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Message
re: Advice for trading
Posted on 7/1/11 at 7:21 pm to biwinning
Posted on 7/1/11 at 7:21 pm to biwinning
quote:
Thanks for the advice foshizzle. I've also heard that a lot of stock traders do it more for the sport than anything else. I will definitely look more into index funds now
I freely admit that I invest in individual stocks right now (at the age of 22 with money that is not even mine) because I enjoy the rush of it, and it is more exciting to own an actual company rather than "The S&P spider index." What I will probably do is open a Roth and then invest more in individual stocks, maybe even do some swing trading. With my 401k, however, I will invest up to the company match and put that money in some boring ETF. I think this is a good balance of the two. (Plus, if I do happen to get lucky in a Roth, all the earnings are tax free in 37 years).
This post was edited on 7/1/11 at 7:22 pm
2
Posted on 7/2/11 at 5:33 pm to LSUtoOmaha
quote:
(Plus, if I do happen to get lucky in a Roth, all the earnings are tax free in 37 years).
Maybe, Maybe not, tax free. Our illustrious government has been known to change the rules as they go.
Posted on 7/5/11 at 1:08 pm to LSUtoOmaha
quote:
because I enjoy the rush of it,
You want a real rush kid? trade futures. either you will feel the rush or you will wet your pants.
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