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  • Aug 10, 2020
    Shy

    Never too late for anything. Just throw money in you aren't afraid to lose and learn as you go.

    That’s the plan

  • Aug 11, 2020
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    1 reply
    Raph

    yall good any good stock recommendations. Got a good amount of money to invest but idk where to start

    There are way more knowledgeable people on here, but I started on robinhood in march and I'm up ~30% atm. Individual stocks are very risky so its important to do your research. Exchange traded funds (etfs) reflect the entire stock market and are less volatile. VOO (+14% in the last 3 months) and QQQ (+18% in the last 3 months) are safe starters.

  • Aug 11, 2020
    ragedsycokiller

    Cashed out enough to where my equity leveled out to what I initially bought it for. I'm good for now

    smart move. I sat on the sidelines during all the EV run-ups. Looks like they are all out of steam for now. Looking to buy into tsla around 800-900 if it gets down enough

  • Aug 11, 2020
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    1 reply
    rozco

    I would wait to see how the next few weeks shakes out. Make sure you're paying off your credit cards etc before investing, and you should set up an IRA or contribute to a 401k if you have that through work.

    Either way, don't invest all at once. You should periodically put some money into solid ETFS like VOO and QQQ and then do your own research for individual stocks.

    I don't believe in crypto but plenty of people do. If you would have invested in BTC in March you'd be more than 50% up by now, but thats true for plenty of actual stocks from that dip. The fact that crypto more or less moves with the rest of the market and is as volatile as a spoiled teenager doesn't give me confidence to invest in it in a sustainable way, and that's how I like to invest.

    My portfolio is pretty safe, if the market takes a huge dive I'm not particularly worried, and I have more money set aside to invest.

    Remember that no one including me knows what they're talking about. Don't get greedy. Don't invest options. The point of investments is to grow your money over time with a better return than you could get just parking it in a high APY savings account. If you just invest wisely and are patient there's no reason you can't achieve this. Good luck.

    Well said brother

  • Aug 11, 2020
    Raph

    yall good any good stock recommendations. Got a good amount of money to invest but idk where to start

    clsk & vbiv

  • Havent followed vbiv since my last big call, but I wonder if I should get back in ^

  • antiquated statistics, but alot of people got out of Vbiv around that high, and it appears to be in an accumulation zone, if you wanted to be optimistic

  • Aug 11, 2020
    ragedsycokiller

    Yeah that telsa stock was making me scared cause I never made that much money in a flip, but not I took those earnings and placed them in a ETF for dividends. It'll take me 3-5 years to invest enough to get paid back 1k with dividends. In for the long run

    For sure, I’m not even looking out for dividends right now, just trying to build my investments for the next 20 years

  • Aug 11, 2020
    dotM

    Well said brother

    Thanks bro

  • Aug 11, 2020
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    1 reply
    worldpeace

    CLSK wont stop

    I sold all 890 of my shares at $4.00

  • Aug 11, 2020
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    1 reply

    any elite books on trading strategies specifically for scalping and/or day trading?

  • Aug 11, 2020
    lnstinct

    Vxv : around $0.10 today

    harmony might pump tho w binance & coinbase support tho u right but I’m not bullish on ethereum clones with no real usage mid-long term

    $0.40 now

    coingecko.com/en/coins/vectorspace-ai

  • Aug 11, 2020
    niccalix

    I sold all 890 of my shares at $4.00

    get back in were going to the moon

    if tesla buys

  • Aug 11, 2020
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    2 replies

    Going through a course right now to cover the basics.

    How much capital is ideal to start out with?

  • Aug 11, 2020
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    edited
    AP3

    Going through a course right now to cover the basics.

    How much capital is ideal to start out with?

    depends on what you want.

    You could start with 1k as long as you contribute 50-100$ a week. If you wanna make one deposit...3-5k that should be a good amount.

  • Aug 11, 2020
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    1 reply
    AP3

    Going through a course right now to cover the basics.

    How much capital is ideal to start out with?

    1k if you have a manageable credit card bill and no outstanding debt.

  • Aug 11, 2020
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    1 reply
    ragedsycokiller

    1k if you have a manageable credit card bill and no outstanding debt.

    Does student loans count as outstanding debt?

  • Aug 11, 2020
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    edited
    AP3

    Does student loans count as outstanding debt?

    Depends on how much and your interest rate. If it's seething you can't pay off in the next three years, then I would say prepare to budget hard. After paying your bills off somewhat, know how you want to split your income to start investing and know how to handle your finances to go into your expenses, savings, and investing.

    6 month savings of living expenses is ideal to have.

    So pay bills and save first then invest

  • Aug 11, 2020
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    1 reply

    How much y'all guys got on BTC rn?

    Holding $600

  • Aug 11, 2020
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    2 replies

    can someone explain to me this Tesla 5 for 1 exactly? Is this an ideal time to buy? I’ve been waiting for a good entry point

  • neon 🍄
    Aug 11, 2020
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    edited

    wish i bought statera when i found out about it 3 months ago
    up 35x this month

  • Aug 11, 2020
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    1 reply
    Pinhead

    can someone explain to me this Tesla 5 for 1 exactly? Is this an ideal time to buy? I’ve been waiting for a good entry point

    5 for 1?

  • Aug 11, 2020
    ragedsycokiller

    5 for 1?

    5 for 1 split

  • Aug 11, 2020
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    edited
    Pinhead

    can someone explain to me this Tesla 5 for 1 exactly? Is this an ideal time to buy? I’ve been waiting for a good entry point

    take whatever the stock price is and divide by 5.

    take however many shares you own and multiply by 5

    ex. tesla is 1500 / 5 = 300 new share price
    I own 4 shares, 4 * 5 = 20 shares shares after split

  • Aug 11, 2020
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    1 reply

    Tesla 5 to 1 stock split let’s goooo💪🏽

    Easy 3x within the next few years. Psychology is a motherfucker