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Stock Purchasing Platform

bowhunter1023

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#1
For you guys that play the stock market, actively, what platform or company are you using to play your hustle? I've been looking to gamble a little bit on some strategic plays and would like to have something app-based that I can manage in realtime at my leisure. I don't have a financial person on my payroll and quite frankly don't have the net worth to justify it, so going through a traditional brick and mortar financial/stockbroker isn't really what I'm looking to do.
 

Chass

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#5
TDAmeritrade is what I prefer. Fees aren't bad, they have a good selection of commission free ETFs. As an account holder you have a rep you can call and ask questions to, that was helpful when I first got the account years ago. Cant say if the service is still the same on that side. For those wanting to try and learn more aggressive trading strategies they do have a paper trading platform. Can sign into it using the same exact app. I've used it to learn more about options trading last year.
Works well for me but my investment strategy is way long term and to buy and hold hopefully until retirement. Figured this might be helpful since many platforms are more suited to the types of investors out there.
Check out your local bank as well, lots have some great options and many give a slew of free trades for starting.
 
#8
We use Morgan Stanley. They charge a low percentage fee. They aren’t aggressive because the wife is retired and we don’t want the risk. We are happy with a 4-5% return. If you lose money, their % is smaller so they have a vested interest in you being successful. The time to be aggressive is when you are young and have time to make up any losses. Your investments should be long term. As you near retirement, you’ll want to get less aggressive with your investments. Also, don’t put all of your eggs in one basket....invest in stocks and bonds, small cap, US equities, ect. Your money should be spread out so that if one investment does bad, the others hopefully will make up for it.
 
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bowhunter1023

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#10
We have multiple retirement accounts that are meant for actual retirement. I'm looking to risk $500-1,000 on my business acumen and market research in order to "strike it big". Can't win if you don't play.

I'm about to liquidate a bunch of stuff and thought I'd start a stocks account to play the markets. Maybe a dumb idea, but I've blown 5 bills on worse in my life. We're in a position to be creative with a little of our extra money and sticking it in a savings account is boring. College funds are also taken care of and we're still young, so an aggressive stock play here and there seems like a reasonable risk.
 
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Chass

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The Hills
#11
We have multiple retirement accounts that are meant for actual retirement. I'm looking to risk $500-1,000 on my business acumen and market research in order to "strike it big". Can't win if you don't play.

I'm about to liquidate a bunch of stuff and thought I'd start a stocks account to play the markets. Maybe a dumb idea, but I've blown 5 bills on worse in my life. We're in a position to be creative with a little of our extra money and sticking it in a savings account is boring. College funds are also taken care of and we're still young, so an aggressive stock play here and there seems like a reasonable risk.
Extremely hard to gamble with that amount and be successful. Cause that's what you're doing if that's your goal. You have to think right off the bat the median trade fee is like $6 so $12 to close a trade and hopefully make a profit. So to be effective you're tossing everything you got into each trade for awhile. Your first failure will eat 30-50% as will each additional. Then we have short term gains taxes to top it off with. So even if you "win" it's eaten away cause let's face it the odds you're gonna double it are very slim unless you're paying good money to get info on pump and dumps and ride those.
If you really want to gamble it in that manner I'd suggest heavy research into small companies and IPOs, put it in there and hope for a near future win if they're successful.
Personally I'd suggest to put it into one of your other retirement accounts or just start one that you control and come up with a general plan and strategy to accomplish it. Cause even the smallest gains over a long period of time is a lot better than a loss over a short time.
 
#12
We have multiple retirement accounts that are meant for actual retirement. I'm looking to risk $500-1,000 on my business acumen and market research in order to "strike it big". Can't win if you don't play.

I'm about to liquidate a bunch of stuff and thought I'd start a stocks account to play the markets. Maybe a dumb idea, but I've blown 5 bills on worse in my life. We're in a position to be creative with a little of our extra money and sticking it in a savings account is boring. College funds are also taken care of and we're still young, so an aggressive stock play here and there seems like a reasonable risk.
Sounds like a $500 roll of the dice at the casino....if you are ok with losing it, then go ahead and have some fun. It’ll be like playing poker on Saturday night. You might hit it big....purchasing the next “Apple” stock. Let us know how you are doing....maybe you can buy Giles a new truck!😂
 

Chass

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The Hills
#14
I'll be playing the "green market" and may go the IPO route in that industry. Just thinking about ways to have a little fun with some spare change rather than do the standard old conservative thing with it. Knowing me, I'll just spend it on more toys so I get an immediate return :ROFLMAO:
Not too bad of an idea. I've been seeing a lot of talk about Aurora and the other publicly traded company. Both are pretty volatile so there have been some heavy swings and quite a few shots at decent returns.
 
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hickslawns

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#15
Stansberry and Associates. Look them up. I've paid a lot of money in subscription fees to their newsletters. I look at it as the cost of education. I have less than $10k in my stock account. Probably paid them half that over the years. I don't care. It is my education which will never get me a job but teach me to be a better investor/money manager. Going heavy on real estate when the timing was right has more than paid for their fees.

I only suggest because: 1) I feel many on here may find it helpful. 2) They have some newsletters specifically aimed at the green industry (not lawn and landscaping lol). Might get some info which provides insight behind the scenes you may have never considered. Or. . .may make you shy away from a stock you were leaning towards. Knowing the financials of these companies changes a mind.
 
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hickslawns

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#19
Forget about Coke. It is a buy and sit and forget kind of stock. Sort of like Hershies or Altria or other stocks of "vices." People will still drink their Coke, buy their smokes or chocolate no matter what the economy does.
 

Jackalope

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#20
Forget about Coke. It is a buy and sit and forget kind of stock. Sort of like Hershies or Altria or other stocks of "vices." People will still drink their Coke, buy their smokes or chocolate no matter what the economy does.
Yes and no. They're a good longterm bet but they had a killer of a Q1 and 2. Almost a 52% gain. I bought a little too late and got greedy. I'll sit on it a while and dump it to break even.
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