Im 18 and got my first job, i wanna invest most of my money into stocks but everything seems at its peak, is it a good time to invest ? kinda deciding what to do...
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this site is not the right place to ask because its too international. you need to look at probably your own national market because of many reasons but the best being familiarity. You should also probably consider weather now is a good time to even invest in the stock market. Consider your country's inflation rate, look into banks and even just sitting your money in an account and compounding your interest. gov bonds. sometimes stock market is the wrong move yk. investing in stocks really only gets you the returns internet guru's have told you about when you already have money. It turns already big money bigger, and when its not doing that its paying out dividends to shareholders.
Overall if you're just sitting on money at 18, you should be looking for a bank with a good interest rate and trying to get that shit compounding ASAP. 10000% start with that and then maybe pool a bit of cash away, together with regular bank deposits, to invest in the stock market for more ~short term investments. invest in the things that you know/understand, and that you personally buy and that you think others will be continually interested in for the foreseeable future
its kinda boring but thats how real wealth is made and not gambled on. Getting ahead of it now when youre 18 also means youre gonna see a LOT more money when it matters. probably watch a video on compound interest rates!
PuGGey [#6]this site is not the right place to ask because its too international. you need to look at probably your own national market because of many reasons but the best being familiarity. You should also probably consider weather now is a good time to even invest in the stock market. Consider your country's inflation rate, look into banks and even just sitting your money in an account and compounding your interest. gov bonds. sometimes stock market is the wrong move yk. investing in stocks really only gets you the returns internet guru's have told you about when you already have money. It turns already big money bigger, and when its not doing that its paying out dividends to shareholders.
Overall if you're just sitting on money at 18, you should be looking for a bank with a good interest rate and trying to get that shit compounding ASAP. 10000% start with that and then maybe pool a bit of cash away, together with regular bank deposits, to invest in the stock market for more ~short term investments. invest in the things that you know/understand, and that you personally buy and that you think others will be continually interested in for the foreseeable future
its kinda boring but thats how real wealth is made and not gambled on. Getting ahead of it now when youre 18 also means youre gonna see a LOT more money when it matters. probably watch a video on compound interest rates!
dont do this, crypto is safer
Specific industries are at their peaks, and specific stocks within those markets are at their peaks.
Specific companies within an otherwise optimistic industry will face random challenges that will drive their price down temporarily, like some controversy or some unexpected issue with their primary supplier, etc.
Also people are always schizo about federal reserve interest rates, if you think the fed will cut rates then buy multiple different already undervalued stocks before they announce whether they'll cut or raise interest rates, and there'll be a stock rally the day after if you were right. Remember, most stocks will be affected one way or another by even the slightest hint that comes out to imply that the Fed will raise rates, such as consumer price reports and jobs reports
For legal reasons, this is not financial advice and take everything I said with a grain of salt.
NOX_- [#3]peak? I only see red everywhere when I open the trading app
Clearly u dont know what ur doing then
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