I watch CNBC from 6AM to 3 or 4..... it's "on" but it's background noise. If you listened to the talking heads -- you'd sell one minute and be buying the next.... ditto the "papers" and subscription "services".
This is why I have pounded the table to ignore all that noise -- it's trader talk!
Buy what you know -- collect a dividend -- watch it grow over time..... if you own 10 stocks 3 may be winners.... and they'll change places like a good horse race.
Calm down and think longer term.
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I don't do calm very well. But when i do, i jump for joy.
I hear what your saying though...as i've been trying to "average in", i'm just looking for those fundamental changes we've spoken about in the past....
I’m not sure if anyone has suggested this maybe they did there are 600 pages. I also don’t know how much money you have to play with. With all that being said try to buy some property and rent it. My rentals bring around 10% return. If you have some free time and a little more money get into flipping properties/condos etc.especially if your handy. I’m sure you are because your in this forum and a lot of diyers are here. That obviously requires more money. Also unless you are in Kansas short term like less than a year. Do Not Rent. Buy a property for you to live in so you are not just throwing out money in rent. Better to pay your mortgage than someone else’s mortgage. Buy something that needs some light work like updating bathrooms or kitchen. Put some lipstick on it and your free time. When it comes time to sell maybe you will make 50k. There are also ways you can get into flipping while not using your own money. Easiest way is you get an equity line of credit on your home or your parents home (once you find an actual property to flip that’s the hardest part) doesn’t matter the interest rate as long as you can borrow enough to buy and renovate then sell. Within 6 months (depending how long Reno takes) you will have that line of credit paid off plus some extra money on your proceeds which you should use for the next flip.
Think of it this way, money opens doors for you to make more money. That’s why rich will always get richer and poor will always get poorer. Never let your money just sit in a savings account or IRS or mutual fund because then the bank uses your money to make themselves richer. Use what you have saved up. I’m sure in Kansas there has to be properties that are 50k. Maybe you polish that terd and make it move in condition and make 10-20k
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