Boiler Room: The Official Stock Market Discussion

[winb83]

Not saying anything to anybody in here that is in the know, but to all others I say this, Automate the process. Whether it is automatic deductions from your check 401k, automatic deposits in your brokerage account, automated purchases of stocks, bitcoins or whatever, just automate. The less you have to think about it the better. Only thing I learned from getting older is time. Time. It just keeps flowing. While you worrying about right now time flows. While you looking back it flows. Automate so you don’t think about time, until the day you think about it and that steady trickle of change turned into an ocean of cash.

I don't automate because I don't always invest the same amount. I also have 3 brokerage accounts so there's that. I invest some money every week though. I usually buy at least a single stock a week or if it's a lower cost stock like Ford 10 shares a week.

 

[Hawaiian Punch]

I don't automate because I don't always invest the same amount. I also have 3 brokerage accounts so there's that. I invest some money every week though. I usually buy at least a single stock a week or if it's a lower cost stock like Ford 10 shares a week.

Definitely not knocking what you do because it works for you. I just feel like some people get gung-ho and fall off over time. If they automate then you don’t even miss the money. It’s like having an automatic deduction in a paycheck. You never miss it. Plus they have newer brokerage setups where you can automate and adjust percentages you invest in portfolios and such.

 

[ryderldb]

Not sure if this is the right thread to ask this question but any opinions on a Variable Universal Life (VUL) insurance policy as a Roth IRA alternative?

 

[winb83]

Not sure if this is the right thread to ask this question but any opinions on a Variable Universal Life (VUL) insurance policy as a Roth IRA alternative?

A Roth is tax free growth if you take the money out at 59 1/2 years old. If you’re in your early 20s or so a Roth is a great way to retire a millionaire or close to it.

There really isn’t a Roth alternative. Tax free long term capital gains and dividends compounded annually from a young age over decades.

 

[ryderldb]

A Roth is tax free growth if you take the money out at 59 1/2 years old. If you’re in your early 20s or so a Roth is a great way to retire a millionaire or close to it.

There really isn’t a Roth alternative. Tax free long term capital gains and dividends compounded annually from a young age over decades.

I’m phased out of contributing to my Roth IRA so a financial consultant is trying to sell me on a VUL. The annual life insurance premiums into it are basically contributions into an investment account. Since it’s life insurance the withdrawals are tax free and you can also take out a loan against the death benefit at 0% interest.

 

[Skooby]

I don't automate because I don't always invest the same amount. I also have 3 brokerage accounts so there's that. I invest some money every week though. I usually buy at least a single stock a week or if it's a lower cost stock like Ford 10 shares a week.

Why three?

 

[winb83]

Why three?

SoFi lets me buy partial shares. Fidelity for when I need a true brokerage and for my Roth / IRAs. Chase gives me 100 free trades a year. Both Fidelity and Chase have Drip re investments but SoFi doesn't. To be honest if SoFi had an option for drip I'd close the Chase account and just use them and Fidelity.

I sold my share of Google a while back and kinda regretted it after so on SoFi I can buy $100 of a Google share a week or two until I build back up to a full share. I usually just take my dividends or spare dollars left over after a trade and invest it into either Google or VOO as a partial share.

 

[ViShawn]

Alibaba bullish.

 

[ViShawn]

Y'all think Facebook is gonna beat earnings?

 

[ViShawn]

Wow Facebook is bullish before earnings.

 

[ViShawn]

Facebook just beat EPS by 6%.

 

[☑︎#VoteDemocrat]

 

[Futuristic Eskimo]

Ive made far too much money riding short squeezes on this piece of shyt OSTK

I was in Barcelona in late 2017 the last time this happened and I'm heading back to Spain next week

 

[88m3]

The Fed Just Cut Interest Rates. Here’s What That Means for You.

 

[winb83]

What the hell happened? I lost almost a full percent of my portfolio today.