#brokerages

[cheaphousespending]

Could the same happen to digital stock brokerages?

Could the same happen to digital stock brokerages?

In the light of FTX’s collapse, a lot of blame has gone towards the lack of regulation, governance controls, and the ways that its founder-CEO used its customer funds. A number of you have been asking me, could the same happen to digital stock brokerages? Are the stocks or cash holdings in your account safe? This article explains that, and delves into the differences in controls that digital…

[bitchesgetriches]

Hi BGR,

I want to get involved in investing but don't know if I should do a IRA(probably roth bc I'm only 20 and a student/working part time) or if I should just go for a normal brokerage account. Ideally, the money will go towards retirement in the very end, but I'm worried if I'll ever need the emergency funds for something and not be able to access them if they're in an IRA. Thoughts?

Why not both?

Personally, I'd start with a Roth IRA. It's tax-advantaged, which means your money has the potential to go a lot farther. Thought you're right that a non-retirement brokerage account is easier to access in the event of an emergency. So here's your order of operations, precious:

Establish an emergency fund. Here's how.

Open a Roth IRA. Here's how.

Open a brokerage fund and start splitting your investments between it and the IRA. Here's how.

Good luck, precious child!

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[brokerplushreal]

school.... sounds disgusting

[newyorkthegoldenage]

Apparently undaunted by the recent Wall Street disaster, a brokerage house at 55 Broadway installed this new ticker, December 5, 1929. It was designed to handle multi-million trades a day with ease.

Photo: Bettmann Archive/Getty Images/Fine Art America

[hasdrubal-gisco]

anyone else notice how a lot of real power has been returned to the modern equivalent of the priestly caste after having spent about two centuries in the hands of industrialists and landowners, returning to a social order resembling feudalism more so than early capitalism ?

[walking-metaphor]

[omendrawsrandomly]

I have this hyper fixation of the Lamb and Narinder from Cult Of The Lamb and there's a sale going on that ends on March 10 and today is March 4...

I AM A BROKE COLLEGE STUDENT who vowed to actually budget my money and use it wisely-

BUT when a Cult of the lamb is on SALE of having a 35% off discount in steam—

. . .

I WILL DO WHAT NEED TO BE DONE...

IM OFF TO GO TO WASTE MY MONEY JUST FOR LAMB TO MARRY NARINDER🏃🏻‍♀️💨

..I will speed run the game if I have to.....

...I shall also then make fan art of them...

[kabhi-kabhi-aditii]

pov: you just lost a friend

i-i dont know how to begin this time, i mean this was supposed to last you were supposed to last we were supposed to last

i mean- what am i to do with our promises? our inside jokes? our plans? our conversations? our bucket-lists? our dreams? with everything that we planned

everything that we planned will just become a distant memory in my life

you were meant to stay, weren't you?

we knew, forever is a myth so we wished just to remain friends til the end

but you just ended it, didn't you?

[medjoul]

Betty Davis by Robert Brenner

[jacksprostate]

gaining inspiration for writing the narrator by wandering his habitat

[cattythespy]

Still chuckling over "That man insists on making contracts through the guild" about Chilchuck.

[seomarine]

" the developers are pushing for it to finished by the new year but judging from the current state, it'll most likely require more time. "

[bitchesgetriches]

Patron Bitches of Bounty,

What do you know about brokerage accounts? Are they better than HYSAs?

Thank you!

Arise, o noble supplicant, and receive your answer from on high.

The difference is between investing in the stock market (brokerage accounts) and putting your money in a cautious savings account (HYSA/high yield savings account). And the answer all depends on your tolerance for risk.

The stock market comes with more risk. But that also means more reward. I have made far more money in interest by investing in my brokerage account than I have by saving in my HYSA. But the money in my HYSA is relatively safe, even if the return is lower. I have both kinds of accounts, which I recommend to everyone. Here's way more detail on our main site:

{ MASTERPOST } Everything You Need to Know about Investing for Beginners 

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[roseband]

....his parents retired w/o a full retirement plan

........and have been going on vacations on credit cards while eating cup noodles to keep up appearances

................cause they thought they could shame us into giving them a 2k a month allowance

.........................cause it's "not fair" my mom retired at 53 w/ cancer, and they should retire at 53 too (she pulled her pension w/ a 20k/year penalty cause her immune system is too bad to be in a classroom)

....and they think we're paying for her retirement cause how can a "single mother" have that much money (which uh, we do sometimes help her with physical things cause mastectomy affected her right arm strength, but she's by far financially independent and i have to pressure her to /not/ give me money)

errrrrr i hope the crash is delayed by two years so his siblings are both adults, but i think this crash out is gonna be hilarious 😂 i feel mean????

like i thought it was his mom lying once they retired uh no....they just decided to stop working without a real plan uh, that's not being retired that's being a bum?

[newyorkthegoldenage]

This is what ticker tape really looked like, March 26, 1942. The stuff pouring out of the machine for a clerk at Merrill, Lynch, Pierce, Fenner, and Beane is like something out of a cartoon—I can see it going and going until it fills up the room.

Photo: Robert Wands for the AP via Money Review