Need advice, I wanna invest 30k in a stock but what is the best investment to invest in?

[Chrome2279]

So I’ve been messing around with $5k in the stock market over the past year and made a return of $3k before the stock crash using the stash app.

with rates this low and plummeting is this the right time to invest or wait? I have $30,000 I want to flip but I’m still kinda new to this.

I would appreciate some suggestions on what to think about investing in. I’m looking for conservative type stocks if you have any input I’d appreciate it!

 

[Bboystyle]

First rule, never lay your eggs in one basket. Distribute that shyt to top stocks like FB, google, microsoft, amazon, ect.

 

[Conan]

Diversify (yo bonds nikka)

Seriously. Find a low cost fund, dump the money in there and pretend it doesn't exist for 20 years. Add to it. Cash out in 20 years.

 

[the cac mamba]

So I’ve been messing around with $5k in the stock market over the past year and made a return of $3k before the stock crash using the stash app.

with rates this low and plummeting is this the right time to invest or wait? I have $30,000 I want to flip but I’m still kinda new to this.

I would appreciate some suggestions on what to think about investing in. I’m looking for conservative type stocks if you have any input I’d appreciate it!

buy the VGT etf, low cost tech fund. has apple, mixrosoft, all that shyt

ive bought 15k so far, about to buy another 10

 

[jilla82]

I like this dudes take...
...he's basically saying to pick 3 or 4 stocks and go hard on them.
Do your due diligence and make a decision.

 

[OH SOHH TRILL]

Put in 5k a week into total market index funds.

 

[princeofhaiti]

Put in 5k a week into total market index funds.

people say this but which total market index fund and on what platform should this be done

 

[OH SOHH TRILL]

people say this but which total market index fund and on what platform should this be done

I like Fidelity. My portfolio is 25% each of: FXAIX, FGCKX(this is closed so you have to use FGKFX which is the new version), FSMDX, FSSNX

 

[Chrome2279]

I like Fidelity. My portfolio is 25% each of: FXAIX, FGCKX(this is closed so you have to use FGKFX which is the new version), FSMDX, FSSNX

Hmm those don’t come up in the stash app. (Fidelity does, but not the rest you mentioned)

 

[OH SOHH TRILL]

Hmm those don’t come up in the stash app. (Fidelity does, but not the rest you mentioned)

look into IVV. that appears to be the S&P index on Stash. I don’t invest in that so look at the fees and stuff to make sure they’re low. Should be .25 per thousand or less.

*edit, its .04 percent which I think is 4 cent per thousand dollars. That’s good.

iShares Core S&P 500 ETF | IVV

 

[T.H.E.GOD]

I like this dudes take...
...he's basically saying to pick 3 or 4 stocks and go hard on them.
Do your due diligence and make a decision.

i don’t know why but I’m thinking just go for one stock and see what’s up. Just put 1k and leave it at that. But I’m also new to this.

 

[Macallik86]

Put in 5k a week into total market index funds.

This is the best advice in the thread. Diversify across multiple industries. You don't have a diverse portfolio if you buy 5 oil companies or 5 tech companies for example

 

[amare68]

This is the best advice in the thread. Diversify across multiple industries. You don't have a diverse portfolio if you buy 5 oil companies or 5 tech companies for example

I am currently starting , and in the process of buying oil, airlines and some major companies.. rethinking now after some research

better of if i go straight into total market index funds? S & P 500 etc ...

 

[Macallik86]

I am currently starting , and in the process of buying oil, airlines and some major companies.. rethinking now after some research

better of if i go straight into total market index funds? S & P 500 etc ...

Yes. It is better off to buy something like an ETF imo. SPY is the ticker symbol for the S&P 500 ETF. QQQ for the Nasdaq and DIA for the Dow Jones.

If you still want to gamble a little, one option is to buy ETFs that specifically cover the industry that you are interested in (JETS for airlines, XLE for energy, etc) but I wouldn't recommend it unless you know something that isn't public knowledge or you are ok with being wrong and potentially under-performing the market for months/years

 

[Hahahaha]

Hold onto it and see what the market does for the next few months. How secure is your job and emergency fund?