Created a Robinhood account so no transaction fees to worry about!
I'm thinking $333.33 into Tesla, $333.33 into Dogecoin, and $333.34 into SPDR S&P 500 Trust ETF
What do y'all think?
Created a Robinhood account so no transaction fees to worry about!
I'm thinking $333.33 into Tesla, $333.33 into Dogecoin, and $333.34 into SPDR S&P 500 Trust ETF
What do y'all think?
Editor's Note:
If I made this exact investment exactly two years ago, I would have $2,900 today, or a 190% return.
None of that junk. Just buy Alphaflys in common sizes and resell for an easy 30-50%
shoe daytrader wrote:
None of that junk. Just buy Alphaflys in common sizes and resell for an easy 30-50%
Dogecoin sounds like a smarter investment than Alphaflys.
Besides, I can only get 3 or 4 pairs with $1000 dollars with the opportunity cost of 0.794361565 Tesla shares, 117369.7183 Dogecoins, and 0.984843113 SPDR's.
One-thousand? Go buy some groceries.
$1000 is nothing, so I'm not going to fault you for meme investing and not understanding very basic portfolio management. If you plan on putting more money in, you have to actually not be stupid. All of this applies regardless of what you're investing for.
Putting a third of your cash in one stock is one of the dumbest things you could possibly do, especially with such a volatile, sentiment-driven stock like Tesla.
Dogecoin is actually a meme (joke). Unlike most other cryptos, it was never meant to reach some mass adoption stage. It was, and always will be, a joke, and buying it is cringe.
You should put the vast majority of your money in ETFs and index funds. I don't believe Robinhood offers mutual funds. ETFs and mutual funds provide built-in diversification.
Invest in anything involving online gaming, esports, and video games. If you haven't already it's maybe too late.
A nice watch
Get a nice suit.
20% Gold. 20% Silver. (Physical). 10% Amazon. 10% Apple. 10% LSXMX Liberty Media Sirius XM, 10% SU Suncor Energy. 10% home gym (invest in yourself!)
If you don't want physical gold/silver, buy gold and silver mining company stock for more leverage.
Only invest in individual stocks if all of the following is true:
1) You have a 3-6 month Emergency Fund.
2) You have ZERO debt including either a paid for house OR enough money extra to handle rent increases the rest of your life.
3) If working, you are still actively investing 15% or more of your income into retirement accounts made up primarily of diversified mutual funds.
4) NOW you can invest in individual stocks provided you do no more than ~20% in any one sector of the market and you own a minimum of 5 different stocks.
I am betting you aren't in a position to invest in individual stocks.
The $1000 is spending money that I would be completely fine losing worst-case scenario. I made the purchases at 8:30ish this morning currently have like a 20 dollar profit!
Hookers and Blow
*bone emoji*zone wrote:
The $1000 is spending money that I would be completely fine losing worst-case scenario. I made the purchases at 8:30ish this morning currently have like a 20 dollar profit!
I’m not going to diversify $1000, especially if it’s spending money. I would diversify retirement accounts where you are putting significant amounts that you’re counting on. The extra I would put in one or two stocks. I might wait on Tesla until after battery day and see if there’s a dip. If you don’t mind being risky, nikola might give you some profits. Its came back down after shorts were causing panic and now is back down to where it was before the news with gm. Of course, the company could just be a fraud and just sell an idea that can never be practical and you could lose it, or it could be similar to Tesla and explode in a few years. Carnival is getting near lows and when cruises start happening that will double or triple your money. That’s probably what I would do with it.
*bone emoji*zone wrote:
The $1000 is spending money that I would be completely fine losing worst-case scenario. I made the purchases at 8:30ish this morning currently have like a 20 dollar profit!
The criteria for buying individual stocks still applies. If you don't meet the criteria, you shouldn't risk the money. $1,000 isn't a ton of money to risk, but people make bad decisions all the time by telling themselves that X isn't that much money. It adds up over time.
Assuming you don't need it for 10 years, Invest 100% of it in Vanguard All-Equity ETF Portfolio (VEQT).
Are you debt free? If not, pay off your debts.
VTSAX
Oh its spending money? I didn't see that, I'd put it on $333 on black at the casino, $333 on scratch offs, and $334 on your favorite team to cover this weekend.