I won’t exactly say luck in picking the right stock but luck in the timing when I first started investing.
To be precise, I started in end March 2020 and if you recalled everything just crashed. I picked a relative safe stock that paid dividends $Exxon Mobil (XOM.US)$ and doubled my money in a year. I won’t say its the best pick as tech stocks tripled or even quadruple.
End of day, profit is profit and for my first time I am happy with it as compared to this year where my portfolio is going as flat as an airport. Only money I made is off premiums from selling puts and calls. Capital gains are barely existent.![]()
To be precise, I started in end March 2020 and if you recalled everything just crashed. I picked a relative safe stock that paid dividends $Exxon Mobil (XOM.US)$ and doubled my money in a year. I won’t say its the best pick as tech stocks tripled or even quadruple.
End of day, profit is profit and for my first time I am happy with it as compared to this year where my portfolio is going as flat as an airport. Only money I made is off premiums from selling puts and calls. Capital gains are barely existent.
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The reason most people would say is always the same. Along the line of building a secondary source of wealth, passive income, beating inflation etc.
I focus on why I am doing it today is because trading had been made more accessible to us than years ago. No more high commission cost or having to buy in huge lots which would require you to have a large sum of money to begin with.
Today we have close to commission free trading and with technology, trading can be done easily over app.
No need to regret and FOMO why you did not start investing years ago. Be glad that you started today. 🤗
I focus on why I am doing it today is because trading had been made more accessible to us than years ago. No more high commission cost or having to buy in huge lots which would require you to have a large sum of money to begin with.
Today we have close to commission free trading and with technology, trading can be done easily over app.
No need to regret and FOMO why you did not start investing years ago. Be glad that you started today. 🤗
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$Apple (AAPL.US)$ Buy the dip! No need think so much. Long term. This is just gonna go higher and higher like the price of every version of the iPhone. ![]()
Order
Order
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$Lucid Group (LCID.US)$ Ladies and gentleman, welcome on board the Lucid Rocket. This is your captain clapping horse speaking. The weather is fine and nice. We will be taking off shortly. Please remember to wear your safety belts as we head to the moon.
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As the article suggest, “rise on the first day”. But what happens after that? The last few months seen a number of big IPOs like Coinbase, Roblox and Lemonade.
On the first day volatility is crazy at opening. Go up very high and then boom. All the way down.
So unless you get in at a good price on the first day and maybe quickly sell off by mid-day and lock in the gain, better to sit back and chill.
Understand the company first then decide if you want to invest... or perhaps go in at a better price. 🐴👏
On the first day volatility is crazy at opening. Go up very high and then boom. All the way down.
So unless you get in at a good price on the first day and maybe quickly sell off by mid-day and lock in the gain, better to sit back and chill.
Understand the company first then decide if you want to invest... or perhaps go in at a better price. 🐴👏
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The biggest mistake for new comers are always listening to what other people are buying and just buying without understanding the business.
Personally, I only buy into companies that I understand and is able to explain the business. Like how they are earning money.
If you do not understand the business then it is hard to sleep in peace when stock prices go on a roller coaster ride.![]()
Personally, I only buy into companies that I understand and is able to explain the business. Like how they are earning money.
If you do not understand the business then it is hard to sleep in peace when stock prices go on a roller coaster ride.
$Tesla (TSLA.US)$ $3000 lets go!
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