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Where to invest 10k leveraged from CC cash advance (5% fee)?
Received little over $4k for WF settlement. What should I buy?
Would you go long on me if I was a stock?
Yellen's all but gives away who will and who won't be rescued...
Vanguard CD, do I need to do anything at maturity? Will it roll over?
Okay, okay, bulls I can't tell if this is a rally or bulls***
This is a weird whale play…🐋
Detailed comparison of the (M)AANG stocks performance through the years...
Is it illegal to purposely not paying back credit card debts in order for the banks to lose money, while shorting the banks?
Tried Fidelity brokerage, underwhelmed, anything wrong with staying with Wells Fargo?
Netflix’s Qwikster 2.0: Growth Loss and Pivot into Gaming
Buy $XLF before Thursday's momentum fund rebalancing
I have about $2k sitting on the sidelines. What should I do?
Apes face the greatest Marshmallow Test in history. Will you pass? [Psychological DD] 💎🙌
Mentions
Any idea with wellsfargo brokerage account? I don’t want miss rubrik ipo. I talked to WF customer service but it seemed the person I spoke didn’t had much idea answering what I asked.
Investing Roth IRA with Wells Fargo I have 3 Roth IRAs through Wells Fargo. On one of them, I can see the portfolio and how the assets are allocated. When I click on the other two though, it only shows me transactions. (deposits/withdrawals) I cannot figure out how to invest these two so they’re just sitting there. Does anyone know if there is a way to do so through the WF app?
Even with 10% of WF getting laid off
I have discover, but removed most to go to capital one. Discover reduced interest from 4.35 to 4.25% whine capital one is still 4.35% and also got capital one checking since no minimum and get .01% interest in checking while most banks require a big minimum. Capital one add cash at CVS, haven't done yet since just got and think it's a code on phone while discover add cash to debit at Walmart. Capital one sounds better when I get debit I'll prob use that. Not sure if capital one minimum cash add, but discover is $20. Traditional was no reason to have since I only went to withdraw money or add cash and both have many free ATM, WF sucked with various things and fees.
Exactly. Very basic things need to be happening for the rate to get cut. What these guys say is such an insult. Well damn, if Goldman, UBS, Barklays and WF say so.....I'm going to put my order right in! Jobs market needs to cool out for a while....to organically lower inflation which then dictates a cut...and this is not being rushed.
Nah, JPM and WF earnings are gonna shoot it up.
What do you guys think would be the best bank play that isn't announcing earnings tomorrow? Trying to catch a bank without the IV in case JPM and BLK do well tomorrow. BAC, WF?
I just found out that WellsTrade account from WF let you invest in FRSXX with no minimum (normally a $10mil minimum buy in). If you're in a state with state tax, this can be a good option as it's exempt from state tax. Current yield is 5.24% too. Way better than other tax exempt mutual funds. But in all, your best bet would be to chase bank bonuses if you're willing to put in the work. It usually works out to be 8-10% APY, all while being insured by FDIC or NCUA.
Positions in Citi. DD: HSBC PT 70, buy rating (12% upside), Wells Fargo PT 80, overweight (28% upside), Oppenheimer PT 88, outperform (41% upside), Goldman Sachs PT 68, buy rating (9% upside); average PT 76.5 with average upside of 22.7% (all upsides based on stock price of $62.32 earlier today). wells Fargo has also had a good run like Citigroup but upside potential is less. Citigroup undervalued compared to its peers: WF, JPM Chase, BoA per Morningstar report March 26. Goldman Sachs just released a report yesterday citing Q1 upside highest for Wells Fargo and JPMorgan. however just 2-3 weeks ago GMS had upgraded citi to buy; and wells fargo was downgraded in the same time period by KBW. Wells Fargo doesn’t have as much an upside. I’ve already bought in. I’m not sure given the macroeconomic input today when the next time to buy would be.
WF blocked my account for "suspicious activity" that's literally just me. I was done with them. I switched to other broker.
Whatever you do OP do not do business with SoFi, they are even worse than WF. In-existent customer service, delayed bill pays and they change their interest rates all the time. Any other HYSA is better or just a MMF that's also state tax free. Thank me later.
Exactly, so surprising they still have shit for service. Run away, don't walk. It's a personal choice to do business with a shit company like WF, it's just a shitty choice
I don’t have any advice regarding WF since I don’t bank with them. However, some advice for the future, if you open a high yield savings account with SoFi, you get 4.60% annual with payouts every month. This is roughly $3.83 per $1000. Multiply that by 250 and you get $957.50 per month. Multiply that by 3 and you’re looking at $2872.50 for 3 months. You can also use SoFi as a brokerage too but I don’t have experience with that. There are also other HYSA besides SoFi that are good.
I just can't understand why anyone would do business with WF. After all the shenanigans they have done in the past I would not trust them with a single dime.
So, you get a 1% bonus. You probably missed out on more than that alone playing their stupid games rather than putting it in one of your real brokerages and investing it. Seriously, just leave WF . You literally would have made more money keeping your $250k in a HYSA than trying to chase their $2500.
I already have all those. I just need to keep the money with WF for three months. Sigh.
What kind of “bonus” are you talking about here? And, how much do you have to have in WF to get it? Like the other poster said…get set up with Fidelity or Schwab. Hate to say it, but only $100k at these big banks means nothing to them. You aren’t a big investor and WF is pretty much the worst.
I don’t even know why they’d think that way as soon as I opened the brokerage account. All I did was putting in an initial deposit. I have to use WF brokerage for three more months to keep my funds with WF for a banking bonus.
I have to use WF brokerage for three more months to keep my funds with WF for a banking bonus. And they definitely want my business as my premier checking account is still open.
This happens in banking and you'll never find out why. They either think something suspicious is going on or your relationship is risky and it's not worth it to them. Why do you have to stick with WF? Even so, why not open a brokerage account at one of the big 3 (Fidelity, Vanguard, Schwab) and link your WF account to that account?
Why do you have to use WF for brokerage? I’d just open a Fidelity brokerage account and transfer the funds there. It sounds to me like they don’t want your business, so go somewhere else.
I am a SOFI believer. Buying the company and holding long term. I genuinely believe they have the best banking product e2e. All of the hype is going into HOOD but I think SOFI is the better long term play. I refuse to believe that they won’t disrupt big banks like WF, BAC, etc.
+1 for WF - Check their sub for a referral link to grab yourself a bonus
Thank you! I’ll check those out! I’m eyeing CYBN rn. I like to use a small, Small portion of my investments for play and gut instinct, i leave all the official words to my WF guy, lol.
Yeah i think I’ll definitely keep it simple. Lol I might steal a small portion away from the WF account and fund a few more picks of my own.10% or less :) I believe in the potential of psychedelic treatment for PTSD, anxiety and depression. My broker will tell me not to but he also told me not to buy NVDA at 125 and i did anyway. One of us was super right and one of us was super wrong.
Lol thank you for responding! Idk what most of those words are yet but I’m learning!! (Trying anyway). I have pretty good gut instincts but very little applicable knowledge. Lol Even so my portfolio is up 17.5% Over 5 years and 15% ytd. Both WF accounts i have only averaged 9.5% over 5 years and 3 fucking percent ytd. Lol
I’m up 17.5% over 5 years and 15% ytd. My WF chosen portfolio is only up 9.5% (both accounts too which is sus). Dudes are so mean about it like…oh you can’t judge your success on past performance…..um? Yes? Let me be a winner dang it. Someone tell me I did good! Lmao.
I wouldn't necessarily call the 5 in your boring solid bet stocks conservative. They all come with a heap of volatility. I guess it would just be your personal aversion to risk. Your WF account is probably being more conservative then you are with your own picks. The lifetime ROI is probably skewed pretty good by your current success if you've only been at it 4 years. Compare specific time frames, when the market was down did you still outperform you WF accounts? Its real tempting to go your own when your winning, but a more level headed conservative investment process that you aren't in charge of can balance out some of that risk taking.
Check out Carrie tolsted. She was one of the originators of the WF fake account scandals. She payed her way out of jail time and only had a slap on the wrist in terms of a fine. Truly shit justice. Wells Fargo is the devil. Source - worked at wells from 2008-2018. Was leading salesperson for So Cal many of these years. Was paid to cheat customers. And don’t even ask about identify theft protection to be able to get an internal partner referral. We signed up 100’s of unknowing customers for $14.99 a month ( first month was free and that’s when we as employees were incentivized ) Wells is a dumpster fire. Carrie tolsted js the devil. https://www.reuters.com/business/finance/former-wells-fargo-exec-tolstedt-avoids-prison-time-fake-accounts-scandal-wsj-2023-09-15/#:~:text=Carrie%20Tolstedt%20was%20sentenced%20to,120%20hours%20of%20community%20service.
Same. Hate WF however I’ve banked with them for over 15 years. 🤤
Welp I use WF for business and personal, so that's at least 7 for me.
Of course he's fking WF...
Hahahaha. WF sucks even more than TSLA
All that matters in this nonsensical market is that profit margins go up. If TSLA reports that profit margins per car bottomed out last year and are rising again this year you'll see a rally as investors pour in. The WF valuation (the guy with a -5% ROI lmao) is useless mid and long term, I can point you to hundreds if not thousands of stocks that have analyst valuations 20%+ higher than current trading price, doesn't mean anyone's going to buy them.
I also agree it's dog shit, but nothing new bad news wise has come to light. The same bad news was headlines when it was at $250. The fact WF announces this downgrade now is sus.
TSLA ber bought puts because of a WF analyst 
Lol - it can’t be priced in until it comes out (which was yday or the day before). Before that announcement from WF it wasn’t priced in at all and hence the price dropping further. Otherwise your point would mean that everything is priced in before it happens lol
He's headed for the Board Room at this rate...WF loves this guy
Bro, WF has an industry high exposure to CRE. Might wanna reconsider.
Zero actual content specific to WF. Absolute garbage.
WF only knows how to steal money from their customers and lack the ability to cover up their crimes. Take your money and invest elsewhere.
LOL for real? what the hell was that.... weren't you concerned depositing any money into that auto-created savings account? I would go full panic wondering if this account actually belongs to someone but WF is IT team fucked up so much that it appears on my online banking. You've got balls to keep that savings account for years without no issue. haha
Too bad WF is a straight garage company!
What will be the catalyst to get it there? Historically, WF get in the headlines for fucking over their customers and it looks like they are due for more bad news.
WF dropped the sell rating, expects 30% downside
I guess Tesla could open fake accounts under its customers' names to meet their sales goals but that's a WF move.
I had a WF checking account only. Then suddenly I saw a savings account appear. It’s what I needed anyway so I kept it all these years. I guess they did me a favor by saving me the hassle of opening one myself.
WF downgrading Tesla to 125 
He got out of WF when the news broke and sugar kills you slowly but NVDA creates the chips for missiles and bombe that destroy cities so…🤷♂️
>Oh wow yeah there’s the WF reflect with 21 months of 0% interest and no rewards. That sounds like the one
Oh wow yeah there’s the WF reflect with 21 months of 0% interest and no rewards
Exactly. My point is that WF gained a bad rep due to a scandal that happened 8 years ago but from what I've heard from people who actually use it, it's one of the better larger banks. This is contradictory to "most people don't really care about what happened 3 years ago." I mention the apples-to-oranges thing because he mentioned brokerages specifically.
He’s been deleveraging BAC over the years. Not sure what position he still has in WF. And the answer to why hasn’t he? Only he knows, that’s why he’s The Oracle 
$WF calls feds lifted there punishment buy back coming soon
$WF calls and shares im jacked to the tits
$WF gonna blow up overnight get in calls now ! 
Sold $WF calls I got at close yesterday for 200%  am I regarded enough to hop back in ? Yes 
Up 140% on $WF calls I bought at close yesterday 
ok, now I have to make serious DD because of the responses and the 8 likes. YEAAAH FUCK YOU WF
WF going under is the least outlandish event on the list. Totally depraved ethically and they are the McDonald's of banks in more ways than just their color scheme lol
mmmmm, shorting WF sounds good. A bank that looks like a McDonalds (before their stores looked like a depressed office worker) can't be taken seriously. Oh and the fraud and money laundering too
$WM $KO $M $WF all calls 
Apologies for abusing my sticky powers but I want to highlight u/DD's answer: > The biggest reason banks are consolidating is the rise of interstate banking. Back in the 1980s, it was illegal for banks to operate across state lines so every state had its own local banks. With the relaxation of those restrictions, these newer national banks (WF, Chase, BofA, etc) can provide services across the US and take business from your local banks. Here's some additional resources from the Fed: > However, starting in the early 1980s some states began whittling away at the restrictions on interstate banking and made changes to their own laws that permitted out-of-state banks to enter their states under specific conditions.1 By 1990, forty-six states had made changes allowing out-of-state bank holding companies to acquire in-state banks in some circumstances. > As passed, the Riegle-Neal Interstate Banking Act of 1994 provided for uniform branching and interstate acquisition rules for the entire country. https://www.federalreservehistory.org/essays/riegle-neal-act-of-1994 And: https://www.federalreserve.gov/boarddocs/supmanual/cch/sec109.pdf (PDF!)
The biggest reason banks are consolidating is the rise of interstate banking. Back in the 1980s, it was illegal for banks to operate across state lines so every state had its own local banks. With the relaxation of those restrictions, these newer national banks (WF, Chase, BofA, etc) can provide services across the US and take business from your local banks.
This reminds me of the movie Two For the Money. We're lemons!!! lmao [Al Pacino lemon speech](https://youtu.be/HdE-BZoB9SA?si=Di-WF63sx_7oABVj)
I don't know what bank that guy has, but every major bank in the US, chase, BA, WF....etc. all use zell, which has instant bank transfers. Don't know if credit unions use it.
Yes all my savings go into WF for the consistent high rate of 5%. I wouldn’t touch Robinhood gold with a 10 foot pole
I’ve used WF for 10 years, it’s old news, works great, and I’d recommend. It’s not really AI though, it’s just algorithms.
this is amazing, thank you, I am also retired but I just moved my money from a $$$ WF Advisor into self-directed...appreciate all these resources!
Corporations absolutely do not care about this Do you want to know how I know corporations (and people to a large extent) don't care? Because people will be all up in arms about a heinous act that a corporation has done, but remain completely oblivious to when a different company does the exact same thing or worse Case in point, Wells Fargo gets shit on for their fake accounts scandal in 2016. But nobody knows that US Bank was doing the exact same thing for an even longer period of time (including during WF's debacle) and was fined a much smaller amount than WF without suffering any of the negative PR https://www.consumerfinance.gov/about-us/newsroom/cfpb-fines-us-bank-37-5-million-for-illegally-exploiting-personal-data-to-open-sham-accounts-for-unsuspecting-customers/ And yet nobody gives a shit. You don't care about all of the corporations fucking up the world. You only care about them when the media tells you to care about them.
>Warner had 8 superhero films in a row all bombing, of the last 8 Marvel films, 6 made>800million, one underperformance "500mil" then the bomb that is "The Marvels", Disney's 1st superhero bomb. You don't see people writing off DC do you?* People wrote off the DCEU years ago. The MCU was seen as bullet proof which is why "The Marvels"is so talked about (it's one of the biggest bombs of all time, not just 2023). Also your 8 films cite needs further context: 1) The Marvels - 206M box office (one of the biggest bombs in history) 2) GOTG3 - 845.6M box office (seems like a lot but this is under expectations and as per an under performance. Gunn is also out of the MCU so having this movie be one of the best in years doesn't bode well for the MCU) 3) Antman 3 - 476.1 box office (a flop that devalued Kang) 4) Wakanda Forever- 859.2 Box office (again seems like a lot but underperformance per expectations. Also less people will care about BP now which hurts future movies) 5) Thor 4 - 760.9 Box office (alot but again underperformance, also massive brand damage. This is where many gave up on the MCU sans event films) 6) Doctor strange 2 - 955.8 box office (made a lot of money but the false advertising joining NWH and this soured people and hurt the brand) 7) NWH - 1.916B (it's a W) 8) Eternals - 402.1M (people didn't like this movie, even with covid it is deemed a flop) So out of the last 8 movies you have two wins (NWH and DS2), 3 profitable but underperforming movies, (Thor 4, WF, GOTG3), 2 flops (AM3 and Eternals), and 1 bomb (The Marvels) >Plus, Marvels came out in a year where Marvel had several huge successes in films, streaming and even video games where Marvel released the fastest selling video game in PlayStation history.* The films and shows weren't that big this year. In fact the shows are considered to be pretty bad. Secret invasion was terrible. Echo came out 2 weeks ago and sucks. The spiderman game is good.
Awesome. I love WF and their roboadvisor is top notch too for investing.
Yes. Do weeklies on WF. They mine vibranium in wakanda.
For what it's worth, they are closing the drive-thru on several small town WF in our area
Seriously read this ebook. If you already understand the stock market, you can start with Chapter 3. You can pay for the book with one trade, but it will be the gift that keeps on giving. [The Novice Investor's Guide to Stocks, Funds, and Options, Second Edition](https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=3PF55WF4SIC4R&keywords=novice+investors+guide+saylor&qid=1704768077&sprefix=novice+inve%2Caps%2C137&sr=8-1).
Puts on WF, consumer sentiment is low and all banks are forecast drops in revenue
I'm 32, and have been very slow to learning about investments because I come from a poor and very risk-averse background, and liked knowing where my money was at all times, plus I was an immigrant. My dad was a banker growing up before we lost everything, so i grew up wary about money in general, and that persisted well into adulthood. Sucks that I missed out in my 20s, but my situation is now much more stable and I'm a bit wiser now, and looking to dip my toes into investing for the future. I'm fortunately very debt-free currently (no student/car loans or mortgage - I rent). My appetite for risk is still conservative given my history, but I also would love to retire somewhat early, and definitely open to growing my money the more I learn and my risk appetite evolves. My current state of affairs: I have $150k in my very low-yield savings account (curse you WF) and another 90k in my 401k (with about 400$ monthly contributions per paycheck; I'm contributing enough to get the full employer match). My 401k is managed by Principal's investment team, and the rate of return over the last 3 years was 5.5%. I've heard about the S&P 500 and I'm currently considering moving about $50k there (and starting monthly contributions till retirement) - is this what is known as a Roth IRA? The rest of the money I'm hoping to move into a high-yield savings account. I don't have any debt now, although I'm thinking of going to med school in the next 2 years and/or maybe buying a house. Is this a sound financial plan, or is this full of holes? Anything i should look into or consider doing differently? Thanks!
Better yet, WF wouldn’t allow that kind of exposure, they’re too conservative.
WF risk management doesnt mess around when it comes to anything resembling a large amount for retail traders. Even for regular margin transactions of a single security, once the loan is large enough they will make you diversify or up the collateral requirement. They're also very liberal with emails of this nature. Writing naked calls does require cash or securities as collateral and getting approved for that level is not as easy as Robinhood. There's some other aspect to this op isn't sharing that would make this make sense. Source: I was formerly employed there
Wow those simpletons at WF mistook Ira for a person and sent that mail?
Don't worry about it. The feds got your back just like it covered the big banks in '08. F WF.
WF bought my mortgage....Dunno how, but they did....
See that makes sense, and for OP's sake, let's hope that's the case. It would be insane if WF had closed all of OP's positions and he *still* somehow owed them $65 million.
Thats how you know this is fake. Nobody would use WF as a brokerage.
Using RH? Degenerate regard. Using WF? Simple Jack.
Same happened to me when mine was sold to Wells Fargo. All banks are terrible, but WF brings it to a whole other level
I’ve read their projections for the past 8 years and they’re always wrong b/c shocker, no one knows the future. Who is this intended for anyway? Its gotta be an expensive undertaking for WF
Didn’t WF also predict the S&P would close at 4200 in 2023?
Hopefully that trash bank falls far enough to sell my mortgage to someone else. WF is the worst
CFP here. Run away from WF as fast as you can. Move the account to Fidelity, Schwab or Vanguard.
1st Analyst upgrades since earnings. Starting after long and tedious series of downgrades WF $15=>$18 Benchmark PT $30
Agreed. It definitely goes both ways. I’ve had this convo with my roommate(WM). He dated 5 straight Asian women before proposing to his wife(WF)
I recommend Fidelity only because Ive had them for so long and have the most experience with it. Ive consolidated many of my accounts from being all over the place to Fidelity because _for me_ it works the best. I have their version of a checking account (cash management account) as my personal account with safe investments, my current employer's 401k through them, a brokerage account with my individual stock picks, and moved my robo Roth from Wealthfront to Fidelity. My previous employer's 401k was also with them so I took that balance and put it into a rollover Roth through Fidelity as well. I had Wealthfront and while with them my wife opened an account with them as well. Her employer's retirement company charges a lot so we went with WF instead. She's happy with them and they're also easy to use
I read Chris Irons, QTR on substack. You can't take 10+ year -0- interest rates and blow them up 500+ basis points in a year and not have something break. Bonds, maybe, banks with HTM/AFS long term bonds needing to raise cash, trillions in derivatives on derivatives all by "banks" like GS, Citi, JPM, WF, and to TBTJ raccoons who run them.