Stock Market, Business, and Investing General - News, Tips, etc

[Waifu Denier]

between shit like Fidelity, Vanguard, BlackRock, etc which is actually good to put an retirement account with? I don't trust any of them but I want money.

I'm pretty sure most of them just put your retirement funds in index funds anyways, with perhaps a reduced fee for their own managed funds. I know that Fidelity gives some lower fees for some of their own ETFs and Mutual Funds if you have an account with them. Vanguard generally gives the lowest management fees for most of their index funds, and in general the fee (and any sign up bonuses) is all that matters since they all mirror the same indexes anyways, but the past decade has basically been a race to the bottom in terms of fees so most of the big companies in the field have rather negligible differences in cost in the grand scheme of things.

 

[geckogoy]

Fidelity is the least jewed

 

[shinto minto]

between shit like Fidelity, Vanguard, BlackRock, etc which is actually good to put an retirement account with? I don't trust any of them but I want money.

Fidelity is the least jewed

Fidelity is privately owned and probably will be forever. Essentially no fees and their phone support is incredible.

Schwab and Vanguard are both also very good. IME Schwab is much less risk-averse than Fidelity or Vanguard are when granting you margin or permissions. Really, pick your favorite color and go with that.

Either way you should probably invest into Vanguard ETFs because the fees are really low. The fees are the same whether you're with Vanguard or not.

How long do you intend on keeping the funds in those accounts? If your outlook is 10+ years look into your brokerage's no-fee mutual funds. Essentially the same underlying funds but without any fees, with the trade-off that you can't easily transfer mutual funds (have to sell for cash and then transfer the cash) unlike an ETF or other stock. For example, Fidelity Zero: https://www.fidelity.com/mutual-funds/investing-ideas/index-funds

 

[tradecode]

What about these do you not 'trust'? They all have SIPC up to $500k and maybe additional insurance.

What if the fund and the insurer go belly up at the same time?

 

[northstar747]

@Null I thought your retirement is guns bullets, and sliver chris coins

 

[Mr. 0]

@Null I thought your retirement is guns bullets, and sliver chris coins

IIRC the 3PL he was using for the coins stole a bunch of them and disappeared during the dimensional merge

 

[a terminal posture]

What if the fund and the insurer go belly up at the same time?

Sigh. If you consider this a possibility then why aren't you on a farm in the hills and buying gold and ammo?

 

[Non-breath oblige]

between shit like Fidelity, Vanguard, BlackRock, etc which is actually good to put an retirement account with? I don't trust any of them but I want money.

Would probably pick between Schwab and Fidelity. Vanguard's service has started to taken a hit recently, and also they have much limited customer support (M-F 8a-8p ET phone) compared to the other two (24/7 phone and chat).

Something to note with Fidelity though is that due to the recent Chase check fraud "glitch" they've started to become more heavily restrictive recently when depositing money or moving it between accounts so much so that a lot of people are getting really pissed off for not being told about it in advance. I'm not sure how you plan to fund your retirement account given your current payment processor grievances but just something to keep in mind. Haven't heard anything similar with Schwab but don't take my word for it, they're susceptible to doing the same thing in the future.

 

[Moneymaker Degen]

Just heard from community happenings about hindenburgs latest play on Roblox. It could be interesting to see if the drops keep coming for those losers

 

[Hollywood Hulk Hogan]

Any predictions about Tesla's robotaxi event? I am thinking of buying puts either right before Thursday close or Friday at market open. I can't imagine it'll be enough to justify the price

 

[Moneymaker Degen]

Any predictions about Tesla's robotaxi event? I am thinking of buying puts either right before Thursday close or Friday at market open. I can't imagine it'll be enough to justify the price

I'd doubt it could damage them more than the $20 lost in the last fortnight unless..the reveal hangs on the reliance on a solely automated system. Considering the amount of things that can go wrong with the self driving or people running a fuck in the taxi's, it's a disaster waiting to happen.

 

[Hollywood Hulk Hogan]

I'd doubt it could damage them more than the $20 lost in the last fortnight unless..the reveal hangs on the reliance on a solely automated system. Considering the amount of things that can go wrong with the self driving or people running a fuck in the taxi's, it's a disaster waiting to happen.

I see a bunch of problems with it:
1. Who is going to clean it between rides when the inevitable drunk person pukes in the car?
2. Insurance will go through the roof for those cars
3. Do people really want randos in their car, unsupervised?
4. Wear and tear will still happen and car will need to be charged between rides
5. People thinking that while they sleep or work, tons of people will need taxis. I doubt that is the case and the revenue generated for each person would be small since everyone else would be sleeping, too.

I am tempted to buy puts but I probably won't. I enjoy profiting off of Tesla retards though

 

[Junkers 87]

Given how many times Elon has come up short on his promises, I would think that robotaxi is a sell the news event.

But because TSLA guys are the type of people who get excited over the idea of pressing buttons to access a glove box, the stock will somehow open flat.

 

[HahaYes]

Fidelity is the least jewed

Fidelity is privately owned and probably will be forever

Unfortunately also worth noting that two days ago Fidelity also disclosed a data breach that happened in August. Their statement is customer information was viewed over accounts.
Disclosure notice | Archive (also attached to this post)
Maine attorney general filing | Archive

They look to have been quick to detect and respond to it, and they're offering two years of free credit monitoring and identity restoration services to affected clients so that's good of them. Also funny how the least jewed/more private/independent provider gets bushwhacked huh, really makes one think

 

[Hollywood Hulk Hogan]

Given how many times Elon has come up short on his promises, I would think that robotaxi is a sell the news event.

But because TSLA guys are the type of people who get excited over the idea of pressing buttons to access a glove box, the stock will somehow open flat.

I decided it wasn't worth the risk for playing it. I suspect it'll pump tomorrow and then drop off like a rock on Monday but we shall see. I'll be watching from the sidelines

 

[Freshly Baked Socks]

As a long time TSLA hodler, I can promise you that TSLA will go up, and that it will also go down.

Enjoy the ride. Sell the peaks, buy the dips.

 

[Hollywood Hulk Hogan]

I should've bought puts, man

 

[ShootyPee]

I just started putting money away in a high yield savings account 4.3% APY - FDIC insured ofc
I can put roughly around 1K-1.5K dollars away per month and idk anything about stocks
I started with a high yield savings but if there's a better place to put that then lemme know pls ty

 

[Bucephalus]

I decided it wasn't worth the risk for playing it. I suspect it'll pump tomorrow and then drop off like a rock on Monday but we shall see. I'll be watching from the sidelines

Fuck me, that's a huge dip. If it actually does drop like a rock come Monday, I'm going in.

 

[Moneymaker Degen]

View attachment 6515207View attachment 6515283

Fuck me, that's a huge dip. If it actually does drop like a rock come Monday, I'm going in.

its jover tesla bros lol