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Could someone with just $1000 take advantage of this downturn through stock trading?
Posted on 3/9/20 at 5:01 pm
Posted on 3/9/20 at 5:01 pm
My Roth IRA is set up okay and I’m on track with my savings (emergency is good and currently saving for a house).
With the recent dip in the market, would I be able to make money over the next 12 months with $1000? Or will fees and taxes eat into it?
Or is there a different avenue for making money in the market I should look into?
Roth is currently an ETF through VTI.
With the recent dip in the market, would I be able to make money over the next 12 months with $1000? Or will fees and taxes eat into it?
Or is there a different avenue for making money in the market I should look into?
Roth is currently an ETF through VTI.
21
Posted on 3/9/20 at 5:07 pm to StringedInstruments
Go to E-Trade ..open an account..no cost or transaction fees.
Posted on 3/9/20 at 5:13 pm to StringedInstruments
I'd buy some of the extremely battered sectors like energy, cruise companies etc. Those probably give you your best bet to double your money.
Posted on 3/9/20 at 5:18 pm to StringedInstruments
Not really.
This post was edited on 3/9/20 at 5:25 pm
Posted on 3/9/20 at 5:19 pm to StringedInstruments
I'd like to find a penny stock that will be worth a quarter after the hysteria dies down.
Posted on 3/9/20 at 5:25 pm to StringedInstruments
quote:YES !
Could someone with just $1000 take advantage of this downturn through stock trading?
Posted on 3/9/20 at 5:33 pm to kywildcatfanone
Posted on 3/9/20 at 5:34 pm to StringedInstruments
Yes, go buy Caribbean Cruise (RCL)
Jan 2020 $135
Today $48.35
Jan 2020 $135
Today $48.35
Posted on 3/9/20 at 5:43 pm to StringedInstruments
I could see you buying 50-100 shares of MRO
and splitting the rest between a cruisline and an airline.
and splitting the rest between a cruisline and an airline.
Posted on 3/9/20 at 5:43 pm to bstew3006
I remember textron at $3.86 in March 2009, missed it but bought Dow at $6.00 instead.
Pretty quickly turned my $1200 into double and triple.
Pretty quickly turned my $1200 into double and triple.
Posted on 3/9/20 at 5:50 pm to eng08
CPE stock down 68% today
Posted on 3/9/20 at 5:58 pm to StringedInstruments
At $34/share RDSA is offering a 11% dividend which would basically be for life not gonna beat a guaranteed return of 11% for basically ever
Posted on 3/9/20 at 6:05 pm to CheEngineer
You know that if either they cut their dividend or their stock price increases that there won’t be an 11% dividend return any more?
Posted on 3/9/20 at 8:36 pm to TheIndulger
Let me know last time they cut that dividend chief and how does the price going up change the amount you paid for that dividend per share not so good at that math thing are we
This post was edited on 3/9/20 at 8:47 pm
Posted on 3/9/20 at 8:38 pm to TheIndulger
quote:
You know that if either they cut their dividend
legit concern
quote:
r their stock price increases that there won’t be an 11% dividend return any more?
huh ?
Posted on 3/10/20 at 1:58 am to Paul Allen
quote:
CPE stock down 68% today
I loaded up at .43
Posted on 3/10/20 at 4:12 am to CheEngineer
quote:
Let me know last time they cut that dividend chief
They had almost no free cash flow when oil was closer to 70/barrel. The only way they don't cut the dividend is by selling valuable assets.
Destroying value to pay a dividend is bad business in the long run
Posted on 3/10/20 at 5:43 am to StringedInstruments
No one has really answered your question. It is yes.
You can open a small brokerage account for $1000 at several places and trade for free. Some firms have a minimum amount. Someone above was correct to suggest Etrade as a consideration.
So if what you invest in now is up in a year from now, you will have a profit if you sell. If you do, you will have to pay capital gains taxes on the profit.
If it is down, you will not have taken advantage of the market. If I could tell you what to buy and when to sell, I would be a very rich man.
You can open a small brokerage account for $1000 at several places and trade for free. Some firms have a minimum amount. Someone above was correct to suggest Etrade as a consideration.
So if what you invest in now is up in a year from now, you will have a profit if you sell. If you do, you will have to pay capital gains taxes on the profit.
If it is down, you will not have taken advantage of the market. If I could tell you what to buy and when to sell, I would be a very rich man.
Posted on 3/10/20 at 7:36 am to StringedInstruments
I opened an Ameritrade account last week. Put 500 in and dropped another 1000 yesterday. I'm going to auto deposit about 50-100 bucks a month there. All long term plays....not trying to make a quick profit, although I'll take it. I'm trying not to log into my Vanguard account. I don't want to see how bad I've been hit. I have 20 years to retirement, so I have a long way to go.
I have 20 years to retirement, so I have a long way to go.This post was edited on 3/10/20 at 7:44 am
Posted on 3/10/20 at 7:45 am to StringedInstruments
If you put that $1000 into the right stock, it will double when the market returns to the levels it was at a month ago. I suggest looking at SPXL.
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