OT: Stock trading

[Da_Aisijimo_Gou]

As we have dealt with the death of my mother in law and my father in law's dementia, I will say this: there are benefits to having almost everything all in one place. I just keep everything at Fidelity now. They haven't charged me a penny to trade in many years.

Your child(ren) will appreciate you and your spouse's consolidated holdings, especially when reasonably held in trust name.

Zero trade fees aside, Fido, SCHW, Vanguard, IBKR, etc generate massive net income from client's trades, holdings, uninvested cash, fund op fees, asset mgmt, robo mgmt, securities lending, margin loans, retirement plan administration, etc. Cash cows. SCHW's stock performance has been sweet as honey the last year.

 

[HuskyHawk]

Your child(ren) will appreciate you and your spouse's consolidated holdings, especially when reasonably held in trust name.

Zero trade fees aside, Fido, SCHW, Vanguard, IBKR, etc generate massive net income from client's trades, holdings, uninvested cash, fund op fees, asset mgmt, robo mgmt, securities lending, margin loans, retirement plan administration, etc. Cash cows. SCHW's stock performance has been sweet as honey the last year.

Along those lines, has anybody set up a brokerage account for their kids? Fidelity has a new child account for 12-17. My daughter is 18, so I tried to go through applying for a normal one yesterday with her, and it seems we need a paper application. I assume her complete lack of any credit score is the reason.

She has some money from work and HS grad gifts and other gifts over the years. I want to park it in a F500 ETF rather than a useless savings account. I will have her set up a Roth too, and possibly fund it myself to the limit of her wages. I sure wish I had invested money I had when I was much younger. 40+ years of growth, especially tax free in a Roth, is a benefit that shouldn't be passed up.

 

[Scud49]

SAVA is really popping - up about 29% today alone. The buzz is their Alzheimer's drug may be FDA approved at some point.

 

[Dogdeacon]

Along those lines, has anybody set up a brokerage account for their kids? Fidelity has a new child account for 12-17. My daughter is 18, so I tried to go through applying for a normal one yesterday with her, and it seems we need a paper application. I assume her complete lack of any credit score is the reason.

She has some money from work and HS grad gifts and other gifts over the years. I want to park it in a F500 ETF rather than a useless savings account. I will have her set up a Roth too, and possibly fund it myself to the limit of her wages. I sure wish I had invested money I had when I was much younger. 40+ years of growth, especially tax free in a Roth, is a benefit that shouldn't be passed up.

I set up one for my 16yr old son entirely online but its a custodial account so my info too. As a 16yr old male he would impulsively cash out the second he wants something, heck I did that at 25 turning 5K inheritance from my grandfather that had become 10K+ into a car (great, fun Honda Prelude but still).

 

[HuskyHawk]

This is pretty interesting. Startup Claims Breakthrough in Long-Duration Batteries - WSJ

 

[temery]

Vanguard charges $50/transaction for Stop, Limit Orders, etc. Are there cheaper options?

 

[HuskyHawk]

Vanguard charges $50/transaction for Stop, Limit Orders, etc. Are there cheaper options?

I pay $0 at Fidelity. But it may depend on your account status.

 

[the Q]

Vanguard charges $50/transaction for Stop, Limit Orders, etc. Are there cheaper options?

Wtf?

I use vanguard for my Roth and I don’t pay that

 

[ElPresidente]

lol yeah, I'm trying to find them prepump. TPST went up $25 this morning

Any recent Pump and Dump finds? Have $1k ready to pump.

 

[Jay-Bone]

Along those lines, has anybody set up a brokerage account for their kids? Fidelity has a new child account for 12-17. My daughter is 18, so I tried to go through applying for a normal one yesterday with her, and it seems we need a paper application. I assume her complete lack of any credit score is the reason.

She has some money from work and HS grad gifts and other gifts over the years. I want to park it in a F500 ETF rather than a useless savings account. I will have her set up a Roth too, and possibly fund it myself to the limit of her wages. I sure wish I had invested money I had when I was much younger. 40+ years of growth, especially tax free in a Roth, is a benefit that shouldn't be passed up.

I was just thinking about doing this for my 2 yo, and not sure how to go about it. Gran wants to buy him a GOOGL.

 

[StllH8L8ner]

I was just thinking about doing this for my 2 yo, and not sure how to go about it. Gran wants to buy him a GOOGL.

Following for my 8 and 4 year-old. I could be wrong but UGMA/UTMA accounts seem like the way until they start to earn income, unless anyone else has suggestions? I guess I could ask TD Ameritrade but that’s no fun…

 

[HuskyHawk]

I was just thinking about doing this for my 2 yo, and not sure how to go about it. Gran wants to buy him a GOOGL.

Following for my 8 and 4 year-old. I could be wrong but UGMA/UTMA accounts seem like the way until they start to earn income, unless anyone else has suggestions? I guess I could ask TD Ameritrade but that’s no fun…

Fidelity has a new kids account. But it starts at 13. Fidelity Youth Account | A teen saving, investing, and spending account

 

[temery]

?

I use vanguard for my Roth and I don’t pay that

Must be only for foreign transactions.

 

[Da_Aisijimo_Gou]

Must be only for foreign transactions.

View attachment 68702

Vanguard's message references foreign securities processing fee (not so unusual), yet some brokerage firms charge similar fees with lightly-traded OTCs and penny stocks, e.g., Colorado-domiciled NIOBF. Good luck.

When considering adding Aussie lithium miner Vulcan Energy last Sept, SCHW would have charged a similar fee for the ADR (VULNF). Instead, IBKR HK imposed no fee to directly buy the Aussie shares (VUL.AX).

 

[temery]

Anyone have thoughts on Bili. I bought a couple years ago, and it's done well. In the past three days it's dropped 20%+, with volume 3x avg (I'm told that's important).

Bilibili Inc. (BILI) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Bilibili Inc. (BILI) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

 

[uconntoatl]

Reddit chooses Ethereum Layer-2 Solution Arbitrum to scale its services

Reddit social media giant has selected Arbitrum, a layer 2 Ethereum solutions provider, to scale its community points program.

www.crypto-news-flash.com

Arbitrum powered by chainlink

 

[B1GEast]

Big losses ahead for markets? Jeremy Grantham's terrifying new forecasts

I've never seen a forecast this bad

www.marketwatch.com

 

[Da_Aisijimo_Gou]

Anyone have thoughts on Bili. I bought a couple years ago, and it's done well. In the past three days it's dropped 20%+, with volume 3x avg (I'm told that's important).

@temery Mainlanders, HKers, Taiwanese, and other Asians will continue video gaming barring power outages even during bad typhoons let alone on regular days. Even with BILI's recent declines, you're likely up 450-500%. Not too shabby, congrats.

In Mar and June, I sold most of our BILI shares. As many western asset managers, including ARK and highest risk takers, sell off many mainland company shares, especially those traded on western exchanges (Nasdaq, NYSE, LSE, etc.), we have no intent to buy BILI's dip.

If somehow willing to support increasing CCParty Boys' actions to further control large mainland companies and leaders they typically influence (e.g., closest supporters holding board seats or relatives holding many shares), the Central Govt currently supports growth of mainland-focused semis, 5G, hardware, green tech, and biotech/health care (read: steer investments towards). Possibilities for LT western investors: ETFs such as KFVG, KGRN, and KURE). Heads up, the CCParty Boys may later shift their regulatory eyes and claws to companies held by such ETFs.

Alternatively, perhaps it's best to consider NON-mainland companies which may benefit from possible mainland LT growth sans CCParty Boys' regulatory BS. Or, maybe I'm all wrong!

 

[Scud49]

SAVA....I wonder if it will pop on Thursday - data being released for their Alzheimer's drug in test.

 

[uconntoatl]

Chainlink 2.0 Super-Linear Staking: An Overview

An overview of Chainlink staking as described in the Chainlink 2.0 Whitepaper and the increase of cryptoeconomic security it provides.

blog.chain.link

Hope you're signed up for SmartCon Aug 5th-7th

 

[Jay-Bone]

@temery Mainlanders, HKers, Taiwanese, and other Asians will continue video gaming barring power outages even during bad typhoons let alone on regular days. Even with BILI's recent declines, you're likely up 450-500%. Not too shabby, congrats.

In Mar and June, I sold most of our BILI shares. As many western asset managers, including ARK and highest risk takers, sell off many mainland company shares, especially those traded on western exchanges (Nasdaq, NYSE, LSE, etc.), we have no intent to buy BILI's dip.

If somehow willing to support increasing CCParty Boys' actions to further control large mainland companies and leaders they typically influence (e.g., closest supporters holding board seats or relatives holding many shares), the Central Govt currently supports growth of mainland-focused semis, 5G, hardware, green tech, and biotech/health care (read: steer investments towards). Possibilities for LT western investors: ETFs such as KFVG, KGRN, and KURE). Heads up, the CCParty Boys may later shift their regulatory eyes and claws to companies held by such ETFs.

Alternatively, perhaps it's best to consider NON-mainland companies which may benefit from possible mainland LT growth sans CCParty Boys' regulatory BS. Or, maybe I'm all wrong!

@temery

TLDR: Beijing calls for calm after historic tech stock rout

 

[Da_Aisijimo_Gou]

TLDR: Beijing calls for calm after historic tech stock rout

Exactly, recent regulatory intervention prompted many western institutional investors to sell chunks of mainland big techs and spread across sectors. Oops, top dogs declare “All is well”. Hah, didn’t stop adding Tencent shares but directly in HK (down 30% from recent highs); avoided the ADR!



As LT mainland growth is unlikely to go away, it can easily be accessed via non-mainland companies with fewer risks of US vs mainland trade conflict, US Public Company Accounting Oversight scrutiny, etc.

Observe RE developer/ management company China Evergrande. Worst of the overly indebted big RE companies. For the CCParty Boys, EGNRY may serve a convenient reminder for larger developers to toe the line. Big, but potentially “not too big to fail”?

On the RE front, widely reported regulatory claws today focused on some cities’ overjuiced RE markets. Intervention, just way more direct than in most western countries.

Not all right, nor all wrong. Just different.

 

[upstater]

Very short term trade. Shorting Teladoc (TDOC at 151.5). Think we'll see 145 in the next day.

 

[Da_Aisijimo_Gou]

Very short term trade. Shorting Teladoc (TDOC at 151.5). Think we'll see 145 in the next day.

May well revert back to 145 or less ST. Added for LT <138 AH on perceived overreaction. Ideal SARS-2 positives decreasing eventually and TDOC competitors aside, don’t see telehealth tech calls, diagnostics, and insurance cost containment going away LT given rapidly aging populations (US and beyond).

 

[upstater]

May well revert back to 145 or less ST. Added for LT <138 AH on perceived overreaction. Ideal SARS-2 positives decreasing eventually and TDOC competitors aside, don’t see telehealth tech calls, diagnostics, and insurance cost containment going away LT given rapidly aging populations (US and beyond).

I was long this morning in low 130s. There is definitely a floor under it. If you didn't like this at 150 in the last week or so, not too sure why you like it even more now.