Stepping into the stock market. As a beginner, how am I doing?
Around two weeks back with zero stock market knowledge, I noticed I have around 25K lying in my bank which I didn't need immediately - thought of trying my hand at the stock market. I read a lot of articles on Investopedia to understand the terminologies and risks/profits related to stocks, Mutual funds, ETFs, Bonds, Gold etc. I watched few videos on youtube to know more and went through yahoo finance to see the history of stocks. Read brokers' reviews and opened an account with a broker who I thought could be a good fit for my requirements. Since I won't be playing an intra-day or intra month and will be planning on holding my investments over a very long period, I bought all the well known stocks like MCD, YUM, PEP, KO, Cerner. Also bought IAU (Gold ETF) around 10% of my portfolio. Bought three well performing Vanguard Mutual funds.
While I had absolutely no knowledge about what and how's of stock market prior to two weeks, from what I read and analyzed in two weeks - this is how I invested 25K. I may have around 1K to 1.5K every month in spare to put in stocks/Mutual funds in future. So, I wanted to ask - Any comments on how am I doing? or Any pointers, How could I have diversified my portfolio better?
- Mini MochibotLv 46 years agoFavorite Answer
Your portfolio's fine as it is. Just be sure to check every so often to see how they're performing. Since you're holding long-term, they'll eventually gain. Be patient :).
Make sure you read the news for each stock as well, or have updates sent to you. If some good news occurs, and a stock rockets, you should sell it, and wait for it to drop a bit before buying back in.
- s tLv 46 years ago
You will most likely trade all your money away if you try to buy/sell stocks. All you need is a 50/50 mix of a lifecycle mutual fund, and an intermediate bond fund. Every few years, maybe ten years, their will be a big correction in the markets with blood on every street, that is the time to move some of that bond money into your lifecycle fund. Have all this inside a roth ira. Also, get the best job you can, live within your means and take care of your health. And stay off crack.
- 6 years ago
WOW! Read, learned terminologies, researched stocks, researched and opened and account, researched and bought all those stocks learned about ETF and bought 3 very good Vanguard mutual fund and after from 25k, you still have about 1k to 1.5k spare to put in more stock/mutual funds.
The way I see it, if you have been able to do all that in 2 weeks you are a genius already.
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- kelby7670Lv 76 years ago
You are correct in investing for the long term. I buy a stock and then wait a year. Then I watch it for a month or so. Then I may sell it or I may just forget about it for a few months. Then, every few months I repeat the process.
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