So, yeah, the title.
I started investing a couple of years ago. I dont have a huge sum yet, but I feel like I should be investing in growth stocks more because I am kind of young (25) and can take risks with my money right now.
I usually see dividend stocks and ETFs as "safe" investments that grow at a slower pace over time. I am not sure if that is a correct perception, so please feel free to correct me.
A lil more background, I am still trying to get into the mentality of dump and forget as well when it comes to investing. When I first started, I was told that when my investments gain a good amount, I should book the profits and sell the stock, but at the same time I look at people who buy a stock and dont care whether it goes up or down, cuz they are investing for 20-30 years (not necessarily in Roth IRA or 401K). I am not sure how to get into that kind of mindset, but I am trying.
So yeah, kinda all over the place. Any advice regarding the question in the title or otherwise would be great!
Thanks in advance!
Submitted July 07, 2024 at 12:07AM by violeja https://ift.tt/rK3Mwtj
