US stock market

[enbee]

Hi everyone

Thanks for letting us join


Im looking at investing in us stock market but dont know which online broker to use.

I use nab to bank and know you can buy off nab trade but the fees seem quite high

I will be buying bluechips approx 5 to 10 and holding long term not interested in day trading. Ill be topping up and reinvesting if i get any dividends


This is the first time ill be buying shares and appreciate all the help i can get.

Which site i the most safest and secure and cost effective for fees

Which sites are people using to buy there international shares and why

Sorry if this post has been done lately i couldnt find it on site.

Appreciate the help

Nick

 

[qldfrog]

It is relatively easy, safe with commsec via their int'l Pershing platform..BUT it is horrendously expensive, you do not have access to options there, and even the currency exchange is not great.
Ok if you buy a few packets and then do not trade much.
I tried IB and they managed to destroy my trust/faith in them in a week.
But some people are happy with them

 

[Sharkman]

my own perspective... do not treat as gospel, everyone has their own individual preferences for what they want out of a brokerage platform, YMMV, blah blah blah...

IB is great for frequent trading, especially options, where their brokerage rates beat the pants off basically every local Aust broker there is. i am one of those people who is happy with IB's services, have been trading thru them for 13 odd years now.

but i don't think they are suitable for long term buy & hold, even after they waived the minimum activity fees recently. their commissions are still better of course, but for long term buy & hold i don't really care about a few $ in commission, as i'm buying once and holding for years and years. i prefer the security of having long term assets held in a central depository instead of a custodian account, even though the risk of broker failure is negligible, it's just not worth it to me taking that risk to save a tiny bit of brokerage that's paid ONCE for a long term buy & hold and then forgotten about.

i use IB for short term options trading only, and keep my buy & hold international portfolio in NABtrade. i only hold ASX listed international ETFs though, not individual overseas stocks, and for those the brokerage is exactly the same as it is for ASX stock trades - $19.95 for $20K is the sweet spot (it's actually a higher % for trades above $20K), which also happens to be a convenient DCA size for me.

 

[enbee]

my own perspective... do not treat as gospel, everyone has their own individual preferences for what they want out of a brokerage platform, YMMV, blah blah blah...

IB is great for frequent trading, especially options, where their brokerage rates beat the pants off basically every local Aust broker there is. i am one of those people who is happy with IB's services, have been trading thru them for 13 odd years now.

but i don't think they are suitable for long term buy & hold, even after they waived the minimum activity fees recently. their commissions are still better of course, but for long term buy & hold i don't really care about a few $ in commission, as i'm buying once and holding for years and years. i prefer the security of having long term assets held in a central depository instead of a custodian account, even though the risk of broker failure is negligible, it's just not worth it to me taking that risk to save a tiny bit of brokerage that's paid ONCE for a long term buy & hold and then forgotten about.

i use IB for short term options trading only, and keep my buy & hold international portfolio in NABtrade. i only hold ASX listed international ETFs though, not individual overseas stocks, and for those the brokerage is exactly the same as it is for ASX stock trades - $19.95 for $20K is the sweet spot (it's actually a higher % for trades above $20K), which also happens to be a convenient DCA size for me.

Hi everyone

Thanks for letting us join


Im looking at investing in us stock market but dont know which online broker to use.

I use nab to bank and know you can buy off nab trade but the fees seem quite high

I will be buying bluechips approx 5 to 10 and holding long term not interested in day trading. Ill be topping up and reinvesting if i get any dividends


This is the first time ill be buying shares and appreciate all the help i can get.

Which site i the most safest and secure and cost effective for fees

Which sites are people using to buy there international shares and why

Sorry if this post has been done lately i couldnt find it on site.

Appreciate the help

Nick

Thanks for reply

 

[enbee]

It is relatively easy, safe with commsec via their int'l Pershing platform..BUT it is horrendously expensive, you do not have access to options there, and even the currency exchange is not great.
Ok if you buy a few packets and then do not trade much.
I tried IB and they managed to destroy my trust/faith in them in a week.
But some people are happy with them

Thanks for reply

 

[frugal.rock]

Very easy to start a Selfwealth broking account.
Works for Aus and US markets.
No options trading or other frills, very few bells or whistles.
Aus trades of any value cost $9.50 AUD
US trades of any value cost $9.50 USD

All to my knowledge, however I may be wrong. Please check it yourself if interested.
CHESS sponsored for Aus stocks.

 

[qldfrog]

Very easy to start a Selfwealth broking account.
Works for Aus and US markets.
No options trading or other frills, very few bells or whistles.
Aus trades of any value cost $9.50 AUD
US trades of any value cost $9.50 USD

All to my knowledge, however I may be wrong. Please check it yourself if interested.
CHESS sponsored for Aus stocks.

I will check the usd ...

 

[DaveTrade]

Hi everyone

Thanks for letting us join


Im looking at investing in us stock market but dont know which online broker to use.

I use nab to bank and know you can buy off nab trade but the fees seem quite high

I will be buying bluechips approx 5 to 10 and holding long term not interested in day trading. Ill be topping up and reinvesting if i get any dividends


This is the first time ill be buying shares and appreciate all the help i can get.

Which site i the most safest and secure and cost effective for fees

Which sites are people using to buy there international shares and why

Sorry if this post has been done lately i couldnt find it on site.

Appreciate the help

Nick

Enbee I'm using Saxo who have an office here in Australia. IB have an Australian office as well. I haven't had any problems with Saxo and not sure what commission is on buying stock as I'm an options trader, but all info is on their website. I'm pretty sure that you can trade anything with them, international stock. Australian stock, options, futures, forex, indexes and ETF's of course. I traded futures years ago and was caught in the MANfinancial mess. It took me years to get my money back, so when I started again in options I wanted a large firm that had a local Australian office.

 

[enbee]

Very easy to start a Selfwealth broking account.
Works for Aus and US markets.
No options trading or other frills, very few bells or whistles.
Aus trades of any value cost $9.50 AUD
US trades of any value cost $9.50 USD

All to my knowledge, however I may be wrong. Please check it yourself if interested.
CHESS sponsored for Aus stocks.

Thank you for reply

 

[mullokintyre]

Going on the theme that a picture (or chart in this case) tells a 1000 words, what do people read in the chart below?
Does the current level of the PE for the tech darlings look somewhat overbought?


The S & P 500 looks slightly less overvalued.
According to Guru Focus the Long term average of the 500 is 23.87, it is 1 sigma level above that.
This year alone, the P/E ratio has increased by 19%
I just don't see this as being sustainable.
Mick

 

[Bailxtrader]

Interesting?

 

[TimeISmoney]

Srewth!

Nvidia Surges After AI Sales Boom Shows No Signs of Letting Up​

Nvidia Corp. surged in late trading after delivering another eye-popping sales forecast, adding fresh momentum to a stock rally that already made it the world’s most valuable chipmaker.

Revenue in the current period will be about $24 billion, the company said in a statement

Wednesday. Analysts had predicted $21.9 billion on average. Results in the fourth quarter also sailed past Wall Street estimates.

 

[Bailxtrader]

US equities were mixed on Wednesday as investors continued to take profits ahead of Nvidia’s latest earnings report, while the latest FOMC meeting minutes dismissed any chance of an early rate cut.

The major indices in the US were mixed on Wednesday as traders continued to take profit as uncertainty continues around Nvidia’s latest earnings report, while Fed minutes reaffirmed that rates have most likely peaked, with there being no rush to pivot to cuts. In the latest Fed meeting, policymakers reiterated their stance that they did not expect rates will be reduced till they have “gained greater confidence” that inflation is moving sustainably towards the Fed’s 2% target. It is important to consider that these latest minutes do not take into consideration the most recent CPI and PPI readings, both of which came in firmer than initial forecasts, as the path towards a soft landing gets bumpy. Wednesday saw Fed Governor Michelle Bowan state that the current economic climate doesn’t warrant rate cuts, responding “certainly not now” when answering a question about rate cuts. Fed President for Richmond Thomas Barkin reiterated this stance, stating that despite the progress in reducing inflation, the recent economic data highlighted how price pressures are still too high.

In economic data, Thursday will see investors focus on the latest Chicago Fed national activity index, which is expected to show a small expansion. Investors will also be focusing on the latest jobless claims data, with initial and continuing claims forecasted to come in at 216k and 1884k respectively. The latest PMI data is scheduled to be released overnight, with markets expecting a small contraction in services.

At the close, the Dow Jones finished +0.13% higher, the S&P500 rose +0.13%, the Nasdaq Composite down -0.32%, with the VIX at 15.41. At the close, treasury yields were slightly higher, with the 2-year rates up 5.4 basis points to 4.668% and the 10-year up +4.7 basis points to 4.323%, while the US dollar edged lower by -0.07%.

 

[Bailxtrader]

https://www.reuters.com/markets/us/futures-dip-ahead-high-stakes-nvidia-results-fed-minutes-2024-02-21/

 

[Bailxtrader]

US Market Update...

U.S. stocks tumbled on technology weakness. Treasury yields finished lower as soft service-sector data kept alive prospects for summertime interest-rate cuts. Gold settled at a record high for a third consecutive session. The dollar weakened slightly. Oil ended lower as investors weighed China's new plan for its economy.

U.S. stocks tumbled as technology shares came under pressure, dragged down by Apple's continued slump, while investors remained cautious ahead of closely watched remarks by Federal Reserve Chair Jerome Powell and labor-market data.

The Dow Jones Industrial Average ended down 1%, the S&P 500 also shed 1%, and the Nasdaq Composite Index fell nearly 1.7%.

The session saw investors taking a cautious tone, with megacap tech stocks tumbling, dragging the market further from record highs reached over the past few weeks. Investors will brace for remarks from Powell - who is expected to deliver monetary-policy updates to the House of Representatives on Wednesday and to the Senate on Thursday - while listening hard for clues on the pace, timing and extent of any interest-rate cuts for the rest of 2024, said Quincy Krosby, chief global strategist at LPL Financial.

 

[Bailxtrader]

US equities were higher on Thursday as Powell continued to give insight on the path for rate cuts, while investors await the release of key economic data.

The major indices in the US were higher on Thursday as Fed chairman, Jerome Powell, signalled that policymakers are becoming more confident that inflation is falling closer to the 2% target, while investors prepare for the latest non-farm payroll data. On the second day of his testimony to Congress, Powell stated that the Fed were “not far” from reaching confidence to ease monetary policy, adding rate reductions “can and will begin” this year.

In economic data, Thursday saw the release of the latest jobless claims data, with the report showing continuing and initial jobless claims came in slightly above market expectations of 1880k and 217k at 1906k and 217k respectively. Investors will now shift their focus to the latest nonfarm payroll data, which is expected to show that 200k jobs were added over the month, with the unemployment rate remaining at 3.7%.

At the close, the Dow Jones was up +0.34%, the S&P500 was +1.03% higher, and the Nasdaq Composite rose +1.51%, with the VIX at 14.42. At the close, treasury yields were relatively lower, with the 2-year rate down 5.0 basis points to 4.503% and the 10-year down -1.7 basis points to 4.085%, while the US dollar was -0.53% weaker.

 

[Bailxtrader]

The market also had to digest plenty of near-term economic data to gauge the Fed's monetary policy trajectory.
U.S. job growth accelerated in February, Labor Department data showed Friday, but a rise in the unemployment rate and moderation in wage gains kept on the table an anticipated rate cut in June.
Investors are also awaiting U.S. consumer price data on March 12 for further clarity on whether inflation has eased enough for policymakers to lower borrowing costs in coming months.
"Continued normalization in wages coupled with a weak CPI print next week could increase the FOMC's confidence that inflation is on track to returning to target, potentially moving forward the prospects of rate cuts," wrote Jeff Schulze, head of economic and market strategy at ClearBridge Investments.

 

[Bailxtrader]

• Unemployment rate rises to 3.9%, wage gains moderate
• Broadcom down as FY forecast fails to impress
• Marvell falls on weak Q1 earnings forecast
• Indexes fall: Dow 0.18%, S&P 0.65%, Nasdaq 1.16%

March 8 (Reuters) - The S&P 500 and Nasdaq closed lower on Friday after touching record highs during the session, with high-flying chip stocks going into reverse and a mixed labor market report that showed more new jobs than expected with a rising unemployment rate.
The S&P and Nasdaq briefly hit intraday record highs but started to lose steam late morning. The Philadelphia Semiconductor Index (.SOX)

https://www.reuters.com/technology/...ors-over-ai-use-copyrighted-works-2024-03-10/
https://www.reuters.com/markets/global-markets-wrapup-1-2024-03-11/
https://www.reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-03-10/
https://www.reuters.com/markets/com...its-pause-ahead-us-inflation-data-2024-03-11/
https://www.reuters.com/business/en...e-demand-looking-more-investments-2024-03-10/
https://www.reuters.com/business/fi...n-capital-increase-investment-arm-2024-03-10/

 

[Bailxtrader]

US equities fell on Friday, with potentially the expiry of quarterly options contracts potentially contributing to weakness.

The S&P500 declined -0.65% along with the Dow Jones -0.49% and Nasdaq Composite -0.96% while the Russell 2000 rose 0.40%. Friday marked what is known as “triple witching” or the expiry of expiration of stock options, stock index futures, and stock index options contracts. In economic data on Friday, the latest University of Michigan consumer sentiment survey was in line with expectations at 76.5 compared to forecasts of 77.1.

On Monday, traders will turn their focus to the latest Canadian inflation data for February, along with US building permits for February. The Fed’s latest policy meeting is in focus on Wednesday, with no changes expected to the 5.5% interest rate while Jerome Powell’s press conference afterwards will be closely watching for clues on the outlook for rates. The latest PMI reports for March will follow on Thursday to round off the week.

 

[noirua]