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Message
New to investing
Posted on 2/4/14 at 7:10 pm
Posted on 2/4/14 at 7:10 pm
Good evening folks, new guy here just wanted to introduce myself before I asked for some knowledge and insight. Hope everyone is having a good week so far!
I have recently graduated from LSU and I am looking to start building my stock portfolio. Besides from my savings, I have a small amount invested in a franklin high yield account. I believe the time is right to start expanding my investments.
Since I admittedly do not have an abundance of knowledge in this area, I'm turning to y'all for some suggestions. Any advice or pointers you could offer about what are a few good companies to begin my portfolio with would be greatly appreciated! Thank you!
I have recently graduated from LSU and I am looking to start building my stock portfolio. Besides from my savings, I have a small amount invested in a franklin high yield account. I believe the time is right to start expanding my investments.
Since I admittedly do not have an abundance of knowledge in this area, I'm turning to y'all for some suggestions. Any advice or pointers you could offer about what are a few good companies to begin my portfolio with would be greatly appreciated! Thank you!
Posted on 2/4/14 at 7:19 pm to zbeaux13
Invest in a few blue chips that pay substantial dividends, preferably in a dividend reinvestment program. Collect your dividends as you learn as much as you can about the companies and the various factors which impact their stock prices.
Posted on 2/4/14 at 7:24 pm to zbeaux13
Obligatory buy low sell high
Posted on 2/4/14 at 7:59 pm to zbeaux13
Open an IRA if you haven't. Look into roth vs traditional on google or the like.
Start putting into a 401k if you haven't.
Lots of people on here are partial to index funds which take a lot of guesswork out of investing
Start putting into a 401k if you haven't.
Lots of people on here are partial to index funds which take a lot of guesswork out of investing
Posted on 2/4/14 at 8:11 pm to zbeaux13
For n00bs with not very much money at all I suggest a couple of things:
1) The usual choice (and it is what I do myself) is to set aside as much as you can each month in a tax-deferred account such as a IRA or 401(k). I like the Roth since you can pull out contributions at any time without any penalty - this means it can double as an emergency fund while you build it up and still get the tax break.
2) Or (stay with me for a second) you can take up day trading. Not to get rich, but to figure out early when there isn't much to risk that yes, the market really is tough to beat and learn what your risk tolerance is. I've seen too many bored retirees decide they can get rich by day trading naked options, and yes you can do okay for awhile. Until it goes to hell. Better to learn this early while you can recover with future earnings.
1) The usual choice (and it is what I do myself) is to set aside as much as you can each month in a tax-deferred account such as a IRA or 401(k). I like the Roth since you can pull out contributions at any time without any penalty - this means it can double as an emergency fund while you build it up and still get the tax break.
2) Or (stay with me for a second) you can take up day trading. Not to get rich, but to figure out early when there isn't much to risk that yes, the market really is tough to beat and learn what your risk tolerance is. I've seen too many bored retirees decide they can get rich by day trading naked options, and yes you can do okay for awhile. Until it goes to hell. Better to learn this early while you can recover with future earnings.
Posted on 2/4/14 at 8:12 pm to zbeaux13
Step 1: Be good looking
Step 2:Buy a shitty duplex and rent it to section 8.
Step 3: Ball so hard mother fucas wanna fine you
Step 4: Repeat
Step 2:Buy a shitty duplex and rent it to section 8.
Step 3: Ball so hard mother fucas wanna fine you
Step 4: Repeat
Posted on 2/4/14 at 10:02 pm to zbeaux13
diversify, dollar cost average and don't miss a month
Posted on 2/7/14 at 3:59 pm to zbeaux13
quote:
I have recently graduated from LSU and I am looking to start building my stock portfolio. Besides from my savings, I have a small amount invested in a franklin high yield account. I believe the time is right to start expanding my investments.
Index funds.
My IRA is distributed between SPY and TLT.
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