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  • There’s some of us here really grinding to invest, start businesses, save money, hustled etc

    I’ve been investing for maybe 6+ years now (just turned 23)

    If you aren’t doing something which your money you should start ASAP.

    We can talk about wins and losses, strategies, etc

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  • Steezus

    I invested my life savings into your moms onlyfans, hoping for a good return

    How’s that going for you

  • The best investment is in yourself

  • Quasar

    There’s some of us here really grinding to invest, start businesses, save money, hustled etc

    I’ve been investing for maybe 6+ years now (just turned 23)

    If you aren’t doing something which your money you should start ASAP.

    We can talk about wins and losses, strategies, etc

    That’s good that you’ve been saving up that long already, considering you’re only in your early 20’s

    Do you have Roth IRA opened yet?

  • GhostDeini718

    That’s good that you’ve been saving up that long already, considering you’re only in your early 20’s

    Do you have Roth IRA opened yet?

    No I don’t. I’m in my senior year of college so I haven’t started working quite full time yet.

  • Couldn't save anything but invest into my education for the college years. Learned a lot to get to the job I'm in now, so now I'm trying to invest in my art knowledge then coding and business next year to make bigger moves. I threw almost 1k into robin hood and s***s returning almost $700 in value rn, so I'm just holding for the long term.

  • Quasar

    No I don’t. I’m in my senior year of college so I haven’t started working quite full time yet.

    You should definitely look into Roth IRA, it’s a great investment vehicle.

    You could still contribute for the year 2019 to Roth IRA till July 15

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  • GhostDeini718

    You should definitely look into Roth IRA, it’s a great investment vehicle.

    You could still contribute for the year 2019 to Roth IRA till July 15

    I'll have to look into this

  • What do y’all think of Robinhood? I put a little money into it but I don’t really know what I should start buying. Any tips? I’d also like to know a bit more about IRAs specifically Roth ones

  • I wanna start playing in options but I’m not confident enough in my market predictions

  • bossyyyyy

    What do y’all think of Robinhood? I put a little money into it but I don’t really know what I should start buying. Any tips? I’d also like to know a bit more about IRAs specifically Roth ones

    Robinhood can make you a millionaire or make you dirt broke

    see: www.reddit.com/r/wallstreetbets

  • Castle

    I wanna start playing in options but I’m not confident enough in my market predictions

    Lmao that’s basically gambling
    No one could predict how the market will move
    You might get lucky few times but you will also take L numerous times.

    That’s why I’m still hesitant to try options, but maybe will later on with small amount.

  • bossyyyyy

    What do y’all think of Robinhood? I put a little money into it but I don’t really know what I should start buying. Any tips? I’d also like to know a bit more about IRAs specifically Roth ones

    It's what I started trading on and what I still trade on.

    TBH Robinhood changed the game because they made trading accessible for literally anyone and everyone.

    But that also is a double edged sword because anyone with no knowledge whatsoever on the markets can lose their entire life savings in an evening. Not that you can't do that other ways like doing it through a brokerage or something, but it's a lot easier when all you have to do is download an app.

    Robinhood may not be the safest way to start investing, but I will say it's the best way to learn because you learn first hand without no greedy "advisor" trying to get to you to put money in their pocket.

  • Castle

    I wanna start playing in options but I’m not confident enough in my market predictions

    I've lost upwards of 5K in options. TBH back then I was doing it without knowing much about how options work in general.

    Options can be very very secure if you have A LOT of capital.

    Where people lose money and lose it fast is when they bet on a call expiring in a week o two and invest almost all their money into it. More times than not they lose near all of it.

    I promise you if you invest in a long term call Apple call expiring in a year with a decent break even price (which cost a lot of money) you'll make a lot of money.

  • shane

    Robinhood can make you a millionaire or make you dirt broke

    see: www.reddit.com/r/wallstreetbets

    Bet bet

  • GhostDeini718

    Lmao that’s basically gambling
    No one could predict how the market will move
    You might get lucky few times but you will also take L numerous times.

    That’s why I’m still hesitant to try options, but maybe will later on with small amount.

    I’d recommend every trader set aside at least some money for options.

    After I save some more for my portfolio I’m dedicated a G or 2 for day and options trading.

    If you set aside a limit that you’re not afraid to lose you can be risky and make some big gains. And if you lose it then o well.

    It’s at least a good way to learn about the market imo.

  • Quasar

    It's what I started trading on and what I still trade on.

    TBH Robinhood changed the game because they made trading accessible for literally anyone and everyone.

    But that also is a double edged sword because anyone with no knowledge whatsoever on the markets can lose their entire life savings in an evening. Not that you can't do that other ways like doing it through a brokerage or something, but it's a lot easier when all you have to do is download an app.

    Robinhood may not be the safest way to start investing, but I will say it's the best way to learn because you learn first hand without no greedy "advisor" trying to get to you to put money in their pocket.

    What are some good resources to learn more about investing? I see my free stock is doing quite well, It’s gone up a couple bucks

  • bossyyyyy

    What do y’all think of Robinhood? I put a little money into it but I don’t really know what I should start buying. Any tips? I’d also like to know a bit more about IRAs specifically Roth ones

    just open an ameritrade account

  • bossyyyyy

    What are some good resources to learn more about investing? I see my free stock is doing quite well, It’s gone up a couple bucks

    Investing may the the one thing where the only way to really learn about it is to trade.

    It’s quite simple - ‘I think this company will do well, let me buy some stock’

    The thing is that their are millions of nuances involved in that simple action that you can only learn as you go.

    Once people get really really good at trading they recognize trends and start to look at the market like a big game. That’s the guys you see making charts and graphs and etc.

    But most people in the market stick to gut feelings and controlling their emotions.

    If there’s one thing you do have to “study” it’s all the terms involved. And I did that through watching YouTube videos and reading articles.

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    I prefer holding for the long term as opposed to trying to time the market. Index funds etc

    Also I have a Roth 401k since I am forecasting I will be in a higher tax bracket later in my career.

    and I aalso have an ESOP account

    Going to contribute to an IRA as well at some point but I wanna pay down my school debt before I do anymore

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