View Single Post
Old 09-22-2020, 05:08 AM   #10 (permalink)
RedDevil
Master EcoWalker
 
RedDevil's Avatar
 
Join Date: Dec 2012
Location: Nieuwegein, the Netherlands
Posts: 3,998

Red Devil - '11 Honda Insight Elegance
Team Honda
90 day: 49.01 mpg (US)
Thanks: 1,711
Thanked 2,245 Times in 1,454 Posts
Quote:
Originally Posted by freebeard View Post
Quote:
Originally Posted by RedDevil View Post
Meanwhile I have been investing in TSLA.
How do you do that? I've told Arcimoto if I could walk into their office and trade cash for shares I'd do it. Do you use a broker, or is it all in the cloud?
I first used the trade options in the online portal of my bank (ING). But after the stock split and I expected many transactions per week the cost there ($4 per trade + 0.25% of the share price) became prohibitive.
So I found an online broker (Degiro, aimed at the Dutch market) which only asks about $0.50 per trade.

I still hold the remainder of my stock at ING - the sleeping part that I will not likely touch. Degiro has the shares I am willing to trade with. If that broker was to fail I might lose that (even though there are warranties to protect the clients, but you never know); the ING-held shares are as safe as the bank - or safer still.

Of course if you want to invest you have to find a broker that suits your own needs. Here is a starting point and here's Arcimoto's stock (FUV).
I don't know whether investing in TSLA is wise right now. A year ago it definitely was since it went up 10 times in a year. But it is almost guaranteed to be quite active with lots of swings so you might plan to generate money from that tidal motion, like I do.
Likewise Arcimoto shot up 5 times since March.

Yesterday TSLA opened around $445, then spiked down to $408 and went up again to $449. I automatically bought one share at $416 and sold it again at $436, a $19 profit after transaction costs.
All the time my stock remains worth just above $8,000.

The stock movement in the coming few days will be interesting.
__________________
2011 Honda Insight + HID, LEDs, tiny PV panel, extra brake pad return springs, neutral wheel alignment, 44/42 PSI (air), PHEV light (inop), tightened wheel nut.
lifetime FE over 0.2 Gmeter or 0.13 Mmile.


For confirmation go to people just like you.
For education go to people unlike yourself.

Last edited by RedDevil; 09-22-2020 at 05:24 AM..
  Reply With Quote
The Following 2 Users Say Thank You to RedDevil For This Useful Post:
freebeard (09-22-2020), redpoint5 (09-22-2020)