Free Republic

Robinhood said 24-hour trading is coming to its platform as the company that was at the center of the meme-stock frenzy aims to accommodate time-strapped customers while pushing for wider change in trading operations. A rollout of 24 Hour Market will begin May 16 to a "subset" of customers, followed by all customers getting access in June. Trading hours will be from 8 p.m. Eastern Time on Sunday to 8 p.m. Eastern on Friday. "We've often heard from customers that it's tough to find time for investing during regular market hours with work, family, and everything in between," Robinhood said...

Did the Wall GoFundMe Founder Use the Money to Buy a Yacht? In 2019, we found no evidence Brian Kolfage purchased a yacht — or any other personal items — with money raised for building a border wall. But in August 2020, organization leaders were indicted on fraud charges. [cut] Our original article is below: [cut] The post prompted readers to write in and ask Snopes.com whether Kolfage bought a yacht with funds raised for the wall. Kolfage said it’s not only not true, but it would have been impossible. He purchased the vessel in question for $675,000, paid mostly...

Jeremy Grantham: ‘My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the chutzpah involved in having a bubble at a time of massive economic and financial uncertainty is substantial.’ "A market that may be the most bubblicious he’s seen in his storied career." "Grantham is worth paying attention to due to his prescient calls over the years. He said that...

Day trading is treacherous in a volatile market and the competition is fierce Some people may feel compelled to take action when they see a volatile stock market, and for one 24-year-old Reddit user, Monday’s dramatic market correction was the time to buy on a dip.Unfortunately, it backfired. The Vancouver-based user, a financial analyst at a Canadian pharmacy who earns $50,000 a year, said he lost his entire savings ($10,000) from trying to buy the dip, and he wrote in his thread about using his credit card to trade CFDs (contract for differences), which are investments that mirror assets the...

While we have often heard that members of Congress, who are not only exempt from insider trading oversight, are also ardent daytraders we had never seen it in action. Until now. The following publicly filed monthly Periodic Transaction Report by Democrat Congresswoman, Judy Chu, shows us just how pervasive daytrading is not only for algos, but for those who supposedly are paid to serve their constituents. What is interesting is the size of the trades - between $1,000 and $15,000 each, this is not some novice, penny pincher; what is even more interesting are the underlying securities of choice: volatile,...

He’s the teen wolf of Wall Street. A kid from Queens has made tens of millions of dollars — by trading stocks on his lunch breaks at Stuyvesant High School, New York magazine reports in its Monday issue. Mohammed Islam is only 17 and still months away from graduating — but worth a rumored $72 million. “The high eight figures,” is as specific as the shy and modest teen would get when asked his net worth.

A study from the Texas Association of Realtors shows international buyers pumped more than $11 billion dollars into the Texas economy between March of 2013 and 2014. One Austin Realtor says people from outside of the U.S. are looking for a secure investment. “An international client can come into the Austin market, get a great value for what they’re buying and almost be insured that there’s profitability in that and that’s unique to the world as a whole,” said J Kuper, owner of Kuper Sotheby’s International Realty.

Baby boomers and others worried about the lack of money in their 401(k)s and IRAs are day trading within their retirement accounts. Americans worried about running out of money in their golden years are trying a new investment strategy: day trading their retirement funds. Disillusioned with the conventional buy-and-hold approach, baby boomers are anxious to improve their retirement prospects after two punishing bear markets in the last decade. Some people are trading the mutual funds in their 401(k) plans more frequently. Others are venturing into options. And some aggressive investors have begun day trading their nest eggs — all in...

Harvey Houtkin grew up amid humble beginnings in Sheepshead Bay Brooklyn. He was always extremely good with numbers. He went on to college and upon graduating headed for Wall Street. In a back-office department, he was responsible for calculating accrued interest on bond trades. This was a laborious task done with primitive electro-mechanical adding machines. When the electronic calculator was introduced, Harvey immediately saw its potential to streamline the department. He pursuaded his boss to buy several of the then $3000 units, and began a wave of automation on Wall Street that continues to this day. Harvey moved up and...

How a naval confrontation in the South China Sea created a global investment bubble -- and cost me half my life savings. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "What's the definition of a mine? A hole in the ground with a liar on top." The most famous aphorism about the mining business is usually credited -- possibly apocryphally -- to Mark Twain, who before assuming the mantle of America's great literary wit was just another mining speculator gone bust. But generations of fleeced investors since Twain's day would nod angrily in agreement -- losing a fortune on too-good-to-be-true mining deals is a tradition as old...

Daily Market Commentary for April 1, 2008 from Millennium-Traders.Com Simply put, the markets soared higher today, with the major indices moving higher and higher, as the trading session moved forward. Indices closed at or very near their highs on the session when the closing bell rang. Brokers had taken a beating recently over the Bear Stearns debacle but today, Brokers showed their strength and ability to rebound to post some very nice gains. Goldman Sachs Group, Lehman Brothers, Merrill Lynch and even JP Morgan Chase posted favorable gains during the trading session. BlackRock pounded the street today for some exceptional...

Daily Market Commentary for March 31, 2008 from Millennium-Traders.Com Treasury Secretary Henry Paulson's comments regarding reorganization regulations for the U.S. financial markets gave the markets a boost today. Full details of Secretary Paulson's comments, on Blueprint for Regulatory Reform can be found, in this commentary. Trading activity was rather sluggish early on in the trading session as the street looks to lay to rest one of the worst quarters seen by the markets since the third quarter of 2002. Merck and Schering-Plough took a hit today after results from studies by a panel of cardiologists showed Vytorin provided little improvements...

Daily Market Commentary for March 27, 2008 from Millennium-Traders.Com Today was a Super Whipper, Chippie Market trading session. Wild trading whips were felt by even the most experienced day traders today. Needless to say, at the closing bell you could almost hear a roar of sighs of relief that the trading day was finally over. Major indices held in negative territory through the trading session as Crude Oil once again surged higher at over $108 a barrel and the Dollar moved in the opposite direction to lose more value. Moving into the close of this week, anticipation is very high...

Daily Market Commentary for March 26, 2008 from Millennium-Traders.Com Markets were plagued today with extremely light trading activity along with, low trading volume, across the board. A negative market trend followed the indices, into the close. Economic data out today fueled the selloff across the street. The Dollar moved lower (again) and crude oil soared higher by over $4 a barrel. New home sales fell to their lowest level in 13 years. Mortgage Bankers Association reported an increase in mortgage applications today which provides a slight glimmer of hope for the housing industry. Ford Motor is selling Jaguar and Land...

NEW YORK · Bill Hanousek spends at least four hours a day logged into his TD Ameritrade account, carefully monitoring his investments and outstanding options, and extensively researching his next move. At the end of the day, he logs off, leaving it all behind to attend to his real job, as minister of the Queensboro Hill Community Church in Flushing, N.Y. "This isn't my focus," Hanousek said. "It allows me to do my ministry, which I really enjoy and is my real calling, but I wouldn't be able to support my family on it." Hanousek, 56, has spent 10 years...

Seattle man sued in alleged day-trading scheme By Maureen O'Hagan Seattle Times staff reporter A Seattle man has been sued by the Securities and Exchange Commission (SEC) for allegedly using stolen identities to open day-trading accounts and using those accounts to make a profit for himself. The man, a day-trader named Suheil M. Judeh, allegedly made $95,000 in seven months using the phony accounts. SEC officials believe the case is the first of its kind for the agency. "We do think the identity-theft angle is quite novel," said Pauline Calande, assistant administrator of the agency's Pacific region. A criminal investigation...

<p>'TWAS THE QUARTER before the crash, three years ago. The Nasdaq was climbing off the charts, and a Washington economist -- Sen. John McCain's top economic adviser in the Arizona Republican's presidential campaign -- co- authored a book called "Dow: 36,000."</p>