robbie380- sorry for asking this if you've answered this before but where do you work and what's your position? You seem to be a very helpful mind to discuss various situations in the financial sector. I actually enjoy reading your posts. Cheers man.
They nickel-and-dime you to death with little charges all over the place. Here's an example - this is a true story and was the last straw for me. I switched to another bank after this. We had Wells Fargo's "unlimited checking" account, where you can write as many checks as you want. When we got our monthly statement, there was an extra charge on the account. We called and asked why. They said we wrote too many checks. I said, "but it's an unlimited checking account. We're supposed to be able to write as many checks as we want!" She said, "you can write as many as you want up to a certain amount." I said, "....... but that's not 'as many as I want'. That's 'as many as you'll let me'." I hung up and switched banks. ...oh, and I was charged for that call. Well, now that WaMu is dead, I might have to take your advice.
hahaha man I had a job offer from them but didn't take it. The swings are not what I needed in a job, especially right out of college. How long have you been working there and did it take you about the average time they advertise to make money?
i actually like the preferreds of WFC for long term safe buys. http://www.quantumonline.com/ParentCoSearch.cfm?tickersymbol=WFC quantumonline is a great free site to learn anything about preferreds. also since HSBC was mentioned earlier they also have some good deals on their preferreds and they also qualify for the 15% tax rate.
yeah if you work at a prop firm then you have to expect to not make a dime for a year. it's very difficult if don't have some sort of financial base to support you. i've been here since march '04. i made money my first 2 months of trading but i also put in a ton of work before i got here so i could be prepared enough to have a chance to make some money. the problem was that after doing that rare feat i got cocky and didn't adjust to changes in the market very well. basically didn't make anything for the next year until i completely changed my trading. now i'm doing really well.
yeah we do have pretty strong compliance and oversight of our trading here. what do you mean by the sources of trade ideas? like do you mean getting a fax from some scammer who is pushing some sub penny stock?
No, a stock over $20 that has some tendencies for trading. A large enough volume that will allow you to trade it a bit without bumping into yourself. What kind of yearly goal -- expectation do you have for percentage gain?
Hmmm, I have a credit card through WaMu as well as a checking/savings account... how will this affect the credit account?
ah yeah like i generally don't trade stuff that is so thin that i think i will have insane slippage getting out of the position. also we don't trade looking to make a certain percentage return. we are just trying to make money. for me i have met my goal of getting over 7 figures take home now i need to make it 7 figures after taxes.
I had another idea -- thing show up in early summer (June?) that would have been a fairly quick situation, but that same opportunity might not show up for quite a while. I should have made contact with you then. You have email blocked. Could you send to me?
i've had chase for 4 years. i've never had a problem with my account so i've never called them. thus, i have no idea how the customer service is.
You know, the only thing banks do that pisses me off is charge you to use other bank's ATM's. Seriously, why do they do that? I haven't bounced a check since college so the ATM thing is my only issue with customer service. One good thing about this is I've always thought WaMu didn't have enough ATM's. Maybe they'll have more now?
