Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I don't think it's a good idea to buy yet. The index charts do not show any change to this downtrend so far. Things will get worse as capitulation starts.
I don't think it's a good idea to buy yet. The index charts do not show any change to this downtrend so far. Things will get worse as capitulation starts.
I understand the concept for no commission ETFs, but what about individual stock trades with a $7 commission fee per transaction? Weekly or monthly DCA stock purchases will destroy your return. For individual stocks, I prefer to go big in one shot or not at all.
I understand the concept for no commission ETFs, but what about individual stock trades with a $7 commission fee per transaction? Weekly or monthly DCA stock purchases will destroy your return. For individual stocks, I prefer to go big in one shot or not at all.
I use robinhood. $0 transactions.
Even at 7$ weekly, we're talking $350 bucks a year in transaction fees. If you're returns are being destroyed by 350 bucks a year, you don't have that much money in play anyway.
I use robinhood. $0 transactions.
Even at 7$ weekly, we're talking $350 bucks a year in transaction fees. If you're returns are being destroyed by 350 bucks a year, you don't have that much money in play anyway.
There are also investors who don't trade high volume. They make a few trades throughout the year and that's it. They may take a long position or might make quarterly adjustments instead of day-to-day trading. I think it just depends on the level of activity that an investor intends and needs. At $7 per trade, for instance, one could make 20 trades a year and have their portfolio right where they need it without too much cost. And many online trading services will give freebie trades over some initial period of time to attract new customers.
Any day that the market drops a bunch is going to feel like a 'black' {insert day of the week} to some investor who's got their monies riding on the line and can't absorb a loss. It does feel a bit like gambling to me at times, particularly because the market sometimes has nothing to do with logic (or maybe that's often). Best laid plans and all that. I'm a fan of dollar cost averaging since no one can accurately predict what the market will do any given day. I certainly can't, nor would I attempt to try.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
