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Message
re: Thinking about quitting stock picking
Posted on 8/25/14 at 3:23 pm to Hawkeye95
Posted on 8/25/14 at 3:23 pm to Hawkeye95
quote:
If you have less than 250k, I wouldn't really put anything into individual stocks if it was me.
Ya, I just doubt the average person has 250k at 25 years old or whatever nebulous "young age" we were talking about.
I'm all for the idea of taking the big swing with a side cushion existing, but if all your money is tied up in these big swings and you have little to show for it at 35 or 40, you're going to feel pretty dumb.
quote:
Perhaps $10,000 was too extreme, but the same holds true using a few grand.
That changes things a bit.
This post was edited on 8/25/14 at 3:27 pm
1
Posted on 8/25/14 at 3:31 pm to Teddy Ruxpin
quote:
Ya, I just doubt the average person has 250k at 25 years old or whatever nebulous "young age" we were talking about.
I think its reasonable if you are a young professional, married, you could have 250k by the time you are 30. I would consider that young but maybe I am old.
I don't want to OT brag here, but I certainly had that by the time I was 30. And I wasn't doing that well (75k or so).
eta: I think we agree though, buying individual stocks is stupid for a low wealth investor.
This post was edited on 8/25/14 at 3:32 pm
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