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re: Just opened my first Roth IRA, now what?
Posted on 7/11/19 at 4:33 pm to Ingeniero
Posted on 7/11/19 at 4:33 pm to Ingeniero
Won’t be a popular opinion, but I would not do anything right now. All time high markets and don’t want to get into politics, but there are some important events in the near future. I’d spend some time researching stocks, learning how to use the platform of whoever you set your account up with.
Pay attention to the news and watch how individual stocks react to bad news (while investing in stocks that were oversold because of bad news is a small overall percentage of my investments, it is something I’ve been pretty successful with). I have a few exceptions where I won’t buy regardless (like in the airline industry), but watching Boeing over the last several months has been quiet interesting. I’m not saying it’s a bad buy, but I cut out airlines completely after PanAm. Still pretty enticing at times.
Pay attention to the news and watch how individual stocks react to bad news (while investing in stocks that were oversold because of bad news is a small overall percentage of my investments, it is something I’ve been pretty successful with). I have a few exceptions where I won’t buy regardless (like in the airline industry), but watching Boeing over the last several months has been quiet interesting. I’m not saying it’s a bad buy, but I cut out airlines completely after PanAm. Still pretty enticing at times.
Posted on 7/11/19 at 4:53 pm to TimeOutdoors
quote:
Won’t be a popular opinion, but I would not do anything right now. All time high markets and don’t want to get into politics, but there are some important events in the near future. I’d spend some time researching stocks, learning how to use the platform of whoever you set your account up with.
Sure the market is at all time highs and may take a downturn in the near future, but hopefully if he sticks some money in right now, that it will be worth more in 30+ years. And really that is all that matters. The only numbers that matter are the number you buy at and the number you sell at.
Posted on 7/13/19 at 3:10 pm to TimeOutdoors
If you’re worried about investing all at one time, then having a sudden market crash, then you can space investment over a period of time, say 6 months or 1 year, putting in an even fraction every month
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