Actress Rachel Fox was 15 when she made her first, and worst, stock market trade using money she had earned on US TV show Desperate Housewives.
“Never again. That was a one-time thing,” Fox said about the underperforming penny stock. “You gotta think long term.”
Dozens of millennials attended Stocktoberfest at San Diego’s landmark Hotel del Coronado on the weekend to give and get investment advice.
The weekend-long event run by online site StockTwits attracts a number of younger investors, who between presentations are known to don wet suits for a quick surf or party on the beach.
Fox was invited to speak on a panel with portfolio manager and former Yahoo Finance host Jeff Macke, Fox talked about Starbucks, Pokemon and Snapchat.
Fox, who also writes a blog, said that investors — young and old — need to harness social and digital content to make better financial decisions.
Patrick Dunuwila was at least one millennial at Stocktoberfest happier to get advice than give it.
Dunuwila, 23, said he manages US$3 million of his family and friends’ money. During the keynote address of the conference, he thought he was off to good start when he opened up the StockTwits mobile app and made two trades that earned him a quick US$300.
Then, in a networking session between panels, he said he was “torn apart” by Lee Munson, a former Wall Street stockbroker turned author and founder of Portfolio Wealth Advisors.
“He told me I need to be more aggressive with asking people for money. Get up there and say ‘I’m 23, I’m hungry,’” Dunuwila said. “You walk away from that, your ego gets slashed, but I needed to hear it.”
Munson, 41, said the harsh advice he gave Dunuwila was advice he wished he had received.
“I spent my whole life in New York not knowing that I needed to be aggressive early,” Munson said. “You come to a place like Stocktoberfest where you’ve got all the freaks and all the freedom to just talk. That’s what I was doing with Patrick.”
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS