I have a strong feeling the market is going to get better in just a couple months, but I dont know where to start when it comes to investing into stocks. Does anyone recommend a good place to start? Webo? Robinhood?
I was told that AI, nvidia, and ETF is good. I have no idea, but if any based frens know any tips please let us know. We all wanna flourish and prosper in this Trump economy!
is it also too late to buy with the dip trump sent out last night?
Look up what Pelosi is buying.
There is an app that tracks all congressional market moves in real time. I think it's called autopilot or something similar.
Here's a site: https://www.quiverquant.com/congresstrading/
Time?
Invest in yourself.
Buy some actually physical silver,maybe 5 or 10%.
That's been my tactic, but I'm not sure how easy it is to come by at this time. I started 12 years ago. It's a bit late in the game to start.
It's still avalible at 33 dollers an ounce or so.
I'm buying calls on mining companies right now.
Stock picking is kind of like gambling unless your name is Nancy Pelosi. If you want long-term investment advice, I'd suggest putting a big chunk of your money into an S&P 500-index fund. You'd get exposure to the broad market without a lot of fuckery from funds managers because they have to try to match or beat the S&P 500 performance and they usually have a low expense ratio. S&P has a historic 10.5% average annual return which would mean doubling of money every 7 years. Also, you may want to consider doing this via an IRA or 401K to take advantage of tax breaks (retirement accounts so you get penalized if you withdraw early). Many of these types of accounts have a way to set up dividend reinvestment which can also help boost long term returns. It aint the sexiest way to invest but it works for a lot of people.
Here's a pretty good writeup on this type of investment strategy:
https://www.businessinsider.com/personal-finance/investing/average-stock-market-return
My opinion if you are not good at investing is to find yourself a financial advisor who specializes in this. The markets are gonna be Bananas for the time being and it is better to have someone doing it for you then you chasing the stocks around. I have used robinhood in the past and I wasn't impressed. That was during trumps first term so maybe it is better now idk. I don't use it anymore
i actually have a financial advisor guy already, but i wasnt able to reach him last night during the trump announced the dip to start buying. so thats what alerted me, maybe i should dabble a bit on my own within my control so i could capitalize whenever. but yeah, i feel so dumb for not learning any of this stuff sooner
I have a financial advisor and have a little to play with on the side. I still have no idea how to make money in stocks and I don't care enough. I let my guy do it all for me lol
Don't feel dumb if u never learned it. Not everyone needs to know everything.
It's nothing to feel any shame about. A legitimate school system would, at the very least, provide a foundation for such things. I don't know your age, but many of us were raised by parents who had the good fortune of working for companies who cared about their people. If you stayed loyal to them, they stayed loyal to you. My dad, in particular, was like so many others. Worked hard for a quarter of a century, retired with solid benefits and pension. There was little need to teach us how to invest. Instead, they taught us to work hard and stay true. They had no reason to believe that it was a dying era.
My only advice is to invest only what you can afford to lose. Like I said, I was taught nothing of any this, so I'm not the best to offer any advice at all. I just know that the investments that I have made have been close enough to gone that I am glad that I have no attachment to the money. It could alter my financial life if things work out, but will have little to no bearing if it just goes away. That said, XRP still looks like it could be that thing.
Invest in family, friends, and loved ones. Money is better spent on memories than markets.
That's something you can mumble to yourself as you push a shopping cart around the city. Don't get me wrong. I very intentionally structured my business to be small. Specifically for the life with my family that it afforded me. Never missed a game or an award or anything. I was always able to cut free to golf with my dad or help a neighbor, but there comes a time, especially if you own a home, that you damn well better prepare for. Sentimental ideas are great, but they won't keep the government from stealing your home if you can't afford their rental money. The doctor won't care about your broken hip if you neglected to plan for such an occasion.
My kid is now an adult, and I have to keep my nose to the grindstone weekdays and ends to make up for the life luxuries I afforded myself. Unfortunately, no one is cutting checks for understanding what is truly important in this world. Fortunately, I love what I do. I am as happy work8ng as when I am not. I don't regret a moment. Although, I wish I had understood more about investing. I worked at Whole Foods when they went public. I had an opportunity to buy as many as four hundred shares at eight dollars a share. I invested in family friends and loved ones. OP has a very legitimate question.
Interesting reply. Im not arguing any of your logic but you bring up many circumstantial and hypothetical points that would vary, unique to the individual.
I view gambling and investing as a completely unnecessary risk, and could be viewed as immoral to some folks even.
My simple comment was true and also very legitimate. You mentioned, and I paraphrase: "what if I had invested in this business early on and made tons of money?" Well, you didn't. And if you had, it would've changed the course and outcome of every event personal to you.... and you have no idea if for the better or not. Cause/effect universally is an enigma. We do not know what our actions could potentially lead to. Happiness and devastation are of equal probability.
Also an interesting response. The only part I may have any issue with is the last statement. With the right understanding happiness can be inevitable. Even if it has to travel through devastation. I could lose everything dear tomorrow. It is my responsibility to find a point in time where I become happy again because I was so blessed to have it to lose. Anything less would be to disrespect that. Fortune would not change any of that. Money may not buy happiness, but it can enhance it. Money buys time. The most precious of commodities.
Nice, appreciate the reply. Eloquent and concise, commendable.
I have to agree with your mantra, as it is recognizable and relatable in relation to making one's own outcomes. Without getting into any kind of fate paradox or philosophy, I was attempting to highlight the random unforeseeable outcomes of altering the past and/or using any means or methods in an attempt to shape a different (personal) future.
Cause = effect. We can all try to be better, do better, strive for better.... and we all should. That's a whole different ballgame. However, while doing this we must accept and recognize that negative outcomes may occur. Especially so considering massive amounts of moolah.
E.g: Anon decides to pull 401K and dump it all into stonks. Stonks go lunar. Anon is rich now with FU money. Anon buys fancy meme car. Anon's loved one gets murdered during carjacking.
I know... ridiculously oversimplified example. But, that's the beauty of the universal unknown and how the divine timeline both adapts to our actions and shapes future pathing. We think we know something like what may have been imagined as nice or best for a moment.... but in truth we know very little. Today's boon may be tomorrow's detriment. Or it could lead to a zenith of unbridled happiness!
Excellent conversing with you fren! May your weekend be blessed!
Enjoyable read. You, too, have a good weekend. This has been refreshing.
Musk is going to unleash armies of robots in the near future. They will do EVERYTHING. Eventually there will be no need for human labor. I'm willing to bet Tesla is going high order. The only US competition is Boston Dynamics and they suck at mass production. Elon on the other hand is a freaking monster when it comes to production.
I really can’t wait to get my Optimus robot. My hubby is apprehensive because he thinks it’s going to kill us 😂😂😂
If it can wash and fold laundry my wife will be happy...😁
They will:
Anything that is a commodity or a mine.
Also, 10% for the Big Guy that is gold. Something similar for silver - for liquidity. Keep it is chunks of change that can relieve an emergency or something like that. I like the sealed tubes of 20oz, for example, and don't open them. When the time comes and the car needs fixing, it will sell nicely.
90% of my stocks are in mining, The US has over 150 trillion in the ground, Trump wants to unleash it.
Get into Rubber.
Only BTC, its worth learning about and you can get exposure thru IRA or 401k
Buy Silver & Gold from local dealers….
Best investment I’ve ever made!
I really think you should listen the the Rich Habits podcasts. Good sound and balanced information. Been investing for over 50 years and they have taught me more in the last 2 years than my paid brokers.
I started with my company provided 401k. They used Fidelity, and I’ve been with them ever since. Our Company only allowed us to invest in Mutual funds. These are ideal as mutuals contain a variety of individual stocks. Do a little research and find mutuals that have returned more.
Get some paper to trade on. George Gammon, Economic Ninja, J Bravo, you will find others quickly. It is not about 'trading' on their advice. It is about immersion in the market.
Paper trade. Trade a real dollar amount... but small under $100. See if you can may any trades that go up.
Then go follow the people here that are telling you to get a financial advisor.
We let our financial advisor handle our 401Ks and our investment accts. However there are a couple of our favorites we’ll have her buy when we have extra cash or some dividends to reinvest. My husband likes Deere so he has some extra shares of that he adds to now and then. It’s been a really good stock over the years. I just bought $10k Tesla last week (I should have waited a couple more days but it was a good deal). I think the Tesla Optimus robot is going to change the world and may be available to the retail market next year. With the price tag of $30k I know I want one. 😀 If you’re going to play around though, just use $$ you’re not afraid of losing and be in for the long haul. I just figure my kids will get it and they could be rich if I make some good moves. ❤️
Gold
DYOR, homework