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Considering investing in stocks

Discussion in 'Off Topic' started by Wolf Prince, Oct 9, 2019.

  1. Wolf Prince

    Wolf Prince My future job title.

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    Right now looking at pros and cons. Could use advise.
     
  2. Shamar

    Shamar Well-Known Member V.I.P Member

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    True story. Some years ago they did an experiment where experienced stock and financial analysts picked stocks, compared to a chimpanzee picking stocks. The chimp did better. Need I say more?
     
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  3. Misery

    Misery Photo-Negative V.I.P Member

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    So, dont throw darts with a blindfold on- er, I mean, dont buy stocks.

    Got it.
     
  4. GadAbout

    GadAbout Well-Known Member

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    How much money do you have to invest? Often you will need several thousand just to get started.

    The stock market always goes up, in the long run; the problem is people try to play it in the short run, or they don't have sufficient liquid assets to cover an emergency, and may have to sell when the market's down.

    If you put some money into a well managed stock index mutual fund, preferably with no fees, and then LEAVE IT THERE A LONG TIME, you should do well. Try Fidelity.com for an investment firm.
     
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  5. puzzlingbill

    puzzlingbill Definitely Someone

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    I'll second that - I was about to post something similar. If you have the impression you can trade from your PC and get rich ... you can't. You can't beat the guys on Wall Street on a regular basis. Much better for a beginner is to put your money in a fund that is managed by one of those guys on Wall Street.

    And, as was mentioned, you need to treat the money like it's been put away for awhile. I had some IBM stock that cost $1200 in 1970. I sold it in the mid-90's for $35,000. The key is being patient.
     
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  6. SolarPoweredNightOwl

    SolarPoweredNightOwl Walking contradiction

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    Do your research. I recommend dividend stocks (stocks that pay shareholders a portion of the company's profit every so often), so you can get passive income. Don't think you'll get rich quick, think of long term investing. Stocks are massively overpriced right now, we're long overdue for a market correction (read: crash). Do like Warren Buffett, make sure you have plenty of cash on hand, and snap up quality stocks for cheap during the market downturn.
     
  7. Judge

    Judge Well-Known Member V.I.P Member

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    Timing is everything. Wait until the next recession to buy quality stocks at undervalued prices. The market has been overbought for some time. No point in getting into the market only to pay more than a stock is worth.

    And if you aren't sufficiently capitalized, don't bother. It really does take money to make money. You don't want to be in the market for peanuts where risk always outpaces rewards.

    I'm glad to have gotten out when I did. Spent some nine years in the market, from 2009 to 2018.

    A shorter answer? - Don't. Trading equities isn't for just anyone. I used to underwrite business finances and solvency for insurance purposes, so analyzing various market metrics and key business ratios weren't all that difficult to me.

    Though just knowing the basics in this regard is only part of the equation, especially with consideration to a global economy with so much turmoil happening on every continent. Where doing proper research can potentially become a full-time job. If anything, bide your time and wait for the economy to take a dump.
     
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  8. unperson

    unperson Well-Known Member

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    I could use some investing advice too, used to just put it in a term deposit, but with interest rates so low, looking for something else.
     
  9. NothingToSeeHere

    NothingToSeeHere Asexuowl V.I.P Member

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    I recommend an Index Fund, low fee, low risk, low effort, and as others have said the stock market always goes up in the long term. However only do it if you are in the long term i.e. at least 10 years, preferably much longer. Short term investment in stocks is stupid as your money is just as likely to reduce as increase. Invest while the market is low (if you have the chance, you may in the near future! Recessions are great for first time investors!) or spread your investments out over a period of time (such as investing a few £100 a week for a few months) to reduce the impact of market changes.

    If you are in the US (??) I have heard good things about Betterment.
     
  10. Bolletje

    Bolletje Potato chip wizard V.I.P Member

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    I read that you were considering investing in socks. I’m not opposed to the idea.
     
  11. Judge

    Judge Well-Known Member V.I.P Member

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    Point taken. Nothing like an investment that leaves you all warm and fuzzy. :p
     
    Last edited: Oct 10, 2019
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  12. Bolletje

    Bolletje Potato chip wizard V.I.P Member

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    Plus pretty much everyone wears socks!
     
  13. Kirsty

    Kirsty ND

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    They are speaking about stocks; not socks. :D
     
  14. SolarPoweredNightOwl

    SolarPoweredNightOwl Walking contradiction

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    If you find a good clothing manufacturer, you could always buy stocks in socks.
     
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  15. Graphin

    Graphin Flying mushroom V.I.P Member

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    I didn't trade stocks for 30 years, but:
    Several global (important) businesses may have stocks more stable than national currencies.
    With inflation, your savings lose value, but with stocks you often ride on the wave of inflation and general economic growth.
    This is at least true in the larger picture on average.
     
  16. Progster

    Progster Gone sideways to the sun V.I.P Member

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    Stock values rise and fall in five year cycles, so it's often a good long term investment, but short short term investment.