This chart shows the average interest rate paid on credit cards at commercial banks minus the yield of the 3-month Treasury bill.
There has never been a worse time to buy Treasury bills using a credit card, unless of course, you are the government offering 0% Treasury bills or commercial banks offering 16% credit cards.
The jury is still out on whether or not there has ever been a worse time to buy GameStop stock using a credit card. That said, it might be worth pointing out that Reddit users and Robinhood investors are most certainly not the house.
The big winners are Gamestonk and Bitcoin. The GME-BIT ratio is a little out of whack this morning with BIT raking in the gains. Conservative portfolios are 60/40 GMT/BIT so might be a good time to re-balance.
ReplyDeleteHalf tempted to swing for the fences by hoarding canned pork brains with milk gravy.
ReplyDeleteSeems perfect.
1. I don’t want it.
2. Few others currently want it.
3. Once others do want it at any price, I can sell them mine for a big profit!
4. And when I sell it, I won’t miss it.
I realize that there’s a nontrivial risk of not making it past phase 2 of my grand plan though. ;)
What is the short interest in canned pork brains? Can we get the autists in /r/wallstreetbets to go along?
ReplyDelete* pork brains, like any brain-food product carries investment risk, no strategy or risk management technique can guarantee returns or eliminate risk in any brain-food environment
Yes! In a perfect world, the “with milk gravy” should seal the deal!
ReplyDeleteDefinition of Gravy
t2a : something additional or unexpected that is pleasing or valuable
with expenses now paid, future money is pure gravy
— K. Crossen
b : unearned or illicit gain : GRAFT entry 3
Milk those pleasant and valuable pork brain unearned illicit gains for all the gravy they are worth! :)