Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Check out my Portfolio (It's ok to burst out laughing)

Discussion in 'Ask any question!' started by DAMIAN B, May 10, 2019.

  1. DAMIAN B

    DAMIAN B New Member

    Joined:
    May 10, 2019
    Messages:
    3
    Likes Received:
    5
    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.
     

    Attached Files:

  2. Jrich

    Jrich Well-Known Member

    Joined:
    Jan 8, 2017
    Messages:
    812
    Likes Received:
    510
    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
     
    OldFart, T0rm3nted, DAMIAN B and 2 others like this.
  3. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    647
    Likes Received:
    559
    :rolleyes: 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.
     
  4. DAMIAN B

    DAMIAN B New Member

    Joined:
    May 10, 2019
    Messages:
    3
    Likes Received:
    5
    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?
     
    OldFart and Jrich like this.
  5. Jrich

    Jrich Well-Known Member

    Joined:
    Jan 8, 2017
    Messages:
    812
    Likes Received:
    510
    I guess because such things only look obvious in the rearview
     
    OldFart and T0rm3nted like this.
  6. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,364
    Likes Received:
    1,640
    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).
     
    OldFart likes this.
  7. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    yep, if I could go back in time, I would have bought 1000 shares of netflix at $15....lol
     
    Jrich likes this.
  8. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,364
    Likes Received:
    1,640
    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.
     
    OldFart likes this.
  9. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    I had the money, just didn't pull the trigger...:mad:
     

Share This Page