https://robinhood.com/
A pretty nifty stock trading app, with computer to come later.
it is completely commission free, but the way they intend to make money is by having people margin trade.
Margin trade is essentially borrowing from the broker to purchase stocks.
It would be nice to hear about more people in the video game community talking about this sort of thing.
Anyways, They are now introducing a instant version of stock trading app. It now will give you funds instantly instead of having to wait 3 days for funds to settle, and will let you use money you deposit instantly up to 1 grand. I've been playing around with it, And have made several investments.
I would like to get earlier access to the instant version, which can be done by having people you invite completely register and get their account set up.
Summary: free stock trading app, sign up through my link please, by adding me(i get earlier access to instant trades).
https://robinhood.com/
A pretty nifty stock trading app, with computer to come later.
it is completely commission free, but the way they intend to make money is by having people margin trade.
Margin trade is essentially borrowing from the broker to purchase stocks.
It would be nice to hear about more people in the video game community talking about this sort of thing.
Anyways, They are now introducing a instant version of stock trading app. It now will give you funds instantly instead of having to wait 3 days for funds to settle, and will let you use money you deposit instantly up to 1 grand. I've been playing around with it, And have made several investments.
I would like to get earlier access to the instant version, which can be done by having people you invite completely register and get their account set up.
Summary: free stock trading app, sign up through my link please, by adding me(i get earlier access to instant trades).
we can all be the axiomatic we've dreamed of
we can all be the axiomatic we've dreamed of
Robinhood is only licensed to sell securities in the United States (US), to US citizens and residents, and will not permit anyone who is not a legal US resident to purchase or sell securities through its application until such time as it is approved to engage in the securities and investment business by the appropriate regulator(s) of a foreign jurisdiction. Robinhood is currently available to legal US residents over 18 years of age only. Robinhood is not providing financial advice or recommending securities through the use of its site and it is authorized to engage in the securities business solely in the US.
:(
I'm getting downfragged even though this is truth!
[quote]Robinhood is only licensed to sell securities in the United States (US), to US citizens and residents, and will not permit anyone who is not a legal US resident to purchase or sell securities through its application until such time as it is approved to engage in the securities and investment business by the appropriate regulator(s) of a foreign jurisdiction. Robinhood is currently available to legal US residents over 18 years of age only. Robinhood is not providing financial advice or recommending securities through the use of its site and it is authorized to engage in the securities business solely in the US.
[/quote]
:(
I'm getting downfragged even though this is truth!
Obviously the lack of commission make it a wet dream for smaller trading, but the bare-bones layout + features are gonna put off anyone with actual $$$.
It's a good step towards making markets more accessible though.
Obviously the lack of commission make it a wet dream for smaller trading, but the bare-bones layout + features are gonna put off anyone with actual $$$.
It's a good step towards making markets more accessible though.
Wow that app's UI is gorgeous.
Wow that app's UI is gorgeous.
ive been thinking about starting a mutual fund and also getting into buying small safer stocks. ive been quite interested in it all and know a very minimal amount about.
ive been thinking about starting a mutual fund and also getting into buying small safer stocks. ive been quite interested in it all and know a very minimal amount about.
I've heard of some apps like this, but never tried them before.
I did some penny stock trading a few years ago. Put in $1000, within a couple months it turned into about $1600. Then I got totally screwed by my brokerage account. The particular security that i purchased through my brokerage account was no longer tradable, and the only option was to trade it via like an actual paper certificate or some bs to the tune of a $300 fee or so. And the stock I wanted to trade took a nose dive so it was worth less than $300 so I was basically stuck. All in all, I didn't lose anything but I just wrote that stock off as a loss.
Oh and by the way taxes are a real bitch. I had to like record every profit/loss. I think there is software that you can pay for to do this but it was a PITA even with just like 20 total trades.
For people new to trading though, a lot of brokerages allow you to open a "fake account" with fake money. So you can basically experiment with a fake 50K and see if you can grow it. A good way to practice playing in the wall street casino.
Probably the easiest way though to roughly double your money though is quite honestly to wait for a disaster to happen and then invest at what you think is roughly the low point. A few examples, Earthquake in Japan, Tsunami around Thailand, BP Oil spill etc.
domthewhiteguyive been thinking about starting a mutual fund and also getting into buying small safer stocks. ive been quite interested in it all and know a very minimal amount about.
Mutual funds are generally for long term holding of several years or more. The grown potential is much more limited than investing in start up companies. I held some Canada mutual funds for a few years they did reasonably well, but I got out. I think the key with most trading is to not be too greedy. Set what you think is a reasonable profit goal based on 1 year lows and highs or something. Often times I'd set my exit at a 10% increase or something. And just put in a sell order that would auto trigger in a few months time when it hit that high.
I've heard of some apps like this, but never tried them before.
I did some penny stock trading a few years ago. Put in $1000, within a couple months it turned into about $1600. Then I got totally screwed by my brokerage account. The particular security that i purchased through my brokerage account was no longer tradable, and the only option was to trade it via like an actual paper certificate or some bs to the tune of a $300 fee or so. And the stock I wanted to trade took a nose dive so it was worth less than $300 so I was basically stuck. All in all, I didn't lose anything but I just wrote that stock off as a loss.
Oh and by the way taxes are a real bitch. I had to like record every profit/loss. I think there is software that you can pay for to do this but it was a PITA even with just like 20 total trades.
For people new to trading though, a lot of brokerages allow you to open a "fake account" with fake money. So you can basically experiment with a fake 50K and see if you can grow it. A good way to practice playing in the wall street casino.
Probably the easiest way though to roughly double your money though is quite honestly to wait for a disaster to happen and then invest at what you think is roughly the low point. A few examples, Earthquake in Japan, Tsunami around Thailand, BP Oil spill etc.
[quote=domthewhiteguy]ive been thinking about starting a mutual fund and also getting into buying small safer stocks. ive been quite interested in it all and know a very minimal amount about.[/quote]
Mutual funds are generally for long term holding of several years or more. The grown potential is much more limited than investing in start up companies. I held some Canada mutual funds for a few years they did reasonably well, but I got out. I think the key with most trading is to not be too greedy. Set what you think is a reasonable profit goal based on 1 year lows and highs or something. Often times I'd set my exit at a 10% increase or something. And just put in a sell order that would auto trigger in a few months time when it hit that high.
dollarlayerI've heard of some apps like this, but never tried them before.
I did some penny stock trading a few years ago. Put in $1000, within a couple months it turned into about $1600. Then I got totally screwed by my brokerage account. The particular security that i purchased through my brokerage account was no longer tradable, and the only option was to trade it via like an actual paper certificate or some bs to the tune of a $300 fee or so. And the stock I wanted to trade took a nose dive so it was worth less than $300 so I was basically stuck. All in all, I didn't lose anything but I just wrote that stock off as a loss.
Oh and by the way taxes are a real bitch. I had to like record every profit/loss. I think there is software that you can pay for to do this but it was a PITA even with just like 20 total trades.
For people new to trading though, a lot of brokerages allow you to open a "fake account" with fake money. So you can basically experiment with a fake 50K and see if you can grow it. A good way to practice playing in the wall street casino.
ill keep this in mind but couldnt i use a service like e-trade to record my profit/losses. the only taxes ive ever done are my W2 (just turned 18 last month) the first time i did it i filled it online the second time i did it with our family's tax guy.
[quote=dollarlayer]I've heard of some apps like this, but never tried them before.
I did some penny stock trading a few years ago. Put in $1000, within a couple months it turned into about $1600. Then I got totally screwed by my brokerage account. The particular security that i purchased through my brokerage account was no longer tradable, and the only option was to trade it via like an actual paper certificate or some bs to the tune of a $300 fee or so. And the stock I wanted to trade took a nose dive so it was worth less than $300 so I was basically stuck. All in all, I didn't lose anything but I just wrote that stock off as a loss.
Oh and by the way taxes are a real bitch. I had to like record every profit/loss. I think there is software that you can pay for to do this but it was a PITA even with just like 20 total trades.
For people new to trading though, a lot of brokerages allow you to open a "fake account" with fake money. So you can basically experiment with a fake 50K and see if you can grow it. A good way to practice playing in the wall street casino.[/quote]
ill keep this in mind but couldnt i use a service like e-trade to record my profit/losses. the only taxes ive ever done are my W2 (just turned 18 last month) the first time i did it i filled it online the second time i did it with our family's tax guy.
dollarlayerMutual funds are generally for long term holding of several years or more. The grown potential is much more limited than investing in start up companies. I held some Canada mutual funds for a few years they did reasonably well, but I got out.
yeah my purpose of starting a mutual fund is to keep it for 30+ years because its very safe and over time itll yeld a decent amount of money from my knowledge.
[quote=dollarlayer]Mutual funds are generally for long term holding of several years or more. The grown potential is much more limited than investing in start up companies. I held some Canada mutual funds for a few years they did reasonably well, but I got out.[/quote]
yeah my purpose of starting a mutual fund is to keep it for 30+ years because its very safe and over time itll yeld a decent amount of money from my knowledge.
domthewhiteguyill keep this in mind but couldnt i use a service like e-trade to record my profit/losses. the only taxes ive ever done are my W2 (just turned 18 last month) the first time i did it i filled it online the second time i did it with our family's tax guy.
I was using Zecco which was bought my Trade King. It was a few years ago, but I believe they supplied me with all the necessary paperwork that recorded profits and losses, but I just had to manually put it on my tax forms. If I paid money for some "service" or program or something then they could auto import it. I've been out of the game a few years, but you might wanna research it first before you get too involved.
domthewhiteguyeah my purpose of starting a mutual fund is to keep it for 30+ years because its very safe and over time itll yeld a decent amount of money from my knowledge.
Well traditionally they have been stable, however I'd be very surprised if there isn't an almost complete global financial meltdown in the next decade or so. Almost all major countries are trillions of dollars in debt and is doing nothing to change their spending habits. Things can not continue like this long-term.
[quote=domthewhiteguy]ill keep this in mind but couldnt i use a service like e-trade to record my profit/losses. the only taxes ive ever done are my W2 (just turned 18 last month) the first time i did it i filled it online the second time i did it with our family's tax guy.[/quote]
I was using Zecco which was bought my Trade King. It was a few years ago, but I believe they supplied me with all the necessary paperwork that recorded profits and losses, but I just had to manually put it on my tax forms. If I paid money for some "service" or program or something then they could auto import it. I've been out of the game a few years, but you might wanna research it first before you get too involved.
[quote=domthewhiteguy]eah my purpose of starting a mutual fund is to keep it for 30+ years because its very safe and over time itll yeld a decent amount of money from my knowledge.[/quote]
Well traditionally they have been stable, however I'd be very surprised if there isn't an almost complete global financial meltdown in the next decade or so. Almost all major countries are trillions of dollars in debt and is doing nothing to change their spending habits. Things can not continue like this long-term.
dollarlayerdomthewhiteguyill keep this in mind but couldnt i use a service like e-trade to record my profit/losses. the only taxes ive ever done are my W2 (just turned 18 last month) the first time i did it i filled it online the second time i did it with our family's tax guy.
I was using Zecco which was bought my Trade King. It was a few years ago, but I believe they supplied me with all the necessary paperwork that recorded profits and losses, but I just had to manually put it on my tax forms. If I paid money for some "service" or program or something then they could auto import it. I've been out of the game a few years, but you might wanna research it first before you get too involved.
oh of course i just want to hear as many perspective on it all from different walks of life and their experiences with it.
dollarlayerWell traditionally they have been stable, however I'd be very surprised if there isn't an almost complete global financial meltdown in the next decade or so. Almost all major country is trillions of dollars in debt and is doing nothing to change their spending habits. Things can not continue like this long-term.
yeah i had the same thought in the back of my mind but ill see how it goes.
[quote=dollarlayer][quote=domthewhiteguy]ill keep this in mind but couldnt i use a service like e-trade to record my profit/losses. the only taxes ive ever done are my W2 (just turned 18 last month) the first time i did it i filled it online the second time i did it with our family's tax guy.[/quote]
I was using Zecco which was bought my Trade King. It was a few years ago, but I believe they supplied me with all the necessary paperwork that recorded profits and losses, but I just had to manually put it on my tax forms. If I paid money for some "service" or program or something then they could auto import it. I've been out of the game a few years, but you might wanna research it first before you get too involved.[/quote]
oh of course i just want to hear as many perspective on it all from different walks of life and their experiences with it.
[quote=dollarlayer]Well traditionally they have been stable, however I'd be very surprised if there isn't an almost complete global financial meltdown in the next decade or so. Almost all major country is trillions of dollars in debt and is doing nothing to change their spending habits. Things can not continue like this long-term.[/quote]
yeah i had the same thought in the back of my mind but ill see how it goes.
dollarlayerWell traditionally they have been stable, however I'd be very surprised if there isn't an almost complete global financial meltdown in the next decade or so. Almost all major countries are trillions of dollars in debt and is doing nothing to change their spending habits. Things can not continue like this long-term.
lol they have for some 5000 years, I'd call that long-term
[quote=dollarlayer]
Well traditionally they have been stable, however I'd be very surprised if there isn't an almost complete global financial meltdown in the next decade or so. Almost all major countries are trillions of dollars in debt and is doing nothing to change their spending habits. Things can not continue like this long-term.[/quote]
lol they have for some 5000 years, I'd call that long-term
love the app for casual trading, tried it around a year ago, interface is getting better and better
love the app for casual trading, tried it around a year ago, interface is getting better and better