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Hello, biz my stock portfolio is god awful....
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Hello, biz my stock portfolio is god awful. let's just put it out there I tried my luck with penny stocks and the like and I'm in the red $3300 dollars I'm really new to the stock market. I was prepared to lose what i invested it was some savings that i figured I'd try my hand in multiplying with so I'm not broke or anything. My total account value is $2700 and I have a little over $800 to spend that's currently in my account. Any ideas on how to make this money grow really well over the next.. I don't know.. 5 years? I'm just looking for any general advice or stock tips or anything really.
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More penny stocks
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>>1054768
I'm not sure I want to make that mistake again. I will say at one point it did make me an extra $900 over night and I just held on to it like an idiot.
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>>1054771

Hold your horses: let the stocks sit

Only the truly skilled, and truly lucky, can consistently predict the rise and fall of stock markets.

Right now, shorting the SP or Nasdaq would be a good idea, but since you are already invested and at a loss, just try to wait it out.

Buy and hold, see what happens, maybe you will get that lucky 10.000% increase on your penny stock

Or maybe not. The stock market is half gambling after all.
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>>1054778
I've been holding it for like a year, but today it did go up some, so maybe.
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Just put in in voo.
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>>1054780
Buy VOO.
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etherium
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>>1054780
>>1054786
>>1054787
Only downside is that due to trading fees you might get jewed if you're buying <$1k at a time.
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>>1054787
>>1054786
how many shares should i buy? how long should i hold on to it?
>>1054788
im not sure what that is nothing came up for it when i searched it
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>>1054798
>how many shares should i buy? how long should i hold on to it?

Minimum $1k+ worth. Otherwise trading fees gobble up a hefty amount.

Hold for ever.
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>>1054800
I can buy like 9 shares would that really gain me much? I'm genuinely asking because I don't know.
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>>1054802
Yes 9 is ok.

You just don't want to be buying under $1k at a time because if your broker's fees are $10/trade then you're spending over 1% to buy it right off the bat... Not really recommended. 1% is tolerable though.

It won't gain you "a lot". This is what's known as "long-term investing". Over the course of years it will earn you an average of 7-8% per year.
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>>1054806
Well, here's to hoping I don't regret it. Thank you for your (hopefully valuable) input. And I guess it is kind of gambling anyways.
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>>1054800
Use Robin Hood.
No fees.
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>>1054809
No it is not gambling.

I suggest you do some more research on long-term investing.

And don't look at the day to day changes, look at how much you're making in 3, 5, 10 years with this type of strategy.

>>1054810
>tfw no robincuck here
>>
>>1054813
I will be sure to do that, thank you for your help I hope your year is a prosperous one.
Thread replies: 17
Thread images: 1
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