Investing some "fun money"

[Arnie]

I assume you didn’t leave it alone in the stock after the ‘corrections’

Yes we did. After several years, we did get back to the value of our original investment.

 

[Rez Exelon]

I dont get your point? A mutual fund is not a day trading strategy, just let it ride over the years of highs and lows. Anytime its low, its like buying on a discount.
I it has worked very well for me.

It's just interesting how by and large the trend lines are upwards regardless of president.

 

[Veritas]

It's just interesting how by and large the trend lines are upwards regardless of president.

You are correct, it's not sexy just low-risk with proven returns. If you are just day trading as a hobby then buy whatever, if you are investing for your retirement then each payday you put 15% of your income (assuming all your debt except for your mortgage is paid off) into a low-fee mutual fund indexed to the entire DOW or S&P regardless of what the market is doing and let it ride.

 

[CHenry]

It's just interesting how by and large the trend lines are upwards regardless of president.

Oh, gotcha.

 

[Parks 788]

Is adoption out of the question, daddy?

Well, I can't imagine a College Coed with a screen name Snattlerake having any semblance of a pretty girl. So, unless you're 5'10" 120# then it may not work out.

 

[kd5rjz]

If you only have $2k to play with, I'd find a short term option spread.

Otherwise, as others have said, CDs are paying well. $t isn't as great as it once was, but $et is still paying a good dividend.

 

[Chief Sapulpa]

So Parks 788, what did you do with the $2K?

 

[goinshootin]

My stock of the day is Hershey, off 52 week lows and a great dividend. Bought some this morning. However, that's quite boring. If you want vegas money plays look in to SMCI. Although that has had a huge run.....the fundamental story is still there... should NVDIA keep going too.

I've got a number of AI plays so I'm being pretty conservative for when the correction happens.

My favorite no brainer stock for all times/ and long term is Lockheed Martin.

Smci’s past few turbulent months have paid off big for gamblers. The bad news for them would come, it would sink, the faint of heart bailed while believers bought, it bounced back, the $ makers sold during the upswing, the timid buting in again, bad news came again, the faint of heart bailed again while the gamblers bought, it bounced back and the $ makers did what they do, cash in.

 

[Dorkus]

I apparently didn't learn anything,,,
I promptly lost a whopping 2-Grand on supposedly safe stocks.

In the 90s I was trying to learn about the markets and bought a magazine that had an article about investing. It was called “Five Mutual Funds That Guaranteed Will Not Lose Money” or something similar.

I put all I owned (which was very little) into one of those and lost a lot. Now I only use index funds for ones that my advisor recommends.

It was CGM Fund that tanked if you are interested.

 

[aarondhgraham]

After my one dismal attempt at investing,,,
I decided I'm not a risk taker.

Just 3 days ago a 7-month CD matured for me,,,
I had put $75,000 into that account,,,
It profited me a safe $2,276.00.

Last year I made right at $4,500.00 with CD's,,,
For the timid types such as myself,,,
CD's are the way to go.

Aarond

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