Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Quiet Compounding
“Nature is not in a hurry, yet everything is accomplished,” said Chinese philosopher Lao Tzu.
Quiet Compounding
“Nature is not in a hurry, yet everything is accomplished,” said Chinese philosopher Lao Tzu.collabfund.com
Damn good read....
JPMorgan warns 86 million customers they might have to start paying for their bank accounts
Chase Bank customers could see some additional charges in the not too distant future.
The Wall Street Journal reports the country’s biggest retail bank is warning that it might begin charging customers for their accounts. That would impact some 86 million customers.
The potential charges, says Marianne Lake, CEO of Consumer & Community Banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Kae says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth-management tools. And she says she expects other banks will follow suit.
The threat of charging for once-free services isn’t a new one. Over a decade ago, many banks said they would add a service fee onto debit cards because of regulatory changes. Few actually did, though, as the feared a consumer revolt.
That could happen again, especially as consumers struggle with inflation and higher costs of living, but it’s not certain.
The new rules would cap credit card late payments at $8 and overdraft charges at $3. New capital rules would also require them to hod more reserves against mortgages and credit card loans, which could impact consumer loan potentials, banks warn.
“It is not practical for many of the services to be free if we won’t be able to draw from those profit pools,” Lake said.
Of course, whether those rules will go into effect could depend on the results of the November election. Donald Trump could strike them down or dilute them. And banks have brought lawsuits to prevent them from going into effect. Some of those cases are currently pending before judges.
This is some commonsense fire right here. Nice find.Quiet Compounding
“Nature is not in a hurry, yet everything is accomplished,” said Chinese philosopher Lao Tzu.
One of America's biggest banks warns about checking account charges
One of America's biggest banks has issued a stark warning about looming charges on checking accounts.
Credit card late fees to be capped at $8 - but not at every bank
Banks will only be able to charge customers a maximum of $8 each time they miss a monthly credit card payment under a new rule announced on Tuesday.
Man, I was just getting ready to post this clip.
I agree INTC does has some positive revenue avenues coming up in a few years, but that debt is serious. Building a position over the next 5 years is too high of a gamble for me.
Marianne Lake is full of shit! When the people start moving their funds from these shitty ass banks, their attitudes will change.One of America's biggest banks warns about checking account charges
One of America's biggest banks has issued a stark warning about looming charges on checking accounts.www.dailymail.co.uk
Credit card late fees to be capped at $8 - but not at every bank
Banks will only be able to charge customers a maximum of $8 each time they miss a monthly credit card payment under a new rule announced on Tuesday.
I'm still in and planning to hold the position I have. But I can def understand where you're coming from.
Quiet Compounding
“Nature is not in a hurry, yet everything is accomplished,” said Chinese philosopher Lao Tzu.
Thanks for sharing.
It's definitely one of the best feelings. As the saying goes - "letting the money work for you" (just investing it and letting it quietly compound).
Knowing that it's the long game ... saving for your future.
Full credit to @850credit for the link ...
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*Disclosure - don't own INTC directly. Do own AMD, NVDA*
INTC has to pull through on their manufacturing processes (probably said this before). It's the catalyst that can really drive their SP. The big question is WHEN and can they take business from TSM. Profitability on the foundry business is a bit concerning, especially when they're being attacked in all segments...NVDA, AMD, ARM in client, data center, graphics. Plus, Pat G is a salesman. Hard to trust what he says.
Intel CEO: Foundry Business Won't be Profitable Until 2030
Pat Gelsinger has finally pulled the covers back a bit on its fledgling foundry business.
AMD and Lisa Su believes that AI has a $400B TAM by 2027. They need a piece of that. Gaming, client, graphics...cyclical. and right now, it's not a revenue generator. Does that change with the release of new chips in 2H 2024?
would take a quarter or two to be realized.I'm going to ride AMD a bit longer. And keep DCA'ing those semi ETFs. I don't get the SP of $ARM but I'm too chicken to buy puts. NVDA was going to buy ARM for $40B... Now ARM is $190B market cap.
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Always appreciate your semiconductor insights. Thanks.*Disclosure - don't own INTC directly. Do own AMD, NVDA*
INTC has to pull through on their manufacturing processes (probably said this before). It's the catalyst that can really drive their SP. The big question is WHEN and can they take business from TSM. Profitability on the foundry business is a bit concerning, especially when they're being attacked in all segments...NVDA, AMD, ARM in client, data center, graphics. Plus, Pat G is a salesman. Hard to trust what he says.
Intel CEO: Foundry Business Won't be Profitable Until 2030
Pat Gelsinger has finally pulled the covers back a bit on its fledgling foundry business.www.extremetech.com
AMD and Lisa Su believes that AI has a $400B TAM by 2027. They need a piece of that. Gaming, client, graphics...cyclical. and right now, it's not a revenue generator. Does that change with the release of new chips in 2H 2024?
I'm going to ride AMD a bit longer. And keep DCA'ing those semi ETFs. I don't get the SP of $ARM but I'm too chicken to buy puts. NVDA was going to buy ARM for $40B... Now ARM is $190B market cap.