**Stocks for BEGINNERS thread**
Why should you get in stocks ? Well .. everybody reasons are different BUT 9 times outta 10 , u have a savings acct ? IRA ? 401k ? CD ?
So u put money in these accts to receive a % back , right ? These % are low compared to stocks . EX: CD acct u making like 1%-4% back off $100 . Typically you putting in money only recieving $3-$7 A YEAR !! Not worth it đŸ„Ž (if u want to generate real money)
A cd account pays out about 1-4% a year so off of $100 you make $2-$4 a year off that 100$ .. If you put you money in a ira acct or 401k u get $3-$7 a year off of every $100... Your doing good your making about 14% in less than a year
Ok so now that we’re on the same page as to WHY I’m in stocks ... here’s the break down of HOW I started .... first step , RESEARCH! I researched companies
You research companies 1. I’m not putting money in a company that don’t support my skin tone (yes I gaf bc , ya it’s a no for me) I paid close attention to Juneteenth!!! on a serious note tho .....
But frfr , u research companies to see how they move . Don’t put money on a company who is not constantly evolving. EX: McDonald’s vs Apple
McDonald’s: overall have trash ass food and it’s not really much they can do to tweak they menu , it’s McDonald’s for gods sake

Apple: CONSTANTLY EVOLVING!!! Every year it’s a new phone out , computer, headphones SOMETHING they on top of they marketing!
******sidenote , the moment McDonald’s decides to switch their menu up to healthy alternatives BET YOUR LAST DOLLAR ON THEM bc that’s wat we want/need . The ppl gone go CRAZY !
Ok now that you done your research on companies , u ready to find a stock trader app , website or watevaaaa . Ok I started off on robinhood .. ummmm đŸ€š it’s ok , but it’s not beginner friendly for me . So let’s head to CASH APP đŸ˜© (hate them too but it work)
I’m advising you to start off small . I want u to test the water , get a feel first bc u don’t wanna go crazy just yet !! $5 , $7 , $10 ... just to see some money come in . Day one I put $10 on 5 stocks . Just to see wat it’s like .
Now at this point , you should be watching to see which stock is bringing u money ... give it TWO WEEKS ! Before adding another red cent ! I’ll explain why later .
Week THREE . The stocks that are least favorable LEAVE THEM ALONE , keep ya lil $10 or wateva on there and DONT TOUCH IT !!! Week three it’s time to bring the bandzzzz out
Now ya stocks that’s popping ? 🗣LETS GET IT !
Got ya money ready ? BET ! Let’s do it ... so now we gotta match their “share price” I’ve been telling y’all my money maker is SHOPIFY . Now in order to see some real money come in I gotta match or go over their share price !
I would have to put $264.95 or more in to receive some REAL money back !!
This isn’t my Spotify stock BUT this is bad day is the stocks . The “total gain” on a good day can definitely go up 1k
Wrapping up this thread ... going back to the beginning. U just made $200 extra , in a day when a bank acct COULD NEVER bring u this income back .
You can follow @1HollywoodFat.
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