I’ve used stash for a while but I’ve recently encountered and error where they won’t allow me to add my new bank account to add or withdrawal money. I’ve spent a ton of time on the phone and can’t reach anyone.
What’s your favorite investment method? Robin Hood, Edward Jones? Something I’ve never heard of before?
My investment strategy:
Step 1: max out your Roth IRA (no taxes on gains)
Step 2: wait for a good time to enter the market. (I have a feeling the stock market will crash, you want to try to get in at the bottom of that)
Step 3. Pick a good investment. Think about what you're investing in. For me, institutions are the way to go, things that have been around forever, and will likely be around another 50 years. (Examples: Walmart, 3M, IBM)
For me, I'm going to choose to dump my money into REITs. Dividends are the way to go, and keep reinvesting them.
You can't be lazy either, I'd you're going to manage your own account, you'll need to pay attention.
Depending how much attention you pay, you can sell your stocks when good news comes out, and wait for everyone to take profit, lowering the stock, then buy back in and pocket the difference.
This is my strategy, and I'm not a financial advisor.
If anyone wants to invest on their own look into "Hedgefundie" just Google it and do some research.
You can put the cash in and leave it as cash for now. The hurry is that the deadline for 2022 contributions is 4/18/22. My 401k is the same way, I turned it to 90% cash back in 2021 waiting for the bottom.
I just yolo into shorted stonks.
They only go up.....