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Stocks.....Anyone here own any?

Has anyone here ever bought and/traded stocks. I opened a Charles Schwab account with $160. They give you 5 free stocks to start. My plan was to buy some small stocks and dabble into it a little bit. But once i got onto the site it was like chinese i was wayyyyy out of my league. So two weeks later i closed the account. You have to sell the free stocks first before you can close your account so they walked me through it and I actually made a profit. When i closed i had $431 So im going to read buying and trading for dummies or something next time.
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3Dogmatic · 46-50, M
I don’t own any individual stocks, but I invest in funds that hold a bunch of stocks. I’m up 14% so far this year.
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AngelUnforgiven · 51-55, F
@jshm2 thank you so muchfor this
Lol .. Investing for Dummies is not a bad way to brush up on things before you get back in the game.

You need to get your goal /plan in mind too .. investing/saving for retirement, other ? Timeline? Risk tolerance /how much could you afford to lose?
AngelUnforgiven · 51-55, F
@BrandNewMan i agree with you 100% thank you
whowasthatmaskedman · 70-79, M
I wouldnt..... Be an investment advisor like Warren Buffett. Buy it and sit on it. And right now he is cashing out..So you made money. Keep it..😷
Renkon · 41-45, M
1. First and foremost, devote some time and effort to learning about markers, shares, and trading.
2. Find a mentor. Nothing can be more helpful.
3. By then, you will know whether you are a trader or an investor.

.
Thrust · 56-60, M
@AngelUnforgiven

Best skill to develop is spotting trends early. Then mimic every Nancy Pelosi trade because she uses insider trading with impunity
Renkon · 41-45, M
@Thrust It is hard to disagree with those tactics. However, for a bignner, that would be dangerous.
Thrust · 56-60, M
@Renkon you do it at your pace. Like following Buffett. The only difference is she's playing a rigged game.

She's had a return 3x Buffett's last year. Golly she must be good! 🤡
carpediem · 61-69, M
I buy index funds in my personal account and an occasional vanity stock.
KingofBones1 · 46-50, M
I go through Charles Schwab.I have a small stockholder account there in flowers industries
I don't know anything about it either but I've always wanted to learn.
AngelUnforgiven · 51-55, F
@MsSwan i really would like to learn as well. Im going to try Acorn next
Yes. Mutual funds might be better for you than individual stocks. They're already diversified to reduce risk and simpler to purchase.
AngelUnforgiven · 51-55, F
@BizSuitStacy thanks for the info i will look into it
Thrust · 56-60, M
Schwab is good in that they give a letter grade to each stock. A-F. That's a good guide especially if you are a beginner
I bought some this week.
Musicman · 61-69, MVIP
There is a company out of Alexandria Virginia called The Motley Fool. They sell stock advice. I use them and am very happy. For a brokerage company I like etrade. Hope that helps.
Musicman · 61-69, MVIP
@Thrust Just invest in their best winners and you'll be fine.
Thrust · 56-60, M
@Musicman I'm sure I would be. I read their free articles all the time
Musicman · 61-69, MVIP
@Thrust God bless you 🙏 I definitely don't do that.
pancakeslam · 41-45, M
how long did you own those stocks
AngelUnforgiven · 51-55, F
@pancakeslam about 2 weeks I just couldn't figure out how to buy more. Those were free with the account.
pancakeslam · 41-45, M
@AngelUnforgiven you made a profit of 270% in 2 weeks? You're better than Warren Buffet. 😁
AngelUnforgiven · 51-55, F
@pancakeslam lol I was so happy.
yes, the motley fool tends to be a pretty good starting place
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AngelUnforgiven · 51-55, F
@MaBalzEsHari thank you for the info

 
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