I don't trade stocks at all outside of moving my 401k/roth in and out of cash back into an aggressive 2060 group. I took mine out at 28,500 before covid crash and put it back in at 21k, road it down and back up to now. Felt pretty good avoiding the dip and riding it up, missed the real high and low but still.
Any guides or specific apps / websites to use that are best? I want to start trading a little here and there. Just made some money from real estate type stuff which is great but i'd like to diversify. Noob here
Hmmm, It's through work and they match up to a certain percent. Not sure i can pick just any fund or? Seems like I'm restricted to a certain list. If they didn't match I'd do it all on my own.
Yeah, you should still be able to elect different funds!
Not sure your provider. But I've had both Vanguard and currently Fidelity and they both allow it. If you sign into your account, you should be able to change your investment allocation. As in where your deposited funds go.
Yes, there is a set list of mutual funds, but your provider should offer something with slightly more risk which ideally has a higher return. At our age, it's ok to take on risk in portfolio, especially a retirement account.
Employer match will still be guaranteed regardless of fund you are contributing too.
I don't trade stocks at all outside of moving my 401k/roth in and out of cash back into an aggressive 2060 group. I took mine out at 28,500 before covid crash and put it back in at 21k, road it down and back up to now. Felt pretty good avoiding the dip and riding it up, missed the real high and low but still.
Any guides or specific apps / websites to use that are best? I want to start trading a little here and there. Just made some money from real estate type stuff which is great but i'd like to diversify. Noob here
Those target retirement funds typically underperform the overall market pede.
I'd recommend some type(any) of growth fund, if you are 40 years out from retirement. 80% domestic 10% intl and 10% bonds.
This is how I'm positioned and am likely in same age bracket.
Hmmm, It's through work and they match up to a certain percent. Not sure i can pick just any fund or? Seems like I'm restricted to a certain list. If they didn't match I'd do it all on my own.
Yeah, you should still be able to elect different funds!
Not sure your provider. But I've had both Vanguard and currently Fidelity and they both allow it. If you sign into your account, you should be able to change your investment allocation. As in where your deposited funds go.
Yes, there is a set list of mutual funds, but your provider should offer something with slightly more risk which ideally has a higher return. At our age, it's ok to take on risk in portfolio, especially a retirement account.
Employer match will still be guaranteed regardless of fund you are contributing too.
Feel free to ask any questions.
Most custodians like Schwab, TD, ETrade have free trades now so either one of those is good if you're looking to do day trading.