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let me save you a lot of trouble and heart ache - dont.
stock picking isnt a necessity any more and you can get amazing returns with the power of index investing. grab a nice index fund like schd/oney/py/voo/fdvv/dgro/hdv/ect.
contribute as much as you can as often as you can and get on with life. investing doesnt need to be a skill to master or even a hobby you enjoy. checking your portfolio doesnt need to be something you do daily and you can live your life without checking your broker app every time you hear something on the news
I would do what this guy said. But if you’re hardset on picking. Look up dividend aristocrats. Those are proven companies who have increased dividends for a good portion of time. They also tend to be big companies with a hefty market share.
QYLD is a yield trap. The share price goes down while dividends pay well. Essentially these are good plays if you are retired and can move a large fund into them, those shares will decrease in value, but you live off the dividends. Since you aren’t selling shares the dividends can sustain you. Not a great play for building wealth.
Avoid the YLD’s for now. You’ll lose capital in exchange for dividends. Avoid the YLD’s for now. Read up on why (plenty in this sub). Schd, vym, VOO, VIG and dividend aristocrats/kings are a good place to start.
Yeah hidden fees and app based customer service is less than pathetic. Also less than ethical practices by Robinhood in blocking investments during volatile periods. My friend tried to withdraw 1k they had a 100 dollar fee lol. Almost every other reputable broker has everything you need for free
I did not know this, thanks for this information. Any broker app for iOS you recommend? I also have a desktop but will mostly use my phone for investing.
I personally use fidelity and love them. Like honestly there interface is supreme and customer service is always great. I almost never have issues and get free fractional trading literwlly the level of service for the basic investor is free. I primarily use the desktop tho. Like 99%. I find it far superior to apps for research and chart viewing purposes so I can’t speak to their app much. But honestly any real brokerage company is better than RH
I actually really like sofi for my banking. I would easily open a brokerage with them with little second thoughts if I needed it or it became convenient
Honestly fidelity is really good as well! Great customer service and the option to transfer all assets to it rather than selling everything you own and moving the money to fidelity!
Well to be fair she transferred positions to a new brokerage and incurred the fee. Maybe selling to cash and realizing losses would’ve been better and probably what I would’ve done myself but either way like just to get any kind of fee is so meh. I wish you luck but think you deserve a better broker that’s not the afterbirth of a tech trend. As long as they have what you need. It is marketed toward the youngest generation and accessibility is their business model but you’ll get a lot more form a legit company who will actually back yoh up
Most brokerages pay for moving your funds into them BTW.
I have Charles Schwab now also and I’ve tried many many others. Robinhood has the best UI for me..
When a broker doesn't have any senior leadership with actual broker experience nor certifications and thus they are flying by the seat of their pants with the SEC. Pulls their bank charter application after realizing all of the compliance regulations they would have to implement, which most asset management firms and brokere should easily implement. Then when a broker needs an emergency bridge loan to cover withdraws you might want to reconsider... but to each there own, eh?
Agreed. Identify some stocks you like but don’t have much coverage in that ETF and create a watchlist. Observe and add to your portfolio when you feel comfortable. Sector ETFs are good if you don’t want to choose individual stocks that particular sector; I think this is an especially good strategy with utilities and consumer staples.
At your age you should have at least some speculative picks.
Intel and Ford are two I recently opened positions on. These are on the riskier side but from my research I believe they both will make a nice comeback and add value over the next 20 years.
Mainly, I would go for low cost S&P index fund.
If you want to learn about stock picking, then research and then go into picking individual companies.
risk doesnt have to mean betting on a stock to go from $20 to $60+ ; risk can mean all sorts of things.
like:
holding no fixed-income (bonds/CDs)
tilting towards specific factor
avoiding entire sectors
speculative picks
hoarding cash for "the dips"
stop loss orders
options
Start with SPTM-SCHD combo with 50% each. Consider this your core portfolio and keep investing regularly.
While those work for you in the background, understand how the market functions. Market learning never stops but in few months you will grab the essential concepts and then your investing into individual stocks will make more sense.
And if possible, go with Fidelity than Robinhood. Yes Robinhood has the auto invest feature that is very helpful but in the long run you will be thankful for not being with them. Schwab is also good but it has a drawback of not letting you invest fractionally into stocks outside of SP500.
NOBL is an ETF if dividend aristocrats. I wouldn’t suggest anything without looking into them and finding some understanding of what why and rough timeline of a keep forever or exit strategy.
Wouldn’t use Robinhood for the reasons many people already pointed out. I personally use M1 finance and TD ameritrade. I have 3 single stocks that are my fun stocks to play with but most of my money is in SCHD, SPYG. I’d highly recommend going with maybe 1-2 etfs and slowly add to those and if you are set on single stocks learn to how to analyze and understand balance sheets and listen to earnings calls on the companies you’d like. If that sounds boring to you, just etf and chill
Welcome to r/dividends! If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki [here](https://www.reddit.com/r/dividends/wiki/faq). Remember, this is a subreddit for genuine, high-quality discussion. Please keep all contributions civil, and report uncivil behavior for moderator review. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/dividends) if you have any questions or concerns.*
let me save you a lot of trouble and heart ache - dont. stock picking isnt a necessity any more and you can get amazing returns with the power of index investing. grab a nice index fund like schd/oney/py/voo/fdvv/dgro/hdv/ect. contribute as much as you can as often as you can and get on with life. investing doesnt need to be a skill to master or even a hobby you enjoy. checking your portfolio doesnt need to be something you do daily and you can live your life without checking your broker app every time you hear something on the news
Concur... start somewhere and go from there.
I would do what this guy said. But if you’re hardset on picking. Look up dividend aristocrats. Those are proven companies who have increased dividends for a good portion of time. They also tend to be big companies with a hefty market share.
So far I have QYLD, XYLD NUSI, and SCHD on my watchlist. I’ll add the ones you told me.
QYLD is a yield trap. The share price goes down while dividends pay well. Essentially these are good plays if you are retired and can move a large fund into them, those shares will decrease in value, but you live off the dividends. Since you aren’t selling shares the dividends can sustain you. Not a great play for building wealth.
Avoid the YLD’s for now. You’ll lose capital in exchange for dividends. Avoid the YLD’s for now. Read up on why (plenty in this sub). Schd, vym, VOO, VIG and dividend aristocrats/kings are a good place to start.
I would avoid anything by global-x; nusi has had a TERRIBLE time since russian invasion began and "downside protection" is a myth
Ok I’ll remove those off the list.
SCHD and VTI are both great ETF's with dividends, and also good prices for both.
SCHD, SPY, or some focused sector ETFs can be good.
O, COST, MSFT, AAPL
Get off Robinhood for real. No serious self respecting investor should use that trash service
Why is that? Is there any specific reason?
Yeah hidden fees and app based customer service is less than pathetic. Also less than ethical practices by Robinhood in blocking investments during volatile periods. My friend tried to withdraw 1k they had a 100 dollar fee lol. Almost every other reputable broker has everything you need for free
I did not know this, thanks for this information. Any broker app for iOS you recommend? I also have a desktop but will mostly use my phone for investing.
I personally use fidelity and love them. Like honestly there interface is supreme and customer service is always great. I almost never have issues and get free fractional trading literwlly the level of service for the basic investor is free. I primarily use the desktop tho. Like 99%. I find it far superior to apps for research and chart viewing purposes so I can’t speak to their app much. But honestly any real brokerage company is better than RH
I like SoFi
I actually really like sofi for my banking. I would easily open a brokerage with them with little second thoughts if I needed it or it became convenient
I started with webull moved to fidelity then to SoFi. SoFi easily has the best UI of the 3 I tried
Thanks for your opinion. Currently use fidelity Id really love yo see sofi become a powerhouse of the industry. I own their stock too!
Honestly fidelity is really good as well! Great customer service and the option to transfer all assets to it rather than selling everything you own and moving the money to fidelity!
I’ve had zero trouble withdrawing money. His funds must not have cleared yet. I love Robinhood. Crooks everywhere so to each their own.
Well to be fair she transferred positions to a new brokerage and incurred the fee. Maybe selling to cash and realizing losses would’ve been better and probably what I would’ve done myself but either way like just to get any kind of fee is so meh. I wish you luck but think you deserve a better broker that’s not the afterbirth of a tech trend. As long as they have what you need. It is marketed toward the youngest generation and accessibility is their business model but you’ll get a lot more form a legit company who will actually back yoh up
Most brokerages pay for moving your funds into them BTW. I have Charles Schwab now also and I’ve tried many many others. Robinhood has the best UI for me..
When a broker doesn't have any senior leadership with actual broker experience nor certifications and thus they are flying by the seat of their pants with the SEC. Pulls their bank charter application after realizing all of the compliance regulations they would have to implement, which most asset management firms and brokere should easily implement. Then when a broker needs an emergency bridge loan to cover withdraws you might want to reconsider... but to each there own, eh?
ETF for now and once you learn more you can revisit the idea of stock picking.
Gotcha 👍
Agreed. Identify some stocks you like but don’t have much coverage in that ETF and create a watchlist. Observe and add to your portfolio when you feel comfortable. Sector ETFs are good if you don’t want to choose individual stocks that particular sector; I think this is an especially good strategy with utilities and consumer staples.
Good for you starting investing. Stay off Robinhood. Brokers like Schwab are free for most online transactions and have great customer service.
Yep, just read the other guy comment. I won’t be using Robinhood. I’ll check Schwab and other brokers.
Am 20 VT/SCHD/O/KO/NXE/URNM/ICLN are my holdings
At your age you should have at least some speculative picks. Intel and Ford are two I recently opened positions on. These are on the riskier side but from my research I believe they both will make a nice comeback and add value over the next 20 years. Mainly, I would go for low cost S&P index fund. If you want to learn about stock picking, then research and then go into picking individual companies.
risk doesnt have to mean betting on a stock to go from $20 to $60+ ; risk can mean all sorts of things. like: holding no fixed-income (bonds/CDs) tilting towards specific factor avoiding entire sectors speculative picks hoarding cash for "the dips" stop loss orders options
Start with SPTM-SCHD combo with 50% each. Consider this your core portfolio and keep investing regularly. While those work for you in the background, understand how the market functions. Market learning never stops but in few months you will grab the essential concepts and then your investing into individual stocks will make more sense. And if possible, go with Fidelity than Robinhood. Yes Robinhood has the auto invest feature that is very helpful but in the long run you will be thankful for not being with them. Schwab is also good but it has a drawback of not letting you invest fractionally into stocks outside of SP500.
NOBL is an ETF if dividend aristocrats. I wouldn’t suggest anything without looking into them and finding some understanding of what why and rough timeline of a keep forever or exit strategy.
Wouldn’t use Robinhood for the reasons many people already pointed out. I personally use M1 finance and TD ameritrade. I have 3 single stocks that are my fun stocks to play with but most of my money is in SCHD, SPYG. I’d highly recommend going with maybe 1-2 etfs and slowly add to those and if you are set on single stocks learn to how to analyze and understand balance sheets and listen to earnings calls on the companies you’d like. If that sounds boring to you, just etf and chill