09-15-2018, 03:10 PM
(09-15-2018, 01:50 PM)unifiedwealth365 Wrote:Nothing wrong with a little speculative money. Just don't confuse it with real investing. Getting your nose bloodied now may save you from a real loss in the future. I've done plenty of gambling back in the day. Just don't let it turn you off to investing and you'll be happy in the future.(09-15-2018, 01:01 PM)fenders53 Wrote:I totally forgot to introduce myself so thank you for the welcome. I love real answers and yours made me stop and think. I was about to fall for the flashing lights. Before this etrade business that's where my focus was on the s&p. Stick to what I know until I learn and am ready. Thanks(09-15-2018, 12:30 PM)unifiedwealth365 Wrote: So I've been using capital one share builder app for years and they decided to sell to etrade. I have just under $200 in my money market account going to be transferred to etrade. Any advice? I want to look into medical marijuana companies please throw some bread crumbs
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First of all welcome the the forum. This is an investing forum and not a gambling forum so you may not like this advice but you will understand it's good advice someday. Gambling is fun but do it on the side with play money. Step one is to start something real. If you don't have much money to start then I suggest an S&P 500 index fund. Another option is a Dividend Re-investment program. That's how I started 35 years ago. You can invest directly into a solid company. $20 a month if that's all you have. Zero commissions.
If you want to play with MJ stocks head on over to a penny stock forum and throw down a $100. Consider it an education as you learn most of these companies are complete scams. Who knows, maybe you'll get lucky. The Canadian MJ stocks are less scammy then most if that helps you any. But it's a trade, not an investment.
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