OT: Stock trading | Page 162 | The Boneyard

OT: Stock trading

HuskyHawk said:
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.
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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.
 
Jay-Bone said:
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.
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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…
 
Jay-Bone said:
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.
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StllH8L8ner said:
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…
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Fidelity has a new kids account. But it starts at 13. Fidelity Youth Account | A teen saving, investing, and spending account
 
the Q said:
?

I use vanguard for my Roth and I don’t pay that
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Must be only for foreign transactions.

8B845482-43C2-426F-993C-B574B8020445.jpeg
 
temery said:
Must be only for foreign transactions.

View attachment 68702
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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 said:
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).
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@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!
 
SAVA....I wonder if it will pop on Thursday - data being released for their Alzheimer's drug in test.
 
Da_Aisijimo_Gou said:
@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!
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@temery

TLDR: Beijing calls for calm after historic tech stock rout
 
Jay-Bone said:
TLDR: Beijing calls for calm after historic tech stock rout
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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.
 
Very short term trade. Shorting Teladoc (TDOC at 151.5). Think we'll see 145 in the next day.
 
upstater said:
Very short term trade. Shorting Teladoc (TDOC at 151.5). Think we'll see 145 in the next day.
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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).
 
Da_Aisijimo_Gou said:
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).
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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.
 
upstater said:
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.
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Simple math, last week's 150s would have raised our average price and others reactions to 2Q results enabled price closer to book and decreased average price. Good for you buying around pre market/ opening 134 this morning. Wish I held off for pre-market, yet I'm good averaging down <138 from recent 160s to mid-170s highs and TDOC's avg consensus target ($220+).
 
I covered flat. The ARK funds apparently bought 800,000 shares yesterday. Pretty bold--they are supporting their major position, but they are showing their bare butts bigtime on this. If it doesn't go their way, the funds may collapse.
 
Scud49 said:
SAVA....I wonder if it will pop on Thursday - data being released for their Alzheimer's drug in test.
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Rose throughout the week esp late Tues, now Thursday pop is in wrong direction. Did they already forget about the Alzheimer's test results?
 
Dogdeacon said:
Rose throughout the week esp late Tues, now Thursday pop is in wrong direction. Did they already forget about the Alzheimer's test results?
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I think its a "sell the news" event this morning- it should go back to higher levels very soon IMO.
 
upstater said:
I covered flat. The ARK funds apparently bought 800,000 shares yesterday. Pretty bold--they are supporting their major position, but they are showing their bare butts bigtime on this. If it doesn't go their way, the funds may collapse.
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LOL. It is .2% of ARKK. It can go to zero and won't collapse the fund. It's .7% of ARKW. .185% of ARKG.

Those funds are long, long term plays.
 
Wish I held on to $WISH longer. Also wish I sold my $FUBO put when it hit $24.80
 
HuskyHawk said:
LOL. It is .2% of ARKK. It can go to zero and won't collapse the fund. It's .7% of ARKW. .185% of ARKG.

Those funds are long, long term plays.
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Think your numbers are off.

www.investors.com

5 Cathie Wood Stocks To Watch Include This EV Giant

Cathie Wood's ARK Invest ETFs are on the rebound in 2023 after plunging in 2021 and 2022.
www.investors.com www.investors.com

As of two months ago, it was 6%.

But she has been accumulating a lot and now it's their largest holding even over Tesla.

The ETFs held over 14 million shares of TDOC on Tuesday at a value of $2.13 billion.

She accumulated another 1 million shares yesterday alone.

So if it was already at 6% of their total in May, became their largest holding in July (6-10%) and added another 7% in shares of the total in shares yesterday, it is a significantly larger stake than .2%
 
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