Investing tips for beginners?

healthyteacher4 · 2018-08-08T05:22:57+00:00

I was once intimidated by sex, stocks and gambling. So I did what people like us do- I read books about the subjects. I knew all about a vagina and how to lick it and stick my boot inside it. I knew all about how to make a million dollars at craps and at stocks... except for, I didn't know shit. So when I wanted to learn about how to really fuck a girl, I stuck my dick into one. When I wanted to learn about craps, I went to a casino, bought in for a few hundred dollars and watched how I lost money. When I wanted to learn about stocks, I started buying some companies I was familiar with and watched how I either lost money or gained money through the recession.

Here's a lesson you can carry with you through life. You cannot gain true knowledge without scars. The only way you learn anything is to lose some skin. To be embarassed. To act like a poser and a nerd. And you do that so much until one day you just magically know how this shit works. I really don't know any other way.

But the memory ingrained in my mind is the day a craps dealer responded to my question about how to play craps by saying: "Start betting money and watch why you win and why you lose. You'll learn it one roll at a time."

It's the only way.

Now, that being said... I wish someone had given me some basic advice about stocks.

I'm going to recommend some stocks you should go buy 20 shares of. Open an Etrade account and grab shares of D (Dominion Energy), or if that looks too expensive, buy LB (L Brands) or Kraft (KHC). Sit on any of those for five years, have the dividends reinvested and you'll be fine. Don't buy anything trendy (Facebook, Tesla). Don't buy based on recommendations from anyone (Especially family). Do your own research and only buy companies you know. Or buy utilites (some examples, D, CWT and WTR) when they are near their 52 week lows.

The smarter way to do it is to start putting money into betterment. Open an account, put $500 into it, and let them do the work while you pay them a measly 0.25%. It's nothing. You'll make more in dividends than what you pay them in that bare-bones comission.

Best of luck. You'll do fine. Just don't be afraid to fuck up. Welcome the mistakes into your life.

Cametotherightplace · 2018-08-08T08:18:44+00:00

Invest in what? Land, buildings, stocks, etfs, mutual, bonds, commodities? What's your goal, initial capital, continuing funds? Also some advice; stay away from penny stocks, don't get emotional with your money, and do your own due diligence. Don't trust someone's hype.

nabosch · 2018-08-08T13:30:39+00:00

Pay any loans off first and then start a ROTH IRA, start contributing regularly and try to aim for $5,500 invested annually.

Read, read, and read some more about stocks if that's your thing. Then when you have disposable income you can afford to LOSE, play the game.

Don't invest with emotion is the number 1 rule of stocks.

JordanRedfort · 2018-08-08T00:15:39+00:00

I was going to write up a long post about risk tolerance, financial statement analysis and time frame, but fuck it.

For a beginner, now is possibly the worst time to invest.

Usually I’d give the age-old advice of “diversify; don’t put all your eggs in one basket” but I’m predicting a major pullback in all equity markets across the world in the next eighteen months.

My advice is don’t invest until you’re very confident with your decision and you can back it up with concrete evidence. I’ve got a reading list of the best books on investing which I’ll post once I dig it up.

MindFuktd · 2018-08-08T01:14:51+00:00

r/wallstreetbets

LowSpecTea · 2018-08-08T02:03:26+00:00

read investing books Sherlock

Title	Investing tips for beginners?
Author	rckstar123
Upvotes	2
Comments	10
Date	August 7, 2018 11:51 PM UTC (7 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/95gyi3/investing_tips_for_beginners/
Archive Link	https://theredarchive.com/r/askTRP/investing-tips-for-beginners.129663 https://theredarchive.com/post/129663

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