Stock Market Investing
What do you look for in a trading app and what are some of the best ones out there right now?
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Stock Market InvestingWhat stocks are you choosing and why?? What's your long-term plan look like?
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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?
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Retirement PlanningStocks? 401k? Roth IRA? What's the easiest strategy for growing your money from $0 to $1,000,000 by the time you retire?
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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...
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Topic ReplyCan'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...
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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!
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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!
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Stock Market InvestingFor the past couple of months the Stock Market has recovered from its initial drop from the pandemic, even setting new record highs. Can Wall Street continue to grow at its current pace, or do you foresee a drop sometime soon? Drop your thoughts below 😁
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Topic ReplyIt 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.
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Topic ReplyI'm from Italy, and unfortunately WeBull is not available. I use eToro.com and forex.com. Previously DeGiro, and I'd like to use trading212 in the future.
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Topic ReplyHey 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.
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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.
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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...
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Topic Reply👍Good luck @Nef ! Hope you achieve everything you want!
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Topic ReplyAmeritrade/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.
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Topic ReplyThanks @Landon Martin It's going to take time (and money) but every little step towards the goal should get me there.
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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.
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Stock Market InvestingHey 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
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Topic ReplyI think that's a great thought. I'm looking at health ETFs for 2021.
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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
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Topic ReplyIn 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...
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Topic ReplyPretty 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
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Topic ReplyTithing: 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.
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Topic ReplyHey Nancy, How's progress with the investing? Did you get the knowledge you wanted from your readings and researching online?