Need help from experts : I have never invested in stocks before .. is it too crazy to start after the big surprise from Nvidia today? the whole market is up because of that ..I don't know if it is good time to invest in Nvidia, MSFT, Synopsys and AMD .. should I wait? or should I start?I have no experience in that domain! Also, if I am planning to put 10K in the stock market, how much should I allocate to each of these stocks? TC 175k YOE 7
Zero. Put your money in index-tracking ETFs.
Monthly dollar cost averaging in VTI or VTSAX. Reinvest dividends. You are for the most part done, congrats! 🎉 if you want to go further throw in some rental properties in the mix.
All the above are good, but highly conservative. You won't get any 10 baggers with this strategy. For young people, I encourage to take more risk with individual stock picks. Do extensive research to find undervalued companies, focus on a few. Warren Buffett didn't buy index funds to get rich.
"i have never invested" please just buy sp500.
This is bad time to buy Nvidia. It just hit all time highs. The price compels you to act, to fomo. Instead you should focus on buying what is down right now. A good example is bitcoin and eth. Both near the bottom of their market cycle with tremendous upside by 2025. This doesn’t mean Nvidia is topped. But if you buy now and it cools off you’ll immediately be underwater and stare at red unrealized loss every day. Whereas things like bitcoin and eth have already plunged and have limited downside at this point
Nvidia is high don't buy. The way it works is Nvidia lot of demand for AI GPUs. But some of that market would be captured by other competitors like Google/ apple, etc who are building chips. Then, by software companies who capture the fruit of AI.
Index funds. That’s where to start. Vanguard. Time in the market beats timing the market.
Everyone does it differently, this is how I would do it: Start systematic investments for example put this 5k into investment cash, but only start $20 per day SIP into some index like S&p500 or so.. and then 5k into riskier things like stocks from different industries such as tech, healthcare, manufacturing etc. This way risk is diversified.
OP embodies the very definition of FOMO
can't disagree with you! .. yes that's true!
Go read "Bogleheads Guide to Investing" by Taylor Larimore. 3 hour read. Then you can start from there. Meanwhile, just put your money in your bank.
Thanks for the advice .. I will look into it
No, put it in a brokerage so it's 1) ready to deploy and 2) earning significantly more interest than your bank