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Buying shares?

aboveandbeyond said:
Absolutely. Never to late to invest.
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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.
 
Technics 1210 said:
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.
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I am in my 30's. I hope I am not late.

Anyway, I am enjoying it. Learning a lot.
 
Technics 1210 said:
At 30 you’re still wet behind the ears! 😜
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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.
 
sweep_shot said:
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.
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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.
 
Technics 1210 said:
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.
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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 islamqa.org
 
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.
 
sweep_shot said:
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.
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Bingo. Sell/ buy again. (if profited) otherwise hold for long term.
 
sweep_shot said:
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 islamqa.org
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Errrr this is BS.

So when shares move up it is halal, when shares move down it is haram? What kind of logic is this?

Look, have you ever been to a store, online, or on the streets, and pick up a product and thought to yourself, this should be cheaper? Even if it's Gas/Tickets/Food. If yes, this is shorting.

Thinking that something is too expensive and should be cheaper is the essence of shorting, and isn't haram in my book, but each to their own.

Not only that, all trades on the market are legally known as bets as risk is associated with every trade - why isn't trading generally haram then? (Rhetorical).

Anyway good luck on Cryptos! 😎👊
 
aboveandbeyond said:
When is this mini crash expected?
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sweep_shot said:
I bought shares of 5 halal ETFs. Updated portfolio (6 halal ETFs, 9 cryptos, gold, and silver).

View attachment 157020


View attachment 157021
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I have reduced my crypto portfolio by 38% due to a potential upcoming crash and also to diversify more.

Only keeping 5 coins for now --> Bitcoin, Etherum, Solana, ChainLink, and XRP.

I want to focus on halal ETFs/stocks and gold/silver for the next few months. Cryptos may see a correction.
 
Technics 1210 said:
Errrr this is BS.

So when shares move up it is halal, when shares move down it is haram? What kind of logic is this?

Look, have you ever been to a store, online, or on the streets, and pick up a product and thought to yourself, this should be cheaper? Even if it's Gas/Tickets/Food. If yes, this is shorting.

Thinking that something is too expensive and should be cheaper is the essence of shorting, and isn't haram in my book, but each to their own.

Not only that, all trades on the market are legally known as bets as risk is associated with every trade - why isn't trading generally haram then? (Rhetorical).

Anyway good luck on Cryptos! 😎👊
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short selling isnt haram due to it being profiting from the price moving down, its haram (imo) because the main mechanism of short selling, i.e. loaning a security which involves interest, selling it, then buying it back at a latter (cheaper) price to give it back to whoever you loaned it from involves interest in the loaning, because this is often done via a repo transaction where the other leg is a cash with interest transaction, and becuase selling items you do not own, afaik, is haram, because the buyback involves uncertainty around price, and islamically you cannot agree to a sale or purchase contract with an unknown price, but then some people say some conditions are not applicable if your hedging, i.e. the price uncertainty is minimised due to your own assets, etc, im not religious so dont quote me on it, everybody should do their own research. @sweep_shot
 
ElRaja said:
short selling isnt haram due to it being profiting from the price moving down, its haram (imo) because the main mechanism of short selling, i.e. loaning a security which involves interest, selling it, then buying it back at a latter (cheaper) price to give it back to whoever you loaned it from involves interest in the loaning, because this is often done via a repo transaction where the other leg is a cash with interest transaction, and becuase selling items you do not own, afaik, is haram, because the buyback involves uncertainty around price, and islamically you cannot agree to a sale or purchase contract with an unknown price, but then some people say some conditions are not applicable if your hedging, i.e. the price uncertainty is minimised due to your own assets, etc, im not religious so dont quote me on it, everybody should do their own research. @sweep_shot
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It's easy to short sell without loaning a security - PUT options.
 
ElRaja said:
short selling isnt haram due to it being profiting from the price moving down, its haram (imo) because the main mechanism of short selling, i.e. loaning a security which involves interest, selling it, then buying it back at a latter (cheaper) price to give it back to whoever you loaned it from involves interest in the loaning, because this is often done via a repo transaction where the other leg is a cash with interest transaction, and becuase selling items you do not own, afaik, is haram, because the buyback involves uncertainty around price, and islamically you cannot agree to a sale or purchase contract with an unknown price, but then some people say some conditions are not applicable if your hedging, i.e. the price uncertainty is minimised due to your own assets, etc, im not religious so dont quote me on it, everybody should do their own research. @sweep_shot
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I go with what majority of the scholars say. If they say it is not allowed, I stay away.

Also, I am a noob when it comes to stocks. I am still learning a lot. For now, I am sticking with ETFs (I bought shares of 6 halal ETFs). I may buy some individual stocks soon.
 
Im entering into this in this month. Lookiing to invest and understand stocks more.

After a month i also plan to open a merchnatile trading account for trading commodities.

Im 30, so can i still make some money?

Opening an acc with Js global, so can only invest in Pakistani stocks i guess
 
HLAL ETF is giving me profit. I am very happy with this. This is one of the best shariah-compliant ETFs.

I also bought 1 share of Boston Scientific recently.
 
Major said:
Im entering into this in this month. Lookiing to invest and understand stocks more.

After a month i also plan to open a merchnatile trading account for trading commodities.

Im 30, so can i still make some money?

Opening an acc with Js global, so can only invest in Pakistani stocks i guess
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Considering your market is in high growth stage... I would invest a portion in an index tracker if it is available on your platform.
 
jaspa888 said:
All good my friend, hope you are doing well too. What are you into these days?

Got very busy with life so was unable to keep track daily (news, rather than prices) on micro shares as is required. Sold them all several years ago (made more than I lost, thankfully). Was a fun, wild ride while it lasted, and very educational too. But more lessons learned regarding what not to do.

Now a boring old man who invests rather than trades. 80% in low-cost global indexes, 10% in UK gilts, 10% exposure to BTC (in case of global economy meltdown). Less spectacular outcomes, but ultimately far less stressful. I am encouraging my son, nephews and nieces the importance of early, regular investment with the power of compounding. I wish someone had similarly guided me when I was younger.

Would highly recommend the following people to follow on YT for those looking to invest (not trade):

Damien Talks Money
@DamienTalksMoney

James Shack
@JamesShack

PensionCraft
@Pensioncraft

Toby Newbatt
@TobyNewbatt

I Will Teach You To Be Rich
@ramitsethi
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Sorry bro, completely forgot to respond to this.

All good, everything is a learning curve along the way.

Still dabble in microshares every now and then. Have position in WSBN and GSCU but not much else. Mostly ftse 100, 250 and nasdaq these days.

Agree with you with the power of compounding with companies that make good money continuously, and its the foundations of buffet investment.
 
I am pretty novice when it comes to stock investments. I have only been doing it for the past 2 months. Last 2 months have been a great learning experience. I am enjoying it and I am spending a lot of time with it regularly.

My lessons:

- Do not sell in panic if price is going down and/or stays down. Prices go up and down always. Established companies are always likely to bounce back even if they see short-term losses.

- If you are new, perhaps ETF is a better option than individual stocks. ETF does the diversification on behalf of you.

- Cryptos are volatile but top cryptos (Bitcoin, ETH, Solana, XRP etc.) are likely to rise in prices despite occasional hiccups. If you invest now and hold for 5-10 years, you are likely to get great returns.

- Gold and silver are always great investments. You are never a loser for buying these in sha Allah.

- Diversify. Don't put all your eggs in one basket.
 
Just bought a bit more gold and silver.

My updated portfolio:

Cryptos - Bitcoin, Etherum, and ChainLink (24% of the portfolio)
Stocks/ETFs - Boston Scientific and 4 halal ETFs (52% of the portfolio)
Gold and silver (24% of the portfolio).

:inti
 
sweep_shot said:
Just bought a bit more gold and silver.

My updated portfolio:

Cryptos - Bitcoin, Etherum, and ChainLink (24% of the portfolio)
Stocks/ETFs - Boston Scientific and 4 halal ETFs (52% of the portfolio)
Gold and silver (24% of the portfolio).

:inti
Click to expand...

Bought 3 more shares today. 1 share of Suncor Energy, 1 share of Imperial Oil (IMO), and 1 share of CVE (Cenovus Energy).

Updated portfolio:

Cryptos - BTC, ETH, and LINK
Stocks/ETFs - Boston Scientific, Suncor, IMO, CVE, and 4 halal ETFs (HLAL, SPTE, SPUS, and WSHR).
Gold & silver.
 
HLAL, SPTE, SPUS, WSHR, BSX.

These 5 are giving me profits. Alhamdulillah.

Not high profit but steady stuff so far.
 
sweep_shot said:
I bought 52 stocks for Well Health Technologies. Let's see how it goes. :inti

It is at $3.49 USD currently.

Company description:
WELL Health Technologies is a multichannel digital health technology company and Canada's largest owner and operator of outpatient health clinics. The company owns and operates primary healthcare facilities in Canada and the United States and also provides EMR services to clinics and doctors across Canada.
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What’s the symbol for this company?
 
Had 4 tips very recently:

London Stock Exchange Group, National Grid, SSE - all on LSE
United Health Group - US stock

Invested in the first three, waiting for an entry point for the US stock.
 
Asad T said:
Anyone buy ARM Holdings on its IPO debut?
Surely it's valuation is too rich with a PE ratio of over 100 which is the same as NVDIA

"
Arm’s stock is expected to be priced at roughly 20 times its revenue, which positions it as a relatively high-priced option within its industry.
Comparatively, several competitors are achieving growth rates that surpass three times that of Arm, yet they are trading at more conservative multiples, typically ranging from 12 to 15 times their sales.
For instance, Nvidia shares a similar 20-times multiple with Arm, but industry experts anticipate Nvidia’s growth rate to reach approximately 100% this year. Furthermore, Nvidia boasts a more diverse range of business operations compared to Arm, further differentiating the two companies.
""
Or am I missing something
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Hope you bought both ARM and Nvidia :)
 
Rajdeep said:
Hello Hello experts on this forum...so which Shares are good to buy now? I must admit, I burnt my hand few times before investing in Equities and stayed away from Share market since. However, intending to try my luck (and patience) again!

I have below 5 Shares in mind:

1. Alphabet (GOOG) - Trading at 149$ now, I expect it to close 2024 with its shares trading around $210. I don't think google's demand will go down anytime in next decade - Youtube isn't going away, people will continue to use Google search, maps, weathers etc etc. However, anyone investing in Google must be for long term and who know by 2035 the stock price maybe around $800.

2. Zoom (ZM) - The world will go more and more virtual and people will continue to use this app for video calls. Currently trading at 64$, I think its a good deal with a huge uprise potential

3. Amazon (AMZN) - Yes, you heard it right...I am talking about Amazon shares in 2024. I think it will remain as biggest e-commerce platform and with cloud computing etc., its shares which are trading at 174$ are still cheap. Like Google, it is a long term share as well.

4. Starbucks (SBUX) - Everyone needs coffee and everyone will go to Starbucks. Its shares trading at 92$ now looks cheap to me. It also gives decent cash dividend if anyone wants to lap in.

Now my 5th and game changing stock. This AI stock has the potential to be next NVIDIA. 10 years ago back in 2014 when we were busy arguing in PP forum about cricket, had we invested 1000$ in NVIDIA stocks which were trading around 14$ then...we all would be rich men now. NVIDIA stocks are now closing 900$ with even more uprise potential.

I am looking for a similar stock which can be next game changer. So I think:

5. Palantir Tech (PLTR) - which is an AI stock has tremendous potential. Considering AI is the future, like internet was 20 years ago, its stock trading around 23$ which is a steal. Lots of investors are jumping into it and if it can be next NVIDIA, it will make many people rich.
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Did you eventually buy Palantir?
 
My biggest holdings (combined 1/3rd of my portfolio) - Nvidia, Google, CAT, and now Amazon did well this year.

Smaller positions in ASTS, AMD, MU, RKLB crushed it.

This has been my most successful year. Now I have the cash but also uncertain if it’s a good time to invest.
 
BreadPakoda said:
My biggest holdings (combined 1/3rd of my portfolio) - Nvidia, Google, CAT, and now Amazon did well this year.

Smaller positions in ASTS, AMD, MU, RKLB crushed it.

This has been my most successful year. Now I have the cash but also uncertain if it’s a good time to invest.
Click to expand...

I regret not investing in CAT earlier. It was under my watchlist.

I was too occupied with cryptos.
 
BreadPakoda said:
Hope you bought both ARM and Nvidia :)
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haha no -- i stick with shipping / natural resource companies because I understand those industries the best. They have done quite well over the last few years.

but i generally think tech shares / gold-silver will do well over the 1-2 years. You have indices at all-time highs, QT over, and a dovish fed.

even though unemployment is ticking up globally, loose monetary conditions mean that money will have to flow into the markets one way or another
 
It’s only fair to discuss losses too. Down on Duolingo. Not a lot (~$800) but still. I guess I’ll keep holding the bag. It’s getting lighter by the minute.
 
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