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REEEEeyore
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Ignore the fact that JPM is one of the largest shareholders of SIVB. It in now way influences this memo...
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Sanrith Descartes
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Hateyou
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Big Phoenix
Pronouns: zie/zhem/zer
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Jysin
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11:41 [SIVB] FDIC: Moving to protect insured depositors of Silicon Valley Bank; Bank closed by California regulator; SVB is the first insured institution to fail this year
- FDIC: - Move to protect insured depositors of SVB
- Named federal deposit insurance FDIC as receiver
- SVB had about $209B in assets
- First insured institution to fail this year
- Insured depositors will have access on Monday, with branches and main office expected to open the same day
- Created Deposit insurance national bank of Santa Clara
- Will retain all assets from SVB bank for later disposition
- Will pay uninsured depositors an advanced dividend within next week, will receive a receivership certificate for the remaining amount of their uninsured funds
- Official checks will continue to clear
- $175B in deposits as of Dec 31, 2022
- FDIC: - Move to protect insured depositors of SVB
- Named federal deposit insurance FDIC as receiver
- SVB had about $209B in assets
- First insured institution to fail this year
- Insured depositors will have access on Monday, with branches and main office expected to open the same day
- Created Deposit insurance national bank of Santa Clara
- Will retain all assets from SVB bank for later disposition
- Will pay uninsured depositors an advanced dividend within next week, will receive a receivership certificate for the remaining amount of their uninsured funds
- Official checks will continue to clear
- $175B in deposits as of Dec 31, 2022
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Sanrith Descartes
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Jysin
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Asshat Foler
2024 FoH Asshat
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Rolexes especially have gone up an INSANE amount. You can’t get them from dealers anymore by just walking in. You have to be put on a list, if you’re lucky. Daytonas we’re 11k base msrp like 5 years ago. Now they go for around 32k++++ on the regret market. Day-date submariners I think are 9.6k or so msrp from dealer and now go for 17k new on regret market.Should just buy used Rolexes obviously lol. I can see that being a hard crash eventually if inflation keeps going.
Preowned Rolex, AP, Patek watch investments top S&P return over past 5 years, report says
Despite recent softness in the market, pre-owned luxury watches are still a good investment, at least from the “big three” of Rolex, Patek Philippe, and Audemars Piguet.finance.yahoo.com
Ive wanted this rose gold yachtmaster for past few years but can’t stomach paying 10k+ over msrp. Even Davidsw, who used to be able to get watches below dealer price, now has them all at regret market pricing.
Rolex 126655 Yachtmaster 18K Rose Gold - DavidSW
davidsw.com
I’ve literally been telling you plebes for years that watches are one of only three things you should be investing in but of course no one listened to me.
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