[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.

[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]

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]

Free ebook on Investing
The Intelligent Investor
by Benjamin Graham

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

[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, 2 months ago by  Hannibal X.

[Hannibal XKeymaster 23 pts]

This is brilliant because it makes sure people to get up! Are you going to be getting a Ruggie?

I can respect the invention and I know there’s probably a few people that need this. But I don’t even use an alarm clock. My circadian rhythm wakes me up at the same time every day. lol

[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.

[Hannibal XKeymaster 23 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.

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