in totally bland daily news
Apr. 8th, 2021 06:21 pm I opened up a Merril Lynch investment account. It's technically an IRA but so far as I know, it is non-interest-bearing because it's a SEP (self-employed)
So I do all of it online.
So far, the wonderful world of the stock market is a huge disappointment (as I knew it would be) because I have "pennies" to contribute.
I've put $850 into the account so far. $150 is still in "cash". My investments have netted me $600 at this point. Which means I"ve lost about $100 at this point. Obviously that could change and I could wake up tomorrow... middle class. But that's doubtful. I made deliberate risky investments with small amounts. Because I wanted to see what happens. It's a few hundred here and there. I sincerely doubt ALL the money will evaporate but most likely it won't be worth the same as if I had stuck it in a bank account.
Well my next purchase will be a solid stock. I'm going to buy a share in Roku. Everything I know tells me that's going to be a good investment and might even possibly end up being a Blue chip like J&J, Apple or Dow-Jones. For that reason, it is a very expensive stock. well, by MY standards anyway. Last time I saw it at the morning surge it was $400 each. So I put enough in my account to buy ONE share.
Now the problem with doing all this online is the real-time lag. Of course I didn't even think about my stupid IRA all week and so haven't bothered looking at it. Now it's Friday and I suddenly get the urge to check on it, after 5pm. Nothing is going to happen until Monday. I also realized I didn't have enough money in my current account to buy a share of Roku. So I put in the transfer order to put the money in from my bank account. Except that also takes 3 days. So it won't credit my account with the money so I can't put in the buy-limit order for the stock.
Why do we bother living in the future when the people who get rich off of us just use it to find new ways to keep us down?
So I do all of it online.
So far, the wonderful world of the stock market is a huge disappointment (as I knew it would be) because I have "pennies" to contribute.
I've put $850 into the account so far. $150 is still in "cash". My investments have netted me $600 at this point. Which means I"ve lost about $100 at this point. Obviously that could change and I could wake up tomorrow... middle class. But that's doubtful. I made deliberate risky investments with small amounts. Because I wanted to see what happens. It's a few hundred here and there. I sincerely doubt ALL the money will evaporate but most likely it won't be worth the same as if I had stuck it in a bank account.
Well my next purchase will be a solid stock. I'm going to buy a share in Roku. Everything I know tells me that's going to be a good investment and might even possibly end up being a Blue chip like J&J, Apple or Dow-Jones. For that reason, it is a very expensive stock. well, by MY standards anyway. Last time I saw it at the morning surge it was $400 each. So I put enough in my account to buy ONE share.
Now the problem with doing all this online is the real-time lag. Of course I didn't even think about my stupid IRA all week and so haven't bothered looking at it. Now it's Friday and I suddenly get the urge to check on it, after 5pm. Nothing is going to happen until Monday. I also realized I didn't have enough money in my current account to buy a share of Roku. So I put in the transfer order to put the money in from my bank account. Except that also takes 3 days. So it won't credit my account with the money so I can't put in the buy-limit order for the stock.
Why do we bother living in the future when the people who get rich off of us just use it to find new ways to keep us down?