Hey guys im 22 years old and i was looking for some advice on how I can get my bankroll up. I started investing a couple years ago with about 28k. I invested in stocks like Apple and some other tech stocks. I probably got a bit lucky and caught the market went it was hot, but I made my way up to 33k. I got a bit cocky about a year ago and put 5k into an apple call option. that obviously didn't go too well. I lost all 5k as the option expired and I am also invested in stocks: EMC, SBUX, ZAGG, and NEM. These stocks haven't been too hot either so my portfolio value is sitting at about 23k. I'm down 5k over 3 years and pretty pissed off about it, especially when i was up 5k at one point. Should i pull this money out of the market and see if I can make it back betting on sports or should i ride it out for a bit longer. im not really sure where this market is headed and im really feeling remorse after over investing and not diversifying.
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To remove first post, remove entire topic.
Hey guys im 22 years old and i was looking for some advice on how I can get my bankroll up. I started investing a couple years ago with about 28k. I invested in stocks like Apple and some other tech stocks. I probably got a bit lucky and caught the market went it was hot, but I made my way up to 33k. I got a bit cocky about a year ago and put 5k into an apple call option. that obviously didn't go too well. I lost all 5k as the option expired and I am also invested in stocks: EMC, SBUX, ZAGG, and NEM. These stocks haven't been too hot either so my portfolio value is sitting at about 23k. I'm down 5k over 3 years and pretty pissed off about it, especially when i was up 5k at one point. Should i pull this money out of the market and see if I can make it back betting on sports or should i ride it out for a bit longer. im not really sure where this market is headed and im really feeling remorse after over investing and not diversifying.
Hey guys im 22 years old and i was looking for some advice on how I can get my bankroll up. I started investing a couple years ago with about 28k. I invested in stocks like Apple and some other tech stocks. I probably got a bit lucky and caught the market went it was hot, but I made my way up to 33k. I got a bit cocky about a year ago and put 5k into an apple call option. that obviously didn't go too well. I lost all 5k as the option expired and I am also invested in stocks: EMC, SBUX, ZAGG, and NEM. These stocks haven't been too hot either so my portfolio value is sitting at about 23k. I'm down 5k over 3 years and pretty pissed off about it, especially when i was up 5k at one point. Should i pull this money out of the market and see if I can make it back betting on sports or should i ride it out for a bit longer. im not really sure where this market is headed and im really feeling remorse after over investing and not diversifying.
Cope and paste this^^^^. Save it. Look at it 10 yrs later and realize what a d u m b a s s you were.
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Quote Originally Posted by mdrsports31:
Hey guys im 22 years old and i was looking for some advice on how I can get my bankroll up. I started investing a couple years ago with about 28k. I invested in stocks like Apple and some other tech stocks. I probably got a bit lucky and caught the market went it was hot, but I made my way up to 33k. I got a bit cocky about a year ago and put 5k into an apple call option. that obviously didn't go too well. I lost all 5k as the option expired and I am also invested in stocks: EMC, SBUX, ZAGG, and NEM. These stocks haven't been too hot either so my portfolio value is sitting at about 23k. I'm down 5k over 3 years and pretty pissed off about it, especially when i was up 5k at one point. Should i pull this money out of the market and see if I can make it back betting on sports or should i ride it out for a bit longer. im not really sure where this market is headed and im really feeling remorse after over investing and not diversifying.
Cope and paste this^^^^. Save it. Look at it 10 yrs later and realize what a d u m b a s s you were.
Stock market is a terrible short term investment. Get your money out immediately. Be happy you only lost $5K. Hold some precious metals in the meantime.
~~~~~ZOSO~~~~~
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Stock market is a terrible short term investment. Get your money out immediately. Be happy you only lost $5K. Hold some precious metals in the meantime.
I wouldn't take the money out and bet with it that's for sure. Do you have any credit card debt or a car loan with an interest rate higher then 5 percent? Pay that off and keep the rest in cash until you find a stock that's worth the risk.
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I wouldn't take the money out and bet with it that's for sure. Do you have any credit card debt or a car loan with an interest rate higher then 5 percent? Pay that off and keep the rest in cash until you find a stock that's worth the risk.
don't listen to anyone's advice, not even mine that I'm going to give you now. Educate yourself, research before you do anything.
I've invested for close to 20yrs now and at your age you have one great asset, time.
If you don't need the money to live by, I'd do the following:
1. Diversify - around 7 stocks and none in the same sector b/c you're over exposing yourself. 2. By metals - I buy monthly, small amount, but build my stack for the long term. When you sell, it's tax free, that in itself is big. 3. Dollar cost average - I like to spread out my investment in stocks over a few time periods, remove emotion and understand the market. 4. Have a goal for your stock and if you want to lock in profits, add a trailing stop loss. i.e. set up a 10% trailing stop loss. If you're stock you buy goes from 20 to 40, your trailing stop loss goes from 18 to 36, so if the stock fell to 36 it triggers your sale (protects ur gains). 5. Don't be afraid to sell your losers and find another stock. 6. Buy what you use, know the economy. i.e. the chip maker for ur popular gaming system, etc.
Hope I've helped and again don't listen to me, educate and congrats on having over 20k in your possession at the age of 22. Most of the tools on this site who insult life wish they were you.
Good luck.
Hope this helps.
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don't listen to anyone's advice, not even mine that I'm going to give you now. Educate yourself, research before you do anything.
I've invested for close to 20yrs now and at your age you have one great asset, time.
If you don't need the money to live by, I'd do the following:
1. Diversify - around 7 stocks and none in the same sector b/c you're over exposing yourself. 2. By metals - I buy monthly, small amount, but build my stack for the long term. When you sell, it's tax free, that in itself is big. 3. Dollar cost average - I like to spread out my investment in stocks over a few time periods, remove emotion and understand the market. 4. Have a goal for your stock and if you want to lock in profits, add a trailing stop loss. i.e. set up a 10% trailing stop loss. If you're stock you buy goes from 20 to 40, your trailing stop loss goes from 18 to 36, so if the stock fell to 36 it triggers your sale (protects ur gains). 5. Don't be afraid to sell your losers and find another stock. 6. Buy what you use, know the economy. i.e. the chip maker for ur popular gaming system, etc.
Hope I've helped and again don't listen to me, educate and congrats on having over 20k in your possession at the age of 22. Most of the tools on this site who insult life wish they were you.
Don't start betting on sports until you "practice". Open up an account online with $100 and see how much you can turn that into in six months. If you lose it all, you'll know to stay away from sports gambling. If you do well, maybe you should consider putting 5K into the account and wager with $50 units.
That said, it would be a smart move to NOT bet sports at all... to not even start. Very few people do it and actually make money.
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Don't start betting on sports until you "practice". Open up an account online with $100 and see how much you can turn that into in six months. If you lose it all, you'll know to stay away from sports gambling. If you do well, maybe you should consider putting 5K into the account and wager with $50 units.
That said, it would be a smart move to NOT bet sports at all... to not even start. Very few people do it and actually make money.
Also something I would suggest, meeting with bank representatives and people who can suggest mutual trustfunds that are medium risk. I see that you are angry that after 5 years, it feels like a waste. With a mutual trustfund, that will rarely be the case, depending on what you choose. It's good to have something safe and less risky, while you are taking risks and venturing and buying stocks and watching patterns as well as mathematical and psychological algorithms.
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Also something I would suggest, meeting with bank representatives and people who can suggest mutual trustfunds that are medium risk. I see that you are angry that after 5 years, it feels like a waste. With a mutual trustfund, that will rarely be the case, depending on what you choose. It's good to have something safe and less risky, while you are taking risks and venturing and buying stocks and watching patterns as well as mathematical and psychological algorithms.
i like EMC- great company and starting to move into the solutions provider space in addition to only making storage products don't pay dividends tho which sucks...im in a similar boat to you as welll but i am looking to build my portfolio with some nice solid long-term companies that pay dividends bol
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i like EMC- great company and starting to move into the solutions provider space in addition to only making storage products don't pay dividends tho which sucks...im in a similar boat to you as welll but i am looking to build my portfolio with some nice solid long-term companies that pay dividends bol
If you are young and don't know what you are doing in the market, SPY makes the most sense. If you want some diversification away from equities, find a nice balanced, low fee mutual fund. At your age, and with your lack of experience, anything else you do will be fighting an uphill battle
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If you are young and don't know what you are doing in the market, SPY makes the most sense. If you want some diversification away from equities, find a nice balanced, low fee mutual fund. At your age, and with your lack of experience, anything else you do will be fighting an uphill battle
If you are young and don't know what you are doing in the market, SPY makes the most sense. If you want some diversification away from equities, find a nice balanced, low fee mutual fund. At your age, and with your lack of experience, anything else you do will be fighting an uphill battle
Bullshiit. Stay away from Wall Street completely.
~~~~~ZOSO~~~~~
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Quote Originally Posted by Wake2002:
If you are young and don't know what you are doing in the market, SPY makes the most sense. If you want some diversification away from equities, find a nice balanced, low fee mutual fund. At your age, and with your lack of experience, anything else you do will be fighting an uphill battle
Hey guys im 22 years old and i was looking for some advice on how I can get my bankroll up. I started investing a couple years ago with about 28k. I invested in stocks like Apple and some other tech stocks. I probably got a bit lucky and caught the market went it was hot, but I made my way up to 33k. I got a bit cocky about a year ago and put 5k into an apple call option. that obviously didn't go too well. I lost all 5k as the option expired and I am also invested in stocks: EMC, SBUX, ZAGG, and NEM. These stocks haven't been too hot either so my portfolio value is sitting at about 23k. I'm down 5k over 3 years and pretty pissed off about it, especially when i was up 5k at one point. Should i pull this money out of the market and see if I can make it back betting on sports or should i ride it out for a bit longer. im not really sure where this market is headed and im really feeling remorse after over investing and not diversifying.
Well if your 22 years old you're not a kid. You sure sound like one though and also like a dumbass. Sounds like you inherited that 28k and now your gonna piss it away trying to invest in garbage you know nothing about.
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Quote Originally Posted by mdrsports31:
Hey guys im 22 years old and i was looking for some advice on how I can get my bankroll up. I started investing a couple years ago with about 28k. I invested in stocks like Apple and some other tech stocks. I probably got a bit lucky and caught the market went it was hot, but I made my way up to 33k. I got a bit cocky about a year ago and put 5k into an apple call option. that obviously didn't go too well. I lost all 5k as the option expired and I am also invested in stocks: EMC, SBUX, ZAGG, and NEM. These stocks haven't been too hot either so my portfolio value is sitting at about 23k. I'm down 5k over 3 years and pretty pissed off about it, especially when i was up 5k at one point. Should i pull this money out of the market and see if I can make it back betting on sports or should i ride it out for a bit longer. im not really sure where this market is headed and im really feeling remorse after over investing and not diversifying.
Well if your 22 years old you're not a kid. You sure sound like one though and also like a dumbass. Sounds like you inherited that 28k and now your gonna piss it away trying to invest in garbage you know nothing about.
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