Does anyone have good advice on investing? | |
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Anonymous Coward User ID: 80562797 United States 09/18/2021 09:45 AM Report Abusive Post Report Copyright Violation | Watch dogs chase cars, because that's what investing is all about. The fed floods the economy with cheap credit and it flows into stocks. Just follow the herd, but be warned there are the occasional crashes where the elite shear the sheep but that's that comforting sheep thought you just need to hold on through the bottom and prices will head back up again with more monetary malfeasance. Just get a day trading account and buy the indexes, they go up with the rest of the fraud and you'll feel smart. |
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Radagast the Brown
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Anonymous Coward User ID: 21054662 Denmark 09/18/2021 09:55 AM Report Abusive Post Report Copyright Violation | I never got into investing, but I was curious to see if anyone has any advice ? I want to make money out of work, but I have no idea what to do? I enjoy live-streaming and playing video games on my off time. I don’t do it for money of course . Quoting: CigarTigher Just curious . But land, before its sold. |
Xeven
User ID: 80683137 United States 09/18/2021 09:55 AM Report Abusive Post Report Copyright Violation | Yes. Don’t ask for investing advice on GLP. I reserve the right to declare my comments and posts as satire. Nothing I post should be considered or interpreted as advocacy for illegal activity. My comments are designed to inspire critical political thinking. I only mean half of what I say and only say half of what I mean. |
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Pres. Elect Festus Hoggbottom
User ID: 78382070 United States 09/18/2021 10:00 AM Report Abusive Post Report Copyright Violation | If you don't know how to do it, there is a very simple and effective way to get in the market. It's very likely to be profitable, but not by massive percentages and not quickly. As you spend more time learning, you can gauge more effective ways to get bigger returns quicker. Here's how you start with no knowledge: 1. Get a Webull account. 2. Set up your bank for transfers and fund that account with the total amount you want to invest. 3. Pick an index or split between all three (DJI, SPX, NDX are the big ones) 4. You can't trade the actual indexes unless you have big bucks, but each one has multiple ETFs that follow it. Put the ETFs on your Webull watchlist (DJI ETF = DIA, SPX ETF = SPLG, NDX ETF = QQQ) there are others if you prefer, but these are the ones I use. 5. Break your investment $ into at least 26 pieces ($2600 would be 26 $100 chunks). 6. Invest that amount (whether all into one ETF or split between 3, your call) every week. Friday or Monday afternoons are the best times to do it on average. 7. Let it ride for as long as you can. Don't use money you need. You'll need to dig into the app to find out how to buy and sell, how much, etc. You don't have to buy full shares, you can use dollar amounts (partial shares) instead. That's what you want to do. It's called dollar cost averaging. If you can time it to buy in while the market is tanking, that's where your best returns will come from. That's the simplest and least risky way to get into the market. I would encourage you to learn over time because you really can increase your gains and the time it takes to get them, but if you try that too early, you'll probably lose it all like everyone else who has done that (including me, multiple times!). Last Edited by Festus J. Hoggbottom, III on 09/18/2021 10:02 AM I did it. I did it on purpose. And I'll do it again. |
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Anonymous Coward User ID: 21054662 Denmark 09/18/2021 10:02 AM Report Abusive Post Report Copyright Violation | You can cut some wood figurines also and paint them make different themes like christmas, easter, halloween, or just action figures of wood, or some kind of strange chees pieces, then you can hey look!..see here..buy 3 for 10 or the whole set for 80 and 10 ontop for the board... |
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Anonymous Coward User ID: 50044063 United States 09/18/2021 10:08 AM Report Abusive Post Report Copyright Violation | I never got into investing, but I was curious to see if anyone has any advice ? I want to make money out of work, but I have no idea what to do? I enjoy live-streaming and playing video games on my off time. I don’t do it for money of course . Quoting: CigarTigher Just curious . Open you wallet. Pull out a few hundred dollar bills. Now burn them |
Anonymous Coward User ID: 50044063 United States 09/18/2021 10:08 AM Report Abusive Post Report Copyright Violation | |
CigarTigher
(OP) User ID: 79348987 09/18/2021 10:10 AM Report Abusive Post Report Copyright Violation | If you don't know how to do it, there is a very simple and effective way to get in the market. It's very likely to be profitable, but not by massive percentages and not quickly. As you spend more time learning, you can gauge more effective ways to get bigger returns quicker. Here's how you start with no knowledge: Quoting: Pres. Elect Festus Hoggbottom 1. Get a Webull account. 2. Set up your bank for transfers and fund that account with the total amount you want to invest. 3. Pick an index or split between all three (DJI, SPX, NDX are the big ones) 4. You can't trade the actual indexes unless you have big bucks, but each one has multiple ETFs that follow it. Put the ETFs on your Webull watchlist (DJI ETF = DIA, SPX ETF = SPLG, NDX ETF = QQQ) there are others if you prefer, but these are the ones I use. 5. Break your investment $ into at least 26 pieces ($2600 would be 26 $100 chunks). 6. Invest that amount (whether all into one ETF or split between 3, your call) every week. Friday or Monday afternoons are the best times to do it on average. 7. Let it ride for as long as you can. Don't use money you need. You'll need to dig into the app to find out how to buy and sell, how much, etc. You don't have to buy full shares, you can use dollar amounts (partial shares) instead. That's what you want to do. It's called dollar cost averaging. If you can time it to buy in while the market is tanking, that's where your best returns will come from. That's the simplest and least risky way to get into the market. I would encourage you to learn over time because you really can increase your gains and the time it takes to get them, but if you try that too early, you'll probably lose it all like everyone else who has done that (including me, multiple times!). Thanks!! I really appreciate it. |
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Anonymous Coward User ID: 21054662 Denmark 09/18/2021 10:10 AM Report Abusive Post Report Copyright Violation | But you need to get an accountant involved and a technician so they can figure out how then can develop a program that the banks can use where you get the opportunity to set a % of all ingoing transactions that gets put on a savings account automatically, you can set it to 3% and in a year it will quickly be several 1000s. |
Crypto-Tard
User ID: 78144147 United States 09/18/2021 10:14 AM Report Abusive Post Report Copyright Violation | Buy usable tools like chain saws, portable cordless power tools, nails, fasteners, caulk, building materials, firearms (legally acquire them), bullets, iron rebar, plywood, rolls of plastic sheeting, tarps, pvc pipe and fittings, pvc cement....cans of tuna. You get the idea. Gold and silver will be worthless, no one will want it. Your bank account and stock portfolio will be worthless. The internet and electricity will be down. Cryptocurrencies will be worthless. You will need to eat and will trade whatever you own for food. If you can get an ounce of gold for $1800 and a can of tuna for $2, you should buy the tuna. In Cambodia at the height of the Khmer Rouge, one ounce of gold bought two cans of tuna. Last Edited by Crypto-Tard on 09/18/2021 10:15 AM When you are afraid of losing your life, you have already lost your life. Don't be afraid. |
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