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I use stash. It's simple and I can make moves quick. You just reminded me that my newest deposit went through today. I only put $50 a paycheck into it. I also agree that it made me the most money. My normal portfolio gets a constant 6%, but I've averaged near 10 with stash. That being said, I don't know if I would put a lot more money into it.
@Anonymous wrote:
I don't know about long term but I like trading crypto currency. It's fast, easy, lower fees, its sweet.
I'm all for alternative investments but isn't this hugely speculative? Also what is the fee structure on trading them?
I am likewise just not sure on fast and easy comparitively: my direct deposit landed very early this morning (like 12 am PST), was moved to my brokerage account by 1:30 am PST, and opened two new, small equity positions right after market open... all from my mobile app, with zero commissions (based on relationship with Chase).
Whole industry has gotten faster and there's continuing innovation on that front too: where are you seeing the speed increase with trading digital currencies in comparison?
@wasCB14 wrote:
Keep in mind that having a bunch of tax lots for several different securities may mean a headache reviewing it all when you sell.
All comes in at the end with what the brokerage reports to the IRS, I don't find it that complicated personally but I guess other's mileage may vary. I'm still sitting on a stupid trade where I didn't use a limit and picked up 2 x Tesla shares for like 800 each (le sigh), saving those for when I need some tax loss harvesting hah.
Slay: there's zero chance that equities, especially with the low-cost ETF option so many consumers are using these days, are a riskier investment than something like Bitcoin or the rest of the digital currencies.
I don't know any investment professional that would disagree with that assertion either.
I used to use Robinhood and liked it but I switched to M1 Finance because you can buy fractional shares.
@Revelate wrote:
@wasCB14 wrote:
Keep in mind that having a bunch of tax lots for several different securities may mean a headache reviewing it all when you sell.All comes in at the end with what the brokerage reports to the IRS, I don't find it that complicated personally but I guess other's mileage may vary. I'm still sitting on a stupid trade where I didn't use a limit and picked up 2 x Tesla shares for like 800 each (le sigh), saving those for when I need some tax loss harvesting hah.
Slay: there's zero chance that equities, especially with the low-cost ETF option so many consumers are using these days, are a riskier investment than something like Bitcoin or the rest of the digital currencies.
I don't know any investment professional that would disagree with that assertion either.
Brokerages can make mistakes with 1099s, and tax software can make mistakes when importing the info. It's always good to check the accuracy.
Equities derive their value from earnings and often dividends. REITs derive their value from rents. Crypto currencies have the same flaw that crypto enthusiasts point out in fiat currency: just as people can lose faith in one government's currency, crypto investors can always move on to another crypto currency - and there have been many new ones.
That said, I concentrate in a few companies with fortress financials and clear alignment of interests. I'd rather have half my liquid net worth in Berkshire Hathaway than diversify across a bunch of companies with mediocre financials, transparency, and management.