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Personal Finance 29w
What is the end goal for buying stocks and etfs. I’m barely getting into it and would appreciate some help thanks!
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Anonymous 29w

End goal is to make a bunch of money, though idk if that answers what you’re trying to ask

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Anonymous 29w

After doing this for a long time and jumping in and out of stocks I would recommend dividend stocks and buy and hold them forever. Keep building them up so that the dividends begin to pay you.

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Anonymous 29w

My personal end goal is to grow my portfolio as quick as possible to a huge amount and then transition them to dividend paying stocks and retire early

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Anonymous replying to -> #1 29w

So say u buy some stock for a price then it goes up in a week for example, do you just pull out the money to keep that money or what happens? What are the disadvantages or instantly pulling your money on stocks

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Anonymous replying to -> OP 29w

You can be passive or active. If you’re passive just buy VOO and hold it forever / until you need the money to buy a house / retire etc. If you’re active and trading in and out of stocks, you buy and sell depending on when you think the price for something is too low or too high

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Anonymous replying to -> #1 29w

But only do active stuff if you have some reason to be really confident. Always remember that there is a person on the other side of the trade from you, and statistically that person is someone who spends 60h+ a week looking at stocks, and is happy to sell at the price where you’re buying / vice versa. You should be confident that you know better than them

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