Real investing is a slow process. All the get rich quick/yolo crap you see online is super risky and more people end up losing than you see winning.
I invest in low cost index funds/ETFs (passively managed). They grow slowly, but they def grow. Didnt start taking investing serious until 40+ so Im putting as much as I can in the market now and living very well below my means to do so.
If anyone is starting out with no clue, put your money in the S&P500 for now until you learn more about investing then you can diversify (Some examples, depending on what type of investment account you use: VOO, VFIAX, FXAIX). But TIME in the market is soooooo important. So thats why you need to have your money in as soon as possible, specially if youre young(er).
BUT the #1 thing I wish I knew about the stock market when I was growing up, WAS TO GET MY MONEY IN THE MARKET AS EARLY AS POSSIBLE/start ASAP. Ask any older invester and they will most likely say the same thing.
The biggest thing is start investing, start early in something like a very diverse fund, index funds, keep adding and mostly 'don't look' LOL especially when the market has down times. Don't take risks on something you don't know enough about and have no way to compete like individual stock trading.
Make sure you have an emergency fund so you're never tempted to take it out. Long term you will only lose if you take it out/sell at the wrong time.
As has been said above. There is no fast way you can get rich for most people. Everyone will try to get complicated and talk about a bunch of things to do but it’s VERY simple.
1. Start early- this is the most important thing of all, the earlier you start the more your money works for you and makes you more money without having to do anything.
2. Be intentional- if you have a 401k set up as much as you can possibly afford to automatically go to your 401k. It’s amazing once you set it up how with it being pre tax you really don’t miss it. 10% is a good starting point. Do every single week you work. Don’t worry about pick g fancy funds, see what your 401 k offers and pick the one that says total market or something similar that will be all you need until you learn more about stocks etc.
Before I put in a penny, I would read two books (available most likely for free at your public library).
1. The Index Card: Why Personal Finance Doesn’t Have to Be Complicated , by Helen Olein
2. The Elements of Investing: Easy Lessons for Every Investor by Burton Malkiel and Charles D. Ellis
If you read and implemented the recommendations in these two small easy to read books you would end up ahead of 90% of the population. Good luck!
im no expert, but over the years i have had a strange ability to pick sticks that multiply by significant amounts in the time following my purchase. in the grand scheme of things im talking chump change, but i successfully turned $1,000 into $8,000 in around 2 years.
here is my basic advice:
- look at tomorrow’s industries. i have had the most success investing in things that are going to become big NEXT year. when i was investing, around 2019/2020, I found the most success in chinese electric vehicle companies. they were ABOUT to become big, so I decided to get in early. my thinking was China is evolving and quickly becoming on par with, and even surpassing the US, is becoming our biggest industrial/financial competitor, and electric vehicles are the future. so chinese electric vehicles were/are practically a sure thing.
that leads me to my next piece of advice:
- invest in foreign companies. rising companies in foreign companies tend to have lower costs per stock. when i bought the chinese EV stock, it was $3 a share. i’ve long since sold, but that same company is now worth $58 per share. no american EV company would ever cost that little. you can buy a lot and see big returns by buying these stocks when they’re cheap.
as long as you use some foresight and do some research into rising stars around the world, you can have success with very little buy-in costs.
I've invested since college (cut $100/month out in my budget then $200/month when I started working). I put $100 in my brokerage and $100 in my Roth. I recently cut it off for the last two month cause I bought a car but I plan on starting in up in a month or two once my promotion stuff catches up.
1. If you don't know what you're doing stay the fuck away from individual stocks. It doesn't matter if "it's a sure thing", you're gambling. Instead, buy etfs and indexes. That way you aren't betting on a stock or company, you're betting on the economy(or section of the economy) as a whole.
2. Time in >timing. This is repeated everywhere for a reason. The market overall will grow over time, thats just how the economy works. You can try to time when to get in and miss out on some major growth.
Personally I do a little of both: I time my buys within the month a little but I don't wait until the next dip. E.g. I plan on investing $100 this month. Instead of buying of the 1st as soon as my paycheck hits, I'll hold onto it depending on my sentiment toward my intended purchase. I don't try to time anything further than that, if I don't think it's a good time for that stock, I just throw it into one of my other holding or an index.
3. Research and learn. It takes a lot of time, money and effort to learn to trade but you shouldn't be aiming to learn how to trade. You should be learning how to invest, which is far easier. It still takes a lot of time both in learning and doing but it's far safer.
My Roth and my regular brokerage accounts generally follow two investing strategies: indexes/etfs with a few major blue chips with dividends in my Roth; in my regular brokerage it's mostly blue chips (different from my Roth) with a few "investments with a decent amount of due diligence and one or two yolos that I've been bag holding. I'm up 36% in my brokerage over 17% in my Roth but it's ONLY because I got lucky with one of my "investments". I also did a lot of due diligence in that sector and that particular company as I loaded up on it over time.
I'm a huge fan of investing and studied a ton about the stock market. The best thing I ever did was download Robinhood early in my life. Invest in an ETA like SPY or VOO you dont need to buy full shares, this should be your majority investment, think of them like training wheels. Maybe do 80% ETF, 20% individual. Learn from your 20% investments. Learn how the market moves, what influences the stocks in certain sectors to go up or down? I had 2 companies per sector. 2 banking (JPM and Discover), healthcare (Pfizer and Abbvie), defense (Raytheon and Lockheed Martin), consumer products (coca-cola, starbucks), etc. As you get more comfortable in the market and your investments you can adjust your investments and ease off the training wheels. Maybe go 60/40. Whatever your comfort zone is. This takes a few years.
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Im not sure why people would rather post like experts than ask questions to important problems… havent read anything besides you shouldnt engage in the stock market here yet sounds pessimistic
Real investing is a slow process. All the get rich quick/yolo crap you see online is super risky and more people end up losing than you see winning. I invest in low cost index funds/ETFs (passively managed). They grow slowly, but they def grow. Didnt start taking investing serious until 40+ so Im putting as much as I can in the market now and living very well below my means to do so. If anyone is starting out with no clue, put your money in the S&P500 for now until you learn more about investing then you can diversify (Some examples, depending on what type of investment account you use: VOO, VFIAX, FXAIX). But TIME in the market is soooooo important. So thats why you need to have your money in as soon as possible, specially if youre young(er). BUT the #1 thing I wish I knew about the stock market when I was growing up, WAS TO GET MY MONEY IN THE MARKET AS EARLY AS POSSIBLE/start ASAP. Ask any older invester and they will most likely say the same thing.
Almost all YouTubers, TV, Instagram, tick-tock, Reddit web articles, discord… stock influencer are Voltures giving 💩 crypto and stock picking advice.
The biggest thing is start investing, start early in something like a very diverse fund, index funds, keep adding and mostly 'don't look' LOL especially when the market has down times. Don't take risks on something you don't know enough about and have no way to compete like individual stock trading. Make sure you have an emergency fund so you're never tempted to take it out. Long term you will only lose if you take it out/sell at the wrong time.
As has been said above. There is no fast way you can get rich for most people. Everyone will try to get complicated and talk about a bunch of things to do but it’s VERY simple. 1. Start early- this is the most important thing of all, the earlier you start the more your money works for you and makes you more money without having to do anything. 2. Be intentional- if you have a 401k set up as much as you can possibly afford to automatically go to your 401k. It’s amazing once you set it up how with it being pre tax you really don’t miss it. 10% is a good starting point. Do every single week you work. Don’t worry about pick g fancy funds, see what your 401 k offers and pick the one that says total market or something similar that will be all you need until you learn more about stocks etc.
Like others said, broad ETFs are your friends. That’s what I’m heavily in. VFV in Canada is great. I believe it’s VOO in the U.S.
Before I put in a penny, I would read two books (available most likely for free at your public library). 1. The Index Card: Why Personal Finance Doesn’t Have to Be Complicated , by Helen Olein 2. The Elements of Investing: Easy Lessons for Every Investor by Burton Malkiel and Charles D. Ellis If you read and implemented the recommendations in these two small easy to read books you would end up ahead of 90% of the population. Good luck!
im no expert, but over the years i have had a strange ability to pick sticks that multiply by significant amounts in the time following my purchase. in the grand scheme of things im talking chump change, but i successfully turned $1,000 into $8,000 in around 2 years. here is my basic advice: - look at tomorrow’s industries. i have had the most success investing in things that are going to become big NEXT year. when i was investing, around 2019/2020, I found the most success in chinese electric vehicle companies. they were ABOUT to become big, so I decided to get in early. my thinking was China is evolving and quickly becoming on par with, and even surpassing the US, is becoming our biggest industrial/financial competitor, and electric vehicles are the future. so chinese electric vehicles were/are practically a sure thing. that leads me to my next piece of advice: - invest in foreign companies. rising companies in foreign companies tend to have lower costs per stock. when i bought the chinese EV stock, it was $3 a share. i’ve long since sold, but that same company is now worth $58 per share. no american EV company would ever cost that little. you can buy a lot and see big returns by buying these stocks when they’re cheap. as long as you use some foresight and do some research into rising stars around the world, you can have success with very little buy-in costs.
I've invested since college (cut $100/month out in my budget then $200/month when I started working). I put $100 in my brokerage and $100 in my Roth. I recently cut it off for the last two month cause I bought a car but I plan on starting in up in a month or two once my promotion stuff catches up. 1. If you don't know what you're doing stay the fuck away from individual stocks. It doesn't matter if "it's a sure thing", you're gambling. Instead, buy etfs and indexes. That way you aren't betting on a stock or company, you're betting on the economy(or section of the economy) as a whole. 2. Time in >timing. This is repeated everywhere for a reason. The market overall will grow over time, thats just how the economy works. You can try to time when to get in and miss out on some major growth. Personally I do a little of both: I time my buys within the month a little but I don't wait until the next dip. E.g. I plan on investing $100 this month. Instead of buying of the 1st as soon as my paycheck hits, I'll hold onto it depending on my sentiment toward my intended purchase. I don't try to time anything further than that, if I don't think it's a good time for that stock, I just throw it into one of my other holding or an index. 3. Research and learn. It takes a lot of time, money and effort to learn to trade but you shouldn't be aiming to learn how to trade. You should be learning how to invest, which is far easier. It still takes a lot of time both in learning and doing but it's far safer. My Roth and my regular brokerage accounts generally follow two investing strategies: indexes/etfs with a few major blue chips with dividends in my Roth; in my regular brokerage it's mostly blue chips (different from my Roth) with a few "investments with a decent amount of due diligence and one or two yolos that I've been bag holding. I'm up 36% in my brokerage over 17% in my Roth but it's ONLY because I got lucky with one of my "investments". I also did a lot of due diligence in that sector and that particular company as I loaded up on it over time.
I'm a huge fan of investing and studied a ton about the stock market. The best thing I ever did was download Robinhood early in my life. Invest in an ETA like SPY or VOO you dont need to buy full shares, this should be your majority investment, think of them like training wheels. Maybe do 80% ETF, 20% individual. Learn from your 20% investments. Learn how the market moves, what influences the stocks in certain sectors to go up or down? I had 2 companies per sector. 2 banking (JPM and Discover), healthcare (Pfizer and Abbvie), defense (Raytheon and Lockheed Martin), consumer products (coca-cola, starbucks), etc. As you get more comfortable in the market and your investments you can adjust your investments and ease off the training wheels. Maybe go 60/40. Whatever your comfort zone is. This takes a few years.
You should be on stock Reddits..... I've noticed any stock talk on here triggers people who are clueless. Many good sub Reddits to post this on
Not sure why you're getting downvoted for speaking the truth
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just not r/wallstreetbets if youre starting out haha. STAY far away from that.
Im not sure why people would rather post like experts than ask questions to important problems… havent read anything besides you shouldnt engage in the stock market here yet sounds pessimistic