Quote:
Originally Posted by m4k4v4li
guyz iphone 7 is coming out we should buy aapl according to Nlkko
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Your advice for a new guy who is asking on investing is trade. 99% traders lose money. That is a fact. Many successful traders was in that 99% crowd, blowing up multiple accounts before they can make money consistently, that is a fact. Perhaps if you have been trading anything other than paper you would know this.
For a new guy learning to invest, he should not look to trade. Your P/E ratio and other maths does not mean dick. Trading is a game of psychology and math. Math is easy even a monkey can do TA. The psychology part can only be learned through pain. Yes, that means losing real money. You see a lot of valid advice like master your psychology, have a plan, etc. All valid but for a new guy, the moment you execute that trade and that P&L start flashing, your blood will rush and you will not remember any of that stuffs.
Investing is the long game. And the most amount of money is made by sitting (investing), not trading. Got it? Any monkey can trade, only real men can sit tight.
And yes, INVEST in stuffs you love to use. My parent's port have stuffs like DIS, M, KO, MSFT, FDX, even a small chunk of TSLA. All from IPO. Have not sold a single shares through many many years.
I could go on but I think in a few months/years, you will blow up your child college account and you can learn that way too. I have blown up multiple small 5k, 10k accounts before things got decent for me.