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originally posted by: TXTriker
a reply to: rickymouse
One of the ones I'm considering are cruise lines. They are low and will come back because people love them.
originally posted by: booyakasha
you can kiss that 401k goodbye.
The banking system is crashing. they will not let you take your money out once the whole system crashes. Prepare for a credit freeze.
Buy physical gold and silver. Things you can actually hold.
Physical silver is going to run out in the next 2 weeks to 2 months. When it does, the price is going to sky rocket.
originally posted by: AwakeAndAware
a reply to: TXTriker
FIdelity Investments would be the broakerage I would go with. Their info and trades are the closest to real time. If I were you I would open a roth IRA with them. deposit money. Then you can trade thru their website or an app on your phone. I do both.
originally posted by: eXia7
If you are using small amounts of money you can get Robinhood free version and handle transactions on your phone. I think you can get a paid version with more features. I had planned on looking more into it, but I had to spend all my investment money to survive.
ETA: If you plan on doing stocks, I'd say go with the S&P 500, it will diversify your money out a bit better than picking random stocks, unless you know how the market works..
You can go to www.investopedia.com and set up a practice investing account that starts you with 10k. I've been running it as a stock simulation for the last year with some random picks, its a good tool to learn more about investing.
originally posted by: booyakasha
you can kiss that 401k goodbye.
The banking system is crashing. they will not let you take your money out once the whole system crashes. Prepare for a credit freeze.
Buy physical gold and silver. Things you can actually hold.
Physical silver is going to run out in the next 2 weeks to 2 months. When it does, the price is going to sky rocket.
originally posted by: rickymouse
originally posted by: TXTriker
a reply to: rickymouse
One of the ones I'm considering are cruise lines. They are low and will come back because people love them.
With what has happened now with Cruise lines and passengers getting quarantined added to the large amount of Norovirus outbreaks that have occurred I feel this lag in cruises will lead to lots less people taking them. I wouldn't want to be stuck on one like these people have been with this virus. I have the FUT 2 genes that protect me from the norovirus, but not for many other viruses. I think that I would stay away from investing in cruise ships. The stock is low now because some big investors dumped their stock, they would ride it out if they thought it was going to bounce back.
originally posted by: eXia7
If you are using small amounts of money you can get Robinhood free version and handle transactions on your phone. I think you can get a paid version with more features. I had planned on looking more into it, but I had to spend all my investment money to survive.
ETA: If you plan on doing stocks, I'd say go with the S&P 500, it will diversify your money out a bit better than picking random stocks, unless you know how the market works..
You can go to www.investopedia.com and set up a practice investing account that starts you with 10k. I've been running it as a stock simulation for the last year with some random picks, its a good tool to learn more about investing.