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?
Be very careful with ETF's. They move 3 times faster, So you can make 3 times more or you can move 3 times fast. Like today and yesterday, stocks started to sink. Would have made good money on SQQQ. Last week you would have done good with TQQQ
I didn't know what you meant by these ETF's moving 3X faster, but I see that those are leveraged ETFs - they borrowed money to increase shareholding (I just mentioned that to clarify for others). Not all ETF's are leveraged like that. For example QQQ is the non-leveraged ETF of TQQQ.
I could see how you can quickly make/loose a lot of money with those particular ETFs. Thanks for sharing those. Tempting stuff.
Be very careful with ETF's. They move 3 times faster, So you can make 3 times more or you can move 3 times fast. Like today and yesterday, stocks started to sink. Would have made good money on SQQQ. Last week you would have done good with TQQQ
I didn't know what you meant by these ETF's moving 3X faster, but I see that those are leveraged ETFs - they borrowed money to increase shareholding (I just mentioned that to clarify for others). Not all ETF's are leveraged like that. For example QQQ is the non-leveraged ETF of TQQQ.
I could see how you can quickly make/loose a lot of money with those particular ETFs. Thanks for sharing those. Tempting stuff.
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