CorbLand
WKR
- Joined
- Mar 16, 2016
- Messages
- 7,739
Far from an expert at this so take it as this is what I do but not what you should do.I'm more of a buy and hold for retirement sort of guy. Been moving over to ETFs, but still have some individual stocks. Most of you guys buying individual stock, are you guys buying and holding long term for retirement (10-30+years) in mind, or trading in mind, with a price you're aiming to sell at?
I have 3 different accounts
Fidelity
1. I have an individual account that I play with risky stuff and try to turn a quick buck. Mostly day trade and short term stuff. I do have a little long term stuff in in but not much. I started this account about a year ago with 200 bucks. Day traded it to 1000 and now it sits around 650. Like I said its my risky account. I have made money and lost money in it.
2. I have an IRA that I opened when I owed some tax money and they were offering a 1 to 1 match on IRAs. I owe 850 bucks so I put 850 bucks in an IRA so I didn't have to pay the IRS. I have a combination of short term and long term in here. I do some short term quick flips to fund long term buys. Its around 2000 right now. The majority are long term individual stocks that pay dividends.
3. My 401K through work. Its all in a fund that tracks the SP500.