Mount Everest Financial Institute

https://www.youtube.com/user/Mounteverestfinancia

 

 

Gay Goat,

Sounds like you and I do the same about trading, taking care of wife and the kid,  and keep in touch.  I can do teleconference on the You Tube show with you. 

Mount Everest Financial Instiute, LLC is just registered in April.  It is not brokerage instiute, and I do not charge any commission.  Only premium I charge is classroom training I provide to my students in the classroom.

Take care. 

Wheel

What are you tryin to show?  Since your the pro analyst let me ask u a simple question what is profit and loss? How come 18cents loss is profit. It doesnt mean that it beat analyst expectation and its profit. Imagine these stocks without mark to market.......Do you really think we r seein a clear picture?

i am sure financial will hold to XLF $12 and then we are heading toward 5500

Well, for $145,000 profit, the investment should be worth $270,000. As for others thinking of investing in the range of $100, its not so much of a profit is it? You do need to take account of broker commission plus the capital gains tax on your profit which might land you with a bill of 50% or more if you are high earner. Again if you want the share certificate to be issued there are further charges and holding the shares electronically might incur further interest costs if it is leveraged investement. To make things more clear you do need accounting and I am proud to be an accountant. Do give clear advice otherwise, people might fall into an abyss of financial crisis for which you might be responsible. That's why me and my mates only invest in shares after careful analysis. Don't want to lose all your money by investing in companies like lehman or Madoff's ponzi scheme do we? As for me I will wait for several months more before investing in Banks even though that might mean lot less profit if the shares do rise significantly over the period.

Incredible....not sure I agree with you there.   To Wheel's point, the capital gain's tax in the US is 15%.  And there is negligible cost for self-directed transactions.

Batman,

Good point.  However, you will be able to deduct expenses when you have LLC in the US.  And even after expenses and taxes income could be lucrative for some people, who likes taking risk.  Yes, you are right about scams and schemes people may pull on you, so you have to be careful. I on the other hand trade my own money, but some of my friends and family have asked me to trade for them.  Keep in touch.  I am coming to UK in May.   

 

Inpeace,

Good point.  For novice investor the picture is never clear, and again you are right there have been change in mark to market rule by SEC after massive losses financial institutes were showing.  So, the whole market is going through a major transition.  If we are not in recession people would not have been frearful, and fearful causes panic, and that is what we are seeing in the market.  That is why I am not exiting Citi eventhough it plummeted after quarterly report.  From my experience, people are just reacting, and Citi share will come up, and I will exit and take profit around $5.10.  Loss on the other hand is to shareholder's dividend, but the company made money.  Good point.  Keep your thoughts coming and keep writing and reading you will get it, and that is what I teach in my classroom.

P.S. AIG is RISKY, but could be profitable in near future.  I do not own AIG.

Ok as I told you, I can't be so sure of about regualtions in US and tax rates. But don't entice people into investing just by showing the profit, inform them where you have made a loss as well. We concentrate on high risk shares traded on AIM which is part of FTSE but with shares of smaller and high risk companies but over the last six months we've had clients losing millions on their purchase so you need to be extra vigilant with high risk shares as bank shares at the moment. Do remember that Citi has taken substantial funds from government. If it were doing extremely well there would have been no need for that and also as I told you, the accounting rules in US has been relaxed to bring back confidence of investors.

Batman,

I am aware of the SEC relaxing mark to market rule, watch my video, where I do mention about this issue.  I have seen market going up and down since I started to get invole in stocks since 1986.  Thanks for the headsup though.  Keep those thoughts coming!  Others may benefit from your knowledge and that is the whole point of my Mount Everest Financial Institute, LLC.

This is what I mean by risk taken from one of other threads

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Hey dikush--        are you aware of ggp(one of your hot stock) filed bankruptcy..? Thanks

Wheel

I am asking you something else and your answer is something else...... Bank of America and Citi there market value is way less than what they receive from government (TARP fund). That means they are already bankrupt so how do you explain someone on this ?

 

They will kill AIG once they get that bill pass.....CITI AIG FRE FNM GM these are systematic risk that is why they are there but I am not sure for how long

Again if you try to evaluate Citi share price using free cashflow model, which I haven't done yet, I'm quite sure that they are overpriced at the moment. Profit doesn't mean the company will survive, its the cashflow that is lifeblood of a company. For me, I would suggest people to invest in discount retailers in the time of recession.

I agree...any dollar store is good...

True, discount retailers are doing good, but their stocks are also down and Wal-Mart also plummetted with the rest of the stocks today. 

Ok that's my day in the office. Hope the guys reading the thread were not put off in investing in the stock market with my comments. Trading in stock market is good but when approached with caution and it earns me my bread and butter. For me I will ask the novice investors to wait for another five to six months before putting money into high risk shares. Let the market stabilise, at the moment it seems like a deadcat bounce. I might be wrong here but if you are professional investor, you would never come to this forum for advice. Have a nice weekend people.

 

Inpeace,

Keep in mind market goes up and down.  During the boom you can pay for 1 share of stock around $25, and during recession for $1.  That is why mark to market rule came into play, and government is also taking big risk by printing money hoping the value would stay the same when helping financial institution.  So, yes government could fail, and yes Citi and BAC could fail.  But everyone including US government is betting on that the market will rise, and make profit in the future.  So far in history, according to Federal Reserve government has not lost money while investing in financial institutions.    

I bet on Citi because I knew they would be profitable.  They are getting money from the government for almost zero percent interest and they are charging us 5-25% on the loans and credit cards to the consumers.  If you study Pandit's history, he was very successful investors, and also he holds PhD degree in finance, and I knew they would make money from trading business.  I also took the SEC mark to market rule relaxation in account as well as an information leak from city in March that they were profitable.  Having all that information in your hand and studying the chart for technical analysis, I would be fool not to invest and profit. 

I hope this answer your question. 

 

 

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I agree with inpeace.
Look at the 50 day moving VWAP, the price just touched it. You can see that the VWAP has been providing support quite a few times since the rally started. If it crosses below 3.60, the only direction I see this stock heading is down. Wheel, I don't think you will hit 5.10 in the near future at all.