How do you guys scratch your itch when you see a promising stock but dont have the money to fully take advantage of it? I'm more of a long-term investor, buy and hold forever with compounding interest but lately, I've seen a few potential short-term buy and sell stocks (Eg: I'm keeping an eye on GE) that have some promise... but I dont have a large enough sum to make the profits even worth it after commissions (I live in Canada, so Robinhood is a no go).
Currently, my portfolio is built on long-term stocks and ETF's (DIS, ENB, SPHD, VGRO, VXUS and ZLB) which I re-invest all dividends back in - it's ~$1700 between them all. I'm 25, so I have PLENTY of time to keep adding into these for the long run... but how do you invest your money in small amounts?
I put ~$200/month into investments (yes i know its not alot, no there is no other way to put more in, ive done the spreadhseets, i dont have any debt other than my mortgage and yes i do have a nest egg). My wife is currently a stay at home mom, and will be for another little while as we are planning kid #2 (she won the rock, paper scissors game) for this year. So the next few years will be stuck ~$200/month invested.
Do I stick with tossing it into the ETF's and build them up for more compounded interest? (what im going with right now)
Do I save up a lump sum and put it towards a possible short term buy?
Do I sell what I have now, invest into bitcoin and become a bijillionaire?
Let me know what you would do. My risk tolerance is moderate/high.
TLDR:
How would you invest your money if you could only put $200/month into the market?
Submitted January 02, 2019 at 01:00PM by dmcevoy14 http://bit.ly/2Qk2wiH
No comments:
Post a Comment