Skip to main content

Minority Mindset Community
Network with other Minority Mindset thinkers.

Tagged With "Stock Market"

Tagged With "Stock Market"

  • Buying A Home
    It's been a crazy year for home-buying, especially if its your first time doing so. I'm just curious: If you've bought a home this year, what's been your experience with that? Has the pandemic truly effected the options/process?
  • Topic Reply
    @Steve Awesome advice! Looking at every nook and cranny of a home is definitely a must of ALL home-buyers, not just the first-timers. Since you're a realtor, have you seen any of these buyer habits change because of the pandemic? (Are people buying houses faster, and sometimes ignoring the things you listed, because of the "speed" of the market, etc.?)
  • Topic Reply
    I advocate that Buyers smell the homes. Give it a sniff-test, or if considering remotely, have a Realtor do that and then showcase it through video phone call. Pictures do NOT tell the whole story. Pictures and video does not display a mold or smoke smell, or showcase the "aroma" of pet smells. Most pictures are showcased to highlight a property, not it's defects. On a recent tour I did for a rural home. It took me a while to find the driveway, which was a single-car width driveway with 45...
  • Stock Market Investing
    👍
    Markets have gone up and down this year, so is there one stock you bought when the markets were hot that you're pretty unsure about now? Any that you decided to hang on to despite the pandemic/recession taht you're especially happy about?
  • Stock Market Investing
    👍
    From what I understand, M2 teaches that we should try to build sources of passive income but I am struggling a little bit to understand how exactly that works with stock market investing. I completely understand it with real estate because there is a check that comes to you every month from rent payments, but the only thing I know that is similar to that in the stock market is by earning dividends. So is the idea to invest for dividend income or am missing something? Obviously if I bought a...
  • Topic Reply
    Can't answer this question with 100% certainty because I am far from retirement and far from having a million dollars, but the strategy I am currently using to hopefully get me there is to max out my Roth IRA (love the idea of not having to pay taxes on it later), contributing only to my 401k the amount that gets me the full employer match (got to get the free money), and then putting the rest of the money that is meant for investing into other accounts where I have more control over my...
  • Topic Reply
    👍
    Hi @Landon Martin , we actually published a complete guide on this a little while back: https://theminoritymindset.com...ide-getting-started/ But essentially, if you wanted to gain passive income with stock market investing, you would have to invest in a company that offers its stockholders a dividend. Invest in enough companies that provide a dividend and you'll basically be paid for owning shares, AND you'll have the value of the stock you can sell at any time. Hope this helps!
  • Topic Reply
    @Landon Martin Great tips! Traditional investing can be a great way to build some wealth over time, but like you said, your money is sort of trapped until you are of retirement age. Not a bad way to get to a million though!
  • Topic Reply
    👍
    It feels like the headline I see everyday is that the stock market rose on investors hope for the next stimulus bill or something similar. Obviously a lot of how the market is valued is based on how people feel but it seems like too much value has been placed on that recently and not enough on how companies are actually performing. Makes me think it can't continue like this forever but at the same time I don't know if that necessarily means a big drop in the market.
  • Starting A Business/Side Hustles
    It looks like many companies are switching to remote work for good and other industries may not return after the pandemic at all. What I want to know is, will working-from-home become the new standard for businesses, will jobs return after the pandemic is over? Or is the job market in the US changing dramatically right before our eyes? What are your thoughts? 🤔🤔
  • Topic Reply
    It can be very intimidating, especially in a seller's market. However, find a good agent that is experienced and they will be able to guide you. Buying your first home should not be done by yourself (I am biased but for very good reasons). There are a lot of mistakes that you can make. Most important is having a good down payment so that your payment is manageable. If your mortgage payment is too high (above 45% of your total income- can vary slightly), then it may be too much of a stretch.
  • Topic Reply
    👍
    My recommendation would be to have it appraised and then sell it to either your friend or list it with a Realtor. If you sell it to your friend, which is totally your choice, they either have to come up with their own financing (like through a bank), or you would provide it, and there are other people that may help. No different than selling them your car. Either someone gives them the money to give to you, or they make payments to you. Also just because the Zestimate is a certain value does...
  • Real Estate Investing
    Hello everyone! My wife and I intend to acquire our first rental property in the near future. Obviously 2020 has made such a venture a bit more tricky due to the unknown nature of what the real estate market will be like in the coming years while we navigate this pandemic. So I figured I would gauge the Minority Mindset community and get some opinions on whether acquiring a rental property for a first time investor is a good idea right now with interest rates so low, or wait and see what the...
  • Topic Reply
    Hey Nathan, I just got into ETFs/Stocks. I use Fidelity. I feel it's a real solid platform. I have heard Vanguard is also a great platform too. Of course you have WeBull, Robinhood, etc. Maybe someone will chime in with their experience.
  • Welcome - Start Here & Introduce Yourself
    👍🔥
    Hey everyone, Been watching the MM YouTube channel for a few years, loved the clear and concise message. The content really hit home. My parents didn't teach me what really matters with respect to financial freedom and wealth building. I don't blame them because their parents didn't either. So, with that said I am on a mission to help my son be better prepared. Albeit I feel I am a little late to the party. Either way, that won't stop me from living and working on goals for me and my family.
  • Topic Reply
    😀☝️
    I have been using M1 Finance for awhile now and have been very happy with it. I really like building the pie chart portfolio that the money will automatically divide between and invest in. I also like that M1 allows you to own fractional shares of a company so that all of your money can be immediately invested and you dont have to save up until you can buy a full share of a company. A couple downsides to M1 is that you dont have exposure to the full market because they only allow certain...
  • Topic Reply
    Ameritrade/Thinkorswim is clearly the best most reliable and successful platform. The others either don't have enough tools or simply don't have the reputation worth joining on for. Look at Robinhood whose main investor base is extremely novice and is known for days of server overload and awfull customer service. Seriously the barriers to entry for low-end investing apps arent very much look at the 18-year-old kid who killed himself because of margin trading on robinhood.
  • Topic Reply
    Thanks @Landon Martin It's going to take time (and money) but every little step towards the goal should get me there.
  • Topic Reply
    Hello All, My family was flipping before flipping was considered flipping so its something I’ve always wanted to do. I’ve heard many mention another housing market crash so I’m using this time to learn and study all I can so hopefully when the market prices go down I can make some good deals. -Michael
  • Topic Reply
    Hello! I am currently waiting during these weird times. It seems to be more of a seller market, hence why I am holding off. During this time, I am focusing on paying off one rental property and also saving up to buy the 4th for me to live in when things cool down a bit. I know Jaspreet also has a video on his IG stating that he is also holding off. Just does not make sense to buy right now depending on your goals. For me, it does not make sense.
  • Topic Reply
    ❤️
    I have M1 over a month now and have had Etrade for 6+ years. I wish M1 was around when I started learning this field years ago, it so much funner being able to play with the big boys with only pennies to the dollar compared to the $$$ on each stock. Etrade is a nice straight direct forum that is nicer now that I have put time into studying it.
  • Topic Reply
    Hi Nathan, I am keeping an eye on the market and would make a move if the numbers/scenario fit, but I'm also being patient. There are still decent properties on the market now but you need to be informed, know your numbers and know what works for you. Be patient, because it is a seller's market and you don't want to be in over your head and spend too much. Best to wait it out and keep your eye out for the right one.
  • Topic Reply
    👍
    I've been following their channel for 3 years, and I'd like to share my interpretation. Jaspreet usually refers to gold and Bitcoin not as an investment, but as an hedge against inflation and market overvaluation . They look at them as indicators moved by the choices made by "big investors", in the light of their interpretations and predictions on our economy. From this perspective, we have gold close to its highest evaluation in history , and this seems to suggest that big investors...
  • Stock Market Investing
    Hey just want to know if you guys have any good stock that might take off in 2021..right now I have Moderna which is up big I might sell here in a few days but I’m looking for anything to put that money into. Something that’s cheap right now that I can research on that might takeoff!! 5g
  • Topic Reply
    I think that's a great thought. I'm looking at health ETFs for 2021.
  • Topic Reply
    Allow me to ask my crystal ball. I'll let you know what it says
  • Book Club
    👏
    Never too late to learn. I’m currently reading Stock Investing for Dummies. It’s a pretty basic book but does give useful resources and websites
  • Stock Market Investing
    🤔
    What stocks are you buying in 2021? Care to share?
  • Stock Market Investing
    I had began the process of opening an account roughly 3 weeks ago and I have waited patiently for my account to be reviewed and accepted but it has yet to be approved. As I was browsing market news I came to an article stating the state of Massachusetts filed some grievance and I also read the SEC has dinged Robinhood for $65M. Is it over for Robinhood? Or will they find a way out? Share your thoughts.
  • Topic Reply
    In addition to generating PI from Stock Dividends look into other sources that can generate PI. Like writing a novel, blogging,/writing reviews or starting a small business. This way you can diversity your sources which can lead to funneling PI your way from multiple sources. Of course one can get PI from (1) source but you would have to invest heavenly in that (1) source and if it doesn't go as planned (since investing has it's peaks and valleys) you will find yourself in a position where...
  • Topic Reply
    Pretty basic info but book did give some useful websites that are handy rather than having to Google them. Buying a few stocks, starting off small but let’s see where I am next year. I’m a Christian so tithing is my 1st investment
  • Topic Reply
    Tithing: A great and much needed investment for sure. Amen! Nowadays with fractional investing when purchasing stock/ETF shares you don't need much. Every little counts and time is another factor that helps with growing your investment. If you don't follow up next year ... God bless your plans and if it is His will your fruits will be given unto you in abundance. Take care and keep moving forward.
  • Topic Reply
    Hey Nancy, How's progress with the investing? Did you get the knowledge you wanted from your readings and researching online?
  • Topic Reply
    Hello @Trevor , I was in the same predicament as you mentioned above on this thread. After doing some googling and reading a slight page of Dave Ramseys book, he pretty much mentioned the same thing that @Maykel said. Max out 401K. After that, invest in IRA (I would say ROTH) so when you pull out in the future, its already taxed. I personally am doing this now. Just started it. I would not want to get taxed from only pulling out from 401K. You mentioned real estate, I would recommend this...
  • Topic Reply
    👍👏
    Hello, I too am also trying to retire early. I also do not want to wait till I am 65 to retire and not have the energy as I do now to get around and travel. I see you have a great list here. However, for me what has worked the best is real estate. This brings in passive income from 3 properties. I have paid one off at the end of last year. Now all profit. Even though I want to buy another one for me to live in, I do not think its a buyers market with the influx in prices. I will wait it out.
  • Topic Reply
    Hello @American.Champion I would personally not be buying at this moment since it is a sellers market. I been holding off on buying since the prices are so high. I rather wait it out a while longer to get a better deal. I know we cannot time the market, BUT me personally, will take that risk and wait. For now, I am saving up more capital to give a bigger down payment to drop monthly payment. If you buy at a higher prices, your ROI will be lower. I have 3 properties in California. 1 in Norcal...
  • Topic Reply
    you both touch on a point: invest in 401K as much as your employer matches is the general advice. Tend to agree, however there are additional options to continue on 401k without matching. Something else mentioned is the idea of taxable retirement income vs non taxable (Roth). So thinking this is my action plan: In my circumstances I am past the beginning steps: 2k emergency fund, 8 month expenses liquid savings, no student, car or CC debt, no debt at all till I buy a home. 401K up to...
  • Stock Market Investing
    I have a couple of dollars; and would like to invest in Mutual Funds (my RRSPs) and a bit in stocks. I am very new to investing. How do I go about it.
  • Topic Reply
    Take a look at investment firms like Edward Jones, they often have unpublished money market accounts that yield better returns. Deposit that 1100 there and earn interest on it for the next few years, then pull it and pay a lump sum against the mortgage. But do check the numbers - if the interest earned does not exceed the compounded reduced principal, you might already be doing the best thing
  • Stock Market Investing
    👍
    What is recommended for starting kids saving money while investing in the stock market? Since the market gives better returns what platforms are best?
×
×
×