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dessyag

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2021-04-07

wow

抱歉，原内容已删除

2021-02-23

TESLA is going down

抱歉，原内容已删除

2021-02-17

like pls. thank you

Apple iCar Speculation Continues. How Tech and Auto Analysts See the Car.<blockquote>苹果 iCar 猜测仍在继续。科技和汽车分析师如何看待汽车。</blockquote>

2021-02-03

Diamond hand!

Gamestop, silver spot down, "farce" is slowly ending?<blockquote>游戏驿站，白银现货下跌，“闹剧”正在慢慢结束？</blockquote>

2021-02-19

to the moon!

GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>

2021-02-15

oknoted

Best Stocks To Buy For 2021? 4 Fintech Stocks To Watch<blockquote>2021 年最值得购买的股票？4 只值得关注的金融科技股</blockquote>

2021-03-12

noted

US Daylight Saving Time<blockquote>美国夏令时</blockquote>

2021-03-04

wow

抱歉，原内容已删除

2021-02-18

index fund shouldnt

Index funds don’t buy IPOs but here’s why they should<blockquote>指数基金不买 IPO，但原因如下</blockquote>

2021-02-17

noted

How to Generate Income on Your Coca-Cola Stock<blockquote>如何利用可口可乐股票创收</blockquote>

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is coming....roaaaar....","listText":"bear is coming....roaaaar....","text":"bear is coming....roaaaar....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353562927","repostId":"1153771573","repostType":4,"repost":{"id":"1153771573","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616506331,"share":"https://www.laohunote.com/m/news/1153771573?lang=zh_CN&edition=full","pubTime":"2021-03-23 21:32","market":"us","language":"en","title":"S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.<blockquote>随着牛市满一周年，标普500小幅下跌，纳斯达克持平。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153771573","media":"Tiger Newspress","summary":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as invest","content":"<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p><blockquote>美国股市周二下跌，一年前，从大流行低点开始的牛市开始，因为投资者在将从经济重新开放中受益最大的股票中获利了结。</blockquote></p><p>The S&amp;P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><blockquote>标普500下跌0.2%，道琼斯工业平均指数下跌104点。以科技股为主的纳斯达克综合指数交易价格接近持平线。</blockquote></p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p><blockquote>嘉年华和挪威邮轮公司的股价均下跌超过1%。美国航空和联合航空各下跌约2%。实体零售商Gap也小幅下跌。</blockquote></p><p>ViacomCBS, one of the top performers in the S&amp;P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p><blockquote>维亚康姆哥伦比亚广播公司是自大流行低点以来标普500表现最好的公司之一，在表示将提供更多股票出售后，该公司下跌了 3%。自去年3月以来，该股已上涨超过700%。</blockquote></p><p>Tuesday marks the&nbsp;one-year anniversary of the market's bottom&nbsp;as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&amp;P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p><blockquote>周二是市场触底一周年纪念日，冠状病毒大流行导致股市以有记录以来最快的速度暴跌 30%。自 3 月 23 日低点以来，标普500和道琼斯指数均上涨超过 75%。纳斯达克综合指数上涨超过 90%，而罗素 2000 指数则飙升 126%。</blockquote></p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>LPL Financial 首席市场策略师瑞安·德特里克 (Ryan Detrick) 指出：“现在情况又回到了原点，股市上演了疯狂的反弹，随着经济以创纪录的速度复苏，全球各地都创下了新高。”</blockquote></p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p><blockquote>“这轮牛市有一个惊人的开端，但重要的是要记住它还很年轻。虽然在强劲牛市的这个阶段，波动性加剧是正常的，但我们认为合适的投资者可能需要考虑逢低买入。疫苗分发、财政和货币刺激以及强劲的经济复苏都让我们充满信心，”他补充道。</blockquote></p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that&nbsp;AstraZeneca&nbsp;may have included&nbsp;outdated information&nbsp;in trial results&nbsp;of its Covid-19 vaccine.</p><p><blockquote>在大流行方面，美国卫生机构周二表示担忧，阿斯利康可能在其新冠肺炎疫苗的试验结果中包含了过时的信息。</blockquote></p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of&nbsp;new cases is increasing in 21 states&nbsp;as highly infectious variants spread and governors relax restrictions on businesses.</p><p><blockquote>美国每天注射约250万剂Covid疫苗。然而，随着高传染性变种的传播和州长放松对企业的限制，21个州的新病例数量正在增加。</blockquote></p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&amp;P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p><blockquote>道琼斯指数周一收盘上涨103点，涨幅为0.32%。标普500打破两日连跌，上涨0.7%。纳斯达克综合指数表现相对优异，六年来第五个交易日上涨 1.23%。</blockquote></p><p>The gains came as the&nbsp;10-year Treasury&nbsp;yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p><blockquote>此次上涨正值 10 年期国债收益率在上周触及 14 个月高点后回落之际。10年期国债收益率周二再次下跌，但这未能提振股票期货。</blockquote></p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p><blockquote>“瑞银全球财富管理公司首席投资官马克-海费勒（Mark Haefele）指出：”虽然收益率上升造成了波动，但我们预计这不会破坏股市的涨势。“我们认为，收益率上升反映了增长乐观情绪和对通胀上升的预期。”</blockquote></p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p><blockquote>周二，美联储主席杰罗姆·鲍威尔和财政部长珍妮特·耶伦将首次联合出席美国众议院金融服务委员会。讨论将集中在对财政部和美联储大流行病应对措施的监督上。</blockquote></p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p><blockquote>鲍威尔在听证会前发表的事先准备好的讲话中指出，复苏正在加速，但他补充说，复苏还有很长的路要走。</blockquote></p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p><blockquote>“经济复苏的进展比普遍预期的要快，而且看起来还在加强。这在很大程度上要归功于前所未有的财政和货币政策行动.....这些行动为家庭、企业和社区提供了必要的支持，”他在准备好的评论中说。</blockquote></p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p><p><blockquote>“他补充说：”但复苏还远未完成，因此，在美联储，我们将继续为经济提供所需的支持。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.<blockquote>随着牛市满一周年，标普500小幅下跌，纳斯达克持平。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.<blockquote>随着牛市满一周年，标普500小幅下跌，纳斯达克持平。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-23 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p><blockquote>美国股市周二下跌，一年前，从大流行低点开始的牛市开始，因为投资者在将从经济重新开放中受益最大的股票中获利了结。</blockquote></p><p>The S&amp;P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><blockquote>标普500下跌0.2%，道琼斯工业平均指数下跌104点。以科技股为主的纳斯达克综合指数交易价格接近持平线。</blockquote></p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p><blockquote>嘉年华和挪威邮轮公司的股价均下跌超过1%。美国航空和联合航空各下跌约2%。实体零售商Gap也小幅下跌。</blockquote></p><p>ViacomCBS, one of the top performers in the S&amp;P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p><blockquote>维亚康姆哥伦比亚广播公司是自大流行低点以来标普500表现最好的公司之一，在表示将提供更多股票出售后，该公司下跌了 3%。自去年3月以来，该股已上涨超过700%。</blockquote></p><p>Tuesday marks the&nbsp;one-year anniversary of the market's bottom&nbsp;as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&amp;P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p><blockquote>周二是市场触底一周年纪念日，冠状病毒大流行导致股市以有记录以来最快的速度暴跌 30%。自 3 月 23 日低点以来，标普500和道琼斯指数均上涨超过 75%。纳斯达克综合指数上涨超过 90%，而罗素 2000 指数则飙升 126%。</blockquote></p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>LPL Financial 首席市场策略师瑞安·德特里克 (Ryan Detrick) 指出：“现在情况又回到了原点，股市上演了疯狂的反弹，随着经济以创纪录的速度复苏，全球各地都创下了新高。”</blockquote></p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p><blockquote>“这轮牛市有一个惊人的开端，但重要的是要记住它还很年轻。虽然在强劲牛市的这个阶段，波动性加剧是正常的，但我们认为合适的投资者可能需要考虑逢低买入。疫苗分发、财政和货币刺激以及强劲的经济复苏都让我们充满信心，”他补充道。</blockquote></p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that&nbsp;AstraZeneca&nbsp;may have included&nbsp;outdated information&nbsp;in trial results&nbsp;of its Covid-19 vaccine.</p><p><blockquote>在大流行方面，美国卫生机构周二表示担忧，阿斯利康可能在其新冠肺炎疫苗的试验结果中包含了过时的信息。</blockquote></p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of&nbsp;new cases is increasing in 21 states&nbsp;as highly infectious variants spread and governors relax restrictions on businesses.</p><p><blockquote>美国每天注射约250万剂Covid疫苗。然而，随着高传染性变种的传播和州长放松对企业的限制，21个州的新病例数量正在增加。</blockquote></p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&amp;P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p><blockquote>道琼斯指数周一收盘上涨103点，涨幅为0.32%。标普500打破两日连跌，上涨0.7%。纳斯达克综合指数表现相对优异，六年来第五个交易日上涨 1.23%。</blockquote></p><p>The gains came as the&nbsp;10-year Treasury&nbsp;yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p><blockquote>此次上涨正值 10 年期国债收益率在上周触及 14 个月高点后回落之际。10年期国债收益率周二再次下跌，但这未能提振股票期货。</blockquote></p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p><blockquote>“瑞银全球财富管理公司首席投资官马克-海费勒（Mark Haefele）指出：”虽然收益率上升造成了波动，但我们预计这不会破坏股市的涨势。“我们认为，收益率上升反映了增长乐观情绪和对通胀上升的预期。”</blockquote></p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p><blockquote>周二，美联储主席杰罗姆·鲍威尔和财政部长珍妮特·耶伦将首次联合出席美国众议院金融服务委员会。讨论将集中在对财政部和美联储大流行病应对措施的监督上。</blockquote></p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p><blockquote>鲍威尔在听证会前发表的事先准备好的讲话中指出，复苏正在加速，但他补充说，复苏还有很长的路要走。</blockquote></p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p><blockquote>“经济复苏的进展比普遍预期的要快，而且看起来还在加强。这在很大程度上要归功于前所未有的财政和货币政策行动.....这些行动为家庭、企业和社区提供了必要的支持，”他在准备好的评论中说。</blockquote></p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p><p><blockquote>“他补充说：”但复苏还远未完成，因此，在美联储，我们将继续为经济提供所需的支持。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153771573","content_text":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.The S&P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.ViacomCBS, one of the top performers in the S&P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.Tuesday marks the one-year anniversary of the market's bottom as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.On the pandemic front, a U.S. health agency expressed concern Tuesday that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine.The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses.The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.The gains came as the 10-year Treasury yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322911384,"gmtCreate":1615766566048,"gmtModify":1703492587532,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"nope","listText":"nope","text":"nope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322911384","repostId":"2118630979","repostType":4,"isVote":1,"tweetType":1,"viewCount":2596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328298274,"gmtCreate":1615527080998,"gmtModify":1703490458871,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"noted","listText":"noted","text":"noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328298274","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohunote.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Daylight Saving Time<blockquote>美国夏令时</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321620929,"gmtCreate":1615430422161,"gmtModify":1703488949698,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"short term?","listText":"short term?","text":"short term?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321620929","repostId":"2118960545","repostType":4,"isVote":1,"tweetType":1,"viewCount":2106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320789345,"gmtCreate":1615177299087,"gmtModify":1703485238183,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"roblox? wow didnt know they can make so much money","listText":"roblox? wow didnt know they can make so much money","text":"roblox? wow didnt know they can make so much money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320789345","repostId":"2117651365","repostType":4,"isVote":1,"tweetType":1,"viewCount":3528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320123995,"gmtCreate":1615045886817,"gmtModify":1703484426922,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"profit taking","listText":"profit taking","text":"profit taking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320123995","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohunote.com/m/news/1169596583?lang=zh_CN&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-05 23:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":2179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364583989,"gmtCreate":1614864517841,"gmtModify":1703482157009,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/364583989","repostId":"1104042346","repostType":4,"isVote":1,"tweetType":1,"viewCount":3643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365264534,"gmtCreate":1614747892128,"gmtModify":1703480608477,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"BTC! BTC! BTC!","listText":"BTC! BTC! BTC!","text":"BTC! BTC! BTC!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365264534","repostId":"1169386190","repostType":4,"repost":{"id":"1169386190","kind":"news","pubTimestamp":1614743782,"share":"https://www.laohunote.com/m/news/1169386190?lang=zh_CN&edition=full","pubTime":"2021-03-03 11:56","market":"us","language":"en","title":"Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票名单？4个要知道的名字</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169386190","media":"Nasdaq","summary":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong","content":"<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress</p><p><blockquote>这些是你观察名单上最好的加密货币股票吗？赞助链接在香港买床垫？查看我们的购物指南凯勒床垫</blockquote></p><p> <b>Cryptocurrencies</b>have and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?</p><p><blockquote><b>加密货币</b>即使进入三月，这仍然是一个热门话题。因此，希望从这一趋势中获利的投资者纷纷涌向顶级加密货币股票。这要归功于比特币的迅速崛起。因此，像 Marathon Digital Holdings（纳斯达克股票代码：MARA）这样开采比特币的公司现在备受关注。现在掀起波澜的其他加密货币包括以太币和狗狗币，其价值今年迄今已翻了一番多。特别是，由于特斯拉（纳斯达克股票代码：TSLA）首席执行官埃隆·马斯克的支持，后者今年迄今已上涨超过 1,000%。这些数字看起来令人印象深刻，是的，但真正的问题是加密货币在这个时代有多可行？</blockquote></p><p> According to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.</p><p><blockquote>据花旗银行（纽约证券交易所股票代码：C）称，比特币有朝一日可能 “成为国际贸易的首选货币”。显然，我们可以看到更多的主流公司开始采用加密货币作为一种合法的支付形式。例如，特斯拉上个月在收购价值15亿美元的比特币时透露了这样做的计划。另一家已经做出这种转变的大公司是微软（纳斯达克股票代码：MSFT）。与此同时，PayPal（纳斯达克股票代码：PYPL）等金融科技公司现在也促进了与比特币相关的交易。无论如何，鉴于该货币的波动性，投资者可能不太热衷于直接投资该货币。相反，他们会转向在比特币有经济利益的公司。好吧，如果你是其中之一，这里有四个可以考虑。</blockquote></p><p> Top Cryptocurrency Stocks To Watch This Week</p><p><blockquote>本周值得关注的热门加密货币股票</blockquote></p><p> <ul>  <li><b>Future FinTech Group Inc.</b>(NASDAQ: FTFT)</li>  <li><b>Riot Blockchain Inc.</b>(NASDAQ: RIOT)</li>  <li><b>SOS Limited</b>(NYSE: SOS)</li>  <li><b>MicroStrategy Inc.</b>(NASDAQ: MSTR)</li> </ul> <b>Future FinTech Group Inc.</b></p><p><blockquote><ul><li><b>未来金融科技集团公司。</b>（纳斯达克：FTFT）</li><li><b>暴动区块链公司。</b>（纳斯达克：暴动）</li><li><b>SOS有限公司</b>（纽约证券交易所代码：SOS）</li><li><b>微战略公司。</b>（纳斯达克：MSTR）</li></ul><b>未来金融科技集团公司。</b></blockquote></p><p> For starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.</p><p><blockquote>首先，未来金融科技是一家目前备受关注的加密货币公司。简而言之，它是一家领先的基于区块链的电子商务业务和金融科技服务提供商。该公司的主要业务包括基于区块链的网上商城平台、跨境电子商务平台和区块链项目孵化器。通过这一切，未来金融科技开发区块链技术和服务。</blockquote></p><p> If anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.</p><p><blockquote>如果说有什么不同的话，那就是该公司可能处于有利地位，可以从加密货币的日益普及中受益。因此，FTFT 股票价值今年迄今已上涨两倍多。除了行业整体上涨之外，该公司周末还发布了一项重大公告。</blockquote></p><p> Notably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?</p><p><blockquote>值得注意的是，未来金融科技透露，其与四川龙马电子科技（龙马）签署了协议。具体来说，该公司收购了龙马子公司四川泰科德供应链管理公司（Ticode）60%的股权。这有什么关系？Ticode 提供专注于供应链行业的金融服务。主要是在电子元件、技术服务和供应链数据管理方面。据首席执行官黄善春称，这将改善未来金融科技公司金融科技服务的价值链。鉴于所有这些，您会关注 FTFT 股票吗？</blockquote></p><p> <b>Riot Blockchain Inc.</b></p><p><blockquote><b>暴动区块链公司。</b></blockquote></p><p> Following that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.</p><p><blockquote>接下来，我们将关注总部位于科罗拉多州的比特币矿商 Riot。在某些情况下，该公司专注于构建、支持和运营区块链技术生态系统。它也是目前美国为数不多的在纳斯达克上市的比特币矿业公司之一。随着最近比特币的崛起，RIOT 股票也一直在下跌。目前，该公司股价在过去六个月中涨幅超过 1400%。然而，暴乱似乎不会很快放缓。</blockquote></p><p> Just last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.</p><p><blockquote>就在上个月，该公司发布了几项重要公告。首先，Riot 于 2 月 8 日任命 Jason Les 为新任首席执行官。Les拥有超过7年的比特币矿工和区块链技术工程师经验。诚然，此举是有道理的，因为 Riot 在过去一年中一直在扩大其比特币采矿能力。此外，该公司于 2 月 11 日从比特币挖矿技术公司比特大陆接收了 2,000 多名下一代加密货币矿工 (Antminers)。这进一步增强了公司的采矿能力，拥有超过 11,500 名蚂蚁矿工。</blockquote></p><p> Moreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?</p><p><blockquote>此外，该公司提到，它已经下了另外26,100台蚂蚁矿机的订单。这些将在2021年10月之前通过预定的每月发货来实现。据 Les 称，这意味着 Riot 仍按计划到 2021 年第四季度将当前的采矿能力提高两倍。鉴于公司目前的发展势头，您会将 RIOT stock 添加到您的观察名单中吗？</blockquote></p><p> <b>SOS Limited</b></p><p><blockquote><b>SOS有限公司</b></blockquote></p><p></p><p> SOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.</p><p><blockquote>SOS是一家新兴的基于区块链和大数据驱动的营销和解决方案提供商。与其他加密货币股票一起，SOS股票在昨天的盘中交易中上涨了40%以上。首先，SOS是加密货币领域的新玩家之一。目前，该公司正在努力推出其采矿基础设施。最重要的是，它计划为数字资产和加密货币开发保险和安全管理解决方案。与大多数资产一样，加密货币所有者需要一种保证物品安全的方法。鉴于 SOS 目前的发展轨迹，它可以帮助满足未来的这一需求。更不用说，该公司还通过其营销数据部门为几个蓬勃发展的终端市场提供服务。这些行业包括但不限于云计算、物联网和人工智能行业。</blockquote></p><p> In terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.</p><p><blockquote>在加密货币相关业务方面，SOS上周提供了其云加密挖矿中心的关键更新。周四，该公司透露，已与雷波洞水电站（雷波洞）达成最终协议。根据这项协议，Leibodong 将为 SOS 提供电力并安置其加密采矿设备，为期三年。在获得选址后，SOS 现在距离建立其云采矿业务又近了一步。</blockquote></p><p> Furthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?</p><p><blockquote>此外，该公司还宣布，它还收到了5000台额外的加密采矿钻机。时间会证明 SOS 一旦建立起来，是否能够充分利用其当前的采矿基础设施。目前，您会考虑关注SOS股票吗？</blockquote></p><p> <b>MicroStrategy Inc.</b></p><p><blockquote><b>微战略公司。</b></blockquote></p><p> Another cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.</p><p><blockquote>另一个备受关注的加密货币参与者是 MicroStrategy。总之，该公司提供商业智能和基于云的服务。但是，由于比特币储备不断增长，MSTR 的股票现在正在下跌。由于首席执行官迈克尔-塞勒（Michael Saylor）对加密货币的坚定信念，MicroStrategy 已成为许多加密货币投资者的首选。随后，这也解释了 MSTR 股票今年迄今为止涨幅超过 80%。特别是，在昨天上涨4%后，MicroStrategy再次购买了比特币。</blockquote></p><p> Diving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.</p><p><blockquote>该公司透露，它已经用1500万美元现金购买了328个比特币。总而言之，这使得 MicroStrategy 的比特币数量达到约 90,859 家，使其持有的比特币总额突破了 40 亿美元大关。再加上其早些时候对加密货币的 10 亿美元投资，我可以理解为什么加密投资者会热衷于投资 MSTR 股票。</blockquote></p><p> According to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?</p><p><blockquote>据塞勒称，该公司目前的储备是以约 21.86 亿美元的价格购买的。鉴于比特币目前的估值，这将使该公司的利润达到 20 亿美元左右。再加上其建立区块链分析团队的明显举措，可能对 MSTR 股票的未来发展来说是个好兆头。你会同意吗？</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票名单？4个要知道的名字</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMaking A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票名单？4个要知道的名字</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-03 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress</p><p><blockquote>这些是你观察名单上最好的加密货币股票吗？赞助链接在香港买床垫？查看我们的购物指南凯勒床垫</blockquote></p><p> <b>Cryptocurrencies</b>have and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?</p><p><blockquote><b>加密货币</b>即使进入三月，这仍然是一个热门话题。因此，希望从这一趋势中获利的投资者纷纷涌向顶级加密货币股票。这要归功于比特币的迅速崛起。因此，像 Marathon Digital Holdings（纳斯达克股票代码：MARA）这样开采比特币的公司现在备受关注。现在掀起波澜的其他加密货币包括以太币和狗狗币，其价值今年迄今已翻了一番多。特别是，由于特斯拉（纳斯达克股票代码：TSLA）首席执行官埃隆·马斯克的支持，后者今年迄今已上涨超过 1,000%。这些数字看起来令人印象深刻，是的，但真正的问题是加密货币在这个时代有多可行？</blockquote></p><p> According to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.</p><p><blockquote>据花旗银行（纽约证券交易所股票代码：C）称，比特币有朝一日可能 “成为国际贸易的首选货币”。显然，我们可以看到更多的主流公司开始采用加密货币作为一种合法的支付形式。例如，特斯拉上个月在收购价值15亿美元的比特币时透露了这样做的计划。另一家已经做出这种转变的大公司是微软（纳斯达克股票代码：MSFT）。与此同时，PayPal（纳斯达克股票代码：PYPL）等金融科技公司现在也促进了与比特币相关的交易。无论如何，鉴于该货币的波动性，投资者可能不太热衷于直接投资该货币。相反，他们会转向在比特币有经济利益的公司。好吧，如果你是其中之一，这里有四个可以考虑。</blockquote></p><p> Top Cryptocurrency Stocks To Watch This Week</p><p><blockquote>本周值得关注的热门加密货币股票</blockquote></p><p> <ul>  <li><b>Future FinTech Group Inc.</b>(NASDAQ: FTFT)</li>  <li><b>Riot Blockchain Inc.</b>(NASDAQ: RIOT)</li>  <li><b>SOS Limited</b>(NYSE: SOS)</li>  <li><b>MicroStrategy Inc.</b>(NASDAQ: MSTR)</li> </ul> <b>Future FinTech Group Inc.</b></p><p><blockquote><ul><li><b>未来金融科技集团公司。</b>（纳斯达克：FTFT）</li><li><b>暴动区块链公司。</b>（纳斯达克：暴动）</li><li><b>SOS有限公司</b>（纽约证券交易所代码：SOS）</li><li><b>微战略公司。</b>（纳斯达克：MSTR）</li></ul><b>未来金融科技集团公司。</b></blockquote></p><p> For starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.</p><p><blockquote>首先，未来金融科技是一家目前备受关注的加密货币公司。简而言之，它是一家领先的基于区块链的电子商务业务和金融科技服务提供商。该公司的主要业务包括基于区块链的网上商城平台、跨境电子商务平台和区块链项目孵化器。通过这一切，未来金融科技开发区块链技术和服务。</blockquote></p><p> If anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.</p><p><blockquote>如果说有什么不同的话，那就是该公司可能处于有利地位，可以从加密货币的日益普及中受益。因此，FTFT 股票价值今年迄今已上涨两倍多。除了行业整体上涨之外，该公司周末还发布了一项重大公告。</blockquote></p><p> Notably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?</p><p><blockquote>值得注意的是，未来金融科技透露，其与四川龙马电子科技（龙马）签署了协议。具体来说，该公司收购了龙马子公司四川泰科德供应链管理公司（Ticode）60%的股权。这有什么关系？Ticode 提供专注于供应链行业的金融服务。主要是在电子元件、技术服务和供应链数据管理方面。据首席执行官黄善春称，这将改善未来金融科技公司金融科技服务的价值链。鉴于所有这些，您会关注 FTFT 股票吗？</blockquote></p><p> <b>Riot Blockchain Inc.</b></p><p><blockquote><b>暴动区块链公司。</b></blockquote></p><p> Following that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.</p><p><blockquote>接下来，我们将关注总部位于科罗拉多州的比特币矿商 Riot。在某些情况下，该公司专注于构建、支持和运营区块链技术生态系统。它也是目前美国为数不多的在纳斯达克上市的比特币矿业公司之一。随着最近比特币的崛起，RIOT 股票也一直在下跌。目前，该公司股价在过去六个月中涨幅超过 1400%。然而，暴乱似乎不会很快放缓。</blockquote></p><p> Just last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.</p><p><blockquote>就在上个月，该公司发布了几项重要公告。首先，Riot 于 2 月 8 日任命 Jason Les 为新任首席执行官。Les拥有超过7年的比特币矿工和区块链技术工程师经验。诚然，此举是有道理的，因为 Riot 在过去一年中一直在扩大其比特币采矿能力。此外，该公司于 2 月 11 日从比特币挖矿技术公司比特大陆接收了 2,000 多名下一代加密货币矿工 (Antminers)。这进一步增强了公司的采矿能力，拥有超过 11,500 名蚂蚁矿工。</blockquote></p><p> Moreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?</p><p><blockquote>此外，该公司提到，它已经下了另外26,100台蚂蚁矿机的订单。这些将在2021年10月之前通过预定的每月发货来实现。据 Les 称，这意味着 Riot 仍按计划到 2021 年第四季度将当前的采矿能力提高两倍。鉴于公司目前的发展势头，您会将 RIOT stock 添加到您的观察名单中吗？</blockquote></p><p> <b>SOS Limited</b></p><p><blockquote><b>SOS有限公司</b></blockquote></p><p></p><p> SOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.</p><p><blockquote>SOS是一家新兴的基于区块链和大数据驱动的营销和解决方案提供商。与其他加密货币股票一起，SOS股票在昨天的盘中交易中上涨了40%以上。首先，SOS是加密货币领域的新玩家之一。目前，该公司正在努力推出其采矿基础设施。最重要的是，它计划为数字资产和加密货币开发保险和安全管理解决方案。与大多数资产一样，加密货币所有者需要一种保证物品安全的方法。鉴于 SOS 目前的发展轨迹，它可以帮助满足未来的这一需求。更不用说，该公司还通过其营销数据部门为几个蓬勃发展的终端市场提供服务。这些行业包括但不限于云计算、物联网和人工智能行业。</blockquote></p><p> In terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.</p><p><blockquote>在加密货币相关业务方面，SOS上周提供了其云加密挖矿中心的关键更新。周四，该公司透露，已与雷波洞水电站（雷波洞）达成最终协议。根据这项协议，Leibodong 将为 SOS 提供电力并安置其加密采矿设备，为期三年。在获得选址后，SOS 现在距离建立其云采矿业务又近了一步。</blockquote></p><p> Furthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?</p><p><blockquote>此外，该公司还宣布，它还收到了5000台额外的加密采矿钻机。时间会证明 SOS 一旦建立起来，是否能够充分利用其当前的采矿基础设施。目前，您会考虑关注SOS股票吗？</blockquote></p><p> <b>MicroStrategy Inc.</b></p><p><blockquote><b>微战略公司。</b></blockquote></p><p> Another cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.</p><p><blockquote>另一个备受关注的加密货币参与者是 MicroStrategy。总之，该公司提供商业智能和基于云的服务。但是，由于比特币储备不断增长，MSTR 的股票现在正在下跌。由于首席执行官迈克尔-塞勒（Michael Saylor）对加密货币的坚定信念，MicroStrategy 已成为许多加密货币投资者的首选。随后，这也解释了 MSTR 股票今年迄今为止涨幅超过 80%。特别是，在昨天上涨4%后，MicroStrategy再次购买了比特币。</blockquote></p><p> Diving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.</p><p><blockquote>该公司透露，它已经用1500万美元现金购买了328个比特币。总而言之，这使得 MicroStrategy 的比特币数量达到约 90,859 家，使其持有的比特币总额突破了 40 亿美元大关。再加上其早些时候对加密货币的 10 亿美元投资，我可以理解为什么加密投资者会热衷于投资 MSTR 股票。</blockquote></p><p> According to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?</p><p><blockquote>据塞勒称，该公司目前的储备是以约 21.86 亿美元的价格购买的。鉴于比特币目前的估值，这将使该公司的利润达到 20 亿美元左右。再加上其建立区块链分析团队的明显举措，可能对 MSTR 股票的未来发展来说是个好兆头。你会同意吗？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169386190","content_text":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress\nCryptocurrencieshave and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?\nAccording to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.\nTop Cryptocurrency Stocks To Watch This Week\n\nFuture FinTech Group Inc.(NASDAQ: FTFT)\nRiot Blockchain Inc.(NASDAQ: RIOT)\nSOS Limited(NYSE: SOS)\nMicroStrategy Inc.(NASDAQ: MSTR)\n\nFuture FinTech Group Inc.\nFor starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.\nIf anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.\nNotably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?\nRiot Blockchain Inc.\nFollowing that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.\nJust last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.\nMoreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?\nSOS Limited\nSOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.\nIn terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.\nFurthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?\nMicroStrategy Inc.\nAnother cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.\nDiving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.\nAccording to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you 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sugar","listText":"sugar sugar","text":"sugar sugar","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365944673","repostId":"1103406593","repostType":4,"isVote":1,"tweetType":1,"viewCount":877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361734310,"gmtCreate":1614261412830,"gmtModify":1634550416926,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"up up up","listText":"up up up","text":"up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361734310","repostId":"1169851865","repostType":4,"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363049149,"gmtCreate":1614086399681,"gmtModify":1634551237576,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"TESLA is going down","listText":"TESLA is going down","text":"TESLA is going down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/363049149","repostId":"1178144401","repostType":4,"isVote":1,"tweetType":1,"viewCount":1139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360983802,"gmtCreate":1613809844806,"gmtModify":1634552130203,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"nope. that's not the business model. if you consider as employee then the charges to customer will definitely increase and business model changed drastically.","listText":"nope. that's not the business model. if you consider as employee then the charges to customer will definitely increase and business model changed drastically.","text":"nope. that's not the business model. if you consider as employee then the charges to customer will definitely increase and business model changed drastically.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/360983802","repostId":"1194607255","repostType":4,"isVote":1,"tweetType":1,"viewCount":807,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360983016,"gmtCreate":1613809776935,"gmtModify":1634552130451,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"naaah","listText":"naaah","text":"naaah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360983016","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://www.laohunote.com/m/news/1161529893?lang=zh_CN&edition=full","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资队伍——你应该吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>“就像在拉斯维加斯一样，房子通常会赢，”加利福尼亚州圣地亚哥的财务顾问万斯·巴尔斯说，他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛 GS（-0.91%）将其机器人咨询服务 Marcus 限制为至少有 1000 万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少 1000 美元投资的人都可以使用与高盛一些最富有的客户使用的相同的交易算法，每年只需支付 0.35% 的咨询费。但投资专家表示，在搭上机器人投资列车之前，还有更多成本需要考虑。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“加利福尼亚州圣地亚哥的财务顾问万斯-巴尔斯（Vance Barse）说：”就像在拉斯维加斯一样，房子通常会赢。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>虽然 35 个基点的价格标签对高盛来说是 “亏损领先”，但他说，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“他说：”人们忘记了银行的最终生意是赚钱。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括 Vanguard、Fidelity 和 Schwab SCHW，+1.03%，以及 Betterment 和 Wealthfront 等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪人的费用会增加到1%或以上。行业出版物《Inside Information》对近 1,000 名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和 Betterment 提供的机器人顾问与 Robinhood 等机器人平台不同。前者建议投资组合专注于交易所交易基金，而 Robinhood 允许用户投资单个 ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是抢劫投资呢？把它想象成自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心司机把你引向错误的方向，你就不能轻易踩下刹车。如果您赶时间，想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好和期望的短期和长期回报等因素设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，通常收取不超过0.5%的年费，而人力投资顾问的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能会成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅-洛（Cynthia Loh）不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务拥有更多来自人类的投入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在 MarketWatch 上所写： “关于自动化投资的一个常见误解是，选择机器人顾问实质上意味着将资金控制权交给机器人。事实是，机器人解决方案结合了自动化组件和人工组件，在幕后运行。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以从 “一劳永逸”的投资方式中得到安慰，让市场自行其是。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet 的投资和退休专家蒂芙尼-林-贝尔福（Tiffany Lam-Balfour）说，这使得你更容易承受市场波动，因为你知道你不一定要一时冲动地做出买卖资产的决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“她说：”当你投资时，你不会想一直盯着市场看，然后说'哦，我需要摆脱困境'。“你想让专业人士帮你渡过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合”。</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会增加。即使你有世界上最优秀的理财顾问，你也不能指望这一点”。</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对年长投资者有吸引力。“退休后的规划和支付是很复杂的。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh 说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更精简、更便宜的投资方式，而机器人投资正好符合要求。他们很乐意让技术来处理投资者自己动手更难、更耗时的平凡活动，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>经常没有门可以敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。在大多数机器人投资平台上，您需要填写的简单问卷将收集有关您的年收入、理想退休年龄和您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>不过，它不会知道你是刚刚有了孩子，想开始为孩子以后的教育存钱，还是最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了，这个人会向谁寻求建议，该平台是否提供建议，如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化的投资建议，而提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，总部位于纽约市的财务咨询集团 Lifelaidout 的注册财务规划师罗杰-马（Roger Ma）说，机器人顾问不一定 “在管理资金时考虑到税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售累积亏损的资产。《工作你的钱，而不是你的生活》一书的作者马云说，传统顾问通常专门构建投资组合，以获得最节税的结果。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但对于机器人投资，为您进行的交易与为许多其他投资者进行的交易相同，这些投资者可能与您处于不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，但尤其是对初学者来说，它可能会 “使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“他说：”如果你只是想尝试一下，想感觉自己投资的是一个多元化的投资组合，我不会说绝对不要做机器人顾问。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金会选择单一基金进行投资，并根据投资目标随着时间的推移调整仓位。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人建议和人类建议。2015 年，MarketWatch 邀请了四位著名的机器人顾问和四位传统的有血有肉的机器人顾问，为一位假设的 35 岁、拥有 40,000 美元投资的投资者构建投资组合。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>结果也许让机器人顾问的批评者感到惊讶。Pinnacle Advisory Group 的研究总监迈克尔-基茨（Michael Kitces）在审查了结果后说，机器人的建议与人类顾问的建议 “没有太大不同”。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资队伍——你应该吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资队伍——你应该吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 19:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>“就像在拉斯维加斯一样，房子通常会赢，”加利福尼亚州圣地亚哥的财务顾问万斯·巴尔斯说，他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛 GS（-0.91%）将其机器人咨询服务 Marcus 限制为至少有 1000 万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少 1000 美元投资的人都可以使用与高盛一些最富有的客户使用的相同的交易算法，每年只需支付 0.35% 的咨询费。但投资专家表示，在搭上机器人投资列车之前，还有更多成本需要考虑。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“加利福尼亚州圣地亚哥的财务顾问万斯-巴尔斯（Vance Barse）说：”就像在拉斯维加斯一样，房子通常会赢。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>虽然 35 个基点的价格标签对高盛来说是 “亏损领先”，但他说，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“他说：”人们忘记了银行的最终生意是赚钱。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括 Vanguard、Fidelity 和 Schwab SCHW，+1.03%，以及 Betterment 和 Wealthfront 等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪人的费用会增加到1%或以上。行业出版物《Inside Information》对近 1,000 名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和 Betterment 提供的机器人顾问与 Robinhood 等机器人平台不同。前者建议投资组合专注于交易所交易基金，而 Robinhood 允许用户投资单个 ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是抢劫投资呢？把它想象成自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心司机把你引向错误的方向，你就不能轻易踩下刹车。如果您赶时间，想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好和期望的短期和长期回报等因素设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，通常收取不超过0.5%的年费，而人力投资顾问的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能会成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅-洛（Cynthia Loh）不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务拥有更多来自人类的投入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在 MarketWatch 上所写： “关于自动化投资的一个常见误解是，选择机器人顾问实质上意味着将资金控制权交给机器人。事实是，机器人解决方案结合了自动化组件和人工组件，在幕后运行。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以从 “一劳永逸”的投资方式中得到安慰，让市场自行其是。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet 的投资和退休专家蒂芙尼-林-贝尔福（Tiffany Lam-Balfour）说，这使得你更容易承受市场波动，因为你知道你不一定要一时冲动地做出买卖资产的决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“她说：”当你投资时，你不会想一直盯着市场看，然后说'哦，我需要摆脱困境'。“你想让专业人士帮你渡过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合”。</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会增加。即使你有世界上最优秀的理财顾问，你也不能指望这一点”。</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对年长投资者有吸引力。“退休后的规划和支付是很复杂的。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh 说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更精简、更便宜的投资方式，而机器人投资正好符合要求。他们很乐意让技术来处理投资者自己动手更难、更耗时的平凡活动，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>经常没有门可以敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。在大多数机器人投资平台上，您需要填写的简单问卷将收集有关您的年收入、理想退休年龄和您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>不过，它不会知道你是刚刚有了孩子，想开始为孩子以后的教育存钱，还是最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了，这个人会向谁寻求建议，该平台是否提供建议，如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化的投资建议，而提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，总部位于纽约市的财务咨询集团 Lifelaidout 的注册财务规划师罗杰-马（Roger Ma）说，机器人顾问不一定 “在管理资金时考虑到税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售累积亏损的资产。《工作你的钱，而不是你的生活》一书的作者马云说，传统顾问通常专门构建投资组合，以获得最节税的结果。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但对于机器人投资，为您进行的交易与为许多其他投资者进行的交易相同，这些投资者可能与您处于不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，但尤其是对初学者来说，它可能会 “使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“他说：”如果你只是想尝试一下，想感觉自己投资的是一个多元化的投资组合，我不会说绝对不要做机器人顾问。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金会选择单一基金进行投资，并根据投资目标随着时间的推移调整仓位。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人建议和人类建议。2015 年，MarketWatch 邀请了四位著名的机器人顾问和四位传统的有血有肉的机器人顾问，为一位假设的 35 岁、拥有 40,000 美元投资的投资者构建投资组合。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>结果也许让机器人顾问的批评者感到惊讶。Pinnacle Advisory Group 的研究总监迈克尔-基茨（Michael Kitces）在审查了结果后说，机器人的建议与人类顾问的建议 “没有太大不同”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387925690,"gmtCreate":1613712332510,"gmtModify":1634552540479,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"to the moon!","listText":"to the moon!","text":"to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/387925690","repostId":"1103921295","repostType":4,"repost":{"id":"1103921295","kind":"news","pubTimestamp":1613706165,"share":"https://www.laohunote.com/m/news/1103921295?lang=zh_CN&edition=full","pubTime":"2021-02-19 11:42","market":"us","language":"en","title":"GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103921295","media":"Marketwatch","summary":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressiona","content":"<p>  <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b>  YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO？也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间，一些观察家担心，许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团（Interactive Brokers Group）创始人兼董事长托马斯-彼得菲（Thomas Peterffy）表示，毫无疑问，这一 wasa 严重事件震撼了股市，使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上，这场交易风暴的关键人物之一的声明显示，年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫（Vlad Tenev）说：”与一些非常误导性和高度不知情的报道相反，我们看到的证据表明，我们的大多数客户都在进行长期投资。随着听证会的继续，他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道：”我们所看到的情况总体上与流行的备忘录不一致，这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者，他们在复杂的金融产品上投入大量资金，承担过大的风险，”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说，只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”，他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约，这可能比直接买入或卖出风险更高，回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题，他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说：”我们知道投资是严肃的，这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>（在游戏驿站事件发生之前，马萨诸塞州监管机构对 Robinhood 提起诉讼，指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。）</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘，游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何，特内夫的证词都让我们有趣地看到了最新的散户投资者是谁，以及他们向市场投入了多少资金。毕竟，在游戏驿站闹剧开始之前，散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查，55%的美国人直接拥有股票，而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁，一半的用户表示他们是首次投资者。根据 Tenev 的声明，账户规模中位数约为 240 美元，平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权，这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀（Barbara Roper）说，“考虑到 Robinhood 客户群的特点（不成比例的年轻、账户较小的首次投资者），我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词，Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明，9% 的用户是黑人，其他公司的这一比例为 3%，16% 是西班牙裔，而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所（Cato Institute）金融监管研究主任詹妮弗-舒尔普（Jennifer Schulp）作证说：”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说，散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学，这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出，FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示，他们的账户余额低于 500 美元，而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现，新投资者的种族更加多样化，17%的新投资者是黑人。民意调查显示，7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续，一些立法者质疑是否需要设置更多的护栏，而另一些立法者则表示，立法者不应屈尊于散户投资者，并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯（Maxine Waters）说：”许多美国人认为这个体系对他们不利，无论如何，华尔街总是会赢。“在这种情况下，许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望，考虑到许多散户投资者因系统波动而遭受的损失，许多人认为系统被操纵了，对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利（Patrick McHenry）说，游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说：”我认为，如果说我们从过去几周中学到了什么，那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说，政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外，让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔（Keith Gill），他是一位 34 岁的独立投资者，在网上拥有 “咆哮的小猫 ”这样的账号，他将自己在游戏驿站的投资变成了数百万美元。他告诉国会，他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说：”我会第一个承认投资股票和期权风险极大，人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法，他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average&nbsp;is up nearly 3% and the S&amp;P 500&nbsp;is up more than 4% in 2021.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨近 116%。2021年，道琼斯工业平均指数上涨近3%，标普500上涨超过4%。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 11:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b>  YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO？也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间，一些观察家担心，许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团（Interactive Brokers Group）创始人兼董事长托马斯-彼得菲（Thomas Peterffy）表示，毫无疑问，这一 wasa 严重事件震撼了股市，使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上，这场交易风暴的关键人物之一的声明显示，年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫（Vlad Tenev）说：”与一些非常误导性和高度不知情的报道相反，我们看到的证据表明，我们的大多数客户都在进行长期投资。随着听证会的继续，他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道：”我们所看到的情况总体上与流行的备忘录不一致，这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者，他们在复杂的金融产品上投入大量资金，承担过大的风险，”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说，只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”，他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约，这可能比直接买入或卖出风险更高，回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题，他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说：”我们知道投资是严肃的，这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>（在游戏驿站事件发生之前，马萨诸塞州监管机构对 Robinhood 提起诉讼，指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。）</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘，游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何，特内夫的证词都让我们有趣地看到了最新的散户投资者是谁，以及他们向市场投入了多少资金。毕竟，在游戏驿站闹剧开始之前，散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查，55%的美国人直接拥有股票，而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁，一半的用户表示他们是首次投资者。根据 Tenev 的声明，账户规模中位数约为 240 美元，平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权，这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀（Barbara Roper）说，“考虑到 Robinhood 客户群的特点（不成比例的年轻、账户较小的首次投资者），我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词，Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明，9% 的用户是黑人，其他公司的这一比例为 3%，16% 是西班牙裔，而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所（Cato Institute）金融监管研究主任詹妮弗-舒尔普（Jennifer Schulp）作证说：”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说，散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学，这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出，FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示，他们的账户余额低于 500 美元，而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现，新投资者的种族更加多样化，17%的新投资者是黑人。民意调查显示，7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续，一些立法者质疑是否需要设置更多的护栏，而另一些立法者则表示，立法者不应屈尊于散户投资者，并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯（Maxine Waters）说：”许多美国人认为这个体系对他们不利，无论如何，华尔街总是会赢。“在这种情况下，许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望，考虑到许多散户投资者因系统波动而遭受的损失，许多人认为系统被操纵了，对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利（Patrick McHenry）说，游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说：”我认为，如果说我们从过去几周中学到了什么，那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说，政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外，让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔（Keith Gill），他是一位 34 岁的独立投资者，在网上拥有 “咆哮的小猫 ”这样的账号，他将自己在游戏驿站的投资变成了数百万美元。他告诉国会，他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说：”我会第一个承认投资股票和期权风险极大，人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法，他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average&nbsp;is up nearly 3% and the S&amp;P 500&nbsp;is up more than 4% in 2021.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨近 116%。2021年，道琼斯工业平均指数上涨近3%，标普500上涨超过4%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1103921295","content_text":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.\n\nYOLO? Maybe not quite so.\nDuring the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.\nNo doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.\nBut at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.\n“Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.\n“What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.\nJust 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.\nIn the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.\n(Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)\nTenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.\nBut either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.\nFifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.\nThe median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.\nThe fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”\nRobinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.\n“Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.\nRetail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”\nShe pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.\nOne-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.\nThe survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.\nAs the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.\n“Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”\nThe GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.\n“I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”\nThe government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”\nOne of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.\n“I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”\nGameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384946613,"gmtCreate":1613610084932,"gmtModify":1634552967372,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"index fund shouldnt","listText":"index fund shouldnt","text":"index fund shouldnt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384946613","repostId":"1195476575","repostType":4,"repost":{"id":"1195476575","kind":"news","pubTimestamp":1613555269,"share":"https://www.laohunote.com/m/news/1195476575?lang=zh_CN&edition=full","pubTime":"2021-02-17 17:47","market":"us","language":"en","title":"Index funds don’t buy IPOs but here’s why they should<blockquote>指数基金不买 IPO，但原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195476575","media":"MarketWatch","summary":"How indexed mutual funds and ETFs can capture the powerful gains when a company goes public\nThe U.S.","content":"<p>How indexed mutual funds and ETFs can capture the powerful gains when a company goes public</p><p><blockquote>指数共同基金和 ETF 如何在公司上市时捕捉巨大收益</blockquote></p><p> The U.S. market for IPOs (initial public offerings) was red hot in 2020.&nbsp; Excluding special purpose acquisition vehicles, U.S. IPOs last year raised $83 billion in gross proceeds.&nbsp; The prices of these IPOs jumped during the initial day of trading by 36% on average.</p><p><blockquote>2020年，美国首次公开募股（IPO）市场火爆。不包括特殊目的收购工具，去年美国首次公开募股筹集了830亿美元的总收益。这些首次公开募股的价格在首个交易日平均上涨了36%。</blockquote></p><p> Despite these high returns, index funds — including mutual funds and exchange-traded funds — almost never bought IPOs at their initial offering price.&nbsp; Instead, index funds waited to buy IPO stocks until near the date on which they were added to the relevant index — typically at the end of a quarter within six months to a year after the IPO.</p><p><blockquote>尽管回报率很高，但指数基金——包括共同基金和交易所交易基金——几乎从未以首次发行价购买IPO股票。相反，指数基金等到IPO股票被纳入相关指数的日期附近才购买IPO股票——通常是在IPO后六个月到一年内的一个季度末。</blockquote></p><p> Yet as the index inclusion date nears for any IPO, its price typically surges in anticipation of a barrage of purchases — driving up the price that index funds must pay for that stock.&nbsp; For example, the price of Tesla&nbsp;spiked once it became likely that the company would be added to the S&amp;P500.</p><p><blockquote>然而，随着任何 IPO 的指数纳入日期临近，其价格通常会因预期会出现大量购买而飙升，从而推高指数基金必须为该股票支付的价格。例如，一旦特斯拉有可能被纳入标准普尔 500 指数，该公司的价格就会飙升。</blockquote></p><p> In this article, I outline the data from 2010 to 2018 about the high initial returns for IPOs as well as the concerns holding back index funds from buying IPOs before they are included in the index.&nbsp; Then, I make a path-breaking proposal — allowing any index fund that tracks the Russell 1000 Index&nbsp;to meet these concerns by early buying of IPOs if, and only if, they are large relative to the size of the index.</p><p><blockquote>在本文中，我概述了2010年至2018年关于首次公开募股高初始回报的数据，以及阻碍指数基金在首次公开募股被纳入指数之前购买首次公开募股的担忧。然后，我提出了一个开创性的建议——允许任何跟踪罗素1000指数的指数基金通过提前购买首次公开募股来解决这些问题，前提是它们相对于指数规模较大。</blockquote></p><p> Like many other studies,the study that I co-authored with two experts on indexing&nbsp;found high returns in IPO stock prices during the initial day of trading. After this initial day of trading, the study evaluated IPO returns by a measure known as the index-adjusted performance (IAP) — the difference between the total return of the security and the total return of the index from the closing price on the first day of trading to the closing price of any following day.&nbsp; For example, a positive IAP would signal that an IPO has outperformed the index from the close of the first day of trading until the date the IPO is included in the relevant index.</p><p><blockquote>与许多其他研究一样，我与两位指数化专家合著的这项研究发现，IPO股票价格在首日交易中回报率很高。在第一个交易日之后，该研究通过一种称为指数调整后的表现（IAP）的指标来评估IPO回报，IAP是证券的总回报与从交易日收盘价到随后任何一天收盘价的指数总回报之间的差额。例如，正的IAP将表明IPO从第一个交易日收盘到IPO被纳入相关指数之日的表现优于指数。</blockquote></p><p> The study calculated these two metrics of returns for all 932 U.S. IPOs offered in the nine years between January 2010 and December 2018.&nbsp; Of these 932 IPOs, 115 were included in the Russell 1000 within the first six months of trading.</p><p><blockquote>该研究计算了 2010 年 1 月至 2018 年 12 月这九年间所有 932 家美国 IPO 的这两个回报指标。在这 932 家 IPO 中，有 115 家在交易的前六个月内被纳入罗素 1000 指数。</blockquote></p><p> The study used the Russell 1000 because it includes 92% of the total market capitalization of all listed stocks in the U.S. equity market.&nbsp; The Russell 1000 contains the top 1000 publicly traded U.S. companies according to market capitalization.&nbsp; IPOs are considered for inclusion at the end of each quarter, strictly based on their market capitalization.</p><p><blockquote>这项研究使用了罗素1000指数，因为它包括了美国股市所有上市股票总市值的92%。罗素1000指数包含了市值排名前1000的美国上市公司。严格根据市值，在每个季度末考虑将首次公开募股纳入考量。</blockquote></p><p> The first-day return for these 115 IPOs was highly positive — 22% on average with a median gain of 10%. &nbsp;Similarly, looking at the IAP for these 115 IPOs included in the Russell 1000, the study found a positive trend — with an average IAP of 6.89% and median of 5.24% between the IPO and the index inclusion date.</p><p><blockquote>这 115 只 IPO 的首日回报率非常高——平均回报率为 22%，中位数涨幅为 10%。同样，通过查看罗素1000指数中包含的这115个IPO的IAP，该研究发现了一个积极的趋势——IPO和指数纳入日期之间的平均IAP为6.89%，中位数为5.24%。</blockquote></p><p> Both of these trends show that index funds could generate excess return by buying IPOs before they are added to the index.&nbsp; The greatest return could be realized by buying IPOs at the initial offering price and holding them through the index inclusion date.&nbsp; Index funds could also realize significant excess returns by buying IPOs after their first day of trading and holding them through the index inclusion date.</p><p><blockquote>这两个趋势都表明，指数基金可以通过在IPO被添加到指数之前购买它们来产生超额回报。最大的回报可以通过以首次发行价购买IPO并持有它们直到指数纳入日期来实现。指数基金也可以通过在IPO交易首日后购买IPO并持有它们直到指数纳入日期来实现显著的超额回报。</blockquote></p><p> <b>Risks in the returns</b></p><p><blockquote><b>回报风险</b></blockquote></p><p> Index funds would face several risks associated with such early purchases of IPOs.</p><p><blockquote>指数基金将面临与此类早期购买 IPO 相关的多种风险。</blockquote></p><p> First, and most importantly, no one knows which IPOs will be added to the index at the time of the IPO.&nbsp; An index fund might purchase an IPO stock that doesn’t get added to the index.&nbsp; In that event, the fund would have to sell the IPO stock, potentially at a loss. The price of the IPO stock would decline because there would no longer be the expectation that other index funds would be required to buy that stock when it is added to the index.</p><p><blockquote>首先，也是最重要的一点，没有人知道哪些 IPO 会在 IPO 时被纳入指数。指数基金可能会购买一只没有被纳入指数的 IPO 股票。在这种情况下，基金将不得不出售 IPO 股票，而且可能会亏本。IPO股票的价格将会下跌，因为当该股票被添加到指数时，将不再有其他指数基金需要购买该股票的预期。</blockquote></p><p> A second concern is that an index fund would not get a large enough allocation in an IPO to reflect the stock’s future position in the index — for example, when a popular tech company goes public.&nbsp;Even so, an index fund can still generate excess returns by buying more of such a stock on the day following an IPO and holding that stock until it is added to the index.</p><p><blockquote>第二个担忧是，指数基金在首次公开募股（IPO）中无法获得足够大的分配，以反映该股票未来在指数中的地位--例如，当一家受欢迎的科技公司上市时。即便如此，指数基金仍然可以在首次公开募股后的第二天买入更多此类股票，并持有该股票直到被纳入指数，从而产生超额回报。</blockquote></p><p> Third, since the index fund would be holding stocks that are not included in the index — at least for several months — the fund would experience tracking error.&nbsp; Tracking error occurs when the returns on an index fund portfolio differ materially from those of the index it is benchmarked against.&nbsp; But investors would probably not be overly concerned if the fund beat the index it was designed to track.</p><p><blockquote>第三，由于指数基金将持有未包含在指数中的股票——至少在几个月内——该基金将出现跟踪误差。当指数基金投资组合的回报与其基准指数的回报存在重大差异时，就会出现跟踪误差。但如果基金跑赢了它设计跟踪的指数，投资者可能不会过度担心。</blockquote></p><p></p><p> Of course, the prospectus of such an index fund would have to make clear that it would be buying stocks in the initial offerings of IPOs and after their first day of trading. The prospectus should also delineate the risks involved when the fund buys IPOs before they are included in the index.</p><p><blockquote>当然，此类指数基金的招股说明书必须明确表示，它将在首次公开募股（IPO）的首次发行中以及首日交易后购买股票。招股说明书还应描述基金在首次公开募股被纳入指数之前购买所涉及的风险。</blockquote></p><p> To mitigate the most important risk — that the IPO will not be included in the index — I recommend that index funds should purchase an IPO only if its expected weight in the Russell 1000 is relatively large. The expected weight equals the gross proceeds raised by the IPO, divided by the total freely traded float of stocks in the index. &nbsp; Since the Russell 1000 Index is composed of the top 1000 U.S. companies by market capitalization, the larger the IPO is relative to the index, the more likely that the IPO will be added to that index.</p><p><blockquote>为了减轻最重要的风险——IPO 不会被纳入指数——我建议指数基金只有在罗素 1000 指数中的预期权重相对较大时才购买 IPO。预期权重等于首次公开募股筹集的总收益除以指数中股票的自由交易流通量总额。由于罗素 1000 指数由市值排名前 1000 的美国公司组成，因此 IPO 相对于该指数规模越大，IPO 就越有可能被添加到该指数中。</blockquote></p><p> This strategy could be adapted to varying risk tolerances of index funds by adjusting the size threshold for early purchases of an IPO.&nbsp; In a conservative strategy, the index fund would purchase only IPOs with the largest expected weight in the index, since they are most likely to be included in the index.&nbsp; In a more aggressive strategy, by contrast, the size threshold for buying IPOs would be lower.</p><p><blockquote>这种策略可以通过调整早期购买IPO的规模门槛来适应指数基金的不同风险承受能力。在保守的策略中，指数基金将只购买指数中预期权重最大的IPO，因为它们最有可能被纳入指数。相比之下，在更激进的策略中，购买IPO的规模门槛会更低。</blockquote></p><p> The study examined three thresholds for risk appetite, defined in terms of the expected weight of the IPO in the index: 1.0 basis point for conservative; 0.75 basis point for pragmatic and 0.50 basis point for aggressive. (One basis point equals 1/100 of 1%)</p><p><blockquote>该研究考察了风险偏好的三个阈值，根据 IPO 在指数中的预期权重来定义：保守 1.0 个基点；务实为0.75个基点，激进为0.50个基点。（一个基点等于1%的1/100）</blockquote></p><p> The results, summarized in the table below, show that this strategy would have been successful at generating excess returns without significant risks during the period from 2010 through 2018.</p><p><blockquote>下表总结的结果表明，在2010年至2018年期间，该策略在没有重大风险的情况下成功产生超额回报。</blockquote></p><p> For example, 100% of the largest IPOs that would have been purchased under the conservative strategy during this period were added to the index within the first six months and generated excess returns above 15%.&nbsp; Under the aggressive strategy, 88% of the IPOs that would have been purchased during this period were included in the index within six months and generated excess returns of close to 17%.</p><p><blockquote>例如，在此期间，根据保守策略购买的最大IPO中，100%在前六个月内被纳入指数，并产生了超过15%的超额回报。根据激进策略，在此期间购买的88%的IPO在六个月内被纳入指数，并产生了接近17%的超额回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fc52461985f7a3ca10fac53ba2ccf05\" tg-width=\"1260\" tg-height=\"476\"></p><p><blockquote></blockquote></p><p> My recommendation is that an index fund based on the Russell 1000 buy relatively large IPOs in their initial offerings or, if necessary, immediately after their first day of trading. Although there is a modest risk that such IPOs will not subsequently be included in that index, the excess returns from this strategy outweigh the risks.</p><p><blockquote>我的建议是，基于罗素 1000 指数的指数基金在首次发行时购买相对较大的 IPO，或者如有必要，在第一天交易后立即购买。尽管此类首次公开募股随后不被纳入该指数的风险不大，但这种策略带来的超额回报超过了风险。</blockquote></p><p> I would not recommend that any index fund use this strategy to buy an IPO effected by merging a private company with a special acquisition vehicle.&nbsp;I also would not recommend this strategy for any index fund based on other indices where it is more difficult to predict when and whether IPO stocks will be included in the index, such as the S&amp;P 500, where stocks included are chosen by a committee.</p><p><blockquote>我不建议任何指数基金使用这种策略来购买通过将私营公司与特殊收购工具合并而产生的首次公开募股。我也不建议任何基于其他指数的指数基金采用这种策略，因为这些指数更难预测IPO股票何时以及是否会被纳入指数，例如标普500，纳入的股票是由一个委员会选择的。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Index funds don’t buy IPOs but here’s why they should<blockquote>指数基金不买 IPO，但原因如下</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndex funds don’t buy IPOs but here’s why they should<blockquote>指数基金不买 IPO，但原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-17 17:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>How indexed mutual funds and ETFs can capture the powerful gains when a company goes public</p><p><blockquote>指数共同基金和 ETF 如何在公司上市时捕捉巨大收益</blockquote></p><p> The U.S. market for IPOs (initial public offerings) was red hot in 2020.&nbsp; Excluding special purpose acquisition vehicles, U.S. IPOs last year raised $83 billion in gross proceeds.&nbsp; The prices of these IPOs jumped during the initial day of trading by 36% on average.</p><p><blockquote>2020年，美国首次公开募股（IPO）市场火爆。不包括特殊目的收购工具，去年美国首次公开募股筹集了830亿美元的总收益。这些首次公开募股的价格在首个交易日平均上涨了36%。</blockquote></p><p> Despite these high returns, index funds — including mutual funds and exchange-traded funds — almost never bought IPOs at their initial offering price.&nbsp; Instead, index funds waited to buy IPO stocks until near the date on which they were added to the relevant index — typically at the end of a quarter within six months to a year after the IPO.</p><p><blockquote>尽管回报率很高，但指数基金——包括共同基金和交易所交易基金——几乎从未以首次发行价购买IPO股票。相反，指数基金等到IPO股票被纳入相关指数的日期附近才购买IPO股票——通常是在IPO后六个月到一年内的一个季度末。</blockquote></p><p> Yet as the index inclusion date nears for any IPO, its price typically surges in anticipation of a barrage of purchases — driving up the price that index funds must pay for that stock.&nbsp; For example, the price of Tesla&nbsp;spiked once it became likely that the company would be added to the S&amp;P500.</p><p><blockquote>然而，随着任何 IPO 的指数纳入日期临近，其价格通常会因预期会出现大量购买而飙升，从而推高指数基金必须为该股票支付的价格。例如，一旦特斯拉有可能被纳入标准普尔 500 指数，该公司的价格就会飙升。</blockquote></p><p> In this article, I outline the data from 2010 to 2018 about the high initial returns for IPOs as well as the concerns holding back index funds from buying IPOs before they are included in the index.&nbsp; Then, I make a path-breaking proposal — allowing any index fund that tracks the Russell 1000 Index&nbsp;to meet these concerns by early buying of IPOs if, and only if, they are large relative to the size of the index.</p><p><blockquote>在本文中，我概述了2010年至2018年关于首次公开募股高初始回报的数据，以及阻碍指数基金在首次公开募股被纳入指数之前购买首次公开募股的担忧。然后，我提出了一个开创性的建议——允许任何跟踪罗素1000指数的指数基金通过提前购买首次公开募股来解决这些问题，前提是它们相对于指数规模较大。</blockquote></p><p> Like many other studies,the study that I co-authored with two experts on indexing&nbsp;found high returns in IPO stock prices during the initial day of trading. After this initial day of trading, the study evaluated IPO returns by a measure known as the index-adjusted performance (IAP) — the difference between the total return of the security and the total return of the index from the closing price on the first day of trading to the closing price of any following day.&nbsp; For example, a positive IAP would signal that an IPO has outperformed the index from the close of the first day of trading until the date the IPO is included in the relevant index.</p><p><blockquote>与许多其他研究一样，我与两位指数化专家合著的这项研究发现，IPO股票价格在首日交易中回报率很高。在第一个交易日之后，该研究通过一种称为指数调整后的表现（IAP）的指标来评估IPO回报，IAP是证券的总回报与从交易日收盘价到随后任何一天收盘价的指数总回报之间的差额。例如，正的IAP将表明IPO从第一个交易日收盘到IPO被纳入相关指数之日的表现优于指数。</blockquote></p><p> The study calculated these two metrics of returns for all 932 U.S. IPOs offered in the nine years between January 2010 and December 2018.&nbsp; Of these 932 IPOs, 115 were included in the Russell 1000 within the first six months of trading.</p><p><blockquote>该研究计算了 2010 年 1 月至 2018 年 12 月这九年间所有 932 家美国 IPO 的这两个回报指标。在这 932 家 IPO 中，有 115 家在交易的前六个月内被纳入罗素 1000 指数。</blockquote></p><p> The study used the Russell 1000 because it includes 92% of the total market capitalization of all listed stocks in the U.S. equity market.&nbsp; The Russell 1000 contains the top 1000 publicly traded U.S. companies according to market capitalization.&nbsp; IPOs are considered for inclusion at the end of each quarter, strictly based on their market capitalization.</p><p><blockquote>这项研究使用了罗素1000指数，因为它包括了美国股市所有上市股票总市值的92%。罗素1000指数包含了市值排名前1000的美国上市公司。严格根据市值，在每个季度末考虑将首次公开募股纳入考量。</blockquote></p><p> The first-day return for these 115 IPOs was highly positive — 22% on average with a median gain of 10%. &nbsp;Similarly, looking at the IAP for these 115 IPOs included in the Russell 1000, the study found a positive trend — with an average IAP of 6.89% and median of 5.24% between the IPO and the index inclusion date.</p><p><blockquote>这 115 只 IPO 的首日回报率非常高——平均回报率为 22%，中位数涨幅为 10%。同样，通过查看罗素1000指数中包含的这115个IPO的IAP，该研究发现了一个积极的趋势——IPO和指数纳入日期之间的平均IAP为6.89%，中位数为5.24%。</blockquote></p><p> Both of these trends show that index funds could generate excess return by buying IPOs before they are added to the index.&nbsp; The greatest return could be realized by buying IPOs at the initial offering price and holding them through the index inclusion date.&nbsp; Index funds could also realize significant excess returns by buying IPOs after their first day of trading and holding them through the index inclusion date.</p><p><blockquote>这两个趋势都表明，指数基金可以通过在IPO被添加到指数之前购买它们来产生超额回报。最大的回报可以通过以首次发行价购买IPO并持有它们直到指数纳入日期来实现。指数基金也可以通过在IPO交易首日后购买IPO并持有它们直到指数纳入日期来实现显著的超额回报。</blockquote></p><p> <b>Risks in the returns</b></p><p><blockquote><b>回报风险</b></blockquote></p><p> Index funds would face several risks associated with such early purchases of IPOs.</p><p><blockquote>指数基金将面临与此类早期购买 IPO 相关的多种风险。</blockquote></p><p> First, and most importantly, no one knows which IPOs will be added to the index at the time of the IPO.&nbsp; An index fund might purchase an IPO stock that doesn’t get added to the index.&nbsp; In that event, the fund would have to sell the IPO stock, potentially at a loss. The price of the IPO stock would decline because there would no longer be the expectation that other index funds would be required to buy that stock when it is added to the index.</p><p><blockquote>首先，也是最重要的一点，没有人知道哪些 IPO 会在 IPO 时被纳入指数。指数基金可能会购买一只没有被纳入指数的 IPO 股票。在这种情况下，基金将不得不出售 IPO 股票，而且可能会亏本。IPO股票的价格将会下跌，因为当该股票被添加到指数时，将不再有其他指数基金需要购买该股票的预期。</blockquote></p><p> A second concern is that an index fund would not get a large enough allocation in an IPO to reflect the stock’s future position in the index — for example, when a popular tech company goes public.&nbsp;Even so, an index fund can still generate excess returns by buying more of such a stock on the day following an IPO and holding that stock until it is added to the index.</p><p><blockquote>第二个担忧是，指数基金在首次公开募股（IPO）中无法获得足够大的分配，以反映该股票未来在指数中的地位--例如，当一家受欢迎的科技公司上市时。即便如此，指数基金仍然可以在首次公开募股后的第二天买入更多此类股票，并持有该股票直到被纳入指数，从而产生超额回报。</blockquote></p><p> Third, since the index fund would be holding stocks that are not included in the index — at least for several months — the fund would experience tracking error.&nbsp; Tracking error occurs when the returns on an index fund portfolio differ materially from those of the index it is benchmarked against.&nbsp; But investors would probably not be overly concerned if the fund beat the index it was designed to track.</p><p><blockquote>第三，由于指数基金将持有未包含在指数中的股票——至少在几个月内——该基金将出现跟踪误差。当指数基金投资组合的回报与其基准指数的回报存在重大差异时，就会出现跟踪误差。但如果基金跑赢了它设计跟踪的指数，投资者可能不会过度担心。</blockquote></p><p></p><p> Of course, the prospectus of such an index fund would have to make clear that it would be buying stocks in the initial offerings of IPOs and after their first day of trading. The prospectus should also delineate the risks involved when the fund buys IPOs before they are included in the index.</p><p><blockquote>当然，此类指数基金的招股说明书必须明确表示，它将在首次公开募股（IPO）的首次发行中以及首日交易后购买股票。招股说明书还应描述基金在首次公开募股被纳入指数之前购买所涉及的风险。</blockquote></p><p> To mitigate the most important risk — that the IPO will not be included in the index — I recommend that index funds should purchase an IPO only if its expected weight in the Russell 1000 is relatively large. The expected weight equals the gross proceeds raised by the IPO, divided by the total freely traded float of stocks in the index. &nbsp; Since the Russell 1000 Index is composed of the top 1000 U.S. companies by market capitalization, the larger the IPO is relative to the index, the more likely that the IPO will be added to that index.</p><p><blockquote>为了减轻最重要的风险——IPO 不会被纳入指数——我建议指数基金只有在罗素 1000 指数中的预期权重相对较大时才购买 IPO。预期权重等于首次公开募股筹集的总收益除以指数中股票的自由交易流通量总额。由于罗素 1000 指数由市值排名前 1000 的美国公司组成，因此 IPO 相对于该指数规模越大，IPO 就越有可能被添加到该指数中。</blockquote></p><p> This strategy could be adapted to varying risk tolerances of index funds by adjusting the size threshold for early purchases of an IPO.&nbsp; In a conservative strategy, the index fund would purchase only IPOs with the largest expected weight in the index, since they are most likely to be included in the index.&nbsp; In a more aggressive strategy, by contrast, the size threshold for buying IPOs would be lower.</p><p><blockquote>这种策略可以通过调整早期购买IPO的规模门槛来适应指数基金的不同风险承受能力。在保守的策略中，指数基金将只购买指数中预期权重最大的IPO，因为它们最有可能被纳入指数。相比之下，在更激进的策略中，购买IPO的规模门槛会更低。</blockquote></p><p> The study examined three thresholds for risk appetite, defined in terms of the expected weight of the IPO in the index: 1.0 basis point for conservative; 0.75 basis point for pragmatic and 0.50 basis point for aggressive. (One basis point equals 1/100 of 1%)</p><p><blockquote>该研究考察了风险偏好的三个阈值，根据 IPO 在指数中的预期权重来定义：保守 1.0 个基点；务实为0.75个基点，激进为0.50个基点。（一个基点等于1%的1/100）</blockquote></p><p> The results, summarized in the table below, show that this strategy would have been successful at generating excess returns without significant risks during the period from 2010 through 2018.</p><p><blockquote>下表总结的结果表明，在2010年至2018年期间，该策略在没有重大风险的情况下成功产生超额回报。</blockquote></p><p> For example, 100% of the largest IPOs that would have been purchased under the conservative strategy during this period were added to the index within the first six months and generated excess returns above 15%.&nbsp; Under the aggressive strategy, 88% of the IPOs that would have been purchased during this period were included in the index within six months and generated excess returns of close to 17%.</p><p><blockquote>例如，在此期间，根据保守策略购买的最大IPO中，100%在前六个月内被纳入指数，并产生了超过15%的超额回报。根据激进策略，在此期间购买的88%的IPO在六个月内被纳入指数，并产生了接近17%的超额回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fc52461985f7a3ca10fac53ba2ccf05\" tg-width=\"1260\" tg-height=\"476\"></p><p><blockquote></blockquote></p><p> My recommendation is that an index fund based on the Russell 1000 buy relatively large IPOs in their initial offerings or, if necessary, immediately after their first day of trading. Although there is a modest risk that such IPOs will not subsequently be included in that index, the excess returns from this strategy outweigh the risks.</p><p><blockquote>我的建议是，基于罗素 1000 指数的指数基金在首次发行时购买相对较大的 IPO，或者如有必要，在第一天交易后立即购买。尽管此类首次公开募股随后不被纳入该指数的风险不大，但这种策略带来的超额回报超过了风险。</blockquote></p><p> I would not recommend that any index fund use this strategy to buy an IPO effected by merging a private company with a special acquisition vehicle.&nbsp;I also would not recommend this strategy for any index fund based on other indices where it is more difficult to predict when and whether IPO stocks will be included in the index, such as the S&amp;P 500, where stocks included are chosen by a committee.</p><p><blockquote>我不建议任何指数基金使用这种策略来购买通过将私营公司与特殊收购工具合并而产生的首次公开募股。我也不建议任何基于其他指数的指数基金采用这种策略，因为这些指数更难预测IPO股票何时以及是否会被纳入指数，例如标普500，纳入的股票是由一个委员会选择的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/index-funds-dont-buy-ipos-but-heres-why-they-should-11613194940?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/index-funds-dont-buy-ipos-but-heres-why-they-should-11613194940?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1195476575","content_text":"How indexed mutual funds and ETFs can capture the powerful gains when a company goes public\nThe U.S. market for IPOs (initial public offerings) was red hot in 2020.  Excluding special purpose acquisition vehicles, U.S. IPOs last year raised $83 billion in gross proceeds.  The prices of these IPOs jumped during the initial day of trading by 36% on average.\nDespite these high returns, index funds — including mutual funds and exchange-traded funds — almost never bought IPOs at their initial offering price.  Instead, index funds waited to buy IPO stocks until near the date on which they were added to the relevant index — typically at the end of a quarter within six months to a year after the IPO.\nYet as the index inclusion date nears for any IPO, its price typically surges in anticipation of a barrage of purchases — driving up the price that index funds must pay for that stock.  For example, the price of Tesla spiked once it became likely that the company would be added to the S&P500.\nIn this article, I outline the data from 2010 to 2018 about the high initial returns for IPOs as well as the concerns holding back index funds from buying IPOs before they are included in the index.  Then, I make a path-breaking proposal — allowing any index fund that tracks the Russell 1000 Index to meet these concerns by early buying of IPOs if, and only if, they are large relative to the size of the index.\nLike many other studies,the study that I co-authored with two experts on indexing found high returns in IPO stock prices during the initial day of trading. After this initial day of trading, the study evaluated IPO returns by a measure known as the index-adjusted performance (IAP) — the difference between the total return of the security and the total return of the index from the closing price on the first day of trading to the closing price of any following day.  For example, a positive IAP would signal that an IPO has outperformed the index from the close of the first day of trading until the date the IPO is included in the relevant index.\nThe study calculated these two metrics of returns for all 932 U.S. IPOs offered in the nine years between January 2010 and December 2018.  Of these 932 IPOs, 115 were included in the Russell 1000 within the first six months of trading.\nThe study used the Russell 1000 because it includes 92% of the total market capitalization of all listed stocks in the U.S. equity market.  The Russell 1000 contains the top 1000 publicly traded U.S. companies according to market capitalization.  IPOs are considered for inclusion at the end of each quarter, strictly based on their market capitalization.\nThe first-day return for these 115 IPOs was highly positive — 22% on average with a median gain of 10%.  Similarly, looking at the IAP for these 115 IPOs included in the Russell 1000, the study found a positive trend — with an average IAP of 6.89% and median of 5.24% between the IPO and the index inclusion date.\nBoth of these trends show that index funds could generate excess return by buying IPOs before they are added to the index.  The greatest return could be realized by buying IPOs at the initial offering price and holding them through the index inclusion date.  Index funds could also realize significant excess returns by buying IPOs after their first day of trading and holding them through the index inclusion date.\nRisks in the returns\nIndex funds would face several risks associated with such early purchases of IPOs.\nFirst, and most importantly, no one knows which IPOs will be added to the index at the time of the IPO.  An index fund might purchase an IPO stock that doesn’t get added to the index.  In that event, the fund would have to sell the IPO stock, potentially at a loss. The price of the IPO stock would decline because there would no longer be the expectation that other index funds would be required to buy that stock when it is added to the index.\nA second concern is that an index fund would not get a large enough allocation in an IPO to reflect the stock’s future position in the index — for example, when a popular tech company goes public. Even so, an index fund can still generate excess returns by buying more of such a stock on the day following an IPO and holding that stock until it is added to the index.\nThird, since the index fund would be holding stocks that are not included in the index — at least for several months — the fund would experience tracking error.  Tracking error occurs when the returns on an index fund portfolio differ materially from those of the index it is benchmarked against.  But investors would probably not be overly concerned if the fund beat the index it was designed to track.\nOf course, the prospectus of such an index fund would have to make clear that it would be buying stocks in the initial offerings of IPOs and after their first day of trading. The prospectus should also delineate the risks involved when the fund buys IPOs before they are included in the index.\nTo mitigate the most important risk — that the IPO will not be included in the index — I recommend that index funds should purchase an IPO only if its expected weight in the Russell 1000 is relatively large. The expected weight equals the gross proceeds raised by the IPO, divided by the total freely traded float of stocks in the index.   Since the Russell 1000 Index is composed of the top 1000 U.S. companies by market capitalization, the larger the IPO is relative to the index, the more likely that the IPO will be added to that index.\nThis strategy could be adapted to varying risk tolerances of index funds by adjusting the size threshold for early purchases of an IPO.  In a conservative strategy, the index fund would purchase only IPOs with the largest expected weight in the index, since they are most likely to be included in the index.  In a more aggressive strategy, by contrast, the size threshold for buying IPOs would be lower.\nThe study examined three thresholds for risk appetite, defined in terms of the expected weight of the IPO in the index: 1.0 basis point for conservative; 0.75 basis point for pragmatic and 0.50 basis point for aggressive. (One basis point equals 1/100 of 1%)\nThe results, summarized in the table below, show that this strategy would have been successful at generating excess returns without significant risks during the period from 2010 through 2018.\nFor example, 100% of the largest IPOs that would have been purchased under the conservative strategy during this period were added to the index within the first six months and generated excess returns above 15%.  Under the aggressive strategy, 88% of the IPOs that would have been purchased during this period were included in the index within six months and generated excess returns of close to 17%.\n\nMy recommendation is that an index fund based on the Russell 1000 buy relatively large IPOs in their initial offerings or, if necessary, immediately after their first day of trading. Although there is a modest risk that such IPOs will not subsequently be included in that index, the excess returns from this strategy outweigh the risks.\nI would not recommend that any index fund use this strategy to buy an IPO effected by merging a private company with a special acquisition vehicle. I also would not recommend this strategy for any index fund based on other indices where it is more difficult to predict when and whether IPO stocks will be included in the index, such as the S&P 500, where stocks included are chosen by a committee.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384946329,"gmtCreate":1613610033261,"gmtModify":1634552967614,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574597457129986","authorIdStr":"3574597457129986"},"themes":[],"title":"","htmlText":"electric call is the future","listText":"electric call is the future","text":"electric call is the future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384946329","repostId":"1114886639","repostType":4,"isVote":1,"tweetType":1,"viewCount":831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":343715655,"gmtCreate":1617755207877,"gmtModify":1634296737351,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/343715655","repostId":"1177263079","repostType":4,"isVote":1,"tweetType":1,"viewCount":2301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363049149,"gmtCreate":1614086399681,"gmtModify":1634551237576,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"TESLA is going down","listText":"TESLA is going down","text":"TESLA is going down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/363049149","repostId":"1178144401","repostType":4,"isVote":1,"tweetType":1,"viewCount":1139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385632319,"gmtCreate":1613540532131,"gmtModify":1634553231367,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"like pls. thank you","listText":"like pls. thank you","text":"like pls. thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/385632319","repostId":"1106575642","repostType":4,"repost":{"id":"1106575642","kind":"news","pubTimestamp":1613532872,"share":"https://www.laohunote.com/m/news/1106575642?lang=zh_CN&edition=full","pubTime":"2021-02-17 11:34","market":"us","language":"en","title":"Apple iCar Speculation Continues. How Tech and Auto Analysts See the Car.<blockquote>苹果 iCar 猜测仍在继续。科技和汽车分析师如何看待汽车。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106575642","media":"Barrons","summary":"Speculation about an all-electric, self-driving car produced by Apple just won’t die.\nNow Japanese c","content":"<p>Speculation about an all-electric, self-driving car&nbsp;produced by Apple&nbsp;just won’t die.</p><p><blockquote>关于苹果生产的全电动自动驾驶汽车的猜测不会消失。</blockquote></p><p> Now Japanese car maker&nbsp;Nissan Motor(ticker: 7201.Japan) has denied reports that it is in talks to be the builder of an Apple-branded vehicle. The iCar has resulted in a lot of Wall Street&nbsp;research reports, but few hard numbers about what an&nbsp;Apple(AAPL) entry might mean for the global car business. What’s more, tech and car analysts have slightly different takes on what the Apple car means.</p><p><blockquote>现在，日本汽车制造商日产汽车（股票代码：7201.Japan）否认了有关其正在洽谈成为苹果品牌汽车制造商的报道。iCar 引发了许多华尔街研究报告，但很少有确切的数字表明苹果 (AAPL) 的进入对全球汽车行业可能意味着什么。此外，科技分析师和汽车分析师对苹果汽车的含义略有不同。</blockquote></p><p> News of a potential Apple car surfaced in December. Those reports were taken seriously by both tech and car analysts because Apple has had car ambitions stretching back years—and because Apple is huge. The tech giant has a market capitalization roughly equal to the market cap of all car makers on the globe, combined. That includes the most valuable car company on the planet:Tesla(TSLA).</p><p><blockquote>12 月，苹果潜在汽车的消息浮出水面。这些报告受到了科技和汽车分析师的认真对待，因为苹果多年来一直有汽车野心，而且苹果规模庞大。这家科技巨头的市值大致相当于全球所有汽车制造商的市值总和。其中包括地球上最有价值的汽车公司：特斯拉（TSLA）。</blockquote></p><p> Hyundai Motor(005380.Korea),Kia Motors(000270.Korea), as well as&nbsp;U.S. EVstart-up&nbsp;Canoo(GOEV), have all been&nbsp;tied&nbsp;to Apple in reports. Nissan is the latest car company to be linked. Nissan stock fell almost 3% Monday after Reuters reported Nissan’s denial it was working with Apple.</p><p><blockquote>现代汽车(005380.Korea)、起亚汽车(000270.Korea)以及美国。据报道，电动汽车初创公司 Canoo (GOEV) 都与苹果有关。日产是最新一家被关联的汽车公司。路透社报道日产否认与苹果合作后，日产股价周一下跌近3%。</blockquote></p><p> Apple, and the car companies, haven’t commented on Apple’s car plans. Apple wasn’t immediately available to comment on Nissan reports on Tuesday.</p><p><blockquote>苹果和汽车公司尚未对苹果的汽车计划发表评论。苹果周二没有立即对日产的报道发表评论。</blockquote></p><p> Outside of&nbsp;temporary impacts&nbsp;on car companies directly linked to Apple, car stocks aren’t really reacting to iCar news. Crying wolf is one reason: Nothing concrete has come from repeated speculation. And of course, an Apple car would be years away—another reason auto investors aren’t too concerned for the moment.</p><p><blockquote>除了对与苹果直接相关的汽车公司的暂时影响外，汽车股并没有对 iCar 新闻做出真正的反应。狼来了是一个原因：反复的猜测并没有带来任何具体的结果。当然，苹果汽车还需要数年时间--这也是汽车投资者目前不太担心的另一个原因。</blockquote></p><p> That doesn’t mean an Apple car won’t matter, or that news of potential partnerships can be discounted. Wedbush analyst&nbsp;Dan Ives&nbsp;expects a formal announcement in 2021. “At this point it’s a matter of when, not if,&nbsp;Apple&nbsp;will enter the EV race over the next few years,” wrote Ives in a Monday research report. He assigns an 85% probability that Apple will make an announcement in three to six months and calls Hyundai and&nbsp;Volkswagen(VOW.Germany) his top two choices for an Apple partnership.</p><p><blockquote>这并不意味着苹果汽车无关紧要，也不意味着潜在合作的消息可以被打折扣。Wedbush 分析师 Dan Ives 预计将于 2021 年正式宣布。“艾夫斯在周一的一份研究报告中写道：”目前，苹果在未来几年内加入电动汽车竞赛是一个时间问题，而不是是否会。他认为苹果有 85% 的可能性在三到六个月内发布公告，评级现代和大众汽车 (VO.Germany) 是他与苹果合作的首选。</blockquote></p><p> Hyundai has its own&nbsp;modular EV platform. That’s one reason Ives likes Hyundai as a possibility, although other auto makers, including&nbsp;General Motors(GM), have&nbsp;similar approaches&nbsp;to electric-vehicle development. Volkswagen, for its part, has big EV ambitions. It is also a&nbsp;large shareholder&nbsp;of&nbsp;QuantumScape(QS), which is&nbsp;pioneering&nbsp;solid-state, lithium anode EV batteries. Those batteries promise lower cost, better safety, faster charging, and more range. Both things could make Volkswagen attractive to a partner.</p><p><blockquote>现代汽车拥有自己的模块化电动汽车平台。这也是艾夫斯认为现代汽车是一种可能性的原因之一，尽管包括通用汽车（GM）在内的其他汽车制造商也有类似的电动汽车开发方法。就大众汽车而言，它对电动汽车有着远大的野心。它也是 QuantumScape (QS) 的大股东，该公司是固态锂阳极电动汽车电池的先驱。这些电池承诺更低的成本、更好的安全性、更快的充电速度和更大的续航里程。这两件事都可能使大众汽车对合作伙伴具有吸引力。</blockquote></p><p> Ives covers mainly technology stocks. He covers Apple, rating shares outperform and has a $175 price target for shares. He also covers Telsa stock, rating shares Hold with a $950 price target for shares. Bernstein analyst&nbsp;Toni Sacconaghi, covers both as well. He rates Apple stock Hold and has a $132 price target for shares. He is more bearish on Tesla though. He believes an Apple car would make it harder for Tesla to meet its volume growth goal of 50% a year on average for the next few years. “The automotive market has historically been highly fragmented, with strong regional brands and preferences,” wrote Sacconaghi in a recent research report. “It is uncertain to us that amid massive new competition and entry, the market will ultimately become more consolidated and/or have one outsized winner.”</p><p><blockquote>艾夫斯主要关注科技股。他报道了苹果，将股票评级为跑赢大盘，并将股票目标价定为 175 美元。他还报道了特尔萨股票，对该股进行了持有评级，目标价为 950 美元。伯恩斯坦分析师托尼·萨科纳吉 (Toni Sacconaghi) 也涵盖了这两方面。他给予苹果股票持有评级，并将股价目标定为 132 美元。不过，他更看淡特斯拉。他认为，苹果汽车将使特斯拉更难实现未来几年平均每年 50% 的销量增长目标。“萨科纳吉在最近的一份研究报告中写道：”汽车市场历来高度分散，有强烈的地区性品牌和偏好。“我们不确定，在大量的新竞争和新进入的情况下，市场最终是否会变得更加整合和/或出现一个超大的赢家”。</blockquote></p><p> That’s bad news for Tesla in his mind. He rates Tesla shares Sell and has a $180 price target for the stock, well below where shares are trading.</p><p><blockquote>在他看来，这对特斯拉来说是个坏消息。他将特斯拉股票评级为卖出，并将该股目标价定为 180 美元，远低于股价。</blockquote></p><p> Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;covers cars and not Apple. But he is bullish on Tesla stock, rating shares Buy with an $880 price target. An Apple car entry could speed EV penetration, which would benefit all EV makers. In addition, Tesla “can iterate industry-leading battery technology for another four or five years before Apple may be on the scene,” wrote Jonas in a recent research report. “But at some point, today’s EV players must share the sandbox.”</p><p><blockquote>摩根士丹利分析师 Adam Jonas 报道的是汽车，而不是苹果。但他看好特斯拉股票，给予该股买入评级，目标价为 880 美元。苹果汽车的进入可以加速电动汽车的普及率，这将使所有电动汽车制造商受益。此外，Jonas 在最近的一份研究报告中写道，特斯拉 “可以在苹果出现之前，再迭代四五年行业领先的电池技术”。“但在某些时候，当今的电动汽车玩家必须分享沙盒”。</blockquote></p><p> More EV players, however, aren’t enough to shake his confidence in Tesla stock. In addition to Tesla, Jonas recommends stock in GM and supplier&nbsp;Aptiv(APTV) to get exposure to the&nbsp;EV theme.</p><p><blockquote>然而，更多的电动汽车企业不足以动摇他对特斯拉股票的信心。除了特斯拉之外，Jonas 还推荐通用汽车和供应商 Aptiv (APTV) 的股票，以接触电动汽车主题。</blockquote></p><p> RBC analyst Joe Spak also covers car stocks. He, like Jonas, rates GM and Aptiv stock Buy but rates Tesla stock Hold. The emergence of an Apple car, for Spak, highlights the need for car makers to adapt at faster rates. “Otherwise they could get left behind, whether it’s by Apple or someone else,” wrote Spak in a recent research report.</p><p><blockquote>加拿大皇家银行分析师乔·斯帕克 (Joe Spak) 也关注汽车股。他和乔纳斯一样，对通用汽车和安波福股票给予买入评级，但对特斯拉股票给予持有评级。对于 Spak 来说，苹果汽车的出现凸显了汽车制造商以更快速度适应的必要性。“斯帕克在最近的一份研究报告中写道：”否则，无论是苹果还是其他人，他们都可能被抛在后面。</blockquote></p><p></p><p> Overall, Wall Street appears to believe few things about the iCar: It will be a premium self-driving product, and will be built by an existing auto maker. It is good news for Apple stock, but it might not be that disruptive to the existing industry—initial volumes will be small, and it will boost consumer interest in EVs. What’s more, news of an Apple car will drive incumbents to improve. Time will tell if that turns out to be how the industry develops.</p><p><blockquote>总体而言，华尔街似乎对 iCar 不太相信：它将是一款优质自动驾驶产品，并且将由现有汽车制造商制造。这对苹果股票来说是个好消息，但可能不会对现有行业造成太大的破坏性——最初的销量会很小，而且会提高消费者对电动汽车的兴趣。更重要的是，苹果汽车的消息将促使现有企业做出改进。时间会证明这个行业是否会发展。</blockquote></p><p> Apple car news, again, doesn’t appear to be hitting stocks all that much. Tesla stock is down 2.4% on Tuesday. Apple stock is down 1.6%. The&nbsp;S&amp;P 500,for comparison, is down about 0.1% and the&nbsp;Dow Jones Industrial Average&nbsp;is up about 0.2%.</p><p><blockquote>苹果汽车新闻似乎也没有对股市造成太大冲击。特斯拉股价周二下跌 2.4%。苹果股价下跌 1.6%。相比之下，标准普尔500指数下跌约0.1%，道琼斯工业平均指数上涨约0.2%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple iCar Speculation Continues. How Tech and Auto Analysts See the Car.<blockquote>苹果 iCar 猜测仍在继续。科技和汽车分析师如何看待汽车。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple iCar Speculation Continues. How Tech and Auto Analysts See the Car.<blockquote>苹果 iCar 猜测仍在继续。科技和汽车分析师如何看待汽车。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-17 11:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Speculation about an all-electric, self-driving car&nbsp;produced by Apple&nbsp;just won’t die.</p><p><blockquote>关于苹果生产的全电动自动驾驶汽车的猜测不会消失。</blockquote></p><p> Now Japanese car maker&nbsp;Nissan Motor(ticker: 7201.Japan) has denied reports that it is in talks to be the builder of an Apple-branded vehicle. The iCar has resulted in a lot of Wall Street&nbsp;research reports, but few hard numbers about what an&nbsp;Apple(AAPL) entry might mean for the global car business. What’s more, tech and car analysts have slightly different takes on what the Apple car means.</p><p><blockquote>现在，日本汽车制造商日产汽车（股票代码：7201.Japan）否认了有关其正在洽谈成为苹果品牌汽车制造商的报道。iCar 引发了许多华尔街研究报告，但很少有确切的数字表明苹果 (AAPL) 的进入对全球汽车行业可能意味着什么。此外，科技分析师和汽车分析师对苹果汽车的含义略有不同。</blockquote></p><p> News of a potential Apple car surfaced in December. Those reports were taken seriously by both tech and car analysts because Apple has had car ambitions stretching back years—and because Apple is huge. The tech giant has a market capitalization roughly equal to the market cap of all car makers on the globe, combined. That includes the most valuable car company on the planet:Tesla(TSLA).</p><p><blockquote>12 月，苹果潜在汽车的消息浮出水面。这些报告受到了科技和汽车分析师的认真对待，因为苹果多年来一直有汽车野心，而且苹果规模庞大。这家科技巨头的市值大致相当于全球所有汽车制造商的市值总和。其中包括地球上最有价值的汽车公司：特斯拉（TSLA）。</blockquote></p><p> Hyundai Motor(005380.Korea),Kia Motors(000270.Korea), as well as&nbsp;U.S. EVstart-up&nbsp;Canoo(GOEV), have all been&nbsp;tied&nbsp;to Apple in reports. Nissan is the latest car company to be linked. Nissan stock fell almost 3% Monday after Reuters reported Nissan’s denial it was working with Apple.</p><p><blockquote>现代汽车(005380.Korea)、起亚汽车(000270.Korea)以及美国。据报道，电动汽车初创公司 Canoo (GOEV) 都与苹果有关。日产是最新一家被关联的汽车公司。路透社报道日产否认与苹果合作后，日产股价周一下跌近3%。</blockquote></p><p> Apple, and the car companies, haven’t commented on Apple’s car plans. Apple wasn’t immediately available to comment on Nissan reports on Tuesday.</p><p><blockquote>苹果和汽车公司尚未对苹果的汽车计划发表评论。苹果周二没有立即对日产的报道发表评论。</blockquote></p><p> Outside of&nbsp;temporary impacts&nbsp;on car companies directly linked to Apple, car stocks aren’t really reacting to iCar news. Crying wolf is one reason: Nothing concrete has come from repeated speculation. And of course, an Apple car would be years away—another reason auto investors aren’t too concerned for the moment.</p><p><blockquote>除了对与苹果直接相关的汽车公司的暂时影响外，汽车股并没有对 iCar 新闻做出真正的反应。狼来了是一个原因：反复的猜测并没有带来任何具体的结果。当然，苹果汽车还需要数年时间--这也是汽车投资者目前不太担心的另一个原因。</blockquote></p><p> That doesn’t mean an Apple car won’t matter, or that news of potential partnerships can be discounted. Wedbush analyst&nbsp;Dan Ives&nbsp;expects a formal announcement in 2021. “At this point it’s a matter of when, not if,&nbsp;Apple&nbsp;will enter the EV race over the next few years,” wrote Ives in a Monday research report. He assigns an 85% probability that Apple will make an announcement in three to six months and calls Hyundai and&nbsp;Volkswagen(VOW.Germany) his top two choices for an Apple partnership.</p><p><blockquote>这并不意味着苹果汽车无关紧要，也不意味着潜在合作的消息可以被打折扣。Wedbush 分析师 Dan Ives 预计将于 2021 年正式宣布。“艾夫斯在周一的一份研究报告中写道：”目前，苹果在未来几年内加入电动汽车竞赛是一个时间问题，而不是是否会。他认为苹果有 85% 的可能性在三到六个月内发布公告，评级现代和大众汽车 (VO.Germany) 是他与苹果合作的首选。</blockquote></p><p> Hyundai has its own&nbsp;modular EV platform. That’s one reason Ives likes Hyundai as a possibility, although other auto makers, including&nbsp;General Motors(GM), have&nbsp;similar approaches&nbsp;to electric-vehicle development. Volkswagen, for its part, has big EV ambitions. It is also a&nbsp;large shareholder&nbsp;of&nbsp;QuantumScape(QS), which is&nbsp;pioneering&nbsp;solid-state, lithium anode EV batteries. Those batteries promise lower cost, better safety, faster charging, and more range. Both things could make Volkswagen attractive to a partner.</p><p><blockquote>现代汽车拥有自己的模块化电动汽车平台。这也是艾夫斯认为现代汽车是一种可能性的原因之一，尽管包括通用汽车（GM）在内的其他汽车制造商也有类似的电动汽车开发方法。就大众汽车而言，它对电动汽车有着远大的野心。它也是 QuantumScape (QS) 的大股东，该公司是固态锂阳极电动汽车电池的先驱。这些电池承诺更低的成本、更好的安全性、更快的充电速度和更大的续航里程。这两件事都可能使大众汽车对合作伙伴具有吸引力。</blockquote></p><p> Ives covers mainly technology stocks. He covers Apple, rating shares outperform and has a $175 price target for shares. He also covers Telsa stock, rating shares Hold with a $950 price target for shares. Bernstein analyst&nbsp;Toni Sacconaghi, covers both as well. He rates Apple stock Hold and has a $132 price target for shares. He is more bearish on Tesla though. He believes an Apple car would make it harder for Tesla to meet its volume growth goal of 50% a year on average for the next few years. “The automotive market has historically been highly fragmented, with strong regional brands and preferences,” wrote Sacconaghi in a recent research report. “It is uncertain to us that amid massive new competition and entry, the market will ultimately become more consolidated and/or have one outsized winner.”</p><p><blockquote>艾夫斯主要关注科技股。他报道了苹果，将股票评级为跑赢大盘，并将股票目标价定为 175 美元。他还报道了特尔萨股票，对该股进行了持有评级，目标价为 950 美元。伯恩斯坦分析师托尼·萨科纳吉 (Toni Sacconaghi) 也涵盖了这两方面。他给予苹果股票持有评级，并将股价目标定为 132 美元。不过，他更看淡特斯拉。他认为，苹果汽车将使特斯拉更难实现未来几年平均每年 50% 的销量增长目标。“萨科纳吉在最近的一份研究报告中写道：”汽车市场历来高度分散，有强烈的地区性品牌和偏好。“我们不确定，在大量的新竞争和新进入的情况下，市场最终是否会变得更加整合和/或出现一个超大的赢家”。</blockquote></p><p> That’s bad news for Tesla in his mind. He rates Tesla shares Sell and has a $180 price target for the stock, well below where shares are trading.</p><p><blockquote>在他看来，这对特斯拉来说是个坏消息。他将特斯拉股票评级为卖出，并将该股目标价定为 180 美元，远低于股价。</blockquote></p><p> Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;covers cars and not Apple. But he is bullish on Tesla stock, rating shares Buy with an $880 price target. An Apple car entry could speed EV penetration, which would benefit all EV makers. In addition, Tesla “can iterate industry-leading battery technology for another four or five years before Apple may be on the scene,” wrote Jonas in a recent research report. “But at some point, today’s EV players must share the sandbox.”</p><p><blockquote>摩根士丹利分析师 Adam Jonas 报道的是汽车，而不是苹果。但他看好特斯拉股票，给予该股买入评级，目标价为 880 美元。苹果汽车的进入可以加速电动汽车的普及率，这将使所有电动汽车制造商受益。此外，Jonas 在最近的一份研究报告中写道，特斯拉 “可以在苹果出现之前，再迭代四五年行业领先的电池技术”。“但在某些时候，当今的电动汽车玩家必须分享沙盒”。</blockquote></p><p> More EV players, however, aren’t enough to shake his confidence in Tesla stock. In addition to Tesla, Jonas recommends stock in GM and supplier&nbsp;Aptiv(APTV) to get exposure to the&nbsp;EV theme.</p><p><blockquote>然而，更多的电动汽车企业不足以动摇他对特斯拉股票的信心。除了特斯拉之外，Jonas 还推荐通用汽车和供应商 Aptiv (APTV) 的股票，以接触电动汽车主题。</blockquote></p><p> RBC analyst Joe Spak also covers car stocks. He, like Jonas, rates GM and Aptiv stock Buy but rates Tesla stock Hold. The emergence of an Apple car, for Spak, highlights the need for car makers to adapt at faster rates. “Otherwise they could get left behind, whether it’s by Apple or someone else,” wrote Spak in a recent research report.</p><p><blockquote>加拿大皇家银行分析师乔·斯帕克 (Joe Spak) 也关注汽车股。他和乔纳斯一样，对通用汽车和安波福股票给予买入评级，但对特斯拉股票给予持有评级。对于 Spak 来说，苹果汽车的出现凸显了汽车制造商以更快速度适应的必要性。“斯帕克在最近的一份研究报告中写道：”否则，无论是苹果还是其他人，他们都可能被抛在后面。</blockquote></p><p></p><p> Overall, Wall Street appears to believe few things about the iCar: It will be a premium self-driving product, and will be built by an existing auto maker. It is good news for Apple stock, but it might not be that disruptive to the existing industry—initial volumes will be small, and it will boost consumer interest in EVs. What’s more, news of an Apple car will drive incumbents to improve. Time will tell if that turns out to be how the industry develops.</p><p><blockquote>总体而言，华尔街似乎对 iCar 不太相信：它将是一款优质自动驾驶产品，并且将由现有汽车制造商制造。这对苹果股票来说是个好消息，但可能不会对现有行业造成太大的破坏性——最初的销量会很小，而且会提高消费者对电动汽车的兴趣。更重要的是，苹果汽车的消息将促使现有企业做出改进。时间会证明这个行业是否会发展。</blockquote></p><p> Apple car news, again, doesn’t appear to be hitting stocks all that much. Tesla stock is down 2.4% on Tuesday. Apple stock is down 1.6%. The&nbsp;S&amp;P 500,for comparison, is down about 0.1% and the&nbsp;Dow Jones Industrial Average&nbsp;is up about 0.2%.</p><p><blockquote>苹果汽车新闻似乎也没有对股市造成太大冲击。特斯拉股价周二下跌 2.4%。苹果股价下跌 1.6%。相比之下，标准普尔500指数下跌约0.1%，道琼斯工业平均指数上涨约0.2%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-icar-ev-speculation-nissan-tesla-51613492754?mod=hp_LEAD_4\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","AAPL":"苹果","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/apple-icar-ev-speculation-nissan-tesla-51613492754?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106575642","content_text":"Speculation about an all-electric, self-driving car produced by Apple just won’t die.\nNow Japanese car maker Nissan Motor(ticker: 7201.Japan) has denied reports that it is in talks to be the builder of an Apple-branded vehicle. The iCar has resulted in a lot of Wall Street research reports, but few hard numbers about what an Apple(AAPL) entry might mean for the global car business. What’s more, tech and car analysts have slightly different takes on what the Apple car means.\nNews of a potential Apple car surfaced in December. Those reports were taken seriously by both tech and car analysts because Apple has had car ambitions stretching back years—and because Apple is huge. The tech giant has a market capitalization roughly equal to the market cap of all car makers on the globe, combined. That includes the most valuable car company on the planet:Tesla(TSLA).\nHyundai Motor(005380.Korea),Kia Motors(000270.Korea), as well as U.S. EVstart-up Canoo(GOEV), have all been tied to Apple in reports. Nissan is the latest car company to be linked. Nissan stock fell almost 3% Monday after Reuters reported Nissan’s denial it was working with Apple.\nApple, and the car companies, haven’t commented on Apple’s car plans. Apple wasn’t immediately available to comment on Nissan reports on Tuesday.\nOutside of temporary impacts on car companies directly linked to Apple, car stocks aren’t really reacting to iCar news. Crying wolf is one reason: Nothing concrete has come from repeated speculation. And of course, an Apple car would be years away—another reason auto investors aren’t too concerned for the moment.\nThat doesn’t mean an Apple car won’t matter, or that news of potential partnerships can be discounted. Wedbush analyst Dan Ives expects a formal announcement in 2021. “At this point it’s a matter of when, not if, Apple will enter the EV race over the next few years,” wrote Ives in a Monday research report. He assigns an 85% probability that Apple will make an announcement in three to six months and calls Hyundai and Volkswagen(VOW.Germany) his top two choices for an Apple partnership.\nHyundai has its own modular EV platform. That’s one reason Ives likes Hyundai as a possibility, although other auto makers, including General Motors(GM), have similar approaches to electric-vehicle development. Volkswagen, for its part, has big EV ambitions. It is also a large shareholder of QuantumScape(QS), which is pioneering solid-state, lithium anode EV batteries. Those batteries promise lower cost, better safety, faster charging, and more range. Both things could make Volkswagen attractive to a partner.\nIves covers mainly technology stocks. He covers Apple, rating shares outperform and has a $175 price target for shares. He also covers Telsa stock, rating shares Hold with a $950 price target for shares. Bernstein analyst Toni Sacconaghi, covers both as well. He rates Apple stock Hold and has a $132 price target for shares. He is more bearish on Tesla though. He believes an Apple car would make it harder for Tesla to meet its volume growth goal of 50% a year on average for the next few years. “The automotive market has historically been highly fragmented, with strong regional brands and preferences,” wrote Sacconaghi in a recent research report. “It is uncertain to us that amid massive new competition and entry, the market will ultimately become more consolidated and/or have one outsized winner.”\nThat’s bad news for Tesla in his mind. He rates Tesla shares Sell and has a $180 price target for the stock, well below where shares are trading.\nMorgan Stanley analyst Adam Jonas covers cars and not Apple. But he is bullish on Tesla stock, rating shares Buy with an $880 price target. An Apple car entry could speed EV penetration, which would benefit all EV makers. In addition, Tesla “can iterate industry-leading battery technology for another four or five years before Apple may be on the scene,” wrote Jonas in a recent research report. “But at some point, today’s EV players must share the sandbox.”\nMore EV players, however, aren’t enough to shake his confidence in Tesla stock. In addition to Tesla, Jonas recommends stock in GM and supplier Aptiv(APTV) to get exposure to the EV theme.\nRBC analyst Joe Spak also covers car stocks. He, like Jonas, rates GM and Aptiv stock Buy but rates Tesla stock Hold. The emergence of an Apple car, for Spak, highlights the need for car makers to adapt at faster rates. “Otherwise they could get left behind, whether it’s by Apple or someone else,” wrote Spak in a recent research report.\nOverall, Wall Street appears to believe few things about the iCar: It will be a premium self-driving product, and will be built by an existing auto maker. It is good news for Apple stock, but it might not be that disruptive to the existing industry—initial volumes will be small, and it will boost consumer interest in EVs. What’s more, news of an Apple car will drive incumbents to improve. Time will tell if that turns out to be how the industry develops.\nApple car news, again, doesn’t appear to be hitting stocks all that much. Tesla stock is down 2.4% on Tuesday. Apple stock is down 1.6%. The S&P 500,for comparison, is down about 0.1% and the Dow Jones Industrial Average is up about 0.2%.","news_type":1,"symbols_score_info":{"AAPL":0.9,"TSLA":0.9,"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":854,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314350627,"gmtCreate":1612312737569,"gmtModify":1703760205020,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"Diamond hand!","listText":"Diamond hand!","text":"Diamond hand!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/314350627","repostId":"1113195747","repostType":4,"repost":{"id":"1113195747","kind":"news","pubTimestamp":1612259771,"share":"https://www.laohunote.com/m/news/1113195747?lang=zh_CN&edition=full","pubTime":"2021-02-02 17:56","market":"fut","language":"en","title":"Gamestop, silver spot down, \"farce\" is slowly ending?<blockquote>游戏驿站，白银现货下跌，“闹剧”正在慢慢结束？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113195747","media":"reuters","summary":"SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a s","content":"<p>SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.</p><p><blockquote>新加坡（路透社）——游戏驿站股价周二在法兰克福和美国盘前交易中下滑，随着散户驱动的做空资产狂热开始显示出消退的迹象，小投资者引领的白银买盘热潮逐渐消退。</blockquote></p><p> GameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.</p><p><blockquote>游戏驿站在法兰克福上市的股价周二早盘较周一收盘价143欧元（约合172.72美元）下跌30%，此前该公司股价在美国市场收于225美元。在美国盘前交易中，它下跌 23%，至 173 美元。</blockquote></p><p> Spot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.</p><p><blockquote>现货白银价格下跌超过 4%，至每盎司 27.66 美元，比周一创下的八年高点低约 8%，当时散户交易员购买白银币并涌入白银基金以推动价格飙升。</blockquote></p><p> Analysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.</p><p><blockquote>分析师表示，白银的回调可能表明小投资者在大市场中的影响力是有限的，而热门 Reddit 论坛 WallStreetBets 上的帖子则表示担心，购买白银可能会使交易者失去对某些股票的控制。</blockquote></p><p> The social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”</p><p><blockquote>OANDA 市场分析师爱德华-莫亚（Edward Moya）说，社交媒体驱动的交易狂潮 “可能会慢慢结束”。“就像所有好的过山车一样，它们都会结束”。</blockquote></p><p> Retail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.</p><p><blockquote>散户买家的宠儿游戏驿站公司周一下跌了 30.8%，但仍比几周前高出约 10000%。</blockquote></p><p> Other shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.</p><p><blockquote>其他陷入打击卖空者狂热的股票延长了提前期限，其中包括黑莓有限公司。</blockquote></p><p> Online broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.</p><p><blockquote>在线经纪商 Robinhood 的大部分买卖都是在其平台上进行的，就在投资者注入 10 亿美元几天后，该经纪商还从股东那里筹集了另外 24 亿美元。</blockquote></p><p> “It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.</p><p><blockquote>“Mirabaud 驻伦敦的股票销售交易员马克-泰勒（Mark Taylor）说：”感觉零售停滞的迹象确实存在，但很难衡量，因为它们仍在获得可观的利润。</blockquote></p><p> “With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”</p><p><blockquote>“随着所有热门股票的成交量暴跌，silver attack 以微弱优势回报，Robinhood 不得不以极快的速度寻找新的抵押品，零售狂热可能迅速瓦解的信号正在一致。”</blockquote></p><p> Small traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.</p><p><blockquote>在过去的一年里，小交易者对金融市场的参与急剧增加，因为封锁、波动和刺激支票共同推动了投资激增，推动了自去年 3 月以来全球股市的大幅反弹。</blockquote></p><p> Day-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.</p><p><blockquote>日内交易狂热推高了从加密货币到新股票市场上市等各种资产的价格。在伦敦，在线贺卡零售商 Moonpig 的需求依然强劲，该公司周二上市时股价飙升 25%。</blockquote></p><p> The showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.</p><p><blockquote>卖空对冲基金和短期日内交易者之间的摊牌也引起了金融监管机构、立法者和白宫的关注，他们担心可能的市场操纵。</blockquote></p><p> Robinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.</p><p><blockquote>Robinhood 周一继续取消交易限制，将游戏驿站的交易限制从 4 股提高到 20 股。</blockquote></p><p> Weak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]</p><p><blockquote>盘前交易中的疲软价格可能会成为这一现象下一步走向的指南，尽管更广泛的市场似乎正在摆脱疯狂购买引发的紧张情绪，亚洲股市因刺激希望而普遍上涨。[市场/全球]</blockquote></p><p> The number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.</p><p><blockquote>分析公司 S3 Partners 周一表示，游戏驿站股票被做空的数量在一周内下降了一半以上，尽管这家视频游戏零售商仍然是价值第六大做空公司。</blockquote></p><p> “Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.</p><p><blockquote>“新加坡经纪商德美利证券（TD Ameritrade）首席执行官克里斯-布兰金（Chris Brankin）说：”本周，挤空狂热有所平息。</blockquote></p><p> QUICKSILVER</p><p><blockquote>快银</blockquote></p><p> Silver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.</p><p><blockquote>周二白银现货价格暴跌的同时，交易商报告称亚洲交易量活跃，尽管低于周一的大量交易量，这表明进一步走高的可能性不大。</blockquote></p><p> A lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.</p><p><blockquote>美国全球投资者公司（U.S. Global Investors）首席交易员迈克尔-马图塞克（Michael Matousek）说，许多原本预计白银将出现类似游戏驿站的反弹行情的人 “现在意识到，推动白银上涨的买盘压力并不像一些人想象的那么大”。</blockquote></p><p> An additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.</p><p><blockquote>另一个拖累价格的因素是芝加哥商品交易所隔夜提高保证金，这使得使用衍生品产品的投机性交易更加昂贵。</blockquote></p><p> “Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.</p><p><blockquote>“新加坡菲利普期货交易主管本杰明-杨（Benjamin Yeo）说：”与股票相比，白银的流动性要大得多，持有这种金属是有成本的。</blockquote></p><p> “In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”</p><p><blockquote>“短期内，我们可以预计零售购买兴趣会出现更大的波动，但我们认为这是不可持续的。”</blockquote></p><p> The unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.</p><p><blockquote>澳大利亚 ETF Securities 的实物白银基金在悉尼的单价下跌了 1%，周一吸引了创纪录的 7600 万澳元（约合 5800 万美元）资金流入。上涨的小型白银矿商也回吐了部分涨幅。</blockquote></p><p> “It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.</p><p><blockquote>“新加坡经销商 Silver Bullion 的创始人格雷戈尔-格雷格森（Gregor Gregersen）在经历了疯狂的 24 小时后说：”销售额超过了 2018 年以来的月平均水平，每三分钟就有超过 3.5 万新元（2.63 万美元）的订单到达。</blockquote></p><p></p><p> Reddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.</p><p><blockquote>Reddit 版主周二删除了建议购买白银的最受欢迎的帖子之一，许多 WallStreetBets 帖子专注于克服波动。</blockquote></p><p> “WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.</p><p><blockquote>“谁和我一起拿着GME？”阅读一篇热门帖子。“另一篇文章写道：”即使我的投资组合降至零，我也会持有。</blockquote></p><p> ($1 = 0.8280 euros)</p><p><blockquote>（1美元=0.8280欧元）</blockquote></p><p> ($1 = 1.3108 Australian dollars)</p><p><blockquote>（1美元=1.3108澳元）</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGamestop, silver spot down, \"farce\" is slowly ending?<blockquote>游戏驿站，白银现货下跌，“闹剧”正在慢慢结束？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-02-02 17:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.</p><p><blockquote>新加坡（路透社）——游戏驿站股价周二在法兰克福和美国盘前交易中下滑，随着散户驱动的做空资产狂热开始显示出消退的迹象，小投资者引领的白银买盘热潮逐渐消退。</blockquote></p><p> GameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.</p><p><blockquote>游戏驿站在法兰克福上市的股价周二早盘较周一收盘价143欧元（约合172.72美元）下跌30%，此前该公司股价在美国市场收于225美元。在美国盘前交易中，它下跌 23%，至 173 美元。</blockquote></p><p> Spot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.</p><p><blockquote>现货白银价格下跌超过 4%，至每盎司 27.66 美元，比周一创下的八年高点低约 8%，当时散户交易员购买白银币并涌入白银基金以推动价格飙升。</blockquote></p><p> Analysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.</p><p><blockquote>分析师表示，白银的回调可能表明小投资者在大市场中的影响力是有限的，而热门 Reddit 论坛 WallStreetBets 上的帖子则表示担心，购买白银可能会使交易者失去对某些股票的控制。</blockquote></p><p> The social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”</p><p><blockquote>OANDA 市场分析师爱德华-莫亚（Edward Moya）说，社交媒体驱动的交易狂潮 “可能会慢慢结束”。“就像所有好的过山车一样，它们都会结束”。</blockquote></p><p> Retail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.</p><p><blockquote>散户买家的宠儿游戏驿站公司周一下跌了 30.8%，但仍比几周前高出约 10000%。</blockquote></p><p> Other shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.</p><p><blockquote>其他陷入打击卖空者狂热的股票延长了提前期限，其中包括黑莓有限公司。</blockquote></p><p> Online broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.</p><p><blockquote>在线经纪商 Robinhood 的大部分买卖都是在其平台上进行的，就在投资者注入 10 亿美元几天后，该经纪商还从股东那里筹集了另外 24 亿美元。</blockquote></p><p> “It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.</p><p><blockquote>“Mirabaud 驻伦敦的股票销售交易员马克-泰勒（Mark Taylor）说：”感觉零售停滞的迹象确实存在，但很难衡量，因为它们仍在获得可观的利润。</blockquote></p><p> “With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”</p><p><blockquote>“随着所有热门股票的成交量暴跌，silver attack 以微弱优势回报，Robinhood 不得不以极快的速度寻找新的抵押品，零售狂热可能迅速瓦解的信号正在一致。”</blockquote></p><p> Small traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.</p><p><blockquote>在过去的一年里，小交易者对金融市场的参与急剧增加，因为封锁、波动和刺激支票共同推动了投资激增，推动了自去年 3 月以来全球股市的大幅反弹。</blockquote></p><p> Day-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.</p><p><blockquote>日内交易狂热推高了从加密货币到新股票市场上市等各种资产的价格。在伦敦，在线贺卡零售商 Moonpig 的需求依然强劲，该公司周二上市时股价飙升 25%。</blockquote></p><p> The showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.</p><p><blockquote>卖空对冲基金和短期日内交易者之间的摊牌也引起了金融监管机构、立法者和白宫的关注，他们担心可能的市场操纵。</blockquote></p><p> Robinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.</p><p><blockquote>Robinhood 周一继续取消交易限制，将游戏驿站的交易限制从 4 股提高到 20 股。</blockquote></p><p> Weak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]</p><p><blockquote>盘前交易中的疲软价格可能会成为这一现象下一步走向的指南，尽管更广泛的市场似乎正在摆脱疯狂购买引发的紧张情绪，亚洲股市因刺激希望而普遍上涨。[市场/全球]</blockquote></p><p> The number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.</p><p><blockquote>分析公司 S3 Partners 周一表示，游戏驿站股票被做空的数量在一周内下降了一半以上，尽管这家视频游戏零售商仍然是价值第六大做空公司。</blockquote></p><p> “Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.</p><p><blockquote>“新加坡经纪商德美利证券（TD Ameritrade）首席执行官克里斯-布兰金（Chris Brankin）说：”本周，挤空狂热有所平息。</blockquote></p><p> QUICKSILVER</p><p><blockquote>快银</blockquote></p><p> Silver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.</p><p><blockquote>周二白银现货价格暴跌的同时，交易商报告称亚洲交易量活跃，尽管低于周一的大量交易量，这表明进一步走高的可能性不大。</blockquote></p><p> A lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.</p><p><blockquote>美国全球投资者公司（U.S. Global Investors）首席交易员迈克尔-马图塞克（Michael Matousek）说，许多原本预计白银将出现类似游戏驿站的反弹行情的人 “现在意识到，推动白银上涨的买盘压力并不像一些人想象的那么大”。</blockquote></p><p> An additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.</p><p><blockquote>另一个拖累价格的因素是芝加哥商品交易所隔夜提高保证金，这使得使用衍生品产品的投机性交易更加昂贵。</blockquote></p><p> “Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.</p><p><blockquote>“新加坡菲利普期货交易主管本杰明-杨（Benjamin Yeo）说：”与股票相比，白银的流动性要大得多，持有这种金属是有成本的。</blockquote></p><p> “In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”</p><p><blockquote>“短期内，我们可以预计零售购买兴趣会出现更大的波动，但我们认为这是不可持续的。”</blockquote></p><p> The unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.</p><p><blockquote>澳大利亚 ETF Securities 的实物白银基金在悉尼的单价下跌了 1%，周一吸引了创纪录的 7600 万澳元（约合 5800 万美元）资金流入。上涨的小型白银矿商也回吐了部分涨幅。</blockquote></p><p> “It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.</p><p><blockquote>“新加坡经销商 Silver Bullion 的创始人格雷戈尔-格雷格森（Gregor Gregersen）在经历了疯狂的 24 小时后说：”销售额超过了 2018 年以来的月平均水平，每三分钟就有超过 3.5 万新元（2.63 万美元）的订单到达。</blockquote></p><p></p><p> Reddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.</p><p><blockquote>Reddit 版主周二删除了建议购买白银的最受欢迎的帖子之一，许多 WallStreetBets 帖子专注于克服波动。</blockquote></p><p> “WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.</p><p><blockquote>“谁和我一起拿着GME？”阅读一篇热门帖子。“另一篇文章写道：”即使我的投资组合降至零，我也会持有。</blockquote></p><p> ($1 = 0.8280 euros)</p><p><blockquote>（1美元=0.8280欧元）</blockquote></p><p> ($1 = 1.3108 Australian dollars)</p><p><blockquote>（1美元=1.3108澳元）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0\">reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3780c78c8bb55dbf0b4bcd80ffe89707","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113195747","content_text":"SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.\nGameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.\nSpot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.\nAnalysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.\nThe social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”\nRetail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.\nOther shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.\nOnline broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.\n“It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.\n“With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”\nSmall traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.\nDay-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.\nThe showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.\nRobinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.\nWeak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]\nThe number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.\n“Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.\nQUICKSILVER\nSilver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.\nA lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.\nAn additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.\n“Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.\n“In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”\nThe unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.\n“It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.\nReddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.\n“WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.\n($1 = 0.8280 euros)\n($1 = 1.3108 Australian dollars)","news_type":1,"symbols_score_info":{"GME":0.9,"SILVERmain":0.9}},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387925690,"gmtCreate":1613712332510,"gmtModify":1634552540479,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"to the moon!","listText":"to the moon!","text":"to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/387925690","repostId":"1103921295","repostType":4,"repost":{"id":"1103921295","kind":"news","pubTimestamp":1613706165,"share":"https://www.laohunote.com/m/news/1103921295?lang=zh_CN&edition=full","pubTime":"2021-02-19 11:42","market":"us","language":"en","title":"GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103921295","media":"Marketwatch","summary":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressiona","content":"<p>  <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b>  YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO？也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间，一些观察家担心，许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团（Interactive Brokers Group）创始人兼董事长托马斯-彼得菲（Thomas Peterffy）表示，毫无疑问，这一 wasa 严重事件震撼了股市，使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上，这场交易风暴的关键人物之一的声明显示，年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫（Vlad Tenev）说：”与一些非常误导性和高度不知情的报道相反，我们看到的证据表明，我们的大多数客户都在进行长期投资。随着听证会的继续，他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道：”我们所看到的情况总体上与流行的备忘录不一致，这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者，他们在复杂的金融产品上投入大量资金，承担过大的风险，”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说，只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”，他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约，这可能比直接买入或卖出风险更高，回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题，他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说：”我们知道投资是严肃的，这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>（在游戏驿站事件发生之前，马萨诸塞州监管机构对 Robinhood 提起诉讼，指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。）</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘，游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何，特内夫的证词都让我们有趣地看到了最新的散户投资者是谁，以及他们向市场投入了多少资金。毕竟，在游戏驿站闹剧开始之前，散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查，55%的美国人直接拥有股票，而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁，一半的用户表示他们是首次投资者。根据 Tenev 的声明，账户规模中位数约为 240 美元，平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权，这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀（Barbara Roper）说，“考虑到 Robinhood 客户群的特点（不成比例的年轻、账户较小的首次投资者），我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词，Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明，9% 的用户是黑人，其他公司的这一比例为 3%，16% 是西班牙裔，而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所（Cato Institute）金融监管研究主任詹妮弗-舒尔普（Jennifer Schulp）作证说：”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说，散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学，这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出，FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示，他们的账户余额低于 500 美元，而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现，新投资者的种族更加多样化，17%的新投资者是黑人。民意调查显示，7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续，一些立法者质疑是否需要设置更多的护栏，而另一些立法者则表示，立法者不应屈尊于散户投资者，并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯（Maxine Waters）说：”许多美国人认为这个体系对他们不利，无论如何，华尔街总是会赢。“在这种情况下，许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望，考虑到许多散户投资者因系统波动而遭受的损失，许多人认为系统被操纵了，对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利（Patrick McHenry）说，游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说：”我认为，如果说我们从过去几周中学到了什么，那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说，政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外，让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔（Keith Gill），他是一位 34 岁的独立投资者，在网上拥有 “咆哮的小猫 ”这样的账号，他将自己在游戏驿站的投资变成了数百万美元。他告诉国会，他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说：”我会第一个承认投资股票和期权风险极大，人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法，他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average&nbsp;is up nearly 3% and the S&amp;P 500&nbsp;is up more than 4% in 2021.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨近 116%。2021年，道琼斯工业平均指数上涨近3%，标普500上涨超过4%。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 11:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b>  YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO？也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间，一些观察家担心，许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团（Interactive Brokers Group）创始人兼董事长托马斯-彼得菲（Thomas Peterffy）表示，毫无疑问，这一 wasa 严重事件震撼了股市，使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上，这场交易风暴的关键人物之一的声明显示，年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫（Vlad Tenev）说：”与一些非常误导性和高度不知情的报道相反，我们看到的证据表明，我们的大多数客户都在进行长期投资。随着听证会的继续，他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道：”我们所看到的情况总体上与流行的备忘录不一致，这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者，他们在复杂的金融产品上投入大量资金，承担过大的风险，”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说，只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”，他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约，这可能比直接买入或卖出风险更高，回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题，他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说：”我们知道投资是严肃的，这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>（在游戏驿站事件发生之前，马萨诸塞州监管机构对 Robinhood 提起诉讼，指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。）</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘，游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何，特内夫的证词都让我们有趣地看到了最新的散户投资者是谁，以及他们向市场投入了多少资金。毕竟，在游戏驿站闹剧开始之前，散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查，55%的美国人直接拥有股票，而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁，一半的用户表示他们是首次投资者。根据 Tenev 的声明，账户规模中位数约为 240 美元，平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权，这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀（Barbara Roper）说，“考虑到 Robinhood 客户群的特点（不成比例的年轻、账户较小的首次投资者），我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词，Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明，9% 的用户是黑人，其他公司的这一比例为 3%，16% 是西班牙裔，而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所（Cato Institute）金融监管研究主任詹妮弗-舒尔普（Jennifer Schulp）作证说：”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说，散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学，这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出，FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示，他们的账户余额低于 500 美元，而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现，新投资者的种族更加多样化，17%的新投资者是黑人。民意调查显示，7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续，一些立法者质疑是否需要设置更多的护栏，而另一些立法者则表示，立法者不应屈尊于散户投资者，并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯（Maxine Waters）说：”许多美国人认为这个体系对他们不利，无论如何，华尔街总是会赢。“在这种情况下，许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望，考虑到许多散户投资者因系统波动而遭受的损失，许多人认为系统被操纵了，对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利（Patrick McHenry）说，游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说：”我认为，如果说我们从过去几周中学到了什么，那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说，政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外，让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔（Keith Gill），他是一位 34 岁的独立投资者，在网上拥有 “咆哮的小猫 ”这样的账号，他将自己在游戏驿站的投资变成了数百万美元。他告诉国会，他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说：”我会第一个承认投资股票和期权风险极大，人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法，他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average&nbsp;is up nearly 3% and the S&amp;P 500&nbsp;is up more than 4% in 2021.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨近 116%。2021年，道琼斯工业平均指数上涨近3%，标普500上涨超过4%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1103921295","content_text":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.\n\nYOLO? Maybe not quite so.\nDuring the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.\nNo doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.\nBut at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.\n“Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.\n“What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.\nJust 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.\nIn the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.\n(Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)\nTenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.\nBut either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.\nFifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.\nThe median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.\nThe fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”\nRobinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.\n“Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.\nRetail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”\nShe pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.\nOne-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.\nThe survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.\nAs the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.\n“Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”\nThe GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.\n“I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”\nThe government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”\nOne of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.\n“I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”\nGameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382912653,"gmtCreate":1613347917072,"gmtModify":1634553919953,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"oknoted","listText":"oknoted","text":"oknoted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/382912653","repostId":"1168862133","repostType":4,"repost":{"id":"1168862133","kind":"news","pubTimestamp":1613024272,"share":"https://www.laohunote.com/m/news/1168862133?lang=zh_CN&edition=full","pubTime":"2021-02-11 14:17","market":"us","language":"en","title":"Best Stocks To Buy For 2021? 4 Fintech Stocks To Watch<blockquote>2021 年最值得购买的股票？4 只值得关注的金融科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168862133","media":"Nasdaq","summary":"If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat","content":"<p>If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat right now. This is thanks to a $1.5 billion investment into the cryptocurrency from electric vehicle titan Tesla (NASDAQ: TSLA). It is one of the latest large tech companies to not only invest in but eventually start acceptingBitcoinas payment. In fact, there have even been speculations of Apple (NASDAQ: AAPL) being well-positioned to join the cryptocurrency craze as well. How does this connect to fintech stocks?</p><p><blockquote>如果你关注最新的比特币新闻，你可能会知道金融科技股现在正处于热门话题。这要归功于电动汽车巨头特斯拉（纳斯达克股票代码：TSLA）对加密货币的 15 亿美元投资。它是最新一家不仅投资而且最终开始接受比特币支付的大型科技公司。事实上，甚至有人猜测苹果（纳斯达克股票代码：AAPL）也处于有利地位，可以加入加密货币热潮。这与金融科技股有何联系？</blockquote></p><p> Well, to begin with, fintech companies are the bridge that allows most of the general public access to cryptocurrencies such as Bitcoin. Alternatively, they are also key players in this current age of digital finance. Whatever way you cut it, the fintech industry is becoming more essential and is here to stay for the long run. Meanwhile, more conventional top fintech stocks like Mastercard (NYSE: MA) and American Express (NYSE: AXP) have mostly seen their shares recover to pre-pandemic levels. Therefore, investors would be logical in looking for thebest fintech stocks now. Having read till this point, you might be interested in investing in this industry yourself. If you are, here are four fintech stocks to consider now.</p><p><blockquote>首先，金融科技公司是让大多数公众能够接触到比特币等加密货币的桥梁。或者，他们也是当前数字金融时代的关键参与者。无论从哪个角度来看，金融科技行业正变得越来越重要，并且将长期存在。与此同时，万事达卡（纽约证券交易所代码：MA）和美国运通（纽约证券交易所代码：AXP）等更传统的顶级金融科技股的股价大多已恢复到大流行前的水平。因此，投资者现在寻找最好的金融科技股是合乎逻辑的。读到这里，你可能会对自己投资这个行业感兴趣。如果您是，现在可以考虑以下四只金融科技股。</blockquote></p><p> Top Fintech Stocks To Watch</p><p><blockquote>值得关注的顶级金融科技股</blockquote></p><p> <ul>  <li><b>Mogo Inc.</b>(NASDAQ: MOGO)</li>  <li><b>PayPal Holdings Inc.</b>(NASDAQ: PYPL)</li>  <li><b>Square Inc.</b>(NYSE: SQ)</li>  <li><b>Green Dot Corporation</b>(NYSE: GDOT)</li> </ul> Mogo Inc.</p><p><blockquote><ul><li><b>莫戈公司。</b>（纳斯达克：MOGO）</li><li><b>PayPal控股公司。</b>（纳斯达克：PYPL）</li><li><b>广场公司。</b>（纽约证券交易所代码：SQ）</li><li><b>绿点公司</b>（纽约证券交易所代码：GDOT）</li></ul>莫戈公司。</blockquote></p><p> Starting us off is Canadian fintech company Mogo. It offers a wide range of financial services ranging from personal loans, mortgages, a Visa Prepaid Card, and credit score viewing. More importantly, the company also facilitates Bitcoin transactions. This particular service has exploded together with the price of the cryptocurrency over the last month. Mogo saw massive month-over-month jumps of 141% in new Bitcoin accounts added and 323% in Bitcoin transaction volume in January. Likewise, MOGO stock is currently up by over 160% year-to-date. Aside from Bitcoin-related tailwinds, the company has also been hard at work expanding its financial portfolio.</p><p><blockquote>首先是加拿大金融科技公司Mogo。它提供广泛的金融服务，包括个人贷款、抵押贷款、Visa预付卡和信用评分查看。更重要的是，该公司还促进比特币交易。在过去的一个月里，这项特殊的服务随着加密货币的价格一起爆炸式增长。Mogo 一月份新增比特币账户环比大幅增长 141%，比特币交易量环比大幅增长 323%。同样，MOGO 股价今年迄今已上涨超过 160%。除了与比特币相关的有利因素外，该公司还一直在努力扩大其金融组合。</blockquote></p><p> For starters, Mogo acquired leading digital payments solutions provider Carta Worldwide, over two weeks ago. This move expanded Mogo’s addressable market by entering the global $2.5 trillion payments market. Following that, the company expanded into Japan last week via Carta. According to Mogo, this move was in support of the TransferWise multi-currency debit card launch in the country. With this move, Mogo continues to expand its market reach globally and seems eager to make the most of its newly acquired subsidiary. With the company firing on all cylinders now, will you be watching MOGO stock?</p><p><blockquote>首先，两周前，Mogo收购了全球领先的数字支付解决方案提供商Carta。此举通过进入全球 2.5 万亿美元的支付市场，扩大了 Mogo 的潜在市场。此后，该公司上周通过 Carta 将业务扩展到日本。据 Mogo 称，此举是为了支持 TransferWise 在该国推出多币种借记卡。通过此举，Mogo继续扩大其在全球的市场覆盖范围，并似乎渴望充分利用其新收购的子公司。随着公司现在全力以赴，您会关注 MOGO 股票吗？</blockquote></p><p> PayPal Holdings Inc.</p><p><blockquote>PayPal控股公司。</blockquote></p><p> Following that, we will be looking at fintech giant, PayPal. Just like our other entries on this list, the company does facilitate cryptocurrency transactions for its clients. Last week, PayPal reported record figures across the board. For its fourth quarter, the company saw a total payment volume (TPV) of $277 billion, a 39% increase year-over-year. Furthermore, the company’s earnings per share more than tripled over the same time as well. In detail, TPVs across its merchant services and Venmo app grew by 42% and 60% respectively. With PayPal riding both Bitcoin and pandemic tailwinds, PYPL stock continues to soar to greater heights. It has gained by over 230% since the March lows and closed yesterday at a record high. Investors may be wondering if it still has room to run moving forward.</p><p><blockquote>接下来，我们将关注金融科技巨头PayPal。就像我们在这个列表中的其他条目一样，该公司确实为其客户提供了加密货币交易。上周，PayPal公布了创纪录的数据。第四季度，该公司的总支付量（TPV）为2770亿美元，同比增长39%。此外，该公司的每股收益也同期增长了两倍多。具体来说，冠捷的商户服务和 Venmo 应用程序分别增长了 42% 和 60%。随着PayPal乘着比特币和疫情的顺风，PYPL 股票继续飙升至更高的高度。自 3 月份低点以来，该股已上涨超过 230%，并于昨日收盘创下历史新高。投资者可能想知道它是否还有前进的空间。</blockquote></p><p> For one thing, the company does not seem to be slowing down anytime soon. Yesterday, it announced a new collaboration with global commerce solutions provider Digital River (DR). To summarize, PayPal now has a new ‘pay later’ option available to U.S. clients on DR’s e-commerce platform.<i>The “Pay in 4</i>” feature will allow customers to pay for items priced from $30 to $600 across four interest-free payments. Simultaneously, merchants get paid upfront at no additional cost to the customer. As PayPal continues to make waves in the fintech space, could PYPL stock continue to flourish this year? You tell me.</p><p><blockquote>首先，该公司似乎不会很快放缓。昨天，它宣布与全球商务解决方案提供商Digital River(DR)进行新的合作。总而言之，PayPal现在在 DR 的电子商务平台上为美国客户提供了一个新的 “稍后付款 ”选项。<i>“分4期付款”</i>该功能将允许客户分四次免息付款支付价格从30美元到600美元不等的商品。同时，商家无需向客户支付额外费用即可获得预付款。随着PayPal继续在金融科技领域掀起波澜，PYPL股票今年能否继续蓬勃发展？你告诉我。</blockquote></p><p> Square Inc.</p><p><blockquote>广场公司。</blockquote></p><p></p><p> Another top fintech company on the radar now would be Square. Aside from its Bitcoin-related services, the leading fintech player does bring a lot to the table. Whether it is financial solutions, merchant services, or mobile payment, Square’s offerings compete with the best in the field. For the uninitiated, the company markets software and hardware payments products to businesses of all sizes. At the same time, its consumer-focused digital payment ecosystem, Cash App, has also seen mind-blowing growth in the past year. Square reported having 30 million monthly active users on the app which generated over $2 billion in revenue in its recent quarter. Seasoned investors would be familiar with the meteoric rise of the company. Indeed, SQ stock has and continues to impress with gains of over 200% in the past year. With the current focus on fintech, could investors continue to find more value in SQ stock?</p><p><blockquote>另一家备受关注的顶级金融科技公司是 Square。除了与比特币相关的服务，这家领先的金融科技公司确实带来了很多东西。无论是金融解决方案、商户服务还是移动支付，Square 的产品都能与该领域的佼佼者竞争。对于门外汉，该公司向各种规模的企业销售软件和硬件支付产品。与此同时，其以消费者为中心的数字支付生态系统Cash App在过去一年也出现了令人兴奋的增长。Square 报告称，该应用程序拥有 3000 万月活跃用户，最近一个季度的收入超过 20 亿美元。经验丰富的投资者会熟悉该公司的迅速崛起。事实上，SQ 股票过去一年涨幅超过 200%，并将继续给人留下深刻印象。随着目前对金融科技的关注，投资者能否继续在 SQ 股票中发现更多价值？</blockquote></p><p> Well, it has been posting phenomenal figures on the business side of things. In its third-quarter fiscal reported in November, it saw a year-over-year surge of 139% in total revenue and 246% in cash on hand. Specifically, Cash App’s gross profit skyrocketed by 212% year-over-year. All things considered, will you be watching SQ stock ahead of Square’s upcomingearnings callon February 23?</p><p><blockquote>嗯，它在商业方面公布了惊人的数据。在 11 月份公布的第三季度财报中，该公司总收入同比增长 139%，手头现金同比增长 246%。具体来说，Cash App 的毛利润同比飙升 212%。综合考虑，在 Square 即将于 2 月 23 日发布财报之前，您会关注 SQ 股票吗？</blockquote></p><p> Green Dot Corporation</p><p><blockquote>绿点公司</blockquote></p><p> Undoubtedly, Green Dot is a fintech industry-veteran that should not be overlooked. As it stands, Green Dot is the world’s largest prepaid debit card company by market capitalization. The company also boasts an impressive list of clients, to say the least. Its fintech partners include but are not limited to, Google (NASDAQ: GOOGL), Uber (NYSE: UBER), and Walmart (NYSE: WMT). Equally impressive is GDOT stock’s growth of over 220% since the March selloffs. With Green Dot slated to release its fourth-quarter earnings on February 22, I can see investors watching GDOT stock closely.</p><p><blockquote>毫无疑问，绿点是不容忽视的金融科技行业老手。目前，Green Dot 是全球市值最大的预付借记卡公司。至少可以说，该公司还拥有令人印象深刻的客户名单。其金融科技合作伙伴包括但不限于谷歌（纳斯达克代码：GOOGL）、优步（纽约证券交易所代码：UBER）和沃尔玛（纽约证券交易所代码：WMT）。同样令人印象深刻的是 GDOT 股票自 3 月份抛售以来增长了 220% 以上。随着 Green Dot 定于 2 月 22 日发布第四季度收益，我可以看到投资者正在密切关注 GDOT 股票。</blockquote></p><p> For the most part, the company has been hard at work maintaining its current momentum. Last month, the company launched a new mobile bank focused on addressing the two in three Americans “<i>living from paycheck to paycheck</i>”. Through this, Green Dot is leveraging its rich industry experience to provide affordable banking solutions for clients in need. In the long run, this could play out well for Green Dot as it engages consumers amidst these troubling times. Moreover, the company appointed a new CTO in Gyorgy Tomso last week. CEO Dan Henry said, “<i>Gyorgy is a fintech veteran whose deep experience leading technology strategy for financial services companies is going to be instrumental in Green Dot’s growth as a leading fintech.</i>” Has all this convinced you to add GDOT to your watchlist?</p><p><blockquote>在很大程度上，该公司一直在努力保持目前的势头。上个月，该公司推出了一款新的移动银行，专注于满足三分之二的美国人的需求。<i>靠薪水生活</i>”.通过这种方式，绿点正在利用其丰富的行业经验，为有需要的客户提供负担得起的银行解决方案。从长远来看，这对绿点来说可能会很好，因为它在这个动荡的时期吸引了消费者。此外，该公司上周任命了 Gyorgy Tomso 为新的首席技术官。首席执行官丹·亨利说：“<i>Gyorgy 是一位金融科技资深人士，他在领导金融服务公司技术战略方面拥有丰富的经验，这将有助于 Green Dot 发展成为一家领先的金融科技公司。</i>“这一切是否说服你把GDOT加入你的观察名单？</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Stocks To Buy For 2021? 4 Fintech Stocks To Watch<blockquote>2021 年最值得购买的股票？4 只值得关注的金融科技股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Stocks To Buy For 2021? 4 Fintech Stocks To Watch<blockquote>2021 年最值得购买的股票？4 只值得关注的金融科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-02-11 14:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat right now. This is thanks to a $1.5 billion investment into the cryptocurrency from electric vehicle titan Tesla (NASDAQ: TSLA). It is one of the latest large tech companies to not only invest in but eventually start acceptingBitcoinas payment. In fact, there have even been speculations of Apple (NASDAQ: AAPL) being well-positioned to join the cryptocurrency craze as well. How does this connect to fintech stocks?</p><p><blockquote>如果你关注最新的比特币新闻，你可能会知道金融科技股现在正处于热门话题。这要归功于电动汽车巨头特斯拉（纳斯达克股票代码：TSLA）对加密货币的 15 亿美元投资。它是最新一家不仅投资而且最终开始接受比特币支付的大型科技公司。事实上，甚至有人猜测苹果（纳斯达克股票代码：AAPL）也处于有利地位，可以加入加密货币热潮。这与金融科技股有何联系？</blockquote></p><p> Well, to begin with, fintech companies are the bridge that allows most of the general public access to cryptocurrencies such as Bitcoin. Alternatively, they are also key players in this current age of digital finance. Whatever way you cut it, the fintech industry is becoming more essential and is here to stay for the long run. Meanwhile, more conventional top fintech stocks like Mastercard (NYSE: MA) and American Express (NYSE: AXP) have mostly seen their shares recover to pre-pandemic levels. Therefore, investors would be logical in looking for thebest fintech stocks now. Having read till this point, you might be interested in investing in this industry yourself. If you are, here are four fintech stocks to consider now.</p><p><blockquote>首先，金融科技公司是让大多数公众能够接触到比特币等加密货币的桥梁。或者，他们也是当前数字金融时代的关键参与者。无论从哪个角度来看，金融科技行业正变得越来越重要，并且将长期存在。与此同时，万事达卡（纽约证券交易所代码：MA）和美国运通（纽约证券交易所代码：AXP）等更传统的顶级金融科技股的股价大多已恢复到大流行前的水平。因此，投资者现在寻找最好的金融科技股是合乎逻辑的。读到这里，你可能会对自己投资这个行业感兴趣。如果您是，现在可以考虑以下四只金融科技股。</blockquote></p><p> Top Fintech Stocks To Watch</p><p><blockquote>值得关注的顶级金融科技股</blockquote></p><p> <ul>  <li><b>Mogo Inc.</b>(NASDAQ: MOGO)</li>  <li><b>PayPal Holdings Inc.</b>(NASDAQ: PYPL)</li>  <li><b>Square Inc.</b>(NYSE: SQ)</li>  <li><b>Green Dot Corporation</b>(NYSE: GDOT)</li> </ul> Mogo Inc.</p><p><blockquote><ul><li><b>莫戈公司。</b>（纳斯达克：MOGO）</li><li><b>PayPal控股公司。</b>（纳斯达克：PYPL）</li><li><b>广场公司。</b>（纽约证券交易所代码：SQ）</li><li><b>绿点公司</b>（纽约证券交易所代码：GDOT）</li></ul>莫戈公司。</blockquote></p><p> Starting us off is Canadian fintech company Mogo. It offers a wide range of financial services ranging from personal loans, mortgages, a Visa Prepaid Card, and credit score viewing. More importantly, the company also facilitates Bitcoin transactions. This particular service has exploded together with the price of the cryptocurrency over the last month. Mogo saw massive month-over-month jumps of 141% in new Bitcoin accounts added and 323% in Bitcoin transaction volume in January. Likewise, MOGO stock is currently up by over 160% year-to-date. Aside from Bitcoin-related tailwinds, the company has also been hard at work expanding its financial portfolio.</p><p><blockquote>首先是加拿大金融科技公司Mogo。它提供广泛的金融服务，包括个人贷款、抵押贷款、Visa预付卡和信用评分查看。更重要的是，该公司还促进比特币交易。在过去的一个月里，这项特殊的服务随着加密货币的价格一起爆炸式增长。Mogo 一月份新增比特币账户环比大幅增长 141%，比特币交易量环比大幅增长 323%。同样，MOGO 股价今年迄今已上涨超过 160%。除了与比特币相关的有利因素外，该公司还一直在努力扩大其金融组合。</blockquote></p><p> For starters, Mogo acquired leading digital payments solutions provider Carta Worldwide, over two weeks ago. This move expanded Mogo’s addressable market by entering the global $2.5 trillion payments market. Following that, the company expanded into Japan last week via Carta. According to Mogo, this move was in support of the TransferWise multi-currency debit card launch in the country. With this move, Mogo continues to expand its market reach globally and seems eager to make the most of its newly acquired subsidiary. With the company firing on all cylinders now, will you be watching MOGO stock?</p><p><blockquote>首先，两周前，Mogo收购了全球领先的数字支付解决方案提供商Carta。此举通过进入全球 2.5 万亿美元的支付市场，扩大了 Mogo 的潜在市场。此后，该公司上周通过 Carta 将业务扩展到日本。据 Mogo 称，此举是为了支持 TransferWise 在该国推出多币种借记卡。通过此举，Mogo继续扩大其在全球的市场覆盖范围，并似乎渴望充分利用其新收购的子公司。随着公司现在全力以赴，您会关注 MOGO 股票吗？</blockquote></p><p> PayPal Holdings Inc.</p><p><blockquote>PayPal控股公司。</blockquote></p><p> Following that, we will be looking at fintech giant, PayPal. Just like our other entries on this list, the company does facilitate cryptocurrency transactions for its clients. Last week, PayPal reported record figures across the board. For its fourth quarter, the company saw a total payment volume (TPV) of $277 billion, a 39% increase year-over-year. Furthermore, the company’s earnings per share more than tripled over the same time as well. In detail, TPVs across its merchant services and Venmo app grew by 42% and 60% respectively. With PayPal riding both Bitcoin and pandemic tailwinds, PYPL stock continues to soar to greater heights. It has gained by over 230% since the March lows and closed yesterday at a record high. Investors may be wondering if it still has room to run moving forward.</p><p><blockquote>接下来，我们将关注金融科技巨头PayPal。就像我们在这个列表中的其他条目一样，该公司确实为其客户提供了加密货币交易。上周，PayPal公布了创纪录的数据。第四季度，该公司的总支付量（TPV）为2770亿美元，同比增长39%。此外，该公司的每股收益也同期增长了两倍多。具体来说，冠捷的商户服务和 Venmo 应用程序分别增长了 42% 和 60%。随着PayPal乘着比特币和疫情的顺风，PYPL 股票继续飙升至更高的高度。自 3 月份低点以来，该股已上涨超过 230%，并于昨日收盘创下历史新高。投资者可能想知道它是否还有前进的空间。</blockquote></p><p> For one thing, the company does not seem to be slowing down anytime soon. Yesterday, it announced a new collaboration with global commerce solutions provider Digital River (DR). To summarize, PayPal now has a new ‘pay later’ option available to U.S. clients on DR’s e-commerce platform.<i>The “Pay in 4</i>” feature will allow customers to pay for items priced from $30 to $600 across four interest-free payments. Simultaneously, merchants get paid upfront at no additional cost to the customer. As PayPal continues to make waves in the fintech space, could PYPL stock continue to flourish this year? You tell me.</p><p><blockquote>首先，该公司似乎不会很快放缓。昨天，它宣布与全球商务解决方案提供商Digital River(DR)进行新的合作。总而言之，PayPal现在在 DR 的电子商务平台上为美国客户提供了一个新的 “稍后付款 ”选项。<i>“分4期付款”</i>该功能将允许客户分四次免息付款支付价格从30美元到600美元不等的商品。同时，商家无需向客户支付额外费用即可获得预付款。随着PayPal继续在金融科技领域掀起波澜，PYPL股票今年能否继续蓬勃发展？你告诉我。</blockquote></p><p> Square Inc.</p><p><blockquote>广场公司。</blockquote></p><p></p><p> Another top fintech company on the radar now would be Square. Aside from its Bitcoin-related services, the leading fintech player does bring a lot to the table. Whether it is financial solutions, merchant services, or mobile payment, Square’s offerings compete with the best in the field. For the uninitiated, the company markets software and hardware payments products to businesses of all sizes. At the same time, its consumer-focused digital payment ecosystem, Cash App, has also seen mind-blowing growth in the past year. Square reported having 30 million monthly active users on the app which generated over $2 billion in revenue in its recent quarter. Seasoned investors would be familiar with the meteoric rise of the company. Indeed, SQ stock has and continues to impress with gains of over 200% in the past year. With the current focus on fintech, could investors continue to find more value in SQ stock?</p><p><blockquote>另一家备受关注的顶级金融科技公司是 Square。除了与比特币相关的服务，这家领先的金融科技公司确实带来了很多东西。无论是金融解决方案、商户服务还是移动支付，Square 的产品都能与该领域的佼佼者竞争。对于门外汉，该公司向各种规模的企业销售软件和硬件支付产品。与此同时，其以消费者为中心的数字支付生态系统Cash App在过去一年也出现了令人兴奋的增长。Square 报告称，该应用程序拥有 3000 万月活跃用户，最近一个季度的收入超过 20 亿美元。经验丰富的投资者会熟悉该公司的迅速崛起。事实上，SQ 股票过去一年涨幅超过 200%，并将继续给人留下深刻印象。随着目前对金融科技的关注，投资者能否继续在 SQ 股票中发现更多价值？</blockquote></p><p> Well, it has been posting phenomenal figures on the business side of things. In its third-quarter fiscal reported in November, it saw a year-over-year surge of 139% in total revenue and 246% in cash on hand. Specifically, Cash App’s gross profit skyrocketed by 212% year-over-year. All things considered, will you be watching SQ stock ahead of Square’s upcomingearnings callon February 23?</p><p><blockquote>嗯，它在商业方面公布了惊人的数据。在 11 月份公布的第三季度财报中，该公司总收入同比增长 139%，手头现金同比增长 246%。具体来说，Cash App 的毛利润同比飙升 212%。综合考虑，在 Square 即将于 2 月 23 日发布财报之前，您会关注 SQ 股票吗？</blockquote></p><p> Green Dot Corporation</p><p><blockquote>绿点公司</blockquote></p><p> Undoubtedly, Green Dot is a fintech industry-veteran that should not be overlooked. As it stands, Green Dot is the world’s largest prepaid debit card company by market capitalization. The company also boasts an impressive list of clients, to say the least. Its fintech partners include but are not limited to, Google (NASDAQ: GOOGL), Uber (NYSE: UBER), and Walmart (NYSE: WMT). Equally impressive is GDOT stock’s growth of over 220% since the March selloffs. With Green Dot slated to release its fourth-quarter earnings on February 22, I can see investors watching GDOT stock closely.</p><p><blockquote>毫无疑问，绿点是不容忽视的金融科技行业老手。目前，Green Dot 是全球市值最大的预付借记卡公司。至少可以说，该公司还拥有令人印象深刻的客户名单。其金融科技合作伙伴包括但不限于谷歌（纳斯达克代码：GOOGL）、优步（纽约证券交易所代码：UBER）和沃尔玛（纽约证券交易所代码：WMT）。同样令人印象深刻的是 GDOT 股票自 3 月份抛售以来增长了 220% 以上。随着 Green Dot 定于 2 月 22 日发布第四季度收益，我可以看到投资者正在密切关注 GDOT 股票。</blockquote></p><p> For the most part, the company has been hard at work maintaining its current momentum. Last month, the company launched a new mobile bank focused on addressing the two in three Americans “<i>living from paycheck to paycheck</i>”. Through this, Green Dot is leveraging its rich industry experience to provide affordable banking solutions for clients in need. In the long run, this could play out well for Green Dot as it engages consumers amidst these troubling times. Moreover, the company appointed a new CTO in Gyorgy Tomso last week. CEO Dan Henry said, “<i>Gyorgy is a fintech veteran whose deep experience leading technology strategy for financial services companies is going to be instrumental in Green Dot’s growth as a leading fintech.</i>” Has all this convinced you to add GDOT to your watchlist?</p><p><blockquote>在很大程度上，该公司一直在努力保持目前的势头。上个月，该公司推出了一款新的移动银行，专注于满足三分之二的美国人的需求。<i>靠薪水生活</i>”.通过这种方式，绿点正在利用其丰富的行业经验，为有需要的客户提供负担得起的银行解决方案。从长远来看，这对绿点来说可能会很好，因为它在这个动荡的时期吸引了消费者。此外，该公司上周任命了 Gyorgy Tomso 为新的首席技术官。首席执行官丹·亨利说：“<i>Gyorgy 是一位金融科技资深人士，他在领导金融服务公司技术战略方面拥有丰富的经验，这将有助于 Green Dot 发展成为一家领先的金融科技公司。</i>“这一切是否说服你把GDOT加入你的观察名单？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/best-stocks-to-buy-for-2021-4-fintech-stocks-to-watch-2021-02-10\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.nasdaq.com/articles/best-stocks-to-buy-for-2021-4-fintech-stocks-to-watch-2021-02-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168862133","content_text":"If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat right now. This is thanks to a $1.5 billion investment into the cryptocurrency from electric vehicle titan Tesla (NASDAQ: TSLA). It is one of the latest large tech companies to not only invest in but eventually start acceptingBitcoinas payment. In fact, there have even been speculations of Apple (NASDAQ: AAPL) being well-positioned to join the cryptocurrency craze as well. How does this connect to fintech stocks?\nWell, to begin with, fintech companies are the bridge that allows most of the general public access to cryptocurrencies such as Bitcoin. Alternatively, they are also key players in this current age of digital finance. Whatever way you cut it, the fintech industry is becoming more essential and is here to stay for the long run. Meanwhile, more conventional top fintech stocks like Mastercard (NYSE: MA) and American Express (NYSE: AXP) have mostly seen their shares recover to pre-pandemic levels. Therefore, investors would be logical in looking for thebest fintech stocks now. Having read till this point, you might be interested in investing in this industry yourself. If you are, here are four fintech stocks to consider now.\nTop Fintech Stocks To Watch\n\nMogo Inc.(NASDAQ: MOGO)\nPayPal Holdings Inc.(NASDAQ: PYPL)\nSquare Inc.(NYSE: SQ)\nGreen Dot Corporation(NYSE: GDOT)\n\nMogo Inc.\nStarting us off is Canadian fintech company Mogo. It offers a wide range of financial services ranging from personal loans, mortgages, a Visa Prepaid Card, and credit score viewing. More importantly, the company also facilitates Bitcoin transactions. This particular service has exploded together with the price of the cryptocurrency over the last month. Mogo saw massive month-over-month jumps of 141% in new Bitcoin accounts added and 323% in Bitcoin transaction volume in January. Likewise, MOGO stock is currently up by over 160% year-to-date. Aside from Bitcoin-related tailwinds, the company has also been hard at work expanding its financial portfolio.\nFor starters, Mogo acquired leading digital payments solutions provider Carta Worldwide, over two weeks ago. This move expanded Mogo’s addressable market by entering the global $2.5 trillion payments market. Following that, the company expanded into Japan last week via Carta. According to Mogo, this move was in support of the TransferWise multi-currency debit card launch in the country. With this move, Mogo continues to expand its market reach globally and seems eager to make the most of its newly acquired subsidiary. With the company firing on all cylinders now, will you be watching MOGO stock?\nPayPal Holdings Inc.\nFollowing that, we will be looking at fintech giant, PayPal. Just like our other entries on this list, the company does facilitate cryptocurrency transactions for its clients. Last week, PayPal reported record figures across the board. For its fourth quarter, the company saw a total payment volume (TPV) of $277 billion, a 39% increase year-over-year. Furthermore, the company’s earnings per share more than tripled over the same time as well. In detail, TPVs across its merchant services and Venmo app grew by 42% and 60% respectively. With PayPal riding both Bitcoin and pandemic tailwinds, PYPL stock continues to soar to greater heights. It has gained by over 230% since the March lows and closed yesterday at a record high. Investors may be wondering if it still has room to run moving forward.\nFor one thing, the company does not seem to be slowing down anytime soon. Yesterday, it announced a new collaboration with global commerce solutions provider Digital River (DR). To summarize, PayPal now has a new ‘pay later’ option available to U.S. clients on DR’s e-commerce platform.The “Pay in 4” feature will allow customers to pay for items priced from $30 to $600 across four interest-free payments. Simultaneously, merchants get paid upfront at no additional cost to the customer. As PayPal continues to make waves in the fintech space, could PYPL stock continue to flourish this year? You tell me.\nSquare Inc.\nAnother top fintech company on the radar now would be Square. Aside from its Bitcoin-related services, the leading fintech player does bring a lot to the table. Whether it is financial solutions, merchant services, or mobile payment, Square’s offerings compete with the best in the field. For the uninitiated, the company markets software and hardware payments products to businesses of all sizes. At the same time, its consumer-focused digital payment ecosystem, Cash App, has also seen mind-blowing growth in the past year. Square reported having 30 million monthly active users on the app which generated over $2 billion in revenue in its recent quarter. Seasoned investors would be familiar with the meteoric rise of the company. Indeed, SQ stock has and continues to impress with gains of over 200% in the past year. With the current focus on fintech, could investors continue to find more value in SQ stock?\nWell, it has been posting phenomenal figures on the business side of things. In its third-quarter fiscal reported in November, it saw a year-over-year surge of 139% in total revenue and 246% in cash on hand. Specifically, Cash App’s gross profit skyrocketed by 212% year-over-year. All things considered, will you be watching SQ stock ahead of Square’s upcomingearnings callon February 23?\nGreen Dot Corporation\nUndoubtedly, Green Dot is a fintech industry-veteran that should not be overlooked. As it stands, Green Dot is the world’s largest prepaid debit card company by market capitalization. The company also boasts an impressive list of clients, to say the least. Its fintech partners include but are not limited to, Google (NASDAQ: GOOGL), Uber (NYSE: UBER), and Walmart (NYSE: WMT). Equally impressive is GDOT stock’s growth of over 220% since the March selloffs. With Green Dot slated to release its fourth-quarter earnings on February 22, I can see investors watching GDOT stock closely.\nFor the most part, the company has been hard at work maintaining its current momentum. Last month, the company launched a new mobile bank focused on addressing the two in three Americans “living from paycheck to paycheck”. Through this, Green Dot is leveraging its rich industry experience to provide affordable banking solutions for clients in need. In the long run, this could play out well for Green Dot as it engages consumers amidst these troubling times. Moreover, the company appointed a new CTO in Gyorgy Tomso last week. CEO Dan Henry said, “Gyorgy is a fintech veteran whose deep experience leading technology strategy for financial services companies is going to be instrumental in Green Dot’s growth as a leading fintech.” Has all this convinced you to add GDOT to your watchlist?","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328298274,"gmtCreate":1615527080998,"gmtModify":1703490458871,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"noted","listText":"noted","text":"noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328298274","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohunote.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Daylight Saving Time<blockquote>美国夏令时</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364583989,"gmtCreate":1614864517841,"gmtModify":1703482157009,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/364583989","repostId":"1104042346","repostType":4,"isVote":1,"tweetType":1,"viewCount":3643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384946613,"gmtCreate":1613610084932,"gmtModify":1634552967372,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"index fund shouldnt","listText":"index fund shouldnt","text":"index fund shouldnt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384946613","repostId":"1195476575","repostType":4,"repost":{"id":"1195476575","kind":"news","pubTimestamp":1613555269,"share":"https://www.laohunote.com/m/news/1195476575?lang=zh_CN&edition=full","pubTime":"2021-02-17 17:47","market":"us","language":"en","title":"Index funds don’t buy IPOs but here’s why they should<blockquote>指数基金不买 IPO，但原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195476575","media":"MarketWatch","summary":"How indexed mutual funds and ETFs can capture the powerful gains when a company goes public\nThe U.S.","content":"<p>How indexed mutual funds and ETFs can capture the powerful gains when a company goes public</p><p><blockquote>指数共同基金和 ETF 如何在公司上市时捕捉巨大收益</blockquote></p><p> The U.S. market for IPOs (initial public offerings) was red hot in 2020.&nbsp; Excluding special purpose acquisition vehicles, U.S. IPOs last year raised $83 billion in gross proceeds.&nbsp; The prices of these IPOs jumped during the initial day of trading by 36% on average.</p><p><blockquote>2020年，美国首次公开募股（IPO）市场火爆。不包括特殊目的收购工具，去年美国首次公开募股筹集了830亿美元的总收益。这些首次公开募股的价格在首个交易日平均上涨了36%。</blockquote></p><p> Despite these high returns, index funds — including mutual funds and exchange-traded funds — almost never bought IPOs at their initial offering price.&nbsp; Instead, index funds waited to buy IPO stocks until near the date on which they were added to the relevant index — typically at the end of a quarter within six months to a year after the IPO.</p><p><blockquote>尽管回报率很高，但指数基金——包括共同基金和交易所交易基金——几乎从未以首次发行价购买IPO股票。相反，指数基金等到IPO股票被纳入相关指数的日期附近才购买IPO股票——通常是在IPO后六个月到一年内的一个季度末。</blockquote></p><p> Yet as the index inclusion date nears for any IPO, its price typically surges in anticipation of a barrage of purchases — driving up the price that index funds must pay for that stock.&nbsp; For example, the price of Tesla&nbsp;spiked once it became likely that the company would be added to the S&amp;P500.</p><p><blockquote>然而，随着任何 IPO 的指数纳入日期临近，其价格通常会因预期会出现大量购买而飙升，从而推高指数基金必须为该股票支付的价格。例如，一旦特斯拉有可能被纳入标准普尔 500 指数，该公司的价格就会飙升。</blockquote></p><p> In this article, I outline the data from 2010 to 2018 about the high initial returns for IPOs as well as the concerns holding back index funds from buying IPOs before they are included in the index.&nbsp; Then, I make a path-breaking proposal — allowing any index fund that tracks the Russell 1000 Index&nbsp;to meet these concerns by early buying of IPOs if, and only if, they are large relative to the size of the index.</p><p><blockquote>在本文中，我概述了2010年至2018年关于首次公开募股高初始回报的数据，以及阻碍指数基金在首次公开募股被纳入指数之前购买首次公开募股的担忧。然后，我提出了一个开创性的建议——允许任何跟踪罗素1000指数的指数基金通过提前购买首次公开募股来解决这些问题，前提是它们相对于指数规模较大。</blockquote></p><p> Like many other studies,the study that I co-authored with two experts on indexing&nbsp;found high returns in IPO stock prices during the initial day of trading. After this initial day of trading, the study evaluated IPO returns by a measure known as the index-adjusted performance (IAP) — the difference between the total return of the security and the total return of the index from the closing price on the first day of trading to the closing price of any following day.&nbsp; For example, a positive IAP would signal that an IPO has outperformed the index from the close of the first day of trading until the date the IPO is included in the relevant index.</p><p><blockquote>与许多其他研究一样，我与两位指数化专家合著的这项研究发现，IPO股票价格在首日交易中回报率很高。在第一个交易日之后，该研究通过一种称为指数调整后的表现（IAP）的指标来评估IPO回报，IAP是证券的总回报与从交易日收盘价到随后任何一天收盘价的指数总回报之间的差额。例如，正的IAP将表明IPO从第一个交易日收盘到IPO被纳入相关指数之日的表现优于指数。</blockquote></p><p> The study calculated these two metrics of returns for all 932 U.S. IPOs offered in the nine years between January 2010 and December 2018.&nbsp; Of these 932 IPOs, 115 were included in the Russell 1000 within the first six months of trading.</p><p><blockquote>该研究计算了 2010 年 1 月至 2018 年 12 月这九年间所有 932 家美国 IPO 的这两个回报指标。在这 932 家 IPO 中，有 115 家在交易的前六个月内被纳入罗素 1000 指数。</blockquote></p><p> The study used the Russell 1000 because it includes 92% of the total market capitalization of all listed stocks in the U.S. equity market.&nbsp; The Russell 1000 contains the top 1000 publicly traded U.S. companies according to market capitalization.&nbsp; IPOs are considered for inclusion at the end of each quarter, strictly based on their market capitalization.</p><p><blockquote>这项研究使用了罗素1000指数，因为它包括了美国股市所有上市股票总市值的92%。罗素1000指数包含了市值排名前1000的美国上市公司。严格根据市值，在每个季度末考虑将首次公开募股纳入考量。</blockquote></p><p> The first-day return for these 115 IPOs was highly positive — 22% on average with a median gain of 10%. &nbsp;Similarly, looking at the IAP for these 115 IPOs included in the Russell 1000, the study found a positive trend — with an average IAP of 6.89% and median of 5.24% between the IPO and the index inclusion date.</p><p><blockquote>这 115 只 IPO 的首日回报率非常高——平均回报率为 22%，中位数涨幅为 10%。同样，通过查看罗素1000指数中包含的这115个IPO的IAP，该研究发现了一个积极的趋势——IPO和指数纳入日期之间的平均IAP为6.89%，中位数为5.24%。</blockquote></p><p> Both of these trends show that index funds could generate excess return by buying IPOs before they are added to the index.&nbsp; The greatest return could be realized by buying IPOs at the initial offering price and holding them through the index inclusion date.&nbsp; Index funds could also realize significant excess returns by buying IPOs after their first day of trading and holding them through the index inclusion date.</p><p><blockquote>这两个趋势都表明，指数基金可以通过在IPO被添加到指数之前购买它们来产生超额回报。最大的回报可以通过以首次发行价购买IPO并持有它们直到指数纳入日期来实现。指数基金也可以通过在IPO交易首日后购买IPO并持有它们直到指数纳入日期来实现显著的超额回报。</blockquote></p><p> <b>Risks in the returns</b></p><p><blockquote><b>回报风险</b></blockquote></p><p> Index funds would face several risks associated with such early purchases of IPOs.</p><p><blockquote>指数基金将面临与此类早期购买 IPO 相关的多种风险。</blockquote></p><p> First, and most importantly, no one knows which IPOs will be added to the index at the time of the IPO.&nbsp; An index fund might purchase an IPO stock that doesn’t get added to the index.&nbsp; In that event, the fund would have to sell the IPO stock, potentially at a loss. The price of the IPO stock would decline because there would no longer be the expectation that other index funds would be required to buy that stock when it is added to the index.</p><p><blockquote>首先，也是最重要的一点，没有人知道哪些 IPO 会在 IPO 时被纳入指数。指数基金可能会购买一只没有被纳入指数的 IPO 股票。在这种情况下，基金将不得不出售 IPO 股票，而且可能会亏本。IPO股票的价格将会下跌，因为当该股票被添加到指数时，将不再有其他指数基金需要购买该股票的预期。</blockquote></p><p> A second concern is that an index fund would not get a large enough allocation in an IPO to reflect the stock’s future position in the index — for example, when a popular tech company goes public.&nbsp;Even so, an index fund can still generate excess returns by buying more of such a stock on the day following an IPO and holding that stock until it is added to the index.</p><p><blockquote>第二个担忧是，指数基金在首次公开募股（IPO）中无法获得足够大的分配，以反映该股票未来在指数中的地位--例如，当一家受欢迎的科技公司上市时。即便如此，指数基金仍然可以在首次公开募股后的第二天买入更多此类股票，并持有该股票直到被纳入指数，从而产生超额回报。</blockquote></p><p> Third, since the index fund would be holding stocks that are not included in the index — at least for several months — the fund would experience tracking error.&nbsp; Tracking error occurs when the returns on an index fund portfolio differ materially from those of the index it is benchmarked against.&nbsp; But investors would probably not be overly concerned if the fund beat the index it was designed to track.</p><p><blockquote>第三，由于指数基金将持有未包含在指数中的股票——至少在几个月内——该基金将出现跟踪误差。当指数基金投资组合的回报与其基准指数的回报存在重大差异时，就会出现跟踪误差。但如果基金跑赢了它设计跟踪的指数，投资者可能不会过度担心。</blockquote></p><p></p><p> Of course, the prospectus of such an index fund would have to make clear that it would be buying stocks in the initial offerings of IPOs and after their first day of trading. The prospectus should also delineate the risks involved when the fund buys IPOs before they are included in the index.</p><p><blockquote>当然，此类指数基金的招股说明书必须明确表示，它将在首次公开募股（IPO）的首次发行中以及首日交易后购买股票。招股说明书还应描述基金在首次公开募股被纳入指数之前购买所涉及的风险。</blockquote></p><p> To mitigate the most important risk — that the IPO will not be included in the index — I recommend that index funds should purchase an IPO only if its expected weight in the Russell 1000 is relatively large. The expected weight equals the gross proceeds raised by the IPO, divided by the total freely traded float of stocks in the index. &nbsp; Since the Russell 1000 Index is composed of the top 1000 U.S. companies by market capitalization, the larger the IPO is relative to the index, the more likely that the IPO will be added to that index.</p><p><blockquote>为了减轻最重要的风险——IPO 不会被纳入指数——我建议指数基金只有在罗素 1000 指数中的预期权重相对较大时才购买 IPO。预期权重等于首次公开募股筹集的总收益除以指数中股票的自由交易流通量总额。由于罗素 1000 指数由市值排名前 1000 的美国公司组成，因此 IPO 相对于该指数规模越大，IPO 就越有可能被添加到该指数中。</blockquote></p><p> This strategy could be adapted to varying risk tolerances of index funds by adjusting the size threshold for early purchases of an IPO.&nbsp; In a conservative strategy, the index fund would purchase only IPOs with the largest expected weight in the index, since they are most likely to be included in the index.&nbsp; In a more aggressive strategy, by contrast, the size threshold for buying IPOs would be lower.</p><p><blockquote>这种策略可以通过调整早期购买IPO的规模门槛来适应指数基金的不同风险承受能力。在保守的策略中，指数基金将只购买指数中预期权重最大的IPO，因为它们最有可能被纳入指数。相比之下，在更激进的策略中，购买IPO的规模门槛会更低。</blockquote></p><p> The study examined three thresholds for risk appetite, defined in terms of the expected weight of the IPO in the index: 1.0 basis point for conservative; 0.75 basis point for pragmatic and 0.50 basis point for aggressive. (One basis point equals 1/100 of 1%)</p><p><blockquote>该研究考察了风险偏好的三个阈值，根据 IPO 在指数中的预期权重来定义：保守 1.0 个基点；务实为0.75个基点，激进为0.50个基点。（一个基点等于1%的1/100）</blockquote></p><p> The results, summarized in the table below, show that this strategy would have been successful at generating excess returns without significant risks during the period from 2010 through 2018.</p><p><blockquote>下表总结的结果表明，在2010年至2018年期间，该策略在没有重大风险的情况下成功产生超额回报。</blockquote></p><p> For example, 100% of the largest IPOs that would have been purchased under the conservative strategy during this period were added to the index within the first six months and generated excess returns above 15%.&nbsp; Under the aggressive strategy, 88% of the IPOs that would have been purchased during this period were included in the index within six months and generated excess returns of close to 17%.</p><p><blockquote>例如，在此期间，根据保守策略购买的最大IPO中，100%在前六个月内被纳入指数，并产生了超过15%的超额回报。根据激进策略，在此期间购买的88%的IPO在六个月内被纳入指数，并产生了接近17%的超额回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fc52461985f7a3ca10fac53ba2ccf05\" tg-width=\"1260\" tg-height=\"476\"></p><p><blockquote></blockquote></p><p> My recommendation is that an index fund based on the Russell 1000 buy relatively large IPOs in their initial offerings or, if necessary, immediately after their first day of trading. Although there is a modest risk that such IPOs will not subsequently be included in that index, the excess returns from this strategy outweigh the risks.</p><p><blockquote>我的建议是，基于罗素 1000 指数的指数基金在首次发行时购买相对较大的 IPO，或者如有必要，在第一天交易后立即购买。尽管此类首次公开募股随后不被纳入该指数的风险不大，但这种策略带来的超额回报超过了风险。</blockquote></p><p> I would not recommend that any index fund use this strategy to buy an IPO effected by merging a private company with a special acquisition vehicle.&nbsp;I also would not recommend this strategy for any index fund based on other indices where it is more difficult to predict when and whether IPO stocks will be included in the index, such as the S&amp;P 500, where stocks included are chosen by a committee.</p><p><blockquote>我不建议任何指数基金使用这种策略来购买通过将私营公司与特殊收购工具合并而产生的首次公开募股。我也不建议任何基于其他指数的指数基金采用这种策略，因为这些指数更难预测IPO股票何时以及是否会被纳入指数，例如标普500，纳入的股票是由一个委员会选择的。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Index funds don’t buy IPOs but here’s why they should<blockquote>指数基金不买 IPO，但原因如下</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndex funds don’t buy IPOs but here’s why they should<blockquote>指数基金不买 IPO，但原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-17 17:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>How indexed mutual funds and ETFs can capture the powerful gains when a company goes public</p><p><blockquote>指数共同基金和 ETF 如何在公司上市时捕捉巨大收益</blockquote></p><p> The U.S. market for IPOs (initial public offerings) was red hot in 2020.&nbsp; Excluding special purpose acquisition vehicles, U.S. IPOs last year raised $83 billion in gross proceeds.&nbsp; The prices of these IPOs jumped during the initial day of trading by 36% on average.</p><p><blockquote>2020年，美国首次公开募股（IPO）市场火爆。不包括特殊目的收购工具，去年美国首次公开募股筹集了830亿美元的总收益。这些首次公开募股的价格在首个交易日平均上涨了36%。</blockquote></p><p> Despite these high returns, index funds — including mutual funds and exchange-traded funds — almost never bought IPOs at their initial offering price.&nbsp; Instead, index funds waited to buy IPO stocks until near the date on which they were added to the relevant index — typically at the end of a quarter within six months to a year after the IPO.</p><p><blockquote>尽管回报率很高，但指数基金——包括共同基金和交易所交易基金——几乎从未以首次发行价购买IPO股票。相反，指数基金等到IPO股票被纳入相关指数的日期附近才购买IPO股票——通常是在IPO后六个月到一年内的一个季度末。</blockquote></p><p> Yet as the index inclusion date nears for any IPO, its price typically surges in anticipation of a barrage of purchases — driving up the price that index funds must pay for that stock.&nbsp; For example, the price of Tesla&nbsp;spiked once it became likely that the company would be added to the S&amp;P500.</p><p><blockquote>然而，随着任何 IPO 的指数纳入日期临近，其价格通常会因预期会出现大量购买而飙升，从而推高指数基金必须为该股票支付的价格。例如，一旦特斯拉有可能被纳入标准普尔 500 指数，该公司的价格就会飙升。</blockquote></p><p> In this article, I outline the data from 2010 to 2018 about the high initial returns for IPOs as well as the concerns holding back index funds from buying IPOs before they are included in the index.&nbsp; Then, I make a path-breaking proposal — allowing any index fund that tracks the Russell 1000 Index&nbsp;to meet these concerns by early buying of IPOs if, and only if, they are large relative to the size of the index.</p><p><blockquote>在本文中，我概述了2010年至2018年关于首次公开募股高初始回报的数据，以及阻碍指数基金在首次公开募股被纳入指数之前购买首次公开募股的担忧。然后，我提出了一个开创性的建议——允许任何跟踪罗素1000指数的指数基金通过提前购买首次公开募股来解决这些问题，前提是它们相对于指数规模较大。</blockquote></p><p> Like many other studies,the study that I co-authored with two experts on indexing&nbsp;found high returns in IPO stock prices during the initial day of trading. After this initial day of trading, the study evaluated IPO returns by a measure known as the index-adjusted performance (IAP) — the difference between the total return of the security and the total return of the index from the closing price on the first day of trading to the closing price of any following day.&nbsp; For example, a positive IAP would signal that an IPO has outperformed the index from the close of the first day of trading until the date the IPO is included in the relevant index.</p><p><blockquote>与许多其他研究一样，我与两位指数化专家合著的这项研究发现，IPO股票价格在首日交易中回报率很高。在第一个交易日之后，该研究通过一种称为指数调整后的表现（IAP）的指标来评估IPO回报，IAP是证券的总回报与从交易日收盘价到随后任何一天收盘价的指数总回报之间的差额。例如，正的IAP将表明IPO从第一个交易日收盘到IPO被纳入相关指数之日的表现优于指数。</blockquote></p><p> The study calculated these two metrics of returns for all 932 U.S. IPOs offered in the nine years between January 2010 and December 2018.&nbsp; Of these 932 IPOs, 115 were included in the Russell 1000 within the first six months of trading.</p><p><blockquote>该研究计算了 2010 年 1 月至 2018 年 12 月这九年间所有 932 家美国 IPO 的这两个回报指标。在这 932 家 IPO 中，有 115 家在交易的前六个月内被纳入罗素 1000 指数。</blockquote></p><p> The study used the Russell 1000 because it includes 92% of the total market capitalization of all listed stocks in the U.S. equity market.&nbsp; The Russell 1000 contains the top 1000 publicly traded U.S. companies according to market capitalization.&nbsp; IPOs are considered for inclusion at the end of each quarter, strictly based on their market capitalization.</p><p><blockquote>这项研究使用了罗素1000指数，因为它包括了美国股市所有上市股票总市值的92%。罗素1000指数包含了市值排名前1000的美国上市公司。严格根据市值，在每个季度末考虑将首次公开募股纳入考量。</blockquote></p><p> The first-day return for these 115 IPOs was highly positive — 22% on average with a median gain of 10%. &nbsp;Similarly, looking at the IAP for these 115 IPOs included in the Russell 1000, the study found a positive trend — with an average IAP of 6.89% and median of 5.24% between the IPO and the index inclusion date.</p><p><blockquote>这 115 只 IPO 的首日回报率非常高——平均回报率为 22%，中位数涨幅为 10%。同样，通过查看罗素1000指数中包含的这115个IPO的IAP，该研究发现了一个积极的趋势——IPO和指数纳入日期之间的平均IAP为6.89%，中位数为5.24%。</blockquote></p><p> Both of these trends show that index funds could generate excess return by buying IPOs before they are added to the index.&nbsp; The greatest return could be realized by buying IPOs at the initial offering price and holding them through the index inclusion date.&nbsp; Index funds could also realize significant excess returns by buying IPOs after their first day of trading and holding them through the index inclusion date.</p><p><blockquote>这两个趋势都表明，指数基金可以通过在IPO被添加到指数之前购买它们来产生超额回报。最大的回报可以通过以首次发行价购买IPO并持有它们直到指数纳入日期来实现。指数基金也可以通过在IPO交易首日后购买IPO并持有它们直到指数纳入日期来实现显著的超额回报。</blockquote></p><p> <b>Risks in the returns</b></p><p><blockquote><b>回报风险</b></blockquote></p><p> Index funds would face several risks associated with such early purchases of IPOs.</p><p><blockquote>指数基金将面临与此类早期购买 IPO 相关的多种风险。</blockquote></p><p> First, and most importantly, no one knows which IPOs will be added to the index at the time of the IPO.&nbsp; An index fund might purchase an IPO stock that doesn’t get added to the index.&nbsp; In that event, the fund would have to sell the IPO stock, potentially at a loss. The price of the IPO stock would decline because there would no longer be the expectation that other index funds would be required to buy that stock when it is added to the index.</p><p><blockquote>首先，也是最重要的一点，没有人知道哪些 IPO 会在 IPO 时被纳入指数。指数基金可能会购买一只没有被纳入指数的 IPO 股票。在这种情况下，基金将不得不出售 IPO 股票，而且可能会亏本。IPO股票的价格将会下跌，因为当该股票被添加到指数时，将不再有其他指数基金需要购买该股票的预期。</blockquote></p><p> A second concern is that an index fund would not get a large enough allocation in an IPO to reflect the stock’s future position in the index — for example, when a popular tech company goes public.&nbsp;Even so, an index fund can still generate excess returns by buying more of such a stock on the day following an IPO and holding that stock until it is added to the index.</p><p><blockquote>第二个担忧是，指数基金在首次公开募股（IPO）中无法获得足够大的分配，以反映该股票未来在指数中的地位--例如，当一家受欢迎的科技公司上市时。即便如此，指数基金仍然可以在首次公开募股后的第二天买入更多此类股票，并持有该股票直到被纳入指数，从而产生超额回报。</blockquote></p><p> Third, since the index fund would be holding stocks that are not included in the index — at least for several months — the fund would experience tracking error.&nbsp; Tracking error occurs when the returns on an index fund portfolio differ materially from those of the index it is benchmarked against.&nbsp; But investors would probably not be overly concerned if the fund beat the index it was designed to track.</p><p><blockquote>第三，由于指数基金将持有未包含在指数中的股票——至少在几个月内——该基金将出现跟踪误差。当指数基金投资组合的回报与其基准指数的回报存在重大差异时，就会出现跟踪误差。但如果基金跑赢了它设计跟踪的指数，投资者可能不会过度担心。</blockquote></p><p></p><p> Of course, the prospectus of such an index fund would have to make clear that it would be buying stocks in the initial offerings of IPOs and after their first day of trading. The prospectus should also delineate the risks involved when the fund buys IPOs before they are included in the index.</p><p><blockquote>当然，此类指数基金的招股说明书必须明确表示，它将在首次公开募股（IPO）的首次发行中以及首日交易后购买股票。招股说明书还应描述基金在首次公开募股被纳入指数之前购买所涉及的风险。</blockquote></p><p> To mitigate the most important risk — that the IPO will not be included in the index — I recommend that index funds should purchase an IPO only if its expected weight in the Russell 1000 is relatively large. The expected weight equals the gross proceeds raised by the IPO, divided by the total freely traded float of stocks in the index. &nbsp; Since the Russell 1000 Index is composed of the top 1000 U.S. companies by market capitalization, the larger the IPO is relative to the index, the more likely that the IPO will be added to that index.</p><p><blockquote>为了减轻最重要的风险——IPO 不会被纳入指数——我建议指数基金只有在罗素 1000 指数中的预期权重相对较大时才购买 IPO。预期权重等于首次公开募股筹集的总收益除以指数中股票的自由交易流通量总额。由于罗素 1000 指数由市值排名前 1000 的美国公司组成，因此 IPO 相对于该指数规模越大，IPO 就越有可能被添加到该指数中。</blockquote></p><p> This strategy could be adapted to varying risk tolerances of index funds by adjusting the size threshold for early purchases of an IPO.&nbsp; In a conservative strategy, the index fund would purchase only IPOs with the largest expected weight in the index, since they are most likely to be included in the index.&nbsp; In a more aggressive strategy, by contrast, the size threshold for buying IPOs would be lower.</p><p><blockquote>这种策略可以通过调整早期购买IPO的规模门槛来适应指数基金的不同风险承受能力。在保守的策略中，指数基金将只购买指数中预期权重最大的IPO，因为它们最有可能被纳入指数。相比之下，在更激进的策略中，购买IPO的规模门槛会更低。</blockquote></p><p> The study examined three thresholds for risk appetite, defined in terms of the expected weight of the IPO in the index: 1.0 basis point for conservative; 0.75 basis point for pragmatic and 0.50 basis point for aggressive. (One basis point equals 1/100 of 1%)</p><p><blockquote>该研究考察了风险偏好的三个阈值，根据 IPO 在指数中的预期权重来定义：保守 1.0 个基点；务实为0.75个基点，激进为0.50个基点。（一个基点等于1%的1/100）</blockquote></p><p> The results, summarized in the table below, show that this strategy would have been successful at generating excess returns without significant risks during the period from 2010 through 2018.</p><p><blockquote>下表总结的结果表明，在2010年至2018年期间，该策略在没有重大风险的情况下成功产生超额回报。</blockquote></p><p> For example, 100% of the largest IPOs that would have been purchased under the conservative strategy during this period were added to the index within the first six months and generated excess returns above 15%.&nbsp; Under the aggressive strategy, 88% of the IPOs that would have been purchased during this period were included in the index within six months and generated excess returns of close to 17%.</p><p><blockquote>例如，在此期间，根据保守策略购买的最大IPO中，100%在前六个月内被纳入指数，并产生了超过15%的超额回报。根据激进策略，在此期间购买的88%的IPO在六个月内被纳入指数，并产生了接近17%的超额回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fc52461985f7a3ca10fac53ba2ccf05\" tg-width=\"1260\" tg-height=\"476\"></p><p><blockquote></blockquote></p><p> My recommendation is that an index fund based on the Russell 1000 buy relatively large IPOs in their initial offerings or, if necessary, immediately after their first day of trading. Although there is a modest risk that such IPOs will not subsequently be included in that index, the excess returns from this strategy outweigh the risks.</p><p><blockquote>我的建议是，基于罗素 1000 指数的指数基金在首次发行时购买相对较大的 IPO，或者如有必要，在第一天交易后立即购买。尽管此类首次公开募股随后不被纳入该指数的风险不大，但这种策略带来的超额回报超过了风险。</blockquote></p><p> I would not recommend that any index fund use this strategy to buy an IPO effected by merging a private company with a special acquisition vehicle.&nbsp;I also would not recommend this strategy for any index fund based on other indices where it is more difficult to predict when and whether IPO stocks will be included in the index, such as the S&amp;P 500, where stocks included are chosen by a committee.</p><p><blockquote>我不建议任何指数基金使用这种策略来购买通过将私营公司与特殊收购工具合并而产生的首次公开募股。我也不建议任何基于其他指数的指数基金采用这种策略，因为这些指数更难预测IPO股票何时以及是否会被纳入指数，例如标普500，纳入的股票是由一个委员会选择的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/index-funds-dont-buy-ipos-but-heres-why-they-should-11613194940?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/index-funds-dont-buy-ipos-but-heres-why-they-should-11613194940?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1195476575","content_text":"How indexed mutual funds and ETFs can capture the powerful gains when a company goes public\nThe U.S. market for IPOs (initial public offerings) was red hot in 2020.  Excluding special purpose acquisition vehicles, U.S. IPOs last year raised $83 billion in gross proceeds.  The prices of these IPOs jumped during the initial day of trading by 36% on average.\nDespite these high returns, index funds — including mutual funds and exchange-traded funds — almost never bought IPOs at their initial offering price.  Instead, index funds waited to buy IPO stocks until near the date on which they were added to the relevant index — typically at the end of a quarter within six months to a year after the IPO.\nYet as the index inclusion date nears for any IPO, its price typically surges in anticipation of a barrage of purchases — driving up the price that index funds must pay for that stock.  For example, the price of Tesla spiked once it became likely that the company would be added to the S&P500.\nIn this article, I outline the data from 2010 to 2018 about the high initial returns for IPOs as well as the concerns holding back index funds from buying IPOs before they are included in the index.  Then, I make a path-breaking proposal — allowing any index fund that tracks the Russell 1000 Index to meet these concerns by early buying of IPOs if, and only if, they are large relative to the size of the index.\nLike many other studies,the study that I co-authored with two experts on indexing found high returns in IPO stock prices during the initial day of trading. After this initial day of trading, the study evaluated IPO returns by a measure known as the index-adjusted performance (IAP) — the difference between the total return of the security and the total return of the index from the closing price on the first day of trading to the closing price of any following day.  For example, a positive IAP would signal that an IPO has outperformed the index from the close of the first day of trading until the date the IPO is included in the relevant index.\nThe study calculated these two metrics of returns for all 932 U.S. IPOs offered in the nine years between January 2010 and December 2018.  Of these 932 IPOs, 115 were included in the Russell 1000 within the first six months of trading.\nThe study used the Russell 1000 because it includes 92% of the total market capitalization of all listed stocks in the U.S. equity market.  The Russell 1000 contains the top 1000 publicly traded U.S. companies according to market capitalization.  IPOs are considered for inclusion at the end of each quarter, strictly based on their market capitalization.\nThe first-day return for these 115 IPOs was highly positive — 22% on average with a median gain of 10%.  Similarly, looking at the IAP for these 115 IPOs included in the Russell 1000, the study found a positive trend — with an average IAP of 6.89% and median of 5.24% between the IPO and the index inclusion date.\nBoth of these trends show that index funds could generate excess return by buying IPOs before they are added to the index.  The greatest return could be realized by buying IPOs at the initial offering price and holding them through the index inclusion date.  Index funds could also realize significant excess returns by buying IPOs after their first day of trading and holding them through the index inclusion date.\nRisks in the returns\nIndex funds would face several risks associated with such early purchases of IPOs.\nFirst, and most importantly, no one knows which IPOs will be added to the index at the time of the IPO.  An index fund might purchase an IPO stock that doesn’t get added to the index.  In that event, the fund would have to sell the IPO stock, potentially at a loss. The price of the IPO stock would decline because there would no longer be the expectation that other index funds would be required to buy that stock when it is added to the index.\nA second concern is that an index fund would not get a large enough allocation in an IPO to reflect the stock’s future position in the index — for example, when a popular tech company goes public. Even so, an index fund can still generate excess returns by buying more of such a stock on the day following an IPO and holding that stock until it is added to the index.\nThird, since the index fund would be holding stocks that are not included in the index — at least for several months — the fund would experience tracking error.  Tracking error occurs when the returns on an index fund portfolio differ materially from those of the index it is benchmarked against.  But investors would probably not be overly concerned if the fund beat the index it was designed to track.\nOf course, the prospectus of such an index fund would have to make clear that it would be buying stocks in the initial offerings of IPOs and after their first day of trading. The prospectus should also delineate the risks involved when the fund buys IPOs before they are included in the index.\nTo mitigate the most important risk — that the IPO will not be included in the index — I recommend that index funds should purchase an IPO only if its expected weight in the Russell 1000 is relatively large. The expected weight equals the gross proceeds raised by the IPO, divided by the total freely traded float of stocks in the index.   Since the Russell 1000 Index is composed of the top 1000 U.S. companies by market capitalization, the larger the IPO is relative to the index, the more likely that the IPO will be added to that index.\nThis strategy could be adapted to varying risk tolerances of index funds by adjusting the size threshold for early purchases of an IPO.  In a conservative strategy, the index fund would purchase only IPOs with the largest expected weight in the index, since they are most likely to be included in the index.  In a more aggressive strategy, by contrast, the size threshold for buying IPOs would be lower.\nThe study examined three thresholds for risk appetite, defined in terms of the expected weight of the IPO in the index: 1.0 basis point for conservative; 0.75 basis point for pragmatic and 0.50 basis point for aggressive. (One basis point equals 1/100 of 1%)\nThe results, summarized in the table below, show that this strategy would have been successful at generating excess returns without significant risks during the period from 2010 through 2018.\nFor example, 100% of the largest IPOs that would have been purchased under the conservative strategy during this period were added to the index within the first six months and generated excess returns above 15%.  Under the aggressive strategy, 88% of the IPOs that would have been purchased during this period were included in the index within six months and generated excess returns of close to 17%.\n\nMy recommendation is that an index fund based on the Russell 1000 buy relatively large IPOs in their initial offerings or, if necessary, immediately after their first day of trading. Although there is a modest risk that such IPOs will not subsequently be included in that index, the excess returns from this strategy outweigh the risks.\nI would not recommend that any index fund use this strategy to buy an IPO effected by merging a private company with a special acquisition vehicle. I also would not recommend this strategy for any index fund based on other indices where it is more difficult to predict when and whether IPO stocks will be included in the index, such as the S&P 500, where stocks included are chosen by a committee.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385638424,"gmtCreate":1613540407168,"gmtModify":1634553232079,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574597457129986","idStr":"3574597457129986"},"themes":[],"title":"","htmlText":"noted","listText":"noted","text":"noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/385638424","repostId":"1125437963","repostType":4,"repost":{"id":"1125437963","kind":"news","pubTimestamp":1613539351,"share":"https://www.laohunote.com/m/news/1125437963?lang=zh_CN&edition=full","pubTime":"2021-02-17 13:22","market":"us","language":"en","title":"How to Generate Income on Your Coca-Cola Stock<blockquote>如何利用可口可乐股票创收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125437963","media":"Barrons","summary":"It’s hard to believe that people once doubted anyone wouldbuy water in a bottlewhen they could get i","content":"<p>It’s hard to believe that people once doubted anyone wouldbuy water in a bottlewhen they could get it for free out of a sink.Coca-Colareigned supreme back then. That was a long time ago.</p><p><blockquote>很难相信，人们曾经怀疑有人会买瓶装水，而他们可以从水槽里免费买到瓶装水。那是很久以前的事了。</blockquote></p><p> Now bottled water and all sorts of nonsoda drinks are widespread, and drinking Coke is somewhat akin in the popular imagination to smoking cigarettes or eating fatty foods.</p><p><blockquote>现在瓶装水和各种非苏打水饮料很普遍，喝可乐在大众想象中有点像吸烟或吃高脂肪食物。</blockquote></p><p> Still, despite changing tastes, Coca-Cola (ticker: KO) has a reasonably reliable business, and the stock is one of the most widely held in America. It’s down 8% this year and down 15% over the past 52 weeks.</p><p><blockquote>尽管如此，尽管口味发生了变化，可口可乐（股票代码：KO）仍然拥有相当可靠的业务，并且该股票是美国持有最广泛的股票之一。今年下降了 8%，过去 52 周下降了 15%。</blockquote></p><p> Rather than hoping for better days,&nbsp;investors&nbsp;should consider generating some income on their shares&nbsp;by using “covered calls.” The strategy is simple, but it works only for investors who own the stock. Investors simply sellcall optionsthat are about 10% above the stock price and that expire in three months or less. They get to keep the options premium if the stock price stays below the strike price.&nbsp;(Calls give buyers the right to buy an asset at a specified price within a set period.)</p><p><blockquote>投资者不应寄希望于好日子，而应考虑通过使用 “备兑评级 ”从股票中获得一些收入。该策略很简单，但只对拥有股票的投资者有效。投资者只需卖出比股价高出约 10% 且在三个月或更短时间内到期的看涨期权。如果股价低于执行价格，他们可以保留期权溢价。 （评级赋予买家在规定期限内以特定价格购买资产的权利。）</blockquote></p><p> With Coca-Cola at $50.47, shareholders could sell the May $55 call for 68 cents. During the past 52 weeks, the stock has ranged from $36.27 to $60.13.</p><p><blockquote>可口可乐的股价为 50.47 美元，股东可以以 68 美分的价格出售 5 月份 55 美元的看涨期权。过去 52 周内，该股价格在 36.27 美元至 60.13 美元之间波动。</blockquote></p><p> Should the stock price exceed the strike price at or before the expiration date, an investor can adjust the short call by buying it back and selling another call at a higher strike price and a more distant expiration. Ideally, the roll will be made before the stock price is too close to the strike price.</p><p><blockquote>如果股票价格在到期日或之前超过执行价格，投资者可以通过回购并以更高的执行价格和更远的到期日卖出另一个看涨期权来调整空头看涨期权。理想情况下，将在股价太接近执行价格之前进行加盟。</blockquote></p><p> Watch the “strike risk” so you can act preemptively if needed. Calls that are&nbsp;out-of-the-money—meaning the strike price is higher than the actual stock price—are usually less expensive and easier to adjust than in-the-money calls.</p><p><blockquote>注意 “罢工风险 ”，以便在必要时采取先发制人的行动。价外评级（即执行价格高于实际股价）通常比价内评级便宜且更容易调整。</blockquote></p><p> In many ways, somnolent blue-chip stocks like Coca-Cola are ideal candidates for options-selling strategies. Investors tend to own lots of the stock, and may even have inherited the shares.</p><p><blockquote>在许多方面，像可口可乐这样昏昏欲睡的蓝筹股是期权出售策略的理想候选者。投资者往往拥有大量股票，甚至可能继承了这些股票。</blockquote></p><p> The risk to the approach—let’s call it the key drawback—is if the stock suddenly wakes up and starts to surge. This could happen if analysts or investors decide the company offers a reasonably priced way to monetize a key theme.</p><p><blockquote>这种方法的风险--让我们看涨期权一下主要缺点--是股票突然醒来并开始飙升。如果分析师或投资者认为该公司提供了一种价格合理的方式来将关键主题货币化，就会发生这种情况。</blockquote></p><p> For Coca-Cola, the surge risk likely hingeson the reopening of the U.S. economy. Some of the stock’s recent weakness reflects the company’s reliance on restaurant sales to drive the business. The Covid-19 pandemic has shuttered restaurants, so an important revenue source has been temporarily interrupted.</p><p><blockquote>对于可口可乐来说，激增风险可能会影响美国经济的重新开放。该股近期的部分疲软反映了该公司对餐厅销售的依赖。新冠肺炎疫情关闭了餐馆，因此一个重要的收入来源暂时中断。</blockquote></p><p> So far, vaccination efforts are a major part of the bullish narrative used to describe why stock prices can go higher. As more people are vaccinated, life returns to normal, and we once more dine in restaurants, see movies, and gather together. The Street generally believes that there is a lot of pent-up demand for such activities after a year of us living apart, often in quarantine.</p><p><blockquote>到目前为止，疫苗接种工作是用来描述股价为何会走高的看涨叙事的主要部分。随着越来越多的人接种疫苗，生活恢复正常，我们再次在餐馆用餐，看电影，聚在一起。华尔街普遍认为，在我们分居一年后，经常被隔离，对这类活动有很多被压抑的需求。</blockquote></p><p> A detailed argument for one side or the other, drawing evidence from declining hospitalization rates and increases in air travel, could be made. But perhaps all that is knowable is that Coca-Cola’s stock is weak and has lagged theS&amp;P 500 indexfor the past year. Meanwhile, Coca-Cola’s options premiums offer investors a way to enhance the yield of a moribund stock.</p><p><blockquote>可以从住院率下降和航空旅行增加中获得证据，为一方或另一方提出详细的论点。但也许所有可知的是，可口可乐的股价疲软，在过去一年中一直落后于标准普尔 500 指数。与此同时，可口可乐的期权溢价为投资者提供了一种提高垂死股票收益率的方法。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Generate Income on Your Coca-Cola Stock<blockquote>如何利用可口可乐股票创收</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Generate Income on Your Coca-Cola Stock<blockquote>如何利用可口可乐股票创收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-17 13:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s hard to believe that people once doubted anyone wouldbuy water in a bottlewhen they could get it for free out of a sink.Coca-Colareigned supreme back then. That was a long time ago.</p><p><blockquote>很难相信，人们曾经怀疑有人会买瓶装水，而他们可以从水槽里免费买到瓶装水。那是很久以前的事了。</blockquote></p><p> Now bottled water and all sorts of nonsoda drinks are widespread, and drinking Coke is somewhat akin in the popular imagination to smoking cigarettes or eating fatty foods.</p><p><blockquote>现在瓶装水和各种非苏打水饮料很普遍，喝可乐在大众想象中有点像吸烟或吃高脂肪食物。</blockquote></p><p> Still, despite changing tastes, Coca-Cola (ticker: KO) has a reasonably reliable business, and the stock is one of the most widely held in America. It’s down 8% this year and down 15% over the past 52 weeks.</p><p><blockquote>尽管如此，尽管口味发生了变化，可口可乐（股票代码：KO）仍然拥有相当可靠的业务，并且该股票是美国持有最广泛的股票之一。今年下降了 8%，过去 52 周下降了 15%。</blockquote></p><p> Rather than hoping for better days,&nbsp;investors&nbsp;should consider generating some income on their shares&nbsp;by using “covered calls.” The strategy is simple, but it works only for investors who own the stock. Investors simply sellcall optionsthat are about 10% above the stock price and that expire in three months or less. They get to keep the options premium if the stock price stays below the strike price.&nbsp;(Calls give buyers the right to buy an asset at a specified price within a set period.)</p><p><blockquote>投资者不应寄希望于好日子，而应考虑通过使用 “备兑评级 ”从股票中获得一些收入。该策略很简单，但只对拥有股票的投资者有效。投资者只需卖出比股价高出约 10% 且在三个月或更短时间内到期的看涨期权。如果股价低于执行价格，他们可以保留期权溢价。 （评级赋予买家在规定期限内以特定价格购买资产的权利。）</blockquote></p><p> With Coca-Cola at $50.47, shareholders could sell the May $55 call for 68 cents. During the past 52 weeks, the stock has ranged from $36.27 to $60.13.</p><p><blockquote>可口可乐的股价为 50.47 美元，股东可以以 68 美分的价格出售 5 月份 55 美元的看涨期权。过去 52 周内，该股价格在 36.27 美元至 60.13 美元之间波动。</blockquote></p><p> Should the stock price exceed the strike price at or before the expiration date, an investor can adjust the short call by buying it back and selling another call at a higher strike price and a more distant expiration. Ideally, the roll will be made before the stock price is too close to the strike price.</p><p><blockquote>如果股票价格在到期日或之前超过执行价格，投资者可以通过回购并以更高的执行价格和更远的到期日卖出另一个看涨期权来调整空头看涨期权。理想情况下，将在股价太接近执行价格之前进行加盟。</blockquote></p><p> Watch the “strike risk” so you can act preemptively if needed. Calls that are&nbsp;out-of-the-money—meaning the strike price is higher than the actual stock price—are usually less expensive and easier to adjust than in-the-money calls.</p><p><blockquote>注意 “罢工风险 ”，以便在必要时采取先发制人的行动。价外评级（即执行价格高于实际股价）通常比价内评级便宜且更容易调整。</blockquote></p><p> In many ways, somnolent blue-chip stocks like Coca-Cola are ideal candidates for options-selling strategies. Investors tend to own lots of the stock, and may even have inherited the shares.</p><p><blockquote>在许多方面，像可口可乐这样昏昏欲睡的蓝筹股是期权出售策略的理想候选者。投资者往往拥有大量股票，甚至可能继承了这些股票。</blockquote></p><p> The risk to the approach—let’s call it the key drawback—is if the stock suddenly wakes up and starts to surge. This could happen if analysts or investors decide the company offers a reasonably priced way to monetize a key theme.</p><p><blockquote>这种方法的风险--让我们看涨期权一下主要缺点--是股票突然醒来并开始飙升。如果分析师或投资者认为该公司提供了一种价格合理的方式来将关键主题货币化，就会发生这种情况。</blockquote></p><p> For Coca-Cola, the surge risk likely hingeson the reopening of the U.S. economy. Some of the stock’s recent weakness reflects the company’s reliance on restaurant sales to drive the business. The Covid-19 pandemic has shuttered restaurants, so an important revenue source has been temporarily interrupted.</p><p><blockquote>对于可口可乐来说，激增风险可能会影响美国经济的重新开放。该股近期的部分疲软反映了该公司对餐厅销售的依赖。新冠肺炎疫情关闭了餐馆，因此一个重要的收入来源暂时中断。</blockquote></p><p> So far, vaccination efforts are a major part of the bullish narrative used to describe why stock prices can go higher. As more people are vaccinated, life returns to normal, and we once more dine in restaurants, see movies, and gather together. The Street generally believes that there is a lot of pent-up demand for such activities after a year of us living apart, often in quarantine.</p><p><blockquote>到目前为止，疫苗接种工作是用来描述股价为何会走高的看涨叙事的主要部分。随着越来越多的人接种疫苗，生活恢复正常，我们再次在餐馆用餐，看电影，聚在一起。华尔街普遍认为，在我们分居一年后，经常被隔离，对这类活动有很多被压抑的需求。</blockquote></p><p> A detailed argument for one side or the other, drawing evidence from declining hospitalization rates and increases in air travel, could be made. But perhaps all that is knowable is that Coca-Cola’s stock is weak and has lagged theS&amp;P 500 indexfor the past year. Meanwhile, Coca-Cola’s options premiums offer investors a way to enhance the yield of a moribund stock.</p><p><blockquote>可以从住院率下降和航空旅行增加中获得证据，为一方或另一方提出详细的论点。但也许所有可知的是，可口可乐的股价疲软，在过去一年中一直落后于标准普尔 500 指数。与此同时，可口可乐的期权溢价为投资者提供了一种提高垂死股票收益率的方法。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/coca-cola-stock-is-going-nowhere-heres-what-to-do-with-it-51613492360?mod=hp_LEADSUPP_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐"},"source_url":"https://www.barrons.com/articles/coca-cola-stock-is-going-nowhere-heres-what-to-do-with-it-51613492360?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125437963","content_text":"It’s hard to believe that people once doubted anyone wouldbuy water in a bottlewhen they could get it for free out of a sink.Coca-Colareigned supreme back then. That was a long time ago.\nNow bottled water and all sorts of nonsoda drinks are widespread, and drinking Coke is somewhat akin in the popular imagination to smoking cigarettes or eating fatty foods.\nStill, despite changing tastes, Coca-Cola (ticker: KO) has a reasonably reliable business, and the stock is one of the most widely held in America. It’s down 8% this year and down 15% over the past 52 weeks.\nRather than hoping for better days, investors should consider generating some income on their shares by using “covered calls.” The strategy is simple, but it works only for investors who own the stock. Investors simply sellcall optionsthat are about 10% above the stock price and that expire in three months or less. They get to keep the options premium if the stock price stays below the strike price. (Calls give buyers the right to buy an asset at a specified price within a set period.)\nWith Coca-Cola at $50.47, shareholders could sell the May $55 call for 68 cents. During the past 52 weeks, the stock has ranged from $36.27 to $60.13.\nShould the stock price exceed the strike price at or before the expiration date, an investor can adjust the short call by buying it back and selling another call at a higher strike price and a more distant expiration. Ideally, the roll will be made before the stock price is too close to the strike price.\nWatch the “strike risk” so you can act preemptively if needed. Calls that are out-of-the-money—meaning the strike price is higher than the actual stock price—are usually less expensive and easier to adjust than in-the-money calls.\nIn many ways, somnolent blue-chip stocks like Coca-Cola are ideal candidates for options-selling strategies. Investors tend to own lots of the stock, and may even have inherited the shares.\nThe risk to the approach—let’s call it the key drawback—is if the stock suddenly wakes up and starts to surge. This could happen if analysts or investors decide the company offers a reasonably priced way to monetize a key theme.\nFor Coca-Cola, the surge risk likely hingeson the reopening of the U.S. economy. Some of the stock’s recent weakness reflects the company’s reliance on restaurant sales to drive the business. The Covid-19 pandemic has shuttered restaurants, so an important revenue source has been temporarily interrupted.\nSo far, vaccination efforts are a major part of the bullish narrative used to describe why stock prices can go higher. As more people are vaccinated, life returns to normal, and we once more dine in restaurants, see movies, and gather together. The Street generally believes that there is a lot of pent-up demand for such activities after a year of us living apart, often in quarantine.\nA detailed argument for one side or the other, drawing evidence from declining hospitalization rates and increases in air travel, could be made. But perhaps all that is knowable is that Coca-Cola’s stock is weak and has lagged theS&P 500 indexfor the past year. Meanwhile, Coca-Cola’s options premiums offer investors a way to enhance the yield of a moribund stock.","news_type":1,"symbols_score_info":{"KO":0.9}},"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}