Stocks/Investing

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
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Bishop, CA
@theesotericone with eTrade, you have to hold money in the account for a specified number of days before you can invest? I put $50 in to get started and mess with things, but it says the "cash available for investment" is $0, even though the "Net Account Balance" and "Net Cash Value" is $50. Say I wanted to put a few thousand in there; do I need to put that money in the account weeks ahead of time, or is that for first deposit only?

It's usually 3-4 days to clear for an ACH transfer. Wires cost money but clear in a day. Once your accounts got money in it they usually make any more money you add available same or next day.
 

AssBurns

will wheel for beer
Staff member
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It's usually 3-4 days to clear for an ACH transfer. Wires cost money but clear in a day. Once your accounts got money in it they usually make any more money you add available same or next day.
Gotcha. Good to know. Looks like I also have to do the account verification still too. Hopefully I'll be ready to lose money pretty soon lol.
 

Dukestaco

Stirring the pot 24/7
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Tucson
@theesotericone with eTrade, you have to hold money in the account for a specified number of days before you can invest? I put $50 in to get started and mess with things, but it says the "cash available for investment" is $0, even though the "Net Account Balance" and "Net Cash Value" is $50. Say I wanted to put a few thousand in there; do I need to put that money in the account weeks ahead of time, or is that for first deposit only?
Fuck e trade. I bought 4k in Disney stock in 1992. I was 20. That was half of my savings. With life and deployments I didn't look into it as I should have also not as easy as it is to do today. In 96 or 98 I read that Disney split so I look into it and they tell me that I have no Disney stock and only $2400 in the market account. WTF. Since my account had no activity one of their brokers was selling my shit to make commission. Turns out that broker was doing that with inactive accounts. I was refunded my original investment plus 2k for the inconvenience. I should have sued but was buying a house and had no $ for lawyers. Fuck E-Trade.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
Messages
3,494
Location
Bishop, CA
Fuck e trade. I bought 4k in Disney stock in 1992. I was 20. That was half of my savings. With life and deployments I didn't look into it as I should have also not as easy as it is to do today. In 96 or 98 I read that Disney split so I look into it and they tell me that I have no Disney stock and only $2400 in the market account. WTF. Since my account had no activity one of their brokers was selling my shit to make commission. Turns out that broker was doing that with inactive accounts. I was refunded my original investment plus 2k for the inconvenience. I should have sued but was buying a house and had no $ for lawyers. Fuck E-Trade.

I'm sure they are a much different company then they where in 96. lol

Morgan Stanley bought then out two months ago for $13B. After the merger they have 3.1T in client assets. Not the same company from 96. lol
 
Joined
Oct 26, 2019
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Fuck e trade. I bought 4k in Disney stock in 1992. I was 20. That was half of my savings. With life and deployments I didn't look into it as I should have also not as easy as it is to do today. In 96 or 98 I read that Disney split so I look into it and they tell me that I have no Disney stock and only $2400 in the market account. WTF. Since my account had no activity one of their brokers was selling my shit to make commission. Turns out that broker was doing that with inactive accounts. I was refunded my original investment plus 2k for the inconvenience. I should have sued but was buying a house and had no $ for lawyers. Fuck E-Trade.

yikes. Would of been good to take that guy to the cleaners.
 

Slim-Whitey

Canadian hoser, Eh?
Know it all snowfake
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So with airlines getting the shit kicked out of them, but also being absolutely essential to the world when things aren't fucked up, would they be a relatively safe bet to assume a large return out of if we buy during this trough?

Wondering where to put the "this is the volatile money" half.

I'm only at a very surface level of understanding with all of this.
 

AssBurns

will wheel for beer
Staff member
Joined
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So with airlines getting the shit kicked out of them, but also being absolutely essential to the world when things aren't fucked up, would they be a relatively safe bet to assume a large return out of if we buy during this trough?

Wondering where to put the "this is the volatile money" half.

I'm only at a very surface level of understanding with all of this.
I was thinking the exact same thing. Hopefully some of the more experienced people can help with this.
 

Slim-Whitey

Canadian hoser, Eh?
Know it all snowfake
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Just as a note:
Boeing was bolstered by the US dumping money into the market, and doubled from 90 to 185 a share from Monday to yesterday.

I think it's temporary, since that fed money is a stopgap to me, but if I woulda pulled the trigger like I wanted to we woulda doubled our money and walked away.
 

Dukestaco

Stirring the pot 24/7
Joined
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Messages
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Tucson
So with airlines getting the shit kicked out of them, but also being absolutely essential to the world when things aren't fucked up, would they be a relatively safe bet to assume a large return out of if we buy during this trough?

Wondering where to put the "this is the volatile money" half.

I'm only at a very surface level of understanding with all of this.
Mapple syrup. Buy buy buy. Lol.
 
Joined
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Just as a note:
Boeing was bolstered by the US dumping money into the market, and doubled from 90 to 185 a share from Monday to yesterday.

I think it's temporary, since that fed money is a stopgap to me, but if I woulda pulled the trigger like I wanted to we woulda doubled our money and walked away.
i bought a few Boeing shares at $102. I sold them at $180 that was way to over priced for me not to. I wish I would have bought more.

If your looking at airlines Delta has the best balance sheet of them all. Also Warren Buffet bought more Delta shares after they got hammered. You need to understand nobody knows where this is going though. A vaccine won't be ready for a year to 18 months. Who is to say if we get it under control in 2 months then someone flies in from Iran, china or any of the 3rd world countries where their doing nothing and starts this all over again. Also with everybody doing this telecommuting who is to say it doesn't stay that way, it's much cheaper on companies. So airline stock could be until we get a vaccine or never at all until they are back to bussiness as ususal.
 
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Slim-Whitey

Canadian hoser, Eh?
Know it all snowfake
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While I agree with you, and I do think the short term gain is going to level right the fuck out and drop again when the healthcare system gets hammered in the US in the coming weeks as infected people start seeing symptoms, that little uptick was something I had a feeling about, and was willing to throw a couple thousand bucks at just in case, and I lost it because I didn't pull the trigger.

I don't think airlines are going anywhere. There are 110,000 commercial flights per day in the world, on a normal day. Yes right now that number is a fraction of what it normally is. But when this thing clears up, the paradigms are going to shift back to normal. Right now we're doing this because we have to.
 
Joined
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While I agree with you, and I do think the short term gain is going to level right the fuck out and drop again when the healthcare system gets hammered in the US in the coming weeks as infected people start seeing symptoms, that little uptick was something I had a feeling about, and was willing to throw a couple thousand bucks at just in case, and I lost it because I didn't pull the trigger.

I don't think airlines are going anywhere. There are 110,000 commercial flights per day in the world, on a normal day. Yes right now that number is a fraction of what it normally is. But when this thing clears up, the paradigms are going to shift back to normal. Right now we're doing this because we have to.

I'm normally a long term invester but I thought boeing would rise from $102 on the bailout not that they fixed the Max and didn't want a bailout from the government. I was prepared to hold it long term or to zero. If your buying airlines right now you need to be prepared to do the same

I really don't know about Boeing sales in the short to medium term. Lots of airlines are going to go bankrupt. Why woundn't the airlines still standing buy those cheap used planes instead of brand new ones
 

Slim-Whitey

Canadian hoser, Eh?
Know it all snowfake
Joined
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Messages
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Age
32
Location
Saskatchewan
I'm normally a long term invester but I thought boeing would rise from $102 on the bailout not that they fixed the Max and didn't want a bailout from the government. I was prepared to hold it long term or to zero. If your buying airlines right now you need to be prepared to do the same

I really don't know about Boeing sales in the short to medium term. Lots of airlines are going to go bankrupt. Why woundn't the airlines still standing buy those cheap used planes instead of brand new ones


Agreed.

Boeing was bolstered because, as I read it, they were allowed stock buybacks on a large scale, and some of the fed money went to them. It wasn't because of an uptick in business. Just a stopgap in the slide.
 

kasnerd

Danny's Red Headed Step Child
Joined
Aug 15, 2019
Messages
4,791
Yeah, that had to be fun with oil turning negative. I can't imagine that didn't affect other futures.

it's all the over the place. mad money. trying to analyze is nuts because some Orange tinted boob in DC opens his yap and fucks up a whole sector for no good reason. its maddening. trying to short is probably the best chance for higher returns at the moment but it's hairy and I'm not that desperate...yet.
 
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