I see a lot of “which stock should I invest in posts” and this is NOT that. I want to know if any of the guys who have made a silent killing from investing if they had any tips for the young/inexperienced guys like me? I get vanguard and r/wallstreetbets are great places to start, but I’d rather hear the tips they don’t share w everyone... Or is it really just a gamble? Thanks
While you are young. If you really believe in a company. Put all of your money into that stock. Or go work for them, negotiate hard to get more stock grants and don’t sell
But what if that company is over saturated like Google for example. I “didn’t get in early” so isnt it useless to pursue top market stocks?
Terrible advice 😂
Do the opposite of what r/wallstreetbets tells you 🥴 I’m about to dig into “A Random Walk Down Wall Street”
Did you do well in the stock market?
Yea, straight up lucky w Square. Sold some. Waiting for a phatter check to buy more along w low cost index funds and ETFs and not do anything with them
Start with maxing your tax advantaged accounts like 401k, IRA. That guarantees you a 25-30% return. Have a low salary? Start with the /r/personalfinance Prime Directive (in the sidebar). High salary? Read the Prime Directive and fully understand it then read the White Coat Investor to understand some options when you have extra money to save. /r/financialindependence is another good resource even if you don't want to retire early
Gracias.
Good advice in general. But if op wants to be able to afford a $2 mil house by 30. These probably won’t help Assuming op is not super well connected or has any crazy inheritance
Well, nobody got rich by following an investment advice from the Internet. You can use some common strategies by diversifying, using index funds, dollar cost averaging and allocating assets to match your risk tolerance and timeline. You will avoid losing big and your money will appreciate over time. But noone can advise you how to get rich (if they know the secret, they wont share).
Okay, that's not true at all
False. The few who made millions off bitcoin early were taking advice from strangers off the internet
Yes it doesn’t last. You can only call the market correctly so many time. And you only make a killing by betting big. Invest in index funds or buy and hold good stocks. Maybe rebalance twice or thrice a year. Hold atleast 30% hard cash or treasury bond.
VTSAX, max out series I treasury, and CD ladders. Max 401k.
I treasury? CD ladders?
I series treasury bonds. I used to hold them, but not anymore. Interest rate varies too randomly. CD ladders are investing in bank CDs with different maturity dates so that you can always withdraw some money without penalty.
Look at r/financialindependence, take control of your finances and you could potentially retire early if you wanted
Zero in on what you know that is not widely understood or appreciated (note: I do not mean inside info!). Wall street’s knowledge of the tech industry is way less than that of practitioners. If your view on earnings and growth prospects of a company 1,2,5 years our are lower than what’s in the price, buy it and sit on it. What’s “in the price” can be estimated a lot of ways, but for the easiest shortcut is just to compare your expectations to consensus analyst expectations. Be disciplined, and take profits if the markets views are above yours. Don’t just invest in companies you “like”, invest in companies that you expect everyone else to “like” in a year. Maximize the value of what you already know. Or just but 60/40 stocks/bonds and chill with a ~6% return.
Can you give some real examples as starter to explore more into this approach ?
VTSAX. I buy and hold and don’t think about it. I’m up like 40k
How much you throw in tho? And over how many years?
Since like 2012. I’ve got like 45k in VTSAX in my taxable brokerage and 35k in VTSAX in my Roth IRA. I also have some VTIAX (15k and 12k), which is the international version. This is the return you get if you just buy the whole market and don’t sell. Also it takes 0 effort. A lot less risky than buying individual stocks too.
It’s a gamble. Find a good savings account while you do your homework and learn
great