Open up a ROTH account (I'm assuming their income is low enough that the qualify) and then put the $5k in an S&P or NASDAQ ETF.
Roth account is a great call. Can back door it also if their income is too high. If someone unfamiliar with how to back door a Roth, Google can explain.
ETA: unless this person thinks they canít do without the $5k until retirement.
Anyone who thinks buying a stock because the price is going down is an idiot. Anyone that believe buying a stock because the price is going up is an idiot.link to original post
While buying a stock solely because it is going up or down ("Liked it at 10, love it at 5" is simply boiler room sales pitch) is unwise, statistically speaking, throw a dart at any given stock during a period when it is going up versus a period when it is going down, and you will be much more likely to profit at least in the short term buying on the way up.
Momentum tends to carry stocks up or down, at least for a while.
Quote: AxelWolfNO YOU DON'T !!!Quote: Wellbush
i've already stated that i do gamble online with free software🤷♀️
Gamble: play games of chance for money or things of value.
You basically play video games online that may or may not use the same "randomness" they use when actually placing real wagers.
Congratulations, You have figured out absolutely nothing, nada, zilch.... when it comes to a system that could actually be used to profit from gambling.link to original post
AWolf actually has a valid point. You may study a stock and study its "habits" for darn near a year, but UNTIL you put real money on the line you can't know how you (or the stock) will behave.
Simulated accounts are a world apart from the real thing.
I'll watch a stock until I pull the trigger but until I do pull that trigger, nothing matters. I'm playing with real money, millions of dollars thrown into some of my trades, and that makes all the difference.
Strong TSLA day. No question.