No problem, Brother. Glad to do it.
I usually never give investment advice but....
- Thread starter Tito_Jackson
- Start date
Thanks for dropping this info @Tito_Jackson! I really want to educate myself more and start working towards goals like this.
Props to @Tito_Jackson for the advice. When people understand the money system, it is natural to make money.
here is some more advice, if you want to be self sufficient and learn don’t let the profane of BGOL cloud your mind and make the logical brothas disengage because of parroting ignorance and propaganda.
here is some more advice, if you want to be self sufficient and learn don’t let the profane of BGOL cloud your mind and make the logical brothas disengage because of parroting ignorance and propaganda.
Congrats to anybody that got in Ulta today!!! DAMN they did numbers!!!
What’s the best portfolio for a toddler so that they can have money for school at 18. Will be good but I want to have at least 500k to 1 million to do with whatever. Also what’s the best way to do it. I’m thinking monthly 1k to 3k. Your thoughts? Btw, goes to college for free. I want them to be light years ahead in life for the start.
Salute. Spoken like a man that wants to leave a legacy.
Bro,
After this, you need to keep buying shares every month like clock work. In fact, buy your child's shares before buying yourself any new clothes, shoes, movies, etc. Make buying your child's shares a priority like paying the electric bill. Your child will have at lest a half million if you make the commitment.
Other stocks like Walmart and Microsoft are also steady gainers.
The last suggestion, everyone will not agree with. But, I strongly advise getting airline stocks as soon as possible. This is a long play. Things won't turn around overnight, but they will and once airline travel resumes a new normal it will be too late to get on board.
Hope this helps.
Congratulations on taking the first step towards generational wealth.
Do you have $3000? Ready? If I was just getting started, regarding setting up my kids financially for the future, I would buy Tesla and Apple today!!! Or at least before the split. Both stocks will be splitting on Monday. Apple will split into 4 stocks and Tesla will split into 5 parts. The intrinsic value will be the same at the split for both. However, there will be a massive rush to buy the then "cheaper" stock which will quickly drive the price up. Both will continue to grow steadily over time. If you can, buy what you can comfortably afford. This is not a get rich overnight play. Please understand this. Checking the prices everyday after you buy will drive you insane, so don't do it. Just trust the strategy.
After this, you need to keep buying shares every month like clock work. In fact, buy your child's shares before buying yourself any new clothes, shoes, movies, etc. Make buying your child's shares a priority like paying the electric bill. Your child will have at lest a half million if you make the commitment.
Other stocks like Walmart and Microsoft are also steady gainers.
The last suggestion, everyone will not agree with. But, I strongly advise getting airline stocks as soon as possible. This is a long play. Things won't turn around overnight, but they will and once airline travel resumes a new normal it will be too late to get on board.
Hope this helps.
Congratulations on taking the first step towards generational wealth.
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Yes I do. I knew about the Tesla split but not apple. My buddy said to wait, he’s in Tesla. I said the same thing about airlines, the snap back will come in a year. Yep, that’s the schedule I’m taking, also looking at Sony. Ps5 will do well plus we are still +8 months in Covid so entertainment hubs will continue to do good. Thx!
Brotha - your kids will be naming their grandkids after you.
$5-10k in 18 years will give them six figures minimum when they turn 18 and they can go to college free or even use it to start a business.
my parents didn’t have that financial literacy despite being educated but luckily, I do. It is simple to become a millionaire but most wont because it takes time, discipline and sacrifice.
Same here. The other thing I’m trying to tell my siblings and friends is to get something from insurance when you die. I personally will die broke and leave everything to my kids. I had a good run, just want them to be able to move around off my sacrifices and hard work.
So is there a real difference if you purchased Tesla or Apple before the split?
I mean if I had one $400 Apple share I now have 4 $100 shares. Do I lose profit value this way or will accumulate more?
I mean if I had one $400 Apple share I now have 4 $100 shares. Do I lose profit value this way or will accumulate more?
Yes. Simply, its the amount of capital needed to get in the game. If anyone took my advice and jumped in on Monday, you would be on the way already.
Today is a great day to get in because tech is down across the board. When you see red, buy.
Hey man, I got 500 to start today I bank with chase, should I open up a JP Morgan brokerage account or Amertrade-Etrade?
Hit me up
Starting small and will work my way up.
TD Ameritrade, no doubt about it.
props to @Tito_Jackson for keeping this thread alive. Too many agents and so-callled white infiltrators to share this kind of knowledge openly.
HEY Bruh..I have $10..which stock should I place it on
This is a great thread... I'm interested in trading options (QQQ) etc... How did you guys get your start and how did you educate yourself?
I'm familiar with candlesticks and I can read a stock chart. I'm having issues choosing the right stock price though.
I'm familiar with candlesticks and I can read a stock chart. I'm having issues choosing the right stock price though.
A lot of youtube vids, asking Tito a bunch of questions and losing money making mistakes til you start getting it right.
is there a way to merge this thread with the "heavily investing one"? i just found this one @Tito_Jackson started.
I've already subscribed to this guy's YouTube channel. He's good. Thank you, Bro.
I'm currently taking a few classes on Udemy. I'm learning about Option Spreads etc... I plan to start trading in December. I wanted to get my knowledge up first.
Knowledge is key! I just invested and learned as I went. I would double up then lose it all, and double up again an lose it all. Granted because I was learning I only used $500 to buy a contract or two but I'm getting the hang of it.
There is a Facebook group as well Come Up Cousins. They do recaps of the vids and drop companies to look at etc. A lot of knowledge. Happy hunting bro.
You should never have to take a huge loss. If you do its because you entered at the wrong time and/or set a terrible stop loss. Check your risk management. If you're looking at a chart and set your stop loss just under the next logical support/resistance, and your odds aren't 3:1 dont take that trade
My fault. I thought I was responding to mailboxpimp. You definitely know what you're talking about. I need to get at you mayne. Im a new trader but im picking it up fast
Generally true however a stop loss is useless when the MMs play those games and halt then reset the price below the stop. Proof positive example on BGOL is the $GNUS offering months back.
this is why I’m waiting until December when tax loss selling commences. I’m going to be short selling all month. That is what the majority of day traders do: options and short selling.
I was interested in trading stocks, but then I heard about options.
Now here's my question: I can see why a person would buy a stock (at least in a buy and hold situation and for long term growth). But if a person is interested in "trading" and making money daily, weekly, and monthly; wouldn't it make more sense to purchase an option?
One option contract allows you the control of 100 shares of underlying stock at a fraction of the price. It really doesn't matter if your bullish or bearish, you can still purchase an option that will match your directional bias. I understand that there's the time decay issue with options; but you know the expiration date going in.
Now here's my question: I can see why a person would buy a stock (at least in a buy and hold situation and for long term growth). But if a person is interested in "trading" and making money daily, weekly, and monthly; wouldn't it make more sense to purchase an option?
One option contract allows you the control of 100 shares of underlying stock at a fraction of the price. It really doesn't matter if your bullish or bearish, you can still purchase an option that will match your directional bias. I understand that there's the time decay issue with options; but you know the expiration date going in.
You're right, this is exactly why a lot of folks trade options. Once you know the ins and outs there are a lot of advantages for trading options vs individual stocks.
INVEST in stocks long term
TRADE options short term
..with that said, you can also do long term options to protect your losses as well. Another strategy.
It's all relative. Say you had 100k to invest and you bought stock A at $10 and it rose up to $12. And you sold it that same day. You just made $20K. That's a good look.
You could do a similar trade with options by purchasing 100 call option contracts at $2 and selling at $4. The initial trade would have been $20K, but you would have made $20K. If the option contracts doubled.
What's the difference? The amount of capital needed for the trades and the risk involved. You are less likely to lose a huge percentage of your investment just trading stocks. But with options, the likelihood is much greater due to the volatility. I've seen contracts lose 90% of their value in one day. And these are stable stocks like MSFT, APPL, etc.
You can make money with both paths. There is definitely more risk involved with Options.