I just opened a TD account and am excited to start investing (I have a Roth account, but these will be my first stock trades). Before I get started, I have two questions:
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I've been reading articles that say the market is about to dip -- Should I wait until after the market dips to start investing, or should I buy and hold, and weather any incoming storm?
- Seeds of next economic crash see in widening imbalance: https://www.sfchronicle.com/opinion/reich/article/Seeds-of-next-economic-crash-seen-in-widening-13204777.php
- Not a lot of signs that a US recession is coming soon: https://www.cnbc.com/video/2018/10/02/not-a-lot-of-signs-that-a-us-recession-is-coming-strategist.html
What are your thoughts? It looks like we're 2-3 years away, no?
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I'm thinking of buying stocks as "Not investing in companies in particular, but investing in emerging markets generally." So, for instance, the marijuana industry is going to be big, especially after Oct 17 when Canada nationally legalizes marijuana. I'm less concerned about which companies I buy specifically, than buying a diverse collection of stocks representative of the production, distribution, and sales channels of the marijuana industry.
Does this seem like a good philosophy? The same is true for the cloud industry (HubSpot, Tableau, Amazon), and the self driving car industry (Nvidia, Tesla).
Any thoughts you have about 1 and 2 above are appreciated. Thank you!
Submitted October 04, 2018 at 07:58AM by cleanbean1776 https://ift.tt/2O3uWS2
