Financial Portfolio
I have made thousands of dollars with my investments. The key to investing is getting in when the market is low. Right now the Dow Jones industrial average is around 34,000. This is a very high so maybe the right play is a short where you want the market to go down. I think if the market went below 32,000 I would invest. Right now I have a Schwab Total Market Index fund. This is thru Schwab.com but Vanguard is another great option for a total market index fund. This is the best way for a beginner to invest in the stock market. The tell for a Total Market fund is the Dow Jones Industrial Average. If you invest smartly(buying at low Dow Jones)and the Dow goes up you make money. Also you can set the fund to reinvest all dividends and profit back into the fund. I am sorry to say the market is very high right now and is not a good entry point.
Another investment in my portfolio is cryptocurrency. All the investors went crazy for bitcoin and it didn’t raise in value because of the hype like stocks do. However, it has turned out to be a good investment in 2021. I invested in Ethereum on the platform coinbase.com. This doesn’t cost as much a Bitcoin and is a major player in cryptocurrency. If you buy in at a low point the long haul seems pretty good for Bitcoin and the other major cypto. The three top cryptos are Lite coin, Bitcoin, and Ethereum. I have doubled my investment in a few short years. The market seems decent right now and has gone down in recent months. Do your homework before you invest and be ready to be in for a long term investment. If you feel you want to cash out with a decent profit good for you. The key to holding cryptocurrency is the digital wallet which you can set up with coinbase.com
The last investment in my so-called portfolio is domains. This is the .com name for your website. Godaddy.com has a platform to set up to sell them. However I prefer Namecheap.com. This may turn out to be lucrative if you come up with the right name. When I was at Columbia College Chicago (1999-2001) I wished someone had told me to buy domains. If I had gotten creative back then I would be a lot richer. The internet was still young and all the domains were still available. I would have bought all the domains I could and sold them for millions. You don’t have to sell domains to benefit. I bought some creative domains: Healthylifestyle.me Optsavvy.health & afterworkoutexplosion.net. You can buy domains with Namecheap.com for men(I prefer) and Godaddy.com for Woman like girls. I prefer just to buy the domain and hold on maybe sell.
I looked into Stock Options. If you want to invest in directional trading with Put and Calls you have to know the strike price. This is the number when the trade is made. There are lots of tricky trades you can do like straddle or you can hedge your trade with a put option. If you can find a comfortable strike price with the market you can make money. A stock option is 100 shares. This is a leverage that regular stock trading doesn’t have. However, you need to learn more and is not as easy as buying regular stocks. There are all sorts of Moving averages and channels to see what a stock option will do. Trade Like Chuck is a good book I read that covered everything but the strike price. If the stock is a big mover either way you will profit with your strike price.