Online Stock Trading

Many years ago I worked on the personal management merit badge as a Boy Scout. One of the things I remembered is answering the question of what to do with $100 or some similar amount of money. I had to describe the various places to put that money and the expected outcome. The two choices that stood out most at the time were keeping it under your mattress or putting it in a savings account. The idea was to get the young boy to think about interest and that putting money in the bank is much better than putting it under a mattress. Last year I looked at my bank statement and noticed that I am not getting very much interest on my savings account and so one of my New Year's resolutions is to take a more active role in investing my money. There are lots of places to put your money and I remember them from my Boy Scout days.

My merit badge counselor was a life insurance salesman and he extolled the virtues of various life insurance products. I took his advice right after getting married and I have a great policy that allows me to borrow against the cash value in the event I need some extra money. I also have life insurance through my employer and so I don't want to transfer my savings into more life insurance.

I have toyed with the idea of purchasing a vacation home and renting it out on AirBnB or VRBO when I am not using it. Unfortunately I don't think I am quite ready for that. In looking at the various places I want a second home, I realize the giant commitment it would take and know I would soon become a slave to the vacation home. I might be able to handle that after I retire but not right now.

Ultimately I decided that I have had significant luck in the stock market and it is time for me to re-enter the world of online stock trading. Now the first thing anyone will ask you about investing is, "What are your goals?" I really don't want to actively monitor my stock portfolio and trade frequently. I really just want to put a little extra money out of each paycheck into something and let it grow over time. I don't want to lose any of that money and so I want to invest in solid companies that will be around for years to come. Sure I may miss out on some huge potential growth but I also don't want to worry about equally high risk.

My oldest son suggested that I set up a Webull account. One of the selling points is that they immediately give you 4 shares of random stocks: 2 when you create your account and 2 more when you put at least $100 into it. My son also received several shares of free stock just by referring me. If you click on the link above and create your own account, I will also get referral stock shares and so I really want a lot of people to create accounts for themselves. Don't worry, I won't feel bad if you don't. It would be nice though.

The real reason I created my Webull account is because there are zero commissions on purchases and sales. I can buy and sell stock at will and as long as I follow specific rules, I don't have to pay any fees. One of the rules is that I can't deposit or withdraw more than $50,000 in a single day. I can only hope that it becomes an issue in the future but for now, that is way more than I need to deposit or take out. Should I need to pull out $100,000, I will just have to plan ahead and spread the transaction across 2 days instead of 1.

There are many strategies for investing in the stock market and I don't pretend to know them all. I also don't want to give anyone ideas about where to invest as this is something I am doing to make more than the annual 10 cents per thousand dollars in my savings account that I currently am getting. Already I am up 10 dollars per thousand after only 2 days. No it is not enough to quit my day job but it significantly beats everything I earned last year in my savings account.

I must make one final note about online stock trading. I am not guaranteed to make money. I could do worse than my savings account. If you need money in the next several months, it is best to keep it in your savings. Only invest with money that you don't need for a year or more.

New Year's Resolutions

This morning I headed into work on my bike and then to the company gym where I usually start my day. Keeping with my early-rising habit I developed over the Christmas break I found myself there earlier than usual. I expected the gym to be packed with those seeking to lose a bit of weight gained over the Holidays. Nope, it felt really empty. Perhaps the idea of making and then breaking resolutions has gotten to the point where the new trend is to not make them in the first place. I hope I am wrong about that as the new year is always a great time to reflect on how we can improve ourselves.

On Sunday my wife asked if I had set any goals or resolutions and I had to confess that I have not made the effort yet. I sort of have a few ideas that carry forward from previous years like skiing more and dropping a bit of weight. So far I have started the year off right as I am down a few pounds which is a freaking miracle considering all of the feasting most people do during the holidays. I have also come back to work with a sore body from skiing so much over the break.

In this vein of looking at ways of improving myself over the next 12 months, I think I would like to learn a new technical skill or two. I have a very strong understanding of relational database systems and have even dabbled with other database technologies. Therefore those are not good areas to expand. Instead I should look at where my weaknesses are and set some goals to improve those parts of my professional skill set. I have used both Amazon's (AWS) and Google's (GCP) cloud platforms but could definitely improve there. Our company has a learning portal and should probably leverage it first and then fill in any shortcomings with a local conference.

Another area I would like to focus some effort is improving my artificial intelligence (AI) knowledge. Last year I ran through a Reinforcement Learning book and learned a lot. The book wasn't all that great but I did enjoy the code segments and doing the examples. There are a number of new AI tools emerging and I will try to find one that catches my interest and do something with it.

Finally I want to do more with gaming technology. I have dabbled with the Unity game engine but think I could learn a lot by learning Unreal as well. There are so many samples and tutorials that it would be good to spend an extra hour on Tuesday and Wednesday evenings hanging out at the office and building something interesting.

While it is nice to create a list of improvements, be sure to write them down. Someone once said that a goal not written is just a wish. If you want the wish to come true, start by writing it down and then coming up with a plan. I have the starting part down, now I should follow through and make a proper plan for each of these resolutions. Good luck on your own New Year's Resolutions.

My New Years Resolution

Christmas break is over and now I find myself back at work in San Francisco. That means I don't have as much time to play video games and I have to admit that I am a little sad about that. The last couple of days of vacation, I picked up my PSP and was having fun playing some new games I got for it. Luckily the PSP is small enough that I can throw in my suitcase and cart back and forth between Salt Lake and the Bay Area.

Last night, I got back to the boat after a full day at the office and watched a little television while I cooked and ate dinner. Then there was nothing on that I really wanted to see so I did something new: I turned off the TV. For about two years now, I have gone back to the boat after work and wasted my time in front of the idiot box. This year I have decided that I want to watch a lot less television. When I turned it off last night, I had three hours of free time to do whatever I wanted. I turned on my computer and spent time working on one of my many projects.

I find it interesting that I spent my Christmas break playing video games instead of watching television in the evenings and that seems to have broken my addiction to the various shows I felt the need to watch. Now I have a lot more time for other things and I feel like a new man. See, there is a benefit for video games. At least there was for me as your mileage may vary.