Wall Street City: Stock Trading & General Investing Thread

JGarrettLieb

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What a revelation!! The company that makes like 11 cars a year is worth bookoo dollars?
Tesla's money is going to be made outside of the auto industry.
Tesla shouldn't have been a buy at $80 when it IPO'd, based on the fundamental performance of the underlying assets, $328 is based entirely upon belief in the man and his mission. But markets are allowed to be temporarily irrational and there is strong evidence that irrational markets can persist for nearly double digit years, so who really gives a shit. As long as someone is willing to buy on belief then they are going to buy on belief.
 
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413Blue

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I played the 3x oil ones (ETN's though, not ETF's) for fun every now and then back when WTI was going up/down -3% to +3% within the day. It was kind of fun, it reminded me of the old days of online poker a little bit, and on good days I could make 10% if my timing was good. I would not advise it with any retirement or any type of important funds, but if you have some cash that you just want to throw around and get some action on, go for it!

Which one's were you thinking of?
 

joe

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Picked up some LTC and XRP over the holidays, so expect crypto to collapse any day now...
 
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Fake Jew

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I'm not good with money but I can tell y'all that you need to invest in this bitcoin thing.
 

413Blue

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Ok so my military days are coming to an end in a few months and my TSP (essentially a government employees 401k) will be ready to roll over to an IRA. I've got a bit over 100k in Roth funds. Who here has recommendations for an IRA provider. Right now I'm leaning towards Merrill Edge because this would give me platinum status with BofA, which comes with enough free trades per month that I will never pay for a trade, also great banking benefits like 75% cash back boost on credit cards.
Anyone got a better option, or bad experiences with Merrill? I will self direct my funds, don't need an advisor.

I live in MA, and already bank with BofA btw.
 

joe

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Ok so my military days are coming to an end in a few months and my TSP (essentially a government employees 401k) will be ready to roll over to an IRA. I've got a bit over 100k in Roth funds. Who here has recommendations for an IRA provider. Right now I'm leaning towards Merrill Edge because this would give me platinum status with BofA, which comes with enough free trades per month that I will never pay for a trade, also great banking benefits like 75% cash back boost on credit cards.
Anyone got a better option, or bad experiences with Merrill? I will self direct my funds, don't need an advisor.

I live in MA, and already bank with BofA btw.
Vanguard
 
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mgarbowski

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Ok so my military days are coming to an end in a few months and my TSP (essentially a government employees 401k) will be ready to roll over to an IRA. I've got a bit over 100k in Roth funds. Who here has recommendations for an IRA provider. Right now I'm leaning towards Merrill Edge because this would give me platinum status with BofA, which comes with enough free trades per month that I will never pay for a trade, also great banking benefits like 75% cash back boost on credit cards.
Anyone got a better option, or bad experiences with Merrill? I will self direct my funds, don't need an advisor.

I live in MA, and already bank with BofA btw.
I invest with Merrill and have had a good experience. That 75% reward boost on the credit cards is sweet, as I'm getting 2.62% flexible cash back on all purchases.
But I would echo joe joe in suggesting you consider Vanguard, especially as you are self directed. Their super low fees on funds outweigh almost all other benefits. Maybe you can spend enough on the credit cards that the cash back outweighs the higher fund fees you will have at Merrill. That's your math to figure out.
I switched to ML a few years ago because after about 25 years of self-directed investing, I reached an age and asset level where I wanted someone else to do the work and I'm willing to pay for it, and I think it is worth it, including some risk mitigation strategies they implement. Good luck whatever you decide.
 
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joe

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I invest with Merrill and have had a good experience. That 75% reward boost on the credit cards is sweet, as I'm getting 2.62% flexible cash back on all purchases.
But I would echo joe joe in suggesting you consider Vanguard, especially as you are self directed. Their super low fees on funds outweigh almost all other benefits. Maybe you can spend enough on the credit cards that the cash back outweighs the higher fund fees you will have at Merrill. That's your math to figure out.
I switched to ML a few years ago because after about 25 years of self-directed investing, I reached an age and asset level where I wanted someone else to do the work and I'm willing to pay for it, and I think it is worth it, including some risk mitigation strategies they implement. Good luck whatever you decide.
Thanks for providing an actual helpful answer instead of just shouting a company name like I did. Agree with your details.
 

413Blue

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Yea Vanguard is good of course, but for most index funds, they can generally be beat nowadays as others have raced them to the bottom in fees, although I haven't checked the various fund operators fees lately. I'll probably park less than about half into index funds anyway, but mostly sector specific, the rest will go towards more speculative stocks, options, reits and the such. Vanguard does not appear very good, cost wise in that strategy.
I've got a regular 401k with my employer, plus pensions, so that's where I'll be more cautious. The Roth is where I want to chase a bit more yield for obvious reasons.
Another option of course is to just leave it in the TSP, which has super low fire's already, but very little choice.
 
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joe

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I'll take an absence of answering my question as confirmation.
Never Enron, but my first self directed foray into the market was shortly before the dot com bubble burst. I haven't been able to remember/find what specific stocks were involved.
 
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Jack

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Ah, my favorite thread is back :cool:

I'll probably park less than about half into index funds anyway, but mostly sector specific, the rest will go towards more speculative stocks, options, reits and the such.
Allocated out of most pure passive index funds. Hated the thought of dollars invested blindly across an index, chasing good companies & shit companies. Believe it diminishes parity and will allow the active fund managers to take advantage of dumb/lazy money.

We had a great run in the growth-focused funds so started to tilt towards value-focused diversified market caps, international/EM, Tech (FDN, LIT, FBT) & Financials (XLF, QABA), in fixed income I still favor high yield space (ANGL) and real estate (REM). Wont touch a crypto.
 

Rimil

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Hivemind says buy Ethereum, and HODL. But don’t put more than 2% of assets in crypto.
So what you're saying is lever up your equity 100x then only put 2% in crypto ;)

People confuse assets and equity all the time. Assets are what you have, debt/equity are how you paid for them. I wouldn't put 2% of something I borrowed on a speculative bet.