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9 registered members (Exhoosier, Johnal3, pvillehunter, OlTimer, Jtide, wareagle22, oakachoy, 10mm, 1 invisible),
571
guests, and 0
spiders. |
Key:
Admin,
Global Mod,
Mod
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Stock apps?
#3367784
03/06/21 09:20 PM
03/06/21 09:20 PM
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Joined: Dec 2002
Posts: 12,584 Kennedy, al
globe
OP
Booner
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OP
Booner
Joined: Dec 2002
Posts: 12,584
Kennedy, al
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One more time please..... My son is starting a new job and wants to get started with stocks, and he said he’s scared of Robinhood now. Who else is reputable and affordable? Thanks
Everything woke turns to shucks
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Re: Stock apps?
[Re: globe]
#3367805
03/06/21 09:45 PM
03/06/21 09:45 PM
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Joined: Jan 2014
Posts: 10,555 Scottsboro, Al
jbatey1
Lucky Bastage
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Lucky Bastage
Joined: Jan 2014
Posts: 10,555
Scottsboro, Al
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I've got TDAmeritrade and Robinhood that I piddle with a little. I don't like messing with too many individual stocks due to the volatility of it. Has he started in on any index or mutual funds yet? If not, I would recommend him looking into that.
The fool tells me his reasons; the wise man persuades me with my own.
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Re: Stock apps?
[Re: jbatey1]
#3367835
03/06/21 10:39 PM
03/06/21 10:39 PM
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Joined: Jun 2015
Posts: 14,393 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,393
Some Marriott/Auburn
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I've got TDAmeritrade and Robinhood that I piddle with a little. I don't like messing with too many individual stocks due to the volatility of it. Has he started in on any index or mutual funds yet? If not, I would recommend him looking into that. Index funds and ETFs are what I'm comfortable with too. Globe, if your son is wanting something targeting futuristic growth, he should check out the ARK ETF's.
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Re: Stock apps?
[Re: globe]
#3367846
03/06/21 11:04 PM
03/06/21 11:04 PM
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Joined: Jan 2013
Posts: 20,037 Pelham
Ben2
Freak of Nature
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Freak of Nature
Joined: Jan 2013
Posts: 20,037
Pelham
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Re: Stock apps?
[Re: AU7MM08]
#3367950
03/07/21 09:14 AM
03/07/21 09:14 AM
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Joined: Feb 2019
Posts: 4,964 Montgomery,al,usa
Davyalabama
12 point
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12 point
Joined: Feb 2019
Posts: 4,964
Montgomery,al,usa
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. I have used Fidelity, and I know from friends that Vanguard is good too. I use an app from my Schwab account that is really amazing.
“If you do not conquer self, you will be conquered by self.” Napoleon Hill The most difficult thing to understand during conversation is silence. Thoreau
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Re: Stock apps?
[Re: globe]
#3368003
03/07/21 10:01 AM
03/07/21 10:01 AM
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Joined: Jan 2018
Posts: 4,778 GA
UncleHuck
10 point
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10 point
Joined: Jan 2018
Posts: 4,778
GA
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Re: Stock apps?
[Re: Executioner]
#3368061
03/07/21 11:46 AM
03/07/21 11:46 AM
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Joined: Jun 2015
Posts: 14,393 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,393
Some Marriott/Auburn
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I use Fidelity and Vanguard. Both are great, but I do use Fidelity the most.
I’ve heard that Fidelity has the better user interface. They also have some true 0.00% expense ratio funds which is an industry first.
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Re: Stock apps?
[Re: globe]
#3368125
03/07/21 01:23 PM
03/07/21 01:23 PM
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Joined: Dec 2002
Posts: 12,584 Kennedy, al
globe
OP
Booner
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OP
Booner
Joined: Dec 2002
Posts: 12,584
Kennedy, al
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Thank y’all! No he hasn’t done any investing as of yet (just personal savings). He’s 20 and wants to start early. Other than my 401k I haven’t either, but I’d like to start.
Everything woke turns to shucks
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Re: Stock apps?
[Re: globe]
#3368132
03/07/21 01:41 PM
03/07/21 01:41 PM
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Joined: Jun 2015
Posts: 14,393 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,393
Some Marriott/Auburn
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Thank y’all! No he hasn’t done any investing as of yet (just personal savings). He’s 20 and wants to start early. Other than my 401k I haven’t either, but I’d like to start. The sooner both of you start, the better. He's fortunate he is starting at age 20. Generally accepted investing order of operations is. 401K to the employer match. HSA if it's available. IRA to $6,000 per year(I like Roth). Max out 401K to $19,500. Brokerage account.
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Re: Stock apps?
[Re: globe]
#3368145
03/07/21 02:11 PM
03/07/21 02:11 PM
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Joined: Mar 2016
Posts: 318 Chelsea, AL
Dean
4 point
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4 point
Joined: Mar 2016
Posts: 318
Chelsea, AL
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Thank y’all! No he hasn’t done any investing as of yet (just personal savings). He’s 20 and wants to start early. Other than my 401k I haven’t either, but I’d like to start. I really wish that someone would have explained to me (and made me listen) how compound interest worked when I was 20. Time is something you can never get back. Albert Einstein famously said that compound interest is the most powerful force in the universe. He said, “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it".
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Re: Stock apps?
[Re: Dean]
#3368166
03/07/21 03:03 PM
03/07/21 03:03 PM
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Joined: Jan 2014
Posts: 10,555 Scottsboro, Al
jbatey1
Lucky Bastage
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Lucky Bastage
Joined: Jan 2014
Posts: 10,555
Scottsboro, Al
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Thank y’all! No he hasn’t done any investing as of yet (just personal savings). He’s 20 and wants to start early. Other than my 401k I haven’t either, but I’d like to start. I really wish that someone would have explained to me (and made me listen) how compound interest worked when I was 20. Time is something you can never get back. Albert Einstein famously said that compound interest is the most powerful force in the universe. He said, “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it". No kidding. An extra 5-7 years tacked on right now would be nice. I remember people telling me to “save” at a young age, but no one took the time to explain the “How’s and What’s”. Globe, I challenge you to ensure that he gets started investing some money on a regular basis, even if he only starts with $25 a week and raises that as he can. With him being interested, it would be a great opportunity for the both of you to hold each other accountable and tackle as a team. 
The fool tells me his reasons; the wise man persuades me with my own.
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Re: Stock apps?
[Re: globe]
#3368196
03/07/21 04:41 PM
03/07/21 04:41 PM
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Joined: Dec 2002
Posts: 12,584 Kennedy, al
globe
OP
Booner
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OP
Booner
Joined: Dec 2002
Posts: 12,584
Kennedy, al
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Appreciate all the advice and comments.
Everything woke turns to shucks
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