Anyone here have thoughts on XLK vs SPY?? Right now I have SPY buy I'm thinking of selling it all and getting XLK instead. They move pretty similar except XLK goes up more

@Zyzz ^^

@ThisIsChris I dont have a firm convictions on Tech one way or the other. Generally speaking it is a good sector to get into as I think productivity gains in the economy (something we really havent had much of since pre-recession) are long overdue and lower amounts of immigrants (esp. in low skill occupations) will drive that. Sectors I think will do well are financials, industrials, and energy amongst others

@ThisIsChris I'm taking it on Friday. Feeling ok about it because it's mainly the same info as the 7. Stuck on requirements for registration and termination. Was your father a day trader?

@SamanthaM No, and now that I think of it he may have just taken the 7, I don't remember. It was something he did about 15 years ago just because he's been passionate about the stock market, but he was a school teacher. Idk if it's weird to not be a professional trader and be active in the stock market, but I remember sitting on his knee as a kid and he'd show me the charts and stuff on Ameritrade or something at the time. Ameritrade, TD, not sure now

He's actually retired now and does a little currency trading for a few hours in the morning

@Zyzz >I dont have a firm convictions on Tech one way or the other. Generally speaking it is a good sector to get into as I think productivity gains in the economy are long overdue and lower amounts of immigrants

Also, tech is the least regulated sector by far.

The equity market P/E ratio keeps climbing higher and higher

NVDA hit 230 today. I was reading a bunch of analyst reports on NVDA, the highest prediction I read was 230. I'll have to go back and see if the reasoning looked sound or if it was just dumb luck

@here just a generic and friendly reminder to not risk money you can't lose. Also that no one here has a crystal ball and unforseen risks can arise.

What banks don't echo?

lehman brothers used to be known as the catholic investment bank

Wells Fargo looks safe

@Zyzz are you sure you aren’t talking about Merrill Lynch

@Rogue#0890 join a credit union that’s part of the co-op network

@Rogue#0890

@Deleted User I could be mistaken but I do believe it was Lehman

I do all of my banking online with Fidelity Investments.

Their debit card waives all ATM fees

And I use AmEx BlueBird if I ever need to do cash deposit (rarely)

Fidelity was founded by Edward Johnson and still maintained by the family.

https://youtu.be/PUu3IH_tvt0

Amazon's Intrinsic Value https://seekingalpha.com/article/4138353?source=ansh $AMZN

@Deleted User Could you explain the pros and cons of a Credit Union over a bank?

As a member of a credit union, you are a part owner in the institution and it is not for profit. Better rates as well and it still has deposit insurance. https://www.moneycrashers.com/why-credit-unions-are-better-than-banks/. @John O -#7072

I've never not used credit unions

Those are the basics. For everyone else, essentially you get better rates and customer service because off the non profit coop structure

Any suggestions for making some extra money on the side in college apart from a basic entry-level job? At the moment I'm doing the max credit hours for my university plus a job at a library making minimum wage, but I'm curious if there's any other options to remedy the stereotypical "broke college student" issue.

@Marseille I'm hesitant to suggest manual labor to a woman, but stuff like cutting grass is pretty easy, and especially rn when it's not hot out, not very exhausting

@Marseille apply to call center jobs online, there might be one in your area. I got a job during last semester at a call center making $17 an hour. If you get it, drop the low paying student job. Call centers love college students because they’re ok with short term assignments, are educated, can speak well and follow a flow chart, and don’t have to pay them benefits.

Also, any money made right now will be insignificant in a few short years. Make sure the GPA is solid and that you’re networking regularly. Practice interviewing, polish resume, get good summer internships, get to know job recruiters from your target companies, attend multiple career fairs. Prep work now could get you a signing bonus or a salary offer that blows away all the part-time work you’re doing now.

Source: Engineering degree in 2010, MBA graduate last month

@Marseille I have to agree 120% with @Tanner - SC here. Economically any work you do now actually works against you in the long run. If you're not studying for better grades, "work" by networking, which can even be as simple as participating in college clubs relevant to your future career. The kids I knew who worked the least (often not at all) in college are now the ones making the most, because they were able to dedicate their college years into investing in themselves. I have a strong suggestion that is going to be controversial if I don't make a certain nuance clear: i strongly suggest taking out loans and using credit cards to finance your *personal consumption* as much as possible. The nuance is that I am not saying to take out money for tuition (though you may not have a choice in that), but your personal consumption as a single college student is going to pale in comparison to the paychecks you get from a well paying job after you graduate.

@ThisIsChris I've heard a lot of that from acquaintances. They're living really well and waiting to pay it off later, which obviously can be an issue if you're living far beyond your means, but the idea is there.

Thank you guys.

Tfw an apprentice and my school is my job

@Deleted User How's that going?

Good

If you ever need help, let me know. I still have a ton of notes.

Thanks brother 👌🏻

My classes don't start till August to be fair