Stock Wars: ...Now onto Trading Cards...

@Susan L. wrote:

The big difference with Robinhood app is it allows customers to trade with no transaction fees. That has attracted lots of new, small investors/players to the financial markets, who no longer have to pay $4.95 to $9.95 per trade.
A lot of the major brokerages went to free trading in 2019. Vanguard held out for a while and still kept it's $7.00 fees, but finally gave in too. I have seen RHers mention the less intimidating and user-friendly interface of RH for their use of it. It does make things very easy, intuitive, and "fun."

I still would never use RH myself, as I worry about security on the app.
@ wrote:

BTW, without fee-free companies like RobinHood, the Gamestop action probably would not have happened.

(Actually, the action also needed help from reddit boards to spread the information, and covid-bored people isolated at home with a few dollars in their e-pockets...)
"Stimmy" checks + quarantine led to a lot of kids trading stocks in 2020. It's crazy how young they were...10-13 year olds. Although, I actually think it's great if they're learning something.

Lauren Templeton (great niece of Sir John Templeton and a hedge fund manager) has always recommended people take $500 they can afford to lose and just buy stock in a company they like. She says forget about valuation and buy it at whatever price it's currently selling if you like. Then, she says follow the stock's price movement along with any news that comes out about it. Ask yourself why the price went up or down...what factors matter? She says you can learn more doing that than lots of time spent studying books. You'll be more motivated with real skin in the game. And, it also gives you first-hand experience of the emotions involved that no amount of book study can prepare you for.

If people can afford it, I second Lauren's advice. It's a great way to learn.

Edited 1 time(s). Last edit at 02/07/2021 11:19AM by shoptastic.

Create an Account or Log In

Membership is free. Simply choose your username, type in your email address, and choose a password. You immediately get full access to the forum.

Already a member? Log In.

Looks like the easy money has found its way into trading cards:
[www.cnn.com]
@ wrote:

London (CNN Business)Ken Goldin has sold sports trading cards for four decades. What happened earlier this month still shocked him.

In early February, a Michael Jordan rookie basketball card in pristine condition sold for a record $738,000 at an auction run by Goldin's company. The kicker? The exact same item went for nearly $215,000 just weeks before . .

The spike in prices has caught the attention of a wider class of investment professionals, flush with cash following unprecedented stimulus measures from governments and central banks. Rock-bottom interest rates have also made it harder to find lucrative investments, bolstering interest in creative alternatives.
Is there a market for dirty table cloths? I'm looking to sell mine! I only ask $50 a piece.

eta: In other news, 28% of Americans bought GameStop or other meme/viral stocks in January: [finance.yahoo.com]

Edited 1 time(s). Last edit at 02/13/2021 03:27AM by shoptastic.
@shoptastic wrote:


eta: In other news, 28% of Americans bought GameStop or other meme/viral stocks in January: [finance.yahoo.com]

The median investment, according to the survey, was $150. Around 7% of people who bought viral stocks invested between $1,001 and $5,000 and 8% invested over $5,000. This drove up the average investment to $8,533.

Investing $150 isn't going to change anyone's life. Turning $150 into $450 one time? OK, less than one car payment. LOL

Edited 1 time(s). Last edit at 02/13/2021 04:48PM by SoCalMama.
Sorry, only registered users may post in this forum.

Click here to login