4ktvs wrote:JonE wrote:Nixon wrote:For all the talk of 50 cards a day, week, month. I'd like to actually see someone do that.
They are very few and far between, but I have seen it. Mostly in the MyFico approvals section.
As mentioned previously, I have added an Ally bank savings account, and will start posting recurring transfers to it from my Chase Checking starting next payday. I'll also be posting to my Chase Savings account (even though the rates stink) to keep some accessible money around, where the Ally bank will be my emergency fund. Next move is getting the 401k up to $1000 and establishing a brokerage account (looking at Scottrade or E*Trade, whatever is cheapest).
I would not fund a 401k if you plan on having a brokerage account. Cheapest isn't always best, I know of people who lost 10-20k going with the cheapest when it went under.(Though I doubt Scottrade or E*TRADE is going under just saying that incase you see cheaper options online) A 2008 like event could happen again and the last place I want my money is a locked down 401k or a broker who takes on too much risk to give customers the very cheapest rates.
You should look into the think or swim platform if you really want a powerful tool to trade with. Not much can come close to what it can do and would likely help with your trades.
I am hoping to trade futures but getting approved is hard when you have only traded stock options for a year or so. I hate just trading stock, it's boring as heck to maybe make %5 per month on your money. Options on stock are more fun when you can easily double your money in a week or less but then it can just as quickly go wrong. My advice for most people, don't buy puts/call options on stock. With the way most people think in a week they would go broke.
I found a few online brokers that look like they could be out of business tomorrow. Not going anywhere near that. Scottrade looks like it has the most potential. I only think of the brokerage on top of the 401k because there's a decent chance I could change jobs in 2016 (from security to law enforcement) and I'm looking to move that to an IRA with someone like Ally.