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When is the time?
Posted on 11/1/24 at 3:16 pm
Posted on 11/1/24 at 3:16 pm
Trying to nimble just a bit into stock for the first time. If I was trying to purchase stock based off of who I thought would win the presidential election when would be the time? I saw the other day that the stock market is expected to tank in 1st quarter of 2025.
I would like to get the share % for as low as I can and ride the wave. Or am I already late and people have already purchased stocks on who they thought would win.
I would like to get the share % for as low as I can and ride the wave. Or am I already late and people have already purchased stocks on who they thought would win.
Posted on 11/1/24 at 3:26 pm to Traceg03
Timing the market is a bad idea generally (though we are all tempted).
Buy broad based low expense funds starting now until you retire.
Picking individual stocks is very difficult even for high level managers with lots of resources.
Buy broad based low expense funds starting now until you retire.
Picking individual stocks is very difficult even for high level managers with lots of resources.
This post was edited on 11/1/24 at 3:27 pm
Posted on 11/1/24 at 3:41 pm to Traceg03
quote:The best time to invest in the stock market is 25 years ago.
When is the time?
The second best time is today...
Posted on 11/1/24 at 3:56 pm to LSURussian
quote:
The best time to invest in the stock market is 25 years ago.
I wasn’t alive 25 years ago, drop it a tad and we’d be golden.
Posted on 11/1/24 at 3:57 pm to Traceg03
The election trade was several weeks ago... as others have mentioned, timing like this is a fools errand. If you insist and get lucky, maybe they won't be able to count all those ballots for 7-10 days and the market bleeds a bit. If you're lucky. But it won't have mattered in 10 years.
Posted on 11/1/24 at 4:01 pm to Traceg03
quote:
If I was trying to purchase stock based off of who I thought would win the presidential election
I would say that is called gambling and more than likely you are going to lose money. Majority here would tell you that it is a bad idea.
quote:
I saw the other day that the stock market is expected to tank in 1st quarter of 2025.
I saw the other day that it was going up big! Nobody knows the future..
If you want to gamble stick to lottery tickets.
If you want to invest either stick to broad low cost index funds. Or invest in companies you want to hold for many years. Trying to time it is basically impossible, and will eventually cost you
Posted on 11/1/24 at 4:02 pm to UltimaParadox
What advice would yall give to someone younger who would want to put little bits of money into the stock gradually over time. Mostly safe with a little bit of high risk stocks every now and then.
Posted on 11/1/24 at 5:05 pm to Traceg03
1) don’t worry about timing it. No need to get cute when just getting started.
2) the amount you put in will be the #1 determinant of your wealth in the long run. Focus on that and lesser on the “perfect” investments.
3) use tax advantaged accounts like 401k/IRA. No, the government won’t take it all away.. but have enough cash quickly accessible that you don’t have to raid these accounts.
Start with something simple and low cost. ETFs are likely the best starting point.
2) the amount you put in will be the #1 determinant of your wealth in the long run. Focus on that and lesser on the “perfect” investments.
3) use tax advantaged accounts like 401k/IRA. No, the government won’t take it all away.. but have enough cash quickly accessible that you don’t have to raid these accounts.
Start with something simple and low cost. ETFs are likely the best starting point.
Posted on 11/1/24 at 5:54 pm to Traceg03
You’re a new investor. Trying to pick a “stock” is a stupid idea. Buy an ETF and keep putting money in it every payday. Look at it in 20 years and grin.
Posted on 11/1/24 at 6:06 pm to VABuckeye
quote:
You’re a new investor. Trying to pick a “stock” is a stupid idea. Buy an ETF and keep putting money in it every payday. Look at it in 20 years and grin.
^^^^^^^^^^^^^THIS^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Posted on 11/1/24 at 6:45 pm to Traceg03
The time is always now.
If you're in it for the long haul you'll either win or everyone will lose.
OKE, BLX, GIS, HRB, NAT, TAP might be a good starter pack. Diversified across industries and includes a foreign stonk.
You can use a stock screener to filter stocks. Use Marketwatch to view the company's financials.
If you're in it for the long haul you'll either win or everyone will lose.
OKE, BLX, GIS, HRB, NAT, TAP might be a good starter pack. Diversified across industries and includes a foreign stonk.
You can use a stock screener to filter stocks. Use Marketwatch to view the company's financials.
Posted on 11/1/24 at 6:47 pm to Traceg03
quote:
If I was trying to purchase stock based off of who I thought would win the presidential election when would be the time?
S&P went up ~ 50% in each of the past three presidential terms.
Don't get emotional because you don't like the president. People will keep spending money.
Posted on 11/1/24 at 6:51 pm to Traceg03
quote:
What advice would yall give to someone younger who would want to put little bits of money into the stock gradually over time. Mostly safe with a little bit of high risk stocks every now and then.
Sink your money into some aggressive mutual funds or buy some tech stocks. And dont touch the money till you age 60. Be aggressive you have long ways to go before you retire.
Posted on 11/1/24 at 10:20 pm to Traceg03
Time is now.
Simple rule I learned too late.
Buy stocks in profitable companies that are growing.
My picks
NVDA
MSFT
PLTR
SOFI
HOOD
Simple rule I learned too late.
Buy stocks in profitable companies that are growing.
My picks
NVDA
MSFT
PLTR
SOFI
HOOD
Posted on 11/2/24 at 12:23 am to WM88
Thank you all for the wisdom! I appreciate the time yall took to give advice!
Posted on 11/2/24 at 8:25 am to Traceg03
Don't try to time the market.
Stay on The Rant.
Stay on The Rant.
Posted on 11/2/24 at 10:23 am to Traceg03
You've been given some pretty good advice. Invest consistently in broad low cost funds. Those based on the S&P are a good place to start.
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