I’ve used stash for a while but I’ve recently encountered and error where they won’t allow me to add my new bank account to add or withdrawal money. I’ve spent a ton of time on the phone and can’t reach anyone.
What’s your favorite investment method? Robin Hood, Edward Jones? Something I’ve never heard of before?
Sell them and buy gold, silver, brass and lead.
I’m going to get in on this DWAC train before the merger happens and make a quick buck. I’ve got silver
Direct register your shares (DRS). If they're not in your name you don't own them.
Astfinancial.com is DWACs transfer agent
I like buying directly from the DRS agent.
I don’t even know what that is
It’s not an option with the DWAC you’re interested in, because DWAC is a SPAC until it merges, but you can (and should) learn about DRS here…
https://www.drsgme.org/
For instance, instead of buying a share through the brokerage houses, like Fidelity, you can buy them through the place that issues the shares. Computershare is one:https://www.computershare.com/us. Robinhood is anathema.
Never use robbing the hood. They don't buy actual shares.
I use e-trade. Fidelity is also popular. With etrade your money is available instantly,Fidelity requires your funds to settle or 2 or 3 days first.
etrade doesn't buy actual shares either lol. where do you think RH learned the game?
They have more money behind them than robbing the hood.
Directly register them in your own name if you are concerned. I have all my gme in computershare,but AST which handles bbby will not allow sell limit orders. That's a hard no for me.
fair enough. I was going to suggest CS myself!
diamond hands
Not every stock has the same transfer agent, you can only got to Computershare for companies that they represent. The transfer agent is not a broker.
Land in my area is 10k an acre and DWAC is at it’s all time low before the merger… drop 5k in DWAC and buy a farm in 5 years when all this shits over..
Do you believe that DWAC will be able to ride out a crash? I want to get more but considering what I hear here, am concerned. I do believe we’re headed for a crash possibly before end of the year
This crash is two years overdue by now, I've lost some money trying to short it as they keep kicking the can out another several months at a time.
So have we. Only thing we’re holding now is 3000 shares of DWAC. Just praying it will ride out the crash
I must also mention I own a piece of land and a bug out home in the country. And I’m working on buying 40 rural acres. But I make pretty decent money and want to invest in wisely.
I have land, and land prices in the current market are way too inflated. The market has to crash for them to recede. Land in my area is 10k an acre where it’s usually 2500. I’m not going all in the market but I do plan to invest around 5k in DWAC while it’s at an all time low and it’s the only company I intent to invest in. I put my money and faith into Donald Trump. If I buy 5k at $15 a share, and then that share goes to $350 in the next 10 years then I’ll have made Over 100,000, with only 5k risk that’s a chance I’m willing to bet on.
Stay away from Robin hood
My investment strategy:
Step 1: max out your Roth IRA (no taxes on gains)
Step 2: wait for a good time to enter the market. (I have a feeling the stock market will crash, you want to try to get in at the bottom of that)
Step 3. Pick a good investment. Think about what you're investing in. For me, institutions are the way to go, things that have been around forever, and will likely be around another 50 years. (Examples: Walmart, 3M, IBM)
For me, I'm going to choose to dump my money into REITs. Dividends are the way to go, and keep reinvesting them.
You can't be lazy either, I'd you're going to manage your own account, you'll need to pay attention.
Depending how much attention you pay, you can sell your stocks when good news comes out, and wait for everyone to take profit, lowering the stock, then buy back in and pocket the difference.
This is my strategy, and I'm not a financial advisor.
If anyone wants to invest on their own look into "Hedgefundie" just Google it and do some research.
You can put the cash in and leave it as cash for now. The hurry is that the deadline for 2022 contributions is 4/18/22. My 401k is the same way, I turned it to 90% cash back in 2021 waiting for the bottom.
I just yolo into shorted stonks.
They only go up.....
I have Edward Jones and I am not too impressed...I inherited it from my dad and to tell the truth I would love to just cash it all out...I wish we invested more in gold and silver...it is irritating to constantly have to pay taxes on money that has already been taxed...anyway...that's my thoughts. Some people probably use Edward Jones and like the company...so I think it is dependent on who your financial advisor is....
At the moment, stocks may not be a good buy. Supposedly there will be a massive dip soon (i.e., discount pricing).
Buy the dip. Sell the peak. You can make money on any trend if you know what you’re doing. Some people are thinking in terms of years or months. Shorten your timeframe. Watch fundamentals. Learn. There’s plenty of free content online. The triple screening method is a good, simple place to start.
Robinhood sucks. I use tdameritrade for their think or swim platform and I trade every day. For long term investing direct register so they can’t be borrowed by scumbags.