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Message
I need to just admit that I don’t have a clue to understanding and predicting the market
Posted on 10/9/20 at 9:44 am
Posted on 10/9/20 at 9:44 am
I started buying individual stocks right about the time COVID hit to try and make money on the bounce. I have three sectors I targeted and one miscellaneous group of stocks. I have airlines / airline manufacturers, banking, oil / gas, and my hodge podge group. When the indices are up, all my stocks are down. When the indices are down, my stocks go up. Profits or dividends go up, stocks drop. Profits or dividends decrease, stocks go up. Every time I think I understand what is going on, reality tells me otherwise. LOL
Was hoping to make enough money to get an old car restored. Think I just need to take a vacation from it all and check back in around the end of the year.
Happy Friday and prayers for the poor folks in Lake Charles.
Was hoping to make enough money to get an old car restored. Think I just need to take a vacation from it all and check back in around the end of the year.
Happy Friday and prayers for the poor folks in Lake Charles.
Posted on 10/9/20 at 9:57 am to Ramblin Wreck
Diversification and buy and hold is for idiots - and we all are idiots when it comes to the market. Buy the whole market and let it ride.
Posted on 10/9/20 at 10:04 am to Dandaman
counterpoint
1) buy stock in the best companies
2) add to the positions regularly
3) hold and profit
it is really hard not to make money in the market over a long time frame
1) buy stock in the best companies
2) add to the positions regularly
3) hold and profit
it is really hard not to make money in the market over a long time frame
Posted on 10/9/20 at 10:17 am to cgrand
Just buy VTI or VUG on robinhood or whatever site you use. Or whatever equivalent one you want
This post was edited on 10/9/20 at 10:18 am
Posted on 10/9/20 at 12:49 pm to Ramblin Wreck
Trying to make a quick buck in the stock market is basically gambling.
Invest for the long haul.
Invest for the long haul.
Posted on 10/9/20 at 1:27 pm to Ramblin Wreck
Broad based ETF or Mutual fund.
Check statement once a quarter.
Time in the market works.
Timing the market does not.
Check statement once a quarter.
Time in the market works.
Timing the market does not.
Posted on 10/9/20 at 1:30 pm to Ramblin Wreck
quote:
Ramblin Wreck
There are 1,000's of the some of the smartest people on earth, with the most expensive computers you can purchase, with data sets that cost millions of dollars that you can't purchase, who spend 100% of their time trying to beat the market.
They can't get it right.
So don't beat yourself up. Buy the market.
Posted on 10/12/20 at 12:18 am to Ramblin Wreck
I made a killing on stocks this summer then lost most of that gambling on options.
Now I just hold ETFs, some blue chips and 3-5 iron condors a week.
Now I just hold ETFs, some blue chips and 3-5 iron condors a week.
Posted on 10/12/20 at 7:06 am to Napoleon
I'm a VTSAX guy. 95% VTSAX and 5% Vanguard Total Bond Market.
I'm 36 and don't plan to re-allocate any time soon.
I'm 36 and don't plan to re-allocate any time soon.
Posted on 10/12/20 at 8:08 am to Azazello
quote:
So don't beat yourself up. Buy the market.
I've been trying to make this one of my new hobbies. Learning more about the market and investing wisely. I know that there is no 'get rich quick' strategy and just want to learn to invest wisely.
Anyone have any books or websites that you recommend? Keep in mind, just a few months ago, I was unsure what a Roth IRA was until I started reading links on this page. I don't pretend to be anything I'm not. I want to learn by 'hands on investing' without costing myself too much money. I have a Robinhood account and have spent the last 6 months reading this board daily and am up about 25% but soooo many questions.
For instance, should I sell the majority of my Sasol stock which I'm still $2.50 share ahead? I plan on doing that this week but don't want to regret it.
Posted on 10/12/20 at 4:09 pm to Ramblin Wreck
Buy into well known companies and hold.
Posted on 10/14/20 at 5:15 am to Napoleon
quote:
I made a killing on stocks this summer then lost most of that gambling on options.
This is the best way to lose your money fast . Funny story i shorted Amazon when it was a 100 bucks a share. As they say the rest is history
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