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Anonymous
I started investing in January this year, and have currently ~$20k parked in Syfe (equity100, cash+ and REITs) and the returns are not too bad. I plan to transfer a portion of these by DCA into VWRA or CSPX to save up on costs (I just opened up an account on interactive brokers,I am not fazed by the USD $10 monthly fee as I am above 26).
Besides this, I also owned 1 apple stock thanks to a promotion by MooMoo and a couple of meme stocks (Gamestop and AMC), which I find that though currently I am gaining quite a bit in returns, I find that things may go south and I may lost whatever that I may invested. I do get happy when I see stocks price surge and my profit increase by a bit, though it's only something like ~$100 for now.
Hence, what are some strategies that I can use for now?
1) to invest in a world ETF on interactive brokers and don't think about individual stock picking, or 2) should I dip my toes and try to pick stocks that have growth value (Tesla, Facebook, Amazon etc), besides investing in VWRA?
I browse reddit wallstreetbets forum and it's amazing how people make spectacular returns via options trading on meme stocks, I have wanted to try out something else but don't have the capital to do so.
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Picking growth stocks like Facebook, Amazon etc are still reasonable choices for long-term growth. These are huge companies with proven track record and profitable business models. Meme stocks are different. Many of them are traded based on hype and FOMO. If you get in early and get out before it crashes, good for you. If you mistime your entry, that's a different story.
If you want to buy individual stocks, always do your own research! ETFs are relatively more fuss-free and those like ARKK still have an element of active trading in them.
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Hi Anon,
Actually I think you should consider individual stock picking contrary to what Woo said. B...
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U can DCA into VWRA ETF. Allocate some (lump sum) into the Mega Cap stocks, eg. FAANG stocks, is relatively safer. If you have sufficient capital.
Dont be too ambitious, at the beginning, stay away from Meme, speculative stocks & option. Till you have a very solid portfolio. Investment us a marathon not a sprint.