Talking stocks, trading, and investing in general

[greekgeek]

Nice, will give Schwab a whirl. Fidelity App is nice too, use it for retirement accts. Need to download Vanguard have only used the web.

 

[otc]

I use schwab for the investor checking account which meant I used their brokerage a bit (which is exactly what they want you to do!)

It seemed fine?

I have my Roth IRA at TD Ameritrade, so probably a net improvement to me--get them all in one place. I make like 3 transactions a year so not a big deal. Biggest annoyance will be figuring out where on the website you do a backdoor Roth.

 

[jbarwick]

Vanguard app is garbage so I usually use the website. It may have improved but being an early user of it when it was bad made me not go back

 

[Omega Male]

Big if true, random bank analysts.

 

[brokencycle]

I wish AI would wipe out the pay of banking analysts.

 

[jbarwick]

EconTalk had one of these AI doomsayers either last week or the week before on the podcast. I still don' see how AI goes from an algo to killing you. What was discussed in the podcast was very science fiction sounding and maybe it could work at some point, I am just too much of an idiot to understand.

 

[brokencycle]

EconTalk had one of these AI doomsayers either last week or the week before on the podcast. I still don' see how AI goes from an algo to killing you. What was discussed in the podcast was very science fiction sounding and maybe it could work at some point, I am just too much of an idiot to understand.

You're not: it is just finance bros who think they are smart and understand technology that are the idiots.

 

[jbarwick]

You're not: it is just finance bros who think they are smart and understand technology that are the idiots.

I don’t think this guy was a finance bro but the one part I agreed with was some AI would trick a human into helping it and the AI would kill that human somehow.

Sounds like I am agreeing with him but it would be because the computer says to drink cyanide or something

 

[brokencycle]

I don’t think this guy was a finance bro but the one part I agreed with was some AI would trick a human into helping it and the AI would kill that human somehow.

Sounds like I am agreeing with him but it would be because the computer says to drink cyanide or something

That's an interesting take. There was an article a few months ago about a guy getting fired at Google because he was convinced the AI was sentient and refused to let it go even after the larger committee said no.

The question would be why am AI would do something like your scenario though.

I'm just honestly tired of hearing all these pop layman takes about AI. I work in tech and a lot of what we do is interrelated and certainly driving a lot of business for us. There's a lot of cool innovation, but the popular media stories are just so often so wrong.

Plus, chatgpt does not really impress me in the same breathless reporting goes.

My coworker asked me a question the other day, so I gave him an answer that I prefaced with "that's a really hard/complicated question without enough data available to say with certainty, but...." He sent me the chaptgpt answer and it was awful because it didn't answer the question although to a layman it seemed to.

 

[lawyerdad]

I don’t think this guy was a finance bro but the one part I agreed with was some AI would trick a human into helping it and the AI would kill that human somehow.

Sounds like I am agreeing with him but it would be because the computer says to drink cyanide or something

No better way to own the libs than drinking cyanide.

 

[Omega Male]

Great, long, read.

The United States of Bed Bath & Beyond

A grown man made a wager. He lost. He made another wager. He lost again. End of story. - Tony Soprano This is the story

www.epsilontheory.com

 

[gettoasty]

I think I followed the note for the most part. What caught my attention was the author's POV on CFO/FCF, which resonated with me when thinking about individual investors or working within the personal finance planning space, examining income statements of households. Subsequently, determining the tradeoffs in spending and savings to achieve desired outcomes.

Cannot say I knew every single word as I am a very vanilla investor i.e., 401k, IRAs, HSAs and using broad index funds. Tried my hands several years ago trading on Robinhood and got annoyed within a year, closed it, and walked away.

Forwarding this to my brother who on the other hand got into meme stocks like GME. Circling back with him on his positions with this story. Curious to hear where he's at financially per se.

edit:
How Susceptible Are You to the Sunk Cost Fallacy? https://hbr.org/2021/07/how-susceptible-are-you-to-the-sunk-cost-fallacy (I scored a 6)

8 question quiz

Interactive: How susceptible are you to the sunk cost fallacy? - Blog

Hat tip to Ryan for pointing out this 8 question quiz that tests your susceptibility to sunk cost. Here's one of the scenarios that your students will encounter: After they answer all 8 questions, they will be given their results.Here's an example: ----------------- Now it's time for some...

www.ngpf.org

 

[greekgeek]

I think I followed the note for the most part. What caught my attention was the author's POV on CFO/FCF, which resonated with me when thinking about individual investors or working within the personal finance planning space, examining income statements of households. Subsequently, determining the tradeoffs in spending and savings to achieve desired outcomes.

Cannot say I knew every single word as I am a very vanilla investor i.e., 401k, IRAs, HSAs and using broad index funds. Tried my hands several years ago trading on Robinhood and got annoyed within a year, closed it, and walked away.

Forwarding this to my brother who on the other hand got into meme stocks like GME. Circling back with him on his positions with this story. Curious to hear where he's at financially per se.

edit:
How Susceptible Are You to the Sunk Cost Fallacy? https://hbr.org/2021/07/how-susceptible-are-you-to-the-sunk-cost-fallacy (I scored a 6)

8 question quiz

Interactive: How susceptible are you to the sunk cost fallacy? - Blog

Hat tip to Ryan for pointing out this 8 question quiz that tests your susceptibility to sunk cost. Here's one of the scenarios that your students will encounter: After they answer all 8 questions, they will be given their results.Here's an example: ----------------- Now it's time for some...

www.ngpf.org

Damn, looks like I am fcked. Scored an 18 on the HBR, highly susceptible. Index funds for me!

I totally recognize some of it (mostly outside investing) but, I'll be damned if isn't difficult to overcome on a case by case example.

 

[Fueco]

I got 3…

TWSS

 

[ValidusLA]

I got 3…

TWSS

Also got a 3