All you experienced investors, advice for the new/young/inexperienced guys...

Mar 31, 2019 46 Comments

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

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TOP 46 Comments
  • Square
    Umwut

    Go to company page Square

    Umwut
    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
    Mar 31, 2019 6
    • New
      IndyTheDog

      New

      IndyTheDog
      See my comment below
      Mar 31, 2019
    • New / Eng
      |l|l||l|l|

      New Eng

      |l|l||l|l|
      This only works for the 0.01% of people who went into the right company at the right time, and stuck with it. Nobody knows what will happen in the next 10 or 20 years so there's too much luck involved.
      Mar 31, 2019
  • New
    IndyTheDog

    New

    IndyTheDog
    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
    Mar 31, 2019 5
    • Square
      cashme

      Go to company page Square

      cashme
      Idk. Probably go with your guts and be persistent.

      To me, be able to afford a $2 mil house from nothing is exceptional. To be exceptional, general advices do not apply.
      Mar 31, 2019
    • New
      IndyTheDog

      New

      IndyTheDog
      Got it, if he is asking the internet for advice on how to get THAT kind of rich, he is already behind the curve
      Mar 31, 2019
  • Google
    PageRanker

    Go to company page Google

    PageRanker
    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).
    Mar 31, 2019 9
    • New / Eng
      |l|l||l|l|

      New Eng

      |l|l||l|l|
      The only way to get rich early is by luck.
      Mar 31, 2019
    • Square
      cashme

      Go to company page Square

      cashme
      Yep. Lots of luck. Then you have to pay the tax of being lucky 😂
      Mar 31, 2019
  • Amazon
    Clamps

    Go to company page Amazon

    Clamps
    Do the opposite of what r/wallstreetbets tells you 🥴 I’m about to dig into “A Random Walk Down Wall Street”
    Mar 31, 2019 3
  • Oath / Mgmt
    Atinlay1

    Go to company page Oath Mgmt

    Atinlay1
    It’s a gamble. Find a good savings account while you do your homework and learn
    Mar 31, 2019 1