OT: Stock trading

[husky429]

Idk why you guys are still in the boring old stock market. My Pokemon collection is up 330% this year. Bitcoin who?

I'm much rather get 11% a year in the SP500 than be a dork. Worth every penny.

 

[JMick]

I'm much rather get 11% a year in the SP500 than be a dork. Worth every penny.

S&P ain't doing this. 1150% return since I bought it

 

[husky429]

View attachment 109599

S&P ain't doing this. 1150% return since I bought it

I said what I said

 

[Yardigan]

I'm much rather get 11% a year in the SP500 than be a dork. Worth every penny.

Dorkin' is not easy...

 

[willie99]

I thought I made a killing yesterday.

The culprit was COKE

I was trying to figure out where this profit came from, so I did a deep dive (took about 5 minutes)

Coke announced a 10 for 1 stock split. E*TRADE increased the number of stocks I owned from 30 to 300. However, they didn't decrease the per share the price from approximately $ 1,114 to $ 111. Oh well, was a high while it lasted

I think the price is right, I don't own the additional shares yet. The split goes into effect May 27th.

I wonder if anyone sold the extra shares once they posted? Unless the shares were added after the market closed, I'm sure somebody did (or would have tried to).

 

[Dogdeacon]

Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.

 

[Waquoit]

Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.

I've found Vanguard to be solid and easy to navigate.

 

[Chin Diesel]

Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.

I've found Vanguard to be solid and easy to navigate.

I would second Vanguard or Fidelity.

I rolled a previous employer 401k on to Vanguard and it was very easy.

 

[Stew Crew]

I would second Vanguard or Fidelity.

I rolled a previous employer 401k on to Vanguard and it was very easy.

Agreed. I rolled over my old 401K (managed by Fidelity) into a Fidelity IRA. Literally took minutes. I haven't paid any fees since I rolled it over 8 years ago.

 

[DaddyChoc]

Fidelity is great...

 

[HuskyHawk]

Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.

As everyone said, stick with Fidelity or Vanguard. Probably whichever one you'd use otherwise as a brokerage or for employment. I've been happy with Fidelity for 25 years now. I don't pay them any fees to trade.

 

[Excalibur]

As everyone said, stick with Fidelity or Vanguard. Probably whichever one you'd use otherwise as a brokerage or for employment. I've been happy with Fidelity for 25 years now. I don't pay them any fees to trade.

None of the major platforms charge fees to trade. You can build the traditional 3 fund Vanguard portfolio from any of them. They're almost commoditized now.

 

[J187Money]

Anyone have experience with self directed IRA/401K ? I’m looking to roll some former employer 401k $ to invest, the custodians all seem online fee warehouses and just too eager to get enrollment. Would feel nervous sending them even 50k.

I have a solo 401K through Fidelity. Was super easy to set up / use. Completely free.

 

[Dogdeacon]

I think everyone misunderstood what I mean by self-directed IRA = not I pick investments in a rollover 401K or an IRA, but an SDIRA is administered by a 3rd party custodian and one can invest in anything including solely purchasing real estate property for investment purposes. In my case I want to participate in a private placement offering. So the firms I'm looking at are: UDirect, Entrust, Equity Trust (they have tiered fees that get higher the more you invest, I think b/c they are providing private offerings which I don't need), Rocket Dollar, IRA Financial.

Fidelity and Vanguard don't do this, I do have an account with Fidelity and have rolled over prior employer 401k's into this account. But I cannot invest these monies in a private offering. I need to transfer to a custodian and then direct investments.

 

[Excalibur]

I think everyone misunderstood what I mean by self-directed IRA = not I pick investments in a rollover 401K or an IRA, but an SDIRA is administered by a 3rd party custodian and one can invest in anything including solely purchasing real estate property for investment purposes. In my case I want to participate in a private placement offering. So the firms I'm looking at are: UDirect, Entrust, Equity Trust (they have tiered fees that get higher the more you invest, I think b/c they are providing private offerings which I don't need), Rocket Dollar, IRA Financial.

Fidelity and Vanguard don't do this, I do have an account with Fidelity and have rolled over prior employer 401k's into this account. But I cannot invest these monies in a private offering. I need to transfer to a custodian and then direct investments.

Are you local? I may have someone for you.

 

[NoSpamHere]

I think everyone misunderstood what I mean by self-directed IRA = not I pick investments in a rollover 401K or an IRA, but an SDIRA is administered by a 3rd party custodian and one can invest in anything including solely purchasing real estate property for investment purposes. In my case I want to participate in a private placement offering. So the firms I'm looking at are: UDirect, Entrust, Equity Trust (they have tiered fees that get higher the more you invest, I think b/c they are providing private offerings which I don't need), Rocket Dollar, IRA Financial.

Fidelity and Vanguard don't do this, I do have an account with Fidelity and have rolled over prior employer 401k's into this account. But I cannot invest these monies in a private offering. I need to transfer to a custodian and then direct investments.

I have used Entrust in the past. Easy to work with and good customer support.

 

[Lafayette]

I think everyone misunderstood what I mean by self-directed IRA = not I pick investments in a rollover 401K or an IRA, but an SDIRA is administered by a 3rd party custodian and one can invest in anything including solely purchasing real estate property for investment purposes. In my case I want to participate in a private placement offering. So the firms I'm looking at are: UDirect, Entrust, Equity Trust (they have tiered fees that get higher the more you invest, I think b/c they are providing private offerings which I don't need), Rocket Dollar, IRA Financial.

Fidelity and Vanguard don't do this, I do have an account with Fidelity and have rolled over prior employer 401k's into this account. But I cannot invest these monies in a private offering. I need to transfer to a custodian and then direct investments.

self directed like Peter Thiel? That is South Dakota territory usually.