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So I do actually have a high interest account from Capital One it’s very nice. But yeah there’s a bunch of rules like minimum monthly deposits and it takes up to 5 business days to transfer money out of it. And because y’all are assuming, I also have a 401k and HSA maxed out, and a Roth IRA I put some money in each month.

But yeah I intentionally left out a lot because I am not a financial expert, which is the reason why I went with a broker anyways. But here are the answers for your questions

I have a broker through JP Morgan. I don’t know the guy and don’t talk to him outside of the once a month he calls me to update me on what’s going on.
I don’t know what stocks he is trading and I don’t care. Every once and a while I’ll ask him to invest in something I think would be good like Nvidia or AMD but by the time I hear about something he already moved money around
Of course he is working for the company and not me. I am not that wealthy haha
He consistently makes me 4-6% gains which is plenty for me.

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RememberTheApollo_@lemmy.world ⁨3⁩ ⁨days⁩ ago
I’m not continuing this discussion to change your mind. If you’re happy with what you’ve got you’ve no need to listen to me. Big consumer investment houses are there to make money off you. Everything you listed is exactly what I mentioned as being a reduction in your ROI and incurring fees and taxes. For instance, we’ve invested in QQQ (feel free to check it) for more than a decade using the strategy I mentioned first. Even over the last 5 years it’s had 110% return. $10k is now more than $20k without bothering to calculate DCA or returns investing. Now do that across more index funds. Even if averages 7% with gains/losses and no fees or capital gains you can see that this comes out far ahead.

All that said, good luck.

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