DwightsEgo

BDR Manager

Getting into investing, stocks, etc

I have a portfolio with a portfolio manager, but any advice out there on how to get started on your own? I feel like I want to get involved but just dont really know where to start or what to do..

🐱 Off-Topic

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salesnerd

WR Officer

Head of Growth

Decide what you want to do:

1) Fuck around with stocks, learn stuff: download Robinhood (or a Robinhood alternative, fuck those guys) and drop a thousand bucks or whatever you're comfortable losing in the account. Do some research on some stocks, buy, sell, etc.

2) Actually make money in the stock market: go to a real broker (I use Merrill Edge) and put in as much money as you want. Put 70% of your money in ETFs (SPY, VTI, VOO), 20% into big company stocks (GOOG, NFLX, PG, AAPL, etc.), and 10% into wonky moonshot stocks (COIN, CLNE, ASRT, GNRS, THCB, etc.)

1nbatopshotfan

Politicker

Sales

Read “The Little Book of Common Sense Investing” by John Bogle, and then invest in mutual funds, without an advisor, that have the lowest fees possible.

E_Money

Big Shot

💰

DOGE COIN BABY. I made like $2000 in the last 48 hours

lol but yeah.. I don't know shit about actual investing

CuriousFox

WR Officer

🦊

$1.69 baybeeeeee

rekled

Opinionated

Strategic Account Executive

I tried my hand at full-time retail trading for a few years.

1. Research is definitely key, but with specific emphasis on the market you want to trade.

2. Get to know yourself inside / out. Know what motivates you to trade - layout your specific goals. Are you the type of person that can remain committed, or do you bailout at the first sign of risk.

3. Be comfortable with knowing the money that you're trading can be lost.

4. While there are pros/cons to this approach, use a trading simulator for a period of time to test your trading methodology and timeframe that you're intending to trade. If you cannot make money in a simulated environment, you will likely not make money in a real trading environment.

5. Plan your trades (to include entry, stops and exists). Otherwise, randomness will only lead to random results.

Blackwargreymon

Politicker

MDR

A ton of research first. I don't think you need to understand all the math and numbers behind it, but there is plenty to learn about general portfolio recommendations for how much of what you have.

Clashingsoulsspell

Politicker

ISR

Fuck around with stocks, learn stuff: download Robinhood (or a Robinhood alternative, fuck those guys) and drop a thousand bucks or whatever you're comfortable losing in the account. Do some research on some stocks, buy, sell, etc.

Telehealth_2the_Moon

Notable Contributor

Director of Business Development

A ton of research first. I don't think you need to understand all the math and numbers behind it, but there is plenty to learn about general portfolio recommendations for how much of what you have.

It also depends on your personal finances (ex. Do you have a good safety net fund already? Where do you stand with different types of debt?) and your goals (long-term growth/retirement type things or try and make money). Both of those impact the other.

What type of goals do you have for investing?

DwightsEgo

Politicker

BDR Manager

Yeah the research side of it is what has really kept me away. I guess my goals would be to "make some money" but ultimately pass the time. Maybe investing aint it haha

SADNESSLieutenant

Politicker

Officer of ♥️

fk a portfolio manager no cap, get control of your investment, invest in companies you believe in, ie. apple, slack, zoom, salesforce, and companies you believe will grow ie. ai space, big data space, electric space, cloud space, crypto space.

Identify your goals, short term, long term, exit strategy etc.

I personally like to dip after 4x and throw into something with more momentum but if you have enough cash and longterm goals let it sit otherwise identify what price you want to enter and what price you want to leave and why, get into graph analysis, averages, learn about head and shoulders, bull flag, etc. get familiar with trends and trend averages.

Analyze company earnings as well to determine if they are financially fit

if you want big returns you need either a big risk, alot of money playing, or alot of time in the market, most of the time its a combination of the three.

Im no genius but I did double my parents life savings account by age 18

DwightsEgo

Politicker

BDR Manager

hm this is interesting and compelling...Definitely need to do more research, but I dig your mentality

JDialz

Politicker

Chief Operating Officer

If you think professional advice is expensive, wait until you see how much free advice costs.

MR.StretchISR

Politicker

ISR

Read “The Little Book of Common Sense Investing” by John Bogle, and then invest in mutual funds, without an advisor, that have the lowest fees possible.

Mr.Floaty

Politicker

BDR

reps or is it seen more as a warning that you're going to get fired?

Cyberjarre

Politicker

BDR

I noticed immediately how important it was to keep 1:1s and sometimes increase them to multiple times a week. Some of my reps thrived in the WFH environment and some needed extra help.

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DwightsEgo

Getting into investing, stocks, etc

15 comments

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