Posted 10/14/2020 20:09 (#8546136 - in reply to #8545980) Subject: RE: Stock market beginner advice needed
The best advice is to start with small investments in multiple stocks. Diversification IS one of the tools you can use to limit adverse reactions that might affect individual sectors. You should have investments in technology, energy, banking, manufacturing, service etc. Do not trade the market! You will fail. Warren Buffett says he doesn’t know when to get in or out of the market so he just stays in! Buy blue chip companies that have a long history of making money and paying dividends. You can invest in growth companies after you have made some money. The stock market has averaged about 9% return over its long history so it’s pretty low risk over the long haul . Remember if us companies make money so will you. They have been making money for a very long time no matter what political party is in the White House. They are all so world wide companies that are not exposed to one country’s political winds. Remember these are investments that you should keep throughout your life and even your children should keep them .