Boiler Room: The Official Stock Market Discussion

[Ya' Cousin Cleon]

Let's say I want to keep Robinhood, but migrate to something more lucrative if that makes sense

anything specific you want to know?
I opened an account with schwab, was pretty straightforward to deposit money into there from my bank. Their service is also great, never had to wait to chat with someone on the trading desk. Keep in mind that you do have to answer some questions over the phone to enable options trading if that's something you're interested in. Other platforms like robinhood don't have that requirement.

 

[redd2013]

it’s possible but that is where I run into trouble with pennies...“falling in love” with where it could end up instead of appreciating what I already made...you secured a win regardless

Ya you right especially with all the L's I took in the market this year. Great way to roll into 2021. All yall keep dropping the great info we all appreciate it. 2021 we all about to eat.

 

[dora_da_destroyer]

Let's say I want to keep Robinhood, but migrate to something more lucrative if that makes sense

Your brokerage doesn’t determine how well your investments do. I’d suggest a brokerage other than RH for competency reasons, customer service, as well as extended trading hours and OTC stocks, but how lucrative your account is depends on your investments.

 

[Houston911]

Time for me to do an ira in 2021

 

[K-Deini]

Bngo, why you have to do me like that?

 

[mannyrs13]

Time for me to do an ira in 2021

Fidelity one is great. Can trade pretty much anything and not worry about tax implications for now. Long as you can hold the money for as long as possible, 59.5, then it's perfect.

 

[NatiboyB]

Does anyone predict apple growing a great deal going forward or will they become a steady safe play. I’m trying to basically figure out if I should cash in my apple stock and go after ARKK or even putting it into TSLA

 

[Mirin4rmfar]

Your brokerage doesn’t determine how well your investments do. I’d suggest a brokerage other than RH for competency reasons, customer service, as well as extended trading hours and OTC stocks, but how lucrative your account is depends on your investments.

Which one do you think is the best? I looked into managed brokerage but they want .5 percent of my overall account. I believe its charged every 3 quarters. I am not really feeling that. That was with fidelity.

 

[winb83]

Does anyone predict apple growing a great deal going forward or will they become a steady safe play. I’m trying to basically figure out if I should cash in my apple stock and go after ARKK or even putting it into TSLA

I don't really ever plan on selling my Apple shares. Unless the business fundamentals change I'll hold if my whole life. If anything I wanna add 20 more shares to reach 100 but its not a priority right now.
My never sells:
Apple
Microsoft
Facebook
Disney
JP Morgan Chase

People can call those boomer positions. Still not selling any of them until at least retirement and probably not even then.

 

[winb83]

Speaking of that "boomer" portfolio.
Yo @winb83 with your old investment approach/style was it successful ? Did you see great returns ?
What sort of strategy did you use to put together your old portfolio ?

For the curious among us !

It wasn't a complete failure it outperformed the S&P marginally.

My objective was primarily to have money that generated an income. I won't say it's still not that but the underperforming stocks I plan to ruthlessly cut loose and put that money into growth stocks.

Either they grow the dividend fast, have some type of capital appreciation or they're gone.

 

[dora_da_destroyer]

Which one do you think is the best? I looked into managed brokerage but they want .5 percent of my overall account. I believe its charged every 3 quarters. I am not really feeling that. That was with fidelity.

If you’re going to be self directed - they’re all the same - etrade, fidelity, TD, Schwab. Little differences in service, UI of research/trading platforms may sway you one way or another.

I don’t think .5% is a lot to ask for managing your portfolio if you get results, but in this current market, I don’t think you need to pay for a managed account to get good results unless you truly have no interest in doing a little research. But even if you don’t, you could stick your money in QQQ, MSFT, AAPL, DIS and still likely get 20+% without having to work for it.

 

[Saysumthinfunnymike]

Does anyone predict apple growing a great deal going forward or will they become a steady safe play. I’m trying to basically figure out if I should cash in my apple stock and go after ARKK or even putting it into TSLA

Out of the 2 I would say the ARKK ETF would likely grow quicker but the ark series also started buying Apple so there's exposure

 

[Hahahaha]

Which one do you think is the best? I looked into managed brokerage but they want .5 percent of my overall account. I believe its charged every 3 quarters. I am not really feeling that. That was with fidelity.

I just choose Fidelity since 401K's have always been through them. They are all basically the same.

Managed accounts are different and I do not have experience there. I'd buy SPY or ARK funds before going down that path.

 

[Hahahaha]

My net worth jumped over 225K this year.

 

[Houston911]

Looked online and it said I have up until tax day to start/contribute to a 2019 ira and I can do one for 2020 once those funds settle