Okay so today I signed up for a Trading Platform that seem to have all the Top Stocks and Crypto available., But every stock i look at has had a sharp rise in price over the past 3 or 6 months, so I am thinking I will just save my money and invest when there is a crash? What do you think, or maybe I need to get onto a different platform that has newer companies/stocks? Or maybe I need to look at shorter terms like day trades etc?
Everyone has opinions. Buy now, wait for a dip, wait for the bubble to pop.....so on. my opinion is that there are always good companies to invest in. U just have to look a little harder when the market is inflated. and i do believe that a dip could happen. I also believe you could let a lot of gains pass you by, if you are constantly waiting for one that may not happen. the flip side to waiting for the dip is the uncertainty of where the bottom will be, and missing the correction, thinking its going to fall further. Another pitfall that people fall into when trying to time the market. Analysis paralysis is hard to overcome.
Thanks of the reply, it is really appreciated, I agree with you just as I left the trend, I found a stock that has dipped in value of about 20% over the last couple of days but starting to gain again, company looks promising so maybe a start for me, i will look when the market opens tomorrow, Thanks again
That's probably not the problem. Every brokerage should trade listed stocks. I don't think Merrill, TD, Schwab....are missing new stocks that you can only find on Robinhood. You just need to find the user interface that you like using. A lot of people like daytrading. I don't do it. I am a long term investor looking for my holdings to be stable in 10 years. I also don't buy stocks in speculative ventures worth pennies. I don't recommend buying in bankruptcy. But if you think you can daytrade, just be aware of the risk. . But low, sell high. But how do you time the market? I like to hold my cash, and wait for a pullback. But timing that is difficult. What I have actually done is buy what I like, without worry about near term fluctuations. Don't just buy stocks that someone is pumping up online or in TV. If I decide that Con Ed is a good long term hold, it pays good dividends, and 20 years from now, people will need even more electricity to charge their electric cars; I just buy it. The daily volatility doesn't bother me. Up or down a few dollars every day is nothing. If I like Viagra, and I think it will be used off label for recreational purposes.....I buy Pfizer. Delisted from Dow Jones, but sells the best penis pill. Oh, and don't forget to learn how to read charts, balance sheets, and research the company.
Thanks A55, your reply was filled with wisdom that i will take on board, I will only invest a small percentage now and wait for a pull back and learn as I go while studying charts, balance sheets and company. Your reply was much appreciated
One macro thesis out there is that the commercial banks are currently tightening credit availability (for which there is strong evidence) to crash the stock market and thereby force the Fed (or give the Fed cover) to lower rates. This makes sense to me since the commercial banks are heavily long bonds. If rates go lower they can sell bonds for huge profits. Not only are they long bonds, but so is the Fed. Neither, is going lose. Keep an eye on the TLT. If rates go lower, that exchange traded fund (ETF) will go higher. You may want to consider blending your portfolio (stocks and bonds) by holding some TLT. But don't listen to me, I'm an idiot and don't give out financial advice.
This is such a house of cards. Something's got to give eventually. Big money will NEVER lose, so this makes sense. It will be interesting to see what scheme/event is the catalyst and whatever the cause, how it will be spun so it looks like either a freak Black Swan or the market doing it's thing... "nothing to see here."
When I started buying stocks this Monday, I didn't know anything. 3 days later, I still don't know anything. There's another member who mastered the stock market in 3 days. You might want to look up his thread. But thanks to YouTube.....
Sorry for asking this question but do people have multiple separate brokerage accounts for investing?
You can if you want. Everyone has a different idea of what they need. I have 1 checking & 1 savings account, at the same bank. Since I was a child. It still takes care of all of my banking. When I became eligible to join The City's Credit Union, they sold me on the idea of membership privileges. Easier lending, lower rates & fees. I have 1 brokerage account. I do all of my investing with it. It could also take care of my banking, since the brokerage account has a checkbook and debit card.
