Current Events > Impulse bought Tesla stock last week and I'm already up $300 >_>

(+) Yeah! (+)

I have zero clue about stock trading. It sounds like gambling to me lol so I'm just using some extra disposable income for it.

All my retirement investments are in mutual funds and a roth IRA >_> But I figure I'd dip my toe in the stock market and bought 5 stocks of Tesla since they just split their stock.

Any actual non-meme advice about stocks? >_> I don't want to spend too much since I don't know much about it, but I'm always open to hear about what's good or bad

---

memevesting is the future, embrace the meme

---

nah

---

Buy really cheap dividend paying stocks

Like a shitload of them

And have dividends reinvested back into the stock that paid them so when you have enough, your dividends will start buying full shares for you

---

what's a good dividend stock?

---

I would just buy the market consistently unless you really want to get into stocks.

Or you can just keep speculating, which yeah, is basically gambling

---

NeonOctopus posted...

what's a good dividend stock?

Ford's was pretty good. Paid $0.60 a year and the shares have been under $10 for awhile (around $7 now). They suspended it back in March though, but I'm guessing it'll be back so I'm still buying shares - also because I'm optimistic that they'll be increasing in value by quite a bit when they revamp their lineup over the next few years.

---

Choose from the dividend aristocrats.

---

I bought my TSLA too early, down $30 at least it's going up.


---

I should've cashed out on nvidia before they fucked up yesterday.

---

FabIe posted...

I should've cashed out on nvidia before they fucked up yesterday.

.....so are you saying to buy nvidia? lol

---

For dividends I recommend regular ass ETFs first off. SPYD is an S&P 500 High Dividend Yield ETF, and VYM is a Financial Times Stock Exchange 100 Index high dividend yield ETF. Might also look at CIBR (NASDAQ Cybersecurity ETF for a combination of growth potential with some dividend payout).

Could also consider certain regulated public utilities like Dominion Energy and Duke Energy - they're relatively low risk since they *are* regulated and everyone needs electricity and they're oftentimes working to expand capacity to meet growing energy needs.

Slightly riskier is something like MAIN (Main Street Capital); they pay out on a monthly scale, my last payment was 20 cents a share. They've done a good job *so* far at least at weathering the current crisis.

Even riskier than that is GAIN (Gladstone Investment). It's a similar type of firm to MAIN but smaller, shares are trading at under $10. They were on the rise up until the crisis hit, dropped by a few bucks. Still maintaining positive profitability for now but they haven't recovered as strongly as MAIN did. Anyway, they pay monthly as well, it's been about 7 cents a share.


---

FabIe posted...

I should've cashed out on nvidia before they fucked up yesterday.

why, because some nerds whined about bots buying graphics cards online?

People are going to forget about that in like two weeks. And they're expanding into arguably more lucrative markets - if they're successful there it's going to make whatever internet outrage that happened with the 3xxx cards even that less relevant.

---

Hexenherz posted...

why, because some nerds whined about bots buying graphics cards online?

People are going to forget about that in like two weeks. And they're expanding into arguably more lucrative markets - if they're successful there it's going to make whatever internet outrage that happened with the 3xxx cards even that less relevant.

So should I buy nvidia now?

---

NeonOctopus posted...

I have zero clue about stock trading. It sounds like gambling to me lol so I'm just using some extra disposable income for it.

All my retirement investments are in mutual funds and a roth IRA >_> But I figure I'd dip my toe in the stock market and bought 5 stocks of Tesla since they just split their stock.

Any actual non-meme advice about stocks? >_> I don't want to spend too much since I don't know much about it, but I'm always open to hear about what's good or bad

Sell dude sell

---

Shin Kudo posted...

So should I buy nvidia now?

@Shin_Kudo long term yes. If you're trying ro day trade and flip a quick buck. No

---

Here is Nvidia. I think they are down because people are afraid of Nvidia not being able to play neutral.



---

I also thought I'd just start out with a few hundred bucks but here I am a year later with 47k in my portfolio lol. Only up 12.57% total but it's fun tracking and learning.

---

Hexenherz posted...

I also thought I'd just start out with a few hundred bucks but here I am a year later with 47k in my portfolio lol. Only up 12.57% total but it's fun tracking and learning.

Tips please?

---

Hexenherz posted...

I also thought I'd just start out with a few hundred bucks but here I am a year later with 47k in my portfolio lol. Only up 12.57% total but it's fun tracking and learning.

Jeez how much of that did you put in yourself? I started it pretty late, back in March w the whole covid thing and put $1k. I'm only up like $200 or so, not that I know what I'm doing

---

Shin Kudo posted...

Jeez how much of that did you put in yourself? I started it pretty late, back in March w the whole covid thing and put $1k. I'm only up like $200 or so, not that I know what I'm doing

I started off good. But i got greedy. While i didn't put thousands in. I did made some profit. I sold some my shares. A coworker pulled me back in and then we lost.

---

Nvidia is going to make a killing since they're getting ready to buy Arm. ARM CPUs are used in so many places now.

---

I got a great stock tip from a family member a few years ago and am way up. Only stock Ive ever purchased and I know itll never happen to me again haha

my only regret is that I wasnt able to buy more original; stock has gone from ~$3 to $110 per share and I only had the cash when it was real low to buy a couple hundred dollars worth


---

Master_Bass posted...

Nvidia is going to make a killing since they're getting ready to buy Arm. ARM CPUs are used in so many places now.

Here was my previous post
-----------------
Here is Nvidia. I think they are down because people are afraid of Nvidia not being able to play neutral.



--------------

TheGoldenEel posted...

I got a great stock tip from a family member a few years ago and am way up. Only stock Ive ever purchased and I know itll never happen to me again haha

my only regret is that I wasnt able to buy more original; stock has gone from ~$3 to $110 per share and I only had the cash when it was real low to buy a couple hundred dollars worth

He must have been in the know.

---

About 40,000 of my own cash >_>. April was a prime time to buy but I was really fucking stupid and impulse bought a lot of shit during the drop because everything was already a lot lower than it normally was (like, I bought $3k worth of Norwegian at $29 a share because it was already half what it had been consistently trading at for a long time before that... and it's dropped even more -_- So gotta wait for that to recover). Got a *little* more patient and bought Delta later on when it got lower so that's up at least $320 in total... not a lot but it's w/e.


---

Hexenherz posted...

About 40,000 of my own cash >_>. April was a prime time to buy but I was really fucking stupid and impulse bought a lot of shit during the drop because everything was already a lot lower than it normally was (like, I bought $3k worth of Norwegian at $29 a share because it was already half what it had been consistently trading at for a long time before that... and it's dropped even more -_- So gotta wait for that to recover). Got a *little* more patient and bought Delta later on when it got lower so that's up at least $320 in total... not a lot but it's w/e.

I would put 47 into a ETF, index, or mutual funds.
Buy more delta. Also what is hot right now is the pharmaceutical companies.



---

omniryu posted...

Here was my previous post
-----------------
Here is Nvidia. I think they are down because people are afraid of Nvidia not being able to play neutral.

The Arm deal is a long term thing. I don't believe it went through yet but it'll probably pass muster. I see Nvidia going up in the future.

---

Master_Bass posted...

The Arm deal is a long term thing. I don't believe it went through yet but it'll probably pass muster. I see Nvidia going up in the future.

Oh yeah. Long term this thing will be a beast. But the value for now is going down because they think nvidia won't play fair.

---

Should I buy an airline stock? They all seem pretty down. Was eyeing United a bit >_>

---

I've started buying dividend stocks, too. I have a little bit in a number of different companies and I'm planning to build it up over time.

---

NeonOctopus posted...

Should I buy an airline stock? They all seem pretty down. Was eyeing United a bit >_>

---

Dividend stocks are for old people. Buy growth stock if you're young.

---

moar stock advice

---

NeonOctopus posted...

Should I buy an airline stock? They all seem pretty down. Was eyeing United a bit >_>

I went all in on most of the major airlines in April when they seemed to be at their lowest after Warren Buffet dumped all of his stocks. It's gone up but obviously not as high as it should be. IMO I feel like it would be good for long term investing but someone else feel free to correct me

---

Stock advice bump

---