Park Forsyth

Successful Investor for over 42+ years, trader for 12+ years. My opinion, your wallet-ideas are not recommendations for trading.

[Park Forsyth @Parkforsyth]

Tastyworks is a new brokerage firm with $5 equity & flat $1 per option contract commission & $0 for closing trades https://t.co/wxRbC62coL

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

Margin debt just hit a new all-time high in June, up 23% over the last 3 months.

This level of leverage has only been seen twice before: right before the peaks of the 2000 Tech Bubble and the 2007 Financial Crisis.

Rising margin = rising risk. When confidence turns to excess, markets tend to follow with sharp reversals.

This doesn’t mean a market reversal is imminent, but warrants a cautious stance.

[Park Forsyth @Parkforsyth]

Do you remember when you joined X? I do! #MyXAnniversary

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

AI Gmail and other scams are getting pretty sophisticated and realistic. Read this post to ensure you don’t get tricked into giving up your credentials to scammers: https://t.co/dUID9Iyumb

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

Anyone who tells you that you've been hacked, you're a victim of identity theft, & the best way to protect your remaining assets is to hand them over to a (bogus) protection agency is a scammer and should make you run the other way & report them to your local police department.

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

Having diminished capacity is not a pre-requisite to be scammed. My heart broke as I listened to the story of a mentally sound older friend who was convinced by a con artist that his identity had been stolen & that the scammer would keep his money safe if he cashed out his account & gave the proceeds to him for safekeeping.

An just like that, he was out almost $70,000 that he personally handed over in cash under the cover of darkness. This seemingly "made for a movie" story of grave fear will be the story of my next article, and maybe it will help one person to not become the next victim of these scoundrels.

[Park Forsyth @Parkforsyth]

New Retirement Planning Options Starting in 2024, by @TheMoneyGeek https://t.co/cJCi5tmkPF

[Park Forsyth @Parkforsyth]

New Retirement Options Starting in 2024 https://t.co/EvOA8w1WK2

[Park Forsyth @Parkforsyth]

What’s Going on in the Markets November 29, 2023 https://t.co/PoJP9HE6YG

[Park Forsyth @Parkforsyth]

@dougboneparth Overpriced, overcooked and overrated burgers, soggy fries, cold uncomfortable seats, constant and too loud music-what's not to love?

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

iPhone users: one of the most useful things you can do to prevent frustration for yourself/your loved ones is to access Sign-In & Security under Settings & set up Account Recovery & Legacy Contact(s). If you lose access to your phone or die, you or loved ones can access your info

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

Billions of dollars are stored in peer-to-peer payment apps like Cash App, PayPal & Venmo. Besides inadequate protection against scammers, they lack the federal coverage that protects users of U.S. banks from total ruin in a crisis. Be smart-keep minimal amounts on payment apps.

[Park Forsyth @Parkforsyth]

Protecting Yourself from the Latest Cyber Scams: https://t.co/PCIcgEqbZ4

[Park Forsyth @Parkforsyth]

Protecting Yourself from the Latest Cyber Scams, by @TheMoneyGeek https://t.co/uchkbwp415

[Park Forsyth @Parkforsyth]

Is a Recession Looming? https://t.co/eSZgNLMVZh

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

Oh, What a feeling...when we're dancing on the debt ceiling; my latest Substack Post: https://t.co/7COAEvQ4T0

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

I started a (free) substack this week and published my first article there. If you think it's worthwhile, please subscribe to receive future posts: https://t.co/2nBEqT0Uaz

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

A year ago the Fed started going big w/rate hikes. Yesterday likely marks the end of that cycle. From then to now, the S&P 500 is unchanged. Either markets think we’ve dodged the biggest monetary policy bullet of the last century or they have the story entirely wrong-@DataTrekMB

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

How can we change our thinking in a way that may actually help us stay focused on the long term? Find out this weekend by signing up for our free newsletter: https://t.co/7tlEzQK48y

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

The average active amateur investor’s portfolio is down about 30% in 2022, according to data compiled by Vanda Research, which studies self-directed retail traders globally. By contrast, the S&P 500 Index has lost 17%. JP Morgan Chase says that figure is closer to down 38%.

[Sam H. Fawaz, CPA, CFP®, PFS, MST @TheMoneyGeek]

Today is the last day to purchase Series I Treasury Bonds & get a 9.62% rate. I just tried the https://t.co/kyY9J5KPpT site & was able to breeze thru an application & funding. The only way to purchase them is online & due to a backlog, there's no guarantee of processing by 10/31.