I couldn't tell you...My interest in that company has dwindle.....
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
I couldn't tell you...My interest in that company has dwindle.....
I’m thinking about cashing out today. Will take a hit of about $1.30 a share.
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Up big in pre market
Any thoughts on Nvidia after split? I grabbed a few.
Wondering what chumps effects chumps tariffs will cause, also what he will do the the CHIPS act. Also musk wants badly to be in control of the future of Ai
Yeah he said he was going to rip the CHIPS Act up....Will be interesting to see if that happens and effects of that...
So as a person that just don’t have enough cheese nor know how on stocks and calls, I will continue to pour into my long term mutual fund holds. I can say that in less than 48 hrs I done made some change. But I’m trying to get to the BGOL almost a millionaire level.
I recall a while back a dude named Tito Jackson attempted to get us all on page to do stock picks. He was willing to show us how too. No clue what happened to Tito. Now since hell boy is a professional on this topic and is a regular poster here I’m wondering if he could bless us with some tutorials and advice? Ya may hate trump but even in his last term, if you had money in the market you made money. I think we can all agree the next 4 years can be equally as lucrative. Curious bout everyone’s thoughts.
I recall a while back a dude named Tito Jackson attempted to get us all on page to do stock picks. He was willing to show us how too. No clue what happened to Tito. Now since hell boy is a professional on this topic and is a regular poster here I’m wondering if he could bless us with some tutorials and advice? Ya may hate trump but even in his last term, if you had money in the market you made money. I think we can all agree the next 4 years can be equally as lucrative. Curious bout everyone’s thoughts.
$VOO and chill (or $VTI) for me. However, picking stocks during those years, it was hard not to make gains.
***Edit: I should've mentioned especially after the COVID S&P 500 drop.
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if you have less than 50k just invest in index funds and stay away from individual stocks.
By the way yes Trump is good for stock prices because he cut taxes for corporation but outside of your stock portfolio did any of the tax cuts trickle down to you. Did the cost of goods get cheaper and did you get a raise at your job?
Yea Tito inspired me to learn about the market also. *One thing, I'm not a professional, I just find the prospect of making money work for me intoxicating.
A few things I learned over the past 4 years:
- Do your own due diligence prior to investing your hard earned money. Losing money based on your own analysis doesn't hurt as much as blindly following the advice of others
- Day trading / Options - Require discipline & patience
- The investing game YOU are playing might not be the same one the next man is. Their time horizons & goals may differ
- Buying or selling a stock just because others are may not turn out the way you planned
- Don't try to time the market
- Only invest money you are ok with not touching for a while / or losing
- IMO, the best way to make money is dollar cost average consistently into high quality companies / ETFs and hold them. $10 per week to start should be do-able for most. Watching the account grow may give you the confidence to invest more
NVDA has been like this the past 15 yrs and it went through some rough years with heavy drawdowns. A strong pullback is will definitely happen.
Good stuff.
An added thought... I notice a lot of folks (my own friends and fam) think it's gotta be one way or the other: Trading / Gambling short term OR Investing for retirement. As if there's no middle ground. But DCAing into indexes and/or individial companies in a taxable brokerage has been fascinating to me.... and can be part of the equation (and accessible) over the course of a lifetime.
This is all good advice. Some of it is common sense but good stuff nonetheless.
When you put it this way guess I’m doing pretty good. Wish I had more to play around with. Slow and steady as she goes though! Some money is better than no money
Yeah.. mostly all of it is common sense stuff! But the others never want u to understand the game they play so they say all these words u don't understand!!
Nah.. what money u got is enough..if its 25$ a week.. its still 25$ that wasn't growing before!! We all start somewhere, but the biggest thing of it all is that you started!!
And that’s something I couldn’t comprehend in my 20s, and it’s something some of my friends in their 50s still struggle to understand.
Trump’s Win Sets Off Race to Complete Chip Subsidy Deals (1)
The Biden administration is racing to complete Chips Act agreements with companies like Intel Corp. and Samsung Electronics Co., aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.
Trump’s Win Sets Off Race to Complete Chip Subsidy Deals (1)
The Biden administration is racing to complete Chips Act agreements with companies like Intel Corp. and Samsung Electronics Co., aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.news.bloomberglaw.com
Unsure if this will assist anybody in their journey but I’ll share my experience. I’ve been investing close to 20 yrs; I started at around age 20 in 2004. I bought a Suze Orman & John Bogle book at a used book store & that started my journey, buying shares in a S&P500 & NASDAQ index fund.
I experienced the 2008 drawdown & watched half of my portfolio evaporate. I watched 10K go to 5K, but due to ignorance, luck, & being a novice, I remained in the market. I continued to dollar cost average because I didn’t know how to stop the bank transactions….. I was losing money, it was “Hell on Earth”, you couldn’t see through the fog, & everybody on CNBC was panicking. I was 24.
The market rebounded, & experienced significant growth up to the year 2020. The COVID pandemic caused the market to experience significant short term volatility. This time I was more experienced & knew not to sell, though luck still had a seat at the table.
Continue to buy & hold. Over close to 20 yrs of investing, I’ve heard all the bearish sentiment. I’ve heard America is done, a crash is due, a bubble exists, etc etc etc.
Block out the noise, & keep investing.
I experienced the 2008 drawdown & watched half of my portfolio evaporate. I watched 10K go to 5K, but due to ignorance, luck, & being a novice, I remained in the market. I continued to dollar cost average because I didn’t know how to stop the bank transactions….. I was losing money, it was “Hell on Earth”, you couldn’t see through the fog, & everybody on CNBC was panicking. I was 24.
The market rebounded, & experienced significant growth up to the year 2020. The COVID pandemic caused the market to experience significant short term volatility. This time I was more experienced & knew not to sell, though luck still had a seat at the table.
Continue to buy & hold. Over close to 20 yrs of investing, I’ve heard all the bearish sentiment. I’ve heard America is done, a crash is due, a bubble exists, etc etc etc.
Block out the noise, & keep investing.
Yeah I just really started focusing on investing outside of my 401K in the last 4 years (right at the start of Covid-19). Prior to that, didn't have the financial resources to invest outside of my 401K prior to that (mainly student loans were kicking my ass).
One thing I've learned from the bros in this group is to stay in the market and keep investing....I tell my friends to find a good index fund or ETF and set it on auto-invest. That's the best thing you can do...
There is a lot of great investment books posted in this thread as well.....
If you have the time, one resource I have found to be really helpful is https://www.betterinvesting.org/
Most states have investment groups and this is a non profit that teaches people how to invest using fundamentals....The investment group I am in is mostly older white folks, but I've learned alot from them in regards to identifying potential stocks to invest and etc....
Cederic Nash also has alot of free resources on his website and does this wealth challenge to get you in the mind state of investing and if you are interested in other endeavours. He is a really good person I've found that's been helpful and does zoom calls during his wealth challenge series every 2 weeks if you sign up for it (it's free to sign up).
cedricnash.com
One thing I've learned from the bros in this group is to stay in the market and keep investing....I tell my friends to find a good index fund or ETF and set it on auto-invest. That's the best thing you can do...
There is a lot of great investment books posted in this thread as well.....
If you have the time, one resource I have found to be really helpful is https://www.betterinvesting.org/
Most states have investment groups and this is a non profit that teaches people how to invest using fundamentals....The investment group I am in is mostly older white folks, but I've learned alot from them in regards to identifying potential stocks to invest and etc....
Cederic Nash also has alot of free resources on his website and does this wealth challenge to get you in the mind state of investing and if you are interested in other endeavours. He is a really good person I've found that's been helpful and does zoom calls during his wealth challenge series every 2 weeks if you sign up for it (it's free to sign up).
Cedric Nash | Wealth Coach
Did you know that it is going to take millions to retire financially comfortable or independent? I want to help you get there!
cedricnash.com
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Thanks for the drops.
My story is similar to yours: Had a small-small trading account for years + my 401K, but nothing in between until the panny popped off. Opened a taxable brokerage account and a Roth with M1 in May 2020 have been DCA'ing into both since.
One HUGE, huge and simple thing that I started doing at that time was budgeting more seriously. Not just living below my means (which was easy at the time cuz we couldn't go nowhere), but realizing there were certain things I could happily live without, spending only on the things I really wanted/needed, and actually tracking my money. That combination of things was powerful for me and you'd be surprised how much "extra" cash seems to pile up even on an average salary.
This was the hardest thing to do at first being that i did not have a for sure way i wanted to move in the market..earn your leisure help me cure that even though it took time just anything else!! My portfolio is pretty where i would like it to be...i have scaled-down tremendously to keep it more simple as possible!
As i did too..same time frame..i even started managing my own 401k as i knew what would make n lose money over the years they showed, some simple research! Glad i did! I just updated my 401k again yesterday remove some things that was not serving me..and im glad to here on bgol, because reading through the comments nd seeing others that look like me going through the same things and also everyone sharing their experiences really helps too!! And its much appreciated!!
Yeah a lot of money turns up when you budget. I know I need to do so but a brother needs helps. Basics, food, outside retirement is all we should be spending on.
Agreed.
I still remember my mom taking us kids to the bank in the late-80s to open our first accounts with Scotibank. Basic savings account called "Getting There" and slowly but surely we would watch our money grow depositing our little paper route checks, or money received at birthdays, etc. A childhood friend's mom worked at that particular branch and she would give us a smile and thumbs up from her office when she'd see us come in every now and again.
Same for getting into investing back in the early-2000s while in college. I was a broke college kid but mom said - "Just get in the habit of contributing to your RRSP" (registered retirement savings plan).
Anything counts & you'll learn it'll help to offset your taxable income in the long run which is a good feeling during your working years.