Home
Log in / Sign Up
    Private Messages   Rules   New User Guide   FAQ   Advertise   Contact Us  
Forum -> Household Management -> Finances
Learning about Investing in Stocks.



Post new topic   Reply to topic View latest: 24h 48h 72h

amother
OP


 

Post Tue, Jul 09 2024, 11:06 am
Where can I learn more about investing in stocks? I want to try to set aside small amounts every week/month for long term.

Also open to hearing more ways of investing smartly other than stocks.

If anyone can direct me to any podcasts/forums/channels etc.
Back to top

amother
Lavender  


 

Post Tue, Jul 09 2024, 11:35 am
Open a brokerage account (Vanguard, Fidelity, Robinhood, etc.) and easiest is to invest in an index fund which mirrors the S&P 500. So, you’re investing in the whole stock market instead of individual stocks.
Back to top

amother
Coral


 

Post Tue, Jul 09 2024, 11:42 am
amother Lavender wrote:
Open a brokerage account (Vanguard, Fidelity, Robinhood, etc.) and easiest is to invest in an index fund which mirrors the S&P 500. So, you’re investing in the whole stock market instead of individual stocks.


Chiming in. Is there a minimum that you need to put in a month? And can you take the money out whenever you need it?
Back to top

amother
  Lavender


 

Post Tue, Jul 09 2024, 11:56 am
There is no minimum. Assuming you are investing in a regular brokerage investment account (and not a retirement account such as an IRA), you can take out the money at any time. If the investment grew, you would pay taxes on the gain. So, for example you put in $100, and after 2 years it’s up to $115, if you take out the $115, you pay taxes on the $15. The tax rate is dependent on how long you had the investment. Anything less than 1 year is considered short-term, which is typically taxes at the same rate as your regular income. Long term gains (more than 1 year) have different rates which can be found online. Keep in mind that this is the stock market, so you could also potentially lose money if the stock market goes down. For this reason, some choose only to invest in the stock market for longer term savings goals.
Back to top
Page 1 of 1 Recent Topics




Post new topic   Reply to topic    Forum -> Household Management -> Finances

Related Topics Replies Last Post
Tests for learning the Parsha and Rashi
by amother
3 Tue, Oct 22 2024, 9:48 am View last post
Investing for Dummies
by amother
4 Sun, Oct 13 2024, 7:01 pm View last post
Allow 11 year old to invest in stocks?
by amother
18 Wed, Sep 25 2024, 7:52 pm View last post
ADHD meds for yeshiva bochur learning in Israel
by amother
7 Sun, Sep 15 2024, 4:18 pm View last post
ISO Learning App for kid who needs help
by amother
3 Thu, Aug 22 2024, 10:07 pm View last post