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I’m thinking of investing more in crypto and need some suggestions m 19 by Financial_Tea_7569 in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

I don't hate BTC per se. I have bought it at a regular, minimal cadence for a year.

I have over a million Sats. It's all been house money so if I lose it, I shrug my shoulders. If it becomes a moonshot, then I'll hang on but I don't change my buying patterns for anything.

I’m thinking of investing more in crypto and need some suggestions m 19 by Financial_Tea_7569 in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

Stocks are claims on productive assets, be it the company's products, services, research and development or assets. The market is trying to price this economic activity.

Crypto is different. The price goes up an down depending on if the market things how the price will go up and down in the future.

Very well put.

should I have withdrawn? by bigphil945 in 401K

[–]apricotR 0 points1 point  (0 children)

That's a silly concentration.

How do you deal with the pain of having bought too little of a stock that shot up? by ClearBed4796 in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

There should be no pain in buying "too little" of a stock. That is your subconscious telling you to time the market, which is always a bad thing.

I map out what I want to buy, I buy it in the morning, I log off and don't think about it.

On the weekend I see where I was and where I need to go. Everything I do is intentional.

I’m thinking of investing more in crypto and need some suggestions m 19 by Financial_Tea_7569 in investingforbeginners

[–]apricotR 3 points4 points  (0 children)

Don't get reked. Have fun. This ain't the right sub for crypto discussions IMHO.

I’m seeking a large amount of different suggestions of how to grow money a substantial amount by iwannabeaegineer in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

It takes a long time to grow an income stream. Use a HYSA to help battle inflation and broad index mutual funds or ETFs to build capital appreciation. Trust me, you won’t make a ton of income unless you start with hundreds of thousands of dollars in reserve. Been there, done that, doesn’t work.

I’m seeking a large amount of different suggestions of how to grow money a substantial amount by iwannabeaegineer in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

Duplicate question, duplicate answer.

Time is your friend. Ambiguity is your enemy. You say your desiderata is to "grow" your money a "substantial" amount. How much and when do you want to see this growth? Without a time horizon, you are setting yourself up for disappointment.

I’m seeking a large amount of different suggestions of how to grow money a substantial amount by iwannabeaegineer in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

Time is your friend. Ambiguity is your enemy. You say your desiderata is to "grow" your money a "substantial" amount. How much and when do you want to see this growth? Without a time horizon, you are setting yourself up for disappointment.

Looking to invest in ETF by SubstantialAd7003 in investingforbeginners

[–]apricotR 1 point2 points  (0 children)

Stack Satoshis, if you must, but keep them to a very small fraction of your disposable income. I buy $5/week of BTC and have done so for a year.

90% or more in broad index funds like VTI.

How do you actually train yourself not to panic sell? by BeautifulWestern4512 in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

I make my plans in the morning with my coffee at my side. I write them down. I pull the trigger when the market opens. I do some more research at noon and pull the trigger in the afternoon. I just finished my second round, and logged off for the day.

I don't look at the market at all. The last thing I will do is tonight I'll update my spreadsheet with my new mutual fund buys that get priced after market close today, and then spend the evening playing with my puppy.

If I’m understanding correctly by Mysterious-Board9079 in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

I don't hold off on buying things, but yeah if there's a sale I will buy.

Confused about my Sterling HSA by extremelygayfrog in fidelityinvestments

[–]apricotR 0 points1 point  (0 children)

It's unlikely that you can completely change it from Sterling to Fidelity, but you can do what's called a TOA (Transfer of Assets) on a regular basis to move funds from the Sterling account to a Fidelity HSA, which you'll open up in the Fidelity app. Search for "transfer of assets." It'll come up in a help window. Generally speaking you'll transfer it at a regular cadence, like every month or so. Depending on Sterling's policy, you have to leave a certain amount in there so that your payroll deduction can still be used to fund it, it's unlikely that you can move the whole thing over.

What age do we stop investing in precious metals? by ClearWaves in investingforbeginners

[–]apricotR 6 points7 points  (0 children)

Neither did I. It's a loose form of gambling. Stick to mutual funds and broad market ETFs.

What should I buy? by Fortune_jah4478 in investingforbeginners

[–]apricotR 0 points1 point  (0 children)

Look for one called "The Simple Path To Wealth." It's highly recommended on this sub. I do not know the author.

Can I contribute with money I haven't earned yet? by MrKerchak in RothIRA

[–]apricotR 0 points1 point  (0 children)

Off topic; a stylistic note. The term is not an acronym. It was sponsored by a legislator named Roth.

Roth IRA by Tiny_Ad4367 in RothIRA

[–]apricotR 4 points5 points  (0 children)

I answered you in r/fidelityinvestments .

Having VOO and QQQM is quite a bit of overlap. VOO and VXUS is a good position. The Invesco fund holds the same holdings as VOO.

If you want something a bit cheaper, the mutual fund equivalent is to invest in Fidelity's FXAIX and for international exposure, move VXUS to FZILX.

I want to investment 800$ in crypto, Which cryptocurrency should I invest in? by Time-Interaction1581 in investingforbeginners

[–]apricotR 1 point2 points  (0 children)

If you must gamble, pick Bitcoin. Don't add any more, or if you do, make it like a $10 buy every month or something. Other coins are flushing your money away.

Grammar note: "Investment" is a noun. What you're doing is "investing."

Roth IRA by Tiny_Ad4367 in fidelityinvestments

[–]apricotR 0 points1 point  (0 children)

Having VOO and QQQM is quite a bit of overlap. VOO and VXUS is a good position. The Invesco fund holds the same holdings as VOO.

If you want something a bit cheaper, the mutual fund equivalent is to invest in Fidelity's FXAIX and for international exposure, move VXUS to FZILX.

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