BErline's Account Talk

[Mista_Magee]

Is anyone using Merrill Edge to trade ETF's outside the TSP? Looks like is you have +$25,000 is your account, you'll get 30 free trades a month. I know for some of you, you're making far more that 30 trades a month (15 buy+sells). To save for instance $6.96/trade, this can save over $200/month... That could be almost 1% of your account, thus it seems like a good deal/service.

Any thoughts? Reasons that Merrill Edge is not such a good idea?

Birchtree uses Merril Edge. You might want to direct your question to him.

 

[RealMoneyIssues]

Birchtree uses Merril Edge. You might want to direct your question to him.

I thought so, but I didn't want to dig through his huge thread to find it (although a decent search should have found it) and verify before I pointed him in that direction.

Thanks !!

 

[berline]

http://www.reuters.com/article/2012/01/23/eu-iran-sanctions-idUSL5E8CN0JV20120123

[h=1]UPDATE 1-EU readies ban on Iran oil imports, central bank sanctions[/h]

What do you think? already built into the market? I think this may have something to do with curde oil being up almost 0.75% after hours.

 

[RealMoneyIssues]

http://www.reuters.com/article/2012/01/23/eu-iran-sanctions-idUSL5E8CN0JV20120123

[h=1]UPDATE 1-EU readies ban on Iran oil imports, central bank sanctions[/h]

What do you think? already built into the market? I think this may have something to do with curde oil being up almost 0.75% after hours.

Could be giving the markets a boost too as that came out about 0530 EST and the futures markets (/es) shot up from 1306 to 1314... could be an interesting day, too bad I will sleep through it

 

[Birchtree]

I invest through Merrill Edge on margin - and I was forced to do some considerable selling last fall and now I will have to pay the taxes on my profits. I plan to stay on margin for several more years because the potentials are so sweet. Remember margin interest is tax deductable and helps offset my dividend income.

 

[berline]

Could be a shaky day today. Pre-market has the Dollar up a quarter percent and the Euro down almost a half percent. Crude oil has been down as much as 1 percent. we'll see what today has to offer. More importantly, we'll see how today’s volume plays out.

 

[berline]

Just some thoughts...

Please, feel free to correct me if my thinking is skewed.

I know everyone is focused on Greece and there are talks/worries about the Middle East as well. If Iran gets crazy or these sanctions really start to have an impact, than the cost of oil would increase. If oil increases, so does everything else (driving, shipping, shopping, etc). If the cost of everything increases, this has a negative impact on the economy, thus the market would see a pull back. If my thoughts are accurate, would this be immediate/short-term, or is it more of a "several months later" kind of thing?

In the end, I don't care if the markets go up or down, I just want to be on the right side.

 

[WorkFE]

In the end, I don't care if the markets go up or down, I just want to be on the right side.

Don't we all
Energy cost most assuredly affect the market and being in or out as news develops is important. It effects the bottom line which determines a companies profit or loss. It is one piece that must be monitored.

 

[berline]

Ahmadinejad: Major nuclear announcement expected within days

Ahmadinejad: Major nuclear announcement expected within days - CNN.com

 

[berline]

Assuming the I-Fund doesn't take a beating today and tomorrow, the "10 Month Modified Simple Moving Average" system should flip to a buy signal. accordingly, this would mean 100% S-Fund. we'll see how these next two days play out.