11–20 of 20 posts
Depending on your time horizon, I recommend 3 pots: 1) Need in the next 1-2 years - Money market account 2) 3-7 years - value funds (either ETF or Mutual funds) 3) 7+ - growth funds (either ETF or Mutual funds) Individual stocks take effort to watch. Make sure you do not buy just before a dividend (you will pay tax on the money they give back to you). Watch for bad news, so you can pull your money before they go bank…
The most important rule is: buy low, sell high . If you don't do that you just spending money. In order to accomplish that rule you have to generally do the opposite of what is popular, but in a meaningful way. When the market began crashing I sold shares from my healthy mutual funds and bought a lot of stocks in airlines and cruises. People aren't going to stop flying. Eventually those markets will recover and I rec…
Are you concerned that the airlines might end up declaring bankruptcy? Or do you think the government will bail them out? As of right now, it's my understanding that they're operating at unsustainable losses, absent some kind of intervention.
Reddit r/stocks and r/wallstreetbets can be pretty informative.
Reddit r/stocks and r/wallstreetbets can be pretty informative.
r/wallstreetbets is a joke really. Funny but no good advise there.
Earlier quoted context omitted.
r/wallstreetbets is a joke really. Funny but no good advise there.
r/options more beginner friendly for gentle advice. wallstreetbets will haze beginners a little more, and speak in meme, so you need thick skin, and some lurking before you get a feel. But there is a lot more information on wallstreetbets by sheer volume of comments. It’s Ranked 8th on reddit based on number of comments: https://subredditstats.com/r/wallstreetbets It’s become my second home away from hacker news for…
Depends on your situation. This is essential first reading imo: https://en.wikipedia.org/wiki/The_Intelligent_Investor If you still had questions and more money than the average bear, find a financial professional.
Thanks! I've officially added it to my reading list, along with Rich Dad Poor Dad and The Richest Man in Babylon. I wish I had done more to become financially literate earlier on--I don't think anyone ever talked to me in school about financial literacy and now I'm in catch up mode.
- searching recommendations on HN, e.g. with a Google search like "site:news.ycombinator.com investing book recommendations"
- searching recommendations on the various subreddits like https://www.reddit.com/r/investing/ and https://www.reddit.com/r/personalfinance/ (search for book recommendation threads, or read their wikis)
- on the BogleHeads website : https://www.bogleheads.org/wiki/Getting_started
Good luck :)
Depending on your time horizon, I recommend 3 pots: 1) Need in the next 1-2 years - Money market account 2) 3-7 years - value funds (either ETF or Mutual funds) 3) 7+ - growth funds (either ETF or Mutual funds) Individual stocks take effort to watch. Make sure you do not buy just before a dividend (you will pay tax on the money they give back to you). Watch for bad news, so you can pull your money before they go bank…
Money markets aren't looking so hot lately...
Money markets typically pay just better than inflation. Not so much a place to get rich, as a safe place for the money over the next year or two.