Stocks to Watch Thread

Do Not Sell My Personal Information

Soar

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I guess the research side would be helpful as well. I was asking for the actual sites to make the investments through.

I'll take any good resources. I have a sum that is uselessly sitting around and need to invest it.

As a general matter, probably one question you want to ask yourself is if you want to just generally invest in stocks or if you want to trade stocks.

There's a ton of what are known as "robo-advisors" where basically they ask you how much risk you are okay with and you just throw your money in and forget about it. These don't have trading features but if all you want to do is diversify your assets and invest in the stock market, this can be a solid option.
 

KI4MVP

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I don't buy SPY because it includes investing in fossil fuel companies. SPYX is an alternative that excludes fossil fuels

I use Schwab and TastyWorks. TastyWorks was started by the people who wrote the Thinkorswim software used by TD Ameritrade. TastyWorks much better for options trading than Schwab's StreetSmart Edge. Running on a computer, TastyWorks feels like a modern app, StreetSmart edge feels like an app build 20+ years ago.
 

Hurl Bruce

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The questions I keep coming back to are:

1) Am I better off ramping up the % I contribute through work rather than opening up a fresh account on something like TD Ameritrade?

2) Do I open up a separate Roth IRA on TDA where I can control what is in it more and it grow for retirement?

3) Do I open up a regular trading account and invest in whatever I want as I want with the option to liquify when I see fit?

4) A combination of the above?

5) Go see a professional and let them figure this out for me?

I honestly don't know what is the best route here. My goal is for retirement in 15-20 years not to get filthy rich and retire in the near term.
 

bob2the2nd

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The questions I keep coming back to are:

1) Am I better off ramping up the % I contribute through work rather than opening up a fresh account on something like TD Ameritrade?

2) Do I open up a separate Roth IRA on TDA where I can control what is in it more and it grow for retirement?

3) Do I open up a regular trading account and invest in whatever I want as I want with the option to liquify when I see fit?

4) A combination of the above?

5) Go see a professional and let them figure this out for me?

I honestly don't know what is the best route here. My goal is for retirement in 15-20 years not to get filthy rich and retire in the near term.
@Lee should be able to help answer some of these questions.
 

Lee

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The questions I keep coming back to are:

1) Am I better off ramping up the % I contribute through work rather than opening up a fresh account on something like TD Ameritrade?

2) Do I open up a separate Roth IRA on TDA where I can control what is in it more and it grow for retirement?

3) Do I open up a regular trading account and invest in whatever I want as I want with the option to liquify when I see fit?

4) A combination of the above?

5) Go see a professional and let them figure this out for me?

I honestly don't know what is the best route here. My goal is for retirement in 15-20 years not to get filthy rich and retire in the near term.

You should contribute the max in your 401k that they will match, i always max out my 401k, but not everyone can afford that.

A separate IRA depends on how much you make and are you allowed.

Basically take advantage of the matching on a 401k, next max out a Roth IRA, then max out the 401k, and then a separate investing account in that order in my opinion. But there is no real wrong answers if you invest. I am a big fan of mutual funds, but i have lost allot of money not taking friends advice on stocks in the past, i am more of a safe investor.

But always take advantage of matching funds like i keep saying, after that its a preference. I dont have any Roth IRA's myself, but i like the product, i just dont qualify as an individual at my income. I love 401k's. I do allot of loans and ask for assets, lots of "average" people have 7 figures in there 401k's.
 

bigking777

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I agree with Lee. Max the 401(k) up to the company's match.
Even if they only match 25 cents on the dollar. That's just free money.
If you can contribute to a Roth IRA, then that's the next step.

Now, if your employer has a Roth 401(k) component, I would definitely consider that. But everyone is different and you might need the tax deduction now, and the Roth doesn't give you that. But the Roth does give you the tax free growth and distributions when you pull money out at retirement. That is huge. Especially if you have plenty of time until retirement.
 

Tomocolo

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so bonkers how crazy press went in on tesla opening A SHOWROOM in Xinjang province. the province is as large as mongolia and not even a factory. just a shop. mcdonalds opened first store there 25th dec 2020 haha
 

KI4MVP

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so bonkers how crazy press went in on tesla opening A SHOWROOM in Xinjang province. the province is as large as mongolia and not even a factory. just a shop. mcdonalds opened first store there 25th dec 2020 haha

press always jumps on anything Tesla and spins it as negatively as they can, they don't even mention that VW has a factory in that province, or that pretty much every other auto company has a presence there.
 

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