Quote:
Originally Posted by DoubleF
That's why I said it's one of many right or wrong options. I also said later in the post that he could consider some or all of the 20K. It doesn't have to be all in right away and not all in the same stock.
IMO tracking a bank stock is more effective to learn how investments work than a blended ETF. A blended ETF is more effective at investment diversification. its two slightly different things.
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I think recommending anyone pick their own stocks is dangerous. Just head over to reddit/wallstreetbets. Trading hits the same parts of our brains as gambling, and it's very challenging to manage the emotional parts of trading to save yourself from yourself.
I would actually recommend that no one get a trading account at all until they are sure they are ready for it. The best part of a managed account (robo or human) is it keeps your fingers out of the pie.
Not to say that no one should pick their own investments, I just wouldn't send someone down that path, especially someone without the time to make up for the mistakes that often come with that learning curve.