Anyone invest on the stock market?

[SkyWriting]

if so I was wondering where are good resources to learn about using the stock market.

Here is the rule.
Invest in what you understand well and plan to hold It for 20 years.

That's it.

 

[Bobby H]

I've been doing it on and off since 2004. There have been some wins and some losses. Unfortunately, I haven't been as disciplined as maybe I should have been. I do follow some general rules though:

1.) As a Christian I avoid any company that I believe is profiting from sin. For instance, I won't buy into an alcohol company. That's a whole debate in and of itself, how a company could be profiting off of sins, but for me it's something to live by. There are things I do not want on my conscience.
2.) I prefer stocks that pay dividends, but it's not necessarily a deal breaker.
3.) I usually buy into companies that make products or offer services that I use and like.

 

[taylorgodiva28]

Asian stock markets rallied in afternoon trade on May 18, led by Wall Street and signs that the US was getting closer to reaching an agreement to raise the debt ceiling.

Geometry Dash Scratch​

 

[Serendipitous Waffle]

I invest both in the stock market and crypto. If you'd like to try your hand without actually using money (great for learning) I would warmly recommend Simulator - Investopedia Stock Simulator

Basically a stock market simulator that gives you 100k to play around with.

 

[jayem]

if so I was wondering where are good resources to learn about using the stock market.

I’d add that by all means, take advantage 401k, 403b, and 457b plans. An employee can contribute a certain amount of his/her earnings each pay period into various investment vehicles--usually mutual funds approved by the employer. And whatever you contribute comes out before taxes. Which reduces what you have to report to the IRS as earnings on your 1040. And you don't have to pay taxes on it until you make withdrawals. 403b and 457b plans are similar. And depending on your employment situation, you can have these in addition to the 401k.

The link has current info on 401k plans.

https://www.indeed.com/hire/c/info/...HphVTgS0viexoCE90QAvD_BwE&aceid=&gclsrc=aw.ds

 

[seeking.IAM]

I’d add that by all means, take advantage 401k, 403b, and 457b plans.

I'll add that many employers match up to a certain percentage of an employee's contributions. It's foolish to turn down free money from one's employer. Many younger persons look at retirement as so far away that they miss out on an opportunity. Invest what you can, even if it's a little. It adds up at the end.

 

[keith99]

I'll add that many employers match up to a certain percentage of an employee's contributions. It's foolish to turn down free money from one's employer. Many younger persons look at retirement as so far away that they miss out on an opportunity. Invest what you can, even if it's a little. It adds up at the end.

On that find out how much your employer matches and try to invest that much to start. You can change the amount taken out of your paycheck pretty easily. What you do not want to do is jump back and forth between 0 and 20% of your paycheck when your employer matches up to 5%. You want to make sure you take out a steady 5% and perhaps sometime a bit more.

 

[keith99]

Also look into Roth IRA accounts while you are young. There are limits on how much you can earn and still be able to put money into a Roth. This is after tax money. But coming out it is tax free. Putting in a little when you are just starting out, so you are in a lower tax bracket and also have time for it to grow, is a smart move.

 

[returntosender]

I wish!

 

[linux.poet]

No, unfortunately I do not. At one point I contemplated buying Hubspot stock for $50 and I'm glad I didn't. That company has drifted into obscurity and probably isn't doing well.