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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.
 
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