So, I’m a baby in the investing world. I’m 28 years old female. I don’t want to worry about not having enough for retirement so I started to research the investment community.
After some weeks of researching, I finally decided to give it a try and this is how I started and my investment plan:
I started this week with 500$ USD, on Reddit I read to start small, and not to jump with all your savings straight away, so that’s what I’m trying to do.
The only advice I decided not uto follow (for now) is to invest on ETFs. That’s because lately (or at least during the time I’ve been paying attention to them) most I’ve them have been doing quite badly these last 3 months. So I decided to wait until I see some improvement.
For now, I divided those 500$ and invested 200 of then on (NVO) Novo Nordisk. After some research I noticed that healthcare is doing extremely good recently compared with tech, (at last for these last 3 months).
So yes, 200$ went to NVO, which seems to be growing quite well.
Then, I did some research on Penny stocks, so I have other 200$ divided in between 4- 5 penny stocks companies that have been exponentially growing lately. For example, everyday I read the news about these type of companies and if one of them made some type of advance on their field, I’ll invest between 10$ to 50$ USD on it, let it grow for 3 to 5 days then sell the stocks that I gain from it.
Maybe 10$ USD investment doesn’t sound like a lot, but I feel is the safest option for a stocks baby like me. And sometimes these companies have a 1000% weekly grow in a week, so those 10 become 100 or those 50$ become 500$. Then with the extra money I made, I divided it and half of it goes to a place where I consider is safe to invest for the long run like NVO and the other half goes to penny stocks. And I small percentage stays on my account for me to have it there chilling.
Do you think my investment approach is a good one? Do you have any advices?
Thank you so much.
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