It's def a Fomo trade but if I don't have a little bit of $ in on it I won't pay as close attention as I should, my goal is to play with 10k ish and try and develope a decent strategy if I can I'll up my spending limit, if I can't I'll just go back to maxing out my pension/ low risk stocks etc but I'm really enjoying learning about world events and financing and politics and how they all kinda tie together I feel it's all so complicated that if I or someone could grasp a better understanding of it it can be used for ones benefit, idk tho I've only been exposed to this stuff within this past month too soon to gauge where I'll end up as a trader

yeah it's weird. from my experience in the K-12 US education system, the stock market, roth ira, retirement, and all that stuff isn't really taught. i don't remember anything outside of maybe learning about taxes in a math in society course (but that was at a community college).

which is funny, because the best time to start investing is around that age because it'll grow like crazy.

>50% of eligible America doesn’t participate in a 401k, even when a match is offered to them

Financially illiteracy in America is a plague

This post was edited by Bazi on Feb 28 2024 08:37am

Canada is slightly better, more and more people know they should open these tax advantaged accounts, but then don't use them, or forget about them, or the name of the account misleads them. For instance Tax Free Savings Account. People just dump cash into it and let it sit, but you can invest in equities in it. Should be Tax Free Investing Account.. or maybe that would further turn people off.

About 58% of Canadians have a TFSA (but the usage stats are not great) and sub 50% have a RRSP (401K and Roth IRA equivalents here in Canada).

I feel it's apart of a long term gameplan by the top .1%, raise min wage to the point it eleminate's the middle class so a household then needs two incomes to survive, then their children are raised by a school system that caters to the elites needs which they really just need us all to be dumb so we can work for %10 of our worth at one of their large corps doing jobs that have yet to be automated, so long as someone doesn't understand financing they'll only speculate why they worked their fingers to the bone their enitre life only to barley survive off SS after retiring at the old ass age of 65 when white collar jobs pay 100 times that for 100 times less physically demanding work. Me I want to retire in 20 years at the age of 45 only way for me to do that is to increase my financial literacy by at least 1000%

Tread carefully.... the stock market can be a deceiving and cold place lol


I recommend start small and learn first

This post was edited by Pharaohmon on Feb 28 2024 10:49am

Btc and eth has been doing well.

That's the goal man... I've read 3 books these past 2 weesk, rich dad poor dad (good book but robert is pompus AF!!!) / richest man in babylon (new fav book next to iload and atlas shrugged) / market wizards (good book but not for beginers). I've watched plenty of TA and other investing videos, came here as you guys are my birds of feather, i'm on motley fool apple news nyt etc etc I'm an excelent coder/gamer and an electrical engineer by trade, after turning 25 last month I made it a short term goal to focus on being able to have a kid and retire by 45, I make 100k/yr so I have no reason not to (I think) I'm reqlly just so far behind I have to spend 95% of my time learning this field which is what I am doing. I'd like to stick to the simulator for my first year of leanring but I dont get off work till 8am which is 1.5hrs after market opens for me so I've just been doing stupid trades in the mean time and I've learned from every one so far so profit or loss I'm content that the knowlege I learned was worth more than the monetary loss or profit if i'm willing to analyze all my profitable trades too. In the humblest way I am asking for as much refrences to knowlege in this field as possible, and in return I will dedicate as much time as needed to learn and grasp that information. Any recommendations is greatly appreciated. (sry for spamming this section so hard this past week)

Bro.... at 25 years old, youre way ahead of the curve. Good shit.

I didnt start thinking about stocks until 30 years old.... i just turned 37 this year

Took massive loses in the early years due to inexperience and gambling plays... and learned the hard way

Good luck on your journey brother .... this thread has been the best one on jsp for stock related stuff so stick around

I tried QQQ again today, b/e again. Better than losing I guess lol. Nice TSLA trade




I think simulator is good idea to get your feet wet but you don't get the emotional reps that come with real money. If you find something that seems to be working I'd consider switching to real money and small position sizing. Style of trading will really depend on what speaks to you and your schedule. There is so much information and strategies out there it's hard to recommend one over the other when you're still trying to figure things out. Just don't buy into any of that nonsense get rich quick schemes!