Quote:
Originally Posted by Bill Bumface
I really see zero reason why a person in that situation wouldn't be investing in ETFs only.
You need a pretty sizeable portfolio before individual stocks starts to make sense.
Sure they are fun, and lots of us do it, but the stats on how many people can consistently beat whole market returns for more than ~10 years say none of us should be investing in individual stocks.
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Well, that's essentially what I was saying. But somehow there was a misunderstanding and a few posters were thinking I was trying to say that everyone should consider pouring all their investments into bank stocks rather than hold mutual funds and ETFs, which isn't what I meant. Going all in on a single stock and not diversifying isn't the smartest of moves.
I was saying to take a small position in a bank stock alongside the mutual funds and ETFs to learn about stocks.After learning on a bank stock whether you want to acquire more stocks or if the mutual fund/ETF route is the most effective route for your situation and comfort.