Does Anyone Use Robinhood?

Discussion in 'General' started by VixR, Aug 24, 2019.

  1. TheShinning

    TheShinning "You are your best thing"

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    I bought 1k worth of ripple a year ago when everyone was saying it would be the next bitcoin, I should’ve known better :bell: has anyone read the book rich dad, poor dad? My husband was reading it last month and I just picked it up out of curiosity and now I’m really interested in stocks. I don’t know where to begin, anyone know a good beginners guide to stocks? preferably Islamic friendly.
     
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  2. Tukraq

    Tukraq

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    :mjlol:who the hell said ripple would be the next bitcoin
     
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  3. merka

    merka

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    Thanks glad to be back lol

    Stock options are short to medium term trading strategy used to speculate on price movements or as a hedge for large stock investments.

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    I can't go into much detail here but there's plenty of resources online for you to check out. Let me know if you have any questions.

    I got into the BYND craze for a bit couple of months ago. Cant believe how high the stock went up.

    But I probably wont be buying any of these plant based meat company stocks in the near future. They're extremely overpriced right now.
     
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  4. Abdalla

    Abdalla Medical specialist in diagnosing Majeerteentitis Prof.Dr.Eng. VIP

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    I'm also in a discord group as of now with bunch of white geeks. They solely buy vanguard etfs, which is basically efts of all the indexes ( Dow Jones, aex, Australian index, you name it). It has a quite low risk. They're making decent returns. I can invite you but they're Dutch geeks

    I am also reading a nice article with strategies on how to retire earlier plus buy a house by saving 50% of your income and putting them in a fund. My good friend @larrythePuntite forwarded me that article.


    Coincidentally, this articles also trades with vanguard. I was already in the vanguard discord before Larry send me this article.
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    But before getting into trading learn this basic skill which is SAVING. Make sure you save 10k. After paying all your bills, you can easily live on a 50 euros a week budget for your groceries. I know a guy that lives on a 20 euros budget.
     
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  5. Abdalla

    Abdalla Medical specialist in diagnosing Majeerteentitis Prof.Dr.Eng. VIP

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    Doqon, 1k is not an amount to experiment with. Don't give me 'I can afford it' nonsense. Stop wasting your husbands money.

    I read that book. Aside from learning the difference between asset and a liability, it teaches you absolutely nothing.

    Anyways get into the vanguard etfs, and read the long step by step guide I posted. You can also read “The Intelligent Investor” by Benjamin Graham
     
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  6. VixR

    VixR Veritas VIP

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    You know what, I was thinking about Vanguard ETFs, but since I’m not sure about the impact of taxes on a platform like Robinhood, I was thinking of investing in it through a non-taxable IRA.
     
  7. TheShinning

    TheShinning "You are your best thing"

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    Doqonyaho that was my own money, and I thought I would spend more to get more. Anyways thanks for the book suggestions, I will look into them.
     
  8. VixR

    VixR Veritas VIP

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  9. VixR

    VixR Veritas VIP

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    This shit is overwhelming ffs lol.
     
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  10. merka

    merka

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  11. Apollo

    Apollo Staff Member Moderator

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  12. VixR

    VixR Veritas VIP

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  13. merka

    merka

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    Yeah they've changed quite a lot actually. :icon lol:

    I no longer believe that a top down big government approach is the solution to fix society. It takes strong local communities with an entrepreneurial outlook to bring the change we need.
     
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  14. merka

    merka

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    If you really want to pursue this learn as much as you can and dabble with trading your own money to figure out your risk tolerance and trading strategies. You may find out that stock investing isn't for you and that's totally fine. There's a million other ways to get rich.
     
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  15. Farhiya 687

    Farhiya 687

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    Omg my relatives use to do that all the time. Caauto I think how it’s spelt.
     
  16. VixR

    VixR Veritas VIP

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    I started an m1finance portfolio. I’m keeping my Robinhood acc, but this is way better.
    I think I’ll start a Roth there too.
     
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  17. merka

    merka

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    Good idea. You should also check out this youtube channel. He gives great advice on investing & personal finance.

     
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  18. VixR

    VixR Veritas VIP

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    My brother is trying to do the house hacking he mentioned in the video. I would also love to do something like that.

    To have 20% down for a multi-unit in these parts, you have to have a solid 80-100k (or more) down for the ones in better shape, but it’s still only marginally different from the prices on many single family homes, and it’ll generate multiple streams of rent. It’s a good hack.

    This is my favorite YTber so far. He talks a lot about the M1 platform. But he also touches on other subjects. He has a convincing, long-term, dividend-centered strategy on growing investment portfolios. His videos are long-winded, but full of value, even if you’re not using the same brokerage platform:
     
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  19. VixR

    VixR Veritas VIP

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    I decided I’m gonna just watch and see what happens to the initial $500 in Robinhood for a considerable amount of time, and then only use it to play around. I’m not going to feed it anything significant. Pocket money, at best.

    I’m shocked it went up over $15 in a week. 6BA9F89A-99BB-4357-ABC5-5A54C3E8A15E.jpeg
     
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  20. merka

    merka

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    Make sure you put a stop loss on the stock so you dont lose your gains. Good luck :nvjpqts:
     
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