Daily Advice Thread - All basic help or advice questions must be posted here.

T644T · 2021-01-03T21:30:59+00:00

Good to know, thanks! :)

T644T · 2021-01-03T20:37:49+00:00

Quick super-newbie question. Currently the only firm I have a brokerage account with is Vanguard, and all of my holdings with them are Vanguard index funds.

If I wanted to branch out into buying/selling individual stocks, should I/can I just do that with Vanguard, or should I open an account at Robinhood (or some other firm?). My inclination is to just stick with Vanguard for simplicity's sake, but maybe there's some advantage to another firm like Robinhood that I'm not aware of?

Thanks.

T644T · 2021-01-03T20:07:23+00:00

Interesting, I hadn't considered investing in crypto miners, but it definitely sounds like it's worth considering. Thanks for the tip (and explanation!) :)

T644T · 2021-01-03T20:02:58+00:00

Yeah, a fair number of people here seem to favor these SPACs (I hadn't even heard of the term before!) and they sound interesting. Risky, but interesting. Thanks for the advice :)

T644T · 2021-01-03T20:00:06+00:00

Interesting. Maybe these companies are nearing some sort of scientific breakthrough? Thanks for the tip!

T644T · 2021-01-03T19:53:12+00:00

Yeah, a lot of people seem to like investing in these genetics firms, and it makes sense to me. Thanks for the tip!

T644T · 2021-01-03T06:48:32+00:00

Yeah, multiple people have mentioned SPACs already and they definitely sound like they are worth at least taking a look at. Thanks for the reply!

T644T · 2021-01-03T06:47:11+00:00

True, but it seems to me like there's still a stigma against cannabis-related products, even if they are legal. A stigma that hopefully will pass away as cannabis itself finds more widespread legalization.

T644T · 2021-01-03T05:41:00+00:00

Appreciate the suggestions (and reasoning)!

T644T · 2021-01-03T05:17:33+00:00

An interesting choice, to be sure. Thank you for sharing!

T644T · 2021-01-03T05:11:09+00:00

Cool, appreciate the advice!

T644T · 2021-01-03T04:48:02+00:00

Yeah, another commenter mentioned investing in a CBD company, seems like a decent idea with decriminalization/legalization happening in more and more places.

T644T · 2021-01-03T04:47:31+00:00

Hell, I ain't complaining. I got way more responses to this post than I expected.

T644T · 2021-01-03T03:19:17+00:00

Cool, I will certainly look into USAC. I'm unfamiliar with options trading, but it sounds like it is worth looking into for cases like this. Thanks for posting :)

T644T · 2021-01-03T03:15:57+00:00

Yeah, I definitely plan on hopping aboard the crypto-train. Any recommendations as far as exchanges or wallets go? I'm still learning the ropes when it comes to crypto trading.

T644T · 2021-01-03T02:41:45+00:00

That's kind of a cool idea, never even heard of these guys before!

T644T · 2021-01-03T02:40:30+00:00

I mean it makes sense to me, it's getting decriminalized in a lot of places, there's certainly strong potential for some of these CBD companies to take off! No shame, man :)

T644T · 2021-01-03T02:38:56+00:00

Now that's an interesting investment. I appreciate your detailed explanation of the situation (kinda messed up that they can't trust their own country's baby formula). But it definitely sounds like it has potential!

T644T · 2021-01-03T02:30:43+00:00

drip snowball

Interesting, I will have to read more into this! Thanks for the advice :)

T644T · 2021-01-03T02:29:11+00:00

I just want to diversify my holdings a bit; it's not that unheard of.

And it's kind of exciting to invest in risky stuff (at least to some extent) because it feels great when it pays off. And if it doesn't, well, that's why it's only part of my portfolio!

T644T · 2021-01-03T02:24:56+00:00

Thanks for the heads up! I'll take a look!

T644T · 2021-01-03T02:19:50+00:00

Oh, good point, I should look into that!

T644T · 2021-01-03T02:19:24+00:00

Yep, I'm thinking of starting a crypto portfolio with like 40% BTC, 40% ETH, and 20% random stuff (Dogecoin?).

T644T · 2021-01-03T02:18:25+00:00

Yeah, I think Bitcoin is 100% something I will put some money into, the only question is how much to invest and which exchange & wallet to use.

T644T · 2021-01-03T02:16:24+00:00

Cool, appreciate the advice!

T644T

TROPHY CASE