Kirk's Market Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts

COHR 154.03

+3.5%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: w0z who wrote (12520)	12/15/2021 4:16:33 PM
From: Elroy	Read Replies (1) of 26631

You'll have 24/7/365 trading in all financial markets, just as with crypto today. Agreed. It's sort of hard to understand why currencies and crypto can easily trade 24/7, but stocks only trade "on exchanges" during certain market hours. I've read there are crypto projects which plan to tokenize stock ownership (similar to stable coins, but with actual stock as the backing), and then implement 24/7 automated trading. Great, lets do it! Also, why can'7 we buy 0.23% of a share of Berkshire Hathaway? Something that is REALLY hard for me to understand are the crazy commissions on things like....... Second hand sports/concert tickets. The seat might be $25 on StubHub or wherever, but the "delivery fee" is $4 (why? the StubHub system sends a barcode to your phone. How much should that cost? A penny?) and then there's also a "service fee" of $XX. $7 to buy a $25 seat. THAT's CRAZY! And I know from a previous life that hotel booking web sites like Expedia and Agoda and etc they take anywhere from 8% to 23% of each sale as their commission. Why? Why? It's freaking unbelievable. If you book 5 nights in a hotel for $200/night, Expedia is probably getting more than $100 for the $1,000 sale. Expedia (and booking agents like it) should be completely automated, and charge fixed rates per transaction (again, a few pennies?). Stock trading commissions are now basically zero. Good. The same commission reduction is due in lots of other industries. Bring it on!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next