Investing • Page 66

an s&p 500 index fund (etf) is a great place to start

 

Don't buy individual stocks, stick with ETFs and Index Funds like the VOO.

 

Good stuff, thanks lads.

 

If you're on fidelity, I'd specifically recommend starting with their S&P mutual fund, FXAIX, over an ETF (even if its one that also tracks the S&P 500). The reason being is that you can set up automated purchases every month, which is the best way to really build your portfolio up

But also, think about why you're investing:

If you're investing for the long term (i.e. you're hopefully not needing to touch this money until retirement) make sure you max out your 401k before you put anything into your individual account

If you're investing for the medium term (like maybe you wanna use that money to buy a house in 5-10 years) or have already maxed out the 401k index fund is a great way to go. You can't guarantee it'll be up in 5 years, but history shows chances are you'll be in a better shape having invested than having not

If you're investing for the short term (so you might want to spend this money in a year or two) I'd look into just using some high interest savings accounts instead because the way the market is currently looking... there is a decent chance any money you invest in the market today will be down a year or even two from now. Long term, its fine, and you're better off buying now and not trying to time the market (cause there is also a decent chance the market will be up a year from now)

 

welcome to the smartest thread on the entire site

don't believe a word I say

 

i thought the metal thread was the smartest?

 

THEY DON'T KNOW ABOUT THAT HERE SHHH

 

Agreed. Anything vanguard.

 

Just sold my QQQ was a bad idea I guess. Got a bit now to re-invest, commodities etf?

 

Dumped into nxpi nvm.

 

Anyone have any thoughts on this?

My company is eyeing an IPO in the next 18-24 months. I have stock options as part of my deal with them that are locked into a price. I’ve yet to actually buy any since the price is locked. What is the best way for me to handle this to be able to cash out as soon as they go public without getting WRECKED by the tax man? Should I buy now and hold longer or does it not matter?

 

The new Madoff documentary on Netflix is really good

 

This is a great show. I've already watched it because I'm eager to start investing, but have much to do before this. First of all, I need to get rid of all loans I owe. The most annoying is chrysler capital. I've contacted chrysler capital customer service several times but they still haven't closed my account.

 

We got pretty good news on the GDP number today, like a nice normal number not indicative of large inflation but healthy growth, and....my stocks tanked at opening from being up 1.5% pre-openening to down 1.5% at 9:31.

Stocks are stupid.

 

Wild how Telsa is somehow both up like 60% in the last month and also... flat over the last two months. Guess that is what happens when your stock is detached from the fundamental value of the company and instead is mostly based on hype.

Definitely really easy to watch the casino go brrrr and look at the winners and regret you didn't pick anything up but then remember how hard it is to hold onto failing stocks. Consistency of the index is still definitely the way to go but I'm still like "man with a couple of smallish moves I could've erased most of last years losses..."

Stocks are stupid.

 

Crypto has been slowly creeping back up. I just need it to get back to my initial buy in amount so I can sell and be done with this mess. Shit's too volatile for me, I'd rather break even and reinvest in VOO (which has been climbing up lately too).

 

remember if you're playing with cypto you're in a casino. and trying to break even often leaves you losing everything. So if you want out, I'd definitely consider just cutting your losses and getting out now though its currently been on a bit of a roll so it might not hurt to see if you can put a stop loss in and just let it ride but know you're getting out with at least something incase things start going south again

 

Very true. Right now Etherium is getting very close to where I bought in (1.8k) so I'm going to give it another week or so. Bitcoin is soooooo far from where I bought in haha I'm thinking I'm better off just selling now and reinvesting in an S&P index fund.

 

I gave my brother 6k to manage in crypto a couple years ago, went up to 9 pretty quick and he should have sold, obviously went way down after but he gets caught in the “it’s gonna 100x” nonsense. Getting close to break even now and will sell a little over if it does - not messing with the stuff. Bad idea to begin with. Much more careful who I take advice from now

 

As someone that’s fairly new though CAT was a good move on my part and is paying off

 

I decided to do the math and see what my travel stocks would gain me if they ever reach their previous highs, and it would be a roughly 400% return.

It won't be life changing money since I didn't have enough to invest a shitton in the first place, but it's sitll a lot of money. Like pay for most of kid's college or downpayment on a house type of coin. Would really love for those cruise and airlines to get to their pre-covid highs haha

 

My Carnival and Jetblue stocks have been finally been moving upwards this past week. Still deep in the red though haha

 

I'm getting close to breaking even on Carnival now. Still in the red on Norwegian. American Airlines I think I'm green now! or was before today

 

man after months of selling off most of my microsoft stock cause I was way over invested and it hurt to watch it keep going down and that while I knew that it would probably pop back up eventually... I also knew that was no guarantee it's definitely bittersweet watching it push up back near 270 again. I still have some stock left, and also have a bunch more still unvested. but I definitely did a bit too much panic selling -- it's really hard knowing how to properly exit an overextended position

it's also interesting psychologically how "I sold at 220 and now its 270", while shitty feeling, still feels a lot better than "I didn't sell at 270 and now its 220"

stocks are stupid

 

Damn thanks for the hot tips