This. No one knows what the market will do in the future. If they did they would be the richest people on the planet. Sometimes it works out. Alot of times it doesn’t.
You don’t have to know what the market is going to do every day. But you can be pretty damn confident about the general direction. I knew in Feb that the market mess was likely(just not quite this severe).
It CAN be gambling but there’s been no gambling about it this last month. It was pretty much free money. There are times where if you do enough research the option is obvious. Look at how many people(myself among them) are going to retire early on WSB because of anticipating this and loading puts.
You can do a total market index fund but you won’t see the kind of growth you could. It depends on how passive/active you want to be with your portfolio. At the very least I’d do research and pick stocks your confident in, along with blue chip stocks. Just keep it diversified.
You make money if the stock price goes down.
Thats the most American shit ever. Love it. I really need to get better educated with my money. I'm just the average Joe with a retirement portfolio.
Options trading is gambling.
Just put your money in a total market index fund and keep contributing / don't sell
This. No one knows what the market will do in the future. If they did they would be the richest people on the planet. Sometimes it works out. Alot of times it doesn’t.
You don’t have to know what the market is going to do every day. But you can be pretty damn confident about the general direction. I knew in Feb that the market mess was likely(just not quite this severe).
It CAN be gambling but there’s been no gambling about it this last month. It was pretty much free money. There are times where if you do enough research the option is obvious. Look at how many people(myself among them) are going to retire early on WSB because of anticipating this and loading puts.
You can do a total market index fund but you won’t see the kind of growth you could. It depends on how passive/active you want to be with your portfolio. At the very least I’d do research and pick stocks your confident in, along with blue chip stocks. Just keep it diversified.