Current Events > Is now a good time to buy stocks with $50?

(+) Yeah! (+)

I have NO IDEA how this shit works. I want to invest since the recent plunge but I don't know where to start. Please help me

what company do I do? where should I start? How long until I become a fucking' millionaire?

edit: to clarify, I only have $50 in pocket change

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$50? No. There is no point. It's not worth the effort of opening an account anywhere. Put it in your underwear drawer and leave it

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Stock Market math:

On average, the U.S. stock market falls:
10% once a year
20% every 5 years

Stocks are now down 18%. Historically, this has been a productive time to invest for the next 5-1

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deupd_u posted...

$50? No. There is no point. It's not worth the effort of opening an account anywhere. Put it in your underwear drawer and leave it

How so? I might be able to reach $100 but that's cutting DEEP in my spring break funds.

AFrench2 posted...

Stock Market math:

On average, the U.S. stock market falls:
10% once a year
20% every 5 years

Stocks are now down 18%. Historically, this has been a productive time to invest for the next 5-1

I don't get it. so is that a yes?

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yes

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Just stick to a total market index like VTI unless you're actually going to research companies. Even then I'd just stick with the index.
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Yes now is a good time to buy some stock, no matter how little you have to invest. Check out the app Stash, it's only $1 a month

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buy airline, oil and hotel stocks

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wait for more drop. then buy.
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kingdrake2 posted...

wait for more drop. then buy.

he could just set a Limit buy...

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EvalAngell posted...

buy airline, oil and hotel stocks

I'm not sure if you were being sarcastic but those along with cruise line stocks might see the biggest return in the next couple of years if you're going to be investing long term.

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REMercsChamp posted...

I'm not sure if you were being sarcastic but those along with cruise line stocks might see the biggest return in the next couple of years if you're going to be investing long term.

hence why I suggested them. wasn't being sarcastic lol

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AFrench2 posted...

he could just set a Limit buy...

that works too. as long as he gains.
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I'd say wait a LITTLE longer. Things are going to get a little worse before they get any better.

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May as well try and trade shitcoins with $50

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What's a decent stock to go pick up right now?

Questionmarktarius posted...

What's a decent stock to go pick up right now?

Exxon-Mobil
Alaskan Airlines

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I dropped almost 4k in the past 2 weeks on various stocks and their all even lower than what I got them for. I'd go and buy more if I had more money.

This crash is looking worse than the 08 one.

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REMercsChamp posted...

I'm not sure if you were being sarcastic but those along with cruise line stocks might see the biggest return in the next couple of years if you're going to be investing long term.

I hate that I jumped the gun on buying Norwegian, shit keeps dropping.

I was just playing it conservatively/hopping this wouldn't get worse like it's been doing.

Either way still gonna make money, just gotta wait longer now -_-

deupd_u posted...

$50? No. There is no point. It's not worth the effort of opening an account anywhere. Put it in your underwear drawer and leave it

Robinhood is 100% free.

They've been having some issues lately, but... so have the other major companies.


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where do I go to actually buy stocks?

I was thinking $25 to Nintendo, $50 to whatever the top company y'all recommend is

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You don't have money to invest dude.

Just enjoy your spring break

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-Komaiko54- posted...

where do I go to actually buy stocks?

I was thinking $25 to Nintendo, $50 to whatever the top company y'all recommend is

Well, yes, most major platforms such as etrade and TDAmeritrade require a minimum deposit to open an account...as was previously mentioned, you can use ROBINHOOD. It's free, I think it's like 1 cent a trade.

It has some limitations though (for example - it does NOT act as an investment bank for you, so you can NOT transfer money from your bank account and use money floated to you while the transfer is in-progress. You have to wait. Just one example...all major investment banks will float you money during transfers, and when you sell stocks, etc etc.

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Solid Snake07 posted...

You don't have money to invest dude.

Just enjoy your spring break

How much do I need? My total net worth is $300

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Solid Snake07 posted...

You don't have money to invest dude.

Just enjoy your spring break

This

you dont just put $25 towards Nintendo

you buy shares

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AFrench2 posted...

Well, yes, most major platforms such as etrade and TDAmeritrade require a minimum deposit to open an account...as was previously mentioned, you can use ROBINHOOD. It's free, I think it's like 1 cent a trade.

It has some limitations though (for example - it does NOT act as an investment bank for you, so you can NOT transfer money from your bank account and use money floated to you while the transfer is in-progress. You have to wait. Just one example...all major investment banks will float you money during transfers, and when you sell stocks, etc etc.

They'll give you instant access to a certain amount of a deposit while you're waiting on transfer depending on the size of your account

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-Komaiko54- posted...

How much do I need? My total net worth is $300

You need enough money where you can actually budget for disposable income. Right now it sounds like you can't

-Komaiko54- posted...

How much do I need? My total net worth is $300

You should open a money market account and save up an emergency fund that could cover at least two months of expenses.

You have no safety net. People without a safety net panic sell and lose money

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-Komaiko54- posted...

where do I go to actually buy stocks?

I was thinking $25 to Nintendo, $50 to whatever the top company y'all recommend is

Id recommand M1 Finance, it user friendly and has stock portfolios of varies types to suit whatever whatever your preferences are.

Robinhood has been dropping the ball lately so and I've decided to transfer my stocks to them once I've figured out how exactly.

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^But do I need more than 50 tho

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Prismsblade posted...

Id recommand M1 Finance, it user friendly and has stock portfolios of varies types to suit whatever whatever your preferences are.

Robinhood has been dropping the ball lately so and I've decided to transfer my stocks to them once I've figured out how exactly.

Robinhood has been dropping the ball.
But so have most of the major brokerage companies. Fidelity, Charles Schwab and TD Ameritrade were all experiencing issues just less than two weeks ago. People couldn't log on to their accounts, or if they did, it would just show them as having a 0 balance.

So. Not saying Robinhood is a perfect program or anything but I feel bad for them since they're already under more scrutiny than more established companies.

-Komaiko54- posted...

^But do I need more than 50 tho

What are you trying to do with $50 ultimately? Almost anything you buy is going to take a while to go up in value right now.

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Poor people dont get to invest

Fuck you tc
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Hexenherz posted...

What are you trying to do with $50 ultimately? Almost anything you buy is going to take a while to go up in value right now.

I'm just trying to become a millionaire. Or get at least SOME money back and make a profit..

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Well, you have a good idea by putting money away, but a one time purchase of $50 is going to take a while to get any sort of meaningful return on, especially if it takes the market longer to recover.

If you're able to save away more and do it on a monthly basis that's the way to go. And start with an IRA, OR 401(k) if your employer offers one.

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If this topic is serious, no you don't have enough money to make investing worthwhile. If you want to try to score a quickbuck, then as people said you are better off with crypto currency. Just get $50 of Bitcoin or Etherium. They will probably go up wildly when the market recovers since they dropped wildly when it went down. The swings there are very big so you could potentially make $10 or $20 instead of wait 5 years to make $3.

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You don't become a millionaire with $50 with stocks, you do that with crypto

MarqueeSeries posted...

Poor people dont get to invest

Fuck you tc

lmao

Hexenherz posted...

Robinhood has been dropping the ball.
But so have most of the major brokerage companies. Fidelity, Charles Schwab and TD Ameritrade were all experiencing issues just less than two weeks ago. People couldn't log on to their accounts, or if they did, it would just show them as having a 0 balance.

So. Not saying Robinhood is a perfect program or anything but I feel bad for them since they're already under more scrutiny than more established companies.

Robinbood though fucked up during perhaps one of the most pivotal times for investors in years though and many lost out on huge amounts of money either becuase they couldn't invest or withdraw their stocks at the time.

God have mercy on whoever was option trading at the time.

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Tryhaptaward posted...

You don't become a millionaire with $50 with stocks, you do that with crypto

It's kind of true. I actually only have stocks because I got Bitcoin back when it was a joke and then sold it near the peak. I got around $100,000 and invested it in stocks. I don't think that's a thing someone can realistically do now, but your odds of turning $50 into a meaningful amount of profit are definitely higher with crypto.

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Never buy stocks. Stick with mutual funds. Find an index fund that tracks one of the major indices (Total Market, S&P 500, or similar). You don't want to own a stock with so little to invest.

Go to a discount brokerage such as Charles Schwab and get some advice. Most funds have minimum investments. I know some allow $50 deposits, but I don't know how many allow only $50 for an initial investment.

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mrgoatthief posted...

If you don't have at least 30k to throw around it's not worth investing.

This is false

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Tryhaptaward posted...

You don't become a millionaire with $50 with stocks, you do that with crypto

Lmao

Sariana21 posted...

Never buy stocks. Stick with mutual funds.

Bro the stock market is hitting all time highs and I'm NOT supposed to take advantage of that?

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Questionmarktarius posted...

What's a decent stock to go pick up right now?

Waste Management

-Komaiko54- posted...

Bro the stock market is hitting all time highs and I'm NOT supposed to take advantage of that?

You are buying stocks when you buy mutual funds. I don't mean to be rude, but you really should research something before you throw money into it.

Mutual funds are funds you buy into that hold many stocks to give you diversification. Some funds track the whole market while others just the S&P500, etc.

I would recommend just going with ETFs for a small time investor, though. They're very similar to mutual funds but don't have a minimum buy in amount like many mutual funds. VTI, which I mentioned earlier tracks the total market, but there's plenty others out there too.

Fidelity has some good Zero fee mutual funds as well, but you have to have a Fidelity account to buy them. I don't think it has a minimum buy in amount, but I don't hold any so I could be wrong.
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Whats a good app for stocks and shit.

Nothing crazy detail nothing wild, just a good app or 2 to start some shit?

preciate it

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how does a total newbie even know what to invest in?

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Yo how much money can I expect to profit with $50? My plan is to throw the $50, wait till it doubles next week, take out the hunnit and invest it in more stuff.

Master_Bass posted...

but you really should research something before you throw money into it.

That's what I'm doing with this thread

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-Komaiko54- posted...

Yo how much money can I expect to profit with $50? My plan is to throw the $50, wait till it doubles next week, take out the hunnit and invest it in more stuff.

That's what I'm doing with this thread

Look onto penny stocks if your trying to gamble. No way to double 50 bucks unless the stock is super cheap and volatile

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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.

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