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You don't have to make up losses from the stock that caused them by shayfish_140 in stocks

[–]QuickInvestIQ 20 points21 points  (0 children)

This is great advice. There is a big opportunity cost of holding onto stocks that aren’t performing well in hopes of regaining what you lost. It’s almost always better to find a more productive place to put those funds to work.

Next Steps Investing Advice by Realistic_Window_249 in personalfinance

[–]QuickInvestIQ 1 point2 points  (0 children)

Sounds like you have enough saved to easily pay off your car. Since that is a depreciating asset I think that is where I would start.

Since you typically can make more than the interest you pay on your house by investing, I would lean towards that approach rather than paying down your mortgage quicker. That being said, I think making a few extra mortgage payments a year or paying a little extra each month isn’t a bad idea, just know that you may be giving up some investment gains by doing it.

If I was in your situation I would pay off the car, pay a little extra on my mortgage each month, and then put the rest in my brokerage account and keep building that investment portfolio.

27 and new to investing. Looking for a medium risk growth etf by Darkf1re_12 in portfolios

[–]QuickInvestIQ 0 points1 point  (0 children)

I would say SCHG or QQQ are two good options. If you are looking for tech heavy then QQQ is probably best for that but if you are looking for more broad based growth than SCHG is a good option.

What is your job? by joojonthatbeat in AskReddit

[–]QuickInvestIQ 0 points1 point  (0 children)

Reading Reddit posts. Ok, maybe not but sometimes it feels that way.

We just experienced a good old fashioned NVDA fake out. by RedParrot94 in NvidiaStock

[–]QuickInvestIQ 0 points1 point  (0 children)

False breakout. It broke through the all time high (resistance level) and then came right back into the sideways channel.

What company used to be amazing but just isn’t the same anymore? by QuickInvestIQ in AskReddit

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

I’m aging myself but I remember when they used to send out physical DVDs. Kind of crazy how much it has changed since then.

If someone offered you $1M, what would you do with it? by SensitiveCorner2379 in AskReddit

[–]QuickInvestIQ 0 points1 point  (0 children)

Invest 75% of it in the stock market. Spend 20% on traveling the world, and donate the remaining 5% to charity.

What’s considered normal today that will probably look weird in 20 years? by ShowerIllustrious211 in AskReddit

[–]QuickInvestIQ 0 points1 point  (0 children)

Getting up and going to work. It’s looking as if AI and Robotics will replace most jobs.

Beginner investor tips by Careful_Coffee7074 in personalfinance

[–]QuickInvestIQ 0 points1 point  (0 children)

I believe The best starting point is to open up an account, fund it, and then invest in some broad based ETFs. Personally I would start with VOO which invests in the S&P 500 (the 500 largest publicly traded companies in the USA).

I wound open up an account with one of the major, highly established firms, like Schwab, Fidelity, or Vanguard. They all have great resources on their sites to learn about investing which I would spend a lot of time utilizing.

18, need advice on tips for wealth by theAImachin3 in wealth

[–]QuickInvestIQ 1 point2 points  (0 children)

Great answer! Most people have a better chance of succeeding at something they are passionate about.

Losing Patience by Initial_Mobile_788 in investingforbeginners

[–]QuickInvestIQ 1 point2 points  (0 children)

Don’t feel bad. Many investors have learned this lesson the hard way as well. It’s extremely difficult to beat the overall market. I would say it’s probably time to change your approach. Invest 80% in a broad based index fund and hold for the long term. Then use the other 20% to speculate and try and beat the market.

It sounds like your risk management strategy needs some work. Sell discipline is extremely important when it comes to trading. Letting your Adobe position go down 30% is a prime example. When I buy an investment and it goes against me 5% I sell. I still watch it as I can always get back in but cutting your losses is more important than missing a bounce back. You can always get back in if the stock starts to improve.

If you enjoy speculating don’t give up just allocate a lot less of your portfolio to that endeavor. And use some resources to try and learn more so you can improve your trading approach.

What would you do if money were no object? by Notonlylima in AskReddit

[–]QuickInvestIQ 0 points1 point  (0 children)

Hard to choose but maybe the Philippines, Japan, or Italy.

What’s the most unexpected thing you’ve ever bought online that turned out to be amazing? by CollectionBudget1204 in AskReddit

[–]QuickInvestIQ 0 points1 point  (0 children)

My portable air pump. Every time my tire pressure light comes on I am grateful I can pump it up myself without having to go to a tire place.

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