For 2019 Im Planning To Invest In The Stock Market And Need Some Advice - Off Topic (Non Trade) - Contractor Talk

For 2019 Im Planning To Invest In The Stock Market And Need Some Advice

 
Thread Tools Search this Thread Display Modes
Old 01-01-2019, 10:42 AM   #1
Pro
 
tonyc56's Avatar
 
Trade: Window Treatments
Join Date: Nov 2008
Location: Norwood, MA
Posts: 737
Rewards Points: 3,534
Post

For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


Since im not too keen when it comes to investing. I'm thinking of subscribing to the Motely fool news letter for stock advise. Does anyone out there subscribe to their news letter and would you recommend them.
tonyc56 is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 01-01-2019, 11:16 AM   #2
Pro
 
donerightwyo's Avatar
 
Trade: custom builder
Join Date: Oct 2011
Posts: 2,804
Rewards Points: 320

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


Quote:
Originally Posted by tonyc56 View Post
Since im not too keen when it comes to investing. I'm thinking of subscribing to the Motely fool news letter for stock advise. Does anyone out there subscribe to their news letter and would you recommend them.
I think they are only interested in lining their own pockets. Of course there are all sorts of rules that prevent them from doing that so I wonít get in to it.

I would do your own research, if you donít have hours and hours to invest in that, set up meetings with several local brokers and pick one that you trust the most.

If I only had all the money back that I thought I coulda made investing for myself

Or take some advice from here. I remember Finley telling people to buy ford dirt cheap and it went up shortly after. Thereís also a thread on here talking about bitcoin when it was less than $150

Advertisement

__________________
I can't compete with hacks.

Last edited by donerightwyo; 01-01-2019 at 11:23 AM.
donerightwyo is offline  
Old 01-01-2019, 11:19 AM   #3
Pro
 
donerightwyo's Avatar
 
Trade: custom builder
Join Date: Oct 2011
Posts: 2,804
Rewards Points: 320

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


https://www.contractortalk.com/f22/a...-stocks-52744/

Hereís the Finley thread, $1.25 for Ford, it went to $30
__________________
I can't compete with hacks.
donerightwyo is offline  
Sponsored Links
Advertisement
 
Old 01-01-2019, 11:22 AM   #4
Pro
 
donerightwyo's Avatar
 
Trade: custom builder
Join Date: Oct 2011
Posts: 2,804
Rewards Points: 320

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


https://www.contractortalk.com/f22/bitcoin-133088/

Hereís Dustin calling bitcoin. Lol

I seriously considered it.
__________________
I can't compete with hacks.
donerightwyo is offline  
The Following User Says Thank You to donerightwyo For This Useful Post:
tonyc56 (01-01-2019)
Old 01-01-2019, 11:22 AM   #5
Pro
 
Tom M's Avatar
 
Trade: GC/ Interior & Exterior Remodeling
Join Date: Jan 2007
Location: Bergen County, NJ
Posts: 9,543
Rewards Points: 3,004

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


I set up my sep account with the bank years ago using Alliance for mutuals. I too want to change my plan to more aggressive but the banks financial advisors won't touch stock investing any more.

They offer insurance securities and promise annual 9%. And you can't touch the money
Tom M is offline  
Old 01-01-2019, 11:36 AM   #6
Artist and not a curator
 
Deckhead's Avatar
 
Trade: Carpentry,
Join Date: Dec 2010
Location: Sarasota, Florida
Posts: 7,736
Rewards Points: 13,046

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


I listen to this guy a lot. He looks at reality instead of these stupid metrics that get made up. He hates banks and is a little pessimistic at times but he knows his stuff.

https://www.philsgang.com
__________________
[signature removed by admin]
Deckhead is offline  
The Following User Says Thank You to Deckhead For This Useful Post:
tonyc56 (01-01-2019)
Old 01-01-2019, 12:14 PM   #7
Pro
 
rescraft's Avatar
 
Trade: residential remodeling/construction
Join Date: Nov 2007
Posts: 617
Rewards Points: 1,287

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


To start, pick a few mutual funds. They spread stock around and key in on different sectors. Or index funds--the advantage to these is the no or very low fees.

Have a "crazy" account where you can speculate in some up and coming tech or product stock. Treat this as you would gambling money. These can go up like a rocket or down like a rock. Sometimes you get lucky, but view it as such.
rescraft is offline  
The Following User Says Thank You to rescraft For This Useful Post:
tonyc56 (01-01-2019)
Old 01-01-2019, 01:15 PM   #8
pro
 
hangit's Avatar
 
Trade: wallpaper & fabric installation
Join Date: Aug 2006
Location: Atlanta
Posts: 261
Rewards Points: 425

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


my novice input:

first i max out my roth ira every year.
then add what i can to my sep.

if going with a broker, look for a fee only broker and not one that works on commission.
hangit is offline  
Old 01-02-2019, 12:30 PM   #9
Pro
 
r a s's Avatar
 
Trade: division twelve
Join Date: Mar 2015
Posts: 142
Rewards Points: 1,170

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


https://clark.com/personal-finance-c...estment-guide/

You can subscribe to Barrons, WSJ, et al. and see if you feel comfortable investing in individual stocks. However, the consensus nowadays is that low-cost index stocks using dollar cost averaging is where most people should be. Gone are the days where you could follow Peter Lynch and Benjamin Graham's advice and reasonably expect to make a profit.

Good luck with your investing in 2019. It should be an interesting ride.
r a s is offline  
Old 01-02-2019, 03:01 PM   #10
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 23,021
Rewards Points: 1,722

Re: For 2019 Im Planning To Invest In The Stock Market And Need Some Advice


Index funds, period.

Advertisement

hdavis is online now  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?