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How about paid stock reviews as a business idea? I have the infrastructure for payments already set up.
So maybe I'll pick a stock and do some research, and then write up my impressions in a post that costs a dime.
Is there any legal hazard in selling my opinion on a stock? I know there are plenty of stock review newsletters, so it must be OK at some level.
Stock picking is not a regulated activity, and writing about stocks is also not a regulated activity. So if you are writing newspaper articles, or a newsletter, or appearing on TV, or publishing a website, or running a Facebook page where you are discussing stocks and giving your opinion on what will happen to them, you do not have to be licenced.
But providing investment advice is a regulated activity, and you need to be approved by your local regulator to do that. That is why you always see disclaimers along the lines of “There are opinions of the author and they do not consitute investment advice”.
The difference is that your opinion is general (“I think MSFT is undervalued”), and investment advice is specific to the client (“Your portfolio would work better towards your goal of retiring in 10 years if it included some MSFT”).
Of course, it all depends on where you are based. What I wrote is generally true in the US, UK and most of the EU.
Since then he’s sending me messages about what the tea leaves tell him about the stocks which I mentioned to him that I want to dump, but not yet since I’m underwater.
MicroStrategy (MSTR) announced on Tuesday its founder and CEO Michael Saylor will step down from the top job and take a new post as executive chairman, focused on the company's bitcoin strategy.
Phong Le, the company's president, will take over in the CEO role.
MicroStrategy reported quarterly results that were light of Wall Street estimates on Tuesday, with revenue coming at $122.1 million against expectations for $126 million. Losses in the quarter totaled $918.1 million, with $917.8 million attributable to the company's bitcoin holdings.
Where's @Bitcoin now? He's been pushing bitcoin up everybody's ass for ages, and now it's down, he's GONE. It's NOW he should be urging people to purchase, if he believes in it.
What would admitting it to Patnet do?
Bitcoin (crypto) is shit, we all know that. It will likely run up again. I think that will be the last time.
I don't wish ill will on Bitcoin (the user here) and you're right about his pumping, but who cares? Everyone here has made a shit decision we have to own.
Rishwicks, despite your insults I will reply.
I think you confused me with someone else, I would never buy Bitcoin.
I am not telling the guy to day trade in an imaginary account with imaginary money, it’s his idea.
My method of investing doesn’t lose money.
I’m underwater a few thousand dollars with BABA.
The majority of my money is in mutual funds.
He was telling me that my method of wealth building was wrong and I should learn from him how to read the charts.
I tell people I know how to get financially secure; some do something about it, many don’t .
Right, I think Rick is confused about which person was into Bitcoin.
Also, it's a very personal comment. Please don't do that.
So maybe I'll pick a stock and do some research, and then write up my impressions in a post that costs a dime. And others can do the same if they want.
Is there any legal hazard in selling my opinion on a stock? I know there are plenty of paid stock review newsletters, so it must be OK at some level.