Theres a lot of smart financially minded people in these comments. any advice for how someone can get started with the market, and investments in general?
this post was submitted on 24 Feb 2024
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Tbh it's not very hard, just get a brokerage account with someone like fidelity or even Robinhood. As far as picking stock, there's no correct way that's applicable to everyone. Oftentimes people who obsess over crunching numbers and doing lots of research, will rarely make more than if they just bought index funds.
Long-term investments are a lot more about how much and how long you can invest, vs what you invest in. In general, I tend to buy stock in companies who I believe to be undervalued, particularly if it's been devalued in reaction to the media and not something like a bad quarterly.
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Don't try to overthink the market. If you are wanting to invest with no plans to spend that money within say 3 to 5 years, just by low expense ratio S&P500 tracking ETFs. My goal isn't to beat the market, just ride with the market benchmarks as best as possible.
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Do you have retirement funds set aside an invested? If not, setting up or managing your own retirement account could be a good primer.
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I'm apparently one of the "power users" because I got the IPO investment invite.
In Canada.
Haha same despite not being active at all for months now. In any case, the email explains only residents of the USA are eligible.