Too Hot Investment Thread

I’ve been very happy with Schwab. I’m sure Fidelity is great as well.
Please stay away from leveraged ETFs. They erode over time. They should only been used for very short term trading, not something to hold.

 

Yeah. This.

Honestly, it's an enormous jump from owning some index funds/ ETFs and maybe a few individual stocks to doing options trading.

That's like 8th grade ed level to PhD type jump. If it's something you really want, study, study, study until you deeply understand, and even then, you should paper trade for a while first.

I don't bother. I live in cash accounts and avoid options. Stock price is manipulated against us enough. That world is some next level stuff.

 

Oh I'm totally sticking to the basics. But I'm trying to learn terminology, too, so I'm not so lost. I start reading those terms (leveraged etc) & I feel like I'm trying to read some ancient Egyptian manuscript or something.

 

Yeah I don't want to borrow or have a line. Literally want nothing in other than what I can afford to put in/lose. I'm sure that's how folks make money and at 46 I'm old & late to the game (there are TEENS posting on Reddit that they're investing, so good for them!), but better late than never.

 

I've had Fidelity and Schwab for a long time now. Both are pretty good although Fidelity interface is a little better. I also have Vanguard but their interface sucks. With Fidelity, you can get their credit card which gets you 2% on all purchases with cash back going into a fidelity account.

 

So I went with Schwab...tried to do Fidelity but it said I already existed (have never applied there), crashed twice...and just didn't get a good vibe *shrug* going to call them to find out what the deal is with it showing me already in their systems though.

I was lost doing the application and boy was customer service incredibly helpful. Step by step, transfered me quickly as needed, very very nice folks. Considering my lack of knowledge good customer service is key for me

 

Yeah, I found customer service at Schwab to be incredibly helpful. I was pleasantly surprised given how huge the company is and what a small fry I am. I’ve had a Schwab account for 20+ years that only had 11 cents in it. I used it to get stock research and opinions (Schwab, Morningstar, Credit Suisse etc). Recently I bought one of their very low load index funds and received good service.

 

I went with a great guy at Edward Jones, young hungry, new family, needs to succeed.

Put most all my retirement into them in 6/2020. Up about $200K in that time, though was $200K higher before the current President's mess. Will wait it out, though.

 

Holy smokes!! That's incredible!

 

The disadvantage of fractions - Schwab only transfers whole shares or higher LOL. I'll keep the fractions sitting in RH then use Schwab for their version (slices)/the Roth stuff/rest of the all-in-1.

I will say I wish their interface was better (live tickers for example) but I can use MSN money or RH for live stuff. But very very happy with their help .

 

Not secured enough to fend off inflation.

 

They are called shit coins.

 

Amazon wasn’t around in ‘91.

 

I have SHIB as far as meme coins go.

 

I have 15$ split between bitcoin, bitcoin cash, and etherium on Venmo, & I'm down about $2. Then I put $15 in coinbase, which at the time was giving $5 free in bitcoin plus you can earn crypto by doing their learn section. Even though some are obscure, I've ended up with Solara, Cardano, Shiba, Polygon, & Stellar Lumens. So from that $20 there I'm to just under $27. *shrug* other than rewards I don't intend to do more crypto anytime soon. Too crazy & confusing for me.

 

Here is a great place to learn more terminology about stocks, bonds and other investment tools...


There are tons of rabbit holes where you get one definition and the article is loaded with hyperlinks to other terms and definitions on their site.. It's my favorite go to site for learning more about stocks, bonds municipal bonds etc etc...

I hope you enjoy it as much as I do, Icequeen.


Financial Terms Dictionary

 

It’s carnage! Carnage!

 

My oil stocks & gold are doing beautifully though.

Irony - Schwab gave me 5 free stock slices of their "top 5" stocks. I'd already gotten slices of stocks I liked on Robinhood. So 10 slices. Only 3 finished positive today. Those are 3 of the 5 I picked LOL

All I can say though is I know it's all cyclical and just a few bucks here and there. The bigger fish must be losing their minds right now! I know things are going to continue to slide but who knows?

Lockheed, Raytheon, Northrup stocks anyone?

 

Seriously though, this was long overdue, it’s healthier to have these than not.
And good news is that I have 10-15k going in to the market Friday after close, so getting some seriously discounted pricing.
I put it as a range, because usually I put half my new money towards my mortgage and half into the market, but with the continued price drops it’s hard not to load up.

 

I'm just going to continue putting my few bucks in consistently. Yeah in my reading I'd seen where folks were expecting this...which is why my more recent additions were to Exxon, chevron, & more Barrick gold among a few others. Since I don't have much to add I have my set amount, look at how my shares are doing, then put in accordingly for that week.

Holding steady in green territory even though lower than before.