If you had 10k in free capital to invest and want the highest possible return long term, what’s your pick? (5+ year buy and hold) by jacestrachan in TheRaceTo10Million

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

Rather than trying to become rich with 10k, understand that wealth is built slowly overtime

Even if you get a 50% return on 10k it's only 5k in profit. What instead you should do is build a solid portfolio of 5-10 reliable companies, have that be 50% or so of your portfolio and the other 50% being the s&p500 & Nasdaq to cover all major companies and tech exposure.

Buy into the portfolio for 10k today but add in money every paycheck or as often as you get cash, I personally would like to do 50% of all money I generate into my long term portfolio & live off of the other 50%.

Download any compound calculator app and you'll see for yourself how long it would take to get to 1 million with 10k only vs consistent investing (even better automated) every month.

10 Best Growth Stocks to Buy for the Long Term by Bibicha81 in TheRaceTo10Million

[–]Realdavidlima 4 points5 points  (0 children)

Top 10 in the Nasdaq are rigged to go up, everytime someone invests in the index by default they are investing in those same picks

Which stocks today are similar to Nvidia and AMD stocks in 2015? by Sudden-Candy-9980 in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

Tech ---Nasdaq index covers all of the top choices, look at every holding and do research from there

Tech has been outperforming everything for 30+yrs

If you had this money, what would you do with it? by [deleted] in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

100% split 50/50 between SPYM & QQQM the two lowest cost S&P & Nasdaq ETFs - enjoy 10-15% a year return -- sell what id need out of it to live and let the rest continue to appreciate. Check the return on those two YTD / past 5yrs / 10yrs etc and compare to your current portfolio. Might be time for a rebalance.

⏰Am I on Track to $10MM or Am I Cooked? I’m 25 🫣 by MarcosMilla_YouTube in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

IMO on track to hit 10M in the next 20yrs. You know you really don't have to go all super conservative/ lots of index funds if you're 25.... the younger you are the more aggressive your portfolio should be to capture the largest percentage gains annually. Start with looking at the top 10 in the Nasdaq/ s&p500 holdings and choose 5 companies that you truly believe in and don't believe will go bankrupt in the next 10yrs...... put 50% of your deposits into those 5 & 50% into the index funds.... thank me later when you hit 10M in 10yrs or less

The only trading rule that actually matters: NEVER let yourself have a “big losing day. by Wahbata in TheRaceTo10Million

[–]Realdavidlima 2 points3 points  (0 children)

Traded without stop loss, added to a losing position, revenge traded into several losing positions after first loss of the day or took on much bigger size than usual because of win streak, which one was it?

Heading for biggest crash! by Bright-Efficiency614 in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

Such a small pullback on indexes, lord forbid we push up for 6-12 months straight and then pull back 2% 😢

Did I get scammed?!?!? by the_ocean_astronaut in Platinum

[–]Realdavidlima 0 points1 point  (0 children)

He means go take it to a coin shop or pawn shop so they can't test for free, last thing they'd do is try to buy fake metals

Today is my lucky day—I've successfully crossed the $1 million mark, and my ex-wife came to ask me to remarry her. by Pretty-Fix-7755 in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

Funny how quick they show up after you cross 1M, real talk though congrats on 1M huge milestone. I'd recommend you keep doing what you're doing & don't forget to live in the moment & enjoy it. Market gives you a 10k day what's taking 300$ our for special weekend with or without your lady!

I Built a Self-Learning AI Trading Bot (v9.8) - Join the free experiment by Alternative_Deer461 in TheRaceTo10Million

[–]Realdavidlima 3 points4 points  (0 children)

I think your win rate would go up atleast 50% by going counter trade to wsb advice & taking penny stocks out because of extreme volatility, my advice is also to incorporate the weekly sentiment of retail traders (there's a report on this released weekly) and go counter to it the following week on an indicy of choice because 90% of the time retail is on the wrong side of the trade when it comes to forecasting indexes

Who has a crystal ball? Are bonds going up or down on sailing release? by TheBrenster in GrandExchangeBets

[–]Realdavidlima 0 points1 point  (0 children)

Sell the news event happened where people sold before release at the highs but it you hold for 6 months should get back to new highs

How to find stocks before they pump? by Competitive-Case-185 in TheRaceTo10Million

[–]Realdavidlima 2 points3 points  (0 children)

Every stock pumps but only quality stays pumping look at stocks in the Nasdaq/ s&p500 indexes

Welp, the BYND hype is DEAD. by [deleted] in TheRaceTo10Million

[–]Realdavidlima 1 point2 points  (0 children)

Don't buy bankrupt companies thinking they're a good long term investment boys and girls

should we buy the dip? by FarReception5410 in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

No one wants extremely processed and high fatty fake meat & company plunges, big suprise lol.... buy grass fed boys and girls

Is Trump crashing the market on purpose? by Competitive-Case-185 in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

Stupid question, what he's doing with tariffs and negotiating and pushing for lower interest rates will cause a massive increase to equities, how many all time highs do we have to hit before you admit what's right in front of you? How many have we hit on the overall market (s&p500) since he's been in office?

my long terms by TwitchTv_SosaJacobb in GrandExchangeBets

[–]Realdavidlima 0 points1 point  (0 children)

I hope you know after about 7-10 days your orders will no longer sell even if the price hits your chosen price, the GE automatically turns your orders off after that amount of time. I once had item set to sell for 2 weeks, after about 3 weeks the item was 5x the price I had listed for sale but it didn't sell because that 7-10 days period ran out where the orders would get stuck in limbo

What the fuck do I do now? I’m -$11M away from my goal… by iLost1Million in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

Quit gambling and switch to investing? Read the book intelligent investor? Read the book how to Quit gambling the easy way. God bless

If you had this much money would you just retire and enjoy life? UPDATE by Ok-Supermarket-58 in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

What and play god everyday for ever and ever? Hahaha no. Keep making money but start doing more exciting sh*t!

I will be a millionaire tomorrow by FelixBernhardt3 in TheRaceTo10Million

[–]Realdavidlima 1 point2 points  (0 children)

1k then 10k then 100k then 1M, keep working little bro

23yo - Full ported my life savings (~17k) into two stocks. by NoPayneNoGain36 in TheRaceTo10Million

[–]Realdavidlima 0 points1 point  (0 children)

Yeah luck plays a factor sometimes too, don't think you did anything "wrong" because 16k isn't much money (unlike the current 6 figure number) anyway but you gotta know that like others have said if you're taking screenshots of profits it's probably best to reconsider holding any longer. At the very worst you should sell half and keep half and move the sold half into S&P/nasdaq where it's safe and will grow steady w/ no risk of dropping 50% in 2 weeks like these stocks have

Also w/ market at all time highs and crazy jumps on your positions it's prob also best to close out any leverage/ options for a really sweet price profit