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Message
Message to New Investors:
Posted on 3/13/20 at 10:04 am
Posted on 3/13/20 at 10:04 am
I'm a personal proponent of investing, and I'm glad to see people understanding that they should buy while stocks are lower.
With that said, if you're new to investing and you actually have a real desire to learn more, that's great, but competency doesn't develop overnight.
Some of you are experiencing the latest fad that will show itself to be fleeting as soon as the excitement is over, but there are others want to actually educate themselves for the betterment of their families and posterity.
To those of you who are serious- read, read, read, and read some more.
I've been at this for seven years now, and I'll be the first to admit that I've got a lot to learn. I have a working knowledge of the market, but only because I've never stopped trying to learn more.
You won't be an expert overnight, and if you miss this opportunity it might be because you haven't been preparing yourself for the last few years while things seemed fine. That's just part of it.
Lastly, if you make a few hundred dollars in the coming months, just hold those stocks. Stay invested. There's no reason to sell (day trade/swing trade) unless you are willing to risk five figures each and every day, and most don't have the knowledge for that. It won't end well.
to creating generational wealth
With that said, if you're new to investing and you actually have a real desire to learn more, that's great, but competency doesn't develop overnight.
Some of you are experiencing the latest fad that will show itself to be fleeting as soon as the excitement is over, but there are others want to actually educate themselves for the betterment of their families and posterity.
To those of you who are serious- read, read, read, and read some more.
I've been at this for seven years now, and I'll be the first to admit that I've got a lot to learn. I have a working knowledge of the market, but only because I've never stopped trying to learn more.
You won't be an expert overnight, and if you miss this opportunity it might be because you haven't been preparing yourself for the last few years while things seemed fine. That's just part of it.
Lastly, if you make a few hundred dollars in the coming months, just hold those stocks. Stay invested. There's no reason to sell (day trade/swing trade) unless you are willing to risk five figures each and every day, and most don't have the knowledge for that. It won't end well.
to creating generational wealth This post was edited on 3/13/20 at 10:12 am
6
Posted on 3/13/20 at 10:08 am to bayoubengals88
The down market finally gave me reason to get into it. I've been reviewing a few courses on trading from UDemy for the last few months as a precursor. I'd recommend new people start there. The classes will list around $200/pop but they routinely have sales at $10/per so just a heads up there!
Posted on 3/13/20 at 10:22 am to AllDayEveryDay
Posted on 3/13/20 at 10:28 am to bayoubengals88
The money being made and lost is going to be so lopsided 
Posted on 3/13/20 at 10:29 am to insuredbybusch
quote:
Motley Fool article on where to invest $1K
quote:
For those with $1,000 to invest right now, here's how I'm allocating to these stocks: One share each of Facebook and NVIDIA, four shares of Texas Roadhouse, three shares of Square, and six shares of STORE Capital. As of this writing, that leaves about $25 left in cash to be invested later or used as a personal reward (like lunch or ice cream!) for investing for the long-term even though it feels totally wrong to do so. Power through the tidal wave of bad news, and stay focused on the future potential of these businesses.
This post was edited on 3/13/20 at 10:29 am
Posted on 3/13/20 at 10:42 am to bayoubengals88
Just learned what averaging down on a stock is and will be needing to use when the bleeding has stopped on the stocks i bought a few weeks ago its good companys long term so not to worried about buying more at lower prices.
its good companys long term so not to worried about buying more at lower prices.This post was edited on 3/13/20 at 10:44 am
Posted on 3/13/20 at 11:16 am to bayoubengals88
Start buying in now..10-15% of your total investment pool..
what makes sense..you will never pick the bottom.
what makes sense..you will never pick the bottom.
Posted on 3/13/20 at 11:20 am to bayoubengals88
Acorns seems pretty cool. They automatically invest credit card roundups and reoccurring deposits in various vanguard funds. So basically thought free investing.
Posted on 3/13/20 at 11:48 am to Huge Richard
quote:
Acorns seems pretty cool.
I love acorns. If only because it auto saves and invests for you. It’s a nice set it and forget it option. I usually pull my money out every other month and dump it into my etrade account. It’s great.
Posted on 3/13/20 at 12:05 pm to insuredbybusch
quote:
Motley Fool article on where to invest $1K
quote:
The market is crashing like it's 2008, getting double-whammied by the novel coronavirus pandemic and the oil price war set off by Saudi Arabia and Russia on March 6.
I think this statement is inaccurate. I believe the market is crashing and volatile because of the New York Fed entering (September 2019) entering the repo narket and increased (3-12-20) the size of its repurchasing operations.
This post was edited on 3/13/20 at 12:24 pm
Posted on 3/13/20 at 3:08 pm to bayoubengals88
I’ve only been into investing for just over 6 months and it was all like trying to understand Chineses to me. I still have a lot to learn but, in that time I’ve created and maxed out 2019/2020 solo Roth 401k and Roth IRAs. I was down (not lost) $15k. I also funded a brokerage account with $18k and invested $3k back into VTI this morning. I also transferred over another $4k into my brokerage and plan on transferring another $3k in the next few days and will start taking it slow. Fear is the mind killer, stay the coarse.
I see a lot of people in here recommending this and that and I have no idea what they are talking about most of the time, but it makes me hungry to keep learning. For now I’m sticking with VTI and VTSAX. I still have no idea what limit, stop or stop limit is, but I intend to learn. It would be nice to actually talk to someone about this, I should call Vanguard I guess.
I see a lot of people in here recommending this and that and I have no idea what they are talking about most of the time, but it makes me hungry to keep learning. For now I’m sticking with VTI and VTSAX. I still have no idea what limit, stop or stop limit is, but I intend to learn. It would be nice to actually talk to someone about this, I should call Vanguard I guess.
Posted on 3/13/20 at 3:35 pm to SalE
quote:
Start buying in now..10-15% of your total investment pool..
what makes sense..you will never pick the bottom.
That was for yesterday. Seriously, if someone is going in using 10 - 15% buckets they are crazy not to pull the trigger when plenty of non-levered equity broad market ETFs or funds are down over 10% in a day, especially significantly down YTD at that point. VO, Vanguard midcap ETF, was sitting out there down over 13%+ yesterday and down over 27% YTD, that is silly not to deploy some bucket capital then instead of waiting for the market to trend up.
Posted on 3/13/20 at 4:07 pm to tirebiter
quote:
That was for yesterday. Seriously, if someone is going in using 10 - 15% buckets they are crazy not to pull the trigger when plenty of non-levered equity broad market ETFs or funds are down over 10% in a day, especially significantly down YTD at that point. VO, Vanguard midcap ETF, was sitting out there down over 13%+ yesterday and down over 27% YTD, that is silly not to deploy some bucket capital then instead of waiting for the market to trend up.
I agree with this to an extent. I bought VTI this morning at $126 and it closed at $135 toady. I should have bought more, but you have to be cautious especially with so many closings being announced. No one can predict the market and to say people should jump all in now is also a little crazy. There are still very valuable gains to be made being cautious.
Posted on 3/14/20 at 5:07 pm to SuddenJerk
quote:
I see a lot of people in here recommending this and that and I have no idea what they are talking about most of the time, but it makes me hungry to keep learning
I’ve been an investor for 25 years. The best advice I can give you is to invest for the long term and diversify. The two hardest things to do are to sell shares of an equity that has performed well over the years and buy equities when you are in a bear market that still may not have bottomed out. But you always want to have cash on hand to pick up undervalued stocks during a correction or bear market. There’s also nothing wrong with taking a loss on an investment that has underperformed long term when the markets are down sharply.
Posted on 3/14/20 at 9:55 pm to bayoubengals88
The Fool has been just that...same for the CNBC crowd..just go in now..slowly 15-20%...
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