So is a site like Robinhood is it as simple as signing up for an account with them and then you buy whatever stock you want to buy and they invest it for you to that stock? Also, I know when selling stock it goes through a process that ensures that you pay tax on the sold stocks but in the beginning do they look into your work to see how you get the funds to buy the said stock? Thanks so much.

I don't use Robinhood, but there are many (more reputable) brokerages you could use (Fidelity, Vanguard, Merrill, etc.), and my experience with the ones I've used is that they don't do any investigation into where your money comes from. So if you signed up at a brokerage and deposited 100k through ACH or bank wire or whatever, the brokerage isn't going to investigate where the money came from. Then you could take all or some of that 100k and invest it in TSLA or VZ or whatever dumbass stock you want to invest it in, and it will be very easy through an intuitive interface. Some brokerages won't let you trade options right away, and may not let you buy OTC stocks (small, illiquid stocks from smaller exchanges that are more likely to be scammy), but I think every major brokerage will let you buy basically any major-exchange-traded stock you want. I'll add that you have no idea what you're doing and you shouldn't be doing this, and that you should go to bogleheads or something and spend a few dozen hours reading about how markets work and why you have no advantage picking individual stocks.

Brokerages don't really involve themselves with income tax. They all report gross gains and loses to the IRS but it's up to you to report your actual gains based on cost basis.

The downside of using "free" trades is the slippage you pay for in the transaction, ie not getting the best price for executions due to financial incentives to route orders to firms that make their money pocketing the difference between the best market price and what you actually pay. There are best-execution rules to prevent this but they're full of holes.

Thanks so much.

I was thinking Apple is just a solid stock where over ten years I could make at least(i think) twice the money I invested.. Is it very stupid to be thinking like this about apple?


8) Thanks

Of course no one can predict the future, but I think you’re very likely to get a double up on Apple stock at today’s price with a 10 year timeline if that’s your goal.

thanks

you can buy fractions of shares on an app like CashApp for no fee I believe.

I recommend using a site called Etoro. They pay you your dividends and you own your shares on there. I used to own Apple and they paid me dividends every quater. I used to own Meta and I received communications directly from the company. I got in on that Gamestop mania for a while in 2020 and they allowed everyone to vote at an upcoming shareholder meeting. I couldn't recommend them enough. Robinhood are scum. During the Gamestop mania they lost their repuation for only allowing sell orders and no buys when they ran into liquidity issues. If you look at their income statments they are currently making massive losses. Stay away. Etoro is very profitable and your money in insured by the goverment.




The previous decade Apple, Meta, Google, Tesla, Bitcoin they went up like crazy. In my opinion that's not going to work at all this decade. All the fish have already piled into all of those and now they will be the bag holders over the next decade.

You want to own stocks like BHP, Freeport and Brystol Myers which aren't over owned by the donkeys and that will pay dividends in an inflationary environment .

Completely disagree on Apple—no opinion on the others

Of course it’s not at all likely to 50x like it did since the last stock market collapse, but they are making all the right long term maneuvers with services, manufacturing, and privacy.