|
|
|
|
|
|
by hippofluff
1557 days ago
|
|
|
Hi! We would have so much fun having a coffee/beer together over this/I would love to learn more about your experience. To say it simply, I agree! Like completely, my own opinion here (building on yours) is that it's really unwise/not smart for anyone, whether they are an engineer or not, to day trade/trade options/trade on short timelines. Stock Unlock is built around long term investing, and being able to more quickly learn how to understand a company. We don't push/have anything that would influence someone to trade/invest, our tools are very catered to a long term investor and facilitating their investment education journey and analysis. For example, we have no options anything in our site, no day trading charts. However we do have very in depth data visualization tools around historical financials/ways to compare companies financials/and ways to dive further into a companies executive team/all the other things you'd want to look at when considering a long term hold. Shameless plug, I am very "bullish" on also teaching the investing mindset, basically platformitizing great minds like Warren Buffet and Peter Lynch so people know what to expect when buying a stock in terms of price fluctuations/unpredictability of prices short term. If you're up for it I'd love to continue this thread, thanks for the thoughts! |
|
|
That's awesome! I'll have to check out your app. I am a big advocate for a three-fund low-cost index approach(1) but I acknowledge that there can be specific circumstances per investor.
basically platformitizing great minds like Warren Buffet and Peter Lynch
May I also humbly suggest researching John Bogle, the founder of Vanguard? There is a very active investment community on https://www.bogleheads.org/forum
--
(1) Vanguard S&P 500 Index Fund, Vanguard Total International Stock Index Fund and Vanguard Total Bond Market Index Fund. Those three funds give a diversified exposure to the entire market. Using Vanguard (or Fidelity) is a great way to lower costs as is using a simple three-fund portfolio. The thing to avoid is the approach that many high-fee money managers use to put someone into 12-15 funds that have high loads and then rebalance monthly while they're marking up the buys and marking down the sells. I had a coworker one time realize that he was paying high five figures in fees per year to a certain unnamed popular money manager through their hidden fees.