I am a stock/trading noob. I started investing in the market about 2 months ago and have tried to diversify my portfolio. I want to invest around $5k more but I’m so confused because there is barely any dip in the market to buy. I missed the Salesforce train because I was scared of investing at a high price. What are some suggestions based on my current stocks? How do I learn to invest better? What are some steps/research that you do before you invest in a stock?
My wife and I (both 32 years of age) together make $860k annually gross. She’s an ophthalmologist who bought into her practice and does super well. I work at Big 4. Currently, we auto invest $2500 a month into VOO and max out our own 401ks but not much else. I feel like we are falling behind even though we make in the top 1%. We have a low interest mortgage in a LCOL area close to a MCOL city (think 40 min outside Midtown ATL but not Atlanta). We have no kids yet but plan to. Cont…
Does anyone know the rules of their 401K? I recently desired to leave my place of employment due to differences between management and myself. I called my 401k representative and asked him if I terminated my employment could I keep my account as is and continue to draw out of it. He said yes so I did just that. I terminated my employment. Weeks later I was informed I would have to roll my 401K into an IRA which would grant me a lower yield. The loss 20k per year. Any advice?
What would you do? Looking at a new house for 650k with a 250k downpayment. Could pay the house off in 10 years roughly $5000 a month mortgage but would need to reduce retirement savings from 65k a year to 50k a year. Married with one kid currently 35 years old. Would be so nice to have house paid off at 45 but would give up that 150k of retirement savings and 10 years of compounding interest. Goal is to retire around 50, currently have about 500k in retirement savings.
My investing process and my advice for other noobs - It has been slow but successful. This assumes you have job security: 1. Buy small amounts of VOO or similar ETFs at fixed intervals. Double dip during recessions 2. Buy individual stocks of very successful, sector leaders like Apple, Google etc whenever there is big market crash event like Covid, recessions, etc. as long as the core business model of the firm is still valid after the event is over
Are their better ways of investing, absolutely. This is the one that works for me and doesn’t need me to be an “active” investor or researcher
Trying to time the market is not a sound investment strategy. If you are long term, buy and hold companies you believe will be profitable over your investment horizon. How to choose involves more in depth research, but that’s it in a nutshell imo
I don't have a crystal ball to predict when the best time to invest is so I don't invest in individual stocks, only index funds and ETFs.
Some markets that are still depressed is retail and financials if your looking for potential value buys