The Investment Thread (8 Viewers)

so, is everyone on here dedicated day traders? or a lot of people that just play the market on the side. i was thinking about putting a couple hundred dollars in every month or two and picking a stock to invest in just to build up some stocks. Is this a bad idea? Obviously i know there is risk, but this is more extra income i was looking to invest in a different way. My thought was to hold the stocks, not really trade daily. It seems like that would be way above my pay grade.

It seems like that might not be enough money to make a difference, but i figure over time it might build up into a side hustle.
 
Not a day trader. Just play a bit with my small IRA. I probably screw around with it more than I should, but mostly longer term holds..like, 6 months or years.
 
so, is everyone on here dedicated day traders? or a lot of people that just play the market on the side. i was thinking about putting a couple hundred dollars in every month or two and picking a stock to invest in just to build up some stocks. Is this a bad idea? Obviously i know there is risk, but this is more extra income i was looking to invest in a different way. My thought was to hold the stocks, not really trade daily. It seems like that would be way above my pay grade.

It seems like that might not be enough money to make a difference, but i figure over time it might build up into a side hustle.

I'm a buy and hold kind of guy. You strategy is a good one... but I would suggest buying into an index fund or spider that mirrors the market. Buy a little every month, and don't look at it too much. Check it out in like 5 years.

My general financial advice is:
1. Pay off high interest debt (credit cards, etc)
2. Build 6 months savings
3. Max out 401k... that should be all index funds, if you are more than 20 years from retirement, keep a high percentage in stocks, as you move closer to retirement move from stocks into bonds and cash (a good rule of thumb is subtract your age from 110, and that is the percentage that should be in stocks... I'm a bit more aggressive than that though).
4. If you have disposable cash after the above, start to invest in stocks in non-retirement accounts... invest a little every month. Again, I'd go with index funds until you hit around $100k, and then you can start looking at individual stocks.

Look at consistently hitting singles instead of home runs.
 
I'm a buy and hold kind of guy. You strategy is a good one... but I would suggest buying into an index fund or spider that mirrors the market. Buy a little every month, and don't look at it too much. Check it out in like 5 years.

My general financial advice is:
1. Pay off high interest debt (credit cards, etc)
2. Build 6 months savings
3. Max out 401k... that should be all index funds, if you are more than 20 years from retirement, keep a high percentage in stocks, as you move closer to retirement move from stocks into bonds and cash (a good rule of thumb is subtract your age from 110, and that is the percentage that should be in stocks... I'm a bit more aggressive than that though).
4. If you have disposable cash after the above, start to invest in stocks in non-retirement accounts... invest a little every month. Again, I'd go with index funds until you hit around $100k, and then you can start looking at individual stocks.

Look at consistently hitting singles instead of home runs.

Our very own Dave Ramsey... :melike:
 
I day trade when volatility is high but have started easing in more long term investments just today. I won't just hold forever though, I'll sell when I feel like the market could take a big drop.
 
For months now every time they tease a stimulus package is near the market rallies. Anyone think we'll get one in the next 30 days?
 
For months now every time they tease a stimulus package is near the market rallies. Anyone think we'll get one in the next 30 days?




The chatter that ‘compromise is in the air‘ has definitely grown louder over the last few days .. i will just tiptoe around thiS since i dont want to get banished to the Politics board, and I’ll say that it’s pretty obvious that the timing of the election is playing into this; ie the holdouts who haven’t wanted to pass anything now want aid to pour into the pockets of Americans who need help, so that it’ll be fresh in their minds on November 3rd.. I would say “IMO”, but it isnt my opinion, it’s just incredibly obvious.
 
Hold on for this ride, folks. Friday might be a doozy of a day...

 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Users who are viewing this thread

    Back
    Top Bottom