HighwayTrout
Hooked
[emoji106] Another classic thats on my bed time story rotation.
Banks/Money Managment
- Thread starter longarmwj
- Start date
[emoji106] Another classic thats on my bed time story rotation.
RockinAZJK
Caught the Bug
For those of us who are new to investing: do you have any advice on what brokerage service to use or particular stocks I should be looking at?
There’s so many trading services that it’ll make your head spin trying to figure out which is better.
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There’s so many trading services that it’ll make your head spin trying to figure out which is better.
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fiend
Caught the Bug
The safest and easiest thing to do is a low fee, retirement date index fund. Fidelity and/or Vanguard has them. Diversified, low cost, self-balancing.
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Noble Woodsman
New member
danford.lau
Caught the Bug
So what’s your read ? Doubling down right now or markets still dropping ? This virus hasn’t played itself out yet and I feel like it’ll get worse before rebounding ..
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notnalc68
That dude from Mississippi
Excellent advice, from Fiend. Crawl before walk, and walk before you run. Read, learn, subscribe to Morningstar.
Fidelity has excellent low cost funds, a nice app, and no charge trades.
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notnalc68
That dude from Mississippi
You’ll never buy at the bottom, unless you are extremely lucky.
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uberc4
New member
I have bought a few shares here and there to help lower my cost basis, but I feel like it is going to get much worse in terms of the global impact. An analyst said the Virus had the same characteristics as the Spanish flu of 1918. The flu was not too bad in the spring, died off in the summer, then came back in the fall/winter to wreak havoc. So we will see.
Remember it’s time in the market not timing the market.
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RockinAZJK
Caught the Bug
Thanks guys! I’ll look into Morningstar and Fidelity.
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notnalc68
That dude from Mississippi
I wouldn’t sweat this virus much. I certainly wouldn’t listen to a market analyst about a disease. The regular flu has hospitalized 310,000 people, and killed 2,900 in the USA this year. Most people aren’t concerned enough to get a flu shot.
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JKbrick
Active Member
If you use an investor I found out the hard way to use a fiduciary. They take an oath to do what is in your best interest not their best interest
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Noble Woodsman
New member
I wouldnt trust that oath. There is no legal obligation for them to abide by it, nor is there a clear definition of "best interest"
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Noble Woodsman
New member
I agree completely. IMO the markets have been overdue for a correction for several years now, and the corona virus is just the latest perturbation to trigger it. I dont thing the coronavirus itself is the issue, but rather the economical impact that the quarantines have had on China's Q1 economy are the bigger problem. The death rate is around 5%, and even SARs was higher at around 7% or something.
My personal prediction has been the same for the last five years: a global recession will happen within 6 months of the 2020 US presidential election. Not sure if it will be before or after, but political fallout will be crazy either way.
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Jkzinger
Caught the Bug
If you are looking for advice on stocks from a Jeep forum you need to stay with mutual funds or take the time to really learn and research stocks on a continual basis. It is not something you just get lucky at over the long haul without putting in the work.
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WJCO
Meme King
Enough said :thumb:
notnalc68
That dude from Mississippi
Good advice. I’ve had to learn some things the hard way.
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RockinAZJK
Caught the Bug
Lol fair enough. I’ve done a good bit of research. Have a mutual fund going through my credit union. Even went back to college taking night classes for finance. It’s not so much the stocks or strategy, it’s more so that most things I’ve read have thrown out 5-10 different brokerage companies. So I like seeing what others use and if they have specific things they’ve found the hard way not to do.
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Clifford33
Caught the Bug
I love Dave Ramsey I follow some of his principle as well. It’s nice not being in debt.
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Exodus 4x4
New member
Yep. I know a few things about the oil industry and I can tell you for certainty that most oil and gas corporations can not sustain these prices long term. That’s the scary part. Even scarier is a lot of the shale oil companies partnered with Chinese investors...
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