Stock Market

[B.uneasy]

I am really interested in investing in the stock market. I know there are some very wise, experienced, wide-ranged individuals that participate in these forums. Do any of you have suggestions, or a certain stock that you would really invest in now? I was thinking of "Aurora," a marijuana stock that has a lot of potential for growth.

 

[PABonsai]

I'm assuming you aren't looking for long term stocks? If you are interested though P&G has provided dividends continuously for over 60 years. And last I looked last year it was about 4% (if memory serves me correctly.

Far better than any savings account.

 

[B.uneasy]

I'm assuming you aren't looking for long term stocks? If you are interested though P&G has provided dividends continuously for over 60 years. And last I looked last year it was about 4% (if memory serves me correctly.

Far better than any savings account.

I'm looking for anything smart. If I have to invest in a company that will take forever, but be reliable and only increase my money, then I am all for it! I am currently learning about long term and short term stocks. Thanks for the suggestion!

 

[Meh]

I would discourage you from stock-picking if your goal is to invest wisely. There is a well-established body of literature demonstrating that stock-picking simply increases risk without a commensurate increase in expected returns, and that a low-fee, diversified index fund is the best way to invest in stocks, assuming that investing in stocks is consistent with your risk tolerance and time horizon.

Sorry I know that's a super not exciting answer but it's backed by a mountain of evidence. Sure you might get lucky picking random stocks based on a hot tip, but on average you will be worse off.

 

[Potsofgreen]

Definitely diversify! Depending on your age allocate money accordingly, if your younger place a bit more towards high risk stocks and bonds if your older put more towards medium to low risk options. also diversify in how you invest. I do stocks, bonds, real estate, and i am now investing in precious metal bullion; gold, silver, platinum and palladium. Unless society collapses and we go back to bartering then they are a very safe bet for investing but i only put like 4-8% of my monthly investing towards bullion

 

[Dan92119]

S and P ETF. Reinvent your dividends. One great lesson I learned: buy stocks when no one wants them! Same goes for houses!

I just have my dividends reinvested. I am saving my cash for the next recession.

Depending on your age, have your core safe stocks or ETF’s. Then you can take more risk later. When I was younger I took too much risk and that hurts now. (They say take the risk when younger, you can always earn it back as you get older. That is B.S.. The people that say that are looking at their commissions)

 

[B.uneasy]

So It would be a good idea to buy precious metal stocks, and then go a little risky like marijuana and other high-risk stocks second?

 

[Potsofgreen]

So It would be a good idea to buy precious metal stocks, and then go a little risky like marijuana and other high-risk stocks second?

Not exactly, I’m 28 so I take things a little bit more risky. Say you have $100 for me I put 60 of that towards low risk stocks and bonds which I have the S&P 500 and a couple different bonds that are low risk then I put 20% towards the medium risk stocks bonds and 20% towards the high risk stocks bonds so that would be $20 towards the marijuana stock...and then the gold bullion is separate I take separate money each month and buy bullion directly from places like JM Bullion and APMex... that’s just me I’m by no means a expert

 

[Brian Van Fleet]

Ya know....this is a bonsai site, and there is some really bad bonsai advice freely offered here...so it makes you wonder if this is the best venue for stock tips and career advice. That said, CLM is trading under $12 and pays a $.20 monthly dividend, so that’s fun.

 

[B.uneasy]

Ya know....this is a bonsai site, and there is some really bad bonsai advice freely offered here...so it makes you wonder if this is the best venue for stock tips and career advice. That said, CLM is trading under $12 and pays a $.20 monthly dividend, so that’s fun.

That's hilarious. You never know whos on here though!

 

[B.uneasy]

Not exactly, I’m 28 so I take things a little bit more risky. Say you have $100 for me I put 60 of that towards low risk stocks and bonds which I have the S&P 500 and a couple different bonds that are low risk then I put 20% towards the medium risk stocks bonds and 20% towards the high risk stocks bonds so that would be $20 towards the marijuana stock...and then the gold bullion is separate I take separate money each month and buy bullion directly from places like JM Bullion and APMex... that’s just me I’m by no means a expert

How has this method worked for you?

 

[coh]

I hear bitcoin is a good investment

 

[Potsofgreen]

How has this method worked for you?

I’m stacking up each year, I’m not looking to spend it or anything or make a quick buck I’m just looking to save for retirement...my stock and bond investment comes directly out of my check bi weekly in the form of a deferred comp that is un-taxed until I retire in my 60’s and then my bullion investment is a side thing I just started...it works good for me and it’s money that I don’t even count when I make my monthly budget I just treat it as $$ other then taxes that I can’t touch and I’ve been doing something similar since my very first job when I was 16 with a 401k...but I’ve always been a hustler, selling candy bars in middle school, other “stuff” in high school and now I have a full time career with my side hustle of growing and selling interesting and rare plants and cacti I’m always looking to grow my portfolio but a wise man told me a few months back that if you don’t have gold in your possession all you have is paper and paper can crash so that’s when I started doing the bullion the stock and 401k stuff I learned from my uncle who is now a retired millionaire when in his career he never made it passed a low 6 figure salary but he saved and invested like crazy

 

[Joe Dupre']

My advice: If the person that is telling you which stocks to buy is not talking to you from a lounge chair on his own private island, be VERY careful about listening to him. Fact is, NO ONE knows which stocks will go up and when. The only exceptions would be members of Congress. They can take advantage of of laws that effect stock prices because THEY ENACT those laws. Perfectly legal for them: punishable by imprisonment for us poor serfs.

Get with a local financial advisor that you sit across a table from. Mutual funds are probably the best and the safest form of investments for the general public. That's what my wife and I did 20 years ago. Retired 3 1/2 years ago at 62, bought a house and a new pickup for cash 2 years after I retired. Our accounts are just a touch more than on day one of retirement. Slow and steady wins the race.

 

[Potsofgreen]

My advice: If the person that is telling you which stocks to buy is not talking to you from a lounge chair on his own private island, be VERY careful about listening to him. Fact is, NO ONE knows which stocks will go up and when. The only exceptions would be members of Congress. They can take advantage of of laws that effect stock prices because THEY ENACT those laws. Perfectly legal for them: punishable by imprisonment for us poor serfs.

Get with a local financial advisor that you sit across a table from. Mutual funds are probably the best and the safest form of investments for the general public. That's what my wife and I did 20 years ago. Retired 3 1/2 years ago at 62, bought a house and a new pickup for cash 2 years after I retired. Our accounts are just a touch more than on day one of retirement. Slow and steady wins the race.

Exactly but you don’t need to be a genius or have insider trading knowledge to make decisions, slow and steady wins and that’s why you should always allocate most of your investment to low risk stocks and bonds, even then it’s money that you are not going to miss, you can’t go use your house payment and try and double it on the market because that’s called gambling not saving...then again there is people called market snipers and that’s all they do all day is buy low and sell high but I don’t have the time to keep up with the market that much

 

[PABonsai]

Millions of people lost billions of dollars following the advice of Wall Street just over a decade ago. Don't forget that. Goldman Sachs has been caught telling their clients to sell certain stocks and then gobbling them up after their advised sell off dropped the prices.

Making a basic return isn't rocket science. It only gets complicated because there are so many products and so much automated trading anymore. Trying to play the timing games can really only make money if you devote lots of daily time to it. If you want to play the markets you might as well just take your money and go to a casino instead. It's about as dependable.

That's why as a first suggestion to you I suggested as iron clad a company stock as you can find. It's more or less a great savings account. They are one of the most reliable stocks in existence. Ironically our local York Water Company is up there too for consecutive dividend payments. It is public information, right off their websites.

And yes @Joe Dupre' no one knows what any stock will do, but by that logic investing in nothing is the "safe" bet. However we have seen banks fail and now Europe is charging depositors to hold money. So traditional savings isn't "safe" and we have seen houses burn down so mattresses aren't either. It's just a matter of what is the "best" place to park your money.

 

[SouthernMaple]

I remember when financial advisors told me not to buy AAPL back in 2006 at 10 bucks a share because tech stocks are risky, I would love to see the looks on their faces now.

 

[Dav4]

Invest long term/ buy and hold... index funds... nasdaq.... S and P.... ETFs tend to have much lower fees then mutual funds.

 

[amcoffeegirl]

My only advice is diversify.

 

[Joe Dupre']

"And yes @Joe Dupre' no one knows what any stock will do, but by that logic investing in nothing is the "safe" bet. However we have seen banks fail and now Europe is charging depositors to hold money. So traditional savings isn't "safe" and we have seen houses burn down so mattresses aren't either. It's just a matter of what is the "best" place to park your money."

Correct. Investing in nothing is completely safe. BUT, there are investments , such as mutual funds, which have proven track records and are about as safe as reasonably possible. My financial advisor likened them to one large piece of glass compared to a large frame with many small panes of glass. The one large stock "breaks" and you are in trouble. If a few of the small panes break, you are still in pretty good shape. "OOHhhh, what if the stock market crashes and all your investments are lost and the country descends into another depression?!" In that scenario, NO ONE will have money, or a job, or food or much of anything else.

"Buy low and sell high" sounds simple enough, until you actually put your money on the table and try to make that happen. The old adage applies: How to make a small fortune? Start with a large one.