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New to investing... should I buy Nvidia now? Or what's another good stock to sink $5k into
Posted on 6/20/24 at 6:36 am
Posted on 6/20/24 at 6:36 am
I've got $5k+ I can invest. I've never invested on my own before, just 401k etc. And I don't know much about the stock market other than buy low sell high.
So Nvidia is at like $130 a share right now. Should I buy $5k worth and just hold? I can withstand dips and stuff?
So Nvidia is at like $130 a share right now. Should I buy $5k worth and just hold? I can withstand dips and stuff?
16
Posted on 6/20/24 at 6:45 am to SirSaintly
VOO…and hold for a few years.
Posted on 6/20/24 at 7:14 am to SirSaintly
I would put like $250 per week into a roth IRA until you put the entire amount, just because the market seems so high right now to me.
Depending on your risk tolerance I would do something like 50/50 in VOO & QQQ, or for lower risk 80/20 VOO - QQQ.
Depending on your risk tolerance I would do something like 50/50 in VOO & QQQ, or for lower risk 80/20 VOO - QQQ.
Posted on 6/20/24 at 7:23 am to SirSaintly
Eli Lilly
Posted on 6/20/24 at 7:31 am to SirSaintly
Dont pick individual stocks. Even pros have hard time beating the market and you realize you dont have a clue what you're doing.
Buy index ETFs and hold long term. VOO (S&P500) or VTI (Total US market) are good choices.
Buy index ETFs and hold long term. VOO (S&P500) or VTI (Total US market) are good choices.
Posted on 6/20/24 at 8:01 am to SirSaintly
I have no clue what I’m talking about, but it seems like it’s a hot stock that is completely overvalued and will eventually settle at a high, but more reasonable cap. It’s kind of like when Tesla hit the trillion dollar mark. At that point, people loved the stock more than the company
Posted on 6/20/24 at 8:12 am to SirSaintly
read the beginner guide stickied at the top.
Posted on 6/20/24 at 9:00 am to Granola
quote:
Eli Lilly
Thats a good one too
Posted on 6/20/24 at 9:02 am to SirSaintly
quote:
So Nvidia is at like $130 a share right now. Should I buy $5k worth and just hold? I can withstand dips and stuff?
Buy it and dont look back
Also you can buy the fund XLK which is a fund of tech stocks.
Posted on 6/20/24 at 9:15 am to Double Oh
quote:
So Nvidia is at like $130 a share right now. Should I buy $5k worth and just hold? I can withstand dips and stuff?
Buy it and dont look back
What typically happens to companies after they become the most valuable in the world?
Most businesses who became the most valuable company were fairly diversified... Does NVidia have a diverse enough business to stay up there? Or is the demand for the product just so great that it should stay at that level or increase as time goes on?
Not trying to make a statement either way, I want to generate discussion. There are good arguments for both. The market is also "due for a correction", but that gets said any time its been up for a while.
Posted on 6/20/24 at 9:26 am to SirSaintly
QQQ has mostly tech and will give some diversity.
Otherwise, consult your crystal ball.
Otherwise, consult your crystal ball.
Posted on 6/20/24 at 9:38 am to VolSquatch
quote:
Or is the demand for the product just so great that it should stay at that level or increase as time goes on?
Thats my opinion but my opinion doesnt matter lol.
Im just along for the ride as long as it lasts
Posted on 6/20/24 at 10:04 am to SirSaintly
Buy Nvidia and don't look back is good advice
Posted on 6/20/24 at 10:16 am to SirSaintly
I was gonna put money into nvda so it crashes and it takes the fake house of cards stock market with it
Ai is just a fad like electric cars were in 2021
Ai is just a fad like electric cars were in 2021
Posted on 6/20/24 at 11:41 am to el Gaucho
NVIDIA not looking good today
Posted on 6/20/24 at 11:43 am to SirSaintly
Nvda is still a good long term hold. But you should be able to get it for less than $120 in the near future.
Posted on 6/20/24 at 12:30 pm to Lgrnwd
quote:
Nvda is still a good long term hold
It could be a good long-term hold.
Posted on 6/20/24 at 12:36 pm to SirSaintly
nvidia literally held the S&P flat this morning, then took the S&P down when it dropped
Posted on 6/20/24 at 12:53 pm to DVinBR
I shoulda bought puts when I posted
Nvda is the only thing holding up the market. If it crashes so does everything else
Nvda is the only thing holding up the market. If it crashes so does everything else
Posted on 6/20/24 at 1:03 pm to SirSaintly
With that amount of money, I'd invest in an ETF or Mutual Fund that has a high concentration of NVDA.
Personally, after much research, I added Fidelity Select Semiconductors Portfolio (FSELX) for some tech exposure. It has 28%.
Other ways to invest in NVDA (from my Fidelity Research):
Fund Name Exposure % to NVDA
NVDX T-Rex 2X Long NVIDIA Daily Target ETF 82.68%
WUGI AXS Esoterica NextG Economy ETF 31.07%
SHOC Strive U.S. Semiconductor ETF 30.21%
SMH VanEck Semiconductor ETF 23.34%
I'm particularly watching SMH right now.
Personally, after much research, I added Fidelity Select Semiconductors Portfolio (FSELX) for some tech exposure. It has 28%.
Other ways to invest in NVDA (from my Fidelity Research):
Fund Name Exposure % to NVDA
NVDX T-Rex 2X Long NVIDIA Daily Target ETF 82.68%
WUGI AXS Esoterica NextG Economy ETF 31.07%
SHOC Strive U.S. Semiconductor ETF 30.21%
SMH VanEck Semiconductor ETF 23.34%
I'm particularly watching SMH right now.
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