Stocks and Trading Thread - Channeling your inner Mono

[Tamas]

I've been meaning to catch the highlights of this at least. Proved rather hard to find so far
Will try again this weekend.

Not so - Fidelity charges zero commissions on stock trades and does not sell order flow on equities

Is this a recent trade or only in US thing?
I tried using fidelity for a bit. Free for etf trades but stocks I avoided as they charge 10 quid a pop.
Also the interface is one of the worst things ever

Tyr, it might be too late with Brexit having happened and all, but if all you want is stocks and none of the gambling stuff (so, no CFDs and no US options) then check out Degiro.  They are a Dutch outfit but  other than having the risk of dealing with the relevant Dutch authority to reclaim your insured deposit if they go bust, they are very much legit.

Compared to all other brokers available in the UK that I have checked, they have super-low commissions. For US stocks it's something like £0.60 per transaction. And of course it being a legit brokerage you get dividend payments as well, just got my cca. 8 pounds worth (they deduct tax as well) from Intel. 

[Josquius]

I shall look into this degiro. Paying for transactions sits uneasy however.
I'm being hit hard lately with my long term investments suffering from the exchange rate. The pound is getting back towards pre no deal levels and the dollar has beoxome very weak. Wish I could sell and keep the money in dollars.
What's going on with the dollar falling?

Pretty bad days lately. Something is going on.
And
BBC News - Bitcoin: Elon Musk loses world's richest title as Tesla falters
https://www.bbc.co.uk/news/business-56174404

[Admiral Yi]

I see the dollar falling from .825 euros to .82 euros. 

[Admiral Yi]

CORRECTION ON

[Josquius]

CORRECTION ON

Ey?
I've noticed things being generally down and more gme insanity. Something else on?

[Tamas]

CORRECTION ON

Ey?
I've noticed things being generally down and more gme insanity. Something else on?

I mean, we had an insane bull market for the past 6 months or so. Eventually things must go down for a bit.

I'd guess a longer term thin that may happen is the switch from meme stocks and ridiculously overvalued speculative plays like Tesla back into companies with actual value.

[Admiral Yi]

Ey?
I've noticed things being generally down and more gme insanity. Something else on?

My portfollio, which is tech-heavy, has been getting massacred since Monday, when alarm bells sounded about rising interest rates.  Like Tamas mentioned, my dividend and value stuff has not been much affected.

What do you own?

[Josquius]

I'm pretty varied.
A lot in green energy; bet on a Biden win before the election, which is pretty sharply down over the last week though today was less bad.
CLNE is one where I've regret of not selling at the top, still think it should recover though.
Workhorse too... No idea what's next there. Obvious reasons for its collapse.
In random stuff sold bank of Montreal at the top though ( can't remember the reasoning but Canadian banks seemed a good bet and it looked the most under priced) so there's that.
Bought some air travel related stuff at the bottom too which is starting to go up.

[Admiral Yi]

If you don't mind my asking Squeeze, back in March 20 did you dribble and drabble or did you go all in like I suggested?

[Josquius]

Absolutely not all in no, very much trying to keep this gambling habit under control with small bits every month, part to secure long term investments and part to spec stuff.
If I had put all my money into some things last year I'd be well up but on the other hand I just know I would have chose the wrong ones. Still learning with all this

[Admiral Yi]

I wish you wouldn't think of buying shares as gambling.  Options, yes, shares no.  Shares are an asset that over time is going to grow geometrically.

[crazy canuck]

Tyr, when considering whether Yi's approach to purchasing shares is gambling or not, consider his phraseology of "going all in"

[Habbaku]

Absolutely not all in no, very much trying to keep this gambling habit under control with small bits every month, part to secure long term investments and part to spec stuff.
If I had put all my money into some things last year I'd be well up but on the other hand I just know I would have chose the wrong ones. Still learning with all this

Is the money you're putting in purely gambling money or is this meant to be part of your retirement plan as well?

[Admiral Yi]

Bought some more CRSP.  Sold an Uber 3/26 put @50.

[Josquius]

Is the money you're putting in purely gambling money or is this meant to be part of your retirement plan as well?

I don't think I'll reach an age to be in a state to think about retirement. If I do then I just have to hope my kids like me. Such is the way for millennials and younger.
So no. Not thinking about stocks with an eye to this. Though it does remind me I need to get on top of moving my Swiss pension into an account without charges.

I wish you wouldn't think of buying shares as gambling.  Options, yes, shares no.  Shares are an asset that over time is going to grow geometrically.

It's safer than most gambling for sure. You are highly unlikely to lose ALL the money you put in. And it isn't as dependent on luck as walking into a casino or even betting on sports.
Nonetheless compared to just keeping money in the bank even the best etf is a slight gamble. Stocks more so.