Buying shares?

[sweep_shot]

Millionaires company soon bro.

In sha Allah.

Let's see.

I wish I started in my 20's. Anyway, better late than never I guess.

 

[aboveandbeyond]

In sha Allah.

Let's see.

I wish I started in my 20's. Anyway, better late than never I guess.

Absolutely. Never to late to invest.

 

[Technics 1210]

Absolutely. Never to late to invest.

That depends.

Early years sure, laters year in 50s or 60s, and the hope is not to hit a cyclic crash/downturn.

Pensions wise, the longer you leave it, the larger the monthly contribution will be required to meet your average lifestyle - the time delta can destroy pension pots.

This is why it is always wise to have short positions which profit in a market crash/downturn.

 

[sweep_shot]

That depends.

Early years sure, laters year in 50s or 60s, and the hope is not to hit a cyclic crash/downturn.

Pensions wise, the longer you leave it, the larger the monthly contribution will be required to meet your average lifestyle - the time delta can destroy pension pots.

This is why it is always wise to have short positions which profit in a market crash/downturn.

I am in my 30's. I hope I am not late.

Anyway, I am enjoying it. Learning a lot.

 

[Technics 1210]

I am in my 30's. I hope I am not late.

Anyway, I am enjoying it. Learning a lot.

At 30 you’re still wet behind the ears!

 

[sweep_shot]

At 30 you’re still wet behind the ears!

LOL.

Let's see how it goes for me.

I have some experience with cryptos as I follow cryptos for almost a decade. I know how these work. I know which cryptos to choose, which are likely to remain stable etc.

But, I am a novice when it comes to stocks and other investments. Still learning these things.

 

[Technics 1210]

LOL.

Let's see how it goes for me.

I have some experience with cryptos as I follow cryptos for almost a decade. I know how these work. I know which cryptos to choose, which are likely to remain stable etc.

But, I am a novice when it comes to stocks and other investments. Still learning these things.

My advise, stick to one sector/vertical, if it is crypto, then stick with what you know.

I’ve been trading on precious metals for over 2 decades. Some times I trade individual stocks, but 99.99% of trades are in precious metals.

You need to read up on shorting. Believe me, it’s a religious experience and the best insurance policy when the markets crash/decline - otherwise if there is a crash, and you have no short positions, you will be wiped out.

 

[sweep_shot]

My advise, stick to one sector/vertical, if it is crypto, then stick with what you know.

I’ve been trading on precious metals for over 2 decades. Some times I trade individual stocks, but 99.99% of trades are in precious metals.

You need to read up on shorting. Believe me, it’s a religious experience and the best insurance policy when the markets crash/decline - otherwise if there is a crash, and you have no short positions, you will be wiped out.

Thanks.

My current portfolios --> 71% in cryptos, 11% in gold/silver, 18% in ETFs.

BTW, I saw preachers declaring short selling haram. See below:

I am a day trader of stocks. Is it permissible to short sell in Islam.? -

I am a day trader of stocks. Is it permissible to short sell in Islam. Short selling is the selling of a stock that the seller doesn't own at the time of selling them. He sells them in the hope

islamqa.org

 

[sweep_shot]

I think cryptos may have a small crash now (there are signs) but it should go up again. No need to panic.

Rise. Fall. Rise. Rise. Fall. Rise. Rise. ---> this has been the pattern for cryptos throughout the years.

 

[aboveandbeyond]

I think cryptos may have a small crash now (there are signs) but it should go up again. No need to panic.

Rise. Fall. Rise. Rise. Fall. Rise. Rise. ---> this has been the pattern for cryptos throughout the years.

Bingo. Sell/ buy again. (if profited) otherwise hold for long term.

 

[aboveandbeyond]

I think cryptos may have a small crash now (there are signs) but it should go up again. No need to panic.

Rise. Fall. Rise. Rise. Fall. Rise. Rise. ---> this has been the pattern for cryptos throughout the years.

When is this mini crash expected?

 

[sweep_shot]

When is this mini crash expected?

I think it has already started. LOL.

Bingo. Sell/ buy again. (if profited) otherwise hold for long term.

Yes. I think there are 2 ways to handle this:

1) Sell right now and buy back when price drops.
2) Don't sell and wait for it to rise again. In other words, weather the storm.