TSX:BPO.PR.A - Post by User
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SONOFFERGUSon Mar 28, 2024 11:05am
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Post# 35957993
RE:Stock Market absolute FIRST RULE.. Trust No One or Anything
RE:Stock Market absolute FIRST RULE.. Trust No One or Anything "Trust but verify" is a rule to live by generally.
Not sure what a crazy meme stock that robinhood -- a casino for meme stocks -- put buy restrictions on has anything to do with "retail investors." People who played that short squeeze (and I expect the vast majority of robinhood clients generally) are online gamblers, not investors. Perhaps the rule here is don't pretend you are investing when you are gambling.
The guarantee is the price BPY paid to the regulators for dropping BPO's public reporting obligations. The guarantee is in addition to the existing terms, including the $25 liquidation preference. No rules of law or logic were broken here.
Not sure what rules we are talking about with central banks. They have mandates. They do forecasts. They vote on rates based on forecasts. Covid and the response made inflation spicy. Is it transient? Who knows? Inflation is tough to get under control once it's out of its cage. No rules to break here.
I think the first rule for retail investing is this: No one knows the future, so construct your portfolio accordingly. Here, that means don't put all your eggs (see what I did there?) in the BPO basket.