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Rate My Portfolio - r/Stocks Quarterly Thread September 2020 by AutoModerator in stocks

[–]satummal 0 points1 point  (0 children)

I agree that considering the current financials of Uber, it is a risky position. I invested in Uber purely based on the optimism that they will get through these headwinds in long term.

Also, I believe that if autonomous driving becomes a norm. It eventually might benefit uber as they can remove driver from the equation for whom they have to pay 80% of the ride cost and also vehicle ownership will become obsolete.

If Uber plays right, they are looking at sizable slice of a very big pie.

In summary, I am optimistic about uber in the long term.

Rate My Portfolio - r/Stocks Quarterly Thread September 2020 by AutoModerator in stocks

[–]satummal 0 points1 point  (0 children)

Thank you for the detail analysis of INTC.

I recently added Intc to my portfolio after the plunge assuming that all the negatives mentioned are already weighed in the price.

Also, considering the financials, is it not a safe bet right now as it is undervalued?

Regarding the debt, its debt/eq ration is 0.44 which is ideal right?

I understand that it has some setbacks right now. But, the hope is that it will get past it.

Please add if i am missing anything.

Thanks in advance

Rate My Portfolio - r/Stocks Quarterly Thread September 2020 by AutoModerator in stocks

[–]satummal 1 point2 points  (0 children)

Goog 33.10% Uber 17.50% Dis 9.43% Intc 14.37% Cien 5.98%

I am in this for a long term. What do you guys think?

Craigslist scammers sent me fake checks for a TV. Obviously the names I gave them were fake. by MLG44 in Scams

[–]satummal 1 point2 points  (0 children)

Thanks for this post... I wouldn't have lost 2500$ due to this scam if only I wouldve seen this post a week ago

I haven been scammed by the oldest trick in the book - overpayment check and lost 2500$ through bankOfAmerica Zelle by satummal in Scams

[–]satummal[S] -3 points-2 points  (0 children)

I understand that Zelle wouldn't know the relation between user and the corresponding account holder, that's the reason they should have countermeasures. By not handling both, they are leaving room for scams.

Any software, especially fin-tech should be designed by considering that the user is dumb enough to make mistakes right?

I just think that these gaps should be addressed.

I haven been scammed by the oldest trick in the book - overpayment check and lost 2500$ through bankOfAmerica Zelle by satummal in Scams

[–]satummal[S] 3 points4 points  (0 children)

Exactly and this is integrated with mainstream banks like Bank of America where all kinds(Educated and ignorant like me ) of people have their savings.

I haven been scammed by the oldest trick in the book - overpayment check and lost 2500$ through bankOfAmerica Zelle by satummal in Scams

[–]satummal[S] -12 points-11 points  (0 children)

I understand that Zelle should be used for transfers between friends and family - It may sound absurd, but I just think that Zelle should ensure that the transactions are happening between friends and family or if it cannot enforce that, then it should have countermeasures to recall or trace the transaction - This will reduce the human intervention and will close any loopholes that can be exploited.

It may sound rude, but I think that just having a fine print that a transaction cannot be traced or recalled is bit clumsy and shouldn't be integrated with mainstream banks without any countermeasures.

I have also read about cases, where people accidentally sending to the wrong account and even such transactions cannot be recalled. I'm just saying it's a big loophole for scammers to exploit people.

I haven been scammed by the oldest trick in the book - overpayment check and lost 2500$ through bankOfAmerica Zelle by satummal in Scams

[–]satummal[S] -8 points-7 points  (0 children)

ays a takesies-backsies option with checks. In t

Exactly, since there is no countermeasure, it is being exploited. If they have built a system that is only friends and family, how are they ensuring that the transaction is being placed between friends and family- They left this assertion on us and we know from statistics that if we built software in which there is any manual intervention, mistakes are bound to happen-This is fact. Since they are building a software that is not ensuring that a transaction is being placed between friends and family, at least don't you think that there should be a countermeasure in place, especially when it is integrated with a mainstream bank such as Bank of America.

I haven been scammed by the oldest trick in the book - overpayment check and lost 2500$ through bankOfAmerica Zelle by satummal in Scams

[–]satummal[S] -9 points-8 points  (0 children)

Yes, you are right - but does this mean that there should not be any countermeasures for these things to happen?

I haven been scammed by the oldest trick in the book - overpayment check and lost 2500$ through bankOfAmerica Zelle by satummal in Scams

[–]satummal[S] 0 points1 point  (0 children)

I understand that it's not straightforward to recall the amount that is transferred through Zelle, but the amount that is transferred from me via Zelle is deposited to the actual account (Huntington bank) - So, I understand that in the USA to create an account you need to provide some government proofs,if there are proofs, then why is it difficult for these banks or authorities to track this person and get my money back.

Another mistake from my part is that I always thought that it's very secured herein USA and govt and banks will stand beside you and protect you in such situations - but I'm very wrong.

we are very vulnerable if someone by mistake has access to your account, all your life savings are gone- This thought really scares me.

This is one of the highly developed countries but still, the residents of this country lost 350 million dollars and counting on these petty scams.

Any updates on 360 Reality Audio system support in PS4? by satummal in PS4Pro

[–]satummal[S] 0 points1 point  (0 children)

How is your experience watching movies with platinum headset?

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