The market was down today. So I put all my savings (even my few thousand bucks I have for emergencies) into Door Dash, Airbnb, Twilio and Stitch Fix stocks. #stocks #investing #doordash #airbnb #stitchfix #twilio Wish me luck! Edit: Just wanted to mention - My investment Total Was 228k $
earnings report
I would recommend easing into the market, especially when it is as volatile and uncertain as now. Search & learn what DCA (Dollar Cost Average) is. Then do it. It provides you stability short term. It also allows you to learn financial concepts on the way— case in point “what is ER?”... would be nice to know this before jumping in the deep end... would be nice to learn when you’re 10% invested, then apply for the other 90%. Good to know what P/E ratio is. Don’t want to scare you, but “I’m holding for 10 years” is a good mentality (patience and conviction is critical), but having a long time horizon on a particular equity doesn’t guarantee it will appreciate for you— this is true for ETFs/index funds too for that matter, but their diversity makes it more probable. For reference, since the dot-com bubble in 2000, Cisco stock still hasn’t reached its all time high stock price since then. Cisco. They supply the majority of routers and internet equipment. Both they and the internet have drastically grown since then, yet their valuation hasn’t reached. It’s also a very well run business, just turns out there was a lot of hype then. Again, not trying to scare you. But don’t get sucked into the hype of “everyone is making money, must be a guaranteed.”
Thanks! Any other examples like Cisco?
Thanks for writing this great comment. Didn't know that cisco has still not reached its 2000 buble peak. What are other such examples?
That seems like a pretty bad idea. You should always have an emergency fund. Instead of throwing all your savings at equity on a down day, it would be better to be maxing out your 401K, so you can benefit from compounding, decrease your taxable income, and pay yourself first. Throwing dollars in equity should only be done in reason if you are maxing out all your more tax efficient sources.
Not a good move bigmom.
Dash is 65 bl . What on earth gives them that valuation?
Invest in travel, cruise and airlines.. will get decent returns in the next year or two
Doordash? WTF were you thinking. DASH is not a recovery stock.
Dash and Abnb, the current valuations dont make any sense, you should have waited till the valuation is cut in half at least.
LOL. DoorDash is insanely overpriced btw. That's why it tanked. You should probably learn what a valuation is.
ABNB and DASH lol. They have ER on Thursday and will crash.
What’s ER?
Earning report