When investing in stocks, how do you strategize where to put your money? For example, I like to put $2000 a month in the stock market. My problem is I buy 2 shares here, 3 shares there. And I’ve ended up owing a bit of everything. Ideally I want to build up to have 100 shares of a stock so I can start selling covered calls. But I feel like it’s going to take forever. Especially if I keep getting into new stocks.

like
Posting as :
works at
You are currently posting as works at

When I first started, I just focused on a very limited set of stocks that I believed in. You eventually build up capital for covered calls.

The other things to do:
- understand your account size and target stocks / ETFs in your price range to get to 100 shares. If you want semi exposure, go for MU or INTC instead of NVDA
- invest in boring dividend stocks where you can sell covered calls and build capital to invest into larger value stocks in bulk

likesmart

I was answering OP’s question.

I have different portfolios with different brokerages that have different goals. Have a “boomer” portfolio and dividend focused Roth IRA at one place. 401k another. Then another Roth IRA focused on LEAPS and a Yolo stock/covered call account.

I alternate where the money goes (after maxing out IRA/back door) so it has a plan. Boomer portfolio? JNJ. Covered calls? Loading up on MP and CRSR (for example).

I agree with SM1 to focus on a smaller set of positions.

I’d add that one approach might be to pick 10-12 ETFs to trade across as a way to learn how to do watch ideas and manage positions. They don’t move as fast as an individual stock can, but it may be a good training ground.

Related Posts

Are there any Institutions out there that would refinance international student loans without a co-signer?

like

I am an engineer, but want to get another degree in biology. But even though it's my passion I'm worried that I won't be able to get a job quickly, I have a loan to study and I'm too young to declare bankruptcy. Any hope?

like

I am paying rent 5500 per month in flat. Can we declare 8000/ month for HRA. Since it is adding pan card of owner is mandatory.Not aware of the process. Over here. Do we need to add original details in hra declaration?

How did you learn about real estate investing?

Got my first job working retail! I'm so excited. I'm only 18 and I know it's not that much but I'm happy that I get to earn my very own money.

like

130k salary, not a lot of savings. After taxes I get like $6k a month, probably going to splurge $3k in a 1 bed in SM, tired of where I live. YOLO or should I think more about it?

like

How last month notice period fnf settlement amount is calculated? pls explain in brief Thanks in advance

like

For you guys that have car allowance. How much do you get?

like

Why al clean energy stock sunk big time.. ICLN? Anything I am missing or just a. Bad day

like

First house is currently valued at 900k (bought at 500k 7 years ago). We are considering a move to a LCOL city to try it out.

Should we rent it out for $3800/month to make money while keeping it as rental properties or sell it so we can buy a new home property and then invest the rest? Looks like getting financing for second home is pretty tough.

House is in Arlington VA if it matters.

like

Does Bank of America do a Mega Back door 401K?

like

Getting headhunted by Darktrace for an account exec in London. Any fellow darktracers able to break down the REAL earnings / culture? Darktrace

like

Looking to invest in startups. (No fiat/ only crypto investment)

like

I recently signed up for a 0% interest (for 15 months) credit card to help with paying off credit card debt. I’m happy with the decision. However, I’m uncertain about the best way to use my upcoming..

like

If you were to trade Tyrek, Evans, or Kupp which one would you trade and what type of RB would you look for in return?

like

Recently received 80k offer for Amex Gold and 150k offer for Platinum. Currently use CSR for travel and dining, which we will downgrade later this year as wife got CSP for 100k bonus (which we might upgrade to CSR to keep 1.5x redemption). Considering Gold for groceries (family of 4) and potentially for dining over CSP/CSR. With groceries, 4x return will just offset AF. Have no exp with MP. Worth getting gold? Can I later (next month) also get Platinum for bonus for when travel starts again?

like

How do we get TSA Pre through AFS?

like

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

More Posts

Best magic circle firm?

Howz work pressure in business analyst profile in FIS Global? I got a offer with designation as senior lead analyst.

like

Describe a situation where you had to put your overall organizations interest first, even if it affected your team’s or your own success. What complexities were involved? What did you do to resolve the situation? And how did you communicate your decision to those involved?

like

Currently struggling with lack of motivation. I’m in my 3rd year at my firm and when I started I was hitting 9+ billable per day before I left the office. Now, the saying: when there’s no consequence for poor work ethic, and no reward for good work ethic, there is no motivation” hits home. Over the past two years I’ve seen the opposite of indispensable employees. Yet, they sit at the same table as I do and make more. Any advice?

like

For those of you celebrating today, Eid Mubarak! For those of you celebrating tomorrow and onwards, few more days!

like

Is Wharton worth it?

I’m a PL@BCG (first job out of under-grad) and will need to spend all my savings of $200k to go Wharton. The only reason I was going to school was the brand...

likefunny

Hi, new to this bowl ☺️ I’m wondering if anyone has suggestions on where to put my money, if not in a regular savings account? I’m so so grateful to have graduated from college over a year ago with no debt and I have minimal living expenses, so I’ve been able to save a lot. A percentage of my paycheck goes towards my company Roth 401K and company stocks, but I feel clueless about how to be smarter with my money and not let it ‘collect dust’ lol.

like

How will be work life balance for Software Engineer in consumer and community banking
Profile for Salesforce Developers in jpmc?

like

Hey Folks,

I applied to 
Salesforce through its career site, it's been a month but the status is still showing under consideration. what should I do?

like

Currently a consultant at a firm with tons of free training opportunities. No background in coding/tech. Looking to pick up blockchain certifications or credentials in my spare time that will open doors in the future, but no clear vision yet of what exactly I would be looking to do. Any good general purpose certs/credentials you would recommend I pursue?

likefunny

Hi
One of my friend needs referral in flipkart.
If someone can please help
Thanks in advance!

Hello new to the Fishbowl, currently seeking new employment in the Cash Application Accounting, system implementation, order to cash Management or non management roles. Also, open to new opportunities in other areas. Any recommendations would be greatly appreciated ☺️

likefunny

Today is a wierd day. My DMs got banned and I got a new badge.

At least I will not have creepazoids in my DMs asking for "bra size" or to see if I "shave" 🤪

Though at this pace, I will be Chief by Valentine's day 🤣🤦🏾‍♀️

Post Photo
likefunnyupliftingsmart

I averaged 250+ billables for Q1. Took a vacation in April and since being back, work has been pretty chill (~35/week) and I havent taken any new work. However, I am finding myself not very productive and the smallest things are taking me way longer than they should. Cant get myself to do these things but then that makes me anxious. Feeling stuck. Has anyone else experienced a similar situation and what did you do? I’m a junior associate in corporate.

like

Anyone know of FINRA approved newsletters and/or timely blogposts I can subscribe to? Looking for good material to help fill in my monthly market newsletters.

like

Partners, what’s the difference between orals and a readout in terms of approach? Should I just treat it as a readout and go through our proposal or is there more nuance to it?

like

Super cool! Thanks for creating it!

like

H1b extension got approved yesterday. But now my project is changed to a different location. Planning to travel to India in a month or two. How soon can I get the location amendment process complete?

Gave one round of interview, got a candidate info sheet to fill by HR after a week. Mail said its just a process. Can someone help me understand how the process moves? What to expect?

like
like

Additional Posts in Option Traders & Investing

10/21 Thread (General):

like

Thoughts on $SIRI? I bought some weekly $6 calls for $.07. They report this week and I figure maybe people are listening to radio more (dubious, but that’s the gamble). Plus they just declared a div.

like

Just wait till the economic data comes out. This is nothing but a pump, imo. We should see spy back at $220-230 by next week.

like

Market sell off today.. what other stocks are people looking to buy into long-term and why?

like

When is trump’s China announcement happening?

like

SNAP gang - just opened some july expiry puts, have about $700 in each pf the following now

June 12, $18 (looking to sell on the first dip to 17.5 or under)

June 26, $17 (Likely hold to expiry or to 16)

July 10, $18 (might sell if we go to 17.5 soon to not lose premium, but will play by ear)

like

Any thoughts on where to park about 40k for the short term (3-6 months).? Half of it is part of a new long term investment strategy to which I will be adding about 2.5k/ month and the other half is earmarked for home improvement/ vacations.

I’d like to try to get some upside while limiting risk...Yes, I understand the basics of investing and why this is a bit of a ridiculous ask. I’m just concerned we are heading toward a cliff and don’t want to be down when I need the earmarked half.

like

10/28 Thread (BC):

like

Call me crazy- I’m considering a Tesla call for next week. I hate this stock. I called the Tesla top at 530 along with Apple at 133 the other day. Thought is retail and battery day run up into September 22nd will put this thing north of 400 easily. This is a short term trade and think Tesla is obsolete in 5-10 years

like

Thoughts on BFT? Still a good buy?

like

Has anyone contacted robinhood support ive been waiting for a week now for their response

like

3/18 Thread (General):

like

Are gun stocks good to invest in right now?

like

For all these beaten down growth stocks if you are thinking of buying shares would it be worth it here just to buy a leap instead of shares and let it ride. I’m sure some of these stocks will never recover so even if the leap goes to zero wouldn’t it be close to the same loss as if you had shares and it keeps dropping in the next year. See PTON, PINS, DKNG, PLTR, PYPL and V(lesser extent) etc. I haven’t done leaps before and just trying to learn how best to use it as a replacement for shares

like

10/30 Thread (General):

like

Thoughts on investing in FS/Investment Banks such as COWN and RILY? They have strong fundamentals but I don’t really know much about the industry and if they can keep up the growth levels.

like

Merry Christmas everyone!!

What's everyone thoughts on when the world will hit a recession similar to 2007/8?

funnylikesmart