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Started By
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How did you get into the stock market?
Posted on 2/5/21 at 9:39 pm
Posted on 2/5/21 at 9:39 pm
My parents never bought a stock in their lives, so I knew nothing about the market. One day my wife was shopping and I was waiting for her. I was bored and saw a rack of some pamphlets. They were prospectus’s for mutual funds. (This was in the 1980’s) I started reading them and was amazed by the past returns. I bought my first mutual fund shortly thereafter, joined an investment club, started reading a ton of books, and was a financial advisor for awhile. I still love it to this day. Making money never gets old.
Posted on 2/5/21 at 9:42 pm to RedMustang
My dad was really interested in the markets and started teaching me about it when I was about 14.
Posted on 2/5/21 at 9:45 pm to RedMustang
Dot com bubble, fall of ‘98
Posted on 2/5/21 at 9:46 pm to RedMustang
I don’t want to work forever. It’s the easiest way of investing capital.
Posted on 2/5/21 at 9:52 pm to RedMustang
Partially by reading this board. (Full disclosure, I’m now partially retarded)
Posted on 2/5/21 at 9:57 pm to RedMustang
After earning a Master’s in history I was working in the North Dakota oil fields with my dad and making some good cash.
I read this board furiously then opened a Roth that February. This was now 7 years ago.
In 2014 I opened an Acorns account, and 2015 a Robinhood. I started investing in AUPH in 2017.
I read this board furiously then opened a Roth that February. This was now 7 years ago.
In 2014 I opened an Acorns account, and 2015 a Robinhood. I started investing in AUPH in 2017.
Posted on 2/5/21 at 9:59 pm to RedMustang
Read a Cramer book in 2007 or 2008, then opened up an etrade account with like 500 bucks.
Posted on 2/5/21 at 10:37 pm to RedMustang
Working a job right of college with per diem. Was making so much money after maxing out 401k and savings, I needed to find something else. Started with mutual funds, then stocks.
Posted on 2/5/21 at 10:50 pm to RedMustang
I was in college and doing a summer internship at honeywell. They had a bad quarter and their stock tumbled. All the old baws at the plant were saying it was a good buy since there were only temporary issues for the bad quarter. They showed me how to open an etrade account and I bought my first stocks. $32 a share in 2000.
Posted on 2/5/21 at 10:53 pm to RedMustang
quote:
My parents never bought a stock in their lives
Same here. They started with zero, never made more than probably $50-75k each at the end of their careers, if that, mother retired at 50, sent three kids to college, never inherited shite, and they have net worth north of a million+ because they are very tight with a buck and ... put it all in CDs.
I put the first $5,000 I saved in Fidelity Blue Chip Growth, and it’s now worth over $70,000, without me adding a penny since. My lord, what my parents could have made if they put even 25% of their savings in an index fund.
Posted on 2/5/21 at 11:23 pm to RedMustang
My father taught me some things when I was a kid, I’d always watch him do research and he’d let me make picks. I became a stock broker after college but it didn’t work out due to some unfortunate circumstances.
This post was edited on 2/6/21 at 11:42 am
Posted on 2/5/21 at 11:23 pm to Twenty 49
My parents have always had stock- mostly mutual funds, but Mom inherited 1600 shares of XOM. Dad has a small pension from Arkla gas, and a ton in mutual funds. I learned about mutual funds and retirement from him, but I learned how to trade, what to buy/sell from here. Our portfolio was ‘ok’, but mostly flat since I opened it in 2015. I learned from TD that ‘buy and hold’ isn’t always the best- I learned that you can self manage and save the fees from Edward Jones if you can do a little research. And so far, I’m better off
Posted on 2/5/21 at 11:25 pm to RedMustang
There was a required economics class in high school that everyone had to take to graduate. Part of the class covered stocks, and we set up a portfolio. Everyday in class we would go over the newspapers to see how our stocks did the day before. A few years later, I had a neighbor who was heavily invested in stocks. I learned a lot from him. Over the past couple years I've learned more on my own.
Posted on 2/6/21 at 1:40 am to RedMustang
Parents never did, but I've always had an interest in it so I bought a few courses online and started studying in my off time. After about 6 months of study March 2020 came around and I had a couple Grand saved up, bought into my interests and I'm now up 400%. Safe to say that crash will never happen again (I hope) but I've learned a boatload in the last year.
Posted on 2/6/21 at 6:06 am to RedMustang
I've always been in it but since covid I've taken a more hands on approach instead of passive investing, since I had more free time.
Posted on 2/6/21 at 6:32 am to RedMustang
No one taught me how. I wanted to start saving for retirement and slowly building wealth. So I had a Robin Hood account and bought and sold some stocks here and there just to get my feet wet for a couple years. Great learning process. But I never really trusted Robinhood with much money. I started with some money I got when my grandfather died.
I used to have a motley fool subscription which had some good research and tips in it and helped me learn a few things then I transitioned to doing my own research. This board has helped a lot.
I transferred my entire portfolio to E*TRADE and started actively investing
I have tried very hard to stay away from swing trading penny stocks and making stupid snap decisions. I’ll keep my AMC and GME stocks forever to remind me how stupid decisions cost money.
I used to have a motley fool subscription which had some good research and tips in it and helped me learn a few things then I transitioned to doing my own research. This board has helped a lot.
I transferred my entire portfolio to E*TRADE and started actively investing
I have tried very hard to stay away from swing trading penny stocks and making stupid snap decisions. I’ll keep my AMC and GME stocks forever to remind me how stupid decisions cost money.
This post was edited on 2/6/21 at 6:42 am
Posted on 2/6/21 at 6:43 am to fallguy_1978
quote:
My dad was really interested in the markets and started teaching me about it when I was about 14.
Same. My dad would get me personal finance books for Christmas every year starting in 8th grade.
Posted on 2/6/21 at 7:59 am to ldts
quote:
Everyday in class we would go over the newspapers to see how our stocks did the day before.
We did something similar. All the kids picked Coca Cola, Disney, and mature companies they knew. I took a flyer on some small-price health technology stock (wish I could remember the name to look it up), got lucky, and kicked arse on the largest percentage gain in the class.
Our local paper still has a "stocks of local interest" box each day, but this just reminded me that on the weekend, likely Sunday, they would publish details of (I think) all the stocks traded on the NYSE. Page after page of info. Other than that, you had to call a broker if you wanted to know a price.
Posted on 2/6/21 at 8:09 am to RedMustang
I was kinda always interested in it. Never really read book or really knew what to do. Used to just bring extra cash to a guy my parents used. I got a business minor in college to help boost my gpa. Finance was one of the classes required. I became more intrigued. I kept just putting money into the same account with my parents FA, but I began asking more questions.
After graduation I got a real job which came with 401k, hsa, and more dress cash since I still live like a poor college student.
I started a RobingHood account got out of that quick. They suck. Then a few months later the corona and the market crashed. And I opened an account through Fidelity and began trading there. It was less risky when the market was at the bottom just assumed most things would go up atleast halfway back to preforms numbers. It was more long term hold anyway.
I recently have begun to actually become interested and am considering doing a lot more learning and potentially a masters in finance eventually.
After graduation I got a real job which came with 401k, hsa, and more dress cash since I still live like a poor college student.
I started a RobingHood account got out of that quick. They suck. Then a few months later the corona and the market crashed. And I opened an account through Fidelity and began trading there. It was less risky when the market was at the bottom just assumed most things would go up atleast halfway back to preforms numbers. It was more long term hold anyway.
I recently have begun to actually become interested and am considering doing a lot more learning and potentially a masters in finance eventually.
Posted on 2/6/21 at 8:21 am to RedMustang
Got into IRA's for the tax deduction. Had a broker prior to Etrade that was crappy. When the market was up a lot, my account would go up a little. When the market was down, my account would go down a lot. Thank goodness for Internet.
In the 2008-9 Great recession, I moved money from bonds to Vanguard ETFs on Etrade and let it ride.
In the 2008-9 Great recession, I moved money from bonds to Vanguard ETFs on Etrade and let it ride.
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