Trade Futures in an IRA Account No Margin Restrictions
The Roth IRA Trading Rules You Don’t Want to Break – Ever
Roth IRAs: Investing and Trading Do’s and Don’ts
Can I Day Trade My Roth IRA? Pocketsense
Investing In Futures With An IRA: What You Need To Know
An Introduction To Trading Forex Futures
Can futures be traded in a Roth IRA - TurboTax
Trading Futures in an IRA Account Cannon Trading
Futures trading FAQ - TD Ameritrade
Can I use Roth IRA money for API trading through IB?
Would it be possible to use my Roth IRA money for api trading, day options, forex and futures? I know the risks, I was wondering if it were administratively and legally possible through IB. Thanks in advance
12 years of disciplined boring investing almost all in SPY and later VOO and I am a millionaire in my late thirties. 900k from index funds and 200k from real estate. Started with zero. No inheritance. Separate money from my wife (not counting her assets or contributions). Made mid five to low six figures income the whole time. One kid... now two. edit 1 I actually did not thing anyone would respond to this but a lot of people did. Some asked for proof. Here it is. Omitting real estate holdings. https://imgur.com/a/zI9UWJa Also including credit report - no debt outside a used car loan because I will not pay cash when I get money at 3.49%. Edit 2 People asked for more details. At a high level I have been investing / studying markets since I was very young. I tried everything (internet stocks, FOREX, Options, Futures, small caps etc) coupled with fundamental and technical analysis. Did OK, even won second place in a trading contest but never got what I wanted. Like many people I made bad decisions and had divorce, job loss, etc. Even had to close out an IRA in my twenties. Ended up turning to a disciplined index fund strategy about 12 years ago. Strategy was to max out 401k and live below my means (old car, no cable tv, make my own food, etc). At the end of each month swept all my pennies into an after tax fund since my 401k was maxed. That is it. Make your own coffee and buy VOO or SPY ideally in a tax advantaged account. I road this through the 2008/2009 crash - kept my investments and bought more. I also have small (like 5% of my money) in Bitcoin, Tesla and Pot stocks. This is purely for fun. A couple people mentioned this was just luck. I think it is important to understand the market will move up, retrace, consolidate and then move higher. The timing of this is somewhat luck. The strategy part is live below your means, buy and accumulate positions for years so when a bull market hits you are in. I guess you can call each runup "luck" except people keep living in debt no matter what their income. I would much prefer people take away an investment strategy that does work if you are a disciplined from someone not born rich and who tried a lot of different strategies. The takeaway really is with education and discipline you can reach a level of financial independence even after many screwups. I can publish this simple system and honestly few will follow it... There are no ads, systems to buy or affiliate links. I make zero dollars sharing this. I make my own coffee and watch netflix. I invest the rest in index funds. Take a trip or buy something if it really is important to me. That is it. Edit 3 People asked what is next. Teach my six year old and newborn savings and investing. Opening a ROTH* for the 6 year old and custodial brokerage account for the new addition. They will have millions as a safety net at retirement. They will now know about this money and will need to find their own path in life. Staying in the market, if it crashes I will buy more. Stating in until I reach 5-10 million. Don't need the money for a long time...
A ROTH requires earned income, they need to be hired in a family business, mow the lawn, model, deliver papers, etc. Google and your accountant has more legal ways to do this and interesting discussion. You can google "roth ira for newborn". I did not point this out early on. Sorry.
Why I moved on from Robinhood to a proper broker (and am not looking back)
Hello fellow autists. It has now been around two weeks where I've moved on from Robinhood and am now using a proper broker (TD Ameritrade, using their "Think or Swim" mobile app / desktop app). I had been using Robinhood for about 1.5 years, but didn't realize the vast amounts of benefits you get at a proper broker (described below). I wish someone had told me about all this when I first started trading, so now I'm passing on this knowledge to youuuuuu. Perhaps other brokers have most if not all of these benefits, but I don't got experience with them.
Pretty cheap trades - While the main benefit of Robinhood is that its free - you can actually get pretty cheap trades with TDA. What you have to do is open a support request with them, and ask them to price match "Tastyworks" (https://tastyworks.com/pricing.html). You TELL them that you want them to price match their fees, or you'll leave etc... Can even ask for cheaper fees if you want. You can also get 300 free trades when you first sign up , and even free money (up to $600) if you deposit a LOT.
Practically unlimited day trades (for stocks and options) - this one was a big one for me, as I’m poor and have less than $25,000 in my trading account. You can ask for a “tier 2 cash account”, and you can do as MANY day trades as you want … but only if the money is “cleared”. Every time you make a trade, the money will clear the next day. What this means is that you can place a trade with 50% of your money in the morning, and then later in the day make another trade with the other 50%, then you can sell out of both positions. The next day the money will be cleared and you can continue trading. I went from doing that dumb 3 day trades every 5 days… to about 5-20 day trades every single day.
Charts have superb indicators in them - Here’s what my “charts” setup looks like - https://i.imgur.com/EiiWEHe.png - You can see I can monitor multiple charts at once (HUGELY beneficial), and I can see the 200d ma, VWAP, EMA clouds, and low and high of day. Hundreds of others to add if you want, and they all work on mobile too.
Combine having “unlimited” day trades with seeing proper indicators on a chart . . . and you can do my new day trading strategy of buying a few options when you see a setup occur (such as a stock going below the low of the day, or buying after it breaks the 200d ma). Then when the price hits a resistance point (such as the pre market highs), you can sell 50-75% of the contracts and lock in profits. Then you can add to your positions on pullbacks or just let the rest ride.
Good referral system - Refer someone and you can get either $50 or 10 free trades (with Robinhood I only ever for like $5 - $10 stocks)
Paper trading - Think or swim has paper trading, so you can practice losing money before you actually lose your real money
Stop loss on options - In a position but have to step out to a meeting? You can have little fear of the market going against you as you can put in stop losses for your options. As you set the stop loss for the price of the contract, it will even tell you what approximate price the stock will be
Market buy in and out of options - With Robinhood, if I wanted to get out of an option I’d put in a sell and it would put the price in between the bid and ask. Half the time it wouldn’t sell right away, so I’d have to cancel it then put in another (all the while the price keeps tanking). Now I can easily market sell something and boom it’s sold. You usually only want to do this if the option has high open interest / volume / tight bid & ask, which you can easily see. Also there’s no “this option can only be bought in 5 cent increment” bullshits
Buy today’s SPY option - lose your money even faster by getting same day expiry for SPY etc…
Easily see the prices for multiple options - Here’s what I see to buy into options (https://i.imgur.com/Ug8pskt.png). I can easily browse multiple strikes for today, and click into other dates to see those. No more clicking into an option… then clicking into it again to see the open volume etc… You can also see the IV on the very right of the tab name (with the date on it)
Excellent customer support, can live chat - Compared to RH where its practically 0 support and GG if you run into an issue
Transfer your IRA and day trade or do options on it - Lose your retirement funds too if you want. If it's a Roth IRA, gains are tax free (but losses aren’t a tax right off)
You can also link all of your accounts... And then trade with them all at once. So in a few clicks I can take a single trade that gets executed on my day trading account, my Roth IRA, and my traditional IRA
Excellent mobile app and desktop app that syncs - Tons of other features I’m leaving out too
Forex and futures - If you want, you can do forex and futures
Just download “Think or swim” and try out the “paper trading” at least, it's all free. You can also open a regular account and just do all of your chart viewing and option browsing, then go into RH if you want to buy in there. PM me if you have any questions :D
Year End/Year Beginning Ruminations (Contributions wanted and welcome from everyone)
Hi all, I wanted to post some ruminations on trading that hit me this year. Most of this is common sense, but sometimes it helps to put it to words or to see others who are going through it. TIMES OF STRESS So, this is not a pity party for Huachi, instead it is a hard but good lesson learned that I need to pass on;. I like this sub, I'm an experienced trader (FX and stock) with a decent background in options and Futures, and was trying to be actively involved in TheWallStreet as well as growing my trading capital and my retirement accounts. Back in September, I had a family emergency that was medical in nature. This required my total attention, with emergency time off from work, where I had to care for that family member medically (I'm in the medical field, I do this for a living, and it still was a massive undertaking), as well as dealing with the fallout of that person's life choices. This is soft language for I love this person but their life can be a trainwreck that I had clean up. This meant 100% mental energy 100% of the time for 2 months solid, burning FMLA the whole time. I was not in the mind to do anything else, but unfortunately right after hitting the ground, I took an open position that turned out to be a bad idea - I was short /LE and /ZS in the form of long puts, and took that position just prior to a hurricane scare (which spiked Soybeans) as well as a bull market (no pun... well maybe not) for cattle. I held till death, no stop loss, no reflection, no GTFO we are in trouble. This cost me a good 8K in trading capital that I sorely needed and still need today. When you are massively stressed, your worst trading habits, whatever they are, will come out in spades. Gambler? You are going to be hitting the craps table with your account. Revenge trader? You'll hold till you die on something that you would have bailed on during normal times. Poor sizer? Risking 100% with no stop loss is the par.... you get the drift. Your worst habits will come out in droves. I'm a seasoned trader and investor, but I have horrible impulse control that I have had to overcome with years of work to be successful in doing this. Self analyze, and realize that the same battle you fight everyday doing this wonderful trading business is going to be amplified exponentially in a stressor. My advice to most of you (not all, because some would be able to focus, but most won't) is to exit all positions when a true, bad ass emergency happens. I don't care how confident you are in them, if you cannot treat this trading as a second career and keep those positions under your hawk's eye, and start to back burner it, it is going to burn you. Exit all positions immediately, even at a loss, come back with a clear head when the situation has resolved. Family emergency, girl/boy emergency, your children emergency, work emergency, whatever, being open during this can kill you. I wish I had that 8K back, but I don't. Between that loss and then the output of almost 20K of my own cash money just to pay bills, I have a tiny trading account now!! EDIT: This wasn't rent money. CAREER Which brings me to this. I don't see it as much here as I do on other subs (especially Forex and WSB), but there are enough new traders that I see trying to trade gamble their way out of a dead end job or unhappy career. Many of the traders here, especially the ones wielding big gains, already have established, well paying careers in professional fields. I am one of them. Your earnings flow from your sweat equity. I spent years in a dead end, high hours, low pay and low reward job trying to wagegamble/trade my way out of a life that was unhappy. Now, that gave me a solid experience base, but trying to flip $300 in Forex money into spendable cash was just not going to happen, at least for me.... and this is true for most traders. You want a career that is intellectually and fiscally rewarding and that leaves you with some free time. I recognize that this is Dad advice, but your trading will prosper once you have a good career that produces healthy revenue that you can trade. As well, when faced with the aforementioned emergency, you can re-capitalize in a relatively short time and get back to work. I estimate I should be OK by March/April for funds... but I don't want to tempt the Gods. ROTH IRA Total right turn here, but do you have a Roth IRA? I am a believer in this vehicle. The benefit of a Roth is that whatever gains you make you keep. You pay no taxes as what goes into the Roth is after tax money. This means you can amplify your earnings. Your Roth maximum contribution is capped at $5500 per year for 2018, but as you grow that, you owe no taxes. Roth is a retirement account accessible at 59 1/2 years, and also can serve as an emergency fund because it has some accessibility as one. In short, get a Roth! You aren't being eaten by quarterly taxes, and you can grow yours wonderfully. Good luck everybody. Ruminations, advice, comments, and snide remarks are welcome below.
Introduction to investing as a U.S. citizen residing in Japan
[meta: I ask for help in making sure this information is accurate and correct. Please contribute as you see fit!] WARNING!! I am not a lawyer, accountant, or broker, nor do I have any experience or training in any of those fields. ALWAYS confirm with a professional before taking any advice you read on the internet. Foreward If you're old enough to pay taxes, you should start investing. The earlier, the better.
Here’s another example to illustrate the enormous benefit of getting an early start. At age 25, Eric Early invests $4,000 per year in a Roth IRA for 10 years and stops investing. His total investment is $40,000. Larry Lately makes yearly deposits of $4,000 in his Roth IRA starting at age 35 for 30 years. His total investment is $120,000. Assuming both portfolios earn an 8 percent average annual return, at age 65, Eric’s IRA will be worth $629,741, but Larry’s IRA will be worth only $489,383. By starting 10 years earlier and making one third of the investment, Eric ends up with 29 percent more.
- quote from "The Boglehead's Guide to Investing" Target audience This is an introduction for U.S. citizens with residency in Japan who want to do long-term investing in U.S. equity (stocks, bonds, etc.). Disclaimer This advice may not be accurate for citizens of countries other than the U.S. or for those U.S. citizens living in Japan who work for the military or are only temporarily living and working in Japan as affiliated with a U.S. company. This is also not advice for ForEx or day traders looking to make money. Nor is it advice for what to invest in. This is also not advice for investing in the Japanese stock market. This is just one way to invest in U.S. equity from Japan. There are other ways. Assumptions
You're a U.S. citizen
Your income is in JPY
You want to invest in U.S. equity (stock market, bond market, etc)
You have basic knowledge about taxes and tax-related terms
You have at least $10,000 USD to invest (or $3,000 USD if age 25 or younger)
Background I am an ordinary guy living in Japan. I have disposable income and, rather than pour all of it into my local izakaya and Philipino hookers (who hang out in front of Mister Donut at night and ask if I "want the massage?" (just kidding, really!)), I wanted to invest in my future by saving for retirement. I'm an early 30's-year-old guy and spent about a month reading up on investing and then set off trying to invest as a resident of Japan. My Story I moved to Japan 3 years ago after working in the U.S. I have an IRA leftover from my time in the U.S., but never contributed to it since moving to Japan (thankfully - find out why in a bit). I recently saw a post from /personalfinance (seriously, go read information in that sub if you want to have more money upon retirement or just get out of debt!) and decided to read the book "The Boglehead's Guide to Investing" based on recommendations there. After that, I started looking into my options for investing from Japan. Before I left the U.S. for Japan, I rolled over my 401k into an IRA using Vanguard (arguably the best broker available for U.S. citizens). Since moving to Japan, I had not contributed anything to my IRA. So, the first thing I wanted to do was start contributing to my IRA again, and use any remainder to invest in U.S. equity. Turns out this is not as easy as it sounds. I found out that in order to legally contribute to my IRA, I had to pay U.S. taxes on my income used to contribute to it. Well, if you're like me and don't make an awful lot of money, you're probably filing with Foreign Tax Credit/IRS Foreign Earned Income Exclusion. This stuff basically let's you deduct all your taxes in Japan, as it on Japanese income and you already paid glorious Nippon taxes on that income. For me, this basically meant that I owed the IRS absolutely nothing every year. Great! Right? Buuuuut since I didn't pay any U.S. tax on my income, I cannot use it to contribute to my IRA! Dammit! (But actually a blessing in disguise because if I had been contributing to my IRA, I would have been breaking U.S. tax law because I didn't pay taxes on it.) So, I started looking into other ways to invest: the U.S. stock market, bonds, etc. After reading The Boglehead's Guide, I knew I wanted to invest in Vanguard's mutual index funds. My first instinct was to open a brokerage account (which is different from your IRA account) with Vanguard. I started filling out the online form, but ran into issues. You have to specify a U.S. address. Also, you have to specify your U.S. employer. I had neither of these, so I called Vanguard (from Japan at a ridiculous call charge) and spoke with someone about doing this. They gave me the OK but said I'd have to submit a paper form through snail mail, and sent me a PDF to fill out and mail in. I mailed it (from Japan using EMS which was like $20..), and got a call about a week later. Surprise! Because I'm not working in Japan temporarily for a U.S. company or living on a U.S. military base (considered U.S. soil, I assume?), I actually can't open a brokerage account with them. Dammit again! What a waste of money calling them and mailing the form overseas. So, I started looking into other options. I read about a few other brokers and most people agreed that I should either use Fidelity or Interactive Brokers. I had never heard of Interactive Brokers and honestly they seemed scary at first, so I decided to go with Fidelity, who I had actually heard of and is a U.S. based firm. I created an account with Fidelity, but once again ran into roadblocks when trying to open a stock trading account. I didn't have a U.S. address or employer, and actually wasn't able to link my U.S. bank account with them either (for reasons unknown). Dammit once again! So, I started reading more about Interactive Brokers. Okay, it's still a little scary, but there are positive reports about using them online. I signed up for an account with minimal hassle, linked up my bank account, was able to transfer money over to them, and then successfully bought U.S. shares! Sweet success! Finally!
How to Invest
Part I: Contributing to your IRA If you do not have an IRA, you probably should, as they are your basic investment option and tax-friendly to boot. However, good luck setting one up as a resident in Japan! Vanguard will happily babysit an IRA you opened prior to leaving the U.S., but they will not let you open a new one with a foreign address. I don't know about other brokers such as Fidelity or Schwabb, but it's probably the same story there. If you are like me and happen to have an IRA leftover in the U.S., you CAN contribute to it, but in order to do so you must not deduct your Japanese tax on your IRS 1040 or file Form 1116, "Foreign Tax Credit". In other words, you must pay U.S. taxes on any income used to contribute to the IRA. Refer to your broker for how to actually get the money to them from Japan. Part II: Investing in U.S. Equity from Japan Using Interactive Brokers First, let me tell you a little bit about Interactive Brokers (IB). They are a service mostly used by regulaprofessional traders. The fees are very low and reasonable. However, they have a service charge of $10/month if your commission is equal to or less than $10 USD in that month. This is probably not a problem for people over 25 years old investing with $10,000+ USD, but for people 25 and under with an initial investment of $3000, it's possible you might not make the minimum commission per month. Beware of this fee. IB lets you fund the account from many different currencies, regardless of what market you are buying (this needs confirmation, but seems to be accurate). So, whether you have a U.S. bank account or a Japanese bank account, you can fund the IB account. You can even fund from both. IB does not let you invest in U.S. mutual funds. This sounds like a deal-breaker, but it's actually not. You can still invest in U.S. ETFs. This includes Vanguard's total stock market index ETF, total bond market index ETF, etc. IB has an iPhone app that is pretty good and probably an Android app too. Although, as someone doing long-term investing for retirement, you probably don't need this and don't want to be checking your account too much (refer to /personalfinance as to why). IB has multiple account types. You will probably see IBLLC and IBSJ. The differences are two-fold: First: an IBSJ is only used to trade Japan domestic equity. You don't want this because you want to trade U.S. equity. Instead, IBLLC is used to trade overseas (U.S. equity). Second: as of 2016, IBJS requires your My Number information, but IBLLC does not. Again, you don't want IBJS, so don't worry about the My Number information. Open a "Japan Resident Individual Account for IBLLC" account online. This is a lengthy process. Make sure you have the required information.
You will need to send info about your current address in Japan, your 在留カード (zairyuu/"gaijin" card), job information, bank account information, and so on. I got confused and sent my My Number card information as well, but this only caused a hiccup in their process and I was told to remove it. Don't submit your My Number information.
You need to choose your base currency. Your base currency determines what currency you trade in and receive dividends/money from selling in. I think you need to specify USD here, but not sure. I chose USD because U.S. stocks are in USD and I used my U.S. bank account to intially fund my account. It may not matter, but this needs confirmation.
You need to specify that you have trading experience. I forget the actual numbers you need to put into the form, but make sure you put enough experience that allows you to trade ETFs overseas. You can fiddle with the numbers right there in the form, and options open up as you change the numbers. Play with it until it's just right. This part is hazy, and just seems to be some safeguards for IB so that new investors can't sue/blame IB for their own trading stupidity when they lose all their money. If you really don't have any experience trading, IB offers virtual "fake" accounts you can use to play around with trading. I suggest you try it.
After about a week you should have your new account. The next step is funding it, or you may have selected to fund it up front when you created the account so it may already be done. Anyway, the easiest way is to have IB request the wire transfer from your bank. I did this. It was really annoying, but it took about another week or so to go through. Beware that you probably can't start buying right away and need to wait for the transfer to clear. Congratulations! You're ready to start buying now. Refer to /personalfinance in what to invest in. Remember that you are limited to buying ETFs and a few other things, and not mutual funds (but you can get their ETF equivalents). Using TBD... (anyone want to fill this out?) Part III: Taxes You need to declare and pay taxes on your dividends and any capital gains you make. Beware. TBD... (this is arguably the most important part, but I just don't have time to go into it now. Someone feel free to help!) TL;DR: Open an account with Interactive Brokers online and buy ETFs.
Background: A parent died, and left me with $50k. It was in an account that I couldn't touch until I was 18, so, prior to that, I had a job, etc. etc. Fast forward to today, and I've got a Bachelor's Degree, a job that pays decent in a field I love, have a car, a place to live, no debt, a Roth IRA I've contributed to for several years, and a bank account with enough money for me to not worry as long as pay checks keep coming. And also $50k. The past few months, I've been reading about stocks, options, ETFs, forex, and many, many other things. As explained above, I don't need this money right now, nor in the near future. In the past few months, I've made a few trades I'm proud of (bought [email protected], sold above 11. Bought [email protected] [WiiU will make it go up, right?], sold above 15.60), and also a few I'm not proud of (45% loss, but that loss is still less than the gains from F and NTDOY). With the insight from these trades, and others I've made, as well from what I've read, I've been migrating my strategy a little bit. And then I look at options, for something like SLV. I could buy, then sell covered calls, and make a small weekly gain, that lowers the cost basis of the original purchase, so that if SLV swings up, the call is executed and I make a gain, and if it swings down, I can sell more calls for less gain, until the cost basis lowers to a point where the calls can be sold near-er to ITM for higher gain. Does that make any sense? Or should I be doing something else? (Not just SLV. I'm using the 20% rule so not everything is in one place. Another thing I've gotten into is UVXY, which swings wildly, but has huge options [$2 for selling a call]) tl;dr: tell me I'm doing good, or suggest better. I've done a lot of reading, but don't claim to be anywhere near smart about any one piece of the investment puzzle. Edit: if you're going to downvote, mind saying why? I thought it was worth asking :( Edit 2: The first paragraph exists to say one simple fact, which can be boiled down to this: I can afford to be risky with this money. While a loss would be unfortunate, it wouldn't be life-threatening nor world-shattering.
Young with a lot of disposable income and interested in some higher risk investments, but not sure where to start.
Hey personalfinance, I have about 3-4k a month to spare after rent and living, and I'm wondering what I should do with it. I've already paid off all my student loans and maxed out my Roth IRA. Have amazing credit. Don't have any debt. Unfortunately, my employer doesn't offer a 401k (yet!), but probably will within 6 months. I have no plans to purchase a home or car in the near future. I'd like to play around with money a little bit, but I'm not sure where to start, so I guess I'm just looking for a few ideas to do more research into. Choosing individual stocks seems like it's generally regarded as a bad idea around here. Are there any higher variance index funds that I could be considering? What about things like forex or options? I also looked into algorithmic trading, but that seems like it would take a significantly larger time commitment than I have. What about sites like lendingclub.com? Basically if you had a few thousand dollars that you didn't mind losing, what investments would you take a shot at?
My investment plan Hello all I wanted to share my investment plan here to get some advice and ask some questions. A little background about me I’m married have abo both still in college almost done and I’m 25 both have stable jobs. We have no real debt to speak of. I have been trading in forex for two years never have really loss or gained any returns. But I only invested only $200 just to put a toe in the water. I’m here not to ask for advice on buying a particular stock I know that’s not real welcome, I’m more here to gain more insight and to discuss my investment plan and take suggestions. However over the past couple of months I have grown more concerned of our finical future and began to think more on the lines of short(day to day) medium(5-10 years) and long (retirement) terms when it comes to investing. The way I’m thinking of breaking my investments down are in three ways: Long term (retirement) I’m thinking about doing a Roth IRA account, I do have a retirement account with my employer( that I really do need to check on I have not touched it since I opened it.) I’m not sure which broker I want to go with for a Roth IRA, however I do have a few questions about how the interworking’s work. I plan on wanting this option to be more hand off not much interaction however the most interaction every quarter. I know you’re supposed to feed money to the account during the year, but how much money do you need to open the account? Also does the money come from your Check when one gets paid or does one make the despots on their own from there bank account? Can it also be monthly deposits and can those be variable $50 one month $100 the next month or $0? Form what I have read its best to choose Index funds and not picking the stocks yourself, the indexes should give your IRA a good diversification. Or how should I invest it. Should I consider a Lazy portfolios like what is suggested here http://www.bogleheads.org/wiki/Lazy_portfolios ? I don’t want to rollover my current retirement account with my employer is there any negatives to having the retirement account with my employer and opening a Roth IRA and have two retirement account? I have looked at vanguard since it was recommend by investing for the longer term option, besides there low fees why go with them? I have look at their site they are currently a top contender. Also the suggestion from this thread (http://www.reddit.com/investing/comments/gfr26/i_have_5000_to_invest_but_i_know_nothing_about/ ) seems to be in line with what I have plan. Medium (5-10) years For medium term investments I’m thinking of doing dividend reinvestment plans and Direct Stock Purchase Plans. For this I have selected a company and I wouldn’t mind having this money tied up and the stock is cheap. http://www.coca-colacompany.com/investors/shareowner-services one can buy stock from them and the stock you directly hold and one gets paid dividends and they are reinvested. I will probably look at other companies as my capital grows but I was wanting to use Coca-Cola as a starting point for DRP and DSP. What does investing think? *Day to day * I do have experience in trading the forex market, never have really made anything and I have not blown an account. Here I’m thinking of just day to day trading, I choose forex over day trading stocks because it’s what I already know and placing each trade is cheaper than what I have seen when trading stocks. I know forex seems to be risky however what other day to day investment tool is not risky…. I don’t plan on putting a lot of money here just something to earn extra cash from. Gold and silver I also do over time however plan on buying physical gold and silver, I won’t put a lot into this but if the opportunity comes up and the above is being well funded and I have spare income I do plan on buy silver then gold. High interest online bank I see this mention quite a bit does investing have a compiled list? Or recommend a online bank? Summary So that’s my investment plan and questions. I’m sure some will find major holes in it but if you do all I ask is give your reason and a suggestion. Didn’t expect this be this long, but hey I gave a warning. I don’t expect one person to be able to answer all of these questions, so don’t feel like you have to just if you have something to say or suggest just chime in. If you have any questions just ask. Thanks for taking the time to read.
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