Popular updated videos relevant with cap Stock, Best Pennies Stocks, and Headspace Stock Symbol, Your 1st Portfolio | Financial Flexibility #003.
In this episode of Financial Flexibility we’re discussing the basics of your 1st Investment Portfolio.
This series is designed to put you in control of your finances early and help you develop good habits that net an INSANE ROI over the course of your career.
CHOOSING A BROKERAGE:
Congratulations. If you’re looking at brokerages you’re already making the commitment to your personal finances and doing more than the majority of Americans. Choosing a brokerage is the first step to stock ownership and ultimately reaching your financial goals.
Some of the most common brokerages are Fidelity, Charles Schwab, E-Trade, TD Ameritrade, and Robinhood. Take the time to look into each one, make a decision based on whatever you feel comfortable with. Some offer no commission fees, some offer consultations. There is no wrong decision!
Look into your company sponsored 401k plan, you can always open an individual investment account under the same brokerage. I did this with Fidelity, funded my account, and was ready to go.
Now that your account is funded you’ll learn that investing is a rush, it’s gambling, an adrenaline high everyday from 9:30am – 4pm. As a young investor I can get caught up in the emotional side of everything. I watch my portfolio grow and feel invincible. Many of us have felt something similar to this.
As a young investor you catch yourself refreshing your portfolio, staring at stock charts all day, and making impulsive trades. All of this stems from a lack of patience. I invest because I want to grow my money, when I don’t see results/returns fast enough emotional decisions are made.
Understanding where your head is at when it comes to your personal investment portfolio is the key to successful trading. Your trades, portfolio diversity, and ultimately your success leans on your mindset.
2 COMMON INVESTMENT STRATEGIES:
Diverse Index Funds
A good portfolio is a diverse one. Index funds are designed to help you invest in the stock-market as a whole. Vanguard is the largest index fund manager in the world and they’re considered the gold-standard. You can choose to invest in one fund or multiple if you’d like .
A common fund is VFIAX (Total Stock Market Index) which gives you access to small, mid, and large-cap stocks. The index is comprised of over 3,500 stocks, this gives you diversity and hopefully great returns over time. You can buy this index through your brokerage of choice under the ticker symbol VOO.
If you’re looking to add more diversity you can add U.S Bonds and International Stocks as well. Check out VBTLX and VTIAX found under the ticker symbols BND and VXUS. If you’re taking a hands-off approach to investing you can always buy a few shares of these indexes and set it and forget it.
Dividend Growth Investing
This is another passive investment strategy. You choose stocks in multiple sectors/industries that provide their investors with a dividend. Those dividends are paid to you on a quarterly/annual basis. You re-invest the dividends that are paid to you in order to compound your money and get more returns. It’s simple and very hands-off.
Some dividend stocks include: Exxon Mobil, Boeing, Coca-Cola, Cisco Systems, McDonald’s, Goldman Sachs, Microsoft, and Home Depot. You can see the wide variety of industries/categories these all fall into.
Over multiple decades these stocks should see solid returns and you should be rewarding for investing in them.
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Headspace Stock Symbol, Your 1st Portfolio | Financial Flexibility #003.
Stocks Behind The Scenes
The Security Exchange Commission (SEC) defines a penny stock as anything with price under $5. This is the reason these stocks are appropriately called stocks in the very first location. You must do your own research study. completely.
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Usage Limit Orders With Cent Stocks
We have to discover what works for us and apply them. Trading regular stocks implies capturing a small part of a big relocation. These stocks can in some cases be extremely unpredictable. You can trade them in NASDAQ (OTC) and in the NYSE.
Initially, the huge majority of them simply aren’t that popular. They are not home names so investors do not automatically consider them or seek them out for more research.
Generally, these stocks are low priced shares available for less than a dollar each. The Best Penny Stocks to purchase are those which are chosen diligently. As these stocks are inexpensive, many people choose to purchase them. One can own a company by spending a small quantity of cash as compared to established companies. If the business have the potential to multiply their assets, a financier availing their stocks can make optimal earnings on the pennies. Owing to their low rates the cent stocks are bought in great deals and a little change in the rate can result in severe revenues and or losses.
Considering the above, it is most likely not a good idea to try to choose Penny Stocks on your own, regardless of whether you are a knowledgeable trader. Unless you are prepared to turn it into a full time profession AND you have that “Columbo” (or Monk) flair piecing together ideas that nobody else appears to be able to see, you’ll probably never ever get proficient at these types of stocks.
The broker you pick must be competent sufficient to monitor your cent shares regularly. This is because a boost or decline of even a few cents in penny share can lead to a revenue or loss in your investment.
While this may seem to be a discouragement, trading them can be very lucrative. This is especially real for those who have been best about an organization early on. So do not choose to avoid such Penny Stocks Trading. It would be to have some flexibility if there’s one piece of recommendation on how to trade them. Although, this requires confidence and guts, so be sure you’re prepared for the challenge.
As a Penny Stock trader you may be affected by numerous factors, a stock idea from your great friend, a post in a newsletter, TELEVISION, the web, the newspaper. All of these “pointers” might not be bad but you require to do your research to make sure you are not buying into hype or at the top of a bubble that is about to rupture causing you to lose all you financial investment.
Make the most of stop orders. Ensure you have a standing stop order in place for your portfolio. When handling penny stocks, a market downturn can drain your account quickly. Although there’s potential for growth with these investments, there is also a capacity for big losses.
As these stocks are budget friendly, lots of people prefer to buy them. And similar to when you go to a gambling establishment, do not trade more than you are ready to lose. This is actually a really great picking tool.
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