STOCK MARKET: Let's talk stocks and investing

Generally, yes. You can shop index fund providers (or ETFs). Look at the expense ratios, the lower the better.

 

Never seen this type of volatility. One day down 1,000 points next day up 500 points then back and forth and back and forth. Absolutely bananas.

 

It’s crazy. I’m avoiding looking at our mutual funds.

 

Yes of course. You can open a standard brokerage account with Vanguard (for example) and by the mutual funds or the ETFs if you prefer those just like your IRA.

I'll just say this one thing about index funds: Index funds are extremely popular right now because we basically have been on a straight-line growth since Obama's second year, but that's not really the norm.

 

Were you trading during the 2008 financial crisis? The intra-day movement was crazier than this. Multiple massive up/down movement daily. There was some stat that said that today's movement up should've been expected based up on the last 9 or 10 times the market has gone down big (I can't remember the percentage). In other words, when it's dropped that much one day, the next day is always a big reversal up.

The futures are currently pointing to a big drop tomorrow morning, so you could have another interesting day.

 

Any stock trading apps recommendation? It's time for me to go away from Robin Hood. Heard they took a loan last week because people started withdrawing money from their accounts. After this second crash, it's time for me to look elsewhere.

 

For those kind of trades Ally works pretty well.

 

I think it got paid back already (the loan) but with the craziness of the market I don't think they planned on it going that rapidly and I'm sure some investors were worried: https://www.bloomberg.com/amp/news/...out-credit-line-last-month-amid-market-tumult

This article mentions some free ones and most started around October for free trades - but then you have to watch for commissions (on some). Unfortunately I've typically only used RH for free stock trading. So this is a great question.

And definitely agree with you, on concerns, like if I add more here or move it around I'm considering having 2 spots with how volitale it all is. I mean assuming I find some daytrades I want

 

Have you been using them for a while?

 

I'm pulling my stocks out of Robinhood and doing an ACAT transfer to my old interactive brokers account. I don't trust them after the outages and that loan news.

 

Off and on for about 6-7 years. It’s always worked well enough and no problems.

 

Have you run into issues with market data not showing? Had some issues, especially with options despite paying for the market data subscription.

 

Yes when they were down for those couple of days recently.

 

What's on everyone's buy list today?

 

I am in on OPK this week. Will see if it pays off or not.

https://www.reuters.com/article/us-...us-testing-despite-federal-push-idUSKBN20Y26U

 

Tanking!

How far down?

Somebody mentioned that things won't get to normal until we see people resuming taking flights again. I agree.

 

Just got out of most my stocks. Buying the dip once it goes lower hopefully.

 

Dump it!

 

#Cryptos

 

Oy tankin tankin