Boiler Room: The Official Stock Market Discussion

Sugarbush

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Is RobinHood as bad as everyone says? I'm thinking of doing the $5 a month to get the 4.9% APY on cash waiting to time the market :mjlol: @Serious .

Their UI seems great and looks like they don't really have fees (as compared to Schwab 0.65 per contract). I know there are small minor fees but nothing compared to 0.65 per.
I switched to Robinhood after the Schwab/TDA merger. I might be in the minority here but I like them.
 

Dolla$

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My take on affirm from discord earlier today
What’s the link to the discord bro
 

BreezyH

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Is RobinHood as bad as everyone says? I'm thinking of doing the $5 a month to get the 4.9% APY on cash waiting to time the market :mjlol: @Serious .

Their UI seems great and looks like they don't really have fees (as compared to Schwab 0.65 per contract). I know there are small minor fees but nothing compared to 0.65 per.

depends on what you do with it. for trading? not great, awful fills.
 

chineebai

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There’s uncertainty if there’s going to be a rate hike again and that uncertainty is the driving force in what we’re seeing now in the markets. I’m in the camp that rates will go higher, at least 6% terminal rate before it stabilizes.
 

BreezyH

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There’s uncertainty if there’s going to be a rate hike again and that uncertainty is the driving force in what we’re seeing now in the markets. I’m in the camp that rates will go higher, at least 6% terminal rate before it stabilizes.

i'm going more into the camp that rising rates can't fix the US' problem, but they should still get raised. at the very least they should stay where they are at. the assumption that a pause will lead to a cut is delusional but i hear it daily. going to get a lot of folks underwater
 

Controversy

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The importance of timing the market is understated

A $10k investment in the year 2000 in an index fund that tracks the Nasdaq would've netted a little less than $34k today

On the contrary, a $10k investment in the year 2003 (instead of the year 2000) in the same index fund would've netted nearly $111k today
 

Serious

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The importance of timing the market is understated

A $10k investment in the year 2000 in an index fund that tracks the Nasdaq would've netted a little less than $34k today

On the contrary, a $10k investment in the year 2003 (instead of the year 2000) in the same index fund would've netted nearly $111k today
I think that’s why it’s important to DCA over lump sum. Most people probably can’t lump sum to time the market.
 
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