I recently reopened a brokerage account and wanted to know what you guys are investing in. I'm quite young so I'm not looking to buy-and-hold for years, probably 6-12 months at a time.
My thoughts:
- Primarily indices / tech stocks (because that's all I can really make opinions about)
- I've heard people say Nvidia is overpriced but 2024 is going to be another AI year I think and so I think it's going up this year, but what are your opinions?
- My thoughts, invest 20-30% in nasdaq, 20-30% in S&P, rest are tech stocks
- I'm honestly quite bearish on Google so I'm surprised it keeps going up, they've stopped innovating imo, they've been doing a lot of layoffs, they're losing the LLM race, am I wrong?
and bearish on Meta & Microsoft<p>but please tell me (and each other) about any other stocks (or even crypto) you're thinking about
Are you wanting to play the stock market for fun? To get rich quick? Or to build wealth in the long term? You need to decide on your motives.<p>Since you're still young, this is the best time to get a solid long-term strategy in place, but you need to look at your finances holistically. First, if you have any debt other than a mortgage, get it paid off. If you don't have enough savings to cover 6-12 months of living expenses in case your income dries up, get that in place. After that, whatever is left over after covering your living expenses month to month, just put it in the S&P.
Assuming you are working in tech, I'd avoid investing in tech. You don't want a situation where tech does badly and you are both out of a job and out of your savings.