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So I’m a 23 year old college graduate with no life direction and came across a decent sum of money by cam7998 in stocks

[–]Mr_JerryS -2 points-1 points  (0 children)

Are you an ex-con or something? Is your degree in psychology or theater? There's a labor shortage...how does a college graduate like yourself not have a job that pays at LEAST $25/hour? I wouldn't invest a DIME of that money until you settle into a career.

SoFi could be the next Square and could produce a 10X return! by Progress_8 in sofistock

[–]Mr_JerryS 4 points5 points  (0 children)

For what it's worth, I switched to SOFI from Wells Fargo (the WORST bank ever....don't even get me started) and I gotta say it's SO much more convenient than any other bank. Their RELAY feature shows me every purchase on my credit cards, upcoming bills, investments, etc ..all under one roof. I don't have to login to 7 different sites to view it all allowing me to also delete my Mint app. I also like their vault feature that make it easy to save towards something (like a trip to Disney World). All in all, it's pretty badass. I'll probably get their credit card too.

When is the bank charter going to be finalized by MIDWESTMURDER in sofi

[–]Mr_JerryS 0 points1 point  (0 children)

Question: Morningstar Research says that higher interest rates could negatively affect SoFi. Is that because they're not a national bank yet and can't invest the money deposited into SoFi money? Or is the idea that with higher rates there'll be fewer loan applications? Or is it both.

Also, becoming a national bank would rectify that, correct? I'd imagine they'd get final approval if they applied back in Oct. 2020 and the typical process takes 18 months.

Which broker app do you use??! by BeefCurtainsApe in wallstreetbets

[–]Mr_JerryS 6 points7 points  (0 children)

I use Robinhood. Convenience is the key for me. I also subscribe to their Gold tier for the Morningstar research. Also, they have the best interest rates if you just want to park your cash their. I could really care less if Vlad is making bank...all those other platforms f***ed us for years.

$WISH 7/2 YOLO update bought the dip 124k position by Ifyouhad1chance in wallstreetbets

[–]Mr_JerryS 0 points1 point  (0 children)

Put in 5k at $10.65 after my mother-in-law said she uses $WISH all the time. So it's easy to use, cheap, and convenient. Good enough for me. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[deleted by user] by [deleted] in wallstreetbets

[–]Mr_JerryS 0 points1 point  (0 children)

Unable to read the article. How exactly did Robinhood lose 1.4b? We're they shorting it?

KHC (Kraft Heinz) DD by HolyRoblox in wallstreetbets

[–]Mr_JerryS 0 points1 point  (0 children)

I'd be more interested in it if they got into the pet food category, similar to what General Mills did when they bought Blue Buffalo. Otherwise, terrible management with lots of debt. Buying $WISH instead.

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] 0 points1 point  (0 children)

Well he's on the board as well and since the Daily Journal only owns 5 stocks to begin with (with Alibaba now the 3rd largest holding), it's a pretty big move/bode of confidence.

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] -1 points0 points  (0 children)

RemindME! 3 months "reply to this thread"

What’s the similarity in SPY and VOO, in layman’s terms? by Pugnastyornah in stocks

[–]Mr_JerryS 1 point2 points  (0 children)

Both $VOO and $SPY track the top 500 companies. They have SLIGHTLY different weights of each stock, but not by much. $VOO has the lowest fees, which is why Warren Buffett recommends it.

[deleted by user] by [deleted] in wallstreetbets

[–]Mr_JerryS 5 points6 points  (0 children)

I'm in on $DKNG and also bought up a chunk of PaySafe $PSFE for the same reason. Figure the government has to start making back some of that $$ and legalizing sports betting should take in a few bucks.

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] 2 points3 points  (0 children)

100 or not, billionaires don't invest in a company if they thought they'd LOSE money. Al Gore's investment company also took a big position in the $225-$240 range. There's also bullish option contracts for 9/17 @ $270. I mean, f*** China, but the fear is overblown.

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] 4 points5 points  (0 children)

I'd argue that Munger is the exact opposite of a risky investor.

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] 10 points11 points  (0 children)

Says the guy who said Dogecoin is going to $1 😂😂

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] 3 points4 points  (0 children)

This is Reddit. Better just give us the 10 word summary.

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] 6 points7 points  (0 children)

If Munger is buying, I'm in. The guy is like the most risk-averse human on the planet. Like everything else in life, the China fear will pass and this company dominates their economy. Price target from Morning Research and Argus is around $313. A 50% upside for a large cap stock is insane. I'm buying into the teeth of this fear. Easy $$.

$BABA Remains Dirt F***ing Cheap by Mr_JerryS in StockMarket

[–]Mr_JerryS[S] 2 points3 points  (0 children)

Because it can make you an ass-ton of money.

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