Help....Getting started buying individual stocks

[sambo77]

Buy nvidia, tesla, rivian, Microsoft, Amazon, AMD, and RTX at minimum. I use robinhood to buy my own. I don't have a whole lot of shares of each but it's a start. The rivian I got for around $10 a share so if it completely tanks I'm not out a whole lot but it is a good long term small investment.

 

[thevalueman]

Buy nvidia, tesla, rivian, Microsoft, Amazon, AMD, and RTX at minimum. I use robinhood to buy my own. I don't have a whole lot of shares of each but it's a start. The rivian I got for around $10 a share so if it completely tanks I'm not out a whole lot but it is a good long term small investment.

all tec stocks???
not good diversification...not that I have the answers, I'm defiantly not smart enough to "dabble" in the market as I have said....BUT I do have a financial planner that is....problem there, is that they don't want to touch you unless to have a smart amount of dough......not a good idea, I think, BUT that's how they seem to work.....If I were a financial planner the younger folks with good jobs would be my target!!! money will build as time goes by

 

[alexs2006]

Only about 2% of people have ever gotten rich off the stock market. Unless you are wealthy, not rich or well off, wealthy. You are better off keeping your money or buying metals.

 

[Hayata]

Glad to hear you already have a broad portfolio - that's a safer strategy than all eggs in one basket kind of thing.

I use Charles Schwab not because I picked them but because when USAA got out of the investment bidness CS took over. And honestly, after my initial buy-in I haven't bought or sold anything.

Do's and don't?

Do your research.

Don't chase trends.

Do be in it for the long haul.

Do understand that if you sell a stock that you've owned less than a year your short term capitol gains tax will be higher.

Otherwise, good luck! The stock market is legalized gambling, plain and simple.

 

[sambo77]

all tec stocks???
not good diversification...not that I have the answers, I'm defiantly not smart enough to "dabble" in the market as I have said....BUT I do have a financial planner that is....problem there, is that they don't want to touch you unless to have a smart amount of dough......not a good idea, I think, BUT that's how they seem to work.....If I were a financial planner the younger folks with good jobs would be my target!!! money will build as time goes by

I have more than that, those are just the most recommended right now in my opinion. Nvidia just did a 10 to 1 split and is climbing again, tesla isn't going anywhere and is the industry standard when it comes to EV, Microsoft has been stable and good gains, Amazon isn't going anywhere and will continue to go up in value, AMD has been a good growth investment, RTX isn't going anywhere in the near future either. I have stock in carrier, a few pharmaceutical and medical supply companies, a couple entertainment companies, and vehicle companies. Since I've invested the tech companies have been my highest earnings. I'm not a financial advisor and my statements are NOT advice, just my opinion. I have a couple vanguards also.

 

[WallsGa]

I have a broad investment portfolio but would like to dabble with buying individual stock.

Looking for recommendations on brokerage firms, do's and don'ts, and lessons learned.

I do not intend to start off with more than a couple hundred dollars until I get comfortable with the process.

Thanks for any insight.

There are plenty of threads on this same topic over the past few years. Now is a good time to get in as several stocks are discounted. But as others have said it ‘s nothing more than a gamble.

Want some entertainment? Look at stocks others have suggested in the past 5 years. See where they were in ‘18 and ‘19 then compare to today. (My favorite was the pump & dump scheme that was MVIS).

Dollar cost average over time = invest the same amount every 2 weeks in the same stocks for a long period.

Morgan Stanley uses E*Trade through their app. Ally bank has a trading account option. They’re both super easy. I actually got tired of watching stock prices daily to I recently sent all my funds to a professional. It’s no fun but I feel better.

 

[Glock 21]

Are you looking to go long on stocks you feel will be winners long term or day trade for quick potential gains?

To day trade and do well you need volatility so usually you’re dealing with garbage stocks. You don’t care if it’s a great company or some fly by night scam all you care about is the price action. Learn to read the volume and figure out your entry/exit/cut position before you even enter the trade. Cut your losses fast and take profits don’t ride it out hoping for more. You’ll never buy the bottom and you’ll never sale the top.

Paper trading is a great way to learn and not risk real money but you have to remember your emotions will be different once it’s your actual money on there.

One easy trade to learn is watch some of the top pre market gainers every day. Watch how they drop (flush) at market open.This is your buy window as they will pop back up quickly after opening bell.


*None of this is financial advice and I am not a financial advisor and did not stay at a holiday inn last night

 

[rockyfatcat]

This is probably the best book I can recommend on investing.

 

[GFB]

I have a broad investment portfolio but would like to dabble with buying individual stock.

Looking for recommendations on brokerage firms, do's and don'ts, and lessons learned.

I do not intend to start off with more than a couple hundred dollars until I get comfortable with the process.

Thanks for any insight.

For a brokerage, wherever you have your current investments might be the simplest choice.

 

[rumrunner55]