What happened to the Verizon ringback tone? As if Millennials needed another reminder of our own aging, Verizon has announced full discontinuation of ringback tones and ringtones. The iconic tones shaped so many of us who were coming of age in the early to mid 2000's. The decision: what song do I want to play … Continue reading Verizon Says Goodbye to Ringback and Ringtones
Is Stein Mart Bankrupt? Stein Mart, the storied chain that began in 1908 with a first location in Greenville, Mississippi by Russian Jewish immigrant Sam Stein, recently filed for Chapter 11 bankruptcy due to the COVID-19 pandemic back on August 12, 2020. All 281 stores across 30 U.S. states will be liquidated. We will examine … Continue reading What Happened to Stein Mart? The Rise and Fall of the Department Store Chain
At BroStocks we are all about supporting your aspirations. Start a side hustle that could lead to a successful full-time business. Building your portfolio on Robinhood and other brokerage accounts. Maybe investing in that first piece of rental real estate as your first step to growing your net worth. Tiger 21 is the real-life embodiment … Continue reading What is Tiger 21? Four Lessons From Michael Sonnenfeldt’s Exclusive High-Net-Worth Investing Club
Apple (AAPL) made headlines recently for continuing to post strong numbers even amidst the COVID-19 pandemic. The company also announced that its Board of Directors approved a four-for-one stock split. So what does this mean? You might be under the impression that a stock split is a move utilized for companies that are in financial … Continue reading What is the Difference Between a Stock Split and Reverse Stock Split?
Carson Block is currently one of the most notable short sellers and activist investors in the eyes of the investment public. He has hit some notable home runs, including most recently with his exposure of fraudulent accounting practices at Luckin Coffee, once thought to be the “Starbucks of China.” He remains best know for the … Continue reading Carson Block: Biggest Calls From The Muddy Waters Short-Seller
Steve Eisman is not a name that many casual investors will recognize as readily as Warren Buffett or even Carl Icahn. Mention that he was the lead character in the movie “The Big Short” however, and you will get a strong flicker of recognition. Eisman will be forever immortalized as the protagonist of The Big … Continue reading Steve Eisman: What Calls Has The Big Short Investor Made Since the Financial Crisis?
Photo: BroStocks Media. I was doing my biweekly grocery pick up when I saw a rather striking site across the plaza, an empty Chuck E. Cheese's parking lot with big writing on the windows: $5 PIZZA. It was in that tacky writing you see on the back of a midsize SUV or minivan that says … Continue reading Adjusting to the New Reality: Chuck E. Cheese in the COVID-19 Era
In a recent post, we talked about the difference between investors and traders, and everything in this post will apply to investors. That is to say, the content of this post applies to people interested in a longer term position in stocks of three or more years. With the historic bull run that the United … Continue reading What are Inferior Goods? 2 Stocks with Potential Durability for a Recession (or Depression)
Are you a trader or an investor? If you’re new to the stock market this question might seem trivial, but it’s important that you’re clear on the distinction. Many investors make mistakes by taking on the behavior of traders, and many traders often lose money when mistakenly acting like investors. Investors enter positions for long-term … Continue reading Seven Key Differences Between Investors and Traders
"You keep saying propping up zombie companies...are you arguing to let airlines, for example, fail?""Yes."A stunned Scott Wapner, a longtime CNBC host, stammers and stutters..."why? How does that make sense in the broader scheme of the economy?" "This is a lie that has been purported by Wall Street, when a company fails it does not … Continue reading Why Chamath Pailhapitiya says we should “let companies fail” during Coronavirus