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When is the time?

Posted on 11/1/24 at 3:16 pm
Posted by Traceg03
LA
Member since Jun 2018
1776 posts
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.
Posted by GeauxTigers123
Member since Feb 2007
3094 posts
Posted on 11/1/24 at 3:26 pm to
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.
This post was edited on 11/1/24 at 3:27 pm
Posted by LSURussian
Member since Feb 2005
133647 posts
Posted on 11/1/24 at 3:41 pm to
quote:

When is the time?
The best time to invest in the stock market is 25 years ago.

The second best time is today...
Posted by Traceg03
LA
Member since Jun 2018
1776 posts
Posted on 11/1/24 at 3:56 pm to
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 by UpstairsComputer
Prairieville
Member since Jan 2017
1799 posts
Posted on 11/1/24 at 3:57 pm to
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 by UltimaParadox
North Carolina
Member since Nov 2008
51554 posts
Posted on 11/1/24 at 4:01 pm to
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 by Traceg03
LA
Member since Jun 2018
1776 posts
Posted on 11/1/24 at 4:02 pm to
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 by LSUcam7
FL
Member since Sep 2016
8854 posts
Posted on 11/1/24 at 5:05 pm to
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.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 11/1/24 at 5:54 pm to
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 by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89297 posts
Posted on 11/1/24 at 6:06 pm to
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 by Bestbank Tiger
Premium Member
Member since Jan 2005
79308 posts
Posted on 11/1/24 at 6:45 pm to
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.

Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79308 posts
Posted on 11/1/24 at 6:47 pm to
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 by Double Oh
Louisiana
Member since Sep 2008
23400 posts
Posted on 11/1/24 at 6:51 pm to
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 by WM88
West Monroe
Member since Aug 2004
1975 posts
Posted on 11/1/24 at 10:20 pm to
Time is now.

Simple rule I learned too late.
Buy stocks in profitable companies that are growing.

My picks
NVDA
MSFT
PLTR
SOFI
HOOD
Posted by Traceg03
LA
Member since Jun 2018
1776 posts
Posted on 11/2/24 at 12:23 am to
Thank you all for the wisdom! I appreciate the time yall took to give advice!
Posted by KWL85
Member since Mar 2023
3189 posts
Posted on 11/2/24 at 8:25 am to
Don't try to time the market.

Stay on The Rant.

Posted by tgrmeat
Member since Sep 2020
5683 posts
Posted on 11/2/24 at 10:23 am to
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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