I made a topic in here about a year ago about strategies for paying down debt.

Welp, I've now paid off the CC's, no more student loan, etc. Months of income in savings, and operating at a good surplus.

So now I've got some money to buy something, and to me, this seems like a decent time to get some good deals.

Am I wrong? Should I just stay out of it at this point and just continue to throw money in savings? Is it just too volatile for someone that's never done it before to get their feet wet?

I'm not afraid to make mistakes while learning, but if I'll essentially be burning my money then I'm not going to bother.

 

save your money, read books and websites, and when you feel comfortable, buy in small increments, if at all

personally I would stay out if I were you, unless you really knew what you were doing

right now it's gambling

go see the AAPL thread about Pearlwhites2k, who for some reason has 65% of his money in AAPL, which went from $175 to $100 in the blink of a fart

 

I'm a n00b.. I read the news of stocks I'm interested in before sleeping at 12am, then wake up at 630am (pacific time of market opening) to read and watch the market movvvve.

and www.investopedia.com is your friend.

Get to reading!

And be careful how small of increments you purchase in because the fee's that the brokerage charges may eat up any potential gains!

 

Look at pot 230's now 100. It's done worst than AAPL. I'm sorry but I do believe in AAPL is taking big chunks of PC markets and I'm a firm believer it's going to do well in the long run.

 

Read. Start a Fake account to practice following/researching.

Not sure how others feel about it right now, but I'd say index funds are still ok to start putting money in, they will go up and down right now, but will go up in the future if you hold them long term.

 

If you are planning on investing in companies and holding them long term (at least 1 yr+), then this is an ideal time to be a buyer. If you want to try trading stocks, it's probably not a great time for someone with no experience. The volitility is so extreme that the fundamentals of companies seems to have been thown out the window in the near term.

Read as much as you can. Watch the market news and watch how it affects industries and companies. I would recommend starting off in index funds instead of individual stock. Maybe start with an index fund that tracks the broad market like the S&P500.

Andrew

 

Think about your time horizon as well, How old are you? I would be nervous if I was close to retirement, but still being an accumulator I happy as can be and have upped my 401k contri to as much as I can afford. As stated above, read and take in as much as you can, buying individual securities requires a lot of info. On the other hand you could look at Vanguard or Fidelity and get a cheap or free account and get some mutual funds, for the most part right now trading at huge discount from where they were 8-10 months ago.

 

NOW IS THE BEST TIME TO BE A NOOB. start easy, buy some cheap blue chips, stay away from the more volitile stocks. getting your money now guarantees u will make money. its like a firesale.

i am buying more as soon as my check for cashing out vacation days comes in.

 

I think it is too volatile for a noob to start investing in the market right now. Put the money somewhere safe for now and wait for things to settle down. Keep saving and keep following the market. A simulator type trading account is a good way to practice and learn without losing money.

 

YES!!!

The smartest people in the world are having their funds blow up. What makes you think you can win during this time?

Now... if you are are willing to pick a couple REALLY beaten down stocks and not look at your account for a few years go ahead and make some decisions.