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General Discussion => Welcome and General Discussion => Topic started by: deek on February 04, 2020, 07:57:46 AM

Title: Who has a stock app? Any real benefit to you financially/educationally?
Post by: deek on February 04, 2020, 07:57:46 AM

I just created a TD Ameritrade account and downloaded the app, mostly because I want to learn more about stocks. I started with $50 in my account just to open it, but I can just as easily close it if I find out there's really no benefit to having it.

Already have a 401k and another IRA through Vanguard, so I'm not sure there's a need for it, but if I can learn some things using that app, or learn things after buying a few stocks here and there, I'm all for it! It's a cash account, not a retirement account. Thoughts?

Title: Re: Who has a stock app? Any real benefit to you financially/educationally?
Post by: Assetup on February 04, 2020, 08:31:26 AM

I don't think you'll really learn much from using a mobile app.  I'd read through jlcollinsnh stock series( https://jlcollinsnh.com/stock-series/ )You'll get way more information from that and not have to reinvent the wheel for yourself

Sent from my moto g(6) plus using Tapatalk

Title: Re: Who has a stock app? Any real benefit to you financially/educationally?
Post by: BMP2CPM@gmail.com on February 14, 2020, 08:28:55 PM

Off topic, but if you have the patience and time, read every book, every edition by Benjamin Graham.

Graham was Warren Buffet's mentor and you can even buy two different versions of his college text book. You can get these book used probably very cheap.

You will learn stock fundamentals that most analysts have long forgotten.

In my opinion, the best way to learn stocks. Investing doesn't get more moustachian than buying stocks under book value.

Title: Re: Who has a stock app? Any real benefit to you financially/educationally?
Post by: TomTX on February 15, 2020, 06:54:39 AM

Quote from: deek on February 04, 2020, 07:57:46 AM

I just created a TD Ameritrade account and downloaded the app, mostly because I want to learn more about stocks. I started with $50 in my account just to open it, but I can just as easily close it if I find out there's really no benefit to having it.

Already have a 401k and another IRA through Vanguard, so I'm not sure there's a need for it, but if I can learn some things using that app, or learn things after buying a few stocks here and there, I'm all for it! It's a cash account, not a retirement account. Thoughts?

That's a pretty ineffective way to "learn about stocks"

Low cost, broad-based index funds. Buy and hold. Don't try to time the market.

For more details follow the earlier suggestions (not the "stock app" scam guy with 1 post)