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re: First time investor, advice
Posted on 2/25/21 at 10:34 am to ChewyDante
Posted on 2/25/21 at 10:34 am to ChewyDante
Start with ETF's for bulk of your portfolio (50% SPY and 50% QQQ for example). Then pick a handful of companies that you personally know very well as a customer or whatnot; and go through a few earnings reports...get to know the price action on these companies and responses to earnings and news, etc.
That's pretty much how I started. From there, you will know what direction you want to go next. If your index etf's are doing just as well as your handpicked stocks; then put your money in index ETF's and focus on your primary income. It's not worth taking on increased risk and a 2nd job worth of hours to manage your portfolio if you cant beat QQQ. That's my personal benchmark for whether or not I'm wasting time and energy.
That's pretty much how I started. From there, you will know what direction you want to go next. If your index etf's are doing just as well as your handpicked stocks; then put your money in index ETF's and focus on your primary income. It's not worth taking on increased risk and a 2nd job worth of hours to manage your portfolio if you cant beat QQQ. That's my personal benchmark for whether or not I'm wasting time and energy.
Posted on 2/25/21 at 1:38 pm to Pendulum
quote:
Start with ETF's for bulk of your portfolio (50% SPY and 50% QQQ for example). Then pick a handful of companies that you personally know very well as a customer or whatnot; and go through a few earnings reports...get to know the price action on these companies and responses to earnings and news, etc. That's pretty much how I started. From there, you will know what direction you want to go next. If your index etf's are doing just as well as your handpicked stocks; then put your money in index ETF's and focus on your primary income. It's not worth taking on increased risk and a 2nd job worth of hours to manage your portfolio if you cant beat QQQ. That's my personal benchmark for whether or not I'm wasting time and energy.
Very rational approach.
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