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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 09-27-2019, 02:35 PM   #3196
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by TLO View Post
This is some great advice. Thank you.

How old are you, out of curiosity?
36.

Younger than DaFace

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Old 09-27-2019, 05:28 PM   #3197
TLO TLO is offline
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Originally Posted by Buehler445 View Post
36.

Younger than DaFace

You've got quite a few years on me. Your advice still rings absolutely true though. I'm an adult, and it's time to start acting like it.
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Old 09-27-2019, 05:35 PM   #3198
TLO TLO is offline
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To follow up. I sat down and made a full budget out today. At the end of each month, I have around $500 that isn't accounted for anywhere. This is what was used as my "entertainment AKA gambling money before"

(This assumes I'm making minimum payments on each bill.)

I'm figuring I can leave out maybe $50 per paycheck for a total of $100 a month to spend on eating out, a new video game, etc etc. (My new entertainment budget)

The other $400 can be used to tackle debt. Throwing an extra $400 at bills every month should really make a big impact.
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Old 09-27-2019, 05:37 PM   #3199
TLO TLO is offline
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I'm up to date on all my bills. Everything is current. I'm trying to stay optimistic. I know I'm in a mess, but I can fix this.
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Old 09-27-2019, 05:42 PM   #3200
Pasta Little Brioni Pasta Little Brioni is online now
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Old 09-27-2019, 05:45 PM   #3201
Pasta Little Brioni Pasta Little Brioni is online now
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Old 09-27-2019, 05:51 PM   #3202
KCUnited KCUnited is offline
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Roll the dice on some [insert hot take fomo stock].

For real though, while the bulk of the info you've received thus far is sound in the short term, people here are gambling, so you should take the sound advice you've received and abort this thread, imo.
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Old 09-27-2019, 07:37 PM   #3203
Buehler445 Buehler445 is offline
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Quote:
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You've got quite a few years on me. Your advice still rings absolutely true though. I'm an adult, and it's time to start acting like it.
Well shit. I thought you were my age. Thanks for making me feel old. Ass..

Quote:
Originally Posted by TLO View Post
To follow up. I sat down and made a full budget out today. At the end of each month, I have around $500 that isn't accounted for anywhere. This is what was used as my "entertainment AKA gambling money before"

(This assumes I'm making minimum payments on each bill.)

I'm figuring I can leave out maybe $50 per paycheck for a total of $100 a month to spend on eating out, a new video game, etc etc. (My new entertainment budget)

The other $400 can be used to tackle debt. Throwing an extra $400 at bills every month should really make a big impact.
Take that $400 for a couple months and sock away a little in a savings account. Cash always spends and I'm a pretty big proponent of keeping some In case shit money around.
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Old 09-30-2019, 07:56 PM   #3204
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 10-01-2019, 10:37 AM   #3205
Rain Man Rain Man is offline
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Schwab is apparently lowering their trading fees for U.S. and Canadian stocks to zero. Bold move.

https://www.cnn.com/2019/10/01/inves...ons/index.html
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Old 10-01-2019, 11:21 AM   #3206
scho63 scho63 is offline
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Schwab is apparently lowering their trading fees for U.S. and Canadian stocks to zero. Bold move.

https://www.cnn.com/2019/10/01/inves...ons/index.html


What is the real motive here?
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Old 10-01-2019, 11:48 AM   #3207
DaFace DaFace is offline
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What is the real motive here?
I'd assume they're betting that they'll make more money on people switching to them and using their other services than they do on commissions.
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Old 10-01-2019, 12:00 PM   #3208
Buehler445 Buehler445 is offline
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I'd assume they're betting that they'll make more money on people switching to them and using their other services than they do on commissions.
Yeah. I'm guessing The E-Trade folks will stay with E-Trade and whatever else is out there, and they'll try to steal some mutual fund business with this move.
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Old 10-01-2019, 12:07 PM   #3209
ChiliConCarnage ChiliConCarnage is online now
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I'd assume they're betting that they'll make more money on people switching to them and using their other services than they do on commissions.
People have been predicting for a few years that we'll see Brokers pay us to make trades. DaFace is right. I'm sure they hope you'll turn on margin, trade some options, banking, credit cards, financial planning. Even if you never touch any other service though they sell your order flow for profit, loan your shares out short, most traders keep cash in their account which they profit off of. It's probably a loss leader going to 0 but it likely makes sense to get people into the ecosystem.

I thought they'd drop to 2.95 or something first. JP Morgan came out with a 2.95 service last year. Vanguard made 99% of ETF's free trading last year.
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Old 10-01-2019, 12:37 PM   #3210
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