Me trying to figure out the stonk market. Which, how much, and when to buy and sell.
(media.patriots.win)
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I have a friend who day trades, and has been investing since age 13, is 27 now, and has $600,000!!!
He grew up in a middle class home like I did, so I was pretty shocked he's done so well.
I myself don't day trade at all, and invest in low risk (allegedly) investments.
No tech companies.
I personally still believe Exxon is a solid investment. I only buy stocks with dividend, and re invest as time goes on.
My grandpa worked hard his entire life for lower wages. He invested little bits for 60 years straight. He's retired with good money in stocks, going km vacations all the time, and living comfortably.
Back when he was buying Exxon, it was $5. The long term buying plan seems to be great so long as you diversify.
With that said, so long as USA doesn't collapse, should be good... If it does collapse, we all have bigger things to worry about than retirement or money.
Lastly, if you choose to invest and create a retirement fund for the future, also make investments outside of stocks.
Maybe buy gold and silver. Real estate is great.
Real estate is why I jumped out of stocks and options I mean big ass tendies are nice and all but a guaranteed 400$ every month profit is hard to beat plus the whole paying off the mortgage as you go never hurts.
Agreed. Rental properties are a nice business to be in. A lot of hard work goes into it, but it creates a solid income over time.
Building equity while you also profit. It's a great deal, but you obviously have to buy right, and it's a sellers market these days.
That'll likely change under a year of Biden...
That's why I'm just saving and buying crypto if it wasn't for the floyd riots I'd have already bought my 3rd house as just a straight rental but now it set me back about a year on top of that I'm trying to relocate because of said riots so need a new job lined up before I buy house 3.
It’s idiotic to think that tech stocks are never viable. Exxon was new tech at one point. It’s even more idiotic to buy with your emotions about how your grandpa did things.