I don't normally like to

[Omeletpants]

Around how much would you recommend to start investing? Serious question. Can pm me if you'd like. Just interested.

Any amount. The trick is to just get started then commit to adding to it on regular intervals. Find a decent mutual fund via a place like Schwab or Fidelity and add 50-200 bucks every month. If you are in your late 20s now you will be blown away by how much it's worth when you retire. Stay committed whether the market rises or falls. If your company has a matching IRA program try to sign up for the max amount. The matching part is free money to you and your portion is untaxed until you retire.

But I would encourage anyone to study that chart and understand the power of the stock market and compound interest, which Einstein called the 8th wonder of the world

 

[Mitchapalooza]

Any amount. The trick is to just get started then commit to adding to it on regular intervals. Find a decent mutual fund via a place like Schwab or Fidelity and add 50-200 bucks every month. If you are in your late 20s now you will be blown away by how much it's worth when you retire. Stay committed whether the market rises or falls. If your company has a matching IRA program try to sign up for the max amount. The matching part is free money to you and your portion is untaxed until you retire.

But I would encourage anyone to study that chart and understand the power of the stock market and compound interest, which Einstein called the 8th wonder of the world

I'm 22 so if I commit to this I will become BILL GATES JR.

 

[Omeletpants]

I'm 22 so if I commit to this I will become BILL GATES JR.

No, but it might keep you from having to eat dog food when you are 65

 

[Mitchapalooza]

No, but it might keep you from having to eat dog food when you are 65

so are these all for long term? like when I'm senile and make trade down threads?

srs.

I'll attempt to read the chart tonight. I hate charts and usually have a hard time understand them.

 

[Omeletpants]

so are these all for long term? like when I'm senile and make trade down threads?

srs.

I'll attempt to read the chart tonight. I hate charts and usually have a hard time understand them.

 

[LordKOTL]

Any amount. The trick is to just get started then commit to adding to it on regular intervals. Find a decent mutual fund via a place like Schwab or Fidelity and add 50-200 bucks every month. If you are in your late 20s now you will be blown away by how much it's worth when you retire. Stay committed whether the market rises or falls. If your company has a matching IRA program try to sign up for the max amount. The matching part is free money to you and your portion is untaxed until you retire.

But I would encourage anyone to study that chart and understand the power of the stock market and compound interest, which Einstein called the 8th wonder of the world

Started my 401k when I was 21. Unless the market crashes harder than a British princess when I cash out, I should be fine.

 

[KittiesKorner]

johnny, if you ever get a 401K, match whatever % your company offers. Free money.

Do rappers get 401Ks, though?

 

[Urblock]

No, but it might keep you from having to eat dog food when you are 65

What kind of dog food? TV ads claim some are pretty good.

 

[Mitchapalooza]

johnny, if you ever get a 401K, match whatever % your company offers. Free money.

Do rappers get 401Ks, though?

Ill be getting 401k per show

 

[KittiesKorner]

well, seriously, at least for plebs like us. it helps.

 

[botfly10]

NASDAQ=the casino of our economy.

If you can afford to gamble and trust the stability of our debt-based fractional reserve banking system, then by all means seek your fortunes.

^ did not click the link

 

[botfly10]

15 years ago I invested in a lot of individual companies with various results. But most of my timelines were very short: form weeks to months. That's reallly a bad way to invest because it requires a lot of timing and decisions based on information the average person doesn't have

Then I got smart and put my money in the hands of professional money managers. My gains have been excellent and I have not suffered some of the losses of investing in individual stock. The most important thing is trusting in them gives you a certain confidence to weather the storms.

The chart is really the proof that investing long term in the stock market offers the safest and best returns long term. Even depressions, recessions, world wars cant kill stock market momenetuem.

If you arent ready to employ a money manager then the best thing to do is pay off your mortgage as fast as you can

You have to remember that chart shows cumulative results. It cannot CANNOT be extrapolated to represent individual gains. Even if the aggregate market always recovers and always yields profit over time, that means nothing for the individual. Volatility on the level of the individual can still mean bankruptcy even while the aggregate is gaining.

Only way that chart can represent individual gains is if you invest in every single stock on the market. Which is silly. In reality, people (or brokers) have to pick and choose individual stocks and thats where you can get killed.

 

[KittiesKorner]

yeah, so for working plebs, always match what your company offers.

 

[Omeletpants]

You have to remember that chart shows cumulative results. It cannot CANNOT be extrapolated to represent individual gains. Even if the aggregate market always recovers and always yields profit over time, that means nothing for the individual. Volatility on the level of the individual can still mean bankruptcy even while the aggregate is gaining.

Only way that chart can represent individual gains is if you invest in every single stock on the market. Which is silly. In reality, people (or brokers) have to pick and choose individual stocks and thats where you can get killed.

You are explaining why daytrading or only buying a couple of stocks can be bad or misleading compared to what the chart describes.

The chart supports the case for diversification which is what a good money manager would advocate. Therefore you significantly reduce the risk you describe.

For example, my money managers have rules about the percentage one stock can be within a portfolio. So, event though someone might love and beleive in Apple the the portfolio has a limitation of Apple stock at under 5%.

Diversification is the way to ride the stock market wave. But the real message is to do some/anything and start when you are young. Time passes fast and social security will not support your lifestyle

 

[botfly10]

Yeah, diversification for sure. But still. The aggregate market doesn't mean much for the individual. A single person or fund can vary wildly from the market aggregate. Funds fail all the time. Not that it means don't invest. Cause thats insane. If you got money, it needs to be in the market.

knowledge and use of the stock market is one of the big dividers between the haves and have nots in this country.