?

Log in

No account? Create an account
entries friends calendar profile ABMann.net Previous Previous Next Next
Fifty-six - Portrait of a Young Man as The Artist — LiveJournal
abmann
abmann
Fifty-six

Fifty-six
Originally uploaded by ABMann.
    Things!
  • I'm now paying under 40 bucks for the collector's edition of HP: Deathly Hollows because of promotion discounts, BnN member discounts, and random coupons they've sent me.
  • Nintendo is hugely back-logged with orders. Who knows when anything will ship.
  • Wii: 0928-5664-7357-6437. Comment with numbers so the great Mii exchanges can start, otherwise monkeyfetish may get tired of all my messages and Mii lurkers.
  • No more oxycodone. :(
  • My dental cleaning yesterday, this first in 6 years, took 1.five hours.(!)
  • I still haven't shifted to a money market account.
    -Fidelity's fees for trading are insane unless I'm trading hundreds of stocks a year. As I want to INVEST and not trade, this seems bad. Plus, I can't get them to say specifically that they offer money markets with X% interest which I thought I saw in December.
  • 401k is looking healthy.
    -My foreign investments are gaining well as China's and India's economies take off.
  • My healthcare investments are middling in comparison, but that is going to change soon I believe.

Anyone know of nice brokerage services? I want a money market account that offers the ability to buy stocks, index funds, options and bonds without huge trading fees. Fidelity wants to charge me $20 per trade under 120 trades; I'm not sure if 1 trade equals buying one piece of stock or not. Generally money market accounts offer 5% interest so that would be extra nice.

So, anyone know about one of those? Scottrade.com seems OK as far as fees. I've not looked into Etrade.com much. Charles Scwab? Moo?
12 comments or Leave a comment
Comments
coeur_de_lion From: coeur_de_lion Date: February 8th, 2007 02:41 pm (UTC) (Link)
THAT is a great picture.
abmann From: abmann Date: February 8th, 2007 02:45 pm (UTC) (Link)
It's uber geeky. Not only am I holding the Wii controller but I had a remote slave flash unit. Between my legs. Hawt.

Why haven't you started using Flickr yet, chica?
coeur_de_lion From: coeur_de_lion Date: February 8th, 2007 02:53 pm (UTC) (Link)
well, it seems that life has overtaken me. i haven't even made a lj entry since sometime last week. i've been in SQL programming training in another town all week where i didn't even have internet access [the horror!]. there are many many things going on that have taken precedence over flickr, but i want to slowly move everything from my website over to there. once it moves up on the priority list, it will happen :)
abmann From: abmann Date: February 8th, 2007 02:58 pm (UTC) (Link)
suburbaknght From: suburbaknght Date: February 8th, 2007 03:10 pm (UTC) (Link)
I've set up my Roth IRA through Scottrade. Haven't put the money in yet but so far I've been very happy with their customer service.
abmann From: abmann Date: February 8th, 2007 03:20 pm (UTC) (Link)
Do they actually have any info on interest rates for money markets and/or trade costs?
suburbaknght From: suburbaknght Date: February 8th, 2007 04:25 pm (UTC) (Link)
Trade costs are, I believe, $7 a trade. I don't really care about trade costs as I don't forsee myself doing a lot of trading but rather making a couple large purchases per year and holding onto them for the next forty years. No idea on interest rates for money markets as I'm not even sure what a money market really is.
fencert From: fencert Date: February 8th, 2007 03:46 pm (UTC) (Link)
It's pointless to play with stock trading unless you are working with large sums of money and making your trade-fee investment back with each set of trades. Small money traders are just getting practice, and pay a premium price for the privilege. Day traders mostly lose their shirts, you know. Almost all of my friends who've played at this game have lost thousands of dollars on their gambles. The one guy who didn't is, I believe, long overdue for his comeuppance and will shortly be bankrupt. The stock market is a rich-man's game, and it's fixed to sweep up the contributions of the small and the weak who cannot stay in the game through a down-turn or fluctuation and pour these monies into the pockets of the big dogs who have more money than they know what to do with already.

I just put my funds into a couple of mutual fund investments and leave them alone as if they didn't exist. I should at least keep up with the market average and keep my investment ahead of inflation, and maybe it will compound a little over the next couple of decades until I retire. Just my two cents.

Oh, and that controller is on its way! Enjoy!
abmann From: abmann Date: February 8th, 2007 03:57 pm (UTC) (Link)
I'm not going to be trading. I'll be investing. I'm not about to day trade at all. It's stupid and I'm not able to devote the time or money to do it properly. I'd be buying stocks to hold a minimum of five years, which is the average time for stocks to return a solid amount above the original investment (roughly 10%). So, I suppose trade fees aren't to much an issue if I'm not moving stuff around much. However, since I"db e putting money into stocks over time rather than buying large pieces over time, it may be a problem.

I need to find out of buying funds (index, not mutual) incurs a fee as well. Theoretically, I could stick money in the money market account. Use tat to buy index funds then when I've accrued a decent amount of money (few k) I could buy a Giant Pile O' StockTM.

So, don't worry. :) I'm not day trading. I'm not insane. I want a stable way to make money.
fencert From: fencert Date: February 8th, 2007 04:03 pm (UTC) (Link)
Hmmm- in my place of work they let me set up a TSA where a few hundred dollars a month are siphoned off into a set of mutual fund accounts. When I set it up I was able to choose what kind of accounts and what kind of stock areas they would be comprised of. (I chose an aggressive growth fund and a telecom fund and a couple of small cap mutuals). Any way you could set up something like this? I don't pay much in fees 'cause it's all automatic. (Investments are through Fidelity).
abmann From: abmann Date: February 8th, 2007 04:10 pm (UTC) (Link)
My 401k does that now. I have a large fund that gradually becomes more conservative as I near retirement age and a series of foreign and health care investments to supplement.

There are these weird share-build account things that let you stick money in and it buys you percents of stocks so you can build up a portfolio over time. I haven't researched them thoroughly.
seventyeleventy From: seventyeleventy Date: February 8th, 2007 05:26 pm (UTC) (Link)
just had to say... DAMNED good lighting on this photo.
12 comments or Leave a comment