Any amateur investors in here?
Forums › General Discussion › Any amateur investors in here?-
‡℟ɸɱⱥɲ☧ɭɇɠɩɸɳ‡ wrote:
It is. Mickey Dunn is not an actual person. He is ai and now that we got the new ad company this must have been programmed inThis post sounds like an ad
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⇚❹☠❶☠❺⇛ wrote:
〓₩ⅈʗ₭Ë̤ᐈ EVO〓 wrote:
Not sure what you mean. You mean a 1 time investment of a couple hundred? I mean, no matter how much you can afford just contribute monthly, even if it’s only 50 bucks a month, and build from there. Increase when possible.No need to beat the market IMO. Read on reddit all the people retiring early just because they invested in an S&P etf or something similar. Even counting all the bad years S&P averages over 6% a year. Slow and steady wins the race
Great advice...for those who have enough investment capital. But, flipping $100-300 at 6% is a long haul. Not everyone has enough investment money to go that route. If you only have a couple hundred to play with, you gotta take chances.
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Not sure what you mean. You mean a 1 time investment of a couple hundred? I mean, no matter how much you can afford just contribute monthly, even if it’s only 50 bucks a month, and build from there. Increase when possible.
I mean slow & steady doesn’t offer much potential with a small investment. For example, investing $50/month for 50 years at 6% compounding interest is still less than $190K. That’s nice but not riches. And, doubt many of us will be here in 50 years.
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〓T/\T〓 wrote:
Crap. My covers been blown.‡℟ɸɱⱥɲ☧ɭɇɠɩɸɳ‡ wrote:
It is. Mickey Dunn is not an actual person. He is ai and now that we got the new ad company this must have been programmed inThis post sounds like an ad
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⇚❹☠❶☠❺⇛ wrote:
No one is retiring on 50 per month in any investment. Missing my point again... What do you suggest?Not sure what you mean. You mean a 1 time investment of a couple hundred? I mean, no matter how much you can afford just contribute monthly, even if it’s only 50 bucks a month, and build from there. Increase when possible.
I mean slow & steady doesn’t offer much potential with a small investment. For example, investing $50/month for 50 years at 6% compounding interest is still less than $190K. That’s nice but not riches. And, doubt many of us will be here in 50 years.
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I’ve been using acorns for a while now. There’s no fee if you are a student, and the round ups are super nice. Easy to forget about it and just let it work
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I’ve been contemplating long and hard about investing after I pay off my vehicle which will be in the next couple months. Still won’t have much money to invest. My family has had great success investing with Edward Jones but I don’t know if that’s for me. I feel like I’d rather pick and choose what I wanna invest in and do it low cost. I’ve looked into stash, acorn, and Robin Hood and tbh of all the options I’ve read about I’m seriously considering stash but I need to do more research. It just all seems so complicated to understand. I’ve thought about asking my grandma to sell the McDonald’s stock she bought me when I was a kid to reinvest that profit. Keep this conversation going, im steady reading these opinions and tidbits of info.
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Well Mr Reddington, I'm no Warren Buffet and I only have experience with two of the aforementioned apps but from what I have seen, Stash and Acorns are basically just glorified savings accounts. If you're looking to get into the stock market with dreams of becoming rich overnight, this is not the way to do it. In 8 months with Stash I've managed to pump $1000 into it. Back in October when the stock market was doing horrible I was down almost $200 at one point. Currently I have $21 in gains. But hey. There's $1021 that I have now that I otherwise would've wasted. Probably in $5-10 increments on the overpriced vending machines at work.
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Mr red, I’d encourage you to research how to best invest tax efficiently before investing in an after tax account after your car is paid off. Instead, invest more money in a pre tax account for roughly the amount you were paying your car and the tax free growth is astronomical when compared to investing less money after taxes in your paycheck, as well as taxes each year on capital gains.
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I use Scottrade to invest . Also I use to invest in crypto while it was unregulated 🙃
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Anyone heard of the infinite banking concept by Nelson Nash?
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R. Reddington wrote:
Have you read Rich Dad Poor Dad by Robert Kiyosaki? That's a baseline foundational book on money. Needs to be required reading in high schools and colleges.I’ve been contemplating long and hard about investing after I pay off my vehicle which will be in the next couple months. Still won’t have much money to invest. My family has had great success investing with Edward Jones but I don’t know if that’s for me. I feel like I’d rather pick and choose what I wanna invest in and do it low cost. I’ve looked into stash, acorn, and Robin Hood and tbh of all the options I’ve read about I’m seriously considering stash but I need to do more research. It just all seems so complicated to understand. I’ve thought about asking my grandma to sell the McDonald’s stock she bought me when I was a kid to reinvest that profit. Keep this conversation going, im steady reading these opinions and tidbits of info.
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Yes and I agree with this ☝🏻
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Never heard of it
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Hi was thinking of investing in some scar butch and Groucho turf can you give us some financial advice I do have a lot of money to invest 😆
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I invest in bitcoin and crypto currencies much higher % returns and less fees and you can deposit any amount of money on most exchanges plus with cryptocurrencies starting to come out of a bear market there is going to be plenty of profits to be made.
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If you know how to read charts and trade off fibs, rsi’s, stolachtic charts ect ect. You can make easily mininum 10% a week there are people i know making upto 140% a month
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‡℟ɸɱⱥɲ☧ɭɇɠɩɸɳ‡ wrote:
😂☠ℳͭͭℯͪƝͤɐℂℰ🃏 wrote:
Those people are probably lyingIf you know how to read charts and trade off fibs, rsi’s, stolachtic charts ect ect. You can make easily mininum 10% a week there are people i know making upto 140% a month
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‡℟ɸɱⱥɲ☧ɭɇɠɩɸɳ‡ wrote:
Not lying they are in my trading pool and show there trades i get alot of them but i dont trade full time so miss alot i spend about 4-5 hours on charts a night and currently at around 60-70% profit a month. I compound my trades with my trading portfolio with goals of living off trading in the next 3 years hopefully making $250k a month and so far i am on track.☠ℳͭͭℯͪƝͤɐℂℰ🃏 wrote:
Those people are probably lyingIf you know how to read charts and trade off fibs, rsi’s, stolachtic charts ect ect. You can make easily mininum 10% a week there are people i know making upto 140% a month
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If you have the right mindset and discipline with your trades its easily achievable in a volatile market. All you guys trying to trade the old school stock market making your 6% gains a year have fun because the new world are making $$$$ and laughing at you. Cryptocurrency is here to stay and you will be kicking yourself in 10 years time because you all missed the boat.
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☠ℳͭͭℯͪƝͤɐℂℰ🃏 wrote:
Lol I’ve been kicking myself now for not spending on a bitcoin when I first saw it around $200. Things don’t change, I have stronger quads now thoughIf you have the right mindset and discipline with your trades its easily achievable in a volatile market. All you guys trying to trade the old school stock market making your 6% gains a year have fun because the new world are making $$$$ and laughing at you. Cryptocurrency is here to stay and you will be kicking yourself in 10 years time because you all missed the boat.
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Robinhood box spreads, unlimited tendies and absolutely no way you can lose money, I promise.
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