Help in restructuring my Robinhood portfolio
My Robinhood portfolio is currently not that great. I have lost enough money from purchasing the stocks recklessly at their highest prices w/o thinking about anything much that my portfolio's current returns are only 16%. Pls suggest me which stocks yield better returns in both long and short term? Ready to invest in crypto too, if the returns are highest there. TC: π₯ #stocks #crypto #robinhood #money #investments #personalfinance
Stop gambling
16% returns are a shame. Minimum acceptable returns are 100% for a week. Also same as minimum TC acceptable is 550K. In a more serious note: You are going to follow internet advice and it is going to be worst because people don't care if you lose all your money. Wait for people to recommend to put all your money in the most FOMO stocks, GME and dogecoin, simply because they want to pump and dump these.
Move to a real brokerage and get a FA, internet advice based on no information about your current situation and aspirations by lay people is not going to be better.
Seems like you are the type of person who takes advice from internet, keeps touching the stocks and impatient. No problem in that there is a way to deal with it. Open a new account in a real broker, preferably the one whose UI you find hard to use. Then put most of your money there in some index or something. Keep pocket change in robinhood and make it your play account. DONβT TOUCH YOUR MAIN ACCOUNT.
First of all, take your money out of Robinhood and change to a real brokerage. E*Trade or Fidelity are much better. Forget the short term and buy & hold VTSAX until retirement.
Don't take financial advice from blind