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BottleRocket

Certifiably Surly
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Posts posted by BottleRocket

  1. A 'friend' needs hundreds of gold and silver coins apprised and sold.  These are "standing liberty" 20 dollar gold coins from 1900-1920's as well as Mexican gold coins.  This is all being done legitimately through a family corporation and needs to be professionally inventoried, valued, and sold.  They need three independent appraisals to satisfy family shareholders.  Does anyone know how to go about this?  This doesn't sound like something you do at the local pawn shop.  Thanks.

  2. TwiceHorn - last year I decided I'd turn over my IRA to Fidelity to manage for a 1% fee.  Otherwise I'd be in one of their accounts like the Fidelity Freedom 20xx (insert year here).  Am I throwing 1% away unnecessarily?  That's 1% of my account balance per year to be clear.  My manager has called me twice since the Covid volatility and assured me that my account was outperforming the "whatever the hell comparison he was making" baseline.  He's young and would likely be selling cars if not working for Fidelity.

  3. 20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance.  

    Like so many others, Kearns took up stock investing during the pandemic, signing up with Millennial-focused brokerage firm Robinhood, which offers commission-free trading, a fun and easy-to-use mobile app and even awards new customers free shares of stock. During the first quarter of 2020, Robinhood added a record 3 million new accounts to its platform. As the Covid-19 stock market swung wildly, Kearns had begun experimenting, trading options. His final note, filled with anger toward Robinhood, says that he had “no clue” what he was doing. 

    In fact, a screenshot from Kearns’ mobile phone reveals that while his account had a negative $730,165 cash balance displayed in red, it may not have represented uncollateralized indebtedness at all, but rather his temporary balance until the stocks underlying his assigned options actually settled into his account.

    https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/#72d305d71638

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  4. My 17 year old nephew and his dad want to build an AR together and asked me for resources on where to start. This will be a plinking ranch rifle. I suggested they start at the Palmetto website to look at all the options and price ranges. How would you guys suggest they proceed. Neither know much about firearms except for basic range safety that they got in Boy Scouts. Money not really an object but I would guess $600 would be about the sweet spot.

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