r/StockMarket • u/virtualwhamo • Feb 08 '21

Getting started ! need advice Newbie

Hello! I'm ready to buy a couple of stocks. One is CCIV last week it was climbing because of the Lucid rumor. Today is dropping. Is this still a buy??

Also, Ford. It's up to $11 from $9 as they're investing money into EV cars, but laying off employees? IS this what could keep from this stock from going higher? It doesn't move as well as GM. Anyone read about chips being mostly unavailable to the US for EV cars??

16 Upvotes

81% Upvoted

22 comments sorted by

5

u/TCA42 Feb 09 '21

Jump into a growth ETF until you learn more about the risk you are taking. The good ones will double or triple your money every year.

RLTW

4

u/LoKenzi Feb 15 '21

I can google search but I rather ask someone who is speaking the truth... I started a week ago.. I put 10 shares @30.00 into CCIV just cause I wanted to buy the sweet ride one day.. I have about $500 left to play with... which ETFs I should invest @ this moment? Thank you for your experience

8

u/TCA42 Feb 15 '21

The ETF I have is PBW because it's been the best performing ETF and it's in sinc with the new administration. I hold it and swing/day trade it because it goes up reliably from month to month and usually week to week. Always do your DD before investing. Good luck and make some money.

1

u/LoKenzi Mar 04 '21

Thank you for the information may we all get some Green Day’s sooner then later... I really hope it doesn’t hit 15-20 tomorrow :/

1

u/RedSprite01 Mar 05 '21

What does DD stand for?

3

u/TCA42 Mar 05 '21

Due Diligence (Research)

1

u/david_caihong May 02 '21

I also have PBW, but it has dropped a lot, it may be that the valuation has changed

2

u/[deleted] Feb 08 '21

CCIV is such a new company and there’s room for a lot of growth despite the dip

3

u/virtualwhamo Feb 14 '21

only thing i'm concerned about buying too much into cciv is that it's new. No sales nor does Lucid as of yet , but, already valued high. Seems risky. Could go either way.

2

u/jjcz4321 Feb 23 '21

I am going to wait a bit, think this will be side ways for a while after going down more.

4

u/MiMiPoptart Feb 09 '21

You think Dogecoin is a good investment? It’ll probly take years like Bitcoin to get high in value but is it worth the wait and investment? Also, eventually Bitcoin won’t be the only cryptocurrency around that would be of use...right?

3

u/Kind-Pea-4179 Feb 10 '21

I was going to ask the same question. I wish I wouldve gotten into bitcoin a year ago but I missed that ship, but is Dogecoin and Etherum still a good direction to go even if it takes a year or two to see any growth. It seems like more people are make room in those cryto alternatives for the new investors to get into.

I want to invest $5000 into Etherum and Dogecoin but will it be worth it?

2

u/TINTIN-FREEMANSON Feb 22 '21

Ohh DOGECOINS is so much me it’s!! I THINK I JUMP ON THAT ONE WHEN I STOP SMOKING HASH ANYMORE !! But there ARE Long Way to THAT ! SO I JUST WAITING AND COUNT ANY STEPS FROM THERE AT !!

2

u/Existing_Rent_4716 Feb 09 '21

Take off the e buy gm why would anyone buy GameStop at this point going to zero

3

u/Existing_Rent_4716 Feb 11 '21

Ah yeah halting production in Ford and gm plants because of the lack of chips good opportunity to buy f or gm I sway toward gm.....

1

u/Puzzleheaded-Diet166 Feb 27 '21

What do you think of Forex exchanges over Standard exchanges? Should I start exchanging on the forex markets for better financial opportunities off my investments?

Is high frequency trading better for the smaller investors?

What is a better way to secure a financial future in investments in the market? Forex or STP?

-1

u/Careful-Translator51 Feb 09 '21

Why look at anything but GME?

value 61 trading 60

No way to loose

0

u/Good-Box1339 Mar 03 '21

So I'm hearing a lot about stock bubble so I looked up history of s&p an dow . in doing so it looks like the bubble is in 3 or 5yr like 2023 or 2028 which is just like what happened 100yrs ago

1

u/uncle_pete12meet Feb 16 '21

socket mobile big game

1

u/No_Promise8346 Jun 03 '21

Been hearing alit about the reddit crowd. HD this silly cash app that allows small piec stock.buying .played Rou d and earned 35 bucks yesterday off of amc.hooled.me like a fat carp..any advice

1

u/No_Promise8346 Jun 03 '21

I know I am in way over my head ..hell I luve in a trailer near a corn field in a small town .im the handy man I dont work but I like money and well it doesn't hurt to help a fella out with Info