So as some might know i'm very knew to the stock market. I opened a Robinhood account a few days ago and bought some shares that i thought would be a good investment and others that i thought i might get lucky if the company sees some growth while some others i invested little in them because i think it's too risky. Please tell me what you think and be critical.
Only two criticisms One... investing/trading is a serious game that one should eeeease their way into.. dip a toe first, then maybe a foot.. idk anything about your financial situation, but judging by your portfolio size id guess youre at least knee deep already..... think of it this way, when youre new to something, no matter what it is, youre gonna suck at it for a while.... i think its a safe state of mind to go into the markets expecting to lose money at first.. better to lose a little than alot, and easier to recover Second, you didn't elaborate much on strategy.. what are your goals and why are you doing what you're doing... you dont owe anyone except yourself an answer to those questions, just make sure you have one End criticism Keep at it, never be discouraged, take everything negative as a lesson learned and take everything positive to the bank... and never stop learning
Bonafide first-rate answer right there from @Jrich You did well to engage this community @DAMIAN B . Hope you stick around and absorb as much as you can from the wide variety of voices on this site. You'll steadily gain more and more info that you'll no doubt turn into more specific questions to help you on the way to your investing and financial goals.
Thank you for the input! My strategy is to instead of having my money sit in my bank account gaining a ยข12 per month have it possible grow a a bit more. I have a 401K and are aware of other IRA and CD accounts but the odds of more growth are better with stocks as long as you have some sort of educated view on the market. I did some research and for a while so i wouldn't be completely clueless once i'd start investing. I also plan on learning more and more and even bought The Intelligent Investor. On a side note - every time i look at a performance chart for an already established company and see how their shares grow overtime i get fuzzy feelings. How come we don't see new companies that are obviously going to become monsters in the future right now?
Because if it was that easy, we'd all be Warren Buffett. It's hard to evaluate a new company as "the next Amazon" until it's so popular that you're like "hmmmm this is becoming the next Amazon". By then, big money has already figured it out and made a ton, so there's only little left to gain (in comparison).
I told my dad to buy Netflix while I was in college in '09. He regrets not buying it lol. I didn't have enough money to buy for myself, obviously.