I have some extra cash laying around so instead of spending it on dumb stuff (I'm prone to that) I decided to start investing. I signed up for Fidelity last night, since that is where my IRA is, and made some trades this morning. So far I'm up $12 .
Anybody else do this for fun? What do you invest in? Any tips for a noob?
I let my financial advisor take care of it all. We've been with Ameriprise Financial for a little over 2 years and our investments have done well. When Covid hit we lost about $11K but we have increased steadily since then and have made up more than 2x that amount in the last year.
Good job staying the course. I'm happy to say I did too. I know some people who sold all their stocks at the beginning of the pandemic and moved them into bonds, gold, and whatever seemed safe. What a mistake, the market bounced back in just a few months and has continued rising ever since. I hope the people I mentioned got back in at some point. I just checked the S&P 500 and see that it is up 42% from the peak right before the pandemic dip. For years I have heard people predict a major recession right around the corner, but it just hasn't happened yet. If I have learned anything from investing the past few years it's that I can't predict a thing and just have to trust the long term trends.
I let my financial advisor take care of it all. We've been with Ameriprise Financial for a little over 2 years and our investments have done well. When Covid hit we lost about $11K but we have increased steadily since then and have made up more than 2x that amount in the last year.
Good job staying the course. I'm happy to say I did too. I know some people who sold all their stocks at the beginning of the pandemic and moved them into bonds, gold, and whatever seemed safe. What a mistake, the market bounced back in just a few months and has continued rising ever since. I hope the people I mentioned got back in at some point. I just checked the S&P 500 and see that it is up 42% from the peak right before the pandemic dip. For years I have heard people predict a major recession right around the corner, but it just hasn't happened yet. If I have learned anything from investing the past few years it's that I can't predict a thing and just have to trust the long term trends.
.
