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?
KIRBSTER269 has a somewhat valid point.
It seems the pump&dump schemes like AMC and GAMESTOP on popular social network investing feeds (IE reddit's wallstreetbets)... They are definitely a way for us 'poors' to ride waves. Plus they aren't illegal because although its a collaborative effort, and quite an unconventional means of investing... the SEC can do nothing about it as it's end-user collaborative (not a licensed broker).
The only drawback is you're ultimately acquiring your gains from other folks who didn't dump in time... not from the increased value of the actual business you're putting money into...
KIRBSTER269 has a somewhat valid point.
It seems the pump&dump schemes like AMC and GAMESTOP on popular social network investing feeds (IE reddit's wallstreetbets)... They are definitely a way for us 'poors' to ride waves. Plus they aren't illegal because although its a collaborative effort, and quite an unconventional means of investing... the SEC can do nothing about it as it's end-user collaborative (not a licensed broker).
The only drawback is you're ultimately acquiring your gains from other folks who didn't dump in time... not from the increased value of the actual business you're putting money into...
I put $2500 into crypto (via coinbase) this year, Ethereum and Compound. The gains i made in Ether have so far offset the losses i have in compound, It's at $2534 right now.
If i jumped ship, back in the beginning of September i would have had $3900.
Also, I've been investing in my company for a while now with a 15% employee stock discount. West Pharma (WST), it's only going to continue to grow as a result of this never-ending pandemic. we supply the caps for the vials, as well as other components to contain the vaccine and test samples.
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