since casinos are closed and I don’t feel like smoking cigars this month what stock or whatever you can buy on robinhood would you do with $100?

Can $100 turn into wizard eyes within 6 months?

DKNG

DraftKings

-new listing

-tech stock

-gambling

-trading at 20$

-buy 5

-sit on it

Investing might not be for you.

I have other investments and a retirement plan.

This is not for that.

This is for trading. I have never traded individual stocks or spdr or etf or options.

I want to see what the fuss is about and if it is something I can enjoy doing.

same. I want to dick around with individual stocks for fun but go with tried and true ETF for my long term and real stuff.

I played penny stock simulators in high school. get something cheap as shit, but you get a million shares. Then it goes up a penny. or you lose everything, but you said this was a gamble so pick the cheapest thing you can get and buy a controlling share in the company

Tell them you are an expert at options to unlock level 5 options. Use the unlimited leverage bug to gain a million dollars of margin then put it in an iron condor.  

There is literally no way it could go wrong.


Go to Wallstreetbets to learn more.

Solid advice. Thanks!

Can't make this shit up.


$100 is kinda worthless for this. You might as well as buy lotto tickets for what you are looking for and the amount you are working with. Generally the way you get 10 baggers or more is with a shotgun approach.

I guess try and find a good silver miner. On the thesis that silver price follows the gold price and then moves further. When that occurs the generalist money piles into the move the silver market which is actually really small so a prices on silver mining stocks can go nutty. With that if I had to pick one ticker to speculate on it would be HL. At least do a limit buy on a dip and not a market buy like a pleb.

You have to start somewhere....

OXLC is 4.91 a share and pays .135 a share, each month, not quarter.
So you could buy about 20 shares with your 100 and that would pay you $2.70 a month, every month.
IF you set it to DRIP, after two months it would generate enough to buy 1 more share on its on each month, soon it would buy two shares each month...
Toss in another 100 and soon you are getting 4 shares a month and it keeps snowballing.  Let it build for the next 20 years.

When you start compounding your dividends, that is when you see growth.

A few others at various prices...
SKT is 7.24 a share and pays .357 per quarter, per share
T is 30.38 a share and pays .52 a share a quarter
O is 53.69 a share and pays .23 a Month, not quarter
MO is 40.13 a share and pays .84 a quarter
XOM is 46.04 a share and pays .87 a quarter
DOW is 36.52 a share and pay .70 a quarter
PDI is 23.46 a share and pays .22 a month
Main is 25.70 a share and pays .20 a month

A couple hundred here on some of these will grow much faster than 10 times that amount in the bank.

Just some thoughts...

As always, don't put money in stocks that you can't afford to lose.

Thanks! That is the thinking I am going for.

It’s not the $ invested it is the strategy.

Now would advice change if not $100? What about $1,000? $10,000? $100,000?

What about repeating a purchase pattern monthly with a $100?

I also selected fractional share purchase so I assume it let you buy dividend stocks as well.

I can better allocate as a $ amount per $100 for a given stock in the group.

I may on spend $1 a month on a stock or $10 depending.

Not really..  I mean I might suggest a few more tickers that are a bit more costly...  
Google Dividend Aristocrats...  All stocks go up and down, but Dividend Aristocrats have a Proven, long term history (usually 25 years or more) of always paying a dividend and increasing it as well....  Once on the list, None of them want to fall off the list.

Also, I definitely recommend buy more shares, weekly, or monthly as funds allow...  You'll grow and start compounding much quicker.
Everyone has a different idea of how to do it, I'd not go too wide, (have to many different tickers) maybe 15-25 at most, then buy the hell out of those as much as you can. Thats where the compounding starts.  If you've got 1 share of a 150 different great tickers, they won't grow and compound as fast as say many more shares of say 10 or so...

The idea is to get enough of a ticker, or a few tickers, so that each payout, quarterly or monthly, it buys more whole shares... Thats where it happens!!!

Hope that makes sense...  

One thing that is nice too do though is a bit of diversity in sectors.
Have a few in internet/Cell Phone Companies like ATT
Few in Healthcare,
few in Energy,
few in REITs, like O
few in Semiconducters used to make 4G, 5G and other communications gear
That way all your eggs aren't in one sector, so that if one area takes a dive, they all don't.


Yes, I like the idea of fractionals, but Etrade, who I use, currently does not.

I have a Robin Hood account, but they told me I was like 234000005532th in line to have that ability enabled on my account.  
However, IF I whored it out and got a bunch of people to sign up and/or funded my account with a Huge Sum of money, it could bump me up on the list.  

I thought that was shitty, but I know ""Their Company, their rules"".  So I took my few coins else-ware and since I already had an Etrade account from a few years ago, I just started using it and like it.  I use the web version to really do my stuff and the APP just to check on stuff and get alerts...

If I had the ability to do fractionals, I'd buy in on some of the Big boys... But mostly, I'd like to just be able to throw a 100 on a stock if I want too, no mater the price...

Either way, with any Brokerage when using the DRIP and it auto reinvests into the stocks you already own, so it kinda does fractionals.  

Once you see yourself actually generating money, it becomes Fun and you'll want to start throwing money at it.  
I split my tax returns between paying down dept and buying more shares...
Say Stocks are 10.00 a share and you had enough to earn $8.00, it buys 80% of a share.  Now say you had enough to earn 35.00 in Divs, it buys 3.5 shares... Which is pretty cool.

SPXL

@LARUEMINATI

Where do you look to see what dividend a specific stock pays out?

I feel like playing with robinhood now.  Already set up an account & tossed some play cash in to it....

I don't think it shows on RH, another reason I switched to E-trade
I can't get back into mine right now to check again as I haven't been in it so long, it wanted my UN and PW and I don't remember it.
I did have my Coworker who uses it a lot, look at his and he can't find it either, not the easy way at least.

On his RH, he looks at the Per Stock Price, then the DIV Yield % and he does the math...  Thats to much for me.. :)  I don't wanna math...

If you do use RH as your broker, but don't wanna Math, You can also use https://finance.yahoo.com and then type in a Ticker symbol like OXLC, O, T or any you are interested in and it'll show you.

Attached File


I also like E trade better to look at what I should have coming in...

EX: Estimated Income: Below is just a partial shot of Ticker, date of pmnt,  Payment occurrence (monthly/Quarterly)  How many shares x Div = Total per payment (monthly or Quarterly)
Attached File


Etrade and some of the other brokerages TDAmeritrade, etc.etc.. Seem  to be more full featured and have more tools and give more info...

The only thing that would be cooler is if it showed your projected Compounding..
EX, my 335.40 shares of OXLC pays me $45.28 this month
45.38 / 4.90 a share = 9.2 new shares,
so then next month I have 344.6 shares, then the next month I have 353, shares and so on...  
And thats If I don't add any more money and buy more shares myself...
Kinda rambling here, I suck at explaining things, hope that made sense, it did in my head...

At least that's my opinion...  YMMV...

Hope this helps some of ya.

i used m1 finance all of last year. i have a hard time figuring out the whole pie thing.


but i recently discovered that you can buy fractional shares through fidelity. they only do the fractional shares through their app. much better system for me than m1 finance.

Cryptocurrency Tezos (XTZ). It also pays about a 5% staking "dividend". To the moon!

buy CYDY at the open and HOLD.

It pays no dividend...

Submitted order for 19 shares of OXLC.

Hopefully they don’t cut that dividend lol.

You're telling me. I'm in almost at 400 shares.

That's my luck though.

Macy's, Ford and another one of mine cut theirs.
I'm gonna hold them and see if they come back, I'll loose too much if I sell now.

OXLC posted their earning report today, but I've hot had a chance too look at it.

?? I canceled order. I just read they will suspend dividend.

Fuck, my luck.

I'm going to hold and see if it comes back.
This will cause the price to drop, so I may buy a bunch more and sit on it for 3-4 months and see it it come back.

RE: OXLC,

I just went to their page and it looks like they are still paying Divs for May and June.
The price dropped from 5.77 to like 3.81.
I think I might buy another 100 or so dollars worth "On sale" in hopes they resume Divs later this year.  

It's still better than the airline stocks...I bought Delta and American Airlines and sold last night...Took about a $500 loss, which sucks but it's the way it goes.

I bought 158 shares of OXLC this morning in their place for $4.09.

That's a $20 dividend....for now.

For a newby, how does a dividend pay for someone with common stock on Etrade? Can I set it up to DR?

Ok, so I bought in OXLC during extended trading time. Got it at $3.88 for 26 shares which was better than 4.43 at open I would have got.

Probably lose tomorrow. But hey I am in!

Whats the ticker???
I'd assume it works the same, but not sure..  

You really don't lose anything till you sell.  

I've bought shares and they dropped, I held them and they came back.

Good buy I think.  I'm hoping to buy more soon...  Gotta do my bills and see whats left...

I was talking about the OXLC... From what I read, the stock has to be above $5 for it to qualify for DR per Etrade rules.

How does one get paid a dividend on OXLC or any stock? Would it go automatically to your Etrade account?

There is a tab at the top that says something about Dividend Reinvestment Program.
You click on that and it will list all your tickets that are eligible for DRIP.

You can pick and choose which stocks are in the DRIP.
Some folks might want to uncheck a stock and take divs from it and then use to purchase something else, or take the cash from a div payment to put into your spending account.

When a ticker is checked and the stock pays its div, you will see two transactions.
1. Will the Dividend payment.
2. The next will be right after and it will purchase either full shares or partial depending on amount of div and cost of shares...
If it can only buy a partial it will, if it can buy several shares and a partial it will.
It will put the whole div towards buying as many as it can.

It's pretty cool, you can go to bed with 100 shares of a stock and wake up with 110 of it..
Or more depending on the numbers.

I had not seen the thing about drip and under $5.00s... I guess I'll see how that plays out at the end of the month when OXLC pays out.

I currently have 335.40 shares, at the current rate of $4.17, I should get 10.85 additional shares if I dont buy any more before the payout.

Hope I make sense.

Makes perfect sense...Going there now. Thanks~

I just bought another hundred dollars of OXLC.

So in total, it will now pay me 50.45 each month and that will buy me 12.9 additional shares each month...

I bought in at 17.5 it's currently at 25.18

I also bought DKNGW (warrants) at 7.92 they are currently at 13.06

I'm thinking of selling the warrants off and throwing it all at OXLC.

Thank you. I just got a few.

I want to buy maybe $400 more of OXLC...It is now $3.33, which seems really inexpensive for a diversified fund...However, Etrade wants me to give them my bank log in information to transfer any more money into the account from my savings.... I am just not comfortable with that...Should I wire it or is $400 more worth of OXLC even worth it?...I have Boeing too, but I am down on it since purchase so I'd rather not sell Boeing. I think it is subject to bounce back really well as a blue chip.

I've had it (E-trade) since it was Capital One Investing. E-trade bought that out.
Once that happened I had to re-enter my bank info to fund/link to an account.  
For security reasons, I actually have a 2nd Checking account that I use for Ebay, Paypal, a few other things and now Etrade or anything like this.  
I keep like 50 bucks in it for a buffer, then I transfer funds from my Primary Checking account to the 2ndary one for stuff like this.  
It only takes a few seconds to make the move.

Then I log into Etrade and click on X-fer money from Checking to E-trade, enter my amount and its there instantly (or credited), it usually comes out the next business day, but I can trade with it instantly.

I've never wired money anywhere, I heard the banks charge 30-45.00 a shot for doing that, so I never looked more into it.

$400.00 is about what just over 104 shares x.14 a share Div, that gives you 14.58 a month, or 3.79 more shares each month, then compounds on top of that...
Soon it'll start growing pretty quick.

I don't blame you for being cautious...
My Co-Worker has like 5-6 different things that hit his Primary/Only account...  But, I have never had any issues with Etrade or getting money taken out of that account that I shouldn't.

Even with the possible suspension of dividends, I like the idea of OXLC. I just put in a limit order for 150 @ 3.40. It's at 3.41 but, I need it to drop that .01 so I can get an even number with the cash I have in my account. I'll look at it in the morning and if it looks like it's only going to go up, I'll cancel the limit order and just buy what I can since it's still a good sale price.

I got some more at 3.28 today. I’m in for the long haul at this point.

If we keep it up, a few of us in this thread are going to hold a controlling interest in OXLC.

I'm hoping to be at 400 shares here soon.

Yeah this thread is clowning me into OXLC as well. If dividends come back it will be great but I'm also wondering if I should just buy more DKNG. I have no idea what warrants are so iff to google for that.

If I don't go OXLC il buy more   DKNG, averaging up if fine with me, I believe in it long term. I'm hoping it's the Netflix of gambling.

- Great name recognition.
- It could be a keystone for online gambling which looks to have a bright "mainstream" future ahead of it.

I convinced lots of people around me to buy google ten years ago and that's done them well.... Meanwhile, I didn't So im trying to build  more tech stocks in my portfolio

however, OXLX is super undervalued rn but is tough to say the same with DKNG - its new and we don't know its value but you could say it's undervalued with sports suspended

more  DKGN or OXLC??

DKGN doesn't pay a residual dividend, or any that I could tell, so if you buy it whats your exit strategy?

The thing I like about dividends is ideally, they keep paying you, at some point, you turn off the DRIP and live off the Divs...

Once you sell a stock it's a one and done, pays no more..

.

My exit is to sell it for lots more than I paid for it
I'm in it for a 5+ year time frame  - I'm hoping to 6X my money - I want more tech stocks to own while I'm young. If I see a tech company that I believe in ill hold it in hopes for a moon shot.

Meanwhile, I do have dividends and I'm trying to build up a solid base for those. I'll DRIP, for now. I  would like to get to the point where they can pay a decent percentage of a mortgage on an investment property. I have some REIT's some Vanguard Dividend ETF's and just started building my defense stocks. Loading up on RTX currently, which I'm not sure what the dividend will be post-merger.

I don't have any monthly dividend payers atm and adding some is a goal, hence the interest in OXLC - which is a tough choice right now considering the uncertain future of their dividend.

DKNG is rising and there's basically nothing to gamble on right now

Sports will come back and degenerate gamblers will, well gamble. Sports betting is now legal in 13? states so it's relatively new. DKNG is even involved with the UFC at this point, there's a ton of potential.

As far as dividend they're still a new stock, there may be one eventually.

There is some speculaton OXLC may run up in the next few days.  I'm not seeing it, but some people seem to think it will go up.  A couple target prices are around $9.  I'm not sure I want to hold it for that long though.  Opportunity costs and all.  Lots of other stuff out there that can be more profitable in the meantime.  

If anyone is interested in his program, Noremac is on sale at $950 right now, down from $1900.  I'm debating it.  The guy has a solid track record.  Did $1000 to $1MM in 108 days.  He makes a lot of good suggestions.

See if we get a retest or higher low, watch for INTC to hit mid-40s and/or NVDA to hit low 200s/upper 100s, buy as many long-dated calls as you can afford and wait.

I just placed an order for 563 shares of OXLC, thanks to this thread.

I don't want to poop on your idea but there is a reason why OXLC is paying what appears to be a 33% dividend at the time of your posting.  I don't know the reason because I haven't researched it I know that a 33% dividend is an absolutely massive red flag.

What does the OXLC do?  How does that company make money?  Why is the market valuing it so poorly relative to their dividend?