Discussion » Questions » Finance » Have any of y'all ever invested in the stock market? Any advice?
Zack

Have any of y'all ever invested in the stock market? Any advice?

Posted - July 3, 2020
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Responses


  • 53526

     

      Via my Thrift Saving Plan (TSP), I certainly have, but it’s different than me personally trying to select stocks or me personally hiring a broker to select for me. I am by no means any expert at it myself and for that reason would never deign to advise anyone. 

    (Psssst, having said all that, you can always invest in randomrandyddotcom if you like . . . )
    ~

      July 3, 2020 7:39 AM MDT
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  • 7795
    That's exactly what I'm doing, but the no-brainer part is to never invest more than you can afford to lose.
      July 3, 2020 8:08 AM MDT
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  • 53526

     

      Heck, I’m that case, stay away from randomrandyddotcom.  Jes’ sayin’. 

    ~

      July 3, 2020 8:21 AM MDT
    2

  • 19937
    I have a financial advisor who watches over my money, but I also have a "play" stock account that I direct on my own when I find a stock that is under $25 a share and I think it is something that is likely to grow.  It is money that if lost, won't create a hardship for me.  However, I wouldn't give financial advise to anyone else.
      July 3, 2020 7:48 AM MDT
    3

  • 7795
    A stock under $25? I've adopted the same sort of idea. Baby steps I always say. This post was edited by Zack at July 3, 2020 5:40 PM MDT
      July 3, 2020 8:10 AM MDT
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  • 19937
    To me, the stock market is like gambling in Las Vegas.  Never spend more than you can afford to lose.
      July 3, 2020 8:17 AM MDT
    3

  • 11105
    Don't expect to get rich. Aim for slow, long-term growth.
      July 3, 2020 9:25 AM MDT
    3

  • 7795
    I'm starting to realize that. Better late than never.
      July 3, 2020 5:25 PM MDT
    3

  • 17620
    For your very broad question, a very broad answer:  buy low, sell high
      July 3, 2020 5:23 PM MDT
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  • 44654
    I have financials advisors for two accounts. When the virus hit, I thought I was going to have a heart attack when I saw how much I lost. It has since bounced back. The other account actually made money. Advise? Leave it to a pro.
      July 3, 2020 5:43 PM MDT
    3

  • 53526

     

      (Advise Advice)

      I lost $50,000 from my 401k due to the virus and its ramifications. Imagine how many sandwiches and tildes that represe . . . it’s better if I do t torture myself thinking about it. 

      Excuse me, I’ll need a moment to get myself together. I have to go now, sorry. 

    :|

      July 3, 2020 6:16 PM MDT
    0