Then you are still paying more fees and higher service charges when it comes time to withdrawal the money if you keep it in a 401K. I think the whole Brokeragelink thing is to dissuade people from switching to lower fee account types.
*Investors Blog*
- Thread starter Warstud
- Start date
Are you sure that you really want to sell anything right now???
HUH?
I see your point, but anyone sharp enough to set up Brokeragelink is not going to just keep it in their 401K after they leave/retire. Rollover to SD IRA immediately baby!!
Yes, Brokeragelink is good for an account for an existing employer 401K account that you can't rollover yet, yes.
Forgot about that situation.
DOW Jones all time high. Unemployment low. Inflation rate slowing.
So far, the recession forecast was flat-out wrong, and the benefits of high vs low employment are huge.
So far, the recession forecast was flat-out wrong, and the benefits of high vs low employment are huge.
All time high, AFTER paying my taxes. I sold a couple things. Like half my stake NYCB. Wow. That was quick.
I almost sold some covered calls last week. I'm beginning to wonder if I should do so soon.
Nothing wrong with taking some profits; you realize the gain and reduce risk.
If you need the $$, or can pay down some debt, that's a bonus.
I am not personally selling anything; I will meet with Schwab to see if they wanna cut some poor performing products.
I think my Ameritrade account is about to get converted to Schwab.
Mine went seamlessly - except Schwab's interface sucks.
Why am I going to hate Schwab? I've heard that a lot.
Economy is firing on all cylinders…
Finally read the message from Ameritrade. Moving to Schwab next May. They are certainly taking their time.
Next Stop - deflation 
Deflation is generally fueled by high unemployment. Overall demand is sky high; holiday spending might reach record levels. January might be a different issue...Next Stop - deflation
Personally I am enjoying the market's tech run. All time highs and my portfolio is tech heavy.
Deflation typically leads to high unemployment. High unemployment is the affect, not the cause. Deflation then often leads to more inflation (money printing).
I am enjoying the high stock market also, but your confusing the stock market with the real economy. The stock market is high due to predictions of future great earnings. Predictions aren't always accurate. Additionally, the run in the stock market as you inferred is fueled by AI. AI by definition is deflationary, and may lead to high unemployment - frictional, meaning not enough workers with the right skills.
Form your own opinions. Just giving you something to ponder.
First, you are 100% correct; the stock market is not the economy (but it greatly affects the economy). Apologies for implying that; it was just a good day all around.
Deflation is caused by a general drop in aggregate demand. Tightening of the money supply is a cause as long as output remains unchanged.
I should have said higher unemployment generally accompanies deflation because of declining demand, but the 2 affect each other. Deflation causes can include tightening of the money supply (but not always; our economy is an example), stock market decline, consumers choosing savings and certainly reduced government spending.
I appreciate your thoughts; you know a lot. And I certainly listen to them. All good.
Right or wrong:
https://seekingalpha.com/article/4657019-the-five-horsemen-of-deflation-are-returning
Written on Dec 9
https://seekingalpha.com/article/4657019-the-five-horsemen-of-deflation-are-returning
Written on Dec 9
Im tickled pink that I dumped my employee owned Wells Fargo stock early this week. NOT!
It's only gone up another 10% two days later. Let's see what happens today *LOL* Talk about timing, oh well, would have, should have, could have, I always hated this stock. I still did ok, but was waiting for one more leg up and just missed it!
(im only posting this because its nice to hear the not so great successes once in a while, we tend to hear only the good ones)
On the brighter side, I bought a lot of GM stock in my Roth at $29ish a share pre strike I think or during. Getting close to an unrealized 20% gain BUT too soon and not selling it yet... (yeah I know, Ill cry maybe in another week*LOL*)
It's only gone up another 10% two days later. Let's see what happens today *LOL* Talk about timing, oh well, would have, should have, could have, I always hated this stock. I still did ok, but was waiting for one more leg up and just missed it!
(im only posting this because its nice to hear the not so great successes once in a while, we tend to hear only the good ones)
On the brighter side, I bought a lot of GM stock in my Roth at $29ish a share pre strike I think or during. Getting close to an unrealized 20% gain BUT too soon and not selling it yet... (yeah I know, Ill cry maybe in another week*LOL*)
