Posts
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.
4 comments:
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.
Half tempted to swing for the fences by hoarding canned pork brains with milk gravy.
Seems 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?
* 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!
Definition 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! :)
Post a Comment