hi, im 19f and inherited about 2mil from my parents who both died in a drunk driving accident last year. whats the best way to invest this money/what is the best way to learn about my finances? i know stock trading is good, but what is the best way to learn how to trade stock?
if this is genuine, then that is more than enough to invest. forget trading buy some good stocks and live off appreciation and dividends, forget leverage and trading. others might tell you to trade crypto, if you must, set aside a decent portion for trading
Xavier Fisher
look at individual stocks and use the CANSLIM method made by william o neil, that can usually outperform the market, it is not short term meaning not worrying about slippage and commisions, it focuses on good company fundamentals using techincals for entrys
Jaxon Long
>what is the best way to learn how to trade stock? By losing money. If you want to be a trader, you must lose money to learn, so that you learn how to lose money better. Trading is one of those things that don't have a lot of theoretical foundations and in which there's no substitute for experience. Or you could invest and take a very fundamental approach. Either way, the current macro environment does not look good.
Chase Phillips
>i know stock trading is good just send me your money whore
Mason Sanders
1 BTC says you were born a dude
Ian Ortiz
Send pic of your moms tits
Jace Richardson
Flow protocol. Just throw it all in.
Michael Wood
/thread
Zachary King
You're a man
Noah Fisher
you subscribe to technical analysis or what? I dont think it works to well. any methodology
Jackson Sanders
Put it all in a company you support and then don't look at it for a year
Michael Sullivan
build a harem of young, asian/white passing shemales and rent them out to the now rich but still completely autistic retard son this board
Subscribe to it loosely, I think it's best used to analyze market participant behavior and psychology, but it's no guarantee. I think strict and deterministic TA is idiotic. It's self-fulfilling prophecies to a certain extent.
Blake Allen
Yeah but then you risk the market disagreeing with your idea and totally discounting it, ive been there before, thats why I the CANSLIM method, its a mix of fundamentals with technicals, but technicals are questionable atleast in my opinion, I just focus on price, some would call it tape reading but either way Im not too fond of looking for shapes in the market like triangle and flags
Dominic Rodriguez
>2 million lmao That's jack shit today.
Julian Lewis
i'm so lonely
Michael Williams
yeah but thats not the part I have trouble with. Half the time those so called "reliable" patterns are made to capture liquidity by forcing other traders out of their position.
Jace Martin
thank you for genuine advice, will consider all of this. being thrown into self-management is super overwhelming.
Juan Lewis
I don't trust patterns at all, part of that deterministic TA I think is stupid.
Daniel Gray
Please give me "jackshit today". Tell me which contact details you need anytime, friend. I'm sure it's no skin off your back.
Caleb Walker
I don't think you should listen to advice from here other than taking the terms people are saying and googling them for your own research
Joshua Torres
look up vanguard and blackrock ETFs, they give dividends which with 1 mil can give you a decent passive income
Anthony Young
Buys zidella.finance.
Trust me.
Jace Smith
just hook up with a man and let him handle tour finances. you'll be all set.
Jace Campbell
why would you need to invest when you could just make tons of money posting your pussy and tits?
Cameron Walker
Ray Dalio's all weather portfolio is probably the best you can get with minimal time invested and volatility of your investment. You need to imagine how you would feel if you suddenly lost 10% or 40% of your net worth in a few days because of something like a lock-down, or a bankruptcy. That's why for beginners who don't like risk the best is to focus on a portfolio with minimal volatility and price variation like the All weather portfolio. You can look up portfolio performance in the past to get an idea of how they performed, but it does not necessarily predict future performance.
Learning to trade takes time and most of the successful traders share the same personality type of being extremely logical and thinking quickly. You need to be strong psychologically to not care what others think and to be able to have your own thoughts and follow them against the masses who are going against you.
John Anderson
so what do you do or use?
Brody Roberts
Hire a good attorney, accountant and financial advisor, I recommend this book as well. Above all do not listen to any of the individuals on this board, they are out for themselves.