My Investing Advice

[Dagdag]

Buy treasury bonds interest rates are being reduced they outperformed stocks the last 10 years anyways

He is trying to avoid riba and interest.

Understanding Sukuk: Sharia-Compliant Financial Instruments Explained

Discover how sukuk work as Sharia-compliant financial alternatives to bonds, offering asset-backed certificates without interest, adaptable for Islamic investing needs.

www.investopedia.com

 

[Dagdag]

Security Analysis by Graham and Dodd is better but very technical and dry

Yes. It’s very good book I’ve studied it plus studying business and accounting

in my opinion we shouldn’t spend time on earning reports or charts or any technical analysis just buy etfs that’s it’s. This is what Warren buffet bet is about and also what statistic show as best likelihood of succeeding. buy ETFs and mutual funds and hold for long term. Best way to avoid the wolves of wall street

 

[Garaad Awal]

Buy treasury bonds interest rates are being reduced they outperformed stocks the last 10 years anyways

I also have normal investments but trading is far more lucrative than only investing long-term if you are smart and understand risk management.

 

[Garaad Awal]

Yes. It’s very good book I’ve studied it plus studying business and accounting

in my opinion we shouldn’t spend time on earning reports or charts or any technical analysis just buy etfs that’s it’s. This is what Warren buffet bet is about and also what statistic show as best likelihood of succeeding. buy ETFs and mutual funds and hold for long term. Best way to avoid the wolves of wall street

Mutual Funds are the biggest scams on planet earth. ETFs aren’t good for those of you trying to avoid certain companies unless there’s an Islamic ETF in your country

 

[The truth seeker]

I also have normal investments but trading is far more lucrative than only investing long-term if you are smart and understand risk management.

Do you buy stocks on the Toronto stock exchange ?

 

[Garaad Awal]

Do you buy stocks on the Toronto stock exchange ?

Hell no

 

[Dagdag]

Mutual Funds are the biggest scams on planet earth. ETFs aren’t good for those of you trying to avoid certain companies unless there’s an Islamic ETF in your country

America we have Islamic options fortunately. The Orthodox Jews also have certain investment tools they use to met their religious needs. Very similar to Muslims they also use it for buying houses

 

[Magaffe]

He is trying to avoid riba and interest.

Understanding Sukuk: Sharia-Compliant Financial Instruments Explained

Discover how sukuk work as Sharia-compliant financial alternatives to bonds, offering asset-backed certificates without interest, adaptable for Islamic investing needs.

www.investopedia.com

Almir colan has an excellent podcast on Islamic finance. He explains which financial products are haram and why in easy terms.

He explained things in lay terms and it was very easy to follow.

 

[repo]

People don't get rich by "investing" in stocks, they do it by building companies and them making them profitable. You can only realistically become rich off stock trading if you are already wealthy or if you manage money.

 

[TheLand]

People don't get rich by "investing" in stocks, they do it by building companies and them making them profitable. You can only realistically become rich off stock trading if you are already wealthy or if you manage money.

This isn’t true at all. 1 famous example is roaring kitty, a guy who taught for a living and rented. He made millions off GME. He is definitely an outlier but he was also a CFA who loved to invest and trade so it can be done given the right education and temperament. Problem is nobody will ever teach you this stuff.

 

[TheLand]

Spoiler

You don't have permission to view the spoiler content. Log in or register now.

 

[repo]

This isn’t true at all. 1 famous example is roaring kitty, a guy who taught for a living and rented. He made millions off GME. He is definitely an outlier but he was also a CFA who loved to invest and trade so it can be done given the right education and temperament. Problem is nobody will ever teach you this stuff.

Any other examples?

 

[TheLand]

Any other examples?

Spoiler

You don't have permission to view the spoiler content. Log in or register now.

 

[Yessirski]

A lot of people think day trading isn't possible in any way and I get why, its completely misrepresented in what it actually is for the most part, people think its this get rich quick scheme where all they have to do is gamble on stocks and they'll make a fortune—this thinking obviously leads to mindless gambling and a loss of money. The reality is that trading is a skill that you will have to develop and a hard one at that, that will take years for most people, but nonetheless day trading is possible.

The statistics about the vast majority of day traders losing money is very true but its worthless without proper context, these statistics tend to come from trading platforms and its just thousands of newbies that know nothing about it, no proper training, education or plan to go about it. Imagine a "doctor" with no education or training that at best watched a few YouTube videos or read some books tried to do a surgery? of course its going to end up badly, when you're misinformed or unprepared failure is an inevitability.