Why wouldn't you just sell your position, then move the cash to a different brokerage? That way you would avoid the fee.
Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
- Start date
- Status
Why wouldn't you just sell your position, then move the cash to a different brokerage? That way you would avoid the fee.
Robinhood doesn't do tax sheltered accounts do they? So that would be a taxable event.
What would that even mean for those users. That sounds pretty bad for the company if true...
Wow, if that's true they are going to be hemeraging cusotmers.
For a $700 account, I can't imagine that would be a huge issue though.
This market makes no sense and it hasn't for the past year.
We went down 12% last week and people were banging the drums of alarm and disaster, and yet the market had climbed 12% in the 3 months prior for absolutely no reason at all.
Today we rally almost 5% despite there really being no positive news related to the virus today at all. In fact, there is every reason to believe the confirmed cases and deaths are only going to accelerate in the coming weeks, which is further going to affect people's behavior and have negative effects on the economy.
It went up today compared to Friday. Not anywhere near what it was before last week. No idea if it will remain steady, drop, or grow tomorrow.
That person was referring to the trading site Robinhood.com being down all day.
Oh lol. Yeah, Robinhood is fucked. This is a pretty big PR disaster.
They're done. Who would possibly leave their money in Robinhood after this?
Don't bring the economy into this we're playing Stonks.
Also where the fuck else is there to put your money? Bonds? A high yield savings account? Some shitty 1-2% CD?
It honestly feels like play the market passively or actively operate rental units.
Now that every brokerage does free trading, there's literally no reason to use RH. They're done after this.
I'll definitely be moving my stuff out to etrade or Schwab once they're back up.
I'll definitely be moving my stuff out to etrade or Schwab once they're back up.
When the markets are at these levels, divorced from reality, yes, I have a large percentage of my money in CD's earning about 2.5% or bonds earning something similar.
I have no experience with this stuff, but the last ~3 years look a lot like a Cryptocurrencies graph. Seems like the dow is easily 5k points higher than it should be.
This rally is basically akin to drinking the koolaid Trump is offering about coronavirus.
you mean the 2010 -> now rally?
This shit has been divorced from reality for a long time...
Markets are rarely rational :( It makes me cautious about what's going to happen this week. I didn't expect today to rally so hard, so I'm hoping that we don't see massive drops later this week.
That's true, but over time of PMI is 47 and dropping due to a pandemic, no amount of liquidity is fixing that. It's gonna drop again I think.
I have a large chunk of stocks from work vesting in April that I immediately plan to sell off to cover some upcoming expenses as long as the market hasn't tanked too bad. Hope it holds up okay until April
Yeah, I agree. Any rate cuts coming later is just papering over the problem until PMI (and the coronavirus situation) recovers to a reasonable level.
I've been holding a lot of my company's shares via ESPP and RSUs, but I think I might just sell the majority of them. Hmm...
I have a couple grand in an ESPP and thinking the same thing. I guess it doesn't matter since I wasn't planning on touching it for another year or so but damn if it isn't tempting.
depending on if you're in a gain or loss situation it may be better to wait it out until your outside short term capital gains tax
The markets aren't always rational. This is why it's so dumb when people say the bottom is obvious and they can time the market.
If it was rational, it'd be easy to time the market - it's not.
Dumb question. Why did my FXAIX and FSKAX holdings lose approximately .8% today when the S&P500 gained almost 5%?
Answer one: this rally began Friday afternoon after Jpow said the fed would take steps to stave off a recession. That means emergency rate reduction. Today was just the market pricing that in.
Answer two: the market doesn't give a fuck and makes no sense sometimes.
Both are valid theories that people are using to inform their trades.
those are mutual funds, right? Price probably hasn't updated yet. Still seems to be showing Friday's price. It should update tomorrow.
Ah I see. I usually don't follow very closely. No worries thanks for the info.
alright. just set up an etrade account with a bit of money I was able to free up (aka money that was just sitting in a .1% annual return savings account >.>)
Now to let the money get transferred in and just rot until a stock I want gets low enough that I'm willing to buy. (and if it goes lower after, oh well, it's not like I'm trying to flip it quickly just investing some for later)
worst case I will get $100 from doing this as Etrade was running a promotion where if you transfer in X amount of money you get $100 added to it in a week.
Now to let the money get transferred in and just rot until a stock I want gets low enough that I'm willing to buy. (and if it goes lower after, oh well, it's not like I'm trying to flip it quickly just investing some for later)
worst case I will get $100 from doing this as Etrade was running a promotion where if you transfer in X amount of money you get $100 added to it in a week.
They reacted to the ECB saying it is ready to step in and on rumors the G7 finance ministers will decide on something to help the world economy tomorrow.
They priced something in that might or might not come tomorrow.
- Status