If you're starting a retirement fund it is best to buy index funds and sit on them forever. The biggest mistake you or anyone else can make is turning a retirement fund into a day trading account. The object of a retirement fund is to make as much money as you can over a long period of time with minimal risk, which of course can sometimes mean a smaller reward. But that should be the goal, really. You're making a 30 year investment and it's best to simply tune out the day to day of the market.
If you're looking to make some money, then it's going to be a bumpy ride. Start with blue chip stocks. Friday would have been a great time to buy Apple and Amazon. By now you've missed the boat. Though there should still be some room to grow on Apple. I've been making a nice return on it since I bought in at around $200 a share. Before the crash it was up over $320.
Last edited by packs; 03-02-2020 at 02:49 PM.
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