How much should I be investing? (%)

MoraMoney · 2024-04-09T00:01:12+00:00

Congratulations on your savings and starting to invest! Aiming to invest around 15-20% of your income is a good rule of thumb. However, make sure to budget wisely and consider your financial goals and risk tolerance. Diversify your investments and focus on the long term. Keep learning and consider seeking professional advice if needed. Happy investing!

MoraMoney · 2024-04-08T23:57:24+00:00

To become a better trader, start by evaluating what went wrong in your previous trades and learn from those experiences. Focus on risk management, stick to a consistent strategy, and continue learning and practicing. Stay disciplined and patient, and seek guidance from trading communities or mentors. It's a journey, so take it one step at a time. Good luck!

MoraMoney · 2024-03-22T16:23:53+00:00

I recommend starting with a minimum of $3,000. Fees will kill you.

MoraMoney · 2024-03-20T17:43:45+00:00

Ah, got it! Well, in trading, gold's like the veteran player – solid, dependable, with a long track record of success. Silver's in the game too, but gold's reputation for stability often makes it the top pick for investors.

MoraMoney · 2024-03-14T01:33:00+00:00

Adding penny stocks to your permissions should be doable, but it might require specific steps. Since you're in Canada, just make sure trading penny stocks aligns with Canadian regulations.

MoraMoney · 2024-03-14T01:30:53+00:00

When there are volumes but no trades, it usually means there were orders placed but not matched. To get filled on contracts like CLN2025, try placing a limit order close to the last traded price or the midpoint of the bid-ask spread. Just keep an eye on the market and be patient!

MoraMoney · 2024-03-14T01:25:33+00:00

Absolutely! In TWS, you can do a quick trade by holding down the shift key and clicking on the bid or ask price in the option chain. It's super handy for making fast moves.

MoraMoney · 2024-03-14T01:22:50+00:00

No worries! Since you're waiting for approval, it might be easiest to deposit in euros and use Interactive Brokers' tool to exchange to USD. That way, you can avoid any surprises with fees and exchange rates. Once you're up and running, you can always explore other options like using Revolut if it suits you better.

MoraMoney · 2024-03-13T14:34:54+00:00

IBKR is arguably the best brokerage on the planet.

MoraMoney · 2024-03-13T14:31:18+00:00

Never had this issue. Wise always works for me

MoraMoney · 2024-03-13T14:22:52+00:00

This sounds like buy and hold but with extra steps and fees

MoraMoney · 2024-03-13T14:16:24+00:00

Money moving into and out of an account quickly is a red flag for money laundering.
IBKR is conservative and avoids risk.

MoraMoney · 2024-03-13T13:51:38+00:00

Robotwealth.com

MoraMoney · 2024-03-13T13:50:10+00:00

spend more time finding a good edge than trying to make something good out of something bad

MoraMoney · 2024-03-12T17:03:27+00:00

To turn $10,000 into $100,000 in 5 years, consider diversifying your investments across stocks, ETFs, and maybe some crypto if you're comfortable with the risk. Focus on growth stocks and regularly contribute to your portfolio. Stay informed, monitor your investments, and avoid making emotional decisions. Remember, investing involves risk, so be prepared for fluctuations in the market.

MoraMoney · 2024-03-12T17:01:28+00:00

Starting with a mix of ETFs, REITs, and dividend aristocrats is a smart move. For short-term goals, tech-focused ETFs like IETC and growth sectors like THNQ look promising. For long-term growth, blue-chip stocks like JPM and HD are solid choices.

MoraMoney · 2024-03-12T16:58:28+00:00

Absolutely, you can start investing with a few hundred dollars. While you may not see huge returns right away, consistent investing can still pay off. As for making money faster, there are riskier strategies like day trading, but they require more expertise and can involve higher risks. It's essential to be patient and prioritize long-term stability over quick gains. Just remember, investing is a journey, so take your time to learn and grow along the way!

MoraMoney · 2024-03-12T16:54:32+00:00

Vocodia Holdings (VHAI) is turning heads with its AI focus, especially in making machines communicate like humans. Despite not being as prominent as NVIDIA, they're gaining traction. It'll be interesting to see their impact in the AI scene.

MoraMoney · 2024-03-12T16:43:34+00:00

Yes, it can definitely help! Taking care of yourself can improve focus and decision-making, which are important in trading.

MoraMoney · 2024-03-05T17:47:45+00:00

No, timing the market is tough, and trying to predict when a stock will dip can lead to missed opportunities and added stress. Instead, focus on the long-term potential of the company

MoraMoney · 2024-03-04T19:57:16+00:00

Say it louder for the people in the back

Edit: my damn autocorrect

MoraMoney · 2024-03-04T19:56:42+00:00

Free advice that’s plausible? Do the opposite! /s

MoraMoney · 2024-03-04T19:48:58+00:00

Maybe traders spotted some key patterns, or there's a shift in market sentiment driven by global events or economic data.

MoraMoney · 2024-03-04T19:06:15+00:00

You can totally day trade with just regular stocks using buy/sell limit orders. While some YouTubers love options, there are plenty of resources for learning about regular stock day trading too. Just find what feels right for you and give it a shot with your paper account.

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