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Detailed comparison of the (M)AANG stocks performance through the years...
Is it illegal to purposely not paying back credit card debts in order for the banks to lose money, while shorting the banks?
Tried Fidelity brokerage, underwhelmed, anything wrong with staying with Wells Fargo?
Netflix’s Qwikster 2.0: Growth Loss and Pivot into Gaming
Buy $XLF before Thursday's momentum fund rebalancing
I have about $2k sitting on the sidelines. What should I do?
Apes face the greatest Marshmallow Test in history. Will you pass? [Psychological DD] 💎🙌
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>but outside AWS, it's never been very profitable. Badabing!! Hasn't AMZN always lost money on shipping and most of its retail? JB thought he could do better than FDX / UPS on cost but it doesn't look like that's happened to any great extent despite AMZN acquiring it's own air force. Buying WF was a capitulation on shipping, but it looks like they weren't able to develop that to any great extent either. Now they're developing their own grocery retail, so their cash is going to be tied up in more hard assets with at best very low margins. More of the profit from AWS down the drain. I'm not willing to bet against it, but for my money the future for AMZN is at it's murkiest since 1999.
Wells Fargo is the new Goldman Sachs for their clown ratings and satirically cringey notes. Rod Hall woke up last year. Idk who the lead clown at WF is but these notes make WSB DDs look unbiased and professional
So I had the cash in my account this morning and decided to transfer it to WF. I just got this email…gonna give them a call in the am.
I just picked up some good free range brown eggs yesterday for 4.29 at my local pleb stop but at WF you aren't surrounded by poors so maybe it's worth it
> Look at his bank purchases over the years. are you kidding? he rarely holds banks! he is famous for insisting on only investing in banks that meet his demanding ethical criteria. He dumped Wells Fargo at huge loss when he learned that they were scamming with fake accounts - and rapidly, unlike most of the things he sells because of change of heart. He's written endlessly about all the ways US banks are scamming customers and shareholders. > Fuck Buffet. Huge into redlining Chicago and fraud. I think this claim should be supported with credible sources/evidence that support what you actually claim. *(You won't, of course.)* > Incredibly racist activities regularly take place at banks he owns as well - just look at WFC conduct during and before the 2008 crash. You mean that bank he furiously reprimanded and publicly dumped when he found out what they were up to? The only big investor in America that publicly reacted that way to Wells Fargo? Maybe you can name for me some other investors who got mad publicly at WF and dumped them, other than Buffett. Put the list here: 1) 2) 3) *(You won't, of course.)* > His biggest bank investments, like BofA and WFC are consistently the **most fined** for abusive practices towards low income people. Source? *(You won't, of course.)* > He's only where he is because his father ran an investment firm and set him up - dude was trading the today $$ equivalent of tens of thousands in grade school. Ludicrously incorrect. Millions of people have started out that rich or richer. Zero ended up like Buffett. He's where he is because he stumbled on Ben Graham at an early age, and stumbled on Munger later. Couldn't have had a more fortuitous combination of influences in addition to natural talent and interest. He isn't famous for simply 'being rich'. **He's famous for being the single most successful portfolio investor in the history of the planet.** No other person in history has done that - other massively rich people did so by holding one thing that did spectacularly well (Microsoft, Steel, Cars, Cartoons ...) > He's benefited tremendously from government subsidies and bailouts Total bullshit, in fact **he actively trades on the assumption that he won't get government help or bailouts**. Read up on why he sold airlines at a massive loss in 2020 for example. He reasoned that as a major shareholder with cash, the government wouldn't bail out the airlines, they'd insist he had to do it himself. Likewise, 2008, who was there to bail out struggling titans of US industry? Buffett, long before the government acted to support them. The idea that the government bailed out *him* is the most absurd idea I've read in hours and I've been browsing WSB in that time. > his portfolio of health insurance and pharma companies are a huge part of why health care in America is so screwed up. Buffett only purchased a broad range of health stocks recently, in tiny amounts, because he has made clear he finds pharma too difficult to get right. As for 'Buffett is why healthcare in America is so screwed up', that's the single most unintelligent comment I've ever read about Buffett. It doesn't even make any fucking sense. > Don't buy the PR, he's not a good dude. I've spent 20 years studying him and I've read almost everything he's ever written (most of it 2-3x). Get screwed, telling me 'don't buy the PR'. Honestly who the hell do you think you are? Your beliefs are pure fantasy and amount to some of the most ridiculous nonsense I've read. Another fun Buffett fact: He has repeatedly lobbied his entire life for higher tax rates to be applied on people like himself, in order to lessen the burden on the regular guy. Name one other top investor who's done that. Name one. *(You won't of course.)* He's giving 99% of his wealth to charity and is a good part of the way there. He's personally convinced dozens of billionaries to give 50%+ of their wealth to charity. How about you? What have you done that lets you claim moral superiority over the man? *(You won't reply to this with an answer, of course)* > "his portfolio of health insurance and pharma companies are a huge part of why health care in America is so screwed up." wtf! what the actual fuck. this is just some really stupid shit.
Never heard of this brand, any good? We like this one, my preschooler is obsessed with it. Tean's Gourmet Chili 320g (Crispy Prawn, 1 Pack) https://www.amazon.com/dp/B07BKTR3LW/ref=cm_sw_r_cp_api_i_HT294WF1HC2YM7FCQFW1?psc=1
You get that MUCH? WF here I come!
SNAX gang, how are we feeling about first quarter earnings call on 5/12? I’m hoping they announce their big WF deal or whatever. Too funny I’m getting notifications of my .88 buy order executing as I type this.
[Powell zoom link](https://us06web.zoom.us/w/87555302625?tk=4uQT_Hsa_bLzdsL-W_Gx63qFLw6RSrXzTebgRqnbfF0.DQMAAAAUYrPk4RY0YUREbXZ3b1RmYTd1WF9lNmpQR0JBAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_6r9irxMPREy-OecJrvzZig)
The fees are very reasonable for full service. ARK expense ratio is 0.75% whether you lose less or lot more. It gives you an idea what the professional can do for you. Can try it compare to DIY results. That is the only time you can ask about other stocks. Some advisors are actually quite resourceful. Also ask about their background. I have used the WF for futures, options, bonds and angel investment. They deliver better and often I have ways to ask how many account holders buy that product.
Chanath, is that you? Or did you hire some intern to do a thesis on SOFI for their senior year capstone project? SOFI will never see $17, it will see $5 soon. There is a huge risk that it might not even survive as its revenues never catch up to its expenses. BTW, your entire thesis about banks and other financial services is categorically wrong, SOFI is about 5-10 years too late and has absolutely no major advantage even over some regional banks. Have you seen what Chase, BOA, WF, Citi, USB and even regionals like Fifth Third, Regions, etc. have to offer these days? What a waste of space.
Yeah GS and WF probably aren't going to do great tomorrow
Possibly? Who knows. If there really is a nationwide SNAX deal with AMZN's WF network the stock should be up pretty big that day. But if you take him at his word the reason he bought it was on valuation, which makes sense. Either way, he could have become panicked and is selling out. But who knows.
yusss. that’s the way to stay rich. WF has really good sushi though! definitely worth stopping by sometimes
I'd vote Robo, but only because Wealthfront's tax loss harvesting saved me about $10k on my taxes this year. My WF account racked up \~$50k in 'tax losses' in 2020 (crazy covid dip), even though it ended the year up as things recovered. You can only offset $3k of regular income per year with these losses, but what I just learned is that you CAN use those tax losses to offset capital gains made elsewhere. You can also 'carry forward' those losses to offset future gains. I made about $40k trading ETH in 2021, and was expecting to have to pay LTCG on these since I'd held it for a year. But my CPA confirmed that my WF losses from 2020 could be carried forward to offset these gains, so I literally owe zero taxes on that $35k.
It was mentioned early on in the call, not the name of the chain but it was obviously Whole Foods. My guess is that they will be in this upcoming reset or the next one in 6 months and WF hasn't notified who they're kicking out yet. WF gets their slotting fee no matter what so it doesn't really matter to them and they'll just replace Stryve if they underperform at the next reset.
Hhhhhhaaaaaahhaa. True dat Some of us also invest so we don’t work behind Wendy’s. $SOFI is the future of banking. WF/BAC are dinosaurs with Brick/Mortar. Galileo is filled with Google nerds & so is Technisys and $SOFI owns them. Noto is a freak If you guys put any kind of pressure on $SOFI it would slingshot with the current SI% to $50’s. Do 30 minutes on DD tonight. Just sayin.
Calls on costco. $3.99 gas line longer than great wall of china https://ibb.co/G2WF2WC
I dunno the guy checking out the MILFs at the WF hot bar told me 1k EOM
Then every single bank and credit union is fintech. You can bank with a traditional bank like WF or BAC and never set foot in a physical branch. Hell I bank with a credit union that had no branches within 500 miles. I'm not anti SOFI, I've looked into a CMA with them and they were one of the options for refi my studen loans but at the end of the day they are a bank. Lumping them in with companies like SQ and UPST is faulty IMO.
When you consider how many people always in line in BOA / Chase, and nearly empty at WF, yep.
I think it’s a much longer game than that. They just bought WF a few years ago, and just opened a revamped store. They basically piloted the full automation of grocery shopping w Amazon Go, and are just starting to roll that tech into WF stores… https://www.nytimes.com/2022/02/28/technology/whole-foods-amazon-automation.html I think for most other industries they got in, it is similarly very early.
Lol they probably do, but really shoudn't. It clearly didn't save the stock when it was on its way down. Needle movers on the market, such as investment banks, institutions and funds don't take directions from social media mentions. "It's a combination of political fear and valuation". Following the entire market, valuation corrected recently, yes. But a lot of it, which started in summer 2021 is political. Before that, although the political risk was there, the Chinese government was quiet so the markets ignored the risk. It'll probably get back to that when the Chinese government calms down a bit. Look at what happened in 2018 when Trump passed that delisting bill. Chinese stocks crashed, and were back to ATHs a year later. See BABA vs. SPY in 2018-2019 [here](https://i.ibb.co/WF6sShq/Screen-Shot-2022-03-14-at-6-27-09-PM.png) (BABA in blue, SPY in orange).
https://youtu.be/2YS-WF6nlA0 so you’re telling me this is a mcdojo?
Correct. But FYI WF only provides ETFs for investing not individual stocks.
Different competition has sprouted over the last year or so. PayPal has a stronghold with it's ownership of venmo and whatnot, but now you have financial institutions starting their own peer-to-peer payment platforms (think WF's Zelle). I doubt Zelle will be the last of it's kind and more of an example for other big banks. PayPal might be on its way down for good.
WF also charged black people higher mortgage rates than white people despite, all else being equal.
🇺🇲🎯 Primary Dealer #NFPGuesses MS +730K AP +700K NW +650K SocGen +555K Jeff +550K Citi +510K GS +500K JPM +500K Nom +500K Barx +450K Daiwa +450K Scotia +450K UBS +425K BMO +420K BNP +400K HSBC +400K RBC +380K BofA +375K WF +375K Miz +300K TD +300K CS +250K DB +200K Median +450K
Yeah, I did 20% down - any less and the pre-underwriting process gets harder, and lender choice gets narrower. Some do have 10.01% down jumbo loan products, but that usually comes with a higher rate, and the seller might be more hesitant to proceed. Sellers like money. Other advice I have for the current market climate: - Be sure your lender can commit to no more than a 28 day close - I had issues when loan shopping at bigger banks like WF, since they were quoting 30-45 days. Offer would go right in the trash. - Be pre-underwritten, not just pre-approved. Being pre-underwritten is very important to be able to compete with cash offers, though you will still likely end up paying more on average when financing. The seller always has to assume some risk with non-cash offers. - If the seller has any requests, like rent-back time, give it to them at no cost. I actually won my bid by zero dollars - top two offers were the same price, but my offer had a zero-cost rent-back month, and the other guy wanted them to pay. That was the difference. - Be prepared to submit zero-contingency offers, and have enough extra cash reserves to fill the financing gap if your lender appraisal comes in low. With no loan/appraisal contingency, you will be obligated to make the offer number regardless of your lender's risk tolerance. - I would add an inspection contingency only if one was not provided. However, every seller included an inspection in my experience, and that's all you're going to get - you're buying it as-is. Sellers have no need to deal with buyer inspections. - If the property is newer or upgraded, it will be extra competitive. Depending on your situation, research renovation costs and work that into your mental math when shopping. HELOC or PLOCs are good supplements for renovations post purchase. Dated properties will not get all that much of a discount - renovations just don't cost much compared to the purchase price. - No property I bid on sold for less than 22% over asking. Be prepared to offer 30% or more over asking for quality properties. - Every property I bid on got at least 12 offers, and the most got 18. Your offer must immediately stand out, or it's in the trash. At the end of the day, it's all about the money. You can sweeten the offer a little bit, but the offer price is the only thing that really matters. I got absolutely nowhere until I was forking out enough to be the top bidder. It seemed to me that the market was a little softer for condos and townhomes, but not by all that much. I never bid on one of those, so I don't have any experience there - I was single-family or bust. Best of luck! Happy to share any other experience.
>https://t.co/WF5ppv0zin ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-02-23 ^13:29:39 ^EST-0500
No you won’t. WF will open a fee charging account without telling you and take $20/month from your $300
You're not the first one to think of that. Alphabet doesn't get mentioned enough but they are a leader in AI. Especially data mining, collection, refinement, sorting, processing, and turning into useable results. "Google Search" isn't just a search engine anymore. It's technically speaking the most advanced AI and actively accessed in the world. That's why I have been and have remained an investor in google for 10+ years. Only regrets I have is that I didn't buy more. With that said, back to your question. The capital management whales (BLK/State/Van), traders and makers (GS/CBOE), big banks (BAC/JPM/C/WF), hedge funds, family funds, and even smaller operations on Wall street all run Algos and AI. That's why quants and comp sci guys are the ones that make huge dough and why the small trader very rarely wins out over the long run. Google COULD go into finance and they probably should go into fintech. But google already has it's hands in a bunch of stuff and is focusing on google payments on the finance side. Their most brilliant minds are probably working on AI, but not to win the stock market but scary sci-fi shit like AI smart enough to write AI. Take Alpha-Go which [MOGGED the world's best Go player.](https://www.youtube.com/watch?v=WXuK6gekU1Y) The best in the world managed to clutch out 1 win out of a best of 7. [Then Google taught OG AlphaGo teach subsequent Gens of AlphaGo which turn into even MORE monsterous beasts within days 0 human interaction because computers can play thousands of games per day.](https://en.wikipedia.org/wiki/AlphaGo_Zero#Comparison_with_predecessors) Real terminator, matrix, and westworld super AI shit. TL;DR Wall Street already does AI. Google CAN use AI for high finance, but their goals are more lofty? expansive? dangerous? Probably all of those.
Many of the major banks like BoA and WF have investment portals integrated into their app. Not sure about smaller ones though
It's held by or integrated into Twitter, Paypal, Cash app, Pimco, Mass Mutual, Square, Tesla, Harvard/Yale/Brown Endowments, Fidelity, a sovereign, numerous hedge funds, brokerages, credit cards, Goldman/JP/Stanley/WF wealth management, Walmart ATM's, three US pensions, multiple international ETFs, and two US ETF's this week. Payroll and direct deposit platforms are being built out and three US mayors recently elected to get paid in Bitcoin. Coinbase's quarterly report reported thousands of institutional clients a couple quarters ago. Influential offices like Druckenmiller, PTD, Dalio, Alan Howard, Soros, etc have made purchases. To unironically state there zero institutions have bought you have to be getting all your news from r-buttcoin for the last two years.
Did you get a letter from WF that the debt is forgiven from their end? Because writing off your car loan as bad debt is simply an accounting thing. They still can send your debt to a collection company and if the collection company recovers anything, WF will get a cut
Wells Fargo wrote off the 11k I owed them for my car loan as “bad debt” and since then I’ve recovered the 150 points in credit score they took from me. Calls on WF
Market is too schizophrenic to do puts or calls on Spy. Sure you could try to saddle to profit on another -3% + intraday recovery, but its a fools errand. Only reasonable plays 1. More HOOD puts. March at 10 dollar are worth considering if you don't have some already. 2. GME stock. Options too expensive. Worst case it takes 8 more months (based on DRS trends) to DRS the entire float, and this will make short sellers cry. Reported SI is up, so someone has a vested interest in keeping GME down. Note the reporting guidelines for short positions is self reported and the FINRA gives toothless fines, so shorts can fudge their positions. I believe the actual short position on GME is much larger than reported. 3. Maybe some BAC puts. My 40 BAC are doing okay. If I had more money I'd consider some 30 dollar BAC for the fall. BAC is in a crap position, especially if they are counter to party to some derivative contracts that could easily go tits up. (Read somewhere they were citadels prime broker...) Citigroup puts are also considerable. See 19 trillion RR as a form a of aid to flailing financial institutions. Other firms that are described in the wut doing CS DD are Morgan Stanly, Jefferies, WF, Deutshe Bank, and UBS. I don't have puts on these guys, though I did get some Credit Suisse puts.
I think everyone at this point would like to see one of the bigs boys take RobinHood, black list vlad and do it fair and right. Could you Imagine a trading app that links to your main portfolio in a good way. For me right now, I use RH for one thing, fucking around, fidelity for my fully managed retirement account, and WF for fully managed brokerage that I have 50% of the monthly intrest on removed and split, $500 to RH and the balance to Fidelity, 30% goes into my tax account and 20% I get to spend. I'd love to be able to call one company and be like hey, I made some good options plays can we move some things around and cover some of those so we can boost both my other accounts? What it takes now is almost 7 days to move a stock or get cash out and move it over. It just sucks. RH is a great app and terrible company Fid- us a great company with a terrible app (although Active trader Pro is kinda nice...on the computer) Need some Integration here
https://www.google.com/search?q=toyof+vs+tm&client=ms-android-cricket-us-revc&sxsrf=AOaemvLS0kkSyUFFuEt97ihAmEb561GGoQ%3A1643303385814&ei=2dHyYbKlMcmnptQPx9WF6AM&oq=toyof+vs+tm&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAMyBQgAEIAEMgUIABCABDIFCAAQgAQyBggAEBYQHjIFCCEQoAE6BwgjELADECc6BwgAEEcQsAM6BwgjEOoCECc6BwgjECcQnQI6BAguECc6BQgAEJECOggILhCABBCxAzoLCC4QgAQQsQMQgwE6DAgjECcQnQIQRhD6AToLCC4QxwEQrwEQkQI6BAgAEEM6EAguELEDEIMBEMcBEKMCEEM6BwguELEDEEM6BAguEEM6DQguEIAEEMcBEKMCEAo6BwgAEIAEEApKBAhBGABQ8hZYlTBgsk1oA3ABeAGAAbQEiAG-EJIBCTAuOS4xLjUtMZgBAKABAbABD8gBCcABAQ&sclient=mobile-gws-wiz-serp Doesn't give any specifics
Yeah agreed. I love WF and UBS sucks. Luckily the statement they sent today said UBS will allow them to keep operating as their own sovereign entity so let’s hope that’s true
That’s why they (WF) had so aggressive saving rates deals a few years back. Customer acquisition and the sell. Standard trick in the book.
The initial argument for robos was managed portfolio allocation, but TDFs already do that for you. The second argument is tax loss harvesting, but the market of those with significant after tax investments but not so significant that they have a dedicated advisor is fairly small. Not to mention the benefits of TLH being overstated in many cases. The third argument was that they offer better integrations with your other accounts. PersonalCapital has good NW tracking, Wealthfront has some handy features to auto withdrawl from your savings if it exceeds a certain level (think above your E-fund). I think these are currently still best in class but fintech startups are getting better at this. Finally, Wealthfront, Schwab and some other robos have given users other axes to set up their accounts with (Schwab let's you choose if you want international, WF let's you pick your allocation and even what shares you want to buy and pair on). They also continue to push ESG options more and more. While this looks like a benefit through additional options, it really goes against the initial thesis that a robo can pick the optimal allocation for your risk level. The point of them is to handle the choice of funds for you, not to let ignorant investors who have never heard of MPT toss together a bunch of correlated assets. I feel like at this point the thesis that there is a market for robo advisors is fairly disproven. All the big vendors have had to add either tangential or completely contradictory features in an attempt to gain marketshare. While the integrations are very nice (and are probably worth a fee premium), they are something that competitors, new and old, are gaining on. If UBS fails to develop WF like Empower did PC, then robos will likely fade into obscurity.
I think it might be a trend, yes. Robo platforms don't have much in the way of technology to distinguish them; that's why it was fairly easy for every other brokerage to quickly spin up their own. Nobody's buying a standalone robo firm for its tech. But it's a good way for someone trying to expand in the consumer space to jump start their customer base. If I had made a prediction it would have looked like this: a big traditional bank going after a new segment. I suspect Betterment may also go this way at some point, and we'll see one of the stodgier institutions with a lingering brokerage business (WF?) scoop it up.
Puts on WF lol Hopefully no one heeded his NF “advice”
The generation that uses brick and mortar thieves like WF is dying off. People use their brokerage. And these new fintech companies are offering banking now like Kraken and SOFI. Old school banks shouldn’t have been such horrible wanks to the general public for so long.
Remy waddling at the rest stop https://imgur.com/a/iS10WF4
You took that bait along with just about everyone else. Pelosi is corrupt, but she is not the most corrupt by far. That would rest with Mitch McConnell. He current grift is that he owns $5 million of Wells Fargo stock and his wife is on WF's board. He is working to gut the consumer credit protection agency that fingered WF for fraud. He does this openly because he gives no fucks. Pelosi came from a shitload of money and she bought her way into her position. She was very rich before she even got to congress. The only congressperson that knows banking and wants to change it is Elizabeth Warren which is why she's a target. The only person that knows more about banking is Jamie Dimon. The most corrupt trader that is a member of congress by far is Austin Scott who uses his position on the Subcommittee on Commodity Exchanges, Energy, and Credit to make bank. Scott has been number one for a while, but he is a nobody in congress so nobody knows who he is whereas Pelosi actually has a lot of power. [Congress profit trading vs S&P](https://imgur.com/gallery/XVG0Wet)
They get big returns by holding cash. This is what allowed them to backstop the WF purchase of Wachovia. Neither bank had any money. Buffett made a killing because he had the resource (cash) that everyone needed. Yes they lose value on inflation but they recover it ten fold as the economy cycles. Given they don't need any of these funds for day to day operations makes for an environment where they can be more selective. Read his annual letters on "elephant hunting". Berkshire has reached a point where they need an immense amount of capital to make a meaningful movement in the value of the business.
Be responsible for your own investment choice. The thesis with WF, as opposed to any other major commercial banks, is its relative discount on valuation compared to those banks. Ie., market is valuing a dollar made by WF less than a dollar made by GS, BoA, etc. At some point, memory will fade and this gap will close if WF continue to operate scandal-free. It is a reasonable thesis and Cramer was not the only person who voiced it. If you're going to be a good investor, you need to evaluate theses, not the person who espoused them.
I don’t give a fuck if WF licked my ass and dropped 10k of their own money in every new account I’d open — after their cross selling antics they are on my permanent shit list for a minute
Wells screwed millions of stressed homeowners by pretending they would give them mortgage help through Tarp, stringing them along, having owners apply multiple times and saying that the applications were incomplete, lost or misunderstood. Millions of people lost their homes because of WF’s corrupt actions. This bank makes Bernie Madoff look fair and reasonable. I wouldn’t buy their stock if it was guaranteed to double.
I could never invest in WF just on principle because of their habit of f’ing over their customers. They’ve been busted and fined heavily multiple times yet reoffend. Second reason is Jimmy boy highly recommends them.
Fuck WF. I was one of those business customers who was victimized as they tried opening credit lines without my consent.
WF lost a LOT of a modest nest egg in the 80s to 90s. Recovered by Fisher!
Let me put it this way. When the recruiters call - and they all call - once they mention WF, conversation is over. No interest; life is too short.
Shop around. WF sucks. I am locking in clients under 3.5% with those qualifications. Buy it down a bit to 3.25%. My comment was taking into account that the person must have gotten the loan last year when rates were so ridiculously low.
I'm up +60% for the year on WF shares alone. Not even including dividends.
Wells Fargo might be boring, but it saved my P&L in 2021. Anyone know what to expect Friday for WF?
My WF shares up +65% on the year, not even including dividends. Thats better than any tech stock I've held the last year just saying. 🤷♂️
I'm +65% on the year for WF. Not even including dividends
Yeah, I know, I hate WF but I love money and there is significant up side to their situation.
Good luck, WF been closing all open HELOC for months now. Don’t think they will let a new one open. You need a second mortgage instead.
You ever heard of Lehman? Yeah that was when I figured out this trick. Next time I'll hit WF. Lmk if you guys want a heads up.
Citi and WF puts, NTM and March expiry.
Okay that makes more sense, still surprising that it's more expensive in Cali than NYC. I hate california so much. $10 is usually the sale price here. But then again, I don't buy that at WF it's like 50% cheaper at target, I get impossible for $6 for 12 oz.
It's normally $10 at WF. $8 is the sale price FWIW
I 100% agree - run away from anything related to BofA or WF. Fidelity is excellent.
WF analyst says he expects parks to recover to pre-Covid levels in 2023...
Going all in on TVOG https://tvoginc.com/2022/01/turner-venture-group-announces-acquisition-agreement-of-hemp-cbd-company/?fbclid=IwAR1WF2-Qrra0L_Px0OECn3U0CIULuo2SBl4XVvx83eQazlt5N-WIy6hNdYY
https://tvoginc.com/2022/01/turner-venture-group-announces-acquisition-agreement-of-hemp-cbd-company/?fbclid=IwAR1WF2-Qrra0L_Px0OECn3U0CIULuo2SBl4XVvx83eQazlt5N-WIy6hNdYY Interesting
With bank charter they are literally printing money. Not much stopping them from being a digital version of BofA, WF, etc
i have been using wealthfront for almost 3 years, i think if i compare the portfolio return to simply just buy all into VTI/VOO for this year, then my WF portfolio would lose, but i still use it because when i started, i didnt know what to buy, and i did buy some weed stocks and disney but ended up losing, and when i used WF, they selected the portfolio according to the risk quiz that i took, they chose US, emerging, foreign, dividend growth stocks, and bonds, then i modified so that it goes heavy on VTI, QQQ, removed the bond, also the tax loss harvesting is pretty sweet, so far using it almost 3 years, that TLH pays itself and i have some extra
My Company 401K used to be serviced by Wells Fargo. Then WF sold their 401K business to Principal Financial. I found out that Principal allows you to direct 95% of the 401K balance to self directed brokerage account with Schwab and got really excited. And then I found out that I am restricted to just mutual funds on Schwab.......
You are an idiot, because the 6-digit loss you book this year will carry over and you can just deduct the gains next year if you don't want to close your WF trade right now.
[Making some lunch with the last of the WF dough.](https://imgur.com/a/6Fb4i6a) Going to try out the recipe I was linked for homemade in a few days. Looking forward to it!
FTDs galore. Can't ignore it. Possible NFT issuance for stockholders. NFT "dividend" issuance. Gamestop is a debtless, cash rich company that just got a fresh loan from WF.
I recommend JPM, MS, MA (if you consider it a financial stock), and whatever bank in your area you know and like. I don't own any C right now, but I'd consider it if I had the cash right now. Look at some regional banks to see if any stand out. Of the big banks, I'd avoid WF. They've done some scummy things in recent years. I'm no ESG investor but I do have standards.
Ford price targets updated by Barclays to $23 and WF to $25 this AM!
Ford price target upgraded by Barclays to $23 and WF to $25. Going to 22ish today, if not more. Hopefully stays under the 20.5$ wall for market open
No, it is not fragile. It is mostly well regulated now, and the dollar, EU, Yen and other major currencies are strong and stable. The dollar is up 5% this year and Bitcoin is down 17% for instance. Lesser currencies may not be stable, but those people in those countries should be into gold, dollars, real estate and blue chip stocks as a hedge, not cryptos. cryptos are essentially worthless especially since there are 15,000+ of them and China has already banned them all. 2008 happened because the GOP removed the regulatory guardrails and allowed banks to gamble with their clients money and even leverage it, creating "crypto like" illusionary assets like mortgage backed securities which were pumped and dumped by scammers. The same way crypto is being pumped and dumped, but at least the MBS's had some real value behind them, though the value of those properties was wildly overvalued. This is also similar to the Enron scam. Enron was the first to create an alt market for what was essentially thin air, like cryptos are. Research how they sold "band width futures" for instance, when they owned no band width rights. It was in effect the first digital marketplace, and the worst bankrupcy of the modern era Also, what happened when the banking system started to collapse? The Fed and Potus stepped in with congress and they backstopped it and fixed it. The money that was borrowed to backstop and save the economy was paid back with a profit within a year. In exchange for bailing out the auto industry for instance the government temporarily took huge chunks of stock. They later sold it for a big profit. Also while many lost their savings, regular bank deposits were insured by the FDIC, so the damage was limited to investors and retirement accounts, not ordinary depositers. Terrible but not as bad as it could have been. PLus, most stocks recovered fully. 2008 was also a tremendous buying opportunity. I owe my wealth to going all in with every dollar I had into Apple and Whole Foods stock at the pits of that collapse. If cryptos collapse, buying the dip will be very foolhardy because since cryptos do not represent anything in the real world like Apple and WF do, there is no book value and no bottom.
If you can use the money normal people use to feed themself and pay for shelter its effectivly your parents who put that money into WF not you. Its fine but dont pretend like you arent privleged. The biggest cost people have is food and shelter and removing those costs makes its unmessureably easier to save money. You arent some self made teenager when your parents pay for most of your costs.
Do you mean WFC instead of WF?
> good "ish" reputations This is not true at all about Wells Fargo. Go to any thread in /r/personalfinance about Wells Fargo and all the top comments will be something like, “stop using Wells Fargo.” Now my own personal experience with WF: when I was a poor student they re-ordered my debit transactions to maximize overdraft fees. They were taken to court over this practice and lost.
Read the wiki about the [WF account fraud scandal](https://en.m.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal#Wells_Fargo_costs). They got their peepee smacked real hard, and have not been allowed to manage more than $1.92 trillion in assets ever since.
Whole Foods is not as expensive as you think. I just went into my local CTown to compare meat and produce prices and they were virtually the same. I’m not saying WF doesn’t have loads of overpriced stuff I would never buy ($10 box of non-GMO gummy bears), but in terms of staples I think they are not so bad. Usually good quality meat and veg too, compared to your average shitty grocery store
Mmmh this analyst from WF giving CGC a price target of 8USD out of the blue is pretty amazing
Buying Visa. Similar move I made a year ago buying WF
Well even delusional reasoning gotta have some reasons behind it. I get why he’s peddling it. Basically it comes down to WF doesn’t have to compete with the big banks because of their core business. Their size is also bigger than your average regional bank. So this does make sense on why their scandals affected so many small customers. I think it also shows just how much pressure WF is under to get that retail business model to work well. To me that shows how fragile the strategy is.
Top holding Wells Fargo? What moat does WF have?
Good video about Mungers view on China. https://youtu.be/WF9bN4AscwA
Happy Thanksgiving! Quick question: I transferred $6,000 from my savings account (Wells Fargo) to my Roth IRA (Fidelity). The whole 6,000 came out of my WF account and Fidelity received my whole $6,000—but i only had 5,905.01 available to trade. Did one of those institutions take a fee, or is there something else going on? Thanks to anyone who can answer!
Sage advice and a good perspective on WF. As stated, I don't really pay WF for anything as I have such high "managed for free" rewards from referrals but it definitely makes senses that dividend ETFs would be used to mitigate risk of straight equities/commodities.