Stocks and Investment thread I

[repo]

@sincity,
As long as the Republican senate and the Democrat house remain incompetent the current trend will continue. The markets love useless governments

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[Desert Flower]

Hey guys! Any tips on how to invest as a beginner? What resources are out there that are halal? I don't want to get ripped off. Jazakhallah khayr.

 

[abdullah233]

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[Ugbaad Geel]

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[repo]

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All my tech are long term. 5 years plus. Follow this guy, you can’t go wrong.

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[Ugbaad Geel]

 

[AliUK]

@sincity,
As long as the Republican senate and the Democrat house remain incompetent the current trend will continue. The markets love useless governments

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Is this in the states?

Many houses in the UK have gone up in value this year.

 

[abdullah233]

Is this in the states?

Many houses in the UK have gone up in value this year.

States bro

 

[Yoobudy]

Hey guys! Any tips on how to invest as a beginner? What resources are out there that are halal? I don't want to get ripped off. Jazakhallah khayr.

Open a TFSA(tax free savings account) if you already havent. You can invest in anything and all the profits you make are tax free. Canada allows you to deposit up to a certain amount each year but it accumulates every year if you don't use it starting from age 18. There are a few Islamic funds you can look into with decent returns.

 

[Yoobudy]

Thanks. But when you say it accumulates every year, are you talking about interest? Because I am trying to avoid that as much as possible.

No I don't mean interest. You're allowed to deposit a certain amount into your TFSA account each year. If you don't then it just carries over to the next year. You can check your total if you have a cra online account.

 

[Desert Flower]

No I don't mean interest. Your allowed to deposit a certain amount into your TFSA account each year. If you don't then it just carries over to the next year. You can check your total if you have a cra online account.

Makes sense, I'll def look into that iA.

 

[Ugbaad Geel]

Crypto surging.... Meanwhile in the stock market.

 

[Ugbaad Geel]

I wonder if were going to see a market correction from the 2020 euphoria.

Its a good time to keep an eye out for low entries.

 

[repo]

Crypto surging.... Meanwhile in the stock market.

View attachment 163466

Everyone and their mom are investing in crypto. I'm seeing cryptos that haven't been developed in at least a year resurfacing with new projects. It's best to stick to the market.

 

[Apollo]

Everyone and their mom are investing in crypto. I'm seeing cryptos that haven't been developed in at least a year resurfacing with new projects. It's best to stick to the market.

I think bitcoin will go down as the biggest bubble in human history, eventually it will go to zero. Ride the waves, but don't trust this long-term.

 

[Leeban]

You guys are really taking the crypto meme seriously

No wonder you're all broke

You took a major L here lol

 

[Singularity]

I do a bit of day trading and short term trading, laakin with only about 2k. That's the amount I'm comfortable losing if everything goes wrong. I'm currently liquidated, but I'm waiting for a good entry point in $SLGG. It's an e-sports pennystock and has a history of bull runs preceding earnings. I'm looking at entering @ 1.73 a piece for about 1000 shares. I think it will get to 3.50. In the time I've spent trading equities, I've learned that it's most profitable to be a contrarian. When everyone's selling, buy and vice versa.

Wow, you were spot on with this stock. If you held until the 3.50 you predicted, you would've doubled your investment. This brother knows what he's talking about.

 

[Singularity]

Teach me your ways sxb. @SomaliStone

 

[repo]

Investors Want A Chamath Palihapitiya ETF And They Might Get It Soon

Thanks to the surge in the number of SPACs and the media coverage of them, Chamath Palihapitiya has become a familiar name among traders. Now, he's asking people what more he can offer them for investment choices.What Happened: Palihapitiya took to Twitter to ask his 730,000 followers if they...

finance.yahoo.com

 

[GemState]

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