Lowest costs for Trading the S&P 500 for 2 to 12 months
- spitthedog
- Is the World Outside still there ?
- Reactions: 124
- Posts: 5721
- Joined: Mon Feb 17, 2014 10:19 pm
Lowest costs for Trading the S&P 500 for 2 to 12 months
I've got a spreadbet account, but not sure it's
economical, for trading 3+ months, even on their quarterly bets, compared to other brokers or Index funds.
Interactive brokers fees look cheap, but are the Vanguard Index funds, or ETF's suitable for trading for 3 to 9 months ish?
Eventually, i guess i'd like to get an Index fund for the long term, and just let it roll for years, whilst i pyramid positions into it, compounding the return.
But i'd rather wait until there's blood on the streets for that.
economical, for trading 3+ months, even on their quarterly bets, compared to other brokers or Index funds.
Interactive brokers fees look cheap, but are the Vanguard Index funds, or ETF's suitable for trading for 3 to 9 months ish?
Eventually, i guess i'd like to get an Index fund for the long term, and just let it roll for years, whilst i pyramid positions into it, compounding the return.
But i'd rather wait until there's blood on the streets for that.
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
I have accounts with:
Merrill Edge
Interactive Brokers (IBKR)
TD Ameritrade
Etrade
Webull
Some other smaller brokers & robo advisors
I favor Interactive Brokers for the best margin borrowing rates. I don't think any other are close.
Webull allows trades from 4AM even for smaller value accounts. IBKR will allow 4AM also but only if you have a "pro" account, I forget the requirements for that. I have also traded Crypto in Webull.
Negative for IBKR is I don't like their website for trading. Trader workstation (downloaded program for trading from desktop) is fine.
(I have all those accounts for R&D purposes associated with my work, not really wanting to have them all as my taxes are a bitch so will be consolidating them soon)
Merrill Edge
Interactive Brokers (IBKR)
TD Ameritrade
Etrade
Webull
Some other smaller brokers & robo advisors
I favor Interactive Brokers for the best margin borrowing rates. I don't think any other are close.
Webull allows trades from 4AM even for smaller value accounts. IBKR will allow 4AM also but only if you have a "pro" account, I forget the requirements for that. I have also traded Crypto in Webull.
Negative for IBKR is I don't like their website for trading. Trader workstation (downloaded program for trading from desktop) is fine.
(I have all those accounts for R&D purposes associated with my work, not really wanting to have them all as my taxes are a bitch so will be consolidating them soon)
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"Those who can, do. Those who can't, teach. Those who can't teach, teach English."
Credit Jacked Camry & LTO
Credit Jacked Camry & LTO
https://www.optimizedportfolio.com/lowe ... s-brokers/
Looks like Robinhood is competing with margin rates. That's one of the brokers I haven't tried
Looks like Robinhood is competing with margin rates. That's one of the brokers I haven't tried
"Those who can, do. Those who can't, teach. Those who can't teach, teach English."
Credit Jacked Camry & LTO
Credit Jacked Camry & LTO
Wouldn't touch Robinhood with a 10 foot pole. Remember how they removed the option for retail to trade certain stocks to prevent losses for Citadel in 2021?GMJS-440 wrote: ↑Mon Jan 03, 2022 10:57 pmhttps://www.optimizedportfolio.com/lowe ... s-brokers/
Looks like Robinhood is competing with margin rates. That's one of the brokers I haven't tried
Yes, they stopped buy orders. Webull and IBKR did that too. All while supposedly protecting the free market.
PFOF brokers are all the same. IOU selling fraudsters the whole lot of them.
Why are people still trading stocks? An index fund doesn't even cover CPI inflation, let alone M2 inflation. I suppose they're ok if you're Morgan Stanley, but for the rest of us plebs, crypto platforms like Binance are surely much better.
Are there any brokerages in Cambodia the one can get an account at to buy US stocks? Specifically non western companies. Cambodia has not signed on to CRS.
What index fund are you referring to?Mradvice wrote: ↑Wed Jan 05, 2022 6:19 amWhy are people still trading stocks? An index fund doesn't even cover CPI inflation, let alone M2 inflation. I suppose they're ok if you're Morgan Stanley, but for the rest of us plebs, crypto platforms like Binance are surely much better.
"Time in the market beats timing the market."spitthedog wrote: ↑Mon Jan 03, 2022 8:56 pmBut i'd rather wait until there's blood on the streets for that.
I use Interactive Brokers for my "invest & forget about it" - trades, old school Warren Buffett-esque portfolio type stuff. At my age (still able to take fairly high risk, not retiring anytime soon!) I've throw about 20% into S&P500 and the rest I've hand picked, but very much letting the Sage of Omaha do my homework; wish I had more time to look into this type of stuff, but in reality it's a full time job, but I've already got one of those!
I use Capital.com for day trading when I can spend more time on it, but that's really "casino" money due to the leverage & frankly intraday movements ust throw you curve balls. Big wins, big losses if you don't use it correctly. I wouldn't recommend it for amateurs to be frank.
Throw yourself a portion into Ethereum if you need 'safe' crypto, stake it if you don't need to be able to convert it back to cash quickly, thenyou can earn interest (4.5%) on it also whilst riding the crypto bubbleverse. I dabble in other shitcoins for fun, but again that is "casino" money. I just use Coinbase for that stuff, I'm no crypto-nerd trying to find the next Dogecoin before it goes to the moon for sure. Slow & steady wins the race.
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Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
- spitthedog
- Is the World Outside still there ?
- Reactions: 124
- Posts: 5721
- Joined: Mon Feb 17, 2014 10:19 pm
Cheers,Spigzy wrote: ↑Wed Jan 12, 2022 1:22 pm"Time in the market beats timing the market."spitthedog wrote: ↑Mon Jan 03, 2022 8:56 pmBut i'd rather wait until there's blood on the streets for that.
I use Interactive Brokers for my "invest & forget about it" - trades, old school Warren Buffett-esque portfolio type stuff. At my age (still able to take fairly high risk, not retiring anytime soon!) I've throw about 20% into S&P500 and the rest I've hand picked, but very much letting the Sage of Omaha do my homework; wish I had more time to look into this type of stuff, but in reality it's a full time job, but I've already got one of those!
I use Capital.com for day trading when I can spend more time on it, but that's really "casino" money due to the leverage & frankly intraday movements ust throw you curve balls. Big wins, big losses if you don't use it correctly. I wouldn't recommend it for amateurs to be frank.
Throw yourself a portion into Ethereum if you need 'safe' crypto, stake it if you don't need to be able to convert it back to cash quickly, thenyou can earn interest (4.5%) on it also whilst riding the crypto bubbleverse. I dabble in other shitcoins for fun, but again that is "casino" money. I just use Coinbase for that stuff, I'm no crypto-nerd trying to find the next Dogecoin before it goes to the moon for sure. Slow & steady wins the race.
Interactive brokers beats ETF's like SPY, aswell then, for cost??
Buffet recommends the Vanguard Index funds for S&P iirc. Haven't really looked into it, since got Covid though.
Just wondered about tax benefits if investing overseas?
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
No taxes on crypto in Portugal. +2
No idea sorry, I never sweat the small stuff unless somebody throws up a huge red flag on a provider; just wanted to get on the train instead of looking at the timetable at the station wondering if it is the right one. (I've come unstuck on that approach before, but Whitstable was quite nice anyway!! )spitthedog wrote: ↑Wed Jan 12, 2022 5:42 pmInteractive brokers beats ETF's like SPY, aswell then, for cost??
Re: the S&P fund to get on, agree I've heard Vanguard being the main choice for most - but for some reason on my IB I couldn't get on it, so I ended up plumping for the Invesco S&P500 which again is pretty much the same thing for all intents and porpoises.
Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
It’s worth noting that S&P 500 gains are made in the after hours. Rather than choosing the cheapest broker, you may want to use one that allows AH trading instead. The potential gains made in AH covers the cost of not using the cheapest broker.
A study shows that the price is pumped in AH and deliberately dumped at market open.
https://arxiv.org/pdf/2201.00223.pdf
A study shows that the price is pumped in AH and deliberately dumped at market open.
https://arxiv.org/pdf/2201.00223.pdf
The world’s stock markets display a decades-long pattern of overnight and intraday returns seem- ingly consistent with only one explanation: one or more large, long-lived quant firms tending to expand its portfolio early in the day (when its trading moves prices more) and contract its portfolio later in the day (when its trading moves prices less), losing money on its daily round-trip trades to create mark-to-market gains on its large existing book. In the fourteen years since this extraordinary pattern of overnight and intraday returns was first noted in the literature, no plausible alternative explanation has been advanced. The main question remaining is therefore which of the few firms capable of profitably trading in this manner are guilty of having done so. If any of this is news to you, it is because the people you trust to alert you to such problems still haven’t told you.
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