think e-trade is different. it's not like robinhood where you just say you want a margin account and you're approved. took me a couple weeks to get approved i think they did an asset check
I had to turn off margin on RH so I could day trade without 25k in capital. But now I have to wait on funds to settle to rebuy anything so I effectively can't day trade anyway
they will learn this lesson the hard way when kids with a $5k net worth get margin called on TLRY or BYND and don't have any more money
They give out "instant" accounts so you don't have to wait on deposits or funds to settle, but you have to apply to be able to actually trade on margin. Also if you don't know about ironyman, you need to learn. https://www.marketwatch.com/story/t...sk-then-promptly-loses-almost-2000-2019-01-22
He actually withdrew 10k in cash from the premiums before his options got exercised by RH so they're still probably chasing him to get that 10k back.
anyone well versed in business real estate investing? have an opportunity to invest in a medical facility with solid returns by someone I trust, but want to run some of the numbers across some experts would like to discuss off the board
I've got a spicy $22.19 in my robinhood account. I made one months ago and got SNAP and forgot about it. Then read about how rh allows one to make a limit sell and marked it up 5% and set the order, and it sold yesterday. So you could say I'm something of an investor myself. In my search to figure out how to do this every so often, I found tradingview that has all of these great filters and charts and such, did some light digging to find out a strategy and am looking at pullbacks. I want to learn more to wrap my head around it all. Investopedia? Books from the library? Something else? Edit: or is the impending economic downturn more of a sign that I should slow my roll? Are there trading strategies that are more successful when things go to shit?
Same way you developed an unhealthy sports habit. Watch and read. More hours you put in the more you’ll learn. I really enjoy reading WSJ daily and then throwing a few bucks at more long term shit.
To this point, any youtube channels or blogs that you'd recommend? I'll check out the WSJ of course, thanks.
Whatever fancies your interests. Beautiful part about it is that it covers everything. I like IT shit, grocery markets, rare earth elements, and so many other random things. You can get as niche as niche gets. For a broader overview type, my wife is in the business so that’s how I got tons of information. Other than that just read what’s interesting.
Can anyone here ELI5 why my NWM wealth manager is saying that “cash was the best performing assets class last year, and encouraging me to build up my high-yield savings rather than pouring more into the market this year?
The market was down last year overall while cash earned a return. I wouldn’t invest in high yield savings over the market.
We’re probably paying off a mortgage towards the end of 2020, so given that timeline maybe HYS is the right bet
I am not the NC in the DINC equation but trying to get this shit paid off. Fuck a mortgage bruh. HYS can get you in the 2.3s right now. In a year to 18 month timeline that makes considerably more sense if you're looking to pay off a mortgage just from risk alone.
HYS compound monthly too with the growing interest and any added capital. I like the mix of contributing to both a HYS and retirement. With the current market volatility and the yield curve showing signs of a slowdown I’ve been allocating more towards the HYS than I have previously
What's your guys' combined income? Combined we're a little over $X, but I feel like we're still poor. Nowhere close to paying off the house.
We’re you previously meeting your 401k contribution cap and just chose to scale back in favor of HYS?
Around there, but we live really tightly, have both cars paid off, and hopefully will have one of our two mortgages paid off next year.
How old are you? I hoping you're a lot older than me so I don't feel as bad. My wife blows money like it's nothing.
38 My wonderful, Jewish wife is incredibly frugal. We have a budget. We stick to the budget if we want things like oh I don’t know sex.
Less than you but still do well enough. When my wife and I decide to buckle down on something we get after it. Paid our student loans off in 3 years when they weren't a lot less than what's left on our mortgage with a lot lower income (not so many childrens though). It helps we refi'd not long into our mortgage to get into a 20 year and then started throwing extra on top of that right away to where it would have been 12 years at that rate. You don't spend what you don't have. Liquidity is nice though and there's an argument to be made to not pay it off and invest elsewhere but no mortgage in early/mid 30s just sounds so neat.
i get not wanting to carry debt for psychological boosts but the argument for any debt sub 4-5% being not worth paying off early made more sense to me from a financial standpoint
Oh it absolutely does. But now there's no tax benefit unless you itemize and with the doubled standard deduction you have to have a lot to itemize. Having that additional monthly after tax mortgage dollars sounds super awesome. Honestly the biggest reason I want to carry no debt is if I ever take a header walking across the road my family will have minimal monthly obligations to make without my income.
still the average stock market gains are higher than the debt, I also get making a judgement call as the stock market has kind of sucked the last year and basically everyone is preparing for at least a mild recession in the short term may i interest you in a term life policy
I’m self employed S-Corp so I have a SEP that I contribute to. Based on my paid salary to myself I have X amount that I fund into it monthly. Instead of putting in extra income to a Roth I’m going the HYS route for the time being for those reasons mentioned above. Continuing to build the nest egg and have accessible liquid is another factor.
We aren't married, but I'll eventually get around to that, that said 29 y/o 170k combined. And lol at that buying a house anywhere close in the Bay/California in general so renters life for the next 3-4 years and then we'll see if we have enough saved. My dilemma is do I want to use what we have saved come market crash on a downpayment or deploy it into the stock market.
We aren't married, but I'll eventually get around to that, that said 29 y/o 170k combined. And lol at that buying a house anywhere close in the Bay/California in general so renters life for the next 3-4 years and then we'll see if we have enough saved. My dilemma is do I want to use what we have saved come market crash on a downpayment or deploy it into the stock market.
I think a national real estate crash a la 2008 is highly unlikely. In over-appreciated urban markets such as yours though, anything is possible with the untenable income/property value/rental rates status. I think you’re wise to stay highly liquid.