I'm curious what some of your thoughts are on a self-directed brokerage account vs. managed money. I have a FA that manages my portfolio for 1%. I'm pretty vanilla in my approach, so I'm considering the cost benefits of using a cheaper trading platform to self-manage. Long term plays in low cost index funds would be my general approach. I just don't know which one comes out ahead in the long run. The occasional re-balancing is where I would likely under-perform. Any thoughts out there?
I'm curious what some of your thoughts are on a self-directed brokerage account vs. managed money. I have a FA that manages my portfolio for 1%. I'm pretty vanilla in my approach, so I'm considering the cost benefits of using a cheaper trading platform to self-manage. Long term plays in low cost index funds would be my general approach. I just don't know which one comes out ahead in the long run. The occasional re-balancing is where I would likely under-perform. Any thoughts out there?
I have an FA too and I don't think he does shit for me. Nothing moves unless I tell him to move it. He is really good about trying to sell me insurance though, so I'll give him that. If I ever get around to it, I'll probably end up self managing too since it's basically what it is today.
I'm curious what some of your thoughts are on a self-directed brokerage account vs. managed money. I have a FA that manages my portfolio for 1%. I'm pretty vanilla in my approach, so I'm considering the cost benefits of using a cheaper trading platform to self-manage. Long term plays in low cost index funds would be my general approach. I just don't know which one comes out ahead in the long run. The occasional re-balancing is where I would likely under-perform. Any thoughts out there?
I have an FA too and I don't think he does shit for me. Nothing moves unless I tell him to move it. He is really good about trying to sell me insurance though, so I'll give him that. If I ever get around to it, I'll probably end up self managing too since it's basically what it is today.
Insurance is what pays them the highest. It’s amazing how many times my FA tried back in the day. Got so frustrated that I educated myself and got into trading. Best thing I ever did. So In a way, I’m thankful he wouldn’t stop trying to sell me insurance! Ha
^ Good points, guys. No full court press on selling me insurance yet, but I had that in place before I started working with him, so maybe that's why. In any case, I just know I do a poor job of re-balancing my 401K often enough, and maybe effectively enough. So I'm looking at that as to how I would perform in managing a separate brokerage account. Over the course of many years, I tend to feel he may outperform what I would do by using a "set it and forget it" approach (even with his 1% fee), because he does actively re-balance and use investment options that I would otherwise overlook. And frankly, he is much more knowledgeable, as he should be. Anyway, I know it's the million dollar question. Self-managed is tempting.
Approaching the 15th and XLE is at $35. That is a No Buy from me.
How the hell is the DOW still at 23K? Are people getting paid and just keep buying shit?
A country/world that has shut it's doors is still able to function? I get the deck is stacked but it's almost like it's hanging on and waiting to plummet.
Looking to move my 401K to a safe zone. Money markets?
The Dow is at 23k because the govt is propping up the economy. Even with an estimated 20% unemployment the true job losses could be much higher. The airline industry is a big example. As soon as the govt money runs out Sept 30, they could be facing massive layoffs. Not sure when customers will next be filling airplanes. Are bond funds safe?
I read something on CNN Money yesterday that said stock prices are the most expensive they've been in 20 years, using P/E ratio as the measuring stick. Makes sense. Prices still high while earnings are suffering. As a layman, that tells me enough.
I read something on CNN Money yesterday that said stock prices are the most expensive they've been in 20 years, using P/E ratio as the measuring stick. Makes sense. Prices still high while earnings are suffering. As a layman, that tells me enough.
Markets also tend to look forwards. Earnings are currently in the crapper, but how long are they expected to stay that way? Can you really do a proper P/E ratio, if Earnings might suck for a few quarters, then rebound.. you'd be undervaluing the stock?
Of course this could be stock specific. If you don't think the company is going to rebound, then you wouldn't want to buy a high pe ratio stock.
Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling? While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart. Gamestop is a walking zombie as a brick and mortar store.
Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling? While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart. Gamestop is a walking zombie as a brick and mortar store.
This happens a lot more than makes the news. Only it’s usually the other way around. It’s news now because “the small guy (Reddit posters)”are doing the pumping and the big boys are losing.
Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling? While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart. Gamestop is a walking zombie as a brick and mortar store.
This happens a lot more than makes the news. Only it’s usually the other way around. It’s news now because “the small guy (Reddit posters)”are doing the pumping and the big boys are losing.
yes there are good reasons why short selling should be illegal. You could argue that it's a self fulfilling prophesy. The spike by Gamestop in particular is really eye opening. At some point, the bottom will fall out and it will be right where it started, or worse. Their fundamentals have not changed.
Any of you guys paying attention to this Gamestop and AMC drama, where redidit users that are small buyers are driving up the price to take on the short selling? While it's a bit humorous, there are a ton of small investors that are going to take it in the ass when the pyramid falls apart. Gamestop is a walking zombie as a brick and mortar store.
I’ve been following this both on the tickers and the Reddit thread. Completely bonkers! Hell Elon Musk gave a thumbs up to this yesterday...
I got into the action on a few of these stocks, though limited, for shits and giggles in the past day. If I make a buck or two over the next 24-48 hours, good for me. If I lose a few, no big deal.
I agree though there are some folks that are going to get smoked badly on this though.
Pretty exciting stuff going forward. Find the shorts, preemptively buy in, wait for the people to band together on wall street bets and be quick to sell out. Good for the day traders and retail guys. Hope no one is sitting on these more than a few days.
Pretty exciting stuff going forward. Find the shorts, preemptively buy in, wait for the people to band together on wall street bets and be quick to sell out. Good for the day traders and retail guys. Hope no one is sitting on these more than a few days.
Yeah I don't think this is going to work out for these "populist" investors. The vast, vast majority are going to take a bath. Retail investors acting like they're playing roulette is going to go badly.
I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
That's exactly my view. And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit. There are people on the /r that are just manipulating the rest. They are exiting with their money and regular people are getting burned. This is not going to end well for 80% of the people playing this game.
When the pandemic started, I bought heavy into JPM. I'm a pretty conservative trader who hates to sell. But when I buy, I buy into long term fundamentals focused on a market leader. I also took a tip from a peer who suggested Disney. I bought into it at $120. It stalled for a month or two and he got frustrated and sold. I rod it it out and it's up 35% now. I'm happy with these types of trades.
I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
That's exactly my view. And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit. There are people on the /r that are just manipulating the rest. They are exiting with their money and regular people are getting burned. This is not going to end well for 80% of the people playing this game.
When the pandemic started, I bought heavy into JPM. I'm a pretty conservative trader who hates to sell. But when I buy, I buy into long term fundamentals focused on a market leader. I also took a tip from a peer who suggested Disney. I bought into it at $120. It stalled for a month or two and he got frustrated and sold. I rod it it out and it's up 35% now. I'm happy with these types of trades.
100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.
I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
That's exactly my view. And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit. There are people on the /r that are just manipulating the rest. They are exiting with their money and regular people are getting burned. This is not going to end well for 80% of the people playing this game.
When the pandemic started, I bought heavy into JPM. I'm a pretty conservative trader who hates to sell. But when I buy, I buy into long term fundamentals focused on a market leader. I also took a tip from a peer who suggested Disney. I bought into it at $120. It stalled for a month or two and he got frustrated and sold. I rod it it out and it's up 35% now. I'm happy with these types of trades.
100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.
I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
The president? of the NASDAQ was saying today that they have the software to combine social media chatter with irrational market responses and halt trading. I think that's going to happen sooner than later.
I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
That's exactly my view. And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit. There are people on the /r that are just manipulating the rest. They are exiting with their money and regular people are getting burned. This is not going to end well for 80% of the people playing this game.
When the pandemic started, I bought heavy into JPM. I'm a pretty conservative trader who hates to sell. But when I buy, I buy into long term fundamentals focused on a market leader. I also took a tip from a peer who suggested Disney. I bought into it at $120. It stalled for a month or two and he got frustrated and sold. I rod it it out and it's up 35% now. I'm happy with these types of trades.
100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.
I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
The president? of the NASDAQ was saying today that they have the software to combine social media chatter with irrational market responses and halt trading. I think that's going to happen sooner than later.
If they do have that, it would surprise me if it was used today. Nokia and AMC trading was halted numerous times today and those were being hyped nonstop on the r/sub.
My only rub with what the SEC and the Street is talking about doing is this, if you’re going to put the hammer down on a bunch of “amateur retail traders” for finding a hole in the system and exploiting it to make some quick cash, they better go equally hard on the “institutional traders” who have been doing same thing to line their pockets. I think it really rubs some of those folks the wrong way, being gamed by those that they have historically gamed.
In the end, both of these groups make it harder for people like you and I and others who are just trying to ensure we don’t have to die while working some shit job to buy adult diapers.
I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
That's exactly my view. And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit. There are people on the /r that are just manipulating the rest. They are exiting with their money and regular people are getting burned. This is not going to end well for 80% of the people playing this game.
When the pandemic started, I bought heavy into JPM. I'm a pretty conservative trader who hates to sell. But when I buy, I buy into long term fundamentals focused on a market leader. I also took a tip from a peer who suggested Disney. I bought into it at $120. It stalled for a month or two and he got frustrated and sold. I rod it it out and it's up 35% now. I'm happy with these types of trades.
100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.
I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
The president? of the NASDAQ was saying today that they have the software to combine social media chatter with irrational market responses and halt trading. I think that's going to happen sooner than later.
If they do have that, it would surprise me if it was used today. Nokia and AMC trading was halted numerous times today and those were being hyped nonstop on the r/sub.
My only rub with what the SEC and the Street is talking about doing is this, if you’re going to put the hammer down on a bunch of “amateur retail traders” for finding a hole in the system and exploiting it to make some quick cash, they better go equally hard on the “institutional traders” who have been doing same thing to line their pockets. I think it really rubs some of those folks the wrong way, being gamed by those that they have historically gamed.
In the end, both of these groups make it harder for people like you and I and others who are just trying to ensure we don’t have to die while working some shit job to buy adult diapers.
It wasn't used today, she was saying they will begin to use it.
There are controls in place to halt trading when it becomes irrational. If you remember a decade plus ago, there were the super computer trades that created the giant market drop. That had to build controls at the market to stop that from happening again.
I'm not a fan of the big institutional trading per se, but it's going to be more rational than these pitchfork traders. And I firmly believe that they are being manipulated by a few big dogs in there. Who knows who they are, but they are driving the action. It's no different than Trump riling up the base.
McDonalds stock is at $200 now... Going down. I am going to hit it in a week w options and watch the rise.
I've never thought about restaurant stocks. Interesting.
I bought Shake Shack just over a year ago at $71/share....closed today at $125
Remember the Thomas Nine !! (10/02/2018)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
It's pretty hilarious (and infuriating) to see so many Wall Streeters that have been manipulating and short selling for decades to the tune of hundreds of billions suddenly crying like babies and losing their minds when common folk figured out how to get it done. Suddenly regulators are the good guys that are going to save the day??? 🤣🤣
It's pretty hilarious (and infuriating) to see so many Wall Streeters that have been manipulating and short selling for decades to the tune of hundreds of billions suddenly crying like babies and losing their minds when common folk figured out how to get it done. Suddenly regulators are the good guys that are going to save the day??? 🤣🤣
the irony is thick and juicy.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.- Hemingway
Comments
How the hell is the DOW still at 23K? Are people getting paid and just keep buying shit?
A country/world that has shut it's doors is still able to function? I get the deck is stacked but it's almost like it's hanging on and waiting to plummet.
Looking to move my 401K to a safe zone. Money markets?
"Well, you tell him that I don't talk to suckas."
When the pandemic started, I bought heavy into JPM. I'm a pretty conservative trader who hates to sell. But when I buy, I buy into long term fundamentals focused on a market leader. I also took a tip from a peer who suggested Disney. I bought into it at $120. It stalled for a month or two and he got frustrated and sold. I rod it it out and it's up 35% now. I'm happy with these types of trades.
I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
My only rub with what the SEC and the Street is talking about doing is this, if you’re going to put the hammer down on a bunch of “amateur retail traders” for finding a hole in the system and exploiting it to make some quick cash, they better go equally hard on the “institutional traders” who have been doing same thing to line their pockets. I think it really rubs some of those folks the wrong way, being gamed by those that they have historically gamed.
There are controls in place to halt trading when it becomes irrational. If you remember a decade plus ago, there were the super computer trades that created the giant market drop. That had to build controls at the market to stop that from happening again.
I'm not a fan of the big institutional trading per se, but it's going to be more rational than these pitchfork traders. And I firmly believe that they are being manipulated by a few big dogs in there. Who knows who they are, but they are driving the action. It's no different than Trump riling up the base.
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
Suddenly regulators are the good guys that are going to save the day??? 🤣🤣
"Well, you tell him that I don't talk to suckas."