Club PA 2.0 has arrived! If you'd like to access some extra PA content and help support the forums, check it out at patreon.com/ClubPA
The image size limit has been raised to 1mb! Anything larger than that should be linked to. This is a HARD limit, please do not abuse it.
Our new Indie Games subforum is now open for business in G&T. Go and check it out, you might land a code for a free game. If you're developing an indie game and want to post about it, follow these directions. If you don't, he'll break your legs! Hahaha! Seriously though.
Our rules have been updated and given their own forum. Go and look at them! They are nice, and there may be new ones that you didn't know about! Hooray for rules! Hooray for The System! Hooray for Conforming!

Cha-ching, it's the [Financial Literacy] thread

1313233343537»

Posts

  • PhyphorPhyphor Building Planet Busters Tasting FruitRegistered User regular
    edited October 4
    moniker wrote: »
    If you put it all on red you have a ~48% chance of doubling your money.

    If you're going to do that, the best basic casino bet is craps, don't pass, lay maximum odds with a double chance of 49.9% or better with high odds radios

    Phyphor on
    Magic Box
    Academician Prokhor "Phyphor" Zakharov, Chief Scientist of China, Provost of the University of Planet - SE++ Megagame
  • JragghenJragghen Registered User regular
    Friendly reminder to submit your proof of coverage in the Experian claim.

    Just did mine, all I had to do was give them the name of the service that I have. Surprisingly easy, honestly.

    firewaterword
  • thatassemblyguythatassemblyguy RESIST. irregularRegistered User regular
    So it seems the commission wars have started again. $0 commissions on all the things on the US stock exchanges? Yes please.

    firewaterword
  • firewaterwordfirewaterword Satchitananda Pais Vasco to San FranciscoRegistered User regular
    Yeah I feel like once Robinhood hit the scene it was just a matter of time before the big guys went zero com as well. Which I'm glad for since Robinhood is pretty trash sometimes.

    Lokah Samastah Sukhino Bhavantu
    Doodmannthatassemblyguy
  • HefflingHeffling No Pic EverRegistered User regular

    If a movement doesn't have someone that can sit down opposite those in a position of power and strike a deal, how can that movement achieve success?
  • KakodaimonosKakodaimonos Registered User regular
    The brokers get plenty of money from selling the customer flow first look to the big hedge funds nowadays. Adding commissions was just adding insult to injury.

    thatassemblyguyBlackDragon480
  • CauldCauld Registered User regular
    Just got an email that robinhood will start offering interest now. 2.05% APY to start apparently. That seems pretty good for a brokerage acct. Hope this competition keeps improving things for consumers.

  • thatassemblyguythatassemblyguy RESIST. irregularRegistered User regular
    Cauld wrote: »
    Just got an email that robinhood will start offering interest now. 2.05% APY to start apparently. That seems pretty good for a brokerage acct. Hope this competition keeps improving things for consumers.

    Sadly, it was less than the 3% they were originally touting.

    Cauldfirewaterword
  • firewaterwordfirewaterword Satchitananda Pais Vasco to San FranciscoRegistered User regular
    Looks like Schwab is still charging $0.65 per option contract; not a huge number obviously, but more than $0.00 so I guess I have to stick with RH for my degenerate gambling habits certain investment choices.

    Lokah Samastah Sukhino Bhavantu
    thatassemblyguy
  • QuantumTurkQuantumTurk Registered User regular
    As long as you aren't doing something SUPER foolish like buying on margin or shorting, is robin hood alright, so far as the rich person lotto goes? This will only be with some side income, my standard 401k and tossing money into index funds won't change.

  • CauldCauld Registered User regular
    As long as you aren't doing something SUPER foolish like buying on margin or shorting, is robin hood alright, so far as the rich person lotto goes? This will only be with some side income, my standard 401k and tossing money into index funds won't change.

    Yeah, works fine. In most ways it's worse than my TD account, but it's free.

    firewaterword
  • firewaterwordfirewaterword Satchitananda Pais Vasco to San FranciscoRegistered User regular
    It's nowhere near a proper trading platform like thinkorswim or smartedge but it works well enough for what it is. I have read about people having issues with complicated stuff like put credit spreads, but if you're just buying weekly OTM lottery tickets or whatever it does the job. I've also heard customer support is near non-existent, but I've never had cause to need it so who knows.

    Lokah Samastah Sukhino Bhavantu
    Doodmann
Sign In or Register to comment.