to all of you starting out i suggest you use the next few weeks to study stock terms, financial statements, chart reading, find several stocks that'll survive this that you want to invest in and stack your money.
don't rush to jump in this right now.
and don't use robinhood!
first of all, get fidelity. not robinhoodAlso, what time do we need to be UP AND READY for stocks? Should it be the first thing we check at 7am?
Any podcasts you guys listen to? Where's the best place to look for terminology? Things I've been hoping to get answers for:
1. How to build a dividend portfolio?
2. Are Fractional investments worthwhile?
3. Is Robinhood Gold worth considering?
4. Seeking Alpha -- is this a good source of research?
5. For those starting out, what's the percentage people should be putting in on stocks for their pot. Say if they start with $50, what % should they focus on actually using, versus blowing it all at once?
Thanks Fellas.
Probably should get on Exxon soon might jump after that meeting.
For me personally, I'm not here to get rich quick. With a baby on the way, I wanted to have something grow, and give something to her that's also a hobby of mine in the meantime.first of all, get fidelity. not robinhood
second of all, whats your goal and how quick do you want to make money. because the quicker you want to make it, the less likely it is youll succeed. not that you wont be able to
word, then id say just get fidelity and buy 2 index funds, FSPGX and FXAIX. throw in as much as you can at the end of every monthFor me personally, I'm not here to get rich quick. With a baby on the way, I wanted to have something grow, and give something to her that's also a hobby of mine in the meantime.
I dont mind getting the penny stocks to toy around with and get my feet wet either, just want to be certain I'm not biting off more than I can chew.
What do we use if NOT Robinhood? We need the tools. What are the apps we can use? Some sites to use.
For us who plan on sticking with Robinhood, what's the vitriol everyone on here has about it? Seems like the only people I've seen talk bad about it have talked stocks like Tesla, Apple and the three digit buy in stocks. Not everyone is balling out the gate.
Give us some sources, please.
robinhood is very limited in research tools, features, customer support and the app has a lot of technical issues from my experience. the simplicity is nice but after switching to TD Ameritrade i wish i did it sooner because their customer support is 100x better and the info they include is 10x better. if robinhood fit your needs then it's fine to stick with them, but i wouldn't trust my money with a company that's not reliable.