Boiler Room: The Official Stock Market Discussion

[theworldismine13]

any of y'all ever buy on margin?

i dont buy stocks on margin, but i actually use my margin as a credit card, since you can borrow cash from your margin account

i get my direct deposit into my brokerage, so it pays off my margin

 

[TRFG]

i dont buy stocks on margin, but i actually use my margin as a credit card, since you can borrow cash from your margin account

i get my direct deposit into my brokerage, so it pays off my margin

How does the interest work?

 

[theworldismine13]

How does the interest work?

9% a year on ameritrade, you will get a margin fee every month depending on how much margin you are using. you need $2000 minimum and you cant ever let your stocks+cash be less than that

but it works good, cuz if you go to an atm your debit card shows your cash + your margin as the amount available, so you can have access to your margin anytime.

td ameritrade checking + brokerage is a really really good combo IMO, I think the best part of it is that when you get extra cash you dont have to ask whether you should spend it or invest it. the answer is simple, you invest it and then use the margin to spend on what you want

 

[theworldismine13]

for the brehs looking for affordable brokers:

Fidelity slashes online trading fees

td ameritrade just went down to 6.95

they can deny it all they want but they are feeling that robinhood heat

 

[theworldismine13]

 

[BushidoBrown]

td ameritrade just went down to 6.95

they can deny it all they want but they are feeling that robinhood heat

they shifting the paradigm
they leveling the playing field
Robinhood couldnt possibly be a more fitting name

 

[EARFQUAKE]

Really wish I had time to sit down and get into this lifestyle

 

[TRFG]

SNAP

Why didn't I buy

 

[J Money]

Also pissed I ddnt get into SNAP

At the same time once the hype dies down it'll be a nice short...

If it ever gets bought by Facebook though

 

[无名的]

SNAP will be one of the most heavily shorted stocks in the coming months. Pros are just riding the wave of irrational amateur investor exuberance in a hot tech stock they understand... it's all good until it isn't. Most tech stocks are disasters. SNAP probably will be too.

 

[Hugs]

What should I be on the lookout for?

 

[Diondon]

I cosign SNAP. But get out before their first quarterly report . They don't make no money
And goddamn Tyson Foods had a bird flu break out

 

[levitate]

Target is down about 18% since I bought at just under $70.

 

[N.J.stan]

Sold GSS for 62% profit after holding for over a year. Sold before earnings for a buck, now down around the 70 cent level. Seems to be finding support here, may have to dip back in.

 

[ill]

Holy fukk the EUR is falling hard.

Just went to pay for something that needed to be converted into Euros first and the exchange rate blew my mind.

EUR/USD is 1 EUR = 1.05 USD

We're almost at parity

I looked at the 3 year chart and its dropped from 1.40 all the way down to 1.05. Unreal. Perfect time for a European vacation though