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no idea but I put 20 bucks into bitcoin (technically into Robinhood which I'm pretty sure just pretends they bought bitcoin on my behalf) on a whim a while ago and it's over 300 now. wonder if I should pull it out or just ride it to the Moon
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Apr 15, 2021 20:29
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cumshitter posted:theyre gonna have to be patriot act compliant and ask for your social and poo poo. or not. its robinhood theyre not very good at what they do is that Patriot ACt I thought it was typical KYC/AML bullshit
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Apr 16, 2021 02:05
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Nonsense posted:can you do this with Robinhood or does it have to be through a legit brokerage? I’ve seen indexes on RH but only the crazed ones. just get an account at fidelity or something, I have one and they do 0 commission trades. buy SPYX for a safe bet
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Apr 19, 2021 22:38
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Cold on a Cob posted:i've been dca buying my way back into etfs because i liquidated like 2/3 of my portfolio in october to buy property and that didn't happen (lol oof that sux. what are you buying
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Apr 19, 2021 22:40
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Cold on a Cob posted:also taco bell b/c they sent me coupons and i can get a full day's worth of calories for $8 cad as good a reason as any to buy stock
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Apr 20, 2021 01:09
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Gazpacho posted:general guidance is to invest only with money that you are confident you won't need to spend during the next four years, so that you can adjust to any losses that might occur I’m saving money every week to give my nephew when he turns 18 (~12 years). is it stupid to keep in a high yield savings account as opposed to parking it in some index or mutual fund
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Apr 21, 2021 01:12
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Smythe posted:what kinda yield we talkin bout here it was 2.25 when I opened it but I think it’s down to like .5 lol
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Apr 21, 2021 01:16
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Smythe posted:hmm.. number seems not very high. check out voo or other indexes idk do ur thing op. maybe some doge coin...................... what’s the diff between voo and like SPY or SPYX (I like to not invest in fossil fuels because I’m a stupid bitch)
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Apr 21, 2021 01:21
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cumshitter posted:yes, incredibly stupid well gently caress you how about that
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Apr 21, 2021 01:28
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cumshitter posted:no, gently caress you. also just putting it in a high yield checking account wouldnt even keep pace with increasing tuition rates, your money would lose purchasing power in terms of how much college it buys he’s not allowed to spend it on college cumshitter posted:but your impact on this as an average, individual investor is so minisicule that its like worrying about whether blowing up an atomic bomb will change the earth's orbit yeah I said I was a dumb bitch. I guess I should put it into an index fund then?
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Apr 21, 2021 02:00
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cumshitter posted:working with an accountant and figuring out what your expected tax bill will be in the year of liquidation would be smart. nobody would fault indigi for retaining some of the cash to cover his tax bill. oh yeah. poo poo. I guess I’ll start putting some money aside for that too so I should buy bonds as well as an index fund?
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Apr 21, 2021 04:04
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cumshitter posted:youd have far more money if you had been 100% S&P 500 for 15+ years. but that doesn't mean much if you cant sleep at night oh yeah big volatility swings won’t bother me much at all yet considering the decade-plus time frame but I’ll definitely want to start rebalancing things in 5-6 years. I mean it’d suck if the account went -99% or something but the good news is he doesn’t know about it so I can just pretend like nothing ever happened and give him a hundred bucks when he turns 18.
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Apr 21, 2021 04:53
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cumshitter posted:bumping this because im curious what you ended up doing. give me your money I put it all in SPYX
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Apr 25, 2021 23:25
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Alobar posted:my rule is "don't gamble with rent or food money" if you have to borrow money to invest that’s exactly what you’re doing
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Apr 26, 2021 19:36
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punished milkman posted:what the hell is safemoon idk but the name was clearly chosen to make it seem like a sure thing investment
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Apr 26, 2021 20:20
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Yossarian-22 posted:i'm in on bonfire, 100x, safemoon, and so many shitcoins that have never gone anywhere that i've lost track. but i'm up $4000-$5000 or so having not invested much so i'm just ride or die atm. there is a bernie coin i bought that dipped hard and it's probably good to get in on it right now if you have any inkling that it could go anywhere how much of a loving headache would all this poo poo be come tax time? like if I'm not opposed to the idea of speculating on nonsense I definitely am opposed to doing more paperwork
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Apr 28, 2021 02:40
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Yossarian-22 posted:it would be one, which is why i just keep my winnings in stablecoins and commit myself to not selling anything until/unless it's so much mega profits that i can hire a legendary tax accountant to figure all this poo poo out for me as of the past two years (FY2019) you’re supposed to report whenever you buy any crypto. might be a pita when you report gains if there’s no record of declared purchases? idk how it works really though lol I bought like $10 in Bitcoin and it’s up to 250 now so I’ll find out too
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Apr 28, 2021 04:00
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lol imagine being rich and refusing to use any of your money on anything
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Apr 28, 2021 04:09
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bringing down the system by hoarding a resource entirely dependent on the continued stability of the current system
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Apr 28, 2021 04:11
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cool av posted:much like with BTC, the hyper profitable part of the ponzi scheme w/ doge has thoroughly passed people have been saying this about BTC every 6 months for half a decade now, I’ll believe it when I see it
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Apr 28, 2021 16:30
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you’re still talking about a 1000% ROI lol
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Apr 29, 2021 07:43
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looking at price history if you bought 5 years ago you’d have closer to a 10000% ROI
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Apr 29, 2021 07:50
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Cold on a Cob posted:drat futures are up. I shoulda did my weekly etf buy earlier this week details please
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Apr 29, 2021 13:50
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ooh what’s xgro, sounds sci fi
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Apr 29, 2021 14:52
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ETH is on a tear today too
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May 3, 2021 22:24
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tell me which coin I should buy right now that will definitely turn into a fortune
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May 5, 2021 02:29
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i say swears online posted:i just found out my friend is doing the junkcoin basket thing now. he's like 20k in just hoping for something to go cumrocket I legit kind of hate people who have 20k to throw into a slot machine. I know it’s petty but gently caress my family and friends are struggling lol
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May 6, 2021 00:27
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post a step by step guide on how the gently caress to buy safemoon. does coinbase do anything? they’re advertising all over Duolingo rn
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May 7, 2021 07:35
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what the gently caress both these processes suck poo poo omg this sucks
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May 7, 2021 18:44
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I kind of don't want a coinbase account cause all their duolingo ads are 17 seconds and that's so loving long when you're trying to cram some vocab in before work
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May 7, 2021 18:52
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Bushiz posted:Can't wait for this whole thing to do Mt. Gox Redux I don't think this is possible anymore just because of the (ironic) centralization of the crypto world at the time
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May 7, 2021 18:53
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Nonsense posted:I want a full coin, not chunks of one. why is there some sort of full-coin value multiplier
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May 12, 2021 01:09
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@cumshitter your advice has cost my nephew over one hundred and fifty dollars so far. I hope you’re proud of yourself.
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May 13, 2021 00:20
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cumshitter posted:value can not be created I think Adam Smith would disagree. but I shall endeavor to buy more soon.
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May 13, 2021 01:12
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I believe in Elon Musk's commitment to socialism.
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May 13, 2021 01:53
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Yossarian-22 posted:^quality pair of posts I think you need to hold a security/derivative for one year for it to qualify for capital gains, I don’t know if pancake swapping between a bunch would count as long term
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May 13, 2021 16:50
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I was going to ask yossarian to answer their DMs but with binance abotu to be investigated it may be moot
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May 14, 2021 07:13
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