Werd. Especially that “not needing” the money part. ANY trading/investment money is RISK CAPITAL and should be money not needed to live.
I don’t think anything less than $1-2k is realistic to learn to trade with myself just based on fees alone. But investments $400-$500 should be ok…key being longer term. I would NOT add $100 per paycheck etc… unless it was some kind of no commish/fee vehicle. In terms stocks I would save another several hundred and make a 2nd buy…so on.
after reading this thread: if you start a post basically looking for stock tips then that is a sign you are only ready for mutual funds.
seriously… and if you don’t already have mutual funds of even fully understand what one is… then stop reading this because the drive thru is backing up and they need more fries!!!
I forgot we were talking about stocks… lol.
my portfolio includes SOMD, F, MCET, AOG, MEA, i did have XTXI i bought at 2.40 and sold at 6 bux, its back down to 1.40 now, im sitting on all my stocks and slowly adding to the pile, 50$ from check goes toward them every week
that’s the jim cramer approach… I’m not sure medium term investing it going to work so well for you in this market. probably better with cash in the bank for a while longer vs. what you’re doing.