Why can US brokerages have zero fees?

PFOF (Payment for order flow) Order flow payment (Payment for order flow: PFOF) involves retail brokerage brokers, such as Robin Hood (ticker: HOOD) and TD Ameritrade (has been acquired by Charles Schwab, ticker: SCHW) to sell their customers’ market orders to third parties (represented by Citadel Securities and Virtu Financial), the third party executes these … Continue reading “Why can US brokerages have zero fees?”

How does Costco make money? Is it a great company?

How does Costco make money? Is it a good company?

How does Costco make money? Is it a good company?

Apple’s small change caused US stocks evaporate 200 billion U.S. dollars in one day

Please read my previous blog posts first"Why is Apple’s privacy policy so important?"to understand the ins and outs of the whole thing. In short, in 2020, Apple announced the Application Tracking Transparency (ATT) rule, which requires apps to obtain user consent in order to track data, which took effect in April 2021, prohibiting apps from … Continue reading “Apple’s small change caused US stocks evaporate 200 billion U.S. dollars in one day”

The valuation impact of diversity to listed companies

I have always emphasized in the book “The Rules of Super Growth Stocks Investingrowth Stock Investment Rules” that investors do not like all kinds of uncertainties. They like that revenue can be predicted, revenue and profits are easy to estimate, and it is best to have any listed company that has fairly stable growth. As … Continue reading “The valuation impact of diversity to listed companies”

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