I wanna start investing in stocks but don’t know where to start
- Thread starter Abdixakim
- Start date
dont do it only 3% to 20% of traders make it, as someone who has done it before its not worth it, my advice go to school get a degree become doctor engineer lawyer etc thats best way to become rich
If he isn't a day trader but is only investing for retirement purposes or to build wealth then I think it's fine.
yes but one must consider the risks before doing it tbh
S&P500 and call it a day saxib. Don’t overthink this.
Only invest the amount you are willing to lose. If u risk all your savings for example you will be emotionally attached to the money
Is 500 $ a good starting point
If your willing to lose 500 then go for it. Theres no “good” amount you should start with it all depends on your financial situation. Invest in US stocks such as the NASDAQ or S&P 500 they usually increase in price anually. Over 10 years NASDAQ increased over 300% so lets say someone risked 1000$ 10 years ago they would have 3000$ today. Obviously you can invest in more volatile stocks or crypto (and in theory make more money) but it carries more risk and if your a person who likes to take risks then go for it.
Always remember tho slow money is better than no money
For the vast majority of people, the best course of action is to become a passive investor. Just put your money into reputable ETFs such as the S&P 500 or SCHD. Find the Sharia-compliant versions that filter out non-compliant companies and call it a day.
