Quote:
Originally Posted by eastbayak
I've always felt uncomfortable throwing hard-earned money into "unstable" markets (where economic outlook looks bleak).
With that said, I do actively contribute (biweekly) to the usual accounts: 529 accounts for kids, 17% (+5%) work retirement account (plus a vested pension plan) and small, spontaneous contributions (which have become more consistent) to Roth IRA/crypto accounts.
But recently, I decided to finally listen to Klha/jcardstore and make my first big boy move of the year (and in recent time). Sitting on a good amount of cash, and knowing that inflation is only eating it up despite getting 4-5% back (as well as time in market > hoarding cash), I used some of that cash to pick up a bunch of quantum computing shares (RGTI/QTBS/IONQ) and that move has NOT disappointed (yet)!
Missed out on the April lows (contemplated picking up a lot of SOFI/GOOG/NVDA at that time) and definitely regretted it. Didn't want to keep repeating that over and over. I fully understand that I can't time the market and that the market isn't always logical too.
Anyway, excited to be a lot more actively involved with ya'll. Took a minute though  |
Exited my position in those quantum computing stocks this AM (not at the peak, unfortunately, but at least better than EOD price). Realized a surprisingly nice gain for a short period of time (less than 2 weeks) but wish I heard about it weeks/months before as it's skyrocketed. Thanks Bay Area discord people!
Thinking to put the post-tax gains into my Roth IRA (haven't maxed out for the year) and re-up on them or go with my usual tech plays (GOOG/AAPL/MSFT or AMZN/NVDA/AMD/INTC). Does anyone do something similar or do ya'll mostly leave stuff untouched in your regular brokerage accounts?
On the flip side, my GOOG position took a beating today so I was red overall for the day haha.
Also, I'm starting to explore daytrading. Anyone have some reading material suggestions (books/sites/etc)? Also, is TradingView a good entry-level platform to use?