Stock Market Watch, President-Elect Trump

[scho74]

Originally Posted by cinema

i bought in at 95 something.

You're a stud

[Tony T]

Looks like Monday redux. (⬆,⬇,⬆,⬇,⬆)

[bostondrunk]

Stop all this useless banter and TELL ME WHAT TO BUY!!!!!!!!!!!

[Tony T]

Originally Posted by bostondrunk

Stop all this useless banter and TELL ME WHAT TO BUY!!!!!!!!!!!

A $2 Powerball ticket

[bostondrunk]

All joking aside, anyone 'day trade' ETF funds? I've been doing this for the past year, kind of for fun, with a very small account, about 15k at the moment. Over the past year I've probably made about 20%. I'd never risk big money doing it, then I'd screw up...lol. But lately I just bounce between NUGT and DUST, watch for one to drop 10+% (they have big swings each day), buy in and immediately place a sell order at roughly .5% to 1% higher than my buy. More often than not it gets executed and I then sign off for the day and walk with my $100....
Again, it's just for fun on the side, and there have definitely been a few days where I was stupid and lost big...lol.
Outside of that, I stopped doing market type investments a while ago and invested in rental properties over the past 12 years, which have done nicely.

And yes, powerball would be rather nice.....!

[Hank Scorpio]

Probably a stupid question but where did most people get their start in the market. Obviously some people in this thread work in finance and have a vast knowledge of the market but is there a resource or resources where I can start to learn. I recently inherited a small amount of stocks and bonds and want to know if what I have is appropriate.

[MattTuck]

Originally Posted by Hank Scorpio

Probably a stupid question but where did most people get their start in the market. Obviously some people in this thread work in finance and have a vast knowledge of the market but is there a resource or resources where I can start to learn. I recently inherited a small amount of stocks and bonds and want to know if what I have is appropriate.

Appropriate for what? My dad introduced me to banks and the stock market and compound interest, back when I was a teenager. I've taken many academic courses on capital markets, finance, valuation, etc. since then. I don't work in finance, but I worked with some very bright financial minds.

For MOST people, the best thing they can do is to hold a passive index fund that is broadly diversified across asset classes. You can do this with a series of low cost index ETFs for domestic and international (both emerging markets and developed markets), equities (stocks), fixed income (bonds), real estate and commodities (if you believe commodities belong in your portfolio).

Diversification is the only free lunch in finance. and if these inherited assets are the basis for your retirement/security, I'd definitely make sure that you are diversified.

[RonW87]

Originally Posted by Hank Scorpio

Probably a stupid question but where did most people get their start in the market. Obviously some people in this thread work in finance and have a vast knowledge of the market but is there a resource or resources where I can start to learn. I recently inherited a small amount of stocks and bonds and want to know if what I have is appropriate.

Buy "The Wealthy Barber".

[bostondrunk]

Originally Posted by RonW87

Buy "The Wealthy Barber".

Well, I read that years ago, and it was great, but it is horribly outdated now!! There are no guaranteed 10% investment returns....
I guess its still a good read...

[Tony T]

Down 10% from the recent high, so it's officially a correction.

[seanile]

Originally Posted by bostondrunk

All joking aside, anyone 'day trade' ETF funds? I've been doing this for the past year, kind of for fun, with a very small account, about 15k at the moment. Over the past year I've probably made about 20%. I'd never risk big money doing it, then I'd screw up...lol. But lately I just bounce between NUGT and DUST, watch for one to drop 10+% (they have big swings each day), buy in and immediately place a sell order at roughly .5% to 1% higher than my buy. More often than not it gets executed and I then sign off for the day and walk with my $100....

how much are your transaction fees?

[SoCalSteve]

Originally Posted by seanile

how much are your transaction fees?

Merrill Edge charges me $6.95 a transaction with no yearly fees. Seems reasonable.

[biker72]

Originally Posted by seanile

how much are your transaction fees?

Vanguard and Schwab charge nothing for their own ETF's.
Schwab charges $7.95 for any other ETF.
Vanguard probably charges the same. Always bought just Vanguard from them.

[bostondrunk]

Originally Posted by seanile

how much are your transaction fees?

6.95

[Llewellyn]

It's been an ugly start to the year and I don't expect it to be any different for the rest of the year. There are going to be plenty of buying opportunities for those who are brave and patient.