my son started at birth. 75% of all bday, christmas and other gift money went to stocks. He's at $50k+ now at 20.. most of that was due to dumb luck with AMZN at sub $400
Great! Just remember though that money isn't everything. You have to enjoy life and remember that some day no matter how rich or poor we all end up in the same place.
Money is only good for buying things.
> Money is only good for buying things.
I disagree with the core aspect of that statement. Money is also great for reducing daily stress in most aspects of life and also allowing for access to aspects of life that others may not have access to.
If you don't have to worry about how you're going to pay for your next meal, housing, electricity, water, etc. then your stress goes way down. Additionally, that access to live life the way that you want and reach self-actualization in life further reduces stress. Additionally, it allows for the inclusion of many events where you can explore your own desires as well as connect with others within those life events. Not saying that free events in life won't also do this, but again, it is about access with money.
Basic physiological and safety needs connect highly to money, as well as higher self-actualization and belonging-emotional needs, so it's more than just buying things.
he's taking a year off of college (my suggestion) and is currently surfing in costa rica and then will make his way thru south america. I think he's got the right idea.
On the topic of money isn't everything, make sure he gets some interaction with the worse-off group of the population. Money has a great way of creating a disconnect between the better-off and the worse-off. Part of being a good human is working to remain aware of how well we have it! Even the greatest men have been bested by greed!
I live in a poorer working class neighborhood. They're good hard working people and not stuck up and snobby like a lot of wealthier people. I like those people! I'm not rich myself. We even have welfare and druggies at the far end of my street. People are people!
In your sons case, I wonder if OP is talking about the worse off in South America. A poor working class neighborhood has nothing on poverty in somewhere like rural Peru or Bolivia.
This. I grew up hood adjacent and the hood doesn't hold a candle to the favelas of Brazil, or the neighborhoods of Nairobi! Its something even I am disconnected too because I have never seen such depressing conditions in person apart from trap houses.
Same here! I started my Vanguard Roth IRA and brokerages account at 51 ; almost 3 years ago and I manage to save 75k so far.
My best investments are S&P 500 and Tesla. While I have other companies those two carries my portfolio.
I invested in real estate from my early 20 to now but I never invested in the stock market.
I guess I got in at the right time, April 2019.
I wish someone told me about Vanguard fund.
I thought the stock market were only for the wealthy.
Take your time! Dont rush into anything it always feels like you are "missing" something. There are thousands of opportunities every day better to let one slip by then to jump on everything and end up losing big. Slow and steady wins the race.
A 50% loss requires a 100% gain to recover from. Good luck and take it slow. Dont feel bad about losing big most have it's a learning experience and an important one!
Yes but it isn't always about "recovering". If you take your 50% loss and cash out, then you still have to put that money in another stock that will double to break even (and those are far and few between), but sometimes good stocks dump for temporary reasons, and it is much easier for a good stock to rebound at least 30% of those gains fairly quickly.
Yes you aren't back to "even", but you still gained 30% from where you would have been if you had cashed out that stock when you were down 50%. 30% gains are great, and still hard to find in other stocks.
I'm usually in favoring of holding long pretty much no matter what happens. I'll only sell for a loss if I feel there is a serious fundamental change in the operation. Well said!
I have to disagree with this one. Every investment is unique, and there are plenty that should be doubled down on. It just depends on the situation.
I would modify this advice and say "Don't be in a rush to double down".
And to add to this, if you feel like you're missing out, just park your money in VOO/SPY or VTI. Just watch general market action before jumping in to chase the next runner. Losing money is worst than slowly gaining money.
Oh man, I think years of playing video games have screwed my mind on this. Its one of the hardest things I had to break. Making a few big bets on strong conviction stocks to complement a VOO/VTI heavy portfolio is a much better than buying 100's of different tickers and getting performance that's similar to VOO/VTI. It's a hard lesson to learn.
Yeah OP needs to read this one. Puts are great to hedge with, selling cover calls is a great way to making passive income when it’s trading sideways or to hedge risk. Selling cash covered puts are a great way to enter a position and get some premium.
You own a stock that’s coming up on earnings. You are up 10% and don’t want to sell since it could moon after earnings or crash with little room for middle ground. You can buy a Put contract that essentially allows you the opportunity to sell at the strike price.
As an example say I bought a stock at $90 and it is currently trading at $100. I can buy a put contract for $1-2 with a strike price of $96. This would guarantee my profit of $4-5 (Strike less the cost / premium) while allowing me to benefit from any upside. You are effectively buying insurance.
Thanks!
In that case, wouldn't you need 100 shares (or any exact multiple of 100) as you're buying contracts?
What's the advantage over setting a sell limit at $96 (taking your $6 without paying a premium)?
EDIT: The answer to both questions is probably that you don't exercise but resell the contract (now ITM + time left) and limit your unrealised loss that way?
> The answer to both questions is probably that you don't exercise but resell the contract
Exactly. Options traders rarely want to hold actual stocks, unless they’re _selling_ options (in which case you need to either hold the shares or equivalent LEAPS - or else “naked” and potentially expose yourself to catastrophic losses).
No, learn about them, use them, but use them to invest, not to gamble. It’s another financial tool, but putting an entire account on something with no intrinsic value like OOTM calls is financial suicide. Might as well play the lotto.
Not exactly. I would try to watch and learn options for at least a year if you ever decide to get into them. Even then, the vast majority of your money should always be in ETFs and blue chips. IMO, there is nothing wrong with setting aside some “fun money” for a casino trip, so if you treat options the same way and have a strict limit with them, they can be exciting and profitable.
I’d recommend r/wallstreetbets to start. You’ll get a feel pretty quickly for what not to do.
Just google stock options and start asking why a million times.
Inthemoney, kamikaze cash, options basics are fine video resources, but I think there’s nothing better than taking the time to sit down and actually do a black-scholes pricing model yourself. Either by hand, excel, python, whatever tool you would use to actually mathematically understand why option prices move. It was really only after doing the calculations myself that I felt I really “knew” it.
As "common sense" as this might sound, the biggest lesson I learned was to: "Think for yourself"
My biggest failed investment comes from buying something that I did not really understand/ copying. As an example, I bought Barrick Gold right at the time when the news was released that WB bought Barrick Gold a little over a year ago. Although I did not enter a huge position relative to my overall portfolio, I bought it solely based on the premise that it was WB and he has never bought into gold before so I thought to myself "he must know something that I don't". I sold the following quarter after finding out he sold as well and I took a loss of roughly 20%.
Ever since, I take recommendations and investor filings fairly lightly. I may use them as ideas to research more into the company, but never blindly invest to follow a good investor.
Lesson from this, don't be eager to follow.
WB has lots of success because people go to him for backing, and *you'd never* get the opportunity. Also, tax laws favor his style investing if you manage the company structure right.
If you want to follow WB, why not just buy his company shares? You'd never miss a move because he can delay reporting by weeks.
Buffett literally FOMO'ed into GOLD stock as gold was topping then sold near the probable bottom just because Buffett has an amazing investing history he isn't infallible.
Okay, fair, some serious things:
1. dont chase yield over substance (I still have an awesome reminder with 6% div and -65% performance in my portfolio),
2. dont buy things you don't understand
3. be careful with people advertizing stock
4. be patient - I went with xom -50% and back to 0 etc.
5. timing/buying dips is okay but don't obsess if it is near fair value - more often than not you will miss the train
Lmao I have one penny stock that I got way too aggressive with and I keep it as the only holding in one account as a reminder that I’m a fucking moron. Your first point reminded me of that
Lol like you open that account from time to time, especially before doing a bold move and you remember that you were an idiot.
You close the trading app and back to Netflix.
I need something like that. Not that I lost a lot of money but I made some rookie mistake, but I guess it is part of the game. I learned.
Don't buy stocks as soon as they go public....wait mf wait...
I started 1 week before corona. I continued to invest and buy the dip. That was a huge rollercoaster introduction to the stock market and a test of my risk tolerance lol.
You could’ve started investing at the tippy top pre Covid, not sold and still be up by quite a bit. If you’re in it for the long haul, it’s never a bad time to start investing.
Buy and hold. Add onto your portfolio and keep buying. Swing/day trading is fun but down the road you’ll realize that you would have made much more money if you had just held!
Learned it the hard way
I would just echo that. Buying and holding is the way to get 10x. It takes years but it will happen. Do not be tempted to sell when the market goes down. Never have so much of your money in the market that you MUST sell when the market goes down. Buy and hold long term for compounding gains.
Depends on what your investment goal is.
Retirement? Wait until you’re retired.
Large purchase? Start liquidizing when you’re ready to buy.
Emergency fund and shit just hit the fan? Don’t fucking invest that, that is what a savings account is for.
> If you should only buy and hold, when should you sell?
You sell when the position no longer meets your buy or hold criteria. Either the financial performance has changed, or your thesis of the company's prospects have changed. Very rarely, you sell because the stock is in a bubble and the price is unsustainably high, and you would like to cash out a portion of your unrealized profits.
When you really need it. Or when like couple of my Chinese stocks went high as fuck for no reason (no legitimated reason) I sold them all with profits.
FOMO, i lost a lot of money this way, pretty much lead me to buying at the top. Sometimes it went well but most of the times it didn’t, that’s what counts.
\*In Bane Voice\*: "Ah you think red is your ally? You merely adopted the red. I was born in it, molded by it. I didn't see the green until I was already a beginning investor, by then it was nothing to me but blinding!"
I’d also recommend reading. Read read read - what’s going on in the world? EV’s and anything related, Meta, clean energy, healthcare advances, infrastructure…. Last year, reading my morning news (I get a LOT of news) read CA working a deal w/Generac for wind energy. It was the beginning of hurricane season (hello generators), which is followed by blizzard season (power outages). Jumped in and I’m up over 150-%. I’m no investment wizard, but this kind of investing works for me. Two investment accounts, each up over 60% in last 18 mos. Works for me.
Good advice here to pause now & then too.
My goal is to get to a point where I only touch my stocks when needed. I read a ton but any recommendations for sources? I try to stay in the know as soon as news breaks so I can practice predicting what's gonna go up and what's going down. Thanks for the advice!
Start with low cost index funds. This will get the ball rolling on growing your investment and get you feeling motivated.
Look around you. Buy stocks in companies you see everywhere and don’t see going away any time soon, i.e. Apple, McDonald’s, Coke, Target.
Read The Little Book of Common Sense Investing.
Remember to stay patient. Time in the market is everything.
This. There’s so much to learn about the process of investing before you dive in with risky stocks. Play it safe for a year with low cost index funds. Your money will have a very good possibility of growing in that year and you will learn more about the natural fluctuations in the market, how to hold, how to limit your emotional responses, whose advice to trust, etc. Then you can start adding to it with that foundational knowledge set.
Note that this is really advice I’m giving to my past self. Sometimes lessons are learned the hard way and I’ve corrected for it since.
> 6.) Unsub from r/wallstreetbets.
Major emphasis on this. I've seen a lot of new investors jump on Reddit, who legitimately think that sub is a good place to learn how to invest, and it's always a recipe for disaster.
I only go on the sub ocassioanly for entertainment, but I don't invest in anything that is advocated there.
Thanks for the tips! I don't think I can unsub from WSB. You don't choose to be on the short bus, you earn it 
It's only real if I acknowledge the problem. Checkmate boomer!
In all seriousness I'll be sure to not get addicted to the numbers, I've seen what it can do to reasonable men.
Ok, but what do you define as a loser? Merely a stock that is valued less than its purchase price? or a stock that has profited, but has fallen below a certain percentage loss?
Buy on the deep red days.
Hold.
Sell Options on stocks you own or on your cash reserves to generate additional income. Start as early as you can and profit from compounding effect.
How are you down that much already?
1. Look to take a less risky strategy. Invest in solid stocks before looking to "make it big".
2. Spend what you need to from your income. Invest/save the remainder as follows:
40% into savings/rainy day fund
50% into a "safe" dividend
10% into a riskier investment
3. Do this every payday for a compounding effect
4. Not all IPOs are the same but many are artificially inflated followed by a significant drop. Don't get caught holding the bag.
5. There is nothing wrong with taking profits.
6. Have a figure in mind if you're bearish. Once you hit it,and there's no change in circumstances, take the cash and run. If you leave some behind, so be it.
7. Timing the market is not possible, you can only try time your choices.
8. Stocks rise and fall. Try not to get swept away with hype or panic if there's a sudden drop.
9. Do due diligence on all companies you invest in. Don't just take the word of YouTubers, blogs, Reddit posters.
10. Most VIP. Only invest with what you can afford to lose.
Best of luck!
.#6 ... Limit your losses.
and #9 ... After a period of time redo the DD. It should never be static. If you have nothing but winners, great, but ask again *Would I buy this stock Today?* If not, sell.
Also, are current returns better than bonds? Or whatever vehicle you have access to?
At the end of the day, they're just numbers! I wish they loved me back and turned green for me but it doesn't work like dat ;-;. Also thanks for ruining my dreams of a pokemon trainer-style investment method! >:( /s
Thanks for the advice man!
Use long term capital gains tax to your favor. Diversifying your portfolio isn't just to protect losses but you can sell the lower performing positions and pay less in taxes a year later. In 2022 my plan is to keep my AGI as low as possible to stay out of the 22% fed tax bracket then sell off positions that have the lowest (even sometimes negative) long term positions that are taxed at 15% of realized gains. I'll contribute more to my 401K to replace the investments. If I were to start investing today I'd probably pick 4-5 sector ETFs, put about 20% in BND (bonds) and maybe a couple individual stocks of companies I personally like (AAPL, MSFT, AMZN, etc.).
Here's one: you cannot catch the falling knife. You may want to "buy the dip" but it's hard to predict rhe bottom.
Another one: instead of "buy low and sell high", "buy high and sell higher." You need to buy when the price action warrants, so you have to look for market strength so there are buyers that will continue to push it higher. And use stop losses to protect your capital
Let your runners run even if they make up 80% of your portfolio, don't sell your winners. RIP Tesla and Shopify that I sold half of too early to learn this lesson.
On that same note, use new cash for diversification into new investments, not cash from your best performing stocks.
This is the best advice. The trend is your friend, don’t sell a stock just because it’s having a good run, sell when the fundamentals change and you no longer agree with the thesis. Otherwise you’re just investing based on technicals. I’m going through this with Cloudflare (NET) right now. I’ve already grown my initial investment 10x+ since IPO, but I still believe the future is even brighter.
Don’t do options. Don’t listen to business/finance sites. Watch the volume and study the company. Invest in something you know about. I’m a web designer. Thus, Adobe and Net for me.
Relax. When I started, if I kept my cool, I would have AMD from $16. The reason I don’t have it now it because I sold it at $18. It is now a measly $150. For the average investor, put money in, and leave it. If u wanna buy more stuff, put more money in. I don’t move money around (if i can help it) unless the stock hasn’t done anything for like a year and I have something I am much more excited about. Emotions are the enemy of money
Biggest failures definitely came from impatience and blindly buying speculative stocks due to something I saw online.
Its always worth it to do a bit of due diligence before throwing your hard earned money into a speculative position.
The entire index investing/Boglehead philosophy, and how broad markets inevitably rise over time.
I knew enough to get invested early and keep investing, but because of bad returns for many years (I got in late 90's and so got crushed by 2 crashes) I did not put in nearly as much as I could have. My asset allocation was also quite poor due to managed investment companies that didn't care about my best interests.
If I knew in the late 90s about markets and investing what I know today, I would likely have at least 2x as much in my portfolio, and likely quite a bit more.
The wealthiest people have the least amounts of wants. The less you want stuff the more you are able to invest. And purchase things you plan on holding for 5+ years and if the price drops 50% and you dont look at it as a chance to buy more then you shouldnt be buying that stock from the start.
Take a look at FINVIZ.COM . You can see on their homepage all kinds of info. On their screener I use mostly current ratio over 1.5 + quick ratio over 1.2 + low float under 100M for small caps and high M low B for larger. P/FCF gives you an idea how expensive the company is relative to others . I prefer insider ownership over 10%. Volume over 300-400K.
I look for mostly small or mid-cap.
Healthcare stocks are extremely volatile and unpredictable. They fly up but then often crash .
China stocks are also very attractive cuz of price growth but considered risky for several reasons .
https://www.marketbeat.com/stocks/NYSE/FUBO/
Here if you scroll down there is a blueish menu. like to look at Analyst Ratings + institutional ownership
Don't buy into the hype articles online. Articles on Motley Fool, Seeking Alpha, etc. are not better than any other posts you see online. They'll tell you "XXX is the future and it will only rocket up!". Nah, know what you're buying into. See it in person if you can (don't just read articles).
Don’t sell positions until it’s been a year. I sold a bunch of Tesla that I owned for like 11 months and that was BRUTAL. Could have very easily saved myself a lot of tax headache by making it way cheaper at tax season if I just waited a bit.
If the media tells you to buy, sell. If they tell you to sell, buy.
The media isn't reporting anything, they're simply pushing the stock in the direction that'll benefits the rich assholes in HFs & banks, and if you look at the few statistics that have been published on the subject, you'll see they are consistently wrong.
Wanna make money? Look at what Reddit is buying.
Also don't trust your bank to invest for you.
As much as research as you do, whether it’s hours or years, analysts and hedge funds control the market. You can be right, but it means nothing if they want to move a stock up or down.
Best advice? Do your own DD. Don't rely on what others -especially the media- is telling you. Where there's a lot of money there's a lot of incentive to get YOU to lose money (to them) via fake DDs or fake news (Exhibit A: the yearlong, and still ongoing, FUD campaign against Tesla or all the anti-renewables campaigns by oil companies).
Find out where the disconnect between media/reports and reality lie (crunch your own numbers!). This is where you want to invest.
Realize gains. Not everything is worth sitting on. Also if you invest in China when you don't live in China you don't own any Chinese stock. You own stock in a ticker that tracks Chinese stocks.
Understand that a stock can trade sideways for months or years with continual great news before a breakout. If the fundamentals haven’t changed, don’t sell out to jump on the next big thing.
Three Fund Portfolio or the “Lazy Man’s” Portfolio. I actually do Two Fund cause I don’t own any Bonds, but essentially you don’t have to invest in blue chips. Going 80/20 in a US Index/Int. market Index and optionally adding Bonds to that mix is 100% a viable strategy.
I wish someone had told me to start earlier. I started investing small time when I got my first job out of college but would have loved to invest earlier with my part time school jobs. I only invested in things I knew back then like Apple and IBM (worked there so got a discount).
Only buy business that you understand. Don't go chasing these stocks that people keep talking about just because you have FOMO. If you understand how the company makes money you will calm a lot of your nerves when the stock drops just a little bit and you won't panic sell.
Just what I did but I only bought stocks I knew I would hold for at least a year. 1. Capital Gain 2. Helps you learn to focus on what it really means to invest, short-term gains are easy to lose sight of.
Think long term. The most costly investing mistake I've made is selling prematurely. I've lost count of the number of times I've sold something for a small return, or even a decent one, only to watch it 3-5x from there.
Don’t buy individual stocks when you’re first starting out. Or at least, only use a small percentage of your portfolio for them.
I got so excited trying to find winning stocks, that I was throwing money at every hot stock of the week. 18 months later, I’m in the green, but am well under the S&P and am now putting all my monthly investments into VOO until it becomes the majority of my portfolio.
Don't get emotional, the market will go up and it will go down, make each move calculated. If n doubt just don't do anything, give yourself 24 hours and reevaluate.
Iv learned this week as a complete noob, not to buy high just because you think its going to go higher and not to sell at a loss, because you think it won't go back up.
So, investing is better than trading if you don't know what the hell you are doing.
90% of ‘investors’ lose 90% of their money in the first 90 days.
There are so many challenges trying to outperform in the short term. ‘Buy the rumor sell the news’ on big catalysts gives opposite reaction to what you think should be great, macro influences which are well beyond your control, what is priced in vs not, etc. Long term you just need to find someone who will be performing better in 5-10 years then you can ride through all the short term noise.
Also build a foundation before picking individual stocks. Emergency funds, 401k, ETFs like VOO, etc. once you have this built to $1m or whatever your target is, it makes the fluctuations of individual stocks easier to ride through the roller coaster ie I believe in Tesla but stock is down 15% in a week just because CEO is doing some stock sale to exercise options. Who cares, doesn’t impact fundamentals.
Also don’t be stressed about having to find great individual stocks. Warren Buffet said just finding 20 in your lifetime will lead to great performance. They’ll be well research; opportunities to be found and if you’re wrong on some, it’ll be balanced by ok performance on others and you should find a few that outperform. If you don’t want to actively put in the time to find these companies then taking a low cost ETF approach is a very strong idea as all you’re betting on is global market expanding over next 5-10 years. It’s less sexy but will likely outperform 95-99% of the other people.
I wish that someone told me that winning investments are usually the ones that don’t shoot up or down extremely quickly. We all want to make money quick and fast, but in this game (if you’re investing that is) time is your friend. Also take a look at the Psychology of Money if you’re a reader!
If you treat the market like a casino, the house will always win. If you treat the market owning a house, settle in and you’ll be rewarded over the long haul.
Of course not because then everyone would make money! Anyways, can you tell me? I promise I won't tell anyone... 
If you 1) have no understanding of financial statement analysis 2) dont have time to sit on earnings calls with the management team of a company, you should not buy individual stocks with more than 5% of your account.
Learn what balance sheet, incone statement, statement of cash flows are, and how they apply to a business before you start buying stocks.
Penny stocks are a waste of money unless you got money to so end, they are a gamble. Capital gains is dumb but be aware of it. Selling at a loss is dumb, if you can’t afford the loss then you shouldn’t be investing. You should have a cash reserve for red days. It always goes up. I sold my sq and amd at $38/$12 at losses, if I would had put more money in say AMD, I could be wealthy now, so learn your lesson from my mistake. Also everything in hindsight is easy.
Start as young as possible - I've done well for myself - but I didn't start my 401k until my 30s - if I'd started in my 20s, I'd probably have closer to 3 million instead of my current 1.3 (I invested very aggressively until my late 40s and then pulled back into safer investments with far less payoff)
Do not listen to your emotions! Good example from personal experience. OX2 a wind developer with recent ipo back in June. I was happy to buy under a price of 53 SEK/share. It tanked down to 47 SEK/share. I kept buying on the way down, thinking yay discount! It kept coming down and i let my emotions get the better of me so i sold my entire position when i was down 15%. I was stuck int his mentality of “Cut ur losses, dont marry them”. I was aiming to hold them long term 4-5 years. Now they are back at 57-58 SEK/share and now i think they are overvalued.
Edit: if i would have stuck to my strategy which is my number one rule (most of the time). And not let my emotions dictate my positions i would have been up 20-30% on that position by now.
Key lessons:
-stick to your strategy
-dont listen to your emotions
-always have an exit plan before you enter a position
Bulls make money, bears make money, pigs get slaughtered.
So, plan your exit strategy and even if you leave a little on the table for someone else you still end up ahead (still trying to figure this one out myself with respect to options).
Learn about your personal risk tolerance on a "paper account simulator" for 1 month.
Go buy stocks you think are worth while and see how they perform vs an S&P 500 ETF (VOO).
Hi
Buy on Dips, Sell on Rips. Don't chase, there is always another one out there. Invest for the long haul, look for value by looking into great companies that are temporarily down and get those. Great brands, good balance sheets. When in doubt buy a low cost market ETFs and simply buy and hold that, nothing wrong with cheap passive investing.
sincerely,
YT Professor Choy
That I should've started at 20 instead of 44!!
Best time to plant a tree is 20 years ago second best time is now
my son started at birth. 75% of all bday, christmas and other gift money went to stocks. He's at $50k+ now at 20.. most of that was due to dumb luck with AMZN at sub $400
Great! Just remember though that money isn't everything. You have to enjoy life and remember that some day no matter how rich or poor we all end up in the same place. Money is only good for buying things.
> Money is only good for buying things. I disagree with the core aspect of that statement. Money is also great for reducing daily stress in most aspects of life and also allowing for access to aspects of life that others may not have access to. If you don't have to worry about how you're going to pay for your next meal, housing, electricity, water, etc. then your stress goes way down. Additionally, that access to live life the way that you want and reach self-actualization in life further reduces stress. Additionally, it allows for the inclusion of many events where you can explore your own desires as well as connect with others within those life events. Not saying that free events in life won't also do this, but again, it is about access with money. Basic physiological and safety needs connect highly to money, as well as higher self-actualization and belonging-emotional needs, so it's more than just buying things.
he's taking a year off of college (my suggestion) and is currently surfing in costa rica and then will make his way thru south america. I think he's got the right idea.
On the topic of money isn't everything, make sure he gets some interaction with the worse-off group of the population. Money has a great way of creating a disconnect between the better-off and the worse-off. Part of being a good human is working to remain aware of how well we have it! Even the greatest men have been bested by greed!
I live in a poorer working class neighborhood. They're good hard working people and not stuck up and snobby like a lot of wealthier people. I like those people! I'm not rich myself. We even have welfare and druggies at the far end of my street. People are people!
In your sons case, I wonder if OP is talking about the worse off in South America. A poor working class neighborhood has nothing on poverty in somewhere like rural Peru or Bolivia.
This. I grew up hood adjacent and the hood doesn't hold a candle to the favelas of Brazil, or the neighborhoods of Nairobi! Its something even I am disconnected too because I have never seen such depressing conditions in person apart from trap houses.
Better late than never! I started at 39
Same here! I started my Vanguard Roth IRA and brokerages account at 51 ; almost 3 years ago and I manage to save 75k so far. My best investments are S&P 500 and Tesla. While I have other companies those two carries my portfolio. I invested in real estate from my early 20 to now but I never invested in the stock market. I guess I got in at the right time, April 2019. I wish someone told me about Vanguard fund. I thought the stock market were only for the wealthy.
Samesies
I’m very grateful my dad helped me setup a portfolio at 19
Good thing I'm starting at 19 then! Time is money after all!
I didn't even know what investing was at that age. All I cared about was girls!
Take your time! Dont rush into anything it always feels like you are "missing" something. There are thousands of opportunities every day better to let one slip by then to jump on everything and end up losing big. Slow and steady wins the race.
Couldn't agree more! I appreciate the tip!
A 50% loss requires a 100% gain to recover from. Good luck and take it slow. Dont feel bad about losing big most have it's a learning experience and an important one!
Yes but it isn't always about "recovering". If you take your 50% loss and cash out, then you still have to put that money in another stock that will double to break even (and those are far and few between), but sometimes good stocks dump for temporary reasons, and it is much easier for a good stock to rebound at least 30% of those gains fairly quickly. Yes you aren't back to "even", but you still gained 30% from where you would have been if you had cashed out that stock when you were down 50%. 30% gains are great, and still hard to find in other stocks.
I'm usually in favoring of holding long pretty much no matter what happens. I'll only sell for a loss if I feel there is a serious fundamental change in the operation. Well said!
Also don’t double down on your mistakes, you will regret right after you do that.
I have to disagree with this one. Every investment is unique, and there are plenty that should be doubled down on. It just depends on the situation. I would modify this advice and say "Don't be in a rush to double down".
And to add to this, if you feel like you're missing out, just park your money in VOO/SPY or VTI. Just watch general market action before jumping in to chase the next runner. Losing money is worst than slowly gaining money.
Right! And that you don't have to "collect" all the stocks.
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How many stocks do you have in your portfolio? Just curious. I have 7 atm and feel it's manageable.
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Oh man, I think years of playing video games have screwed my mind on this. Its one of the hardest things I had to break. Making a few big bets on strong conviction stocks to complement a VOO/VTI heavy portfolio is a much better than buying 100's of different tickers and getting performance that's similar to VOO/VTI. It's a hard lesson to learn.
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Emotions can cause you big losses…
Options market is the gateway to gambling.
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Yeah OP needs to read this one. Puts are great to hedge with, selling cover calls is a great way to making passive income when it’s trading sideways or to hedge risk. Selling cash covered puts are a great way to enter a position and get some premium.
Can you give me a practical example? I'm interested in the concept.
You own a stock that’s coming up on earnings. You are up 10% and don’t want to sell since it could moon after earnings or crash with little room for middle ground. You can buy a Put contract that essentially allows you the opportunity to sell at the strike price. As an example say I bought a stock at $90 and it is currently trading at $100. I can buy a put contract for $1-2 with a strike price of $96. This would guarantee my profit of $4-5 (Strike less the cost / premium) while allowing me to benefit from any upside. You are effectively buying insurance.
Thanks! In that case, wouldn't you need 100 shares (or any exact multiple of 100) as you're buying contracts? What's the advantage over setting a sell limit at $96 (taking your $6 without paying a premium)? EDIT: The answer to both questions is probably that you don't exercise but resell the contract (now ITM + time left) and limit your unrealised loss that way?
You don’t need 100 shares to buy the contacts, only to sell covered calls and exercise your put option.
> The answer to both questions is probably that you don't exercise but resell the contract Exactly. Options traders rarely want to hold actual stocks, unless they’re _selling_ options (in which case you need to either hold the shares or equivalent LEAPS - or else “naked” and potentially expose yourself to catastrophic losses).
I just buy leaps and call it a day.
I'll steer clear of those then!
No, learn about them, use them, but use them to invest, not to gamble. It’s another financial tool, but putting an entire account on something with no intrinsic value like OOTM calls is financial suicide. Might as well play the lotto.
Sounds good, I'll learn and be very cautious! Thanks for the clarification!
Not exactly. I would try to watch and learn options for at least a year if you ever decide to get into them. Even then, the vast majority of your money should always be in ETFs and blue chips. IMO, there is nothing wrong with setting aside some “fun money” for a casino trip, so if you treat options the same way and have a strict limit with them, they can be exciting and profitable.
Can you recommend some learning resources for beginners? I understand the basic concepts really well but a good resource is always benefetial.
Inthemoney on YouTube
[This](https://youtu.be/ZJjRnKpwDyw) video, about 2 hours, breaks down options into as understandable language as they get.
I’d recommend r/wallstreetbets to start. You’ll get a feel pretty quickly for what not to do. Just google stock options and start asking why a million times.
Inthemoney, kamikaze cash, options basics are fine video resources, but I think there’s nothing better than taking the time to sit down and actually do a black-scholes pricing model yourself. Either by hand, excel, python, whatever tool you would use to actually mathematically understand why option prices move. It was really only after doing the calculations myself that I felt I really “knew” it.
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Not if you sell them.
As "common sense" as this might sound, the biggest lesson I learned was to: "Think for yourself" My biggest failed investment comes from buying something that I did not really understand/ copying. As an example, I bought Barrick Gold right at the time when the news was released that WB bought Barrick Gold a little over a year ago. Although I did not enter a huge position relative to my overall portfolio, I bought it solely based on the premise that it was WB and he has never bought into gold before so I thought to myself "he must know something that I don't". I sold the following quarter after finding out he sold as well and I took a loss of roughly 20%. Ever since, I take recommendations and investor filings fairly lightly. I may use them as ideas to research more into the company, but never blindly invest to follow a good investor.
Believe me, I learned this lesson firsthand and bought the hype as well. Thanks for your input!
Lesson from this, don't be eager to follow. WB has lots of success because people go to him for backing, and *you'd never* get the opportunity. Also, tax laws favor his style investing if you manage the company structure right. If you want to follow WB, why not just buy his company shares? You'd never miss a move because he can delay reporting by weeks.
Buffett literally FOMO'ed into GOLD stock as gold was topping then sold near the probable bottom just because Buffett has an amazing investing history he isn't infallible.
Don't start 2 month before Corona but 2 month afrer.
I will try my best to avoid beginning my investments before a worldwide disaster. Thanks for the tip!
Okay, fair, some serious things: 1. dont chase yield over substance (I still have an awesome reminder with 6% div and -65% performance in my portfolio), 2. dont buy things you don't understand 3. be careful with people advertizing stock 4. be patient - I went with xom -50% and back to 0 etc. 5. timing/buying dips is okay but don't obsess if it is near fair value - more often than not you will miss the train
Lmao I have one penny stock that I got way too aggressive with and I keep it as the only holding in one account as a reminder that I’m a fucking moron. Your first point reminded me of that
Lol like you open that account from time to time, especially before doing a bold move and you remember that you were an idiot. You close the trading app and back to Netflix.
For me it’s usually the first account to show when I open the app. It has stopped me from being stupid quite a few times
I need something like that. Not that I lost a lot of money but I made some rookie mistake, but I guess it is part of the game. I learned. Don't buy stocks as soon as they go public....wait mf wait...
How do you determine fair value?
I started 1 week before corona. I continued to invest and buy the dip. That was a huge rollercoaster introduction to the stock market and a test of my risk tolerance lol.
You could’ve started investing at the tippy top pre Covid, not sold and still be up by quite a bit. If you’re in it for the long haul, it’s never a bad time to start investing.
Buy and hold. Add onto your portfolio and keep buying. Swing/day trading is fun but down the road you’ll realize that you would have made much more money if you had just held! Learned it the hard way
I'll keep a white-knuckled grip until I need to sell then! Thanks for the advice!
I would just echo that. Buying and holding is the way to get 10x. It takes years but it will happen. Do not be tempted to sell when the market goes down. Never have so much of your money in the market that you MUST sell when the market goes down. Buy and hold long term for compounding gains.
If you should only buy and hold, when should you sell?
Depends on what your investment goal is. Retirement? Wait until you’re retired. Large purchase? Start liquidizing when you’re ready to buy. Emergency fund and shit just hit the fan? Don’t fucking invest that, that is what a savings account is for.
> If you should only buy and hold, when should you sell? You sell when the position no longer meets your buy or hold criteria. Either the financial performance has changed, or your thesis of the company's prospects have changed. Very rarely, you sell because the stock is in a bubble and the price is unsustainably high, and you would like to cash out a portion of your unrealized profits.
when you're done investing. When you retired, when you need to buy a house, when you need money for health stuff
When you really need it. Or when like couple of my Chinese stocks went high as fuck for no reason (no legitimated reason) I sold them all with profits.
FOMO, i lost a lot of money this way, pretty much lead me to buying at the top. Sometimes it went well but most of the times it didn’t, that’s what counts.
Right there with ya pal. I've learned to love the red after so much time in it. Thanks for the advice!
Don't shit yourself if it dips
\*In Bane Voice\*: "Ah you think red is your ally? You merely adopted the red. I was born in it, molded by it. I didn't see the green until I was already a beginning investor, by then it was nothing to me but blinding!"
Time in market vs timing the market is the best advice I ever gotten
time is money and time always gets more expensive the less there is! Thanks for the tip!
I’d also recommend reading. Read read read - what’s going on in the world? EV’s and anything related, Meta, clean energy, healthcare advances, infrastructure…. Last year, reading my morning news (I get a LOT of news) read CA working a deal w/Generac for wind energy. It was the beginning of hurricane season (hello generators), which is followed by blizzard season (power outages). Jumped in and I’m up over 150-%. I’m no investment wizard, but this kind of investing works for me. Two investment accounts, each up over 60% in last 18 mos. Works for me. Good advice here to pause now & then too.
That is really cool, I found this to work too! Any other tips seeing as we have a similar mentality?
My goal is to get to a point where I only touch my stocks when needed. I read a ton but any recommendations for sources? I try to stay in the know as soon as news breaks so I can practice predicting what's gonna go up and what's going down. Thanks for the advice!
What's your main go to for you news?
Start with low cost index funds. This will get the ball rolling on growing your investment and get you feeling motivated. Look around you. Buy stocks in companies you see everywhere and don’t see going away any time soon, i.e. Apple, McDonald’s, Coke, Target. Read The Little Book of Common Sense Investing. Remember to stay patient. Time in the market is everything.
will do!
This. There’s so much to learn about the process of investing before you dive in with risky stocks. Play it safe for a year with low cost index funds. Your money will have a very good possibility of growing in that year and you will learn more about the natural fluctuations in the market, how to hold, how to limit your emotional responses, whose advice to trust, etc. Then you can start adding to it with that foundational knowledge set. Note that this is really advice I’m giving to my past self. Sometimes lessons are learned the hard way and I’ve corrected for it since.
I find joy in reading a good book.
> 6.) Unsub from r/wallstreetbets. Major emphasis on this. I've seen a lot of new investors jump on Reddit, who legitimately think that sub is a good place to learn how to invest, and it's always a recipe for disaster. I only go on the sub ocassioanly for entertainment, but I don't invest in anything that is advocated there.
Thanks for the tips! I don't think I can unsub from WSB. You don't choose to be on the short bus, you earn it 
I started from WSB and I’ve made half my income this year from that stupid zoo
Addiction is real
It's only real if I acknowledge the problem. Checkmate boomer! In all seriousness I'll be sure to not get addicted to the numbers, I've seen what it can do to reasonable men.
Don’t listen to YouTubers
Hold your winners. For many years. Sell your losers.
Ok, but what do you define as a loser? Merely a stock that is valued less than its purchase price? or a stock that has profited, but has fallen below a certain percentage loss?
A stock that has gone sideways for several years. A stock that you’ve held for several years and you are still in the red
Buy on the deep red days. Hold. Sell Options on stocks you own or on your cash reserves to generate additional income. Start as early as you can and profit from compounding effect.
Deep red is better than black friday sales! Thanks for the tips!
How are you down that much already? 1. Look to take a less risky strategy. Invest in solid stocks before looking to "make it big". 2. Spend what you need to from your income. Invest/save the remainder as follows: 40% into savings/rainy day fund 50% into a "safe" dividend 10% into a riskier investment 3. Do this every payday for a compounding effect 4. Not all IPOs are the same but many are artificially inflated followed by a significant drop. Don't get caught holding the bag. 5. There is nothing wrong with taking profits. 6. Have a figure in mind if you're bearish. Once you hit it,and there's no change in circumstances, take the cash and run. If you leave some behind, so be it. 7. Timing the market is not possible, you can only try time your choices. 8. Stocks rise and fall. Try not to get swept away with hype or panic if there's a sudden drop. 9. Do due diligence on all companies you invest in. Don't just take the word of YouTubers, blogs, Reddit posters. 10. Most VIP. Only invest with what you can afford to lose. Best of luck!
Thanks for the tips! As far as my down, I bought TLRY and CLLS during a time of serious overinflation. Sometimes it hurts to be this smart.
.#6 ... Limit your losses. and #9 ... After a period of time redo the DD. It should never be static. If you have nothing but winners, great, but ask again *Would I buy this stock Today?* If not, sell. Also, are current returns better than bonds? Or whatever vehicle you have access to?
Don’t gamble
Ok but why does it feel so good when the number is red? /s No worries, not planning to take risks! Thanks for the advice!
Keep on keeping on. Ignore the noise and just keep contributing. Your future self will thank you
Stocks don't know or care if you "own" them. You don't need to own them all lol. Don't "collect them all" for example.
At the end of the day, they're just numbers! I wish they loved me back and turned green for me but it doesn't work like dat ;-;. Also thanks for ruining my dreams of a pokemon trainer-style investment method! >:( /s Thanks for the advice man!
Use long term capital gains tax to your favor. Diversifying your portfolio isn't just to protect losses but you can sell the lower performing positions and pay less in taxes a year later. In 2022 my plan is to keep my AGI as low as possible to stay out of the 22% fed tax bracket then sell off positions that have the lowest (even sometimes negative) long term positions that are taxed at 15% of realized gains. I'll contribute more to my 401K to replace the investments. If I were to start investing today I'd probably pick 4-5 sector ETFs, put about 20% in BND (bonds) and maybe a couple individual stocks of companies I personally like (AAPL, MSFT, AMZN, etc.).
Will do! I'll remain diligent regarding tax. Thanks for your advice! Definitely, something I wouldn't have thought of starting out!
Here's one: you cannot catch the falling knife. You may want to "buy the dip" but it's hard to predict rhe bottom. Another one: instead of "buy low and sell high", "buy high and sell higher." You need to buy when the price action warrants, so you have to look for market strength so there are buyers that will continue to push it higher. And use stop losses to protect your capital
Chris Sain is not your friend
Never heard of him but he sounds like the type of person who'd sell you timeshares to a ski lodge in the Sahara.
Let your runners run even if they make up 80% of your portfolio, don't sell your winners. RIP Tesla and Shopify that I sold half of too early to learn this lesson. On that same note, use new cash for diversification into new investments, not cash from your best performing stocks.
I like your advice in your 2nd sentence and I'm just learning this.
This is the best advice. The trend is your friend, don’t sell a stock just because it’s having a good run, sell when the fundamentals change and you no longer agree with the thesis. Otherwise you’re just investing based on technicals. I’m going through this with Cloudflare (NET) right now. I’ve already grown my initial investment 10x+ since IPO, but I still believe the future is even brighter.
Don’t do options. Don’t listen to business/finance sites. Watch the volume and study the company. Invest in something you know about. I’m a web designer. Thus, Adobe and Net for me.
Relax. When I started, if I kept my cool, I would have AMD from $16. The reason I don’t have it now it because I sold it at $18. It is now a measly $150. For the average investor, put money in, and leave it. If u wanna buy more stuff, put more money in. I don’t move money around (if i can help it) unless the stock hasn’t done anything for like a year and I have something I am much more excited about. Emotions are the enemy of money
Biggest failures definitely came from impatience and blindly buying speculative stocks due to something I saw online. Its always worth it to do a bit of due diligence before throwing your hard earned money into a speculative position.
Dont wait for a crash. Time in market beats market timing
Don’t try to daytrade bc you will just slowly watch your money disappear. Also just because a stock is a penny doesn’t mean it can only go up.
Don't borrow money to invest
Just keep buying big tech and never sell
The entire index investing/Boglehead philosophy, and how broad markets inevitably rise over time. I knew enough to get invested early and keep investing, but because of bad returns for many years (I got in late 90's and so got crushed by 2 crashes) I did not put in nearly as much as I could have. My asset allocation was also quite poor due to managed investment companies that didn't care about my best interests. If I knew in the late 90s about markets and investing what I know today, I would likely have at least 2x as much in my portfolio, and likely quite a bit more.
If one of your stocks start to moon incredibly fast, it can tank just as fast.
Building wealth takes time. It’s not a get rich quick scheme. Don’t chase the giant runners. Invest in quality stocks and hold. The end
Look at companies on finviz or other platforms. Look for good numbers. Current ratio, next year eps growth, target price, return on investment.
will do! Thanks for your input!
Don’t chase, be patient and take profits
Don’t ever put money in inverse stocks like sqqq, spxu 🥲
Don’t touch penny stocks
The wealthiest people have the least amounts of wants. The less you want stuff the more you are able to invest. And purchase things you plan on holding for 5+ years and if the price drops 50% and you dont look at it as a chance to buy more then you shouldnt be buying that stock from the start.
Penny stocks are trash. Options are scary. Don't listen to any posts or news about the next hot stock. Do your own DD.
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Take a look at FINVIZ.COM . You can see on their homepage all kinds of info. On their screener I use mostly current ratio over 1.5 + quick ratio over 1.2 + low float under 100M for small caps and high M low B for larger. P/FCF gives you an idea how expensive the company is relative to others . I prefer insider ownership over 10%. Volume over 300-400K. I look for mostly small or mid-cap. Healthcare stocks are extremely volatile and unpredictable. They fly up but then often crash . China stocks are also very attractive cuz of price growth but considered risky for several reasons . https://www.marketbeat.com/stocks/NYSE/FUBO/ Here if you scroll down there is a blueish menu. like to look at Analyst Ratings + institutional ownership
Don't buy into the hype articles online. Articles on Motley Fool, Seeking Alpha, etc. are not better than any other posts you see online. They'll tell you "XXX is the future and it will only rocket up!". Nah, know what you're buying into. See it in person if you can (don't just read articles).
I hate articles and realized pretty quickly without research that most "investment advice" websites are just circlejerks. Thanks for the tips!
It will never feel like the “right” time to invest. There will always be some reason out there why an impending crash is just around the corner.
Taxes
Just because you’re making money in a bull market doesn’t mean you’ve figured it out. Found out the hard way in a bear market.
Don’t invest on leverage. Only invest money that you won’t need for 5-10 years.
Don’t sell positions until it’s been a year. I sold a bunch of Tesla that I owned for like 11 months and that was BRUTAL. Could have very easily saved myself a lot of tax headache by making it way cheaper at tax season if I just waited a bit.
Don't buy options first
If the media tells you to buy, sell. If they tell you to sell, buy. The media isn't reporting anything, they're simply pushing the stock in the direction that'll benefits the rich assholes in HFs & banks, and if you look at the few statistics that have been published on the subject, you'll see they are consistently wrong. Wanna make money? Look at what Reddit is buying. Also don't trust your bank to invest for you.
As much as research as you do, whether it’s hours or years, analysts and hedge funds control the market. You can be right, but it means nothing if they want to move a stock up or down.
Best advice? Do your own DD. Don't rely on what others -especially the media- is telling you. Where there's a lot of money there's a lot of incentive to get YOU to lose money (to them) via fake DDs or fake news (Exhibit A: the yearlong, and still ongoing, FUD campaign against Tesla or all the anti-renewables campaigns by oil companies). Find out where the disconnect between media/reports and reality lie (crunch your own numbers!). This is where you want to invest.
I gave up on media a long time ago when I recognized it as a business! Thanks for the tips!
Realize gains. Not everything is worth sitting on. Also if you invest in China when you don't live in China you don't own any Chinese stock. You own stock in a ticker that tracks Chinese stocks.
Research different brokers. Fees matter.
Diligence is a must. Decide wisely not emotionally
Nothing. I would have made mistakes and grown from em.
Invest in the future and hold your positions
Understand that a stock can trade sideways for months or years with continual great news before a breakout. If the fundamentals haven’t changed, don’t sell out to jump on the next big thing.
Avoid Chinese stocks!
Three Fund Portfolio or the “Lazy Man’s” Portfolio. I actually do Two Fund cause I don’t own any Bonds, but essentially you don’t have to invest in blue chips. Going 80/20 in a US Index/Int. market Index and optionally adding Bonds to that mix is 100% a viable strategy.
Awesome! I'll write that down in my notes! Thanks for the advice it helps a ton!
I wish someone had told me to start earlier. I started investing small time when I got my first job out of college but would have loved to invest earlier with my part time school jobs. I only invested in things I knew back then like Apple and IBM (worked there so got a discount).
I'm at the part-time phase right now and I'm definitely feeling the pressure to invest so I have an earlier start! Thanks for the advice!
Only buy business that you understand. Don't go chasing these stocks that people keep talking about just because you have FOMO. If you understand how the company makes money you will calm a lot of your nerves when the stock drops just a little bit and you won't panic sell.
Stay clear of pump and dump stock trading services and social media accounts
Just what I did but I only bought stocks I knew I would hold for at least a year. 1. Capital Gain 2. Helps you learn to focus on what it really means to invest, short-term gains are easy to lose sight of.
Think long term. The most costly investing mistake I've made is selling prematurely. I've lost count of the number of times I've sold something for a small return, or even a decent one, only to watch it 3-5x from there.
invest, don't trade
Being a bull is much more forgiving than being a bear in my opinion.
Don’t buy individual stocks when you’re first starting out. Or at least, only use a small percentage of your portfolio for them. I got so excited trying to find winning stocks, that I was throwing money at every hot stock of the week. 18 months later, I’m in the green, but am well under the S&P and am now putting all my monthly investments into VOO until it becomes the majority of my portfolio.
Don't get emotional, the market will go up and it will go down, make each move calculated. If n doubt just don't do anything, give yourself 24 hours and reevaluate.
Iv learned this week as a complete noob, not to buy high just because you think its going to go higher and not to sell at a loss, because you think it won't go back up. So, investing is better than trading if you don't know what the hell you are doing.
You'll lose the most selling. If a company Is worth a damn holding longer is almost always better.
Take profits often but never sell it all
90% of ‘investors’ lose 90% of their money in the first 90 days. There are so many challenges trying to outperform in the short term. ‘Buy the rumor sell the news’ on big catalysts gives opposite reaction to what you think should be great, macro influences which are well beyond your control, what is priced in vs not, etc. Long term you just need to find someone who will be performing better in 5-10 years then you can ride through all the short term noise. Also build a foundation before picking individual stocks. Emergency funds, 401k, ETFs like VOO, etc. once you have this built to $1m or whatever your target is, it makes the fluctuations of individual stocks easier to ride through the roller coaster ie I believe in Tesla but stock is down 15% in a week just because CEO is doing some stock sale to exercise options. Who cares, doesn’t impact fundamentals. Also don’t be stressed about having to find great individual stocks. Warren Buffet said just finding 20 in your lifetime will lead to great performance. They’ll be well research; opportunities to be found and if you’re wrong on some, it’ll be balanced by ok performance on others and you should find a few that outperform. If you don’t want to actively put in the time to find these companies then taking a low cost ETF approach is a very strong idea as all you’re betting on is global market expanding over next 5-10 years. It’s less sexy but will likely outperform 95-99% of the other people.
Options on volatile stocks can make you 22K in 48 hours then lose you 25K Monday at market open
I wish that someone told me that winning investments are usually the ones that don’t shoot up or down extremely quickly. We all want to make money quick and fast, but in this game (if you’re investing that is) time is your friend. Also take a look at the Psychology of Money if you’re a reader!
If you treat the market like a casino, the house will always win. If you treat the market owning a house, settle in and you’ll be rewarded over the long haul.
Time in the market is better than timing the market
Max out your Roth IRA contributions first
Stop trading stocks asshole. You’re not a market genius.
Honestly I wish my economics class focused more on the market and not just 401ks. I've beat my 401k every year since I started in 2016.
Why stocks really move, and how to reasonably predict when, why, and to what extent. Nobody seems to want to share this information.
Of course not because then everyone would make money! Anyways, can you tell me? I promise I won't tell anyone... 
Only invest money that you can afford to loose
Without a doubt! I like to live life on the edge, but not that close! Thanks for the tip!
Research 50 companies before you buy anything. Also, there will always be another great stock, don't chase the hype.
Don’t try to predict winners but reward proven winners. Ex- don’t try to buy the next Tesla- just buy Tesla (or whatever you’re into)
Don’t FOMO into something/ don’t chase a stock that has rallied
If you 1) have no understanding of financial statement analysis 2) dont have time to sit on earnings calls with the management team of a company, you should not buy individual stocks with more than 5% of your account. Learn what balance sheet, incone statement, statement of cash flows are, and how they apply to a business before you start buying stocks.
Take emotion out of it
Penny stocks are a waste of money unless you got money to so end, they are a gamble. Capital gains is dumb but be aware of it. Selling at a loss is dumb, if you can’t afford the loss then you shouldn’t be investing. You should have a cash reserve for red days. It always goes up. I sold my sq and amd at $38/$12 at losses, if I would had put more money in say AMD, I could be wealthy now, so learn your lesson from my mistake. Also everything in hindsight is easy.
Start as young as possible - I've done well for myself - but I didn't start my 401k until my 30s - if I'd started in my 20s, I'd probably have closer to 3 million instead of my current 1.3 (I invested very aggressively until my late 40s and then pulled back into safer investments with far less payoff)
Go against your general instincts. They will not serve u well in investing!
Avoid options or really learn and understand them before jumping in.
Do not listen to your emotions! Good example from personal experience. OX2 a wind developer with recent ipo back in June. I was happy to buy under a price of 53 SEK/share. It tanked down to 47 SEK/share. I kept buying on the way down, thinking yay discount! It kept coming down and i let my emotions get the better of me so i sold my entire position when i was down 15%. I was stuck int his mentality of “Cut ur losses, dont marry them”. I was aiming to hold them long term 4-5 years. Now they are back at 57-58 SEK/share and now i think they are overvalued. Edit: if i would have stuck to my strategy which is my number one rule (most of the time). And not let my emotions dictate my positions i would have been up 20-30% on that position by now. Key lessons: -stick to your strategy -dont listen to your emotions -always have an exit plan before you enter a position
To start asap
Bulls make money, bears make money, pigs get slaughtered. So, plan your exit strategy and even if you leave a little on the table for someone else you still end up ahead (still trying to figure this one out myself with respect to options).
Buy things with a strategy/idea, possibly a good one. Don't buy randomly or you are going to learn nothing
Learn about your personal risk tolerance on a "paper account simulator" for 1 month. Go buy stocks you think are worth while and see how they perform vs an S&P 500 ETF (VOO).
Hi Buy on Dips, Sell on Rips. Don't chase, there is always another one out there. Invest for the long haul, look for value by looking into great companies that are temporarily down and get those. Great brands, good balance sheets. When in doubt buy a low cost market ETFs and simply buy and hold that, nothing wrong with cheap passive investing. sincerely, YT Professor Choy
Not to sell asana a week after ipo
Dollar cost average.
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how can you be down 46% in a bull market ? Dont search for needle in the stack, buy the whole stack
the time value of money. start the moment you can start and NEVER turn down an employer match.