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3k to invest in stocks...how would you recommend to do it?
Posted on 7/13/17 at 12:44 pm
Posted on 7/13/17 at 12:44 pm
I know nothing about stocks and the world of investing is a bit daunting. I currently have about 3k that I could invest in the market...what would be some stocks to recommend, and how would you recommend the split?
12
Posted on 7/13/17 at 12:49 pm to zacata88
quote:
I know nothing about stocks and the world of investing is a bit daunting
Probably best to address this before putting money into the market.
Posted on 7/13/17 at 12:51 pm to zacata88
bump. Would the oil and gas industry be on y'alls radar since it is struggling?
Posted on 7/13/17 at 12:55 pm to zacata88
3k is the minimum for VTSMX, I'd just park it there until I learned more about the market. Once you learn more you will probably just leave it there though.
Posted on 7/13/17 at 12:57 pm to zacata88
Vanguard Total Stock Market Index. Spend some time on their site so you can learn why picking individual stocks is largely a waste of your time and money, especially if you're asking internet strangers for advice.
Repeat (and increase) periodic investments into an index fund strategy every month/quarter for next 30+ years and you'll have a giant pile of money, plus you save countless hours of stock "research" so you can enjoy yourself during the ride.
Repeat (and increase) periodic investments into an index fund strategy every month/quarter for next 30+ years and you'll have a giant pile of money, plus you save countless hours of stock "research" so you can enjoy yourself during the ride.
Posted on 7/13/17 at 12:58 pm to zacata88
quote:
I currently have about 3k that I could invest in the market...what would be some stocks to recommend, and how would you recommend the split?
That's not enough to really build up a diversified portfolio of stocks. There are some mutual funds if you are interested in just market rates. Otherwise what may be best is just pick 1 stock (preferably a company you like a lot and use their products) and put everything in that. Then when you have more money saved, pick a different stock probably something in a different sector.
large cap (well known) companies will be your best friend if you aren't really trying to learn about the stock market. Otherwise, read and learn and make decisions in the future!
quote:
bump. Would the oil and gas industry be on y'alls radar since it is struggling?
No. Maybe Exxon.
This post was edited on 7/13/17 at 1:18 pm
Posted on 7/13/17 at 1:09 pm to Hickok
VIMSX is better. Mid caps are great.
Posted on 7/13/17 at 2:58 pm to zacata88
A lot of good stuff has been said here. I'd follow Jim Cramer's advice and invest your first 3000 in an index fund. He say's to invest first 10,000 in index. I would also start watching him, listening to podcasts, follow people on twitter, and watching CNBC a lot more if you want to become more knowledgeable.
Posted on 7/13/17 at 3:14 pm to zacata88
quote:
I know nothing about stocks and the world of investing is a bit daunting.
READ THE STICKY!
Posted on 7/13/17 at 3:44 pm to zacata88
Which tech stock in the board's opinion would be best to buy right now?
Intel, NVidia, or AMD? Or spread it out between the 3?
Nvidia and AMD have had insane year to date growth, and as an amateur that scares away from buying in now. Intel, while it's not up 150-200% does distribute dividends unlike the other two.
Intel, NVidia, or AMD? Or spread it out between the 3?
Nvidia and AMD have had insane year to date growth, and as an amateur that scares away from buying in now. Intel, while it's not up 150-200% does distribute dividends unlike the other two.
This post was edited on 7/13/17 at 3:47 pm
Posted on 7/13/17 at 4:09 pm to KamaCausey_LSU
SOX - Semiconductor sector ETF
Posted on 7/13/17 at 4:36 pm to GoIrish02
Posted on 7/13/17 at 5:01 pm to ItzMe1972
He asked about "tech stocks" but then named 3 semiconductor makers, so I mentioned a semiconductor etf
Posted on 7/13/17 at 5:30 pm to GoIrish02
Right, sorry that's what I meant. Semiconductors not necessarily tech. A semiconductor ETF probably is a better idea for me rather trying to pick a winner.
Posted on 7/13/17 at 6:07 pm to zacata88
I just put 3k in an index fund that basically mirrors the S&P 500
Posted on 7/13/17 at 7:42 pm to zacata88
quote:
I currently have about 3k that I could invest in the market...what would be some stocks to recommend, and how would you recommend the split?
I think the fact that you have 3k isn't very important. What matters is your future income potential.
If you can make a solid income for the rest of your life, then you should consider a target retirement fund. Invest in that every paycheck. Forget about stock-picking. Just build your nest egg paycheck after paycheck. It works. It won't make you truly wealthy (nothing guarantees that outcome) but you should retire just fine.
If you don't have a good continuous income stream, then you need to start taking chances. This may work out or may not, but the usual route is to start your own business.
Posted on 7/13/17 at 11:50 pm to foshizzle
.
This post was edited on 6/4/20 at 6:20 am
Posted on 7/14/17 at 12:48 am to zacata88
Step one in deciding how to invest: deciding what the frick your goals are.
My recommendation for retirement will differ wildly from investing to supplement a pre-retirement lifestyle.
And everything slides around if you want to retire early.
My recommendation for retirement will differ wildly from investing to supplement a pre-retirement lifestyle.
And everything slides around if you want to retire early.
Posted on 7/15/17 at 6:08 pm to zacata88
Put it in an index fund unless it is play money and you want to try to pick some stocks. If you have the stones then follow NUGT and try to scalp some profits. Its returns are 3x
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