finnally invested in the S&P 500
1 american dollar on robinhood
shareCommodities is where you wanna be in a bear market.
shareThis isn't a bear market.
shareI see literally no indication to jump back into tech or energy atm.
shareYou should diversify your portfolio.
shareI'm pretty diversified for an amateur investor/saver/ROI-type. Savings, PMs, real estate, 403b....I could probably add Magic cards, and sealed-boxed Transformers at this point since I probably have 5 figures worth of those things.
I also like to print money in the form of doing my own service/upgrade work on my cars, and house.
I'm saving for retirement. Just throw hundred buck here and there
shareI'm just gonna throw in enough money to where I can hold onto it until I'm 65 or whatever. I'm 44 now. What do you think the S&P will be like in 20 years? ill just try to sell before the next crash somehow if I can manage to hold onto it that long
shareMost people don't get rich from the stock market unless your initial investment is at least in the high 5 figures.
You are better off using the market to hedge against the devaluation of your initial investment. Gold is actually the best way to do that.
free market dreams, if i hold onto 5000 or whatever what you reckon it would be 20 years from now?, if I could even manage that!!
shareIf you held $5000 in cash in a savings account for 10 years.... Due to inflation, the value of that $5000 is going to be significantly less in value than when you deposited it.
Now, if you buy $5000 worth of gold. In 10 years, that gold will be equal or wqay higher than when you purchased it.