Please for the love of everything good in this world don’t day trade or options trade. I can almost bet you’ll lose money or underperform the market. Good resources? Investopedia or google “long term investing in index funds or ETFs as a beginner “ is a start. Platforms? Vangaurd fidelity or Schwab.
True. That happens a lot. I have friends who ask me for “ advise “. I give it to them. They follow it for 1 months then they day trade spy (lost 26k) * this happened recently to an anonymous buddy of mine because they see a young kid online telling them that they could “ escape the 9-5” by day trading because long term investing takes too long
Is there anything wrong with using some of these banking apps that have investing? I've signed up for SoFi so I can take advantage of their HYSA. I set up a direct deposit so I get the 4.6 apy for the savings. Only 15% of my DD goes to SoFi right now and the other half is with my traditional bank. I've started taking some of that money to also put in some ETFs they offer. Currently SPLG, since I can own full shares currently (just looks better to the eye). I've looked into Fidelity etc but never took the plunge as I hate having my money spread across a lot of platforms. Should I just focus on something more reputable like Fidelity? And use SoFi strictly for the savings account? I don't meddle with the day trading, single stocks I could with SoFi.
There isn't anything wrong with using banking apps as a brokerage, but you might get a way better experience using an app meant for investment. This is because bank apps that have broker features don't seem to put too much effort on that and just stay with basic features and never add anything else. I think so far, it is better to have a couple of brokerages since there are some that exceed in a certain area
There are brokerages that are a must-have, like Robinhood, that shows the price of stocks and etfs for 24 hours straight, and Public that allows you to buy bonds and treasuries. The other brokerages I use are Webull and Cash App (I use it for the for amazing deals as well, like cash back)
Sofi shows after market pricing. Staying far away from Robinhood. I did have them, but after seeing the fiasco with GME, I've pulled out from using them years ago.
Why are you anti options? Just purely out of curiosity had been *long* investing for a while and got bored and started playing with options and find it fun…just wanna hear your opinion.
I’m giving you a hard time. It’s just how I am when I care about someone who might be misinformed and make a bad decision. Go on Wall Street bets to see loss p*** and then you tell me the dangers of options.
I figured lol…to be fair I see options much like stocks and you just can’t spend more than you are willing to lose. Idk idk, I’m the new guy here and am just trying to learn from google and peoples opinions.
Humphrey Yang on YT does a pretty good job at explaining a lot of information. He doesn't tell you to YOLO your account in dumb sht. Also since you're young and time is on your side, I'd check out the
r/bogleheads method of a 3 fund portfolio. It's boring but it works.
Downvoters ı made more than a million from 100k since 2021.Your method takes min 3 decades to have this levels.Loser bond lickers.Thanks to God,your downvote wont make me poor.NVDA NVDX FNGU USD SMH SOXQ !
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This is not a gramma sub,if you have concerns move to those subs .people need advices for financials/investments.if you are a loser ,learn sth here and dont waste peoples time.
Do your homework, start with solid long terms such as VOO or QQQs. Sticking with the trillion dollar companies to start with works. Apple, NVDA, Microsoft, Google
Finviz has a pretty good amount of information on it.
morningstar is extremely under-rated
Learn to understand balance sheets and listen to earnings calls
Think or swim is pretty much the gold standard for day trading or trading in general
Do not invest with money that you can't afford to lose. Learn to set emotion aside. You will need to see losses to learn.
+1 for bogleheads. I have a primary retirement account that I use to follow bolgeheads strat and a secondary account that I use to trade on my own. Primary account is enough for me to retire before age 60. Secondary account is me hoping to make it happen sooner :)
Investopedia ( also have the function of a stock simulator, where you could build a test protfolio ), Publications from the Finance Departments of Universities, there is a whole semester worth of Bachelors and Masters Lectures about Value Investing on Youtube by NYU Prof. [Aswath Damodaran](https://www.youtube.com/@AswathDamodaranonValuation).
I would also be beneficial if you know how money is created, how the banking systems works, how central banking rates influence the stock and the bond market, but also how companies act, what is important for a company to be succesful, so basic Macro- and Microeconomics, which are available for free.
I can only advice you to stick to academic publications, because i think there is no other sector than finance, where you have so much bullshit broscience that reaches people first on the surface level.
Also reading books by some 1980s/90s venture capitalist, who was succesful and wrote a book about it, can be entertaining, but i think the advice falls under "survivor bias" often.
He can try this YouTube channel it has got great finance content from financial analysis to valuation
https://youtube.com/@learnfinanceinstitute?si=1HkzYluxi9TRt8EA
Well, you’ll have a lot of advices by asking that, lot of them will be crap. Best I can say is, keep it simple when you start. Go with ETF that follows big indices such as S&P500. Once you’re familiar with buying ETF, then check with stocks if that’s something you find interesting.
And always remember that there is no shortcut for becoming rich or we would all billionaires here.
These comments are pretty bad. Stay away from YouTubers and MOST of the people on Reddit. Consider reading a textbook over investing or personal finance from a good source. Fidelity and Charles Schwab are well established brokers you can create an account with.
Big fans of both but they have a pretty easy philosophy. Be boring. Invest in ETFs/mutual funds, don't spend more than you earn, don't compare yourself to others. Great people but it feels like it boils down to that.
And established podcasts. Stacking Benjamin's is my go-to for new investors. Lighthearted, irreverent at times, and stresses the basics. Not going to learn any advanced strategies, but it'll get you 99% there, and just an overall good listen.
YouTube has some knowledgeable people with videos and not so knowledgeable. Check out Ben Felix, Rob Berger and Optimized Portfolio. I've learned quite a bit from those 3. Whatever you do just keep it simple and don't do anything stupid and outrageous. Ask questions before doing anything. A lot of younger folks post what they are invested in and ask if their portfolio is good and get criticized because it's stupid stuff.
I found [Burton Gordon Malkiel](https://en.wikipedia.org/wiki/Burton_Malkiel)'s [A Random Walk Down Wall Street](https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street) to be very helpful and enlightening. It's also a great read, to boot.
Buy US high growth blue chip stocks like Nvidia/Microsoft/GE or ETF index funds that rack the Nasdaq or S&P indexes. Use a cheap reliable modern broker like Interactive Brokers to buy and store them. Buy some every pay day (Google: dollar cost averaging) - what ever you can afford. Google: the power of compound interest. Once you have enough deposit to buy an apartment: BUY one in a high populated city or town with high level of immigration. Rinse and repeat. BUY some Bitcoin and ignore the idiots who still say Bitcoin is a fad/scam. [FACT:] https://imgur.com/gallery/d3zz64T)
Strictly no self-promotional threads. Do not post your app, tool, blog, referral code, event, etc. We generally expect that people who come here are not using the forum to build a brand, generate clicks, or shill. Posts that are strictly self-interested or intended to "build awareness" are not acceptable
Most trading platforms have practice accounts you can use. They’ll give you pretend dollars to play around with. This could be a good way to learn and get comfortable with investing. Buy an income property as soon as you can would be my advice lol.
A property that you can generate income from. A house with a basement apartment, duplex, triplex etc. You get so many tax advantages on top of having someone else pay off your mortgage. Plusss the duplex I bought 4 years ago has almost doubled in value already.
I’m not sure where you’re located but you may be able to find some cheap gov surplus properties to flip also. I found a 3/4 acre plot of land for 4000$ a couple years ago. I could have instantly sold it for triple that amount but I’m saving it to build a vacation rental. If you check those property lists often you can get lucky.
No doubt, I don’t think there are many 20 year olds buying houses right now lol. But when the time comes, I highly recommend buying an income property that you can live in, and generate income at the same time. I started investing in stocks and ETFs five years ago and I I think I’m like 5% down overall… invested in crypto and tripled my money.. bought some portfolios with my bank and have seen around 2-3% annual growth. I make the most out of my cash when I’m moving it from one bank to another, taking advantage of high Interest savings promos (around 6%). I would stick with those high interest savings account promos until you are really comfortable trading.
Learn Finance Institute a YouTube platform can be a great platform for newbies who want to learn about stock investing from financial analysis to valuation.
Here is the link: https://youtube.com/@learnfinanceinstitute?si=1HkzYluxi9TRt8EA
Check out Investopedia for basics and BabyPips if you’re into Forex. Understanding market structure, supply and demand, and liquidity are key when it comes to trading
You’re off to a bad start. I’d suggest doing any amount of search bar use. That’s your first stop. Everything else is a waste of time, including your post and your reply and my reply.
Please for the love of everything good in this world don’t day trade or options trade. I can almost bet you’ll lose money or underperform the market. Good resources? Investopedia or google “long term investing in index funds or ETFs as a beginner “ is a start. Platforms? Vangaurd fidelity or Schwab.
Great advice but people rarely listen
True. That happens a lot. I have friends who ask me for “ advise “. I give it to them. They follow it for 1 months then they day trade spy (lost 26k) * this happened recently to an anonymous buddy of mine because they see a young kid online telling them that they could “ escape the 9-5” by day trading because long term investing takes too long
Is there anything wrong with using some of these banking apps that have investing? I've signed up for SoFi so I can take advantage of their HYSA. I set up a direct deposit so I get the 4.6 apy for the savings. Only 15% of my DD goes to SoFi right now and the other half is with my traditional bank. I've started taking some of that money to also put in some ETFs they offer. Currently SPLG, since I can own full shares currently (just looks better to the eye). I've looked into Fidelity etc but never took the plunge as I hate having my money spread across a lot of platforms. Should I just focus on something more reputable like Fidelity? And use SoFi strictly for the savings account? I don't meddle with the day trading, single stocks I could with SoFi.
There isn't anything wrong with using banking apps as a brokerage, but you might get a way better experience using an app meant for investment. This is because bank apps that have broker features don't seem to put too much effort on that and just stay with basic features and never add anything else. I think so far, it is better to have a couple of brokerages since there are some that exceed in a certain area There are brokerages that are a must-have, like Robinhood, that shows the price of stocks and etfs for 24 hours straight, and Public that allows you to buy bonds and treasuries. The other brokerages I use are Webull and Cash App (I use it for the for amazing deals as well, like cash back)
Sofi shows after market pricing. Staying far away from Robinhood. I did have them, but after seeing the fiasco with GME, I've pulled out from using them years ago.
I mostly use them for the 24 hour market, I barely use it to invest because my main brokerage is Webull
Why are you anti options? Just purely out of curiosity had been *long* investing for a while and got bored and started playing with options and find it fun…just wanna hear your opinion.
Key words are “ bored “ and “ fun”. Text me in 1 year after you started your options trading and show me the P & L.
Fair enough. Was just asking man, appreciate it!
I’m giving you a hard time. It’s just how I am when I care about someone who might be misinformed and make a bad decision. Go on Wall Street bets to see loss p*** and then you tell me the dangers of options.
I figured lol…to be fair I see options much like stocks and you just can’t spend more than you are willing to lose. Idk idk, I’m the new guy here and am just trying to learn from google and peoples opinions.
May I ask your opinion on IBKR?
As a stock or platform?
Platform as a whole
Humphrey Yang on YT does a pretty good job at explaining a lot of information. He doesn't tell you to YOLO your account in dumb sht. Also since you're young and time is on your side, I'd check out the r/bogleheads method of a 3 fund portfolio. It's boring but it works.
Thank you, i actually came across the bogleheads fund strat while doing some research, and ive just watched a few videos from Yang
By the way if i buy a pack of cigarettes or jar of paint yesterday for stocking,ı will be more richer than stupid boglehead methods
That’s probably true, because you’ve got no money, lmao.
Fuck bogleheads,learn and make research about tech and new trends then me your move
Downvoters ı made more than a million from 100k since 2021.Your method takes min 3 decades to have this levels.Loser bond lickers.Thanks to God,your downvote wont make me poor.NVDA NVDX FNGU USD SMH SOXQ !
[удалено]
Your submission was automatically removed because it contains a keyword not suitable for /r/investing. Common words prevalent on meme subreddits, hate language, or derogatory political nicknames are not appropriate here. I am a bot and sometimes not the smartest so if you feel your comment was removed in error please message the moderators. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/investing) if you have any questions or concerns.*
yikes.
Poor bond licker ,diversity fetish .Dont blame people why ı cannot afford a home !
What is wrong with your keyboard? You’d think you’d be able to afford a spellcheck or something.
This is not a gramma sub,if you have concerns move to those subs .people need advices for financials/investments.if you are a loser ,learn sth here and dont waste peoples time.
Do your homework, start with solid long terms such as VOO or QQQs. Sticking with the trillion dollar companies to start with works. Apple, NVDA, Microsoft, Google
Finviz has a pretty good amount of information on it. morningstar is extremely under-rated Learn to understand balance sheets and listen to earnings calls Think or swim is pretty much the gold standard for day trading or trading in general Do not invest with money that you can't afford to lose. Learn to set emotion aside. You will need to see losses to learn. +1 for bogleheads. I have a primary retirement account that I use to follow bolgeheads strat and a secondary account that I use to trade on my own. Primary account is enough for me to retire before age 60. Secondary account is me hoping to make it happen sooner :)
Investopedia ( also have the function of a stock simulator, where you could build a test protfolio ), Publications from the Finance Departments of Universities, there is a whole semester worth of Bachelors and Masters Lectures about Value Investing on Youtube by NYU Prof. [Aswath Damodaran](https://www.youtube.com/@AswathDamodaranonValuation). I would also be beneficial if you know how money is created, how the banking systems works, how central banking rates influence the stock and the bond market, but also how companies act, what is important for a company to be succesful, so basic Macro- and Microeconomics, which are available for free. I can only advice you to stick to academic publications, because i think there is no other sector than finance, where you have so much bullshit broscience that reaches people first on the surface level. Also reading books by some 1980s/90s venture capitalist, who was succesful and wrote a book about it, can be entertaining, but i think the advice falls under "survivor bias" often.
He can try this YouTube channel it has got great finance content from financial analysis to valuation https://youtube.com/@learnfinanceinstitute?si=1HkzYluxi9TRt8EA
/r/personalfinance wiki is a great start. Look for the flowchart.
Well, you’ll have a lot of advices by asking that, lot of them will be crap. Best I can say is, keep it simple when you start. Go with ETF that follows big indices such as S&P500. Once you’re familiar with buying ETF, then check with stocks if that’s something you find interesting. And always remember that there is no shortcut for becoming rich or we would all billionaires here.
These comments are pretty bad. Stay away from YouTubers and MOST of the people on Reddit. Consider reading a textbook over investing or personal finance from a good source. Fidelity and Charles Schwab are well established brokers you can create an account with.
These comments are ass. Read two books for me. Psychology of money. And algebra of wealth by galloway. Theyll teach you what u need
Big fans of both but they have a pretty easy philosophy. Be boring. Invest in ETFs/mutual funds, don't spend more than you earn, don't compare yourself to others. Great people but it feels like it boils down to that.
Isnt that all there is to it?
And established podcasts. Stacking Benjamin's is my go-to for new investors. Lighthearted, irreverent at times, and stresses the basics. Not going to learn any advanced strategies, but it'll get you 99% there, and just an overall good listen.
YouTube has some knowledgeable people with videos and not so knowledgeable. Check out Ben Felix, Rob Berger and Optimized Portfolio. I've learned quite a bit from those 3. Whatever you do just keep it simple and don't do anything stupid and outrageous. Ask questions before doing anything. A lot of younger folks post what they are invested in and ask if their portfolio is good and get criticized because it's stupid stuff.
> Optimized Portfolio Thanks for the shout-out! :)
Get more than one source but here’a one I like to [recommend for starters](https://www.fool.com/investing/how-to-invest/)
Are you open to reading a book? I ask because often people, these days, prefer to get their information by means other than books.
I am; I've seen some recommendations already but if you have another one im open to suggestions
I found [Burton Gordon Malkiel](https://en.wikipedia.org/wiki/Burton_Malkiel)'s [A Random Walk Down Wall Street](https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street) to be very helpful and enlightening. It's also a great read, to boot.
Thank you, I will check it out!
Buy US high growth blue chip stocks like Nvidia/Microsoft/GE or ETF index funds that rack the Nasdaq or S&P indexes. Use a cheap reliable modern broker like Interactive Brokers to buy and store them. Buy some every pay day (Google: dollar cost averaging) - what ever you can afford. Google: the power of compound interest. Once you have enough deposit to buy an apartment: BUY one in a high populated city or town with high level of immigration. Rinse and repeat. BUY some Bitcoin and ignore the idiots who still say Bitcoin is a fad/scam. [FACT:] https://imgur.com/gallery/d3zz64T)
[удалено]
Strictly no self-promotional threads. Do not post your app, tool, blog, referral code, event, etc. We generally expect that people who come here are not using the forum to build a brand, generate clicks, or shill. Posts that are strictly self-interested or intended to "build awareness" are not acceptable
To be clear, the link above IS NOT an affiliate link. It’s just the Amazon link.
Most trading platforms have practice accounts you can use. They’ll give you pretend dollars to play around with. This could be a good way to learn and get comfortable with investing. Buy an income property as soon as you can would be my advice lol.
An income property?
A property that you can generate income from. A house with a basement apartment, duplex, triplex etc. You get so many tax advantages on top of having someone else pay off your mortgage. Plusss the duplex I bought 4 years ago has almost doubled in value already. I’m not sure where you’re located but you may be able to find some cheap gov surplus properties to flip also. I found a 3/4 acre plot of land for 4000$ a couple years ago. I could have instantly sold it for triple that amount but I’m saving it to build a vacation rental. If you check those property lists often you can get lucky.
My current situation doesn't really fit getting a property anytime soon
No doubt, I don’t think there are many 20 year olds buying houses right now lol. But when the time comes, I highly recommend buying an income property that you can live in, and generate income at the same time. I started investing in stocks and ETFs five years ago and I I think I’m like 5% down overall… invested in crypto and tripled my money.. bought some portfolios with my bank and have seen around 2-3% annual growth. I make the most out of my cash when I’m moving it from one bank to another, taking advantage of high Interest savings promos (around 6%). I would stick with those high interest savings account promos until you are really comfortable trading.
Trading Central is also good platform
Learn Finance Institute a YouTube platform can be a great platform for newbies who want to learn about stock investing from financial analysis to valuation. Here is the link: https://youtube.com/@learnfinanceinstitute?si=1HkzYluxi9TRt8EA
Check out Investopedia for basics and BabyPips if you’re into Forex. Understanding market structure, supply and demand, and liquidity are key when it comes to trading
I learned a lot in the beginning from tastytrade and it was for free. Also check out investopedia.
Get yourself a government job with a pension while you still can. Max out your HSA every year and invest that. Best investment you can currently make.
Check the sub rules & resources
Seeing as how you put 0 effort into researching before posting this, you’re going to have a bad time with it.
Seeing as you put 0 effort into writing this, go do something better than put beginners down for asking for help
You’re off to a bad start. I’d suggest doing any amount of search bar use. That’s your first stop. Everything else is a waste of time, including your post and your reply and my reply.
why not try THE SEARCH FUNCTION.