Investing 20K in stocks
I have 20K lying around and would like to invest in the stock market right now. I want to invest 5K in long term stocks. I would then invest 15K to short the market; I intend to move the money or my returns into real estate. Currently considering buying airline stocks like Spirit airlines, and United because I think they are cheap and have a relatively larger room to grow once things normalize. For my long term investment, I am thinking of Disney stocks (not Google or Amazon because I just wanna invest 5K). Any tips on other relatively cheap stocks that I should look at to short? How about the long term stocks? For my long-term investment, I prefer buying those that are within the $70-$130 range than those over $200. TC: 165K Yoe: 3.7
EXPE, QCOM, CCL, FB, SWKS, UBER, TSLA
Not if the economy continues to tank. Those are luxury brands that will crash and burn.
Expe was dead long before covid.
There are people who’s whole job is to understand and predict financial trends, and they’re your competition. If you’re gonna get into the stock market on the side, stick with mutual funds.
VYM
Lol at you looking at absolute value of prices. Things evolve in %, not in absolute numbers. Why do you care if AMZN stock is at 1900 or 19? They can do stock split and convert 1900 to 19. Why would that make you buy? Should be the same.
Not sure that I understand why they should be the same. My thought process is that I can purchase 5000/19 units as opposed to 5000/1900. Wouldn't it be easier for the value to double from $19 to $38 than it is for it to go from 1900 to 3800?
We are in recession, markets are down plus raising global economic problems. Investing in stocks is not the best option but in Alternative Assets like Bitcoin while earning compounding ROI on weekly or monthly basis. This have been my proven strategy for the past 4yrs
I would be reluctant to invest in BTC and other cryptocurrencies at this point. The time for investing in that was 2011 when investing $1000 would yield a $170 million return. As long as these alternate currencies continue to have no value besides to their backers, It's a serious gamble to invest in that.
You are dead wrong! Are you aware that the feds are looking into options of making the doller like the Bitcoin? Secondly, Bitcoin has held up well during this crisis more than anything else. Global commodity markets crashed over and over yet bitcoin gained about 40%.
Keep your funds liquid for the time being. The stock market was not predictable during the boom. Now it's about as safe as flushing it down the toilet.