Investing General Discussion

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Sludig

Sludig

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So pretty happy with my dabbling in crypto even if I'm down a little. Been reading this thread for the last couple months and I'm still too scared/lost to even begin to take my $350 (thanks fidelity for a free $100) and throw it in anything. Next year really want to work towards maxing my 401k. We get paid ~$750 a month in health and wellness that pays for our insurance and the leftover goes to 401k, I've gotten onto my wifes plan so I'll get that full 750/month into 401k and probably add some of my own.

Torn just take my $350 (less than a crumb I know) and buy extra toys, throw it in meme DWAC, or some other high risk individual stock? Seems like some S&P 500 like ETF would just be boring watching it compound so slowly over time from such a small initial investment and all the current market uncertainties makes me worried it and my 401k increases are just going in before a huge fall potentially.
 
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Furry

Furry

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Sludig said:
Torn just take my $350 (less than a crumb I know) and buy extra toys, throw it in meme DWAC, or some other high risk individual stock? Seems like some S&P 500 like ETF would just be boring watching it compound so slowly over time from such a small initial investment and all the current market uncertainties makes me worried it and my 401k increases are just going in before a huge fall potentially.
Click to expand...

I'm a firm believer that you should splurge on something you want and that brings you joy on Christmas. Tis the season to make a dumb investment.
 
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Sanrith Descartes

Sanrith Descartes

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Sludig said:
So pretty happy with my dabbling in crypto even if I'm down a little. Been reading this thread for the last couple months and I'm still too scared/lost to even begin to take my $350 (thanks fidelity for a free $100) and throw it in anything. Next year really want to work towards maxing my 401k. We get paid ~$750 a month in health and wellness that pays for our insurance and the leftover goes to 401k, I've gotten onto my wifes plan so I'll get that full 750/month into 401k and probably add some of my own.

Torn just take my $350 (less than a crumb I know) and buy extra toys, throw it in meme DWAC, or some other high risk individual stock? Seems like some S&P 500 like ETF would just be boring watching it compound so slowly over time from such a small initial investment and all the current market uncertainties makes me worried it and my 401k increases are just going in before a huge fall potentially.
Click to expand...
I think you are looking at the wrong approach. Just because its $350 doesnt mean its not worth investing. $350 invested at 10% annual would produce nearly $15,000 after 40 years. Invest the money and let it begin making money for you.
 
Blazin

Blazin

Creative Title
<Nazi Janitors>
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Missed my $105 buy on MDT this morning by 0.02 feel like such a Sanrith, wasn't watching order. Too busy posting on a technology/gaming forum for old men.
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
Missed my $105 buy on MDT this morning by 0.02 feel like such a Sanrith, wasn't watching order. Too busy posting on a technology/gaming forum for old men.
Click to expand...
Dont blame me, you should have used some odd number of pennies in your limit order like Fogel Fogel does.
 
Sanrith Descartes

Sanrith Descartes

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I just had an ancient price trigger I had forgotten about pop up. BIIB dropped below $225. Remember them with the 5 bazillion dollar Alzheimer treatment? Oh how the mighty have fallen...

1638459721267.png
 
Jysin

Jysin

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Dip buyers getting gut punched this morning. Interesting dynamic playing out.
 
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Zog

Zog

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Sludig said:
So pretty happy with my dabbling in crypto even if I'm down a little. Been reading this thread for the last couple months and I'm still too scared/lost to even begin to take my $350 (thanks fidelity for a free $100) and throw it in anything. Next year really want to work towards maxing my 401k. We get paid ~$750 a month in health and wellness that pays for our insurance and the leftover goes to 401k, I've gotten onto my wifes plan so I'll get that full 750/month into 401k and probably add some of my own.

Torn just take my $350 (less than a crumb I know) and buy extra toys, throw it in meme DWAC, or some other high risk individual stock? Seems like some S&P 500 like ETF would just be boring watching it compound so slowly over time from such a small initial investment and all the current market uncertainties makes me worried it and my 401k increases are just going in before a huge fall potentially.
Click to expand...

I find trading fun, with such a small amount of money even a 20% loss its like $70, nothing to worry about but at the same time, you can make 1-5% a trade and get a little dopamine hit every once in a while, just play it like a game. It's almost impossible to lose it all if you're dabbling in top companies anyways, at most a "blood bath" for people with millions invested is literally a trip to mcdonalds for the average family these days for you.
 
Sludig

Sludig

Potato del Grande
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Sanrith Descartes said:
I think you are looking at the wrong approach. Just because its $350 doesnt mean its not worth investing. $350 invested at 10% annual would produce nearly $15,000 after 40 years. Invest the money and let it begin making money for you.
Click to expand...
But on what is where I fall apart and get crippling indecision.
 
Zog

Zog

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Sludig said:
But on what is where I fall apart and get crippling indecision.
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Also to add on to this and my last post...you'll never learn until you get your hands dirty, better to make mistakes with $350 than try the same with $10000 or more. The crippling anxiety you'll feel with more money will destroy any rational thought process you would have with getting used to the swings. You dont even have to use all $350, just use the free $100 you got and dabble with that.
 
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Moglyzoke Moogleman

Moglyzoke Moogleman

This Site Sucks Hairy Asshole
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Zog said:
Also to add on to this and my last post...you'll never learn until you get your hands dirty, better to make mistakes with $350 than try the same with $10000 or more. The crippling anxiety you'll feel with more money will destroy any rational thought process you would have with getting used to the swings. You dont even have to use all $350, just use the free $100 you got and dabble with that.
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This. My 35k I put it feels like an expensive fucking tuition others could learn at 1k.
 
Furry

Furry

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My stuffs green on a whole. I feel like someone's words could just punt this market higher suddenly, so I can't see myself going cash in the era of short-term inflation.
 
Zog

Zog

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Cathie wood bought millions of shares of twitter, don't do that lol
 
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Sanrith Descartes

Sanrith Descartes

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Sludig said:
But on what is where I fall apart and get crippling indecision.
Click to expand...
Either pick the QQQ or pick a high quality name. The odds over many decades of a WMT, MSFT or JPM not being around when you retire is pretty slim.
 
Furry

Furry

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Whenever I have spare cash that's just waiting, it gets tossed into the S&P unless the timeline to use it is less than 6 months or so. I don't mind a small slush fund in my bank of around 1-5k. It lets me splurge when I feel the need. At the end of the year I let it swell to the high end, mostly because Jan 1st I'm gonna drop-kick my Roth IRA.
 
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