Boiler Room: The Official Stock Market Discussion

[Insensitive]

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.

Manage your own account if you can help it OR choose a low cost robo-advisor.

Fidelity.
Betterment.
And I think Vanguard offer robo advisors.

I don't know what the service is called for Betterment or Vanguard but for Fidelity
it's FidelityGo.

And if you want to rough it alone and handle your own investments just open a brokerage account
and pick your own stocks, set the days/weeks you want money to pulled into the account and auto-invest monthly
(I do this for the account I personally manage while the account I'm hands off has the robo-advisor!)

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.

Okay that's what's up breh.
Do you operate your Fidelity account similarly to how the M1 guys do it ?
By setting up auto-investments in stocks which return a dividend ?
IF someone wanted to take this approach are there any websites you'd recommend ?

are your "drip" investing ? Or is it another style ?

 

[Saysumthinfunnymike]

See you all in 2021 ... it was a good 8 months for the bulls like MJ was back

 

[winb83]

Manage your own account if you can help it OR choose a low cost robo-advisor.

Fidelity.
Betterment.
And I think Vanguard offer robo advisors.

I don't know what the service is called for Betterment or Vanguard but for Fidelity
it's FidelityGo.

And if you want to rough it alone and handle your own investments just open a brokerage account
and pick your own stocks, set the days/weeks you want money to pulled into the account and auto-invest monthly
(I do this for the account I personally manage while the account I'm hands off has the robo-advisor!)







Okay that's what's up breh.
Do you operate your Fidelity account similarly to how the M1 guys do it ?
By setting up auto-investments in stocks which return a dividend ?
IF someone wanted to take this approach are there any websites you'd recommend ?

are your "drip" investing ? Or is it another style ?

I usually take my dividend money and pool it together add a little more and buy something I choose. I don’t drip reinvest it. Right now my plan is take all of it and add to Planet 13 until it comes to a decent size. Before I was buying DBX and STOR and before that.

The dividend game is for people that have much larger portfolios than I do. Many dividend stocks aren’t gonna grow like that which is why they pay a dividend. The ones that grow usually have tiny dividends like Apple or Visa.

If my dollar amount is so tiny (a $60K portfolio is very small) I’m probably better off trying to grow it rather than collect dividends.

 

[FabTrey]

Happy New Year nikkas.



let's stay humble and hungry for 2021. and hope all yall continue to eat.

 

[FabTrey]

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 actually recommend opening up robinhood.

i love it. so easy to use.


i like my fidelity, but it's kinda ugly and old.

and you don't need a managed account. just do it on your own. no fees.

 

[El_Mero_Mero]

I only got about a couple of dozen or so posts in this thread, but I wanted to give thanks to all those who were posting in this thread for a while now.

I used to go to stock twits and reddit as my main sources, and I still check them out from time to time, but as soon as I wake up I check this site first.

I don't want to name y'all (for fear of leaving somebody out), but thanks a lot for all you guys did. Also, there were a lot of plays that I missed out on, but I'm not broke yet, so with this New Year coming up hopefully everybody can eat. Thanks again and Happy New year.

 

[winb83]

How many of yall use stuff like this to calculate a stock's value?

 

[Reign X]

This market helped fill entertainment void from this year. Got in late in June and still made a lot. Gotta be ready for a downturn and a normal return won’t be the same but it’s better when you got a bigger portfolio.

Amazon, Apple and bitcoin have helped people become millionaires over the years. I missed all of those. Got on tesla late but still up a nice amount. Hopefully some of us can find one of the next decade defining stocks.

 

[Bboystyle]

i actually recommend opening up robinhood.

i love it. so easy to use.


i like my fidelity, but it's kinda ugly and old.

and you don't need a managed account. just do it on your own. no fees.

Its easy to use until u have an issue with your portfolio and u stuck sending and waiting for emails for weeks on end


I only use RH to do a quick check on a stock price because it has the GOAT mobile interface.

 

[FabTrey]

Its easy to use until u have an issue with your portfolio and u stuck sending and waiting for emails for weeks on end


I only use RH to do a quick check on a stock price because it has the GOAT mobile interface.

I know it takes forever to deposit money. It's a reminder that account should carry cash all the time.

Other than that i aint got no complaints.

 

[Doomsday]

fukk sold too early this is going to 10 soon it's got the juice. Nndm type run

Naw, NNDM was legit. It steady rose to 10.00 throughout the year. BNGO is more like GNUS. Mooning until the likely (not guaranteed) crash after it gets around 10.

 

[bnew]

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.

i think you can do much better.

i started in october and 99.9% of my porfolio is spec plays and i'm up 45% as of today. it could have been way more but I've only sold 3 stocks out of 60+. i was really trying to avoid dealing with capital gains taxes for 2020.

the only way I see myself ever making real money from investing in large cap companies with significant sums is to make more money fast on risky plays.

Also it took me a while to mentally adjust to putting more than $500 into one particular stock or buying stocks that were $50+/share, that cost me.

 

[bnew]

I’m up over 200% on BNGO, but may hold a little longer. I want to see how high it goes.

i thought this was a long term play since they're tech competes with PACB and is supposedly cheaper.

 

[Rekkapryde]

Happy New Year nikkas.



let's stay humble and hungry for 2021. and hope all yall continue to eat.

This thread has been fold for me in less than a month of being dedicated.

Definitely appreciate it everyone!

 

[mannyrs13]

I don't know why my performance benchmark doesn't show up on the fidelity app. They must not want me knowing how I'm doing.


I see on my activity that all the ark fund capital gains are due to hit on Monday so that's something to look forward to. Not much but hopefully I can get more the next time they pay out.