Shit man, I mean I am very familiar with GME and all that, but I wasn't really thinking the ROI would be that high. Well I may just want to buy some but got a starter guide on how to do that and how to maintain it as well? I have a 401k account with some assets on that, that I can liquidate without paying taxes so can my financial advisor do that for me (that is if they are willing as they probably will tell me it's strongly advised I should not).
Or do I open up an account with a company similar to Robinhood but not exactly like Robinhood (I'm aware that Robinhood fucked everyone over big time), then buy GME through that?
Thanks, that one completely escaped me when I was trying to think of the alternative to Robinhood cuz I didn't want to use Robinhood as the example.
So you're saying all I have to do is just buy some GME stock and that's it? It will just stay there like that as if I'm holding onto it and then I will have the option to sell it when the time is right?
I'm well aware that my 401k will be depleted due to the stock crash that may come soon, so that's why I'm contemplating biting the bullet on closing my 401K, pay the "fine" and use what I have to convert them into gold and silver if I can.
But then again, what if the crash doesn't come to pass? As if everything "fixes" itself and I closed my 401k for nothing, other than having the money now, rather than waiting til I retire, but I'd be out 30% of what's in the 401k?
So I'm not entirely sure of what to do with the 401k part, which is why I'd like to have at least a backup plan and GME seems to be one of many backup plans I can go after.
Fidelity is a highly regarded option, Charles Schwab is too. Look on the r/Superstonk r/Gme r/GMEJungle subs they have great DD (Due Diligence) posts that you can skim over with tons of info.
Make sure when you create an account that it's a "cash" based account NOT a "margin" account. This is all explained in the DD.
Don't take too long to do this tho, there's been some tasty dips in GME price that make this a no brainer, even if you just buy five shares. And if it dips even more, and if you can afford it, buy more!
isn't it too late to get started with that?
Shit man, I mean I am very familiar with GME and all that, but I wasn't really thinking the ROI would be that high. Well I may just want to buy some but got a starter guide on how to do that and how to maintain it as well? I have a 401k account with some assets on that, that I can liquidate without paying taxes so can my financial advisor do that for me (that is if they are willing as they probably will tell me it's strongly advised I should not).
Or do I open up an account with a company similar to Robinhood but not exactly like Robinhood (I'm aware that Robinhood fucked everyone over big time), then buy GME through that?
Thanks, that one completely escaped me when I was trying to think of the alternative to Robinhood cuz I didn't want to use Robinhood as the example.
So you're saying all I have to do is just buy some GME stock and that's it? It will just stay there like that as if I'm holding onto it and then I will have the option to sell it when the time is right?
I'm well aware that my 401k will be depleted due to the stock crash that may come soon, so that's why I'm contemplating biting the bullet on closing my 401K, pay the "fine" and use what I have to convert them into gold and silver if I can.
But then again, what if the crash doesn't come to pass? As if everything "fixes" itself and I closed my 401k for nothing, other than having the money now, rather than waiting til I retire, but I'd be out 30% of what's in the 401k?
So I'm not entirely sure of what to do with the 401k part, which is why I'd like to have at least a backup plan and GME seems to be one of many backup plans I can go after.
Yeah, stay the fuck away from Robinhood.
Fidelity is a highly regarded option, Charles Schwab is too. Look on the r/Superstonk r/Gme r/GMEJungle subs they have great DD (Due Diligence) posts that you can skim over with tons of info.
Make sure when you create an account that it's a "cash" based account NOT a "margin" account. This is all explained in the DD.
Don't take too long to do this tho, there's been some tasty dips in GME price that make this a no brainer, even if you just buy five shares. And if it dips even more, and if you can afford it, buy more!
*Not finacial advice!
that does sound like a smart thing to do. I haven't paid much attention, so I guess I thought they both were higher than that.