I guess most people who come to GLL are those who want to improve in some areas of their lives.
A little background:
Last year I focused a lot on dating and I learned a lot. I can't yet say that I can get laid(with hot girls) whenever I want, but now dating is not that esoteric knowledge and I know the dynamics that go into it.
Since I spent lots of energy and time into dating, my professional growth as well as my social life suffered a bit. I had only temporary acquaintances that I could not count on if I needed help with anything.
During fall I also had unnecessary expenses and roadblocks that prevented me from starting some of my small projects.
So this year will be about building on my finances, social circles and dating, in that order.
First off, I just bought a new car that hopefully I can use for Uber/Lyft. I'm planning to pay it off within 3 years with a 2.01% interest rate. Aplying for credit lowered my credit score from 730-740, to about 710-720. I use creditkarma to keep an eye on my credit. A good chunk of my paycheck will go to pay off the car, but at least my credit score will benefit from it, and I'm also saving a lot on gas.
When it comes to investments I'm a noob, but I'm learning as it's been in my focus for the past 2 months.
I've been reading some investment blogs that have helped me get started, not just trading but managing money in general.
What I have been doing for the past two months:
Sending a small chunk of my pre-tax money to my Health Savings Account.
I am investing 20% of my pre-tax money into my 401(k):
(VITSX)
FIAM INX
(FPUKX)
(VINIX)
YTD: 2.83%
Also
Individual Account:
Bankers Petroleum $0.62/Share +7.75%
Etsy $8.71/Share -4.04%
Total Gain/Loss: +2.60%
I'll probably hold on to these two for a long time.
I also opened an account with Robinhood so I can mess around with stocks without paying for every trade.
I started with:
Hortonworks and Etsy, I got them at a very low price, I kept these two stocks for a month and sold them last week, with a around 9.70% growth, the reason is that I want to learn about different markets. My understanding is that I can't day trade as I'd need a good sum of cash on my account if I get labeled as a day trader.
So I'll play around with the little cash I have in my account by selling and buying from time to time, Every time I sell, Robinhood makes me wait for 3 days before I invest my money again. Last night I looked up the worst performing stocks of the day and earlier this morning I bought:
Southwestern Energy SWN $5.58
Marathon Oil MRO $7.69
QEP Resources Inc. QEP $9.50
Total Gain/Loss: +1.44%
Since I'm investing a small amount, I'm researching stocks that are worth between $5-20.
A little background:
Last year I focused a lot on dating and I learned a lot. I can't yet say that I can get laid(with hot girls) whenever I want, but now dating is not that esoteric knowledge and I know the dynamics that go into it.
Since I spent lots of energy and time into dating, my professional growth as well as my social life suffered a bit. I had only temporary acquaintances that I could not count on if I needed help with anything.
During fall I also had unnecessary expenses and roadblocks that prevented me from starting some of my small projects.
So this year will be about building on my finances, social circles and dating, in that order.
First off, I just bought a new car that hopefully I can use for Uber/Lyft. I'm planning to pay it off within 3 years with a 2.01% interest rate. Aplying for credit lowered my credit score from 730-740, to about 710-720. I use creditkarma to keep an eye on my credit. A good chunk of my paycheck will go to pay off the car, but at least my credit score will benefit from it, and I'm also saving a lot on gas.
When it comes to investments I'm a noob, but I'm learning as it's been in my focus for the past 2 months.
I've been reading some investment blogs that have helped me get started, not just trading but managing money in general.
What I have been doing for the past two months:
Sending a small chunk of my pre-tax money to my Health Savings Account.
I am investing 20% of my pre-tax money into my 401(k):
(VITSX)
FIAM INX
(FPUKX)
(VINIX)
YTD: 2.83%
Also
Individual Account:
Bankers Petroleum $0.62/Share +7.75%
Etsy $8.71/Share -4.04%
Total Gain/Loss: +2.60%
I'll probably hold on to these two for a long time.
I also opened an account with Robinhood so I can mess around with stocks without paying for every trade.
I started with:
Hortonworks and Etsy, I got them at a very low price, I kept these two stocks for a month and sold them last week, with a around 9.70% growth, the reason is that I want to learn about different markets. My understanding is that I can't day trade as I'd need a good sum of cash on my account if I get labeled as a day trader.
So I'll play around with the little cash I have in my account by selling and buying from time to time, Every time I sell, Robinhood makes me wait for 3 days before I invest my money again. Last night I looked up the worst performing stocks of the day and earlier this morning I bought:
Southwestern Energy SWN $5.58
Marathon Oil MRO $7.69
QEP Resources Inc. QEP $9.50
Total Gain/Loss: +1.44%
Since I'm investing a small amount, I'm researching stocks that are worth between $5-20.