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Topic	Is now a good time to buy stocks with $50?
Hexenherz 03/10/20 7:16:00 PM #49:	refmon posted... how does a total newbie even know what to invest in? First and foremost, you should look into an IRA or company-operated 401(k) if they offer one with any sort of contribution-matching benefits. People say to max contributions here out, which isn't a bad idea if you can afford it, but even if you want to play around with the stock market on your own you should be contributing a lot of your monthly investment money to an IRA/401(k) first (in my opinion). Like others have said, if you want to do it the relatively simple way, get into mutual funds or ETFs. Mutual funds have a report that tell you who the managers are, what the concept is for investing the money (where they invest it, if it's a conservative or aggressive strategy or somewhere in between, etc.) and you can see the general rates of return for previous years. ETFs are more like stocks, but instead of buying a single company, you're buying into a fund that invests into different companies/sectors/industries within a market. Big name investment firms from Vanguard to Fidelity run ETFs but you can buy them from any investment account (ie, you don't need a Vanguard account to buy Vanguard ETFs). If you have some extra money to toss around you can also just play around with stuff. That's how I've been learning, because it's opened my eyes on just how many things factor into the value of a stock and how to do research into companies better. It's been a fun experience so far, though. So far I've only had a wash on a few stocks but I've also made money on others. And the money is doing more for me there than in the savings account where I wouldn't even be close to keeping up with inflation. If you're in the US, there's a program called Acorns that's meant to force you into savings by rounding up all your purchases to the nearest dollar - the difference gets dropped into your Acorns account and then gets pushed in to an investment plan (there are limited options on the plans, they range from conservative to moderate to aggressive and that's about it). For the past few years it's been offering a decent rate of return on investment tbh, but you can get more if you just directly invest into the same things Acorns does by yourself. The advantage here is that it just forces you to put the money in and then you don't have to think about it as much. If you're outside the US, do some research. It seemed like it was not that great for Australian users. --- FFXIV: Lucius Hexenseele (Brynhildr) \| RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting https://letterboxd.com/BMovieBro/ <cite>Hexenherz posted [p:935501084] in Is now a g... [t:78460943]...</cite> <quote>refmon posted... </cite> <quote>how does a total newbie even know what to invest in?</quote> First and foremost, you should look into an IRA or company-operated 401(k) if they offer one with any sort of contribution-matching benefits. People say to max contributions here out, which isn't a bad idea if you can afford it, but even if you want to play around with the stock market on your own you should be contributing a lot of your monthly investment money to an IRA/401(k) first (in my opinion). Like others have said, if you want to do it the relatively simple way, get into mutual funds or ETFs. Mutual funds have a report that tell you who the managers are, what the concept is for investing the money (where they invest it, if it's a conservative or aggressive strategy or somewhere in between, etc.) and you can see the general rates of return for previous years. ETFs are more like stocks, but instead of buying a single company, you're buying into a fund that invests into different companies/sectors/industries within a market. Big name investment firms from Vanguard to Fidelity run ETFs but you can buy them from any investment account (ie, you don't need a Vanguard account to buy Vanguard ETFs). If you have some extra money to toss around you can also just play around with stuff. That's how I've been learning, because it's opened my eyes on just how many things factor into the value of a stock and how to do research into companies better. It's been a fun experience so far, though. So far I've only had a wash on a few stocks but I've also made money on others. And the money is doing more for me there than in the savings account where I wouldn't even be close to keeping up with inflation. If you're in the US, there's a program called Acorns that's meant to force you into savings by rounding up all your purchases to the nearest dollar - the difference gets dropped into your Acorns account and then gets pushed in to an investment plan (there are limited options on the plans, they range from conservative to moderate to aggressive and that's about it). For the past few years it's been offering a decent rate of return on investment tbh, but you can get more if you just directly invest into the same things Acorns does by yourself. The advantage here is that it just forces you to put the money in and then you don't have to think about it as much. If you're outside the US, do some research. It seemed like it was not that great for Australian users. --- FFXIV: Lucius Hexenseele (Brynhildr) \| RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting https://letterboxd.com/BMovieBro/</quote> ... Copied to Clipboard!
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