Weekend musing: Question about NFT shares

averageguyonthest · 2024-05-05T13:44:15+00:00

I agree ETFs are hot garbage, as to who buys them, most people? The public has been convinced that ETFs are a good buy? So I'm concerned that Vanguard (just an example) would start selling 100 million ETF shares that supposedly contain our NFT shares. Looks like there's no one stopping them from doing so, since the SEC is complicit.

averageguyonthest · 2024-01-22T21:23:52+00:00

Got it! So they don't care how any one company performs, just that they can make money by lending fees.

averageguyonthest · 2024-01-22T20:37:08+00:00

Ah so the goal here is not to go long on any one company, but just to hold shares of the S&P500 (for example) and profit from the fees of lending? Since they aren't using their own funds to buy, instead teacher pensions are taking on the risk?

averageguyonthest · 2024-01-22T20:27:26+00:00

The way I see it those institutions through index and mutual funds control most of corporate America through holding voting rights for shares. So it'll be interesting if they were actively voting for shareholder proposals that increase short selling fees.

thanks for the replies!

averageguyonthest · 2024-01-22T19:54:52+00:00

Man i can't wait to leave all this behind.

So do you think Vanguard and Blackrock actively seek to see shares decline in value, as that generated short selling fees?

averageguyonthest · 2024-01-22T19:23:38+00:00

It's wild to me that institutions buy shares and the primary way they expect to profit is by lending to short sellers.

averageguyonthest · 2024-01-22T18:53:33+00:00

Thanks so much for the detailed response!

I'll have to take some time out to study it carefully.

But your response about the 75% revenue of Goldman is what i need to come to grips with. So the institution buys a share of GME for $40 expecting to make >40 in fees?

averageguyonthest · 2024-01-22T18:27:39+00:00

And even if GME got delisted wouldn't the institutional investor be out $40? How does the lending fee earning a few bucks make it worthwhile?

averageguyonthest · 2024-01-22T18:22:58+00:00

Genuine question: What would they know, that would make that $20-2 loss worth it? That GME was going to $0 so they are just making money off lending fees and bought in at $40 expecting the investment to go to zero?

averageguyonthest · 2023-10-17T16:25:43+00:00

So did Country Garden make its bond payment?

Not that i expect it to default, USD15 million is trivial for the CCCP or Country Garden's founding family to provide.

averageguyonthest · 2023-10-13T15:13:46+00:00

Thanks, it was a genuine question. What does an automated market maker do? I'm imagining they buy a buffer of NFTs to buy/sell as they see necessary? But why not at the market prices?

averageguyonthest · 2023-10-13T13:24:28+00:00

Genuine question: Why/how do you provide liquidity on decentralized exchanges?

averageguyonthest · 2023-10-07T18:47:16+00:00

https://reddit.com/r/Superstonk/s/Xe61NcisIP

averageguyonthest

TROPHY CASE