Although many of the posters here have done well investing in stocks, this is not a question for this crowd. Instead, I suggest you pony up the cost of one or two VIP's and consult a financial planner or certified investment advisor. Choose one who is legally obligated to represent your best interests, not a sales rep for a brokerage firm.
Having said that, I suspect you will find that diversifying your investments is always a good strategy. Choosing stocks (or even better, mutual funds) across small cap, medium cap, large cap, income vs growth, various industries (tech, medical, energy, manufacturing, etc.), and domestic vs, emerging markets will always be a good idea.
Cheaper method: Go look at the web sites for companies like ETRADE and Ameriprise and read the sections on investment strategies and try the online investor planning tools.
Final thought: Free advice is worth every penny you paid for it.
A lot will come down to your age and how much longer you plan to work. If you have 25 years labor left in you then you can be more risky, if 10 more years working then not so much.
I would stay away from those investments. Its basically gambling in penny stocks, and very few make anything.
In my view, rather than trying to pick a lucky stock, its better to buy several index based funds, with dividend reinvestment, and forget about the money for about 20 years. When you check your portfolio in year 21, it will be a nice number.
Buy Amazon dawg - Charles Schwab allows one to buy partial-shares vs having to plunk down big $$$ to buy costly stock shares like Amazon or Google.
If u wanna make big $$$ you either need to own a successful business or have a high-paying job - o/w you will have to take the long and steady road of patient prudent investing in order to have a decent nest-egg down-the-road.
Max your Roth IRA ($6K/yr - should be higher) since you can take that $$$ out tax/penalty free at any time should you need it - then keep investing from there.
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Having said that, I suspect you will find that diversifying your investments is always a good strategy. Choosing stocks (or even better, mutual funds) across small cap, medium cap, large cap, income vs growth, various industries (tech, medical, energy, manufacturing, etc.), and domestic vs, emerging markets will always be a good idea.
Cheaper method: Go look at the web sites for companies like ETRADE and Ameriprise and read the sections on investment strategies and try the online investor planning tools.
Final thought: Free advice is worth every penny you paid for it.
In my view, rather than trying to pick a lucky stock, its better to buy several index based funds, with dividend reinvestment, and forget about the money for about 20 years. When you check your portfolio in year 21, it will be a nice number.
If u wanna make big $$$ you either need to own a successful business or have a high-paying job - o/w you will have to take the long and steady road of patient prudent investing in order to have a decent nest-egg down-the-road.
Max your Roth IRA ($6K/yr - should be higher) since you can take that $$$ out tax/penalty free at any time should you need it - then keep investing from there.
Put 90% into index funds, 5% in individual stock picks and go wild with the other 5% on weekly spy options. Glorified lotto tickets haha