@very-rusty saidI don't play, I invest.
The stock market is a very tricky place anytime, but now more than ever. I wouldn't play with anymore than I can afford to lose.
-VR
@huckleberryhound saidOk invest vs the word play, I look at it the same way! 😉
I don't play, I invest.
-VR
@earl-of-trumps saidThe Fed is definitely propping up the stock market right now, that is for sure.
I'd sell, my opinion.
I think the whole stock market is propped up by funny money and when the
inertia has dissipated, the market will suffer sever setbacks with few exceptions.
Things like food stocks should be Ok.
IMO, sell stocks and buy gold. The dollar will sink like a rock.
@huckleberryhound saidOne is always taking a chance investing in the stock market as things can change daily as you know. My cousin is an investment advisor and I'd never take any advice from him. One can't trust anyone as far as I am concerned. You really have to know what you're doing, and some do. I was told to invest in gold by a close friend when it was at 50 dollars many moons ago. I didn't listen, turned out to be a mistake, but I can live with it.
The Fed is definitely propping up the stock market right now, that is for sure.
-VR
@rookie54 saidBig fan of motley fool, market beat, simply wall street, and seeking aplha. Will definitely look at the article. My first three stocks were XOM, WFC, and KO. I was lucky to witness a couple of pump and dumps while I was making my first steps, I think most people do not do any research them blame it on the market when they screw up.
listen to the fool
https://www.fool.com/investing/2020/06/21/got-3000-buy-this-high-yield-dividend-stock-and-le.aspx
@very-rusty saidGet a strategy, get a plan, and try not to think you're cleverer than the market. If you stick with stock like CM (Canadian imperial Bank of commerce) you can take away the lose it all factor.
One is always taking a chance investing in the stock market as things can change daily as you know. My cousin is an investment advisor and I'd never take any advice from him. One can't trust anyone as far as I am concerned. You really have to know what you're doing, and some do. I was told to invest in gold by a close friend when it was at 50 dollars many moons ago. I didn't listen, turned out to be a mistake, but I can live with it.
-VR
@huckleberryhound saidI don't think I am more clever than the market as no one knows where it is going unless you have some inside information on it. I think that is called insider trading if I am not mistaken. I just stay away from it. Some do make some dollars on the Market and good for them. I am just talking about me personally. If you can do well at it good for you as there are many that are very good at it. I still think they have some inside information. The ordinary Joe of course does not, and I am assuming it would take a lot of home work and following the market for years.
Get a strategy, get a plan, and try not to think you're cleverer than the market. If you stick with stock like CM (Canadian imperial Bank of commerce) you can take away the lose it all factor.
-VR
- Joined
- 14 Mar 04
- Moves
- 213582
@huckleberryhound saidSure fire investment. Every quarter it’s record profits.
Sound advice. Do you dabble yourself? I'm guessing Canadian banks, right?
@great-big-stees saidI don't do edgy lol. If i do any speculation, it's very small. (as is my entire portfolio at the moment for that matter). Unfortunately the platform i use does't have the Canadian market, so i have to access those banks stocks from the US. Looking to build a passive income i can accumulate, then pass on. I've crunched the numbers with a very conservative 4%. It's doable. There are still some bargains in the covid climate, as long as you're in it for the long haul.
If investing in “ somewhat edgy stocks” pick a profitable price your comfortable with and put in a sell order at it. The key here is the word “ profit”.