Investing in stocks

Started by Jesus M.
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Manuel M.

A good idea is to invest in stocks of products you feel highly about such as Apple, Amazon, Google, and new up and coming companies.

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Michael S.

The market is "can't lose" for the most part right now, which signals potential danger in the future. I'd still advise investing in stocks with good background fundamentals in case things turn ugly in the future.

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Ming C.

Meaning people are just jumping in thinking they can't lose, or in other words, a sure win?

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Michael S.

Yes, there is a "can't lose" mindset right now, and it isn't unfounded, but caution is needed. With the federal reserve keeping interest rates low and the government supporting (albeit in a dysfunctional way, per usual) us during this pandemic, the stock market is primed to be in this "can't lose" status for a while. That being said, like the roaring twenties, the euphoria can't last forever. This is why investing is a good idea, but investing wisely and monitoring one's investments is paramount. Once the Biden Rescue and Recovery plans are done (if they are passed, that is), and we achieve herd immunity through the vaccine (assuming that occurs, and we put this pandemic "to bed"), it will be interesting to see if the stock market can keep humming along, as it will likely have been "overheated" by all of this banking and government support. Time will tell!

Deleted user

exercise caution and don't put all of your eggs in one basket

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Paras W.

Don't buy into the hype and participate in cyberbulling happening right now.

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Michael S.

Careful out there. Lot of pressure to get in on the GME / AMC / BBY stock uprising. If you are going to participate in speculation, you have to know when to sell or you can get burned, and because timing the market is nearly impossible, it's not a great long-term / serious strategy. Also, investing applications are using their "terms of service" to limit activity with such stocks / strategies. My advice? Stay out of the weeds and pick safe things to go "slow and steady" (tortoise and the hare). Stay safe out there!

Deleted user

When investing in stocks, the goal, of course, is to buy low and sell high. It quickly gets more complicated than that, though. I recommend investing in companies that you interact with often and personally believe in. We should do our homework and research stocks before buying them, but safe investments are a good place to put money and hopefully watch it grow over time!

That's not bad advice but I have one thing more to consider.

So this week I gave Stash a try. Keep in mind your money isn't Federally insured. I would suggest only using free money you may get from store rebates, sign up offers, and similar ways you come along a few bucks you can afford to lose. In fact Stash itself gives you a $5 welcome bonus the first day! And I got 6,000 points in MyPoints for signing up through their link. Plus Stash gives you nice bonuses for referrals.

I chose 5 stocks that pay high dividends like Pfizer at 4% So how did I do? In less than a day I made 17 cents on a $25 investment just in market valuation.

Getting rich slow isn't sexy but it works long term.

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Kitraina G.

I took my eighteen year old daughter to start a American funds account today

Deleted user

The market is "can't lose" for the most part right now, which signals potential danger in the future. I'd still advise investing in stocks with good background fundamentals in case things turn ugly in the future.

How true!

Also I noticed the cryptocurrencies took a dip yesterday. Given the state of the world it may be a good chance to pick up a little. Not a lot but a little just in case. Normally I'd say buy gold or silver but when the Silver Eagles I paid $7 for are now selling at over $42 I'd say the downside risk is worse is greater.

Plus now PayPal will sell you Bitcoin fractions for as little as $1 and a modest fee. But it is NOT wise to treat it as a get rich quick gamble. Stick with high quality stocks & bonds that pay good interest & dividends.

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Brent D.

I'm somewhat interested in investing in something but don't know where to start… Any suggestions please anyone?

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Anita M.

One of the best things about SaverLife is the education I receive on money management. I think I was introduced to Stash through SaverLife. I have found Stash to be very helpful for me as a beginner. I have been able to start small and gradually build as my knowledge grows. I have taken the knowledge that Stash offers, the awesome teachers in the forum, and the information that I gain from SaverLife articles and have been able to build my portfolio. I have been able to invest in stocks that I would normally not be able to afford because I can buy pieces. I am so excited to be privy to the knowledge of the seasoned investors in this forum.

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Michael S.

That is an A+ post. Thank you for sharing! I too use Stash. I find it to be a neat way to invest in companies I cannot afford full shares of via my E Trade account.

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Anna W.

Thanks for the information. I like the fact that investing in stocks can be another source of income in retirement.

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Michael S.

If anyone is interested, the price of gold has been trending down. Blockchain companies RIOT and FLOW (Spx Flow, the company behind Dapper Labs, which is using blockchain for NBA's new "Topshot" trading) are up, but may be worth investing in if you want to speculate and the prices come down. A friend also told me that BIONANO is also worth a look. Happy investing!

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Michael S.

That post does not make any sense, but I will say this: Inflation is coming, people. Be on the lookout!

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