If you have the money to spend/blow, the “correct” approach is to:
Put the vast majority if your money into stable investments. Index funds, bonds, etc. You should have a retirement fund with at least one of the major companies (I have had good experience with Vanguard and Fidelity) and they can help with that. This is for retirement and the like.
Put a VERY small amount into “one off” purchases of various stocks. Stuff like “I think this apple computers might take off some day” kind of purchases. This is not a retirement fund. This is gambling. But it still might mean you have money for a kitchen remodel or a rainy day.
But if you don’t have money to “throw away”? Do not buy individual stocks. Or crypto. Or anything other than what you need to have a life after you age out of the workforce because late stage capitalism.
If you have the money to spend/blow, the “correct” approach is to:
But if you don’t have money to “throw away”? Do not buy individual stocks. Or crypto. Or anything other than what you need to have a life after you age out of the workforce because late stage capitalism.
My one-off is still GME. Diamond hands.
The thousands of rounds of ammunition I purchased during the height of covid has gone from 32 cents to 42 cents per round.