Investing Questions

[Hannibal XKeymaster 23 pts]

Drop all your investing questions in this thread.

[MrJonz90Participant 1 pts]

Are there any books that you suggest studying?

[Hannibal XKeymaster 23 pts]

The iPhone Stocks app is decent but usually I’m on desktop for trading and use tradingview.com. Also, Robinapp is great for beginners but your best bet for a trading account is probably Fidelity.

[Hannibal XKeymaster 23 pts]

Are there any books that you suggest studying?

[NLITE10Participant 8 pts]

Another book that may help for beginning investors is a book titled Smart Money Moves also written by James Lowell

[NLITE10Participant 8 pts]

Whats your stance on DRIPs and short positions? What are the best routes for beginning investors? Also I’m interested in your pov on the hemp and cannabis market, when do you think it will be time to take advantage of these markets?

Thanks for doing this!

[Hannibal XKeymaster 23 pts]

Whats your stance on DRIPs and short positions? What are the best routes for beginning investors? Also I’m interested in your pov on the hemp and cannabis market, when do you think it will be time to take advantage of these markets?

Thanks for doing this!

Shorts: If you think you can predict a downward turn on a stock, go for it.

DRIPs: These are usually expensive because these are established companies like Coca-Cola and Proctor & Gamble, which means your money is usually safer. But you pay tax on the re-invested dividends as if you cashed out. Keep also in mind that it’s a more involved process to sell these stocks. It’s not as simple as hitting the sell button on your broker’s website or app.

For new investors, I’d stay away from these options until you get more comfortable.

The marijuana and hemp markets are going to be interesting to watch. I’d look at the peripheral companies in this industry. Like packaging and POS software companies than individual firms. But there are probably a few diamonds out there.

• This reply was modified 8 years, 3 months ago by  Hannibal X.
• This reply was modified 8 years, 3 months ago by  Hannibal X.

[NLITE10Participant 8 pts]

Here’s a good read and investment opportunity for those interested in the cannabis market:
https://t.co/peaSMi6CiJ

Let me know your thoughts!

[DOEDoobsParticipant 2 pts]

I’ve found some good tutorials that has been helping me understand investing along with the content posted in the thread.

Investing 101 – http://www.investopedia.com/university/beginner/

Stocks Basics – http://www.investopedia.com/university/stocks/

All this information is new to me so I’m learning as I go along.

[NLITE10Participant 8 pts]

Here’s another investment opportunity I would like for people to look at: https://www.startengine.com/startup/elio-motors

Ali, whats your stance on investing in private companies such as this compared to companies on the public stock market?

[Hannibal XKeymaster 23 pts]

Free ebook on Investing
The Intelligent Investor
by Benjamin Graham

Allegedly, this is a good book for young investors..

[NLITE10Participant 8 pts]

Bro Ali, I have been doing much research before I jump into this stock funds frenzy. I feel like I am prepared to begin my next step as I understand my goals and objectives I wish to get out of the market. But for some reason I am struggling in taking that initial step in the direction I would like to go. I know there are so many options such as broker accounts or belonging to a fund network, but what would you suggest from your own experience that would be the best route to start with minimal investments just to get feet wet? Avoiding senseless fees such as loads.

Thank you

[Hannibal XKeymaster 23 pts]

Download the RobinHoodApp for free stock trading or get an account with Fidelity. I hear that they have no fees too.

• This reply was modified 8 years, 3 months ago by  Hannibal X.

[KingkelParticipant 1 pts]

How initially did you take that first steps? And from that experience any recommendations.

[NLITE10Participant 8 pts]

Are you aware of another app or service similar to Robinhood that allows free trading or that allows users to stay current and updated with the market? For some reason my device is not compatible to download Robinhood and they do not currently have services online on their browser yet.

Also understanding RISK. In your opinion, what do you think is the best game plan or principle/discipline for investing for immediate returns?

Thank You

[Hannibal XKeymaster 23 pts]

Hey Jasmine! Welcome.

There are a few books in this thread. Just scroll up. Also, you should find a link to a free e-book. Best of luck and keep the questions coming.

[Hannibal XKeymaster 23 pts]

It’s like summer by the pool. You know the water is gonna be cold, so you just have to dive right in.

My experience analogy is; It’s like being at the casino everyday. I enjoy watching the markets and researching companies. The more research you do on your investments the better your portfolio return should be.

[Hannibal XKeymaster 23 pts]

Are you aware of another app or service similar to Robinhood that allows free trading or that allows users to stay current and updated with the market? For some reason my device is not compatible to download Robinhood and they do not currently have services online on their browser yet.

Also understanding RISK. In your opinion, what do you think is the best game plan or principle/discipline for investing for immediate returns?

_____________

Fidelity doesn’t charge a fee to trade securities.

If you’re looking for immediate return, then don’t look to the stock market. This is a patient man’s game. You best game plan is to decide what type of investor you are. Aggressive or defensive. If defensive then you want to cover your stock bets with bonds, ETFs and IRA. 50/50 balance or 75/25 either way maximum. If stocks are yielding a higher return then put more money there and vice versa.

If you’re aggressive, put your money mostly into stocks. 10% of your earned income is safe. If you’re young, no kids and very little bills; jump into the stocks HARD! You can grab the bonds and ETFs when you get older. They’re only going to yield as much wealth as you have anyway.

[NLITE10Participant 8 pts]

I came across this investing app called Acorns. They can be found on Android market or Apple store. The system generates an automated managed portfolio based on your preferences. There are no fees for students and $1 a month for others. They also run this thing called round-up where they accumulate your spare change from transactions with your current bank and invests it. I recommend this app for young and beginning investors. They also have a Web App.

Start investing with @acorns today! Get $5 when you use my invite code: https://acorns.com/invite/GZUN9S

[jasbrownParticipant 0 pts]

Hello, my name is Jasmine. I am new to investing and would like more information on how to get started? Are there any apps or websites I should check out?

Thank you for your time!

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