Online Class Notes (Tibo)

Today we focused on:

discussed the GME situation

Homework


Robinhood (favored retail trading app in the US)

Next Class Focus

review some of the vocabulary of previous lessons

Speaking exercise

I didn’t know retail investors in the US have such an engagement in the stock market  / are so involved in the stock market / have such a strong interest for the stock market
Most of participants in the US are institutions

the Chinese stock market is also going through dramatic changes.
some of my clients have been hiring KOLs to do a lot of livestream  / to promote their products on live streams

previously if you wanted to buy a fund you would need to get an account but now  alipay has their financial platforms which enables to buy the funds directly with one click. / buying a fund became painless.

This is why so many securities are doing advertising.
they are more like a platform and they consolidate all the asset management firms. / they are an aggregator for financial products
They could be the exclusive platform to host and they will waive the fees if investors decide to buy.
The model of ant is more like a financial advisor, everything is becoming very automatic and electronic.  / they are automating a large part of the process.
It gives you recommendation about asset allocation.
All the services that were exclusive to high net worth individuals are available to the majority. / have been democratized / became available to the masses / to the average Joe.

It is why the law needs to be updated to fit the current social environment.

during an initial launch for a car brand, I had access to private so I knew when it was going to launch but I didn’t act on it / I didn’t take a position in the financial market and didn’t buy the stock.
It is part of the ethical question.

Most of the retail investors when they long the stock they cannot find the records for the money flow and it is being said it it coming from people trading cryptocurrency.

it would be presumption to make a conclusion because I don’t have the full picture of who is doing this / who is responsible / who the main actors are and who should be held accountable. It might be a few actions taken by people who long the stock. For people who short the stock in the first place they must set up some risk management and it exploded on themselves. / it ended up working against them.

Vocabulary

aggregator (n) system gathering all the information
Ant financials acts as an aggregator

general public (n) normal people
The general public doesn’t follow financial news

the masses (n) : the big amount of people
This technology is not available to the masses yet

the average Joe (n) : the average person
The average Joe doesn’t actively manage his investments

scandal (n) :
The scandal was exposed

YOLO : you only live once : very risky bet
He Yoloed into a stock and made a killing

to livestream (v) : broadcast live on the internet
Taobao livestreams are popular during 11/11

a livestream (n)
I watched the livestream.