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Personal Finance 4w
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 4w

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 4w

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 4w

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 4w

Successful investing is playing the game of maximizing potential profit while minimizing risk. For most people (who don’t have ten hours a day to study the health of businesses and economies) this means buying something low risk, meaning unlikely to experience a catastrophic loss, like VOO or the S&P. Optimally an active investor is constantly looking for the best place to park their money, which changes day to day, month to month, etc.

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Anonymous replying to -> #1 4w

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 4w

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 4w

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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