Hello fellow Public investors.
It's been an interesting week for me. Between home & health life, home budgeting, watching the government house, senate, POTUS drama (worse than being forced to watch daytime soaps (yes, they still are around 🙄)). I have been kept watch over possible investments and reevaluating different positions.
Now I'm no financial expert, nor any guru by any means. Just my experiences throughout the years of what worked well & my downtrend failures I should have known better but took it as an education to "JUST SAY NO" to myself and move to better strategies.
I've seen many queries to where do I start, I don't know what is better or what company will do best. Do I day trade? What is swing trade and what is the difference? What platform is really best? What is a dividend? What is long-term? Smh...
Now I'm not going to put up links to what should be "YOUR" way to investing. That should be YOUR due diligence to research for yourselves, however, I can respond to questions for you to cosider.
1. How much "TIME" do you REALLY have to research to wise investing? Do you work 40 hrs? 5/6/7/8 days straight? Is work/home life hectic weekly? Kids? (have 6 grown & several grandbabies I can spoil, lol). Can you commit to 6hrs daily? 3hrs? 1hr at least? 5days a wk? 3days? 1 at least?
2. Are you looking for a long-term financial future to enjoy later or pass it to your loving heirs/heiresses, or, a quick fix to get a few bucks needed for the month-to-month grind?
3. Can you commit to investing weekly? Bi-weekly? Monthly? On a budget and not beyond your means?
There are more questions I'm sure. These are usually the first three most will only think one or two questions in mind.
Some just go in blind with hopes to get lucky, and very few do. However, most lose out on great possibilities only because they didn't research & learn, nor took the time to find out because of one of the first three real world questions never asked to explore.
For beginners, you don't need to invest in 5, 10, or even 20 companies with fractionals, nor, have 25 or more shares per company to start, whether you choose day/swing trading, or looking for long-term investing (no, you don't need to throw in half your paycheck or even big money/share at a time for results).
There have been some fantastic people here in the Public community who have, by experience, shared their successes, and yes, their mistakes.
@ctsshah , @financepillowtalk , @MakinBacon2021 , @Xander882214 , @sydward , @tcardizzle , not to mention the staff of Public itself, @wctf , @enzo , and others.
All are great resources to help get you started to where the first 3 questions above to answer. Use their experiences to further go into researching where, and what company, you want to build your financial future (hence the word "research" 😉).
A few of the fantastic folks mentioned above have their own YouTube channel, Instagram, and/or TikToks that educate, not tell you what to invest.
With I'm sure most people having a busy life as it is, if you can at least commit to ONE HOUR a day with a minimum 3 days a week, you've already started a good habit to investing (just my opinion, of course).
Note: Sorry for the very long rant. After seeing so many similar questions, I had to get it off my chest. 🙏✌️
#beginner #beginnerinvester #beginnerinfo
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Thanks for the tag 🙏🏼 I personally don’t have much time between my two jobs to watch the market too closely which is why I buy and hold and then add every Friday. Don’t think my boss would like me trying to swing and day trade on the job 😂 but I’ve started putting in $25 to $50 on a swing every once in a while for fun. Figuring how much time you have to invest definitely affects your strategy! Good…See more
Thank you for the tag! I work a 50 hour a week job and have a 4 year old son, I still try and get about 3+ hours on here and for reasearch a day, but that amount varies.
@sydward Have you considered setting a limit sell/limit buy for your swing trades? Good way to do those swings when you can't actually be on to do them.
@sydward , you're welcome. And thank you for your input.
Lol. I'm sure your bosses would definitely be frowning seeing the buy & sell button flying on the comp. Not good for advancements. 😂
Appreciate the tag. I’m old fashioned and enjoy reading hard copy books that I can highlight and annotate. To all new investors I always recommend the same book
“Starting Point: How To Create Wealth That Lasts” https://amzn.to/3acHX4m
Literally best $10 investment. There are 7 chapters that are easy to read and understand. Could finish a chapter a day in a week no problem and have a solid bluep…See more
You're welcome, @Xander882214 . And thank you for your input.
Everyone I mentioned on the post, I do read, watch on their channels, read their blogs, etc. As much I can to catch up.
Y'all are great influencers to learn without real bias (for the most part, lol).
Your challenge this month, personally, is a great inspiration to St Jude's. One I give consistently. 🙏
@ReRo0921 I appreciate the shoutout!!
Your welcome @ctsshah . And thank you for the input.
It's appreciated to share information, especially when it comes to books. I have a good library at home & love to read, myself.
Thank you for the link for the book. 🙏✌️
You're welcome, @MakinBacon2021 .
Your posts have been informative & entertaining. Not just for Investing but fun off topics. Lol.
All mentioned are great folks to follow.
🙏✌️
Absolutely fantastic post. Thank you for all the insight and wisdom. ❤️
Havoc@7TX
Don’t worry about that 📈
You're welcome, @RacieLinx . And thank you for the kind words.
My wisdom only came from real insightful knowledge of others.
🙏✌️
My word, @nvknows , my apologies. I knew I was forgetting another good source for good content information.
Check her out, folks.
😬🙏✌️
@ctsshah any chance of starting a book club with that? 😁😇
@ReRo0921 Don't forget the 3 f's. How well you handle fear, FOMO, and FUD. Plays a huge role in how to invest.
Everyone’s situation is different. You need to set goals, budget what you can afford to lose, do research, take advice from people with proven track records. You don’t need to spend hours a week researching and reading. An hour here an hour there. I like to look for opportunities in what I believe to be undervalued stocks trending downward, as well as companies I believe in that fundamentally appe…See more
@jackiemonster 😂the book club was one of my first attempts on here and it flopped and that was the book
@ctsshah that’s too bad - I so would have joined! I will keep an eye out in case you decide to give it another go. There are a ton of new people 👍
@jackiemonster that wouldn't be a bad thing, tbh. @ctsshah , success is not based on the amount of flops you get but the ONE lucky break you can build. Lol
'Never give up, never surrendered!' Buzz Lightyear. 😂
Thank you for the insight, @CashReaper .
That actually would be the next steps to beginning investors to educate on.
Great call. 🙏✌️
@ReRo0921 😜"Never give up, never surrender ... Galaxy Quest"
@ctsshah I literally just quoted Galaxy quest on here like a week or two ago 😂
Thank you for your input, @reef89 .
All great points for beginners to consider to be successful. There are steps in knowledge I'm sure you yourself did and the learning curves to do well. Agree, everyone's situation is different and there really isn't a one size fits all approach to investing. Especially to the individual's personal finances & risk comforts.
Very happy you chimed in. 🙏✌️
@ReRo0921 happy add my input. There is so many moving pieces in this game. Great post/thread 🙌
@ctsshah 🤣🤣🤣 Oh my gosh, you're correct! My mistake.
This is what happens when you helped raise 6 babies, now grown, and all of them have had different likes and dislikes throughout the years.
Always confusing one for the other. At least I got the voice of Tim Allen who said it.
Thank you for the correction. Lol
@ctsshah I actually got started with the hard cover book "Unstoppable Prosperity ", written by Charles Payne.
@CashReaper when you finish let me know if it is worth the read
@CashReaper , thanks for the new book idea.
I actually watch Mr Payne on the Fox Finance news channel off and on. Didn't know he had a book out.
Enzo@enzo
@ReRo0921 Thanks for the shoutout (and sorry for the delay... missed this notification)! I love seeing the collaboration in the Public community, and I get to learn so much from all of you! Thanks for being awesome everyone!! 🤑
You're welcome, @enzo . And thank you for the the input. (no worries on the delay)
I agree. The Public community has grown together to help one another in our financial, and sometimes personal, growth.
So far, for the most part, this app has been better at personal communication without the spamming of stocks to pump & dump or scam in a useless stock/product for their gains.
I know it is difficult t…See more
