Any particular reason you wouldn't use any of the big 3? Fidelity, Schwab, or Vanguard? Not criticizing but just curious what they might not have, specifically, that you might be looking for elsewhere.
Watchlist is Jr miners - FSM, PAAS, AUY. As for SBSW, Russia produces 50% of the world's palladium supply. Russia is going to be fucked by these sanctions and no one will touch their metals. I think it has more upside as it doesn't have assets in Russia.
If you're making a change, I would avoid a China based brokerage at this time. Agree with others that TDA/TOS is the way to go.
I have Vanguard and Schwab for different things - longer term stuff mostly. I’ve been using Robinhood to mess around with things and was looking for something with more tools and charts than RH but still separate from the real brokers for trying things out with play money.
At the risk of looking like a total moron I’m going to say the setup into close today is the best I’ve seen for a > 4% gap down since March 2020. Could be an interesting night.
Sold 1,000 shares of SOFI on the 20% after hours bump, I'll pick them back up once it cools off again.
finance bros were always the worst of us, but the internetification of them has made it so so much worse
Would like some additional clarification here, if you don't mind. Right now I put a certain percentage of each paycheck into index funds. Both S&P500 and total stock market. I do it consistently, twice a month, regardless of what's going on. I know you're way more into specific sectors and even specific individual stocks. But if you were in my shoes, sounds like you would just stop contributing like I am now, and hold onto the cash? If so... For how long? Sounds like you're expecting the bottom to drop out fairly soon.
I don’t mind it tbh. We are already way better at posting so it’s easy to meme them to death. Also makes it possible to understand a lot of the crap they’re obsessed with
I figured but still just curious to soak up as much knowledge as I can. I know trying to time the market is not good. Like two days ago I put more in. And that particular fund dropped 1.62% today. Basically wiping out what I gained yesterday. Hindsight it's just frustrating. And I'm likely not going to change anything as this is all long term stuff. But still curious.
yeah i really just hate our financial news media (and the people involved) could probably sell me on the 24 hour news coverage of financial markets being nearly or as destructive as the general explosion of cable news
I wouldn't change your strategy Seavie . My thesis is based on the S&P Pe Ratio. It's still way out of historical metrics. Obviously it's driven by money supply, and as that money supply dries up I feel we'll move downward. Commodities are increasing, and will continue to do so. This will eat at margins.
I’m doing the same thing while expecting bigly bearish activity. Not even gonna try to outsmart the levers that run the show.
its boring and against most peoples personalities to just invest and ignore it, then as you get closer to retirement age start rebalancing your stock/bond ratios. until proven otherwise it's the winning scenario but we're all bombarded by media both advertisements and news trying to get you to become a day trader, because those companies want to take your money. i follow it from a global economic scenario vs trading, so its always funny to see traders get mad at Powell but globally the US dominated the recovery from covid and people who follow that aspect think he's a King. it's why there's some tension from me being in these threads (or crypto threads) imo.
JPow has done more to entrench structural inequality than any fed chair. Proles will have a field day pissing on his grave inshallah
Trader propaganda is a new one. Assuming you own property? I’m a renter, wage worker that is seeing the amount of money required to put down on a house go up faster than I can save it at the same time my landlord wants to raise rent 15% if I choose to stay where I am. Who should I be mad at?
housing prices are almost completely unrelated to the actions of the Fed chair nimby's and their allies that restrict housing supply at every corner is who you should be mad at
if you compare the US recovery from covid to other peer nations and think we fucked up you're just lost in the sauce or you want austerity back on the menu as it's better long term for capital owners
This is not financial advise and I am not a financial advisor, but just keep doing this and stop looking at your accounts on a daily basis.
Also mad at the NIMBYs. Different kind of asshole. Fed buying mortgage bonds had a direct effect on housing prices, that’s not really a debatable thing. There’s rampant speculation, shit man HGTV pumps a lot of TV shows about it. HELOC to use as DP on 2nd or 3rd home and then they think they’re big time landlords but they’re just parasites feeding on renters wages. Current mode of production is already kill bc of demographics and climate change. MMT can’t fix it.