>be me > turn 18 > coronavirus hits > watch the economy suffer, and then pickup > notice that all stocks went down but went up again > realize I could have made some money had I known about the stock market a couple months ago
Therefore, I want to learn. I understand Zig Forums isn't the greatest place but at least y'all are straight up.
I don't even know where to start my education. There's no sticky or FAQ like they have over at Zig Forums. I've been reading about investing, ETFs, Mutual Funds and all of that but I still feel overwhelmed by the amount of info on here. Tried going through this board but every second post is about cryptocurrency which I also don't know about (which I am eager to learn about)
Now that school has ended I want to learn and open up a portfolio now that I am old enough. Would one of you kind anons please help me GET STARTED, like provide a reading for a complete fucking beginner.
Got a discord? I'm about the same age, trying to learn too but have no friends that are even remotely interested in this shit outside of one guy buying disney stock on fucking robinhood.
Buy high sell low Dont swing for low profits Bad thing in news = down then later up Good thing in news = up then later down Congratulations, you are smarter than 90% of all biz monkeys
Connor Barnes
>buy dips >dont not buy dips There you go. That's literally the whole thing.
it appears that is a for of cryptocurrency which I see is a hot topic on here
what makes it separate from BTC? I thought BTC ruled all the cryptocurrency
Jaxon Moore
>be a zoomer >first generation to have access to unlimited amount of info my whole life >somehow don't know what stock market is >coulda, woulda >want in now
Hear that dear bulls?
The kid just heard about the stock market and wants a piece of the action!
Still want to be holding right now? Or is this not a sign we're reaching the peak of this cycle?
By the way kid, just buy some silver for now while you learn about picking stocks. Then in a couple years you'll have enough money to make it worth it. And you'll have waited long enough to get in a decent prices.
You're welcome. You can thank me later.
Nicholas Morales
guy seems really invested in Tesla. Actually, I was looking at Tesla's stock prices the other day which was actually inspiration for this journey into trading. For example if someone had bought Tesla stock when the market crashed and sold it now they would have had great returns.
Shit, if someone had bought stock before SpaceX and sold after SpaceX they could have made money. I was literally thinking to myself the other day "huh maybe Tesla stock will go up because Elon Musk" and now that I've seen it happen, and how easy the money can be sometimes, I want to get into it
You linked me a whole channel though, any beginner videos?
Levi Campbell
i know what the stock market is, but obviously any retard can't go and buy whatever stock he wants and be successful without understanding concepts such as mathematical trends and stuff and knowing when to buy/sell which I want to learn.
I feel like a market crash is coming so I want in when it goes to an all time low
Nathaniel Williams
I'd suggest finding Robert Shiller's Coursera course. It's free if you select the option to audit the course iirc. It's a very good introduction.
Also most people who actually work in finance don't know shit either. It's really a sales industry to attract other people's money. Low cost ETFs have become popular for this reason, since the vast majority of fund managers can't beat basic indexing after taking into account their fees.
Nicholas Lee
dude thank you so much. This is potentially what I'm looking for, and the lucky digits means it probably is.
I learned that ETFs are self trading so it's low management, and it's like buying into an industry so you can buy across multiple businesses at once.
When you say the vast majority of fund managers cant beat basic indexing after taking into account fees, do you mean that: - because of the fees associated with hiring a manager, you are better off doing it yourself?
Jayden Brown
alright biz, that enough normie for me any good chans not ruined by redditfags out there?
Most day traders end up making less money than people who just buy and hold... Or so the conventional wisdom says
Thomas Brown
don't ever say "y'all" again. buy chainlink and hold.
Jayden Collins
Look up John Bogle and his research on it. He's kind of looked down on here as a bit of a boomer since we're living through unprecedented times right now, but certainly it was true for it's time.
Basically you could just pick a bunch of the S&P 500 (the 500 biggest US listed companies), invest proportionally to their size, and you'd already beat the vast majority of fund manager's after fees. That's down to a combination of the high fees and the fact that most simply aren't doing anything worthwhile. Lots of stock picking strategies are no more effective than reading chicken bones.
I read another paper that suggests the best explanation for stock market behaviour is a random walk with drift. Basically a long term trend with a shitload of meaningless noise over it. I'm not entirely convinced, but it does tie in with the idea of not picking individual stocks yourself, instead having a highly diversified portfolio which smooths out the noise and just gets you that long term upward trend.
I'd be careful about trying to get in at an all time low also. If a massive recession happens, part of the reason shares crash is because people can't afford to buy any when they're unemployed, and have to cash out instead to pay for emergencies. I tried to do the same in 2008 and ended up having to sell everything to survive while I fought with 1000's of other applicants for unpaid internships instead. If you're only 18 your best investment will be into a good career rather than the little returns you might be able to scrape together on an 18y.o's salary.
Christian Hill
curious, was BTC popular on Zig Forums before it blew up?
Christian Allen
that's what I was reading from NASDAQ. "Smart Investors stay on for the entire ride" or something like that. Plus, if I'm gonna use a platform like TD Ameritrade which incurs fees on a trade, I guess I should stay away from frequent trading. Plus, I'm a student so I really don't have a TON of time for day to day market research although I can sink that time in currently
Jaxon Baker
It does and still is. Word of advice, never invest in altcoins. Do your own research. Don’t invest what you’re not willing to lose When you get in early on a project, buy a stack and hold, but don’t buy the pumps. The idiots who bought BTC at 10k yesterday are feeling shit now at 9400
Levi Walker
>hold how long user? more or less? when to sell
Julian Torres
BTC is a viable option but it’s already got plenty of normie money in it so your potential gains are going to be less. Besides, BTC is useless and will never have decent implementation. Link has real world use case, is still relatively new, is not overbought, and has room to grow. Read the white paper, do your own research
Aaron Young
you're clearly a brainlet, Zig Forums is exactly the greatest place
Hudson Harris
Also, buy real stocks. Robinhood, etrade, Ameritrade(?), take your pick.
If you hate Know Your Costumer, your fucked since pretty much everything uses it. At best, you could use some exchange like IDEX with a VPN if in America or ProBit or some other exchange with coins not available everywhere.
Logan Price
>lots of stock picking strategies are no more effective than reading chicken bones
Interesting. Honestly I'm pretty up to date with the news and what's trending so I feel like I have a good idea of which companies will succeed and which won't.
On your point about buying in on an all time low, I feel like my situation is kind of different. I don't have any tuition to pay so I'm not tight on the money situation. And I'm not trying to make hundreds of thousands of dollars over this and make it a full time career. Like right now, making a couple extra hundred to buy some vidya and shit would be the best thing ever, that's the kind of (fortunate) situation and life I am in
William Thompson
Link makes it possible for smartcontracts to interact with and/or trigger events in the offchain world (real world) in a trustless and secure manner start by reading the whitepaper Also word of advise : don't believe anything Zig Forums says, starting with my post DYOR OP
William Bailey
>assuming you’d have made the right trade I have been in stocks for ten years actively trading and I lost 50% of my net worth shorting at the wrong moment
Andrew Walker
You hold as long as you like. When you sell is up to you. If you bought somewhere halfway through the pump, you probably want to sell what you think is the top. Problem is, many people buy the top.
Alexander Turner
yes, and ETH
Xavier Rivera
>never invest in altcoins good advice if you already have a $5m net worth
Caleb Murphy
>buy the pumps I didn't know what this meant so I googled it. Does this mean buying stuff when the value is (falsely) inflated by investors? That seems kind of obvious, but I guess that's always the case from the outside looking in
Gabriel Lopez
chainlink is what will bring real adoption to crypto. in 5 years you will look back at this post and see you didnt buy link then kys because you lost out on millions.
Leo Fisher
SAVE YOUR LIFE INVEST IN BOLAWRAP
Hunter Jenkins
Pump>stonks go up-green Dump>stonks go down-red
Kevin Johnson
in other words, investing or easy money is only for the wealthy
Nathan Kelly
honestly just read everything on investopedia in "education" and you'll be more knowledgeable than 90% of Zig Forums
Xavier Hall
yeah I was looking at Ameritrade. They've got a corporate office right near my house, and also they apparently have great educational resources for brainlets like me
Kayden Brown
shit, even buying when bitcoin first appeared in Mr Robot would have been a big blowup
Henry Hernandez
i am actually reading that just now. Seems like something that would be linked in a sticky
