Reply to Is it a big mistake not to invest in the stock market right now?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes it’s a waste not to be in market. [/quote]
This. It's been so hard not to make make money in 2020. I bought about 25 different stocks and all of them went up 50% or more. Many doubled, tripled- Novavax (10times), Nio (bought at $7), Tesla ($100), Zoom ($170 and I thought it was too high), even Apple (40%) and Amazon (60%) did ok. I just bought another stock based on a "tip I heard on a bus" and even that went up 40% in a month.
Everybody talks about crashes and how we need to diversify and stay away from individual stocks and how market only makes 10% a year if you are lucky. Might be true, but lets also talk about stock stocks doubling, tripling. There are so many more people in the market and buying and selling costs almost nothing. Put a stop loss on it if too scared.
[/quote]God. Reading this and I feel like I made such a mistake not investing. I have 40k just sitting in the bank earning like a tenth of a percent. I really need to learn how to invest.Do you just open a brokerage account?[/quote]

If this is your emergency fund, don't invest it. If these are "extra" funds, make sure you've maxed out your (+/- spouse's) Roth IRAs first. Then yes, open a taxable brokerage account for the rest.[/quote]

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