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07-08-2017, 12:39 PM | #1066 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $1256136
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Yeah I sold mine because I am ignorant. I wanted to see I got my money back and I saw that you are paying 3 dollars to buy and sell. I still have money Etheruem. So I am learning. I want to try etrade to get used to it.
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Posts: 54,686
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07-08-2017, 12:41 PM | #1067 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $1256136
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One thing I like about Edward Jones is that I am less likely to go through the hassle of withdrawing because I would feel stupid. So I am less likely to take money out of a roth.
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Posts: 54,686
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07-11-2017, 07:16 AM | #1068 |
Andy Reid Supporter
Join Date: Apr 2012
Casino cash: $179611
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Met with a financial advisor to talk about my 401k. I'm upping my contribution from 6% to 7 and most likely 8 next year.
Didn't realize that 43% of my 401k was in the company's stock and was actually down for the year. I think I'm going to roll with a target date fund as it seems more conservative and better planned out. 53% is in that but I'm strongly considering adding far more than 53%. |
Posts: 48,834
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07-11-2017, 08:45 AM | #1069 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1166869
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Being honest with TD Ameritrade makes things boring. Can't short anything and can't take options positions that aren't covered.
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Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
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07-11-2017, 09:04 AM | #1070 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $224734
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Quote:
I wouldn't do more than 10. They had that at Cabela's when I was there and I figured if they were doing that well, I would be able to extract more money from them through payroll rather than 401k. Whether that's right or not, I don't know. They also had an ESPP that I could get stock at a discount, so I did do some of that. |
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Posts: 58,340
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07-11-2017, 09:30 AM | #1071 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-63101
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Quote:
Just make sure that the fees (expense ratios) are reasonable. You really shouldn't be paying more than 1% in fees, so if it's much higher than that, you might want to reconsider your options. |
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Posts: 52,578
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07-11-2017, 04:15 PM | #1072 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-148100
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Quote:
I wrote them and they have a section where you can apply for higher tier status for options trading other than covered calls. Might require like $2k in a money market it looks like.
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Posts: 46,167
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07-11-2017, 05:45 PM | #1073 | ||
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $681110
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Quote:
Quote:
No brokerage firm allows average investors to take unlimited loss positions with shorting stocks or naked call writing without substantial equity of usually $250,000. Not unusual.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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07-11-2017, 06:56 PM | #1074 |
Rabbi Goldmann
Join Date: Nov 2012
Casino cash: $5450159
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I moved to all treasuries in my IRA
Market gonna correct big time I'll go back in and buy your shares at a discount |
Posts: 87,025
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07-11-2017, 07:03 PM | #1075 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-148100
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I wasn't looking to do anything crazy like that but simply place a long call on a stock. A few hundred dollars for the premium. Couldn't lose more than that so I'm not sure why that's not allowed?
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2024 Royals game thread record 3-0 |
Posts: 46,167
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07-11-2017, 07:18 PM | #1076 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $224734
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Posts: 58,340
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07-11-2017, 09:30 PM | #1077 |
Sexiest Athlete
Join Date: Apr 2001
Casino cash: $-548075
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Posts: 12,685
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07-11-2017, 10:21 PM | #1078 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $681110
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The investor has some assets up as collateral such as a home or property. No one is going to let Average Joe get short and take a $500,000 loss with no ability to cover the margin call.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 53,055
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07-11-2017, 10:24 PM | #1079 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $681110
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Quote:
If you own a stock and you want to write a covered call option against it, you usually need a margin account. Your position is protected as if your option was executed and called, you have the stock to hand over.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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Posts: 53,055
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07-12-2017, 07:58 AM | #1080 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $224734
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Quote:
Speaking of which, I just got my margin call. Yay!! |
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Posts: 58,340
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