What is investing strategy for fintech folks instead of stocks due to FINRA restrictions?
Trying to see what ppl are investing to build wealth. While stock market is on fire but due to FINRA we can't buy and sell what we want to. Let's help each other with sharing investments strategy. Realstate Crowdfunding 401k Stocks portfolio through Robo advisor #personalfinance #investments #realestate #crypto
Usually they will let you buy mutual funds, so just buy into the s&p 500
Make sense but don't like the fact I can't sold even when there is a good time.
Don't try and time that market. Buy and hold.
You can buy and sell e-mini futures contracts since futures are commodities (it’s basically equivalent of buying calls on SPY). If you stick to commodities you should be good...
I spent a decade saving for, and buying, my starter apartment because I couldn't invest in the stock market. Then my company's regulations relaxed and I was able to invest in mutual funds and listed stocks, which is where I put my savings now. No options or margin or short selling or anything exotic at all.
Citi trading policy considers crypto out of scope, but is pretty heavy handed for almost everything else. Between that and the prohibition on outside business activities / directorships that really limits your options. Technically you can request authorization for trades but it requires review and approval for buys and sells from your management and internal risk controls. In practice this means long term investing is tolerated, but discouraged outside of managed accounts. Short term trading isn't feasible. And the scope is anyone in your household not just you or your spouse that you need to share portfolios with the firm to monitor trade activities and get clearances for before trading.
What are the restrictions on the stock market exactly? Are you allowed any discretion at all over what stocks you own? If no I would say just buy and hold crypto. It will go way up in value and you'll eventually be able to spend it and therefore keep it offline and therefore evade taxes completely. IRS will never know about it.
Never gotten a chance to get in to any sweet deals. Any quality stock is restricted when there is a time. What crypto you heavy on and what exchange you use as brokerage.
Anything but BTC is good. When BTC goes up most other crypto gains against BTC, and loses against it when BTC goes down. BTC is going up so you're better off owning other crypto. Look up specific pairs to see which have been the historically best performers against BTC. I would get a mix of 10 or so, choose the ones that have sex appeal potential like TRON and XRP, I'm not really following crypto that close right now but I'm sure there's some other cryptos that have meme potential, just buy and hold those and they will go to mars within a few years. Don't buy DOGE though, it's literal dogshit. Buy something with a semblance of potential utility.