Personal Investment Chatter

I have about 10k to invest. Is my below understanding correct? >If I put in SPY, etc, I'll end up maybe doubling or tripling my money after 5-10 years. If i identify individual stocks, I can make 10x

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You can lose 10x also by picking the wrong stocks. You’re not a Wall Street trader, so don’t try to be one. Index funds all the way.

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Agreed. I personally “combat” my limited research by satisfying my savings objectives with low ETF mix, and only after that, venturing out into stock picking territory (like you describe). As with most things, there’s a little mix of column A and B that people will find themselves in. Just hope no one ever goes full-on WallStreetBets. Being knowledgeable and disciplined is the pre-req to making things more complicated

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If you can identify the right ones and time it right, why aren’t you buying options. The return could be in the 100x.

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You seem to be very new to investing so: 1) It is entirely possible that you COULD pick the right stock and 10x your returns. In the same way you COULD pick the right horse in a race 2) The generally accepted advice is to spread your bets across a large number of companies representative of the broader economy - this is most easily conducted (for a number of reasons that you could look up) by investing in low cost ETFs (Exchange Traded Funds) 3) You are not an investment professional, and even they do not get their investments right all the time. When you’re playing with your own money it’s best to avoid the risk of going to $0

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Is SPY better than VOO or VTI?

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...(continued) 10x even if I identify the right ones. Is that correct?

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Doesn’t have to be one or the other. For instance, you could put 7.5k-8k into SPY, and then the rest into a few stocks. It all depends on your investor goals and personality and risk tolerance.

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Oh bud.. I’ve lost my shit with individual stocks. It’s not worth it from a risk reward perspective, unless you do it full time, like Warren Buffett. Stick to buying S&P or other total stock market index fund to cost average down. If you have $10k, I would put $1000 per mo in the market starting now; so even if it goes down, you average down with your money. no one can time the market so this is the best strategy

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Probably won’t be a bad idea... however, with the stimulus this short term rally might continue. Plus options are expensive right now (because of volatility); you might have to sell calls

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Sharing my portfolio MSFT DIS ACN PYPL BABA JNJ UNH NVDA PEP GS UTX HD SPCE DDOG CCL TSLA VGT VTI FIVG ITA

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