Any newbie advice for buying shares?

Tucky

Tucky

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Following on from @CCarter talking about what a great time it is to buy shares in another thread, how might a total newbie find the right stuff to buy? Do you use an app? What stock should I be looking for? Should I even bother if I know jack $h1t about it?

I'm sure there are others who have been thinking of doing this, so what advice can you guys give for someone looking into it for the first time?

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My advice is if you're a total newbie, don't stock pick. Unless you've got the financial background to understand what you're buying into and the risk appetite to stand the fluctuations, it's better to go broad ETFs.

What CCarter is doing is called dollar cost averaging , which is a strategy to constantly buy up shares at regular intervals, regardless of market ups or downs. If the market is down, you lower the average per share cost of your holdings more than if the market was up, which is why its good time to buy shares (since you can get more shares per dollar)

Well he could be timing the market and ojnky buying on the low, but on average DCA still outperforms market timing
 
This seems like a rough time to try to 'learn the ropes'...

Just my 0.02, don't take financial advice from me, none of this is financial advice, etc.

There's a lot of psychology at play that absolutely crushes people, even at the best of times. Where was your interest in this when the markets were rallying ever since 2009? Now that it's a shitshow you want to throw your money into the ring? It's strange, it goes up for over a decade and the average person ignores it. Then, as soon as it crashes and we can see the exact reason it's crashing and that reason is not going to disappear overnight, people are like "hmm I'm awfully interested in trading securities now!"

The stock market has a way of tricking people into thinking they're clairvoyant which can get pretty ugly if you don't know what's happening or understand the countless fallacies that will be attacking your mind non-stop.

There's no rush. I would suggest going and reading something like The Intelligent Investor or Value Investing Today. Both are old books, recommended to me by a former VP of wealth management at a major CDN bank who has seen it all. It's just one strategy, but, seems relevant to our times - knowing how to pick solid companies based on their financial reports and balance sheets, when others are too fearful to do so.

But here's the kicker - sometimes that fear is based in reality, because in reality, the value of these companies is decreasing because they're going to be doing less business for the foreseeable future.

Yes, it can get overblown in the panic, and that's what we're looking for. What industries are being dragged down despite the fact that they won't see as big of a decline in business in the foreseeable future? If you had bought American Airlines shares at $35, how would you feel seeing them dip to .49 cents? At that 49 cents is when people are like, okay, hold on a second... they still own a bunch of planes... But do you have the temperament to be along for that ride? To buy MORE and MORE as the knife falls week after week, month after month? Do you have enough money to see your portfolio bleeding red, and to CONTINUE to buy? Otherwise, you're just trying to time the market and that's an errand for fools.

There's something to be said about a strategy that relies on identifying solid businesses whose share prices don't reflect the true underlying value, versus trying to chase hot stock tips from strangers on the internet when you have no idea what you're doing.

The markets will bounce back, but right now you have to ask yourself how much money you can afford to spend trying to catch a falling knife? What's going to change this week that's suddenly going to change the sentiment when more businesses are closing their doors, as more countries are closing their borders, as consumers are forced to stay home from work around the world and will have much less spending money? Yeah, people are going to travel again, people are going to eat at restaurants again and watch live sports again, but those industries are still going to have brutal quarters in the meantime.

Don't worry, you can spend a month learning how all of this works and you won't miss the rally. It's going to get a lot uglier before it gets better. The reason I'm approaching this with trepidation is that it sounds like you want someone to come along and just tell you which stocks will allow you to print money. That's a great way to get absolutely demolished. Sidenote: I don't know if this still holds true, but don't Jim Cramers picks historically underperform the market as a whole? You'd make more money doing nothing than following his advice, and the same goes for a lot of folks who are dishing out picks.

Here's another kicker: You can be 100% correct in your picks and your reasons for choosing them can be spot on and you can still hemorrhage money. On Friday if you'd have bet (bet, because this IS gambling) that the market would continue to decline, cos why the fuck wouldn't it - you'd have to be a complete dipshit to think the bleeding was over at that point, BUT.... you'd still have lost money cos an outside force decided to prop it up a little bit longer to get in one nice day (so that the REAL players in this game had a chance to unload at a slightly better price.) As an individual retail investor, you're a pawn, a sheep that gets led to the slaughter. You know less than the real players, you have slower access to make trades, and you're feeding them. Do you really think nobody gets a heads-up phonecall before the outside force decides to interfere and prop up the markets for a day?

There are people who sold on Thursday as it crashed at a loss, bought on Friday at a higher price cos they saw it rally, sold on Monday as it crashed...

Anyone buying now had better have deep pockets and a sizeable war chest. Anyone you saw posting about buying yesterday morning just went in for one of the worst single-day declines in our lifetimes. How many of those can you stomach, OP? Would you be able to keep hitting the buy button day after day? Some people can - they can know what their strategy is and they can stick to it regardless - others will end up playing the exact opposite of the swings until they have $0 or debt.

Of course, you could always short the market too, but again... you never know when you'll get wiped out because someone decides to prop it up for a day. If you're averaging and you have the money to do it, you smile at a 10% drop because you know you can make the same purchase the next day at a 10% discount. But that's not easy.

Don't get me wrong...

Anyone with CASH moving forward has a chance to make some really nice returns, especially if they have the temperament to just keep buying no matter how NASTY it gets over the coming weeks and months. And it's GOING to get nasty. There's your stock pick. The blood isn't done flowing yet. Accumulating quality businesses at bargain prices is a time-tested strategy for making boatloads of money, but if you're thinking of buying in once now and just waiting - oh lawd, be careful OP.

These incredible opportunities, for people with cash, come along every decade or so. But trying to time the market is a fool's errand. It's crashing because very rich people have decided that they'd be better off holding cash than stocks right now. They want their cash in hand for when there's a real reason to start to be optimistic about the world's economy again.

So, if you don't have enough cash to spread it out, you're better of waiting because in my opinion, the firesale has barely even started. This is a blizzard right now, but winter hasn't even begun. It'll be a long, cold one. Once the snow starts to melt, it's not like the market is going to suddenly bounce back in a day. Look at the recovery from the 2008 financial crisis, it had been going on for 10 years, so don't let FOMO make you BROKE-O. You have plenty of time.

But what do I know, we could begin another 10 year bull market tomorrow.
 
My plan is to keep buying MORL and MRRL and several other ETFs as they keep dropping. MORL and MRRL were at $14 before the hysteria. Well I just put in a ton of orders for them at $2 and $1.5 this morning - over the weekend I went nuts.

Imagine in 2 months or even 6 months once this nonsense is over, if they rebound to $10, that's like 10x return :D

Guys it's going to get a lot worse in the next 2 weeks. But I'm literally pulling credit lines for this shit. What's the likelihood that MORL and MRRL get wiped - won't matter cause they pay monthly dividends. On top if everything is done DONE, the US dollar won't be worth anything anyways. At 0% interest rate, wtf are you guys thinking by NOT getting a loan?

As well my strategy is completely long-term. I'm not in it to hit it and quit. I'm not shorting shit, that's not my game plan. So I have zero problems being along for the ride for the next 1-2 years.

Imagine this - I get a loan for let's say $30K from my bank, and they charge me 10% interest rate over 60 months. I dump it all in a stock that increases 200% from $2 to $4, WTF... LOL You gotta be crazy to not take the chance.

But you should only bet with money you are willing to lose.

Good luck.
 
I can only speak for myself.

But I've been following the markets and buying/selling for roughly 20 years now and I can tell you there are a ton of ways to buy and sell. Tons of courses, tons of advice, tons of ways to lose money too.

Going into it would take a whole forum of its own.

This is why people like Warren Buffet say to buy what you understand. I am not recommending Warren and his strategy here, but most people think what he said means to just buy in companies you know and understand. For example, almost everyone can understand Coca-Cola and Heinz ketchup so they feel his advise to buy those products. In a way, his advice was that.

But on the other hand, it's also about strategy. Staying with what you understand strategy-wise.

Do you understand "media mass hysteria" and "blood on the streets"? If not and how that impacts the market, don't buy right now. If you do understand it, maybe buying financial instruments during times of panic and news ( like earnings ) fits you.

Do you understand financial statements? How to read them? How to interrupt them? If so you might do well with a strategy like value investing.

Are you good with patterns, technical jargon, averages, and recurring trends? If so, you might want to stick with and learn more about technical analysis trading and developing indicators.

There are a lot more, but I am going to keep it to those 3 for now.

Stay with what you know and understand. As you grow in your experience, you will learn more and shift as you go. However, don't jump into something you don't know and understand until you do.

Personally, I have indiv. strategies for different marketplaces, events, and time.

Right now, I've bought a ton of crude oil and bitcoin. I suggested crude oil in another thread. Why? Follow the trends in crude oil and you will see it hasn't been this cheap in a long time. Last 2 times it was this cheap was Feb 2009 and Feb 2016. A 7 year span... Before then it was 2004 and where it was naturally suppose to be ( going up ). A 5 year diff until 2009.

Now we are 4 years from 2016.. looks like a cycle. Could be a cycle. But prices arent going down to pre 2004 levels for the long term. When was the last time you saw prices for consumers in anything go down and stay down ( reverse )?

And this time OPEC wants to flood the market with cheap oil to crush US Shale producers.

Once OPEC wins ( or losses like they did last time in this US shale tactic ), price will go up.

It's a good time to buy and wait.

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Figure out what you understand first, then start there.

When I started out, I understood technicals and forex. So I started there.

Once I grew and did more, I understood events and timing, and stocks. Then etfs and crypto. Now I'm looking at whole industries and rotation of winners.

Now I'm coming into fundamentals on balance sheets which I find rather boring, but it helps you understand the whole picture with everything you might know.

So, what is it that you understand and know the best, right now?

.
 
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Thanks for all the honest replies, I'm going to dig into it all and see what I come up with. One of the big regrets in my life was I nearly bought £10,000 shares in Apple in the 90's when they were a fraction of what they are today! This was around the time when the first iMac came out. Would be minted now. Was in the process of buying my first house at the time though so needed the money for that.
 
I'm still not a buyer yet. I actually sold everything in january of 2017 (the s&p was at 2264) and have been waiting the inevitable bear market to buy back in, hopefully at a number below what I sold at. That gamble seems like it may pay off.

I have no idea what I'll buy or when I'll buy but I'm waiting until volatility normalizes before I get back in.

Two stocks I'm eyeballing now are DIS and MMM and I'm sure to buy a chunk of the S&P at some point.

My advice is to be a market contrarian. When everyone is buying and making money it's time to sell. When everyone is panicking and selling it's time to buy. It's not a short term strategy.
 
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CCarter said:
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Due October 16, 2042 and ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B Due October 16, 2042
Click to expand...
for future learning as a newbie, curious what this all means and what is happening. a bit confused.

from some reading and looking, here is what i can come up with:

looking at the stocks, it looks like MORL and MRRL are mortgage ETFs, which I guess are getting hit hard in general with the US mortgage rates tanking right now, which explains the meteoric drop

what seems special about these 2 ETFs is that they pay very high dividends, sometimes 20% up.

Now for where the math gets confusing for me. It seems like you bought in at mostly $1.50 and $2, probably some higher? Let's use $2 since it's easy to calculate. The price looks like 40-50 cents to me right now. 50 cents for easy math. A 75% drop.

Let's say you invested $1000 to keep the math easy. Now you have $250 from the stock shares specifically.

Now for this mandatory redemption and delisting. Delisting just means that it's getting off the exchange it's on right? Not that it is fully shutting down. So you'll still own your shares at the 75% drop, the $250 and then this mandatory redemption.

So who gets this mandatory redemption? Everybody who invested before the $5 point? Or everybody who invested before March 16th? Or everybody up until it gets delisted? And how much are they getting? Unless it's a multiple of the shares you hold, it looks like a loss though right? You have $250 in stock from the principal $1000, you'd need it to be more than $750 to get your money back.

Sorry if this is a dumb question. Still trying to learn the ropes

What exactly are you getting here? 20% of $250 as a bonus + the chance of it going back up in a few years when the mortgages revive again?
 
@pluto - It started off by me averaging downward but then I told one of my business partners who is a former day trader. He gave me access to some of his custom scripts that work in scenarios where you know the stock is going to continue dropping. To sell a percentage of the stock in the "panic rebound" - I doubt that's the right term.

So I put it to the test. I thought it was going to be easy, but... wow. NO.

The theory was simple: In the morning there will be always a huge sell off - period. So if I can get at a good low point and wait for a small rebound that day and sell a percentage, I'm good. I never sold over 50% in any order. If I did it would probably be a lot higher my end profits. But I held on more than 50% at all times cause I had it for my long-term gameplan.

I was putting limit orders to buy, then putting immediate sell orders at least 10-15% above my buying price for a percentage of the stock bought - my first order was Feb 24th when I was just averaging down. Aftwards I started putting in sell orders.

In the beginning I was fucking up completely and not getting in at the right points, and it would continue dropping. Getting -15% to only 1%+ returns. But I kept at it, tweaking the script, studying like a mad-man on the weekend where I fucked up. Then the returns started being positive all the way till I got a single $7K profit day. My biggest loss was Friday - took a $5K hit cause I wasn't paying attention - was that burn worth it? Yeah!

All in all my profits came to a little under $22K from this. I'm hunting for new ones, but...

It was pretty gruesome, cause I would go to a coffee shop and sit there putting all these orders in as part of my morning routine. Would I do it again? hell yeah. But is not easy riding a wave downward.

I only did those two stocks cause there is no way in hell I would be able to concentrate on more.

I'm glad it's all over to be honest - I didn't know if I would be able to take my hand off the controls. Like when you are in the "zone" and just watching the same charts over and over, you start seeing the perfect timing. If I tried this with multiple stocks at the same time I would have been wiped within the first week.

Compared to Forex - this was a lot easier cause people are panicking all day - it's in the air everywhere you go, everyone is talking about COVID-19. It's definitely not easy though. I remember trying Forex and one guy (turned girl), was "hitting PIP" (scalping??) every 15 mins in "News" releases in a training session - that stuff is still complicating to me TBH.

She/He was taking $50K profits every time. I was like WTF. I never could profit from Forex cause I couldn't read the charts correctly. I lost about $10K in Forex when I attempted it.

I over-thought things apparently. This was way easier IMO. The stock dropped every day!

I was literally GLUED to the stock ticker. The leftover stock from this delisting is just whatever gravy comes afterwards. I doubt it will be much, but we'll see March 25th.

The press release is completely legalese, but essentially it sounds like it is people that own the stock at a certain date - I can't figure out whether it's March 16 or the 5 days range or whatever. So I couldn't tell you that.

I'm sad it got wiped cause it was a monthly dividend stock and a part of my long-term gameplan, but that's the game. I was completely unaware there was a $5 price stipulation for USB to delist it.

I should have read the fine print.
 
OMG I want a Ccarter stock picking thread!

The internet needs this.
 
LOL I'm no Martin Mcgrunin #ROIShare

I've been watching MORL and MRRL for a while, so it serendipity IMO. I wouldn't try it on a stock I haven't been monitoring for a while. I was absorbing every piece of information I could on the two stocks from months. When COVID-19 hit - that's when the lightbulb went off. I'm looking at other ETFs at the moment but this started off more as a hobby scenario, still is.
 
Do it for the sake of growing builder society.

We'll figure out how to make you wall street bets famous.

No need to be a doofus about it, just screenshot some plays and lets watch where they go.
Maybe a few other people will pile in. I've made money off your hot air posting before. I'm sure a few others have to. You got the right following to play this game.

Plus ++ top shelf entertainment while we're all locked up.

There's actually enough volatility in the markets to do interesting stuff. The timing is perfect.
 
secretagentdad said:
OMG I want a Ccarter stock picking thread!

The internet needs this.
Click to expand...
voting for this too! i'd be most curious about your buy and hold long term strategies too in rocky times like this. Us mortals are likely not going to be able to time things as accurately as you when you're studying like a maniac.

personally doing a lot of research and studying on companies i feel like i have knowledge about that would survive a downturn, take a healthy drop, that I can ride for the next few years until the market turns around

@CCarter

in this type of scenario where you seemed to know that it's going to drop, why not just short the stock? seems like an easy way to capitalize on a dropping stock rather than trying to predict small bouncebacks. is it risk? if it doesn't go down and starts climbing it could wipe you out vs. in this case you can take a small drop and keep playing
 
shet! you guyz know a LOT! i'm going to learn all these stuff even if i never play in this arena.
 
pluto said:
why not just short the stock?
Click to expand...

Margin calls. You can only short stock with a margin account. I'm not willing to bet with the Casino's money, I only bet the money I'm willing to lose.

I was in long-term for MORL and MRRL - that didn't go well in the long-run. I'm still a newbie, so I go with safe stocks that give out monthly dividends and start playing around.

Research is key IMO. An example is if you don't know what an REIT even is - how do they make money, it's probably best to research that, what could go wrong with the underlying company, cause of a company stops receiving revenue - they'll be dead soon.

So what @eliquid said - do your homework and understand what you are trying to invest in. Otherwise you are just throwing shit against the wall against some Initials and Letters with no strategy.
 
A good place to start is, when do you want to trade?
  1. Crypto - 24 hours a day, 7 days a week
  2. Forex - 24 hours a day, 5 days a week for retail traders ( what you will be )
  3. Stocks ( NYSE and Nasd ) - essentially 9:30 to 4pm, 5 days a week EST. Depending on your time zone and exchange
Sometimes I like to sleep in late. Sometimes I like to trade at night. Sometimes something hits on the weekends.

Also back it up with what do you know right now?

All of this info will help you figure out what it is you would like to trade, when, and how ( your strategy ).

I know some people that all they do is trade for 30 minutes when the NYSE opens on gapped stocks. Its all they do. That strategy though is NOT going to work in Forex or Crypto and you got to be up and ready before the bell rings EST timezone.

Some people ( like me ) love volatility. Generally the best bet there is crypto.

Looking for liquidity, you can't beat Forex ( major pairs ) where you can possibly make a lot of gain with small PIP movements if you are leveraged. Which can be good or bad.

Also...

Are you someone looking for value like Warren Buffet? Then you probably won't be doing Forex or Crypto because there is no balance sheets to look at.

All these options will lead you to what will work best for you and should make it easy for someone looking to jump into trading.

Lots of stuff I didn't talk about, but for a new person those things I left out would be over your head atm.

.
 
CCarter said:
@pluto - It started off by me averaging downward but then I told one of my business partners who is a former day trader. He gave me access to some of his custom scripts that work in scenarios where you know the stock is going to continue dropping. To sell a percentage of the stock in the "panic rebound" - I doubt that's the right term.

So I put it to the test. I thought it was going to be easy, but... wow. NO.

The theory was simple: In the morning there will be always a huge sell off - period. So if I can get at a good low point and wait for a small rebound that day and sell a percentage, I'm good. I never sold over 50% in any order. If I did it would probably be a lot higher my end profits. But I held on more than 50% at all times cause I had it for my long-term gameplan.

I was putting limit orders to buy, then putting immediate sell orders at least 10-15% above my buying price for a percentage of the stock bought - my first order was Feb 24th when I was just averaging down. Aftwards I started putting in sell orders.

In the beginning I was fucking up completely and not getting in at the right points, and it would continue dropping. Getting -15% to only 1%+ returns. But I kept at it, tweaking the script, studying like a mad-man on the weekend where I fucked up. Then the returns started being positive all the way till I got a single $7K profit day. My biggest loss was Friday - took a $5K hit cause I wasn't paying attention - was that burn worth it? Yeah!

All in all my profits came to a little under $22K from this. I'm hunting for new ones, but...

It was pretty gruesome, cause I would go to a coffee shop and sit there putting all these orders in as part of my morning routine. Would I do it again? hell yeah. But is not easy riding a wave downward.

I only did those two stocks cause there is no way in hell I would be able to concentrate on more.

I'm glad it's all over to be honest - I didn't know if I would be able to take my hand off the controls. Like when you are in the "zone" and just watching the same charts over and over, you start seeing the perfect timing. If I tried this with multiple stocks at the same time I would have been wiped within the first week.

Compared to Forex - this was a lot easier cause people are panicking all day - it's in the air everywhere you go, everyone is talking about COVID-19. It's definitely not easy though. I remember trying Forex and one guy (turned girl), was "hitting PIP" (scalping??) every 15 mins in "News" releases in a training session - that stuff is still complicating to me TBH.

She/He was taking $50K profits every time. I was like WTF. I never could profit from Forex cause I couldn't read the charts correctly. I lost about $10K in Forex when I attempted it.

I over-thought things apparently. This was way easier IMO. The stock dropped every day!

I was literally GLUED to the stock ticker. The leftover stock from this delisting is just whatever gravy comes afterwards. I doubt it will be much, but we'll see March 25th.

The press release is completely legalese, but essentially it sounds like it is people that own the stock at a certain date - I can't figure out whether it's March 16 or the 5 days range or whatever. So I couldn't tell you that.

I'm sad it got wiped cause it was a monthly dividend stock and a part of my long-term gameplan, but that's the game. I was completely unaware there was a $5 price stipulation for USB to delist it.

I should have read the fine print.
Click to expand...

I scalped Forex for a bit. Did it for a year. Mainly traded EUR/USD but dabbled in others when the timing was right. Was profitable. Profited about the same amount as my day job salary at the time. At the time I thought I would end up doing that for a living, was even planning to move. I lived in CA and was planning to move to New York or Florida just to be closer to the exchanges to improve the latency when trading (and to get up at regular hours, instead of having to get up at 4am to trade the opening). However, by the end I was waaay too stressed out. Knew I didn't want to sit there glued to the screen, hyped up watching like a hawk for every little pip movement, for years to come.

After being consistently profitable I felt confident in my abilities and told myself that someday I'd get back into it, but not scalping. I'd trade the weekly charts and no leverage. So much longer term. Someday will do it again. Also am enamored with Futures, have loved them since I was teen. Traded them years ago but only broke even. So really want to trade those again at some point too.
 
Calamari said:
Two stocks I'm eyeballing now are DIS and MMM and I'm sure to buy a chunk of the S&P at some point.
Click to expand...

I'm going to buy a shit ton of DIS, but I don't think they are close to their bottom with their main cash drivers (parks and resorts) not bringing in any revenue. If this continues into the summer, I can't even imagine where their price will go, but with Disney+, I think it's a good long term buy at the right price.

I also bought a bunch of Bitcoin a couple days ago.

**Disclaimer - not an expert, but it's not hard to see it's going to be a great time to buy in 2-3 months (if you have the cash).
 
jstover77 said:
I'm going to buy a shit ton of DIS, but I don't think they are close to their bottom with their main cash drivers (parks and resorts) not bringing in any revenue. If this continues into the summer, I can't even imagine where their price will go, but with Disney+, I think it's a good long term buy at the right price.

I also bought a bunch of Bitcoin a couple days ago.

**Disclaimer - not an expert, but it's not hard to see it's going to be a great time to buy in 2-3 months (if you have the cash).
Click to expand...

I agree with you 100%.

With that said I've added Starbucks to my list of stocks to consider.
 
Also, something interesting to look into is stocks where they have expenses in a currency that have taken a beating, but they mainly export and get paid in EUR/USD. Once the issues with transport are solved, the currencies may stay weak longer than business, and costs are lower.

I.e. manufacturing, fish stocks (salmon stocks in Norway), etc. I'm sure you can think of many examples. I'm not sure what the real effects are, I guess it also depends on whether the companies hedge a lot of their currency payments.

Not telling anyone to buy them, but it's interesting to think about.

I'm more of an index fund kind of guy, but I like to follow the big trends. I'm looking into real estate now, as where I live we have some really interesting cases (a lot of apartments and houses are tied to short term rentals for tourists, and they can only float their mortgage payments for so long before a lot of them will have to hit the market).

The economy here isn't doing great, but the housing market has moved "too well" over the last few years vs. salaries and other expenses - due to tourist money.
 
I'm putting $100/day into a total NASDAQ index fund for the next 9 months.

@eliquid quoted Buffet in saying that you should invest in what you know and what I know is this: the US economy is taking a nose dive right now and it'll rebound in a few years. It doesn't matter the exact timeframe. I'm going long term with my $27,000.

This is not intellectual at all, which shows how limited my knowledge of stocks are, but a friend of mine who worked as a hedge fund analyst explained it to me like this: stocks are basically on sale right now. Pfizer still has the same value for society as it did back in 2010, except for, right now, it just looks bad because of the situation. This causes its stocks to be 20% off.

I'm not that knowledgable of finance; so, I'm betting on the economy as a whole instead of on particular stocks. My gains might not be sensational, quick, or sexy but this is apart of a retirement fund I'm building for myself.

20 years from now, the 2020 Corona virus will be one of my favorite life events :smile:
 
Philip J. Fry said:
I'm putting $100/day into a total NASDAQ index fund for the next 9 months.

@eliquid quoted Buffet in saying that you should invest in what you know and what I know is this: the US economy is taking a nose dive right now and it'll rebound in a few years. It doesn't matter the exact timeframe. I'm going long term with my $27,000.

This is not intellectual at all, which shows how limited my knowledge of stocks are, but a friend of mine who worked as a hedge fund analyst explained it to me like this: stocks are basically on sale right now. Pfizer still has the same value for society as it did back in 2010, except for, right now, it just looks bad because of the situation. This causes its stocks to be 20% off.

I'm not that knowledgable of finance; so, I'm betting on the economy as a whole instead of on particular stocks. My gains might not be sensational, quick, or sexy but this is apart of a retirement fund I'm building for myself.

20 years from now, the 2020 Corona virus will be one of my favorite life events :smile:
Click to expand...

That's a good plan. Like you said, it's not sexy, but it's a great long term strategy to build wealth. I hope you are able to see see it through to the finish line.

Personal update: Bought 50 shares of Zoom today. I'm hesitant to buy anything right now but the stock picking service I subscribe to has been telling me to buy Zoom for 6 months, and now they're telling me it's not too late, so I'm in for a small lot.
 
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I bought BTCs when it went down to $5300-ish on the 12th. It spiked down to $3900 the next day ( presumed it might ), but now it spiked as high as $7000 on some exchanges today.

I had a limit order to sell at $6949 at Binance. However it never hit the $7k at Binance ( looks like it did at Bitstamp though ). I would have had a really nice profit if my order went through.

Went ahead and cancelled my limit order to set a new target now that it got missed.

You'll never guess the very bottom or the very top. You just gotta ride out the bulk of the wave and check your orders in case they didn't fill or only partial filled.

I'm thinking we will get to $10k range again sometime in the future, so I might just hold out and double my investment.
 
Made my second purchase during our bear market. I plan to buy in every two weeks for the next twelve or so months or until I'm fully invested again.

Today I bought Untuit.
 
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