ABW Stock Exchange: All Things Investing
- Thread starter Inori
- Start date
One guy saying market is peaking
Another saying this just the beginning for growth (many more green days ahead)
Another saying 10-20% pull back in near future
Another saying this just the beginning for growth (many more green days ahead)
Another saying 10-20% pull back in near future
I tooold ya so.....
Tesla posts US$438M 1Q profit on strong electric vehicle sales
Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter.www.ctvnews.ca
And the stock is still falling. Smmfh.
@shutupGabi all the shit ima help dwayne with applies to you as well.
Aight my guy, first thing you gotta accept is that this shit takes time. Dont go into stocks thinking youre gonna be a millionaire in two years. You cant flip $200 to a million. That shit aint realistic.
But, with that said, the stock market has a proven track of making people filthy rich. Over a 100 years of making people money. The proof that it works is all there. Its just that those people are patient. Depending on your plan, investment style, and being patient, this is like a 15-20 years to make a million type plan.
Once you make the first million, its much faster to make the 2nd millon. Warren buffet made his 1st million in his 50s, but once that first million was made, he became the richest man in the world with tens of Bs in the next 20 years.
Long ass post to say, before anything else, you gotta make sure you have the right mindstate. Im gon game you up on for sure gains, but patience has to be the key. You gotta make sure you got that before you get started.
Thats lesson one. Let me know when you read this and cool with the fact that this is a 10+ year plan, and we can go on to step two.
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Alright. I have the Robinhood app and I also have E*TRADE.
I was told to dumb Robinhood. Who should I go with? If you want we can take this to the PM
We could do it here because its free game for everybody and Gabi was interested too, so she can just read these posts.
Before we talk brokerage, let me lay out what im gonna have you do, and my reasoning behind it.
When it comes to investments, there are risk that go into it. And mfers always say diversify your portfolio to limit risk. What that means is that never put all your money into one stock. Cause if that company fails, all your money gets lost.
We not gonna do that here. What we gonna do, is we gonna invest into a mutual fund. A mutual fund is a fund that hold stocks in multiple companies and is professionally managed. So your basically investing in the fund, and then the fund takes your money and all the money from all the other investors, and buys stocks with it. So your profit/loss becomes a combined total of the profits and losses of all the stocks within the fund. This way, you risk way less. Cause in your fund, apple can take a 2% loss on a the day, but amazon can have a 3% gain, and your overall becomes a 1% gain.
There are a million funds out there investing in a million industries. But the fund we are gonna go with is a fund that tracks the s+p 500. The s+p500 is an index of the top 500 companies in the world. So your profits are based on a combination of how all 500 of the top companies in the world perform.
For you to lose money, the whole stock market has to crash. Which can happen, and will happen. If you look at the s and p 500, it has an annual average of close to 10% growth over 100 years. That includes years its lost. What that means is that you can have a year or two when your investment is in the negative, but you will always be making a profit in any 10 year period.
The only way to really lose money in the long term with an s and p tracking fund, is if America totally collapses. Which if that happens, we fucked anyway.
To get you started, the idea is to have you invest in a s+p 500 tracking fund, and then you have to invest money into it monthly. So every month you throwing more money into it.
And this is not only something to do to get you started, but this will be something you do when you become a seasoned investor too. At this point i got investments all over the place, even outside stocks, but I always keep around 70% of my money in an s+p tracking fund. Cause this is the for sure investment. Even if I lose my other shits, the s and p will make a millionaire.
And btw, the s+p is up almost 12% for the year. So we been eating.
In short, the plan for you is that we gonna find you an s+p 500 tracking mutual fund, and you gonna budget a number, $200-$300 or whatever you can a month, and throw it in there.
Let me know if the plan makes sense.
I go through firstrade. They have no fees, and also have access to the mutual funds i like.
The UI is bare as fuck, they dont have good charts or graphs. But i dont need any of that. The shit works for me.
Other people might have different opinions. The brokerage honestly dont matter. Only two things that matter is that your brokerage dont have any fees, and also dont charge when you buy/sell mutual funds.
If you have etrade stick with it. Im pretty sure theyre free.
Just make sure you can buy SWPPX from them. Thats the fund I hold that tracks the s and p. I think other people here hold it too. S+p tracking funds are a dime a dozen, but SWPPX is my favorite.
So your options are to see if etrade lets you buy swppx. If it does, your good. If it doesnt, either open an account with firstrade or find a s+p500 tracking mutual fund that etrade offers.
@Dwayne
Thats the game fam. This is how you get started. The stock to buy is SWPPX (its a mutual fund)
Look for it on etrade, if you can buy it, put a few hundred in it. Let that sit, and next month, put a few hundred more. And then continue that. In 10 years, itll get you to the point you making like 40-50k profit a year on what you built up. In 20 years, you at a mil and making over 100k a year.
Along the way, you start investing in one off stocks. Since most your money gonna be in a mutual fund, you can start slowly buying some apple, microsoft etc and built out a nice little portfolio without worrying about risk. And that way you speed up the process even more.
But thats really it. Understand it requires patience, understand you gonna have to wait 6-7 years before seeing big results, understand that you cant lose trust in the plan after some losses, and you good.
Thats the game fam. This is how you get started. The stock to buy is SWPPX (its a mutual fund)
Look for it on etrade, if you can buy it, put a few hundred in it. Let that sit, and next month, put a few hundred more. And then continue that. In 10 years, itll get you to the point you making like 40-50k profit a year on what you built up. In 20 years, you at a mil and making over 100k a year.
Along the way, you start investing in one off stocks. Since most your money gonna be in a mutual fund, you can start slowly buying some apple, microsoft etc and built out a nice little portfolio without worrying about risk. And that way you speed up the process even more.
But thats really it. Understand it requires patience, understand you gonna have to wait 6-7 years before seeing big results, understand that you cant lose trust in the plan after some losses, and you good.
Good shit @AZTG
this is similar to what yall were saying when this joint first started. Still applies.
As usual I appreciate the info yall be spreading in here. Respect.
I been slackin on putting bread into SWWPX cuz I been playing with other stocks but I gotta circle back lol
Preciate it fam.
And again, this is just my investing style. Not to show off, especially cause there are people here that got way more bread than me, but I have a decent amount of money in my investments. So for me, I feel like I have to put the majority of that money in some low risk shit like s+p500 tracking funds. Cause I cant risk and lose my shit.
I have money in individual stocks too. My biggest holding being tesla. Also got money in crypto. So i def be into quick hitters as well, but most of my shit is always on some for sure index shit.
Mfers could have a whole different investing style than me and still be right though. Its a million a ways to make money. Chose one.
Elon sold 10% of Tesla’s Bitcoin holdings and made $101,000,000...
fortune.com
We just learned a lot about Tesla's Bitcoin bet
Tesla's big profit recorded in Q1 reveals the approximate size of the overall windfall.
