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Anyone have a good suggestion for someone investing in stock market for first time? I have a Robin Hood and Sofi invest accounts.

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Hertz is coming up with a new offering. Then there's always american airlines, carnival Cruise and Chesapeake energy.

likefunny

Ding, ding, ding. Watch out yourself. Don’t be fooled by those who venture out to the Wild West of stock market and thought they were the winners but ended up killing themselves instead. Start small, learn as you go. Mutual funds will be the way to go for safe-start.

Yup. Invest in ETFs specifically VOO, SPY. Do not and I repeat DO NOT invest a large portion in stocks (small proportion of your portfolio is fine) because long term it’s very difficult to make money in them and beat the market (aka VOO/SPY). If you want higher returns (higher risk) think about investing in 3X return based ETFs e.g. TECL - Tries to get 3X the return of tech sector. Long term investment in ETFs gets you a tax advantage of 10% tax rate on gains rather than your tax rate which is usually much higher than 10%. Remember you cannot time the market over the long term and hence continuous investment over long term will help get you strong results.

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Agree with PM1. But a case in point here would be the following (last 3 months data) TECL (low of ~75 to high of ~230) or SOXL (went from ~60 to ~190)

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Trading is free (no cost) now. Start small, learning as you go. Always remember: stock is always the winner in the long run compared to bond.

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OP, If you are investing for the goal of buying a car from the 5K saved in 1 year - stock market is not the place as its meant for longer term investments. There are “anomalies” in segments of the market at times where based on your knowledge and area of expertise you could make outsized returns, but those are few and far between.

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Here’s my advice: put it all into bonds / MMFs if you’re eager to invest right now. Market today is incredibly volatile and unpredictable. Retail investors with little knowledge as a category are always losers in this scenario, as we’ve seen over the last 2 months. Wait for a potential big market drop (20%+), and slowly buy into SPY/VOO. Broad indices will grow in the long run

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Good point

Low cost S&P 500 index fund. If you look at studies that have been conducted over decades, most people are better off going down this path. Most people do not consistently beat the market over an extended period of time. Why not simplify things and make sure you get your share of the pie.

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Thanks learned buying small stocks doesn’t work well after last week. Do you guys know what’s the fastest way to grown my money? Need to buy a new car next year. Would like to do so cash. Have 5k invested thus far.

Chances are you’re going to lose money in the next year

Thanks for the honesty

With the kangaroo market right now option plays are pretttty lucrative. Just don’t be a 🌈 🐻

Play the long game

Additional Posts

Yeah you're right. It cuts after two lines instead of expanding.

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test post from test

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Part of the crowd. The briefcase doesn't show in post details though.

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Team dinner? More like, Let's sit around for four hours and do nothing while the introvert shrivels up and dies.

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Best Marriott Resort for vacation. (Have about 500k in points, looking for Caribbean, upscale, classy)

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Had THE best hook up last night. 💯 Any other 🐠 use project travel for "extracurricular activities"?

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Uber Eats users: do you guys give cash tip to delivery person?

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Never gets old....

Post Photo
likefunny

TFW you get the first class upgrade notification.. not a bad way to start the day!

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What roles can realistically pay 200k+ with 3YOE excluding buyside, IB, and technical roles at FAANG?

funnysmart

Saturday flights: where the business to non business traveler ratio is considerably smaller, no one knows what they're doing, and the lady next to me has bare feet. #putyourshoesbackon

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If you were given the option to take unlimited paid leave....how much would be too much?

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Does anyone think there is an opportunity for an simpler offering and trusted delivery for smaller businesses in high growth markets (Texas, Denver, Portland, Nashville etc).

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Apologies if this has already been posted, but to my Black colleagues...how can I support you?

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is it friday yet

likefunny

Any tips/tricks or plugs for ways to get cheap broadway tickets or passes for Empire State Building?

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How do you recover from burnout on the weekends? My peers try to live for the weekend and go out to do activities, but I don’t have any hobbies and drained of energy to do anything.

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Other than searching Redfin/Zillow any tips for finding investment properties with the tenant already in place? Thanks!

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Where can I watch UFC PPV for free? Which streaming sites do y’all use?

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