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Don't touch any of the fun stuff above until you have a considerable safety fund. Don't touch it with anything but money intended for entertainment. Yeah, it's
by RhysU 6y ago
Don't touch any of the fun stuff above until you have a considerable safety fund.
Don't touch it with anything but money intended for entertainment. Yeah, it's possible to do well. It's also an easy way to set a pile of money on fire.
- JacKTrocinskI 6y agoLike I said it requires trading experience, you can't gain trading experience without trading. He's young, he can afford to make mistakes in the market and learn from them. Accumulating stock like SPY and AAPL is good if you're older and want to play it relatively safe, you won't make much but won't lose much either. Depends on you risk tolerance, but I wouldn't steer OP away from it, when is he suppose to learn options trading and hedging, when he's 50?
- RhysU 6y agoYes, when he's had about 3 decades of growth on a solid nest egg in equities, fixed income, and possibly real estate is a good time. Any money he wastes now doesn't compound with time. Time is his best advantage now. And time takes no options skills to monetize.