Getting into the stock market for the first time opinions on what I’m going to buy please!
By - Barcacow999
I’ll bet your deep In $GAYMF
No background experience and going straight to stock picking is already a massive task. I'd suggest to simplify it, check out broad etfs, get some experience, familiarise yourself with the stock market first and see how you emotionally handle the ups & downs of the market.
This should be the top comment. Everyone underestimates the emotional impact.
VT or VTI. Set it and forget it
man… just invest into an S&P index fund and forget it. more than likely will beat the majority of individual stock investors
Great advice only exception is I would do a total stock market fund/ etf instead. Otherwise, do that and then focus on what really makes you rich... earning more, saving to invest more, and LBYM
yep.. buy into VTI
Hi there! Welcome to the market. I'd say MSFT and DOCU are wonderful, high-quality businesses. I like SOFI too on your list.
Out of curiosity, how are you going about picking these specific stocks and the percentage allocation?
p.s. don't listen to the folks who say to only buy VTI/VOO or that there's a crash coming, people will always say this no matter what
VTI and forget it, don't try to cherry pick stocks
Thanks for contributing to r/stocks
for someone just getting into the market, this is the best advice
Having read through the comments to find that you are talking about 1,000 dollars, I'd say your best bet is to put it in a savings account for emergencies, or in your checking account, unless both of those accounts are fully satisfied.
If you want to put this money in the stock market, then I'd start by trading options. Do not buy calls, or puts. Instead, sell calls or puts, a.k.a., the 'wheel strategy'. This is as close as you are going to get to an ATM in the stock market, and can be lucrative, as long as you make sure to pay attention.
It may take some weeks or months with a smaller stake, but you should be able to build it into an amount that you can really put to work for you in your favorite trading/investing strategy.
Whatever you do, you need to increase your stake size before you worry too much about diversifying.
Edit: I forgot to mention, make sure you understand exactly what you are doing and the repercussions of your actions before you make a single trade.
[Investopedia.com](https://Investopedia.com) is your friend.
You are investing near the top of the market and you are new to investing which is very tough and emotionally challenging. Try and make a simple plan and stick to it. One simple plan i heard about is every month to invest a fixed amount into an etf or two, and double it in months in which the etf you buy is down. No guess work and you can always scale your monthly investments up or down as your income changes. Good luck!
Anything uranium is looking good
Can you give examples of tickers? And briefly why you think that thanks!
Alot of different things have all come together to drive up the price of uranium and the utilities have to buy it at any price
Just google and research it like you did with your listed stocks. The search should pull up some subreddits that are focused on uranium investing too.
Also since you are only investing 1k right now I would cut that list down a little. Diversify more as your portfolio grows.
Looks fine. We might have some volatility over the next month so i would dollar cost average into your positions. (This is not financial advice)
Short the S&P
#SOXL #TQQQ #FAS #ARKG ...
...should get you hooked on the thrill of a wild ride.
Now is not the time
At the moment I personally think there’s a lot of risk involved with the Chinese real estate market. Seems like you have waited for a bit to get on the stock market. IMO waiting a little longer and seeing things play out wouldn't be a bad idea.
Folks were saying the same thing in 2020 when the world economy looked to be shutting down or even after swine and avian flu scares several years ago. In ALL situations the market just kept trucking ahead.
To put it in perspective, Fidelity did a study several years ago and found the most successful investors were the ones who died. They weren't alive to go back and go in and out of the market based on their opinions/ valuations. Several weeks ago folks would have been lobbying for waiting as well, but because the market were at all time highs.
For OP, if you are concerned the most reasonable is to DCA where you take your x amount and divide by 3-6 months and invest equal amount each month.
Disregard this guy's/gal's opinion. People have been talking about the Chinese real estate bubble burst for years! I've read u/nooyeads comments, he just parrots off one liners he skins from others. None of their posts have anything original or truly thoughtful in them.
Lol. Chill out dude. So much anger! 😆
No anger here bro. Just mentioning that it seems like you're more of a amateur hobbiest (if even) when it comes to finances. I mean you say you're waiting for a correction or a crash, but I guess I'm just curious - how much actual coin are you going to drop once it happens? Otherwise it's the same as taking advice from a 14 year old who read the financial times once. But you do you
Yes, I’m a hobbiest and I’m sure many of the people here are as well. But I’m not parroting some conspiracy BS. Unless you think all these people calling out for a potential risk is totally wrong. Also, if the correction does come it would be a lot difficult for a first time investor to hold his/her position. Just looking out for a fellow redditor.
>Just looking out for a fellow redditor.
But you're not! The most basic rule is that time in market is the most important thing. So telling people to wait (for a completely unknown amount of time) for no reason and miss out out gains, doesn't make any sense...if you actually care about their wellbeing.
Also, are you waiting just for the Chinese real estate collapse, why not other concerns? I'll tell you why. Because you're the type of person to watch a YouTube video are ghost cities in mainland China, and then use that as a conversation starter every chance you get.
I mean the biggest Chinese real estate company is about to go belly-up, so what's your point?
Not sure what Evergrande has to do with OPs tech portfolio. What are you trying to get me to say?
>People have been talking about the Chinese real estate bubble burst for years!
Weren't you implying here that this was all false? Per definition, Evergrande falls under a bubble.
>Weren't you implying here that this was all false?
Is that what you read in my words? Or are you trying to spin your own narrative?
That what was false? That a correction or crash could happen at some point in the future? Obviously that can and will happen. I'm saying that OP shouldn't hold off on the expectation to be able to time the market.
First of all , real estate IS tied to tech portfolios.
Second of all, yes, considering all the factors it makes sense to wait it out right now for more details, at least a week or two.
K. So drop all cash on the 8th or 15th day? Maybe the 22nd? How much should we wait? Usually China is very quick and transparent, so just trying to gauge a timeline here.
There does seem to be a sort of short term doomsday attitude at the moment. I’ll consider this thanks for the advice. One more question: by wait do you mean like end of year or what?
I’d just keep following the event and asses the situation. The Chinese government may bail out Evergrande but there’s also a scenario where they might not. If they do default who knows who’s going down with them. They are so big that no one really knows how far the contagion could spread.
So would US financial institutions and suppliers have a lot of dealings with a company that seems to exclusively build property developments in China? I can’t remember if China was affected by the 2008 bubble? Maybe they were and their banks had loaned money to US banks? I’d have to look it up but I’m sure that would be a decent gauge of something similar in recent history.
U.S might default too, would be much worse than Evergrande.
I personally wouldn't mess with ZNGA, but that's just me. You don't have enough of your portfolio in cash. You should get that up to at least 10 percent for September. There will be some strong dips in September that will present tremendous buying ops. You want more dry powder than that. Start by turning your ZNGA investment into cash.
September’s more than half over and yea things are dipping. Do you think I should just hold off until October or try to buy like late 20s or September? Also do you think the stocks I have selected will dip and I should buy then or should I look elsewhere?
How much total money is in the account, I can't really give you any good advice unless I have a ballpark idea
I saved up 1k
With 1k, I honestly would keep all the money in a single play. Many people would probably disagree with me, but I think diversifying under 5k to 10k is pretty much unnecessary.
Now, in regards to my advice, I personally believe that there will be a 20 to 25 percent crackback before the end of 2021. Problem is, I don't know when this is going to happen. Also, I think we're going to get a "headfake" before it actually happens. What I mean by this, is that we're going to get a 5 to 7 percent drop that is going to *seem* like the beginning of the crackback. Instead, it's going to be a headfake, and the market will rally to a even higher high (slightly), before the real crackback.
This headfake by the way could happen this next week. If not this next week, I think the next 3 weeks are all prime for it to happen. Once the 5 to 7 percent crackback happens, then there will be a rally that will take the market to a new high, with high-end blue chips setting new all time highs even higher than they are right now. Maybe by only say 10 to 15 percent max. Then, at some point, the whole thing is going to collapse into a real deal sea of red that could end up lasting several months. A lot of pain and suffering.
The best way to play this, is to buy at the bottom of the headfake (good luck predicting this exact moment), then selling at the top of the rally that would follow, then finding the lowest point during the 3 month long sea of red to buy back in.
By the way, I have not traveled in time to the future and I don't own any crystal ball. This is just my gut instinct. If you got something better, let me know.
Wait a month
Too much spread in sub 5% holdings. I would do more DD and consolidate into no more that 5 scripts. I also recommend PLTR and ABCL with 10 yr horizon.
There is only AMC and GME for me... (Not financial advice)
Crash is probably comming. OTC markets should pick up when it does. My portfolio contains $CYIO and $MVIS. Instead of just going with what you heard of, do some research on either of those tickers and see what you come across. Both have a lot of cool info surrounding them.
$P ltr & AMZN 50/50 and hold and youll beat the market. Or you can be boring and buy an etf. Hold a good amount of cash too.
I think you should wait a few months because it looks like a crash might be happening soon.
Qqqm or Vgt and call it a day
VOOG and VONG
Too many small caps. Start off with more heavily traded companies before you fuck around with volatile small caps. I do think ZNGA is due for a bounce though.
If you were only to buy one thing, which among those would you choose?
Probably Microsoft just because it feels safe. I know there is a potential short terms downside but I don’t care too much I’m think of holding that for 5 or more years
Then that's the only thing you should buy. Ignore the rest. :)
Isn’t it a bad idea to go all out on one stock though? I worked pretty hard to get this money I don’t wanna throw it all at one thing that I have a hunch will go up long term.
You have to decide how you plan to invest. Do you use all the cash? Do you invest in some sp500? You have to make a strategy.
Have you done some financial research? Or, budget research?
How I invest, may not work for you, is 3-5 stocks I can keep track. Then when I make gains based on my rules, I either sell, buy more, hold, or cut off.
Having a lot isn't really good because it'll take a lot of time to analyse a lot of stocks. It's a serious choice to make. You don't just guess. You get to know the business. It's like if you can only choose one thing, you have to think long and hard if you can't change it for something else.