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Posted on 6/21/17 at 1:32 pm to MaHittaMaHitta
Vanguard index fund. Let it ride.
Posted on 6/21/17 at 1:41 pm to MaHittaMaHitta
CTL
Posted on 6/21/17 at 3:41 pm to DeafVallyBatnR
As others have said, stick with index funds as a new, inexperienced investor. I learned the hard way that you can easily lose a lot of money putting too much money in one stock.
Posted on 6/21/17 at 4:06 pm to saderade
quote:
learned the hard way that you can easily lose a lot of money putting too much money in one stock.
How much did your lesson cost?
Posted on 6/21/17 at 6:08 pm to MaHittaMaHitta
From your responses, I have a question for you...
Do you want to play around or do you want to make money? The way to make money is to have a very specific plan and be extremely measured in your decisions & actions.
Having a couple hundred $$ to throw at a few random stocks just to see what happens is no different than gambling.
Making money in the market is hard hard work, PLUS you also takes some luck. There are alot of really smart people that do this as a career and a large percentage of them don't even match the returns of an index fund (learn about index funds).
The only time I could have ever outplayed the market is when I've insider information on companies I've done consulting for & knew more about them than what you could gather from public knowledge. I couldn't buy stock bc that's illegal... so think about that.
Do you want to play around or do you want to make money? The way to make money is to have a very specific plan and be extremely measured in your decisions & actions.
Having a couple hundred $$ to throw at a few random stocks just to see what happens is no different than gambling.
Making money in the market is hard hard work, PLUS you also takes some luck. There are alot of really smart people that do this as a career and a large percentage of them don't even match the returns of an index fund (learn about index funds).
The only time I could have ever outplayed the market is when I've insider information on companies I've done consulting for & knew more about them than what you could gather from public knowledge. I couldn't buy stock bc that's illegal... so think about that.
Posted on 6/21/17 at 6:49 pm to HailToTheChiz
quote:
IMO that's ridiculous
Posted on 6/22/17 at 8:04 am to MaHittaMaHitta
To be honest, I think it's pointless to even invest with that amount of money. Let's say this stock you're in "soars" and goes up 40% (this is a pretty big increase) from .25 to .35 per share.
So now you have made .10/per share and at 200 shares that's $20.
Not really worth it since stock prices don't usually increase by that amount unless something big happens.
So if I were you I would take the $51.25 you invested, go buy a book and read up on stocks and learn how to analyze charts before you really start investing.
So now you have made .10/per share and at 200 shares that's $20.
Not really worth it since stock prices don't usually increase by that amount unless something big happens.
So if I were you I would take the $51.25 you invested, go buy a book and read up on stocks and learn how to analyze charts before you really start investing.
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