LOL WHAT AN IDIOT
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LOL WHAT AN IDIOT

soupsoup: Underwriters prop up Facebook stock to prevent it from tanking on IPO day On the left side, you see the “bids” that are in the market for the stock. Those are the offers to buy. On the right you see the “asks”, which are asking prices by sellers. Note that next to each bid or ask there’s a “size” which is the size of the offer to buy or sell. Note two things: At the top of the left column, you see lots of bids at $38.00 on various trading platforms. (The BATS exchange, Arca, etc.). What’s more, the size of those bids are HUGE. Hundreds of thousands of shares compared to relatively tiny asks and bids everywhere else. Should be interesting to see if they’ll still be there to save $FB on Monday. I’d think that the SEC would have a problem with this. No matter how you slice it, the bottom line is they’re manipulating the market.
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soupsoup:

Underwriters prop up Facebook stock to prevent it from tanking on IPO day

On the left side, you see the “bids” that are in the market for the stock. Those are the offers to buy. On the right you see the “asks”, which are asking prices by sellers. Note that next to each bid or ask there’s a “size” which is the size of the offer to buy or sell. Note two things: At the top of the left column, you see lots of bids at $38.00 on various trading platforms. (The BATS exchange, Arca, etc.). What’s more, the size of those bids are HUGE. Hundreds of thousands of shares compared to relatively tiny asks and bids everywhere else.

Should be interesting to see if they’ll still be there to save $FB on Monday.

I’d think that the SEC would have a problem with this. No matter how you slice it, the bottom line is they’re manipulating the market.

Source: soupsoup

A Harvard MBA's radical quest to erase his debt

B-school grad Joe Mihalic went on an extreme financial diet to pay down over $90,000 in debt in just seven months and charted his story through an anonymous blogging project.

When we hear about enormous financial successes like those who invested early in Facebook, it can skew your risk tolerance. For every story like this that you hear, keep in mind that there are thousands of people that lose their shirts on similar bets.

Where Dollar Bills Come From Every single dollar bill in the world — every $20, every $100, everything — is printed on paper made at one small mill in Massachusetts. That’s been the case for 130 years.
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Where Dollar Bills Come From

Every single dollar bill in the world — every $20, every $100, everything — is printed on paper made at one small mill in Massachusetts. That’s been the case for 130 years.

Source: NPR

shortformblog: racialicious: fastcompany: They were doing just fine before, but Facebook’s biggest minority owners are about to be catapulted into a far more elite bracket. As we ponder what they’ll do with with new millions (or billions in some cases), here’s a look at what got them where they are today. Welcome To The Facebook IPO Players Club This picture speaks volumes about who is included at the top levels of the tech game. Some were smart. Some just had good timing. Others know how and when to invest. All will become rich today. Fascinating.
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shortformblog:

racialicious:

fastcompany:

They were doing just fine before, but Facebook’s biggest minority owners are about to be catapulted into a far more elite bracket. As we ponder what they’ll do with with new millions (or billions in some cases), here’s a look at what got them where they are today.

Welcome To The Facebook IPO Players Club

This picture speaks volumes about who is included at the top levels of the tech game.

Some were smart. Some just had good timing. Others know how and when to invest. All will become rich today.

Fascinating.

Source: Fast Company

If you had inside knowledge of an investment that you thought would be worth more six months from now, why would you be selling a large chunk of your stake in it this week?

John Shinal of MarketWatch, commenting on the fact that Facebook insiders are selling a large portion of their shares.

did we just become best friends yep

Source: soyeahduh

“Hey, do you know how I can get in on the Facebook IPO?”

This is a great Home Buyer Quiz from Kiplinger.  No matter how finanicially savvy you may be, I bet that you learn something new. I know I did!
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This is a great Home Buyer Quiz from Kiplinger.  No matter how finanicially savvy you may be, I bet that you learn something new. I know I did!

Source: kiplinger.com

Farewell to the Canadian penny
The last one-cent coin, in circulation since 1858, was minted on May 4th. The coin had become a nuisance, weighing down consumers’ wallets and costing more to produce than it was worth. (via theeconomist)

(via theeconomist)

Source: economist.com

Job-hunting app matches candidates’ personalities with vacancies Job hunting can be a daunting prospect – with the modern job market offering a variety of careers that can leave prospective applicants bewildered by the diverse choice on offer. In the past we’ve come across systems that simplify the process for employers, with sites such as Unrabble, and now we’ve come across something similar to help those looking for work. Apply App.ly makes job seeking less daunting by narrowing down the choice and matching candidates with vacancies, not only through previous professional experience, but also by personality type. READ MORE… This sounds awesome!
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Job-hunting app matches candidates’ personalities with vacancies

Job hunting can be a daunting prospect – with the modern job market offering a variety of careers that can leave prospective applicants bewildered by the diverse choice on offer. In the past we’ve come across systems that simplify the process for employers, with sites such as Unrabble, and now we’ve come across something similar to help those looking for work. Apply App.ly makes job seeking less daunting by narrowing down the choice and matching candidates with vacancies, not only through previous professional experience, but also by personality type. READ MORE…

This sounds awesome!

Source: springwise

You have the freedom to do whatever you’d like, but you don’t have freedom from the consequences of your choices. Don’t spend more than you earn.  Fund a Roth IRA.  Don’t take your life savings with you to Vegas.
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You have the freedom to do whatever you’d like, but you don’t have freedom from the consequences of your choices.

Don’t spend more than you earn.  Fund a Roth IRA.  Don’t take your life savings with you to Vegas.

Source: pleatedjeans