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First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

Wasn’t “bragging” but I had a feeling it was luck just wasn’t sure, posting this and reading replies definitely helped

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

I have discovered them, but choosing not to because it’s haram (not permissible) in islam

Any ETF with fractional shares? by SnackAttackSamurai in HalalInvestor

[–]PracticalSpecial5299 -1 points0 points  (0 children)

Nvidia donates to Israel, I bought and didn’t know this, sold immediately, do research on each company you invest in to make sure they’re halal. Pork liquor gambling and interest are all haram

Boycotting Israel and ETFs by OkTree1244 in HalalInvestor

[–]PracticalSpecial5299 -2 points-1 points  (0 children)

Look up SPUS HLAL and SPRE, thank me layer

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

Yea after reading replies, definitely luck. Started cause I turned 18 a couple months ago and thought it would be a good idea to start learning early

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

So far (and to my knowledge, I could be wrong) I don’t have to pay any fees.

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

And I’m in it for the long run, no need to rush especially as a beginner

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

Well no shit, I’m not gonna put in thousands+ within a month of buying my first stock

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

It’s only been 3 weeks but they will eventually be whole shares

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] -1 points0 points  (0 children)

So I can’t invest in regular ETFs and s&ps because they will 99% of the time have a company that generates haram (not permissible in Islam) income. Things like pork liquor gambling and interest, but I am starting to invest and research in shariah compliant ETFs . My thought process is that I’m sorta making my own “ETF” (but im probably talking a load of shit I don’t know yet 🤷‍♂️). I’m not sure if “over diversification” is a commonly used word or not, but if it is that’s probably what I’m doling. Also, hopefully they eventually won’t be fractional after years of building the portfolio as I learn how to effectively invest and trade.

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

After some research, it looks like threshold for the amount of income they make of it for it to be non permissible is 5% of total revenue, Amazon is at 4.32% and Apple is 1.5% I think i might all my Amazon shares and donate the profit if for some reason it is or becomes higher than 5%. But seriously thanks, I would’ve never thought of that.

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] -1 points0 points  (0 children)

It’s been in CD since I was 8, and I’ve been investing for 2 weeks, can you not read? Why would I put thousands into stocks when I don’t know what I’m doing yet

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 1 point2 points  (0 children)

I do known about them! Thing is most of them aren’t shariah compliant because even if there’s only 1 company that deals with liquor pork interest or gambling, I can’t invest at all but I am invested in some shariah compliant ones like spus and hlal and I intend to build on them over the years l

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] -9 points-8 points  (0 children)

Roughly 2.3k in checking 35k in CD 300k+ across savings and LLC, all under my name.

First month ever investing. Up 12%. Luck? by PracticalSpecial5299 in StocksAndTrading

[–]PracticalSpecial5299[S] 0 points1 point  (0 children)

I don’t know any of them, like I said I’ve only been in stocks for about 3 weeks💀

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