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Refugee from across the street, first post here...............

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JDS

JDS

Joined
Dec 11, 2021
Messages
48,929
QQQ
dollar cost average.
set aside money you do not need and will not need.
put 35% of that money into QQQ today.

example: $10,000
put $3500 in right now so 12 shares at $290 each.
if the share price drops at least 30% from here buy another 12 shares at $203.
if it drops another 30% down to $142 or so, buy another 12 shares.

just the general idea. you can obviously buy at 25% drops or 35% drops or whatever you fancy depending on market conditions etc.

if the $290 you buy at dips a bit and then runs away from you, do not chase.

let it run.

when it is significantly up and you have replenished your initial $10,000 with more cash you have saved up, go and buy SPY and do the same thing.

i believe in long term investing with money you do not need for at least 7 to 10 years, and Dollar Cost Averaging.

Good Health Mate!
Nice write up, you do that with your game selections too ?
 

BMR Genie

BMR Genie

Joined
Jun 16, 2016
Messages
34,021
Maybe this becomes my new home?

Whoever came over from the across the street, I got along with most of you and the ones I did not, I bring over Zero grievances.

fresh start with everyone, new or old or anywhere in between.

love CFB, CBB, NBA playoffs, Boxing Tennis, NFL, and most especially STOCKS and BITCOIN

Cheers to All

GL and Good Heath !!
Welcome aboard, Homie! It's always good to see a familiar username. :cheers:
 
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