New to investing
I like AGNC and do own it. I do not follow ALU.
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Good thought on 1000 per position.
Stay away from Options and leveraged ETF/ETNs
Learn how to read fundamentals
Seek sustainable dividend yield
I read Barrons and have found it very helpful.
I am not at the start of this game so comparing the number of my holding to a newbie’s is useless, at best. You seem to be aware that when you have a small amount to invest, you are best not to spread it too thin so that commissions eat up a large percentage of your capital. I am assuming that you also are aware that being diversified gives you a measure of protection; well, you can’t have both protection and a small amount of capital. Okay, someone is going to tell you to buy a mutual fund or an ETF. Oh, I see someone has suggested that you sink it all in the poorest nation in the hemisphere. Although funds will yield some diversification (depending on their scope), they do it at a price. You will be charged fees, some explicit, and most that you never realize (understand) until too late. For those who really don’t have the time or interest, buying truly low cost mutual funds, are the way to go.
So what to do? I know you don’t want to hear this, “Get an education first.” The time and energy you invest in that, will pay off far more down the road than any hot tip. If you have a burning desire to spend what’s in your account, and you are of age, I suggest you go buy a bottle of good red and sit in a shady spot until the urge passes. When you have down your research, buy a stock that you would feel would be worth leaving in your estate, and go back and do more research before you buy the next one.
Finally, and this is more important than the above, open an Excel spreadsheet and keep track of what you bought, for what price (including commissions), and track it over time. Yes, write it down. I know you can look it up. I know others can keep the record for you. Do it yourself; it will concentrate your mind. It will make it harder for you to not confront your mistakes, and you will make mistakes (we all do.) The point of this exercise, besides making doing your taxes less painful, is that if you confront your mistakes, you are less likely to repeat them, and that usually makes you a winner over time.You must Log In to post to this forum.
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