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Is It Too Late to the Party in re Starting Investing
Posted on 6/5/20 at 10:18 am
Posted on 6/5/20 at 10:18 am
Have some extra cash on hand at the moment, about $3000, and want to start putting it into the market. Wife and I each have 401K contributions and regular emergency savings, but figured with the extra cash can put in some aggressive plays.
I started playing around last week on Robinhood with $250 and have gotten a 45% return so far, so it's really pushing me to want to get in, but I worry it's too late to get any type of returns now that the market is starting to correct itself.
Is it a fair concern, or is there still a good bit of growth potential?
I started playing around last week on Robinhood with $250 and have gotten a 45% return so far, so it's really pushing me to want to get in, but I worry it's too late to get any type of returns now that the market is starting to correct itself.
Is it a fair concern, or is there still a good bit of growth potential?
4
Posted on 6/5/20 at 10:23 am to lionward2014
Still a lot of stocks that are well below their pre-covid highs.
And most recessions lead to a boom post recovery, so it's not too late.
Currently the market is buying the "recovery stocks" - Airlines, Cruises, vacation stocks etc.
All the stay at home stocks are having a pullback after a significant run.
And most recessions lead to a boom post recovery, so it's not too late.
Currently the market is buying the "recovery stocks" - Airlines, Cruises, vacation stocks etc.
All the stay at home stocks are having a pullback after a significant run.
Posted on 6/5/20 at 10:25 am to lionward2014
My advice:
Don't "play around". Be serious about investing (which appears you may be by both of you contributing to 401k's). Typically, folks that "play" only commit a small portion to investing.
There are always stocks going up, even in a down market!
Develop a strategy and start. Yes I have been buying; and will continue to do so.
Don't "play around". Be serious about investing (which appears you may be by both of you contributing to 401k's). Typically, folks that "play" only commit a small portion to investing.
There are always stocks going up, even in a down market!
Develop a strategy and start. Yes I have been buying; and will continue to do so.
Posted on 6/5/20 at 10:27 am to IM4LSUTIGERS
quote:
There are always stocks going up, even in a down market!
^This. There is always money to be made. The trick is figuring out which stocks to buy/sell and when to do so. I don't know enough about it to give advice, but if you figure it out, please let me know.
Posted on 6/5/20 at 10:30 am to IM4LSUTIGERS
quote:
Don't "play around". Be serious about investing (which appears you may be by both of you contributing to 401k's). Typically, folks that "play" only commit a small portion to investing.
Oh yeah we, and especially my wife, are committed to long term retirement savings. With the inability to take an international vacation this year we are taking the money from that budget to put into the market that we can "play around with" and hopefully profit from.
Posted on 6/5/20 at 10:32 am to lionward2014
quote:Nah.
Is It Too Late to the Party in re Starting Investing
To paraphrase Warren Buffett, "The best time to start investing is 25 years ago. The second best time is today."
Posted on 6/5/20 at 10:41 am to LSURussian
be careful right now and do not let anyone tell you it is acting reasonable now...
dollar cost average in if you go in
dollar cost average in if you go in
Posted on 6/5/20 at 12:59 pm to Thecoz
I'm not buying anything this week cause most everything is high with lots of stuff "overbought." I suspect that it will take a dip soon as people take profit.
Posted on 6/5/20 at 1:05 pm to lionward2014
im out today, im reading it as a dead cat bounce, but could obviously be wrong
Posted on 6/5/20 at 10:15 pm to rocket31
quote:
im out today, im reading it as a dead cat bounce, but could obviously be wrong
I sold a lot today also.
Pigs get fat, but hogs get slaughtered.
I have tripled two accounts and my 3rd is back to January levels. It is time to hit reset and reevaluate my long term plays.
Posted on 6/8/20 at 7:33 pm to rocket31
quote:6/8/2020 - Dow Jones Average: +461
Is It Too Late to the Party in re Starting Investing
im out today,
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