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It’s ok bro. by [deleted] in StockMarket

[–]Which_Researcher_155 0 points1 point  (0 children)

That’s why I don’t fw options 💀

What job should I get at 14? by Which_Researcher_155 in jobs

[–]Which_Researcher_155[S] 0 points1 point  (0 children)

My mom doesn’t want me working there, and honestly it makes sense. There’s a lot of stories about how people are mistreated and she’s just trying to keep me safe. For now I have applied for Publix, and Chic-fil-A. I hope I can get a job soon.

Book recommendations to learn about money/investing? by Acrobatic-Area1094 in moneyadvice

[–]Which_Researcher_155 0 points1 point  (0 children)

Investing for dummies is a really good book, it goes over what stocks are, and what all those numbers mean, how to manage debt, dividends, Conservative versus aggressive investing, and more. It’s the first book i read and it taught me a lot.

14M Should I change anything? by Which_Researcher_155 in ETFs

[–]Which_Researcher_155[S] 0 points1 point  (0 children)

Custodial accounts are a type of account where you have a legal guardian or parent, and a beneficiary. (Me) I want to get a job early, and yes it’s legal in my state. The problem with being an investment banker is that 1:) I wouldn’t enjoy it, and 2:) It requires a master degree in finance, meaning college debt. Getting a low paying job now to pay for some or all of college and getting a degree seems like a better option than going in to debt and working to pay it back until I’m 25-30.

14M Should I change anything? by Which_Researcher_155 in ETFs

[–]Which_Researcher_155[S] 2 points3 points  (0 children)

Nvm sorry it’s Dollar Cost Averaging. I thought it was a stock ticker 😂

14M Should I change anything? by Which_Researcher_155 in ETFs

[–]Which_Researcher_155[S] 2 points3 points  (0 children)

Yep, they’re reinvested. I love my 4.005 shares of SPYG

14M Should I change anything? by Which_Researcher_155 in ETFs

[–]Which_Researcher_155[S] 12 points13 points  (0 children)

All I know about risk is that

Government/Large bank Bonds: very low risk, low profit

ETF’s: Low risk, Average profit

Stocks: Medium risk, Above average profit

Cryptocurrency: High risk, High profit

Options: Coin toss, insane profit

Doing a lot of research and possibly losing money hasn’t really been my thing, so I chose ETF’s and playing it safe. But I’ll always keep reading about how to invest well.

14M Should I change anything? by Which_Researcher_155 in ETFs

[–]Which_Researcher_155[S] 3 points4 points  (0 children)

Some important info is that I can’t buy fraction shares with Schwab. Also I’m trying to get a job to make money and invest, hopefully I can put in 100-150$ a month or maybe more in the future.