Does anyone here invest?

I wanna learn to invest this year cos I have a CTF I can use to spend money on investing

my plan was to put money in the SMP500 cos its hella stable

Buy low, sell high.

That is my advice to you.

i wouldn't call what i do investing, i just put a bit of money in a little box in my room whenever i get some and keep like 20 dollars for spending.

Invest in companies like Nvidia, Facebook (META), Apple, Amazon, or companies working on clean energy, stay away from crypto and NFTS. And make sure to diversify, don't put all of your eggs into one basket, that's how you lose all of your money.

literally taking a class dedicated to finances right now.

my advice to you and anyone reading this from my finance teacher: START INVESTING YOUNG!! The rule is you should always invest in more stocks earlier in life than bonds. Once you start putting in, say $100, each month then overtime that will compound, and once you reach your 60s most of the money you make from investing will not be the money you put in each month.

But yes to answer your question, I do think that the S&P 500 is a good idea to invest in. Just please make sure you don’t become obsessed with looking at individual stocks on the market daily. That’s how people eventually end up becoming emotionally attached to their money, which is why SOME people made the mistake of pulling out their money during the 2008 market collapse (if they could’ve taken those risks). And, as Miro said, DIVERSIFICATION IS KEY! You do not want to have the same boring stocks everyone else has! Just because they’re popular doesn’t mean they can earn you a ton of money later in life!!

jemi1234 wrote on 19th January 2022, 07:26 AM:

literally taking a class dedicated to finances right now.
my advice to you and anyone reading this from my finance teacher: START INVESTING YOUNG!! The rule is you should always invest in more stocks earlier in life than bonds. Once you start putting in, say $100, each month then overtime that will compound, and once you reach your 60s most of the money you make from investing will not be the money you put in each month.
But yes to answer your question, I do think that the S&P 500 is a good idea to invest in. Just please make sure you don’t become obsessed with looking at individual stocks on the market daily. That’s how people eventually end up becoming emotionally attached to their money, which is why SOME people made the mistake of pulling out their money during the 2008 market collapse (if they could’ve taken those risks). And, as Miro said, DIVERSIFICATION IS KEY! You do not want to have the same boring stocks everyone else has! Just because they’re popular doesn’t mean they can earn you a ton of money later in life!!

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don't put it into NFTs