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re: Could someone with just $1000 take advantage of this downturn through stock trading?
Posted on 3/10/20 at 7:47 am to deaconjones35
Posted on 3/10/20 at 7:47 am to deaconjones35
Is a year considered a long term play?
Not looking for “rich quick” scheme but I’d like to make some money for my down payment June 2021.
Not looking for “rich quick” scheme but I’d like to make some money for my down payment June 2021.
This post was edited on 3/10/20 at 7:50 am
3
Posted on 3/10/20 at 7:53 am to StringedInstruments
$1000... select an index or sector ETF that you believe in and make your play. Hold it long term and learn how things work and move over time. There are no guarantees with the equity markets, but slow & steady wins the race over the long term.
In your case, I’d avoid individual equities. That’s just not enough money at this point. You can learn some good lessons and carry that through to when you have more money to invest, or learn some bad lessons and habits and get “good” at blowing money when you have more money to invest.
In your case, I’d avoid individual equities. That’s just not enough money at this point. You can learn some good lessons and carry that through to when you have more money to invest, or learn some bad lessons and habits and get “good” at blowing money when you have more money to invest.
Posted on 3/10/20 at 7:54 am to StringedInstruments
quote:
Is a year considered a long term play? Not looking for “rich quick” scheme but I’d like to make some money for my down payment June 2021.
No. Don’t do that.
Posted on 3/10/20 at 7:56 am to StringedInstruments
Nah, I’m talking 20 years long term play. 
Posted on 3/10/20 at 8:19 am to deaconjones35
I’ve got 2,500 to play with. I looked at SPXL. May put it in there and let it sit for a few months until the market recovers and sell.
Posted on 3/10/20 at 8:36 am to Swagga
quote:
I’ve got 2,500 to play with. I looked at SPXL. May put it in there and let it sit for a few months until the market recovers and sell.
I agree. This one has my attention. Looks to me you could make a few grand on this with 2,500 in a couple of months.
Posted on 3/10/20 at 9:58 am to StringedInstruments
10 shares of Disney. You could double your money in 6 months.
Posted on 3/10/20 at 10:39 am to deaconjones35
quote:
I don't want to see how bad I've been hit.
I've lost $30k in two weeks. Makes me sick to my stomach.
Posted on 3/10/20 at 10:41 am to btnetigers
Well I opened an eTrade account and put in $1000.
But I can’t trade until the 13th.
Guess I’ll have to wait.
But I can’t trade until the 13th.
Guess I’ll have to wait.
Posted on 3/10/20 at 11:05 am to Swagga
quote:
I’ve got 2,500 to play with
same here.
i just put $1,000 into VFIAX
$750 into VGSLX and $750 into VVIAX
Posted on 3/10/20 at 1:29 pm to tigerinthawoods
quote:
I suggest looking at SPXL
Why?
Posted on 3/10/20 at 1:47 pm to Willie Stroker
Where it was exactly 1 month ago at its peak ($76 or so) doubles where it closed yesterday ($38).
Posted on 3/10/20 at 1:50 pm to kywildcatfanone
quote:
I'd like to find a penny stock that will be worth a quarter after the hysteria dies down.
I got $7 to put in
Posted on 3/10/20 at 1:58 pm to StringedInstruments
in
Posted on 3/10/20 at 2:19 pm to tigerinthawoods
Maybe I’m not understanding SPXL correctly -
I read it’s structured to triple the gains and losses of the S&P500 at the end of each day. So if the S&P gains 10%, SPXL gains 30%.
But if the S&P loses 10%, you lose 30%.
Is that right? Sounds like a big risk in these times.
I read it’s structured to triple the gains and losses of the S&P500 at the end of each day. So if the S&P gains 10%, SPXL gains 30%.
But if the S&P loses 10%, you lose 30%.
Is that right? Sounds like a big risk in these times.
Posted on 3/10/20 at 3:55 pm to StringedInstruments
I just bought 100 shares of American Airlines (at 17, down from about 30 a month ago), 100 shares of 5/3 (at 19, down from 30 a month ago), and still thinking about the next one.
ETA: 100 of Occidental Petroleum (at 14, down from about 42 a few weeks ago).
ETA: 100 of Occidental Petroleum (at 14, down from about 42 a few weeks ago).
This post was edited on 3/10/20 at 4:02 pm
Posted on 3/10/20 at 4:10 pm to StringedInstruments
It’s definitely a bigger risk. However, if you look at where it’s been, and where it is now (obviously it can still drop further), but knowing that with time, it will eventually reach it’s former peak again, why not go with an index fund that will maximize your growth when it swings back? Most of the drop appears to be behind us. But then again I may be wrong. Just a suggestion.
Posted on 3/10/20 at 4:14 pm to Chucktown_Badger
Oxy just cut their dividend 86%, the only thing they had going for themselves. It got cut more than the stock price. It will fall further
Posted on 3/10/20 at 4:27 pm to Upperdecker
quote:
Oxy just cut their dividend 86%, the only thing they had going for themselves. It got cut more than the stock price. It will fall further
That's what my buddy just reminded me of. I can cancel the order, but wondering if that hit to the stock because of the dividend cut isn't already priced in?
Posted on 3/10/20 at 6:11 pm to StringedInstruments
I’m going to miss all the money making fun with this three day waiting period, aren’t I? 
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