Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller For the the fun part is researching companies and finding out about cool things they do or have done in the past.
I never used the term "divesting" but i see its value. I just asked about good sources so that I could know a bit more things that are going on. I know about index funds but I want to be more involved.
I would say find you some good podcasts to listen to. I listen to many of The Motley Fool podcasts during my commutes.
Motley Fool Market Foolery (Monday - Thursday)
Motley Fool Money (Fridays)
Motley Fool Answers (Tuesday or Wednesday I think)
Motley Fool Industry Focus (Weekdays) -
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@storageninja I get that.All good ideas.I have thought about the Index funds and that option seems decent. I do enjoy the fun of researching companies and buying a few shares of stocks too. I have never lost money over a years time but dont make much either. Depending on the year its like 5-15% increase. Not sure if that keeps up with inflation at the low end lol.
Just remember that that "fun" comes from the risk. It's your money and nothing wrong with it, but Index funds are the safest. So if you are using terms like "divesting" which is a risk reduction strategy, but not using Index funds, that's an odd mix.
Although I understand what you probably mean here and you're just oversimplifying, I can't stand when people say this as a general term. It's not the "safest" for someone near retirement to be parked in an S&P index fund. Over the long run historically, index funds have outperformed like 86% of active funds yes, but that doesn't mean that just parking in an S&P fund is safe for everyone. People still need to understand even basically what's going on in the market and know how to move money around to protect assets as they approach retirement.
Disclaimer: Majority of my money is currently parked in an S&P index fund
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@storageninja I get that.All good ideas.I have thought about the Index funds and that option seems decent. I do enjoy the fun of researching companies and buying a few shares of stocks too. I have never lost money over a years time but dont make much either. Depending on the year its like 5-15% increase. Not sure if that keeps up with inflation at the low end lol.
Just remember that that "fun" comes from the risk. It's your money and nothing wrong with it, but Index funds are the safest. So if you are using terms like "divesting" which is a risk reduction strategy, but not using Index funds, that's an odd mix.
Although I understand what you probably mean here and you're just oversimplifying, I can't stand when people say this as a general term. It's not the "safest" for someone near retirement to be parked in an S&P index fund. Over the long run historically, index funds have outperformed like 86% of active funds yes, but that doesn't mean that just parking in an S&P fund is safe for everyone. People still need to understand even basically what's going on in the market and know how to move money around to protect assets as they approach retirement.
Disclaimer: Majority of my money is currently parked in an S&P index fund
Sure, but in this context, talking to people who are actively investing for a future retirement.
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@zachary715 Thanks for the ideas I will check those out
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
I do enjoy the fun of researching companies and buying a few shares of stocks too. I have never lost money over a years time but dont make much either. Depending on the year its like 5-15% increase. Not sure if that keeps up with inflation at the low end lol.
The problem with lots of buying and selling is that trading fee's add up (unless your doing very large orders for single stocks, in which case your taking on a LOT of risk).
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@storageninja I get that.All good ideas.I have thought about the Index funds and that option seems decent. I do enjoy the fun of researching companies and buying a few shares of stocks too. I have never lost money over a years time but dont make much either. Depending on the year its like 5-15% increase. Not sure if that keeps up with inflation at the low end lol.
Just remember that that "fun" comes from the risk. It's your money and nothing wrong with it, but Index funds are the safest. So if you are using terms like "divesting" which is a risk reduction strategy, but not using Index funds, that's an odd mix.
Although I understand what you probably mean here and you're just oversimplifying, I can't stand when people say this as a general term. It's not the "safest" for someone near retirement to be parked in an S&P index fund. Over the long run historically, index funds have outperformed like 86% of active funds yes, but that doesn't mean that just parking in an S&P fund is safe for everyone. People still need to understand even basically what's going on in the market and know how to move money around to protect assets as they approach retirement.
Disclaimer: Majority of my money is currently parked in an S&P index fund
Note, my Couch Potato strategy I mentioned includes rebalancing into index's of bonds or bond funds (Actively managed bond funds tend to do a little better than stock index's but I'm using it basically as a proxy for cash so I don't really care that much).
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@storageninja Well i don't do lots. This may not make a lot of sense but I take my time and enjoy researching. When i find something I like i buy a few. I'm not exactly a major stockholder in anything lol. Its more of the journey for me that i enjoy but I also learn too. I just take a small % every month and buy a few of something I like.
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@storageninja I will have to look into your strategy as well!
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Looking at their stocks, looks like this "notorious short seller" didn't even make a dent in their stock progress.
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@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Looking at their stocks, looks like this "notorious short seller" didn't even make a dent in their stock progress.
They are (were in February at least) going through a SEC investigation. This is a fact.
But that does not mean the entire company is going down. It may lead to nothing in fact.
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@storageninja Is Mark Cuban CEO of a young, public company that's in full growth mode? He may be, I don't know. It seems to me like he's most focused on the Mavs these days and his other business ventures are side projects/investments. Not minimizing his other investments, it just seems like the Mavs is where most of his attention goes. I don't follow every Mark Cuban move though so I could be wrong here.
I know he's invested in Shark Tank TV.
Edit: Or at does other things besides being an owner of the Mavs.
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@black3dynamite said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@storageninja Is Mark Cuban CEO of a young, public company that's in full growth mode? He may be, I don't know. It seems to me like he's most focused on the Mavs these days and his other business ventures are side projects/investments. Not minimizing his other investments, it just seems like the Mavs is where most of his attention goes. I don't follow every Mark Cuban move though so I could be wrong here.
I know he's invested in Shark Tank TV.
Edit: Or at does other things besides being an owner of the Mavs.
Yes, many wealthy people have diverse investments. Even people not considered "wealthy" can have diversified investment portfolios. We're talking about where is a person spending the majority of their time and energy. In Mark Cuban's case, I'm guessing based on the many interviews I see him do and such that his main passion these days is the Cavs and that's where the most of his time and energy goes. Additionally, the Cavs aren't publicly traded, therefore there aren't necessarily shareholders who are pushing him to make the Cavs as profitable as possible.
I haven't really followed this story that much since bringing it up. I haven't invested either way, but I am curious to see how the investigation turns out.
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Additionally, the Cavs aren't publicly traded, therefore there aren't necessarily shareholders who are pushing him to make the Cavs as profitable as possible.
Not public, does not mean there are not shareholders. Just that they are not traded on a public exchange.
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@jaredbusch said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Additionally, the Cavs aren't publicly traded, therefore there aren't necessarily shareholders who are pushing him to make the Cavs as profitable as possible.
Not public, does not mean there are not shareholders. Just that they are not traded on a public exchange.
Haha I knew when I typed that someone would say that. I almost spent extra time clarifying, but didn't. Yes there are possibly other shareholders/part-owners involved. Those few individuals can scrutinize the ownership/financials all they want for their company. (If they want to sell, it's probably a bit more convoluted than just hitting up ETrade.) The general public has no view into that info though and it's mostly irrelevant to them. In the case of UBNT, it just applies to a wider audience since there are many more investors that they're relying on to keep happy and keep the company's value as high as they can.
