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Investors / Options Traders
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12-30-2020, 05:02 PM | #23 | |
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Be a Boglehead. https://www.bogleheads.org/wiki/Getting_started |
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gqgambler716.00 Nativetexan305.50 |
12-30-2020, 07:56 PM | #24 |
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Mosaud1998 I like your buying individual stocks.
I’d also suggest gaining familiarity with TreasuryDirect.gov. Of course at this point it’s a game as opposed to as some suggest an error or detriment to your financial future. Things like your education and career or inheritances or future partner or even health are going to have greater repercussions on your financial future than the money you put into stocks at this point in your life. After the first of the year and after the inauguration I’ll get back into a routine of reading investment news sources and online brokerage sources to key in on some stock purchases. With 5g, home renovation just the lifestyle changes due to Covid I’m looking to buy something new. I think I’m going to look at GM. |
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12-30-2020, 07:58 PM | #25 |
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Put in bitcoin and forget about it. Remember it 10 years later and retire on the millions you made.
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01-01-2021, 07:53 PM | #27 | |
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https://www.reddit.com/r/investing/c...8e7/cool_etfs/
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Last edited by NorCalAthlete; 01-01-2021 at 08:06 PM.. |
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01-02-2021, 04:30 AM | #28 |
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Echoing others, ROTH IRA first, also make sure you are maximizing your 401k. THEN you can dip your toe into the stock market. I have positions in Apple, Netflix, Tesla, Disney among others.
Apple is my biggest position that I've held the longest. It was the first stock I ever bought 12 years ago. Netflix is my second biggest with 425% gain Tesla would have been my biggest, but I made a bad call years ago. Still seeing gains, but not nearly what it could have been. Right now I am looking at crypto, but a part of me is still skeptical. I threw in what I could afford to lose just to enjoy the ride. Also my LAC stock has finally payed off after sticking it though 6 mediocre years. I saw a 300% gain since then, most of which was this year. It's still fairly cheap, still a development stage company, but looks like it's going to mature to be a big player in the future. At $12 this could be my next Netflix buy. I also have PLL, but I was a bit late on it.
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01-02-2021, 09:55 AM | #29 | |
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01-02-2021, 10:39 AM | #30 | |||
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Covered calls are one of the best (and safest) things out there. However, I wouldn't suggest not trading options. I think it's a great first step to try paper trading and then move to the real thing.
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01-02-2021, 11:14 AM | #31 |
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I ran investments for a few companies in the past, and day traded for a bit. Did pretty good, but have moved all of our 401k and personal investments to Vanguard Wellesley and Wellington funds (part stock/part bonds etc). Conservative with ok returns. (8-10% year, which is decent with amount we have in there.)
If you are young, run with S&P funds, and enjoy the ride...just start going, adds up by the time you are 50 I'm a big Vanguard fan, low fees, good returns and fantastic customer service/advice. (those 2 funds have been voted best bang for buck, low risk, ok returns) Good luck and of course consult your financial advisor blah blah |
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01-03-2021, 02:22 PM | #32 |
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I played with futures last night in the cryptos... was triple my money went to the refrigerator and came back and it hit the stop loss by going over by $1... way too tuff to play for the most part.... the way it worked that I was playing is you pick the bottom and depending on how much you want to lose for the stop loss and it's not much... 5% loss was only like giving $10 leeway.... 45% loss gave $150 leeway (this is how much you can go below your pick) .... in the end... don't do it... way toooooo tough... just my opinion...
Last edited by FastF30; 01-03-2021 at 02:29 PM.. |
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