Okay, I'm not a financial broker, just a senior ladypede who does own some stocks. But with stock market drastically going down these past several days, some thoughts came to me I'd like to share.
First is that Soros and all his ilk do have a big footprint in Wall Street. I know there've been other factors, such as the pandemic, affecting stock market. And the market has been bearish in times past. But I'd not put it past the Soros ilk to sell off to bring stocks down, then later buy up again at much lower price for profit. To reimburse themselves for their BLM contributions.
And, after GEOTUS bragging on stock market starting to bounce back, this would be another reason the Soros and communist ilk would like to bring down the market. To make him look bad.
So I was thinking, just as people patriotically bought bonds during WWII, what would happen if all the MAGA pedes bought into stock, even $5 worth? Or for those already with stocks, buy $5 more? In the past couple of years most online brokers and trade apps have eliminated their trading fees (which used to be about $5 extra to buy each trade and another charge to sell), so it's much easier to get into trading. Right now stocks are at bargain prices, quite a few pay dividends so you get more bang for your buck.
I won't name any specific stocks, but one place to start is by researching the good companies (such as those mentioned on 2ndvote.com) to see if any of them are on the stock exchange. Buying into them would help them during these times, I'm sure. And for any companies that should start to become "woke," your disapproval letter to them would hold more clout by being addressed from a stock holder.
That's just my two cents.
How do people trade here? My coworkers use whatever that app is to trade, but I've heard other people say those trading apps are shit and you shouldn't use them. Any other entry point people would recommend that doesn't involve me having to have a middle man?
Robinhood makes it easy, and you can do fractional shares, options, etc. All with no fees.
Thank you!
I've also heard that trading apps aren't that great. From what I hear, their main complaint is that it lags so much that when you try to trade, it either doesn't go through or it makes the trade at a way different price than you initiated. I have a friend who uses Robinhood and has no problems.
The plus with Robinhood, like TheLionParty said, is that you can do fractional shares with no fees. But many of the regular online brokers also have no fees and have optional apps. I tried to join Robinhood but they kept me in limbo for months while I was trying to get my account approved, even though my funding bank account was already linked. So I told them to cancel everything. I've had a Sharebuilder account since about 2010, at that time owned by ING who PAID me $100 to open the account with no minimum opening deposit. I used half of it to buy stock and pay the trading fees. Years later, Capital One bought out ING accounts in the U.S. so they inherited my account. Then Capital One sold out their Sharebuilder division to E-Trade a few years ago. I sold the stock (at a profit) and didn't do any more trading.
After being denied at Robinhood, I found out E-Trade had just eliminated virtually all their fees two months prior. So I ended up using that account to buy stock. I have no complaints...other than E-Trade doesn't let you buy fractional shares. Though stockholders can earn fractional shares from their dividends. And you can buy ETFs that (in a round about way) let you buy sets of fractional shares within a package of companies.
Thank you!