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Can't wait to start investing. Y'all are great!

Posted on 1/27/21 at 6:41 am
Posted by BayouBengal23
BR
Member since Mar 2019
569 posts
Posted on 1/27/21 at 6:41 am
So, I am not in a point in my life where I can start investing outside of my 401k due to low income. However, I keep up with the board daily just to learn for when I do get in the game. Seems like quite a fun ride! You guys rock and have great information across the board.
Posted by thelawnwranglers
Member since Sep 2007
38754 posts
Posted on 1/27/21 at 6:42 am to
Take that $600 and robinhood it
Posted by MrJimBeam
Member since Apr 2009
12268 posts
Posted on 1/27/21 at 6:45 am to
Yeah you can do fractional shares and not have much scratch in the game if you aren’t able to. Play and learn while you don’t have much so that when you do, you’ll be better prepared. That’s my recommendation as someone that went through this over the last couple years.
Posted by BayouBengal23
BR
Member since Mar 2019
569 posts
Posted on 1/27/21 at 6:50 am to
quote:

Take that $600 and robinhood it
I would have but it went into savings....
Posted by JamalSanders
On a boat
Member since Jul 2015
12135 posts
Posted on 1/27/21 at 7:01 am to
quote:

I would have but it went into savings....


Then take $50 of it and Robinhood it. Let me know if you want a referral link. You and me both will get a free stock in the $5-$25 range.
Posted by thelawnwranglers
Member since Sep 2007
38754 posts
Posted on 1/27/21 at 7:04 am to
quote:


I would have but it went into savings....


Building emergency fund?
Posted by BayouBengal23
BR
Member since Mar 2019
569 posts
Posted on 1/27/21 at 7:07 am to
Getting my 3-6 months expenses set up. Right at about 3 months right now.
Posted by thelawnwranglers
Member since Sep 2007
38754 posts
Posted on 1/27/21 at 7:33 am to
quote:

Getting my 3-6 months expenses set up. Right at about 3 months right now.


Building wealth simple formula keep cost below revenue

Good deal and good luck
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 1/27/21 at 7:49 am to
If it’s fun and exciting, it’s not investing, it’s gambling
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10386 posts
Posted on 1/27/21 at 8:58 am to
Why robinhood as opposed to Etrade or one of the other big boys?
Posted by Jag_Warrior
Virginia
Member since May 2015
4083 posts
Posted on 1/27/21 at 9:00 pm to
quote:

If it’s fun and exciting, it’s not investing, it’s gambling


The late 90s were fun too... til they weren’t.

The people who are newer to trading just have to realize that this is an anomaly. Don’t try to convince yourself that this party will last forever. But hey, enjoy it while it does last.
Posted by Dawgfanman
Member since Jun 2015
22223 posts
Posted on 1/27/21 at 9:02 pm to
quote:

So, I am not in a point in my life where I can start investing outside of my 401k due to low income. However, I keep up with the board daily just to learn for when I do get in the game. Seems like quite a fun ride! You guys rock and have great information across the board.


Sir this is a Wendy’s
Posted by Centinel
Idaho
Member since Sep 2016
43319 posts
Posted on 1/27/21 at 9:04 pm to
quote:

So, I am not in a point in my life where I can start investing outside of my 401k due to low income.


Uh, the fact you're even dropping money in to your 401k puts you way, waaaaay ahead of your average mouthbreather in this country.

Posted by GAFF
Georgia
Member since Aug 2010
2450 posts
Posted on 1/27/21 at 9:06 pm to
quote:

BayouBengal23


You sound like you have your head in the right place by getting your ducks in a row first. Good luck to you.
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