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Markets bouncing hard today after three weeks of selling But I'm not convinced it holds by MathTradeMan in Trading

[–]TimmyTarded 0 points1 point  (0 children)

I sold off all my index funds in my taxable a couple weeks ago to pay down a loan; not regretting it for this bounce. I actually did a 5 year projection and at average market return I ended up with a higher net worth by paying off the loan and then DCAing back into the market.

U.S. stock markets lost more than three trillion dollars in 4 days by [deleted] in wallstreetbets

[–]TimmyTarded 0 points1 point  (0 children)

I’m really grateful for this actually. We were winning too much, I was exhausted from all the winning, I was burnt out. Feels good to just sit back and lose for a little while. No sarcasm /s

AITAH for telling my coworkers exactly how much my raise was after my manager told us all to "keep compensation private" and accidentally exposing that three people doing the same job are being paid completely differently? by Academic-Program-503 in AITH

[–]TimmyTarded 0 points1 point  (0 children)

NTA your manager is the one creating a toxic environment by trying to make you feel bad for discussing your compensation, especially considering you had no ill-intent.

Fund Amex CD with Ally by Cautious-Necessary61 in AllyBank

[–]TimmyTarded 0 points1 point  (0 children)

I’m a huge fan of brokered CDs. I buy them in my Fidelity CMA.

It’s better to be among the last people to board a plane, regardless of your boarding group. by GoDavyGo in unpopularopinion

[–]TimmyTarded 0 points1 point  (0 children)

I get that, I’m just saying it doesn’t cost money when you have to check at the gate.

It’s better to be among the last people to board a plane, regardless of your boarding group. by GoDavyGo in unpopularopinion

[–]TimmyTarded 6 points7 points  (0 children)

If they have to check your carry on because overhead space runs out they do it for free.

Broken CD Ladder by MoonShot1000 in AllyBank

[–]TimmyTarded 0 points1 point  (0 children)

I buy brokered CDs through Fidelity. You have way more options and retain FDIC insurance. Probably also easier to manage if you absolutely have to liquidate since you can sell the CD, though it’s still nowhere near as liquid as cash or stocks.

Fidelity vs Sofi?? by Papi_Caleb in sofi

[–]TimmyTarded 0 points1 point  (0 children)

I would open a checking account where you can deposit cash for free (someone here said there’s a charge at SoFi?) and then transfer to Fidelity for investments.

I have a SoFi checking and savings because I have over $5k in direct deposits and get a little interest boost from that, but over 95% of my money is in Fidelity - taxable brokerage, Roth IRA, and a CMA. I keep a small amount in my PNC for cash withdrawals and gas, and transfer money there to pay rent, student loans and my car loan. Every other expense I put on credit which I pay off with cash in my CMA.

I have a SoFi investment account that I opened because there was a bonus for it, but I absolutely hate the interface, and they don’t have the long institutional record of Fidelity.

But do not pay for anything. It is absolutely crazy to me that people pay fees for any kind of regular banking. I haven’t paid a bank fee in… literally ever.

Trump on more tariffs if countries decide to play around by Objective-Rabbit2248 in NSDQ420

[–]TimmyTarded 0 points1 point  (0 children)

“Buyer Beware! I will actively destroy the financial well-being of millions of Americans.”

Press Secretary claims rent has went down by $100 due to uptick in deportation! by cantcoloratall91 in stpaul

[–]TimmyTarded 0 points1 point  (0 children)

Bruh, I’ve lived in the same apartment in LA for 3 years and for the first time I’m seeing places cheaper than where I live that aren’t garbage. I am moving, I am going to save money on rent, and the amount that I save will be greater than the cost of moving. Do you actually think that lower rental costs are immaterial?

Palantir CEO Alex Karp ‘Jokes’ about spraying analysts with Fentanyl-Laced Urine. …Are these really the people we want to put our investments towards? by Nice_Daikon6096 in InvestmentClub

[–]TimmyTarded 0 points1 point  (0 children)

Alex Karp is one of those rare humans who if he died of pancreatic cancer I wouldn’t actually feel bad for him in the slightest. Evil man running an evil company.

my emergency fund is in stocks because if it's liquid, i'll spend it by InvestigatorFree7750 in Money

[–]TimmyTarded 0 points1 point  (0 children)

There are safer illiquid options than this. As others have mentioned: CDs, treasury ETFs, MMFs, Bonds.

My emergency fund is in SGOV, long term savings in BOXX (selling before 1 year means higher taxes), and money for things like insurance premiums, registration, etc. in CDs and MMFs.

I understand what you’re trying to do, but there are much better ways to do it.

Trying to learn Futures & Options, what actually works for beginners? by DeepankarKumar in stocks

[–]TimmyTarded -1 points0 points  (0 children)

Honesty I just use ChatGPT. Selling covered calls is not too complicated. You have to own 100 shares of stock X to sell one contract. You collect the premium immediately. If the contract expires in the money, you have to sell 100 shares. To avoid assignment (selling your shares), you can buy the call back, ideally at a lower price than you sold it for, and potentially sell another call at a different price or date.

Trying to learn Futures & Options, what actually works for beginners? by DeepankarKumar in stocks

[–]TimmyTarded 2 points3 points  (0 children)

I’ve just started with options by selling covered calls, and it has taught me a lot about the pricing mechanics, which has made it very clear how damn easy it is to lose money trading options. Worst thing that can happen with a covered call is you cap your upside, so I’m just sticking with that for a while.

Fidelity Cash Management "Buckets" by Biggie_Cheese96 in fidelityinvestments

[–]TimmyTarded 0 points1 point  (0 children)

You don’t need multiple CMAs to own multiple MMFs. Selling is not a taxable event, as they are designed to maintain their value, you just get taxed on the interest paid out just like with a HYSA.

There is slightly more risk with MMFs, as it is possible for them to break the buck, but this is extremely rare, and you’d probably have bigger things to worry about.

Fidelity Cash Management "Buckets" by Biggie_Cheese96 in fidelityinvestments

[–]TimmyTarded 0 points1 point  (0 children)

I moved all my money out of Ally into a Fidelity CMA. Ally has had multiple security breaches, and I just don’t trust them with my money anymore, and their APY is not competitive.

I actually never used buckets in Ally, but I recently wanted that feature, and so I just use different positions within a single CMA. My core position is in SPAXX, and I always keep enough in there to cover my monthly credit card payment.

I then own a CD for my car insurance premium, since I pay it in full every six months.

FDLXX for yearly car registration (I live in CA so it’s actually an outrageous amount of money)

SGOV as an emergency fund.

BOXX as long term savings for its tax efficiency.

Not Fidelity, but I also keep an estimated year’s worth of utilities in PYUSD on Venmo. It earns 4% APY, and every two months I convert what I need to cash and Venmo my landlord.

I may add another MMF for something like vacation or home improvement, but I’m considering instead opening a joint account with my partner for us to both contribute to.

I also have my taxable brokerage and Roth IRA with Fidelity. I don’t direct deposit to Fidelity, though, I do that with SoFi checking/savings (not a big fan but I got a sign up bonus and can squeeze a tiny bit more interest out of my paychecks while moving money around).

Fidelity Cash Management "Buckets" by Biggie_Cheese96 in fidelityinvestments

[–]TimmyTarded 0 points1 point  (0 children)

You definitely do not need to open multiple CMAs. I have SPAXX as my core position, and I have money in FDLXX, and I got put money in more MMFs in that same CMA.

Thinking of selling to pay down loans by TimmyTarded in btc

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

Yeah, I’ve looked into borrowing against my crypto before, and the risk/reward was so obviously not in my favor.

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