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25d06/22

Question about $SSPC: how does it work?

As many of you know, it's something like a "2x Short SPCX Daily ETF" . I was looking at it, and noticed that if $SPCX was down x%, $SSPC was up 2*x%, almost exactly. How are they able to achieve this? I'm just wondering what the mechanics of this fund are. And if one were bearish on $SPCX and buy $SSPC, is it safe to hold it for a period of time (months)? Or should one get in/out every day, since the name says "Daily". submitted by /u/siskyouthrowaway [link] [comments]

Socialunclassifiedusa
25d06/22

Malaysia’s nationwide diesel subsidy gets citizens all pumped up

Malaysian consumers and small business owners have welcomed the government’s decision to introduce subsidised diesel at 2.10 ringgit (50 US cents) per litre (0.3 gallons) nationwide from July 1, although some are seeking greater clarity on fuel allocations under the MyKad-based scheme. Malaysian Tamilan Tow Truck Association president Matheva­anan Mohanaraja said the effectiveness of the initiative would ultimately depend on how much subsidised diesel each identity card holder was entitled to...

unclassifiedchina · asia
25d06/22

#002 | About the Pension Commission, the 29th closure of Hormuz & SpaceX

Good morning from the bed tent! It's that time again, the language lab is presenting its latest invention. This week, for the first time, we're taking you on a journey into the intersection between r/Finanzen, r/Aktien and r/wallstreetbets with a community episode with various users of the German Reddit financial communities! Including thoughts on German pension news, headlines from Anthropic's latest models & the aftermath of SpaceX's mega IPO - listen in, let's w

Socialunclassifiedgermany · europe
25d06/22war-conflict · 1/5

How to really execute the core and satellite strategy?

I’ve been researching the core-and-satellite investment strategy and feel it aligns well with my risk tolerance. For those of you currently executing this framework, I have a few practical questions regarding allocation and rebalancing: - What does your satellite allocation look like? Are individual stock picks generally too complex for retail investors? Right now, my satellites consist mostly of sector ETFs, along with very small LEAPS call positions when I feel strongly about a specific compan

Socialunclassifiedusa
25d06/22

Has anyone else become “addicted” to investing?

I’m 21 in college with a paid year long internship, and bc of scholarships I’ve been very lucky with avoiding any college costs and loan debt for the future. Because of this, I almost invest ALL of the money I make from my internship into individual stocks and index funds. Of course I’ll eat out and spend some money every now and then, but I’d say that’s less than 1% of where my money goes to. I even get these sudden urges to pull hundreds and even thousands out my checkings and transferring it

Socialunclassifiedusa
25d06/22war-conflict · 3/5

Blast at Qatar gas facility leaves at least 54 hurt, 18 missing

An explosion tore through Qatar’s key natural gas export terminal Sunday night as workers tried to resume operations there after Iran bombed it during the war, causing a fire that hurt at least 54 people as another 18 were still missing hours later. The blast at the Ras Laffan industrial area could cause further chaos in global energy markets, particularly as Qatar remains one of the world’s top natural gas producers. Qatar shut down its production after Iran’s chokehold on the Strait of Hormuz.

unclassifiedchina · asia · usa
25d06/22

Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar

The market capitalisation of Hong Kong-listed artificial intelligence pioneer Zhipu AI surpassed HK$1 trillion (US$128 billion) on Monday, fuelled by investor optimism as the company goes head-to-head with its American rivals. Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980. The surge follows the release of Zhipu’s open-source GLM-5.2 model last week. Featuring a massive 1-million-token context...

unclassifiedchina · asia · usa
25d06/22

Hong Kong’s Tai Po fire probe rules out statutory powers, says evidence sufficient

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. A judge-led panel investigating Hong Kong’s deadliest fire in decades has resumed its public inquiry after a six-week break to hear expert evidence on the cause of the blaze that killed 168 people last year. The independent committee probing the Wang Fuk Court inferno began its fifth round of hearings on Monday, with three government experts scheduled to give

unclassifiedchina · asia · uk
26d06/22

I don't trust where the economy is going. So I'm trying something new.

I have lowered my 10% of salary 401k monthly investment at my salaried, secure job by about half. I've taken out a personal loan for 25k that has a payment that roughly equals that same amount. I then purchased a distressed property outright- 15K land / property purchase with 10k left to start a major reconstruction. After about a year of work, I will take out a mortgage on the property, pay off the personal loan and have about $30k (conservatively) remaining to complete my build. By the conclus

Socialunclassifiedusa
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