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Why does the stock price matter? It’s all the same in the end. Stock splitting doesn’t change anything except perception.

gigatexal 6y ago
Because eTrade doesn’t do partial shares. “Why does the stock price matter/it’s all the same in the end” is one of the more privileged things I’ve heard here. By that logic any of the following are statements to take without question: “why does the price of housing matter?” “Why does the price of food matter?” “Why does the price of tuition matter”
- seattle_spring 6y ago
  Why can't you make a free account with the dozens of free stock brokers that allow fractional shares? As an aside, if you can't afford a single full share then it might not be wise to gamble your remaining few dollars on a crypto play.
  - gigatexal 6y ago
    Prefer all my accounts to be in one place but it’s worth looking into for the fractional share purchasing alone. I wonder if I could transfer those shares if I wanted to.
- skinnymuch 6y ago
  Your examples don’t make sense. I don’t see how they relate. I agree with the other poster. If you can’t afford one share of a [speculative] stock, you likely shouldn’t be buying it. Your life would have to be insanely privileged beyond belief for a reasonable question/response to be on the high end of privileged stuff. Again, being able to afford stocks is privileged in the first place. If you can’t afford to pay for a single stock for 99% of stocks, you likely can’t afford to lose 50% of that stocks value. Which is possible with Coinbase. Being on and only on eTrade is pretty privileged. Why are you on there? The fact that you didn’t need to sign up to the newer stock startups for the $5 new customer stock they give you is highly privileged. The majority of the US doesn’t have a college degree yet I’m assuming you do. But please, don’t let me get in your way when talking tuition.
- skinnymuch 6y ago
  You started the thread talking about not having a FANG salary. Yet one of your most recent comments talks about your Mac, multiple Homepods, Apple TV, possibly more Apple products. Saying you don’t have FANG salary money then demonizing someone else as privileged because of the price of a random non super pricey stock doesn’t exactly jive with having thousands of dollars of Apple products. Same with being privileged enough to want Facebook shut down if it was your choice. It’s an incredible privilege to have Facebook be so unimportant to your life that you can have it be shut down and be happy about it without any loss of QoL. I don’t understand why you have to attack people personally in the first place. No one is a saint on HN any way.
  - gigatexal 6y ago
    If given a the authority to do one thing in the corporate world without consequence I sure would shut down Facebook. All the engineers would find amazing roles at all the other large tech companies. And the world would be a much better place. This is a hill I will die on. You have a point regarding the Apple devices I’ve got. They were purchased over time with cash that I saved. So homepods bought on sale, iPhones that we use for years (basically until they fall apart) and my MacBooks all last for years and years so we prefer quality and pay the Apple Premium. That you or anyone might work at Facebook is not a personal attack. You’re not Zuckerberg. You’ve a job and bills and financial goals: so be it. It’s government that could shut them down or investors that could sour to their business model or parents that could shield their kids from interacting with it and Instagram 24/7. All I was mentioning is that I don’t make the high six figures (after bonuses and RSUs) to have substantial disposable income to pay for a stock that is likely to come in at 500 or more per share.
    - skinnymuch 6y ago
      I’m not employed at all right now. Barely have been for the decade due to mental health issues that have finally been fixed up. It was funny to see me being described as saying extremely privileged things regarding money.
      - 6y ago

gigatexal 6y ago

Because eTrade doesn’t do partial shares. “Why does the stock price matter/it’s all the same in the end” is one of the more privileged things I’ve heard here. By that logic any of the following are statements to take without question: “why does the price of housing matter?” “Why does the price of food matter?” “Why does the price of tuition matter”

seattle_spring 6y ago
Why can't you make a free account with the dozens of free stock brokers that allow fractional shares? As an aside, if you can't afford a single full share then it might not be wise to gamble your remaining few dollars on a crypto play.
- gigatexal 6y ago
  Prefer all my accounts to be in one place but it’s worth looking into for the fractional share purchasing alone. I wonder if I could transfer those shares if I wanted to.
skinnymuch 6y ago
Your examples don’t make sense. I don’t see how they relate. I agree with the other poster. If you can’t afford one share of a [speculative] stock, you likely shouldn’t be buying it. Your life would have to be insanely privileged beyond belief for a reasonable question/response to be on the high end of privileged stuff. Again, being able to afford stocks is privileged in the first place. If you can’t afford to pay for a single stock for 99% of stocks, you likely can’t afford to lose 50% of that stocks value. Which is possible with Coinbase. Being on and only on eTrade is pretty privileged. Why are you on there? The fact that you didn’t need to sign up to the newer stock startups for the $5 new customer stock they give you is highly privileged. The majority of the US doesn’t have a college degree yet I’m assuming you do. But please, don’t let me get in your way when talking tuition.
skinnymuch 6y ago
You started the thread talking about not having a FANG salary. Yet one of your most recent comments talks about your Mac, multiple Homepods, Apple TV, possibly more Apple products. Saying you don’t have FANG salary money then demonizing someone else as privileged because of the price of a random non super pricey stock doesn’t exactly jive with having thousands of dollars of Apple products. Same with being privileged enough to want Facebook shut down if it was your choice. It’s an incredible privilege to have Facebook be so unimportant to your life that you can have it be shut down and be happy about it without any loss of QoL. I don’t understand why you have to attack people personally in the first place. No one is a saint on HN any way.
- gigatexal 6y ago
  If given a the authority to do one thing in the corporate world without consequence I sure would shut down Facebook. All the engineers would find amazing roles at all the other large tech companies. And the world would be a much better place. This is a hill I will die on. You have a point regarding the Apple devices I’ve got. They were purchased over time with cash that I saved. So homepods bought on sale, iPhones that we use for years (basically until they fall apart) and my MacBooks all last for years and years so we prefer quality and pay the Apple Premium. That you or anyone might work at Facebook is not a personal attack. You’re not Zuckerberg. You’ve a job and bills and financial goals: so be it. It’s government that could shut them down or investors that could sour to their business model or parents that could shield their kids from interacting with it and Instagram 24/7. All I was mentioning is that I don’t make the high six figures (after bonuses and RSUs) to have substantial disposable income to pay for a stock that is likely to come in at 500 or more per share.
  - skinnymuch 6y ago
    I’m not employed at all right now. Barely have been for the decade due to mental health issues that have finally been fixed up. It was funny to see me being described as saying extremely privileged things regarding money.
    - 6y ago