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Newbie here. What should I buy?
Posted on 3/14/25 at 3:26 pm
Posted on 3/14/25 at 3:26 pm
Hey guys, my wife and I have $1000 that we would like to invest in the stock market to kind of learn more how it all works.
What app/program should we use to trade and what would be some good starter stocks to invest in?
Thanks in advance!
What app/program should we use to trade and what would be some good starter stocks to invest in?
Thanks in advance!
This post was edited on 3/14/25 at 3:27 pm
6
Posted on 3/14/25 at 3:35 pm to WHS
Read the book “Simple Path To Wealth” by JL Collins. It was eye opening for me.
I would stay away from individual stocks to start and start putting money regularly away in a low cost index fund. I use FSKAX but there are several out there and you can pick one at the brokerage of your choice.
I would stay away from individual stocks to start and start putting money regularly away in a low cost index fund. I use FSKAX but there are several out there and you can pick one at the brokerage of your choice.
Posted on 3/14/25 at 3:40 pm to WHS
You can never go wrong buying hookers and blow - or so I've been told.
Posted on 3/14/25 at 3:41 pm to WHS
quote:
Hey guys, my wife and I have $1000 that we would like to invest in the stock market to kind of learn more how it all works.
What is your strategy? Long term, short term, day trading? I assume you are young?
Posted on 3/14/25 at 3:43 pm to UASports23
quote:
What is your strategy? Long term, short term, day trading? I assume you are young?
To be honest, I’m not sure what our strategy is. We are both in our mid 30s and I guess for now it would be short term but eventually would move to long term.
Posted on 3/14/25 at 4:07 pm to WHS
Buy index funds only and set it up as a recurring weekly investment. I’d recommend an S&P 500 index or a total stock market index. Diversifies your risk and you’ll get a good amount of growth. Set this up in a Roth IRA if you can for tax free growth to retirement. Don’t overthink it.
Posted on 3/14/25 at 4:22 pm to WHS
This post was edited on 3/14/25 at 4:24 pm
Posted on 3/14/25 at 4:33 pm to WHS
quote:
Newbie here. What should I buy?
a lambo
Posted on 3/14/25 at 4:42 pm to WHS
Don't try to out smart the pros just buy an index fund and get average returns owning a bit of all the largest company stocks.
If your outlook is short term and you need this money just buy CDs or use a HYSA.
If your outlook is short term and you need this money just buy CDs or use a HYSA.
This post was edited on 3/14/25 at 4:43 pm
Posted on 3/14/25 at 11:06 pm to WHS
SLI
That's if you want to be fabulously wealthy
That's if you want to be fabulously wealthy
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