investments. Its top holdings in the high-turnover portfolio include Microsoft, Apple, Meta Platforms and Amazon.

Despite this limitation, he says the call sell strategy offers an annual premium of 4% to 7%, which further enhances good times and makes tough times in the markets more tolerable. He says customers appreciate it as a safe and reliable way to create extra income.

“It reduces standard deviation and beta. It also generates yield,” he said of covered calls. “Now with the VIX in the mid 20’s approaching 30’s we are able to generate more to sell calls, and also to sell calls that are more out of the money giving more room to run for equity underlying.”

And Martin says investors are taking notice, with capital inflows increasing dramatically thanks to increased volatility and because Wall Street is convinced that interest rates are about to rise.

“People are looking for income alternatives and this fits right in with that,” he said. “If you look at a typical 60-40 portfolio, we’re starting to see clients taking 10% of the fixed income allocation and 10% of their equity exposure and moving them to a 50-30-20, where we would be the 20% slice.”

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STOCK TRADER WINS US INVESTMENT CHAMPIONSHIP FOR A SECOND TIME – BREAK A RECORD | https://radar2014.org/2022/01/24/stock-trader-wins-us-investment-championship-for-a-second-time-break-a-record/ Mon, 24 Jan 2022 17:13:00 +0000 https://radar2014.org/2022/01/24/stock-trader-wins-us-investment-championship-for-a-second-time-break-a-record/ LOS ANGELES, January 24, 2022 /PRNewswire/ –The United States Investing Championship has announced the winners of the 2021 competition, which involved 338 international traders. Winning the stock split over $1,000,000 with an annual return of +334.8% was Marc Minervini. Contest coordinator Zada standard called Minervini’s performance a “record shattering”. The previous record was +119.1%, set […]]]>

LOS ANGELES, January 24, 2022 /PRNewswire/ –The United States Investing Championship has announced the winners of the 2021 competition, which involved 338 international traders. Winning the stock split over $1,000,000 with an annual return of +334.8% was Marc Minervini. Contest coordinator Zada standard called Minervini’s performance a “record shattering”. The previous record was +119.1%, set by Georges Tkaczuk in 2020. Mr. Minervini also finished first in the 1997 US Investing Championship with an annual return of 155%.

Starting with just a few thousand dollars and an 8th grade education, Minervini became a self-made millionaire in his early 30s and later advised some of Wall Street’s mega-titans, including traders at Soros Management. He became a Wall Street trading star when his success with impressive performance and strict risk management in the 1990s was popularized by the well-known author Jack Schwager. In his coveted book, Stock Market Wizards: Interviews with America’s Top Stock Traders, Schwager wrote: “Minervini has walked around most doctors trying to design systems to beat the market.” Since then, Minervini has been considered one of America’s most successful stock traders and regarded among stock investors as a trading legend.

Minervini is the author of the best-selling books: Trade like a stock market wizard, think and trade like a champion, and the mindset secrets to winning. He is also the founder of Minervini Private Access and the creator of the popular Master Trader Program Superperformance Workshop, which is considered one of the most comprehensive and commercially successful stock trading seminars in the world.

you can follow Marc Minervini on Twitter at https://twitter.com/markminervini or learn more about www.minervini.com.

The United States Investing Championship is a real-money verified competition. The competition was first held in 1983. Over the years, the investment derby has attracted legendary traders including Paul TudorJones, Louis Bacon, dr. Edward O. Thorpe, Marc Strome, Marc Minervini, David Ryan, Doug Cass, Sheen Kassouf, Marty Schwartz, Frankie Joe, Tom Basso, Cedd Moses, Gil Blake, Robert Prechter, Jr., and Bruno Combier. The final ranking 2021 appears on the site financial-contests.com.

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STOCK TRADER WINS US INVESTMENT CHAMPIONSHIP FOR A SECOND TIME https://radar2014.org/2022/01/24/stock-trader-wins-us-investment-championship-for-a-second-time/ Mon, 24 Jan 2022 08:00:00 +0000 https://radar2014.org/2022/01/24/stock-trader-wins-us-investment-championship-for-a-second-time/ Norm Zada ​​called Minervini’s performance “a shattering record”. Tweet that Starting with just a few thousand dollars and an 8th grade education, Minervini became a self-made millionaire in his early 30s and later advised some of Wall Street’s mega-titans, including traders at Soros Management. He became a Wall Street trading star when his success with […]]]>

Starting with just a few thousand dollars and an 8th grade education, Minervini became a self-made millionaire in his early 30s and later advised some of Wall Street’s mega-titans, including traders at Soros Management. He became a Wall Street trading star when his success with impressive performance and strict risk management in the 1990s was popularized by the well-known author Jack Schwager. In his coveted book, Stock Market Wizards: Interviews with America’s Top Stock Traders, Schwager wrote: “Minervini has walked around most doctors trying to design systems to beat the market.” Since then, Minervini has been considered one of America’s most successful stock traders and regarded among stock investors as a trading legend.

Minervini is the author of the best-selling books: Trade like a stock market wizard, think and trade like a champion, and the mindset secrets to winning. He is also the founder of Minervini Private Access and the creator of the popular Master Trader Program Superperformance Workshopwhich is considered one of the most comprehensive and commercially successful stock trading seminars in the world.

you can follow Marc Minervini on Twitter at https://twitter.com/markminervini or learn more about www.minervini.com.

The United States Investing Championship is a real-money verified competition. The competition was first held in 1983. Over the years, the investment derby has attracted legendary traders including Paul TudorJones, Louis Bacondr. Edward O. Thorpe, Marc Strome, Marc Minervini, David Ryan, Doug CassSheen Kassouf, Marty Schwartz, Frankie Joe, Tom BassoCedd Moses, Gil Blake, Robert Prechter, Jr.and Bruno Combier. The final ranking 2021 appears on the site financial-contests.com.

SOURCE Minervini Private Access

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Should lawmakers be allowed to trade stocks? Joe Biden will leave the decision to Congress https://radar2014.org/2022/01/18/should-lawmakers-be-allowed-to-trade-stocks-joe-biden-will-leave-the-decision-to-congress/ Tue, 18 Jan 2022 19:13:32 +0000 https://radar2014.org/2022/01/18/should-lawmakers-be-allowed-to-trade-stocks-joe-biden-will-leave-the-decision-to-congress/ The White House said on Tuesday that President Joe Biden would leave the debate over stock trading to congressional lawmakers, some of whom have proposed legislation banning such a practice for their colleagues. White House press secretary Jen Psaki was asked during a briefing whether Biden thinks lawmakers and their wives should be allowed to […]]]>

The White House said on Tuesday that President Joe Biden would leave the debate over stock trading to congressional lawmakers, some of whom have proposed legislation banning such a practice for their colleagues.

White House press secretary Jen Psaki was asked during a briefing whether Biden thinks lawmakers and their wives should be allowed to own and trade stocks.

“The president didn’t trade individual stocks when he was a senator. That’s how he approached it,” Psaki told reporters. “He also thinks everyone should be held to the highest standard, but he’ll let congressional leaders and congressmen figure out what the rules should be.”

The response comes as a number of bills have been introduced to ban lawmakers from trading stocks.

Democratic Senators Jon Ossoff and Mark Kelly introduced the Congressional Stock Trading Ban Act last week. The legislation would require lawmakers, their spouses and dependent children to place their stock portfolios in a blind trust.

Ossoff and Kelly said the intent was to prevent members of Congress from using any insider information gathered through their elected office for personal gain. The penalty for violating the law would be a fine equal to the amount of their entire salary.

Kelly said the bill “will end corrupt insider trading and ensure congressional leaders are focused on getting results for their constituents, not their stock portfolios.”

Their legislation contrasts with House Speaker Nancy Pelosi, who told reporters in December she was against banning stock trading after several progressives, including Rep. Alexandria Ocasio-Cortez and Senator Elizabeth Warren, condemned this practice.

“We are a free market economy,” Pelosi said at the time. “They should be able to participate in that.”

The White House said Tuesday that President Joe Biden would leave the stock trading debate to lawmakers as some consider banning the practice. In this photo, a Wall Street sign is seen at the New York Stock Exchange (NYSE) on January 4, 2022 in New York City.
Angela Weiss/AFP via Getty Images

Republican Sen. Josh Hawley also announced he would introduce the Insider Trading Ban Act to Congress, which would ban lawmakers and their spouses from buying and trading individual stocks. Members should divest of any prohibited assets or place those assets in a blind trust for the remainder of their term. Unlike the Ossoff and Kelly bill, the ban does not apply to dependent children.

Under Hawley’s bill, those who break the rules will have to turn over any illicit profits to the US Treasury.

“Year after year, politicians somehow manage to outperform the market, buying and selling millions of shares of companies they are meant to regulate,” Hawley said in a statement. “Wall Street and Big Tech are working hand in hand with elected officials to enrich each other at the expense of the country.”

Newsweek reached out to Ossoff, Kelly and Hawley to comment on the White House statement, but did not receive a response before publication.

Updated 1/18/22, 3:35 PM ET: This story has been updated for clarity.

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Should members of Congress be allowed to trade stocks? Missouri senator says no https://radar2014.org/2022/01/14/should-members-of-congress-be-allowed-to-trade-stocks-missouri-senator-says-no/ Fri, 14 Jan 2022 22:22:44 +0000 https://radar2014.org/2022/01/14/should-members-of-congress-be-allowed-to-trade-stocks-missouri-senator-says-no/ ST. LOUIS-Missouri US Senator Josh Hawley is among several members introducing legislation that would severely restrict members of Congress’ ability to hold stock. The idea gained momentum this week when Hawley, a Republican, and Georgia Sen. Jon Ossof, a Democrat, both announced competing bills. Hawley’s Congressional Insider Trading Prohibition Act would prevent their spouses “from […]]]>

ST. LOUIS-Missouri US Senator Josh Hawley is among several members introducing legislation that would severely restrict members of Congress’ ability to hold stock. The idea gained momentum this week when Hawley, a Republican, and Georgia Sen. Jon Ossof, a Democrat, both announced competing bills.

Hawley’s Congressional Insider Trading Prohibition Act would prevent their spouses “from holding, acquiring or selling shares or equivalent economic interests” while in office. Investments in mutual funds, exchange-traded bonds or US Treasury bills would be exempt. Affected individuals would have six months from taking office to dispose of or place the interests in a blind trust. Violators would lose all profits earned in office to the Treasury and could not deduct the losses on income taxes.

The 2012 Stock Act already prohibits members from using inside information to make investment decisions and requires all stock trades to be reported to Congress within 45 days.

The 2012 law was passed with bipartisan support following a stock market scandal. Yet in the nearly 10 years since its enactment, no one has been prosecuted under it, although many members ostensibly continue to trade.

In some recent cases, lawmakers have failed to report their transactions, as required by law.

“Year after year, politicians manage to outperform the market, buying and selling millions of shares of companies they are supposed to regulate. Wall Street and Big Tech are working hand in hand with elected officials to enrich each other at the expense of the country,” Hawley said in announcing the legislation. It’s time to stop turning a blind eye to Washington profiteers.

Hawley blamed House Speaker Nancy Pelosi for her investments and her opposition to legislation that would ban investment trading. Pelosi said last month that lawmakers and their spouses shouldn’t be banned from trading while in office, citing “a free market.”

Pelosi’s latest financial disclosure shows her husband has millions of dollars in assets. This includes shares of Amazon and Apple which are each worth between $5 million and $25 million. Other assets she reported include stock options held in Google’s parent company worth between $1 million and $5 million, Comcast stock worth between $1 million and $5 million, and Visa shares worth between $5 million and $25 million.

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