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I have NO experience, little money, and just read the reviews saying "Stash app fees too high." I am one of those that would like to start investing with the $5, and lwarn and make good trades and money along the way.
Might be able to do about $100 a month of invest at first..
Which Fidelity account is right for me? How does it work? And how does one make money on the stock market?
I have NO experience, little money, and just read the reviews saying "Stash app fees too high." I am one of those that would like to start investing with the $5, and lwarn and make good trades and money along the way.
Might be able to do about $100 a month of invest at first..
Which Fidelity account is right for me? How does it work? And how does one make money on the stock market?
The best way to lose money is by trading.
The best way to make money for most people is by buying a mutual fund regularly. Buy on a Friday when the market is down, and have all dividends reinvested.
The best way to lose money is by trading.
The best way to make money for most people is by buying a mutual fund regularly. Buy on a Friday when the market is down, and have all dividends reinvested.
^^This.
Fidelity now has several index funds that have no minimum balance requirement.
Trying to make money trading is like trying to win the lottery. Very few people make any money that way.
Put money in their total market index fund and keep doing it. It's boring. But people who do the boring things are the ones who actually make money. But people don't like to hear that because you can't get rich quick doing that, unless you save a high percentage of your income, which most people are unwilling or unable to do.
just keep in mind that these are different than the more popular index's followed .
fidelity created their own index's rather than pay to license the more standardized ones . so while it is an "index " it is not THE "index " other like funds use
The best way to lose money is by trading.
The best way to make money for most people is by buying a mutual fund regularly. Buy on a Friday when the market is down, and have all dividends reinvested.
Actually monday's have more down days then friday's do .
Based on your comments I would suggest take just a little time and read a general investing book such as Investing For Dummies, The Neatest Little Book for Investing & then if the bug strikes you- The Millionaire Next Door and The Intelligent Investor.
Once you understand the basics then you will know which questions to ask which will be much more meaningful for you then just blindly asking others to tell you what to do. As you can see that opens you up to non-sense feedback such as buy on a certain day of the week etc.
just keep in mind that these are different than the more popular index's followed .
fidelity created their own index's rather than pay to license the more standardized ones . so while it is an "index " it is not THE "index " other like funds use
All that matters is if the fund mirrors the performance of whatever index the fund is benchmarked to. If it is the Wilshire 5K then as long as it matches performance.
that is just it , it is bench marked to fidelity's own creation .
in order to mimic an index you have to pay licensing rights to the creator .
in order to not charge for these funds fidelity could not pay licensing rights to mimic the index . so they created their own .
so while they are called an index fund they really will not be the same as what we know as an index fund .
The Fidelity funds are the same as the MSCI & GSCI index's that quite a few emerging market & commodity funds use. They did this so they wouldn't have to pay the licensing fee's to the index's. The point is if you look at a "S&P" MSCI index it's almost the same, there is enough difference in weights (nominal) to not violate their agreements.
This is where you also get tracking error with a lot of funds.
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