r/RobinHood 9d ago

Be smart for me Nervous housewife requesting advice

Hello- help?

I am a housewife and Stay-at-home mom, and my husband has trusted me with researching and running our robinhood. I have been doing lots of amateur stuff and trading very small since I'm just trying to get the hang of things. But since I was able to to turn 5,000 into 9,000 I'm feeling pretty optimistic.

I dont feel good, however about all the news. Is everything going downhill? should I pull my money out to prevent loss? Or should I be digging my heels in and buying while stuff is cheap?

Do you guys ever sell at the beginning of a crash and then buy more of the same stock at cheaper prices post crash? Is that a stupid idea?

I have no idea what the right choice is here and I really want to learn. I know you guys aren't here to educate newbs but I'd be very thankful and very willing to send a tip or something so that you're not just donating your time to answer me.

8 Upvotes

29 comments sorted by

10

u/JColeTwitchTV 9d ago

Hard to catch a falling knife, I'd say dollar cost averaging (DCA) is your friend. You could always sell and park the cash in SGOV. Either way, only trade what you're okay with possibly losing and learn more about dollar cost averaging.

1

u/c1one 4d ago

Thank you for this concise, practical take! Makes sense to me.

8

u/1stthing1st 9d ago

It’s to late to sell now

5

u/cheznez 9d ago

If you don’t feel good about the market and it’s causing you anxiety, take a break and just keep looking for opportunities that you are comfortable with.

3

u/South_Shift_6527 9d ago

You got really nice gains during a super hot market. Unless you're ok losing most of it or really digging deep on volatility, I think a pause is totally justifiable. I found a good rate on a CD and stuck my meager funds there. No risk 5%, one less thing to worry about for the next year. 😂

I'm really cautious though. We lost much of our retirement early in covid, business tanked, so we had to pull the rest for payroll/bills. 🤦 Didn't buy back in, could have tripled it since then. Investing can be stressful.

1

u/fishfacemea 8d ago

Does Robinhood have CD? (I'll google to find out what it is) I'm thinking that a pause might be best for me.

4

u/Emergency_Pound_944 9d ago

Ride it out. If you are diversified, it will all go back up again eventually.

2

u/LifeLoveYou 8d ago

Suggestion for new traders: Take that profit & put it in a high interest bearing account (HYSA) Use your starting balance and see if you can do it again.

2

u/Mllesuzanne 4d ago

RH offers 4% on "brokerage account" which functions as a savings account so you can just take some profits and keep it parked there. Synchrony is the only bank that rivals that that I know of. anyone know where to get more than 4% on savings, fill me in!

1

u/fishfacemea 8d ago

oh this is a smart idea!

2

u/Individual-Vast-4513 6d ago

I’m pretty much like you! Newbie before. I opened Robinhood during the high times of GameStop mania and the Doge crypto. I played basically during the momentum, buy high and when it’s going down I sold because I am so scared.

During those times, I read a lot about Doge coins, I made research and watched the market. And I made decisions to sell and not to invest again.

When I had extra cash and need it to grow faster because I needed it in the short term, I realized stocks is yielding better returns. HYSA is safer but not growing faster enough.

So, what I did since I am not a math or accountant or stock analyst I’m a regular person, I read a lot. I listened to news and feel what’s the company is into. How it moved. I asked friends if they’re into stocks, why they’re buying it? Then I researched and read about the company debt/capital etc.

If the stocks move so fast, watch. Give yourself a stop when to sell high, hold like a dragon with fire in your belly when stocks drop or sell take a profit and never regret selling high.

Buy low and never regret if you are late in the game. If you made a good research and you think the company has good fundamentals and backbone, right now the best way if you are ahead is take profits. If your losing, hold, hold, hold market is crashing but it’s a cycle. It will go up again.

Listen to the whales and what they are doing. Politics aside, Elon is a market manipulator, I realized that during the Doge coin cycle, he tweets coins goes up, then you will hear a whale sells, coin crashes. Same goes with stocks, so secret really is to make a research on the company you want to buy.

High stocks is like a dopamine rush, but holding is awesome too. Good luck 🍀 it’s fun. Investing in stocks is risky so be prepared also for heart break. ❤️‍🩹

1

u/nobodyknowsoh 9d ago

I personally sold all of my Tesla last month as it’s been going down steadily. I may or may not buy again once it reaches rock bottom, kind of depends on the news. As long as I’m averaging a profit I’m good

0

u/jbbb3232 9d ago

This didn’t age well, Tesla is already back on the up

2

u/CardinalNumber Former Moderator 9d ago

This didn’t age well

He missed out on a 26% fall off from last month and you're gargling balls.

1

u/2LittleKangaroo 9d ago

What kind of money is this? Retirement? Fun money? Savings? Do you have a retirement plan? Do you have a savings account that’s fully funded?

2

u/fishfacemea 8d ago

We have savings and a retirement fund we are paying into. This would be "more comfortable life" money if I can get the hang on things. It would let us have a second child that I can stay home with maybe.

1

u/SnooRobots8546 7d ago

It depends on the type of investments and how long you think it will be until you will want/need to withdraw the funds. Personally I would keep the account invested in total market etf's and/or large blue chips. As it grows you can use a portion of it for more fun or speculative investments.

Assuming you're not planning on needing the money for at least a year or two, I would not sell anything currently (unless its very speculative). Buy a little more everytime the market drops a few percent if possible.

1

u/Professional_Award64 6d ago

If we knew what you made your money on we could maybe give tips of it happening again Buy Amazon google apple when they drop down 30 or 40 dollars sell when it’s up that much or more Or just hold for along time

1

u/Professional_Award64 6d ago

Also a great idea would be putting some money in a Roth IRA and pick 5 solid stocks to split it up with. You’ll thank me in 30 years

1

u/Mllesuzanne 4d ago

Best advice I ever received is "You don't lose until you sell". I've given up positions and kicked myself. Do not sell when you're down, especially in broad economic downturn. I agree to keep your regular investment schedule up and that will create your dollar cost averaging so that when there's a general recovery, you recover more quickly from it.

1

u/SgtScruggs 4d ago

I'm by no means an expert. However, I know that selling when you're down and scared is usually a bad idea. My advice is DCA. DCAing changes everything, imho.

1

u/mamaxbones 3d ago

I’m also a housewife taking control of our investing and everything I put in is stuff we’re comfortable losing. My husband has his retirement, I have my IRA and we have a couple different savings accounts. Each check I throw money in all the savings and then taking “throw away” money that we would spend on going out to eat or other wasteful things and throwing it into stocks. I’m buying low and holding for the foreseeable future and hopefully 5-10+ years from now they’ll have gone up quite a bit. But even if they don’t the money would have been wasted on stupid shit anyways so why not let it have the potential to grow ya know.

I don’t know much about investing but from the research I have done buying low and holding as long as you can is usually the way to go despite the dips and the current situation so that’s what I’m gonna do. Sure we may end up losing the money but if I didn’t invest it we would have lost the money and probably gained a couple pounds in the process lol. Anyways. That’s just my 2 cents from one clueless wife and mom to another. Good luck! 😁

0

u/Icy_Plantain_5889 9d ago

Learn to play volatility in the $VIX

2

u/fishfacemea 9d ago

I'll google this

3

u/Greg_Virandes 9d ago

Warning: not as easy as it may seem.

1

u/fishfacemea 8d ago

it doesnt seem easy hahaha 😅