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My friend group is extremely disinterested in the upcoming depression, and I could use some outside thoughts on things to invest in.

My Roth IRA was setup as a gift from my aunt, and I can't withdraw from it to invest in physical assets without massive penalties. I've already stocked up on guns & ammo, food and water purification, so I'm willing to take a gamble with my IRA.

I'm watching the following stocks, and planning to buy in at the following thresholds. Thoughts or suggestions?

DVN: $15/share OLN: $18/share X: $18/share VALE: $8/share AGRO: $5/share

They're all Dividend stocks, and as far as I can tell solid companies, with significant potential to grow after the bottom.

UWM was on my list, but the lack of actual profit, and dependency on interest rate is a deterrent. Any better ideas?

My friend group is extremely disinterested in the upcoming depression, and I could use some outside thoughts on things to invest in. My Roth IRA was setup as a gift from my aunt, and I can't withdraw from it to invest in physical assets without massive penalties. I've already stocked up on guns & ammo, food and water purification, so I'm willing to take a gamble with my IRA. I'm watching the following stocks, and planning to buy in at the following thresholds. Thoughts or suggestions? DVN: $15/share OLN: $18/share X: $18/share VALE: $8/share AGRO: $5/share They're all Dividend stocks, and as far as I can tell solid companies, with significant potential to grow after the bottom. UWM was on my list, but the lack of actual profit, and dependency on interest rate is a deterrent. Any better ideas?

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[–] • 1 pt

first time investor. Were would be a good and easy place to invest? people ask me why? I was told when the streets run with blood (of those who are selling) this is the time to invest.

[–] • 0 pt

You should set up a Roth IRA if you don't have one and meet the income requirements. Also set up a regular taxable stock trading account. Then start by buying broad index ETFs such as IVV, SPY, DIA, QQQ, VTI.

Fidelity, Ameritrade, or Schwab. Go to his website, choose a place on the floor of his throne room, and prostrate yourself before him. When you feel the scepter on your shoulder you may rise and state your request to trade. If he is displeased with your presence then his axe will remove your head in the place you have chosen.

[–] • 0 pt

I'd wait until after the summer. I am out of stocks right now and waiting to get back in. In bonds in the meantime. Summer has traditionally been a slow time. All the New York City assholes fuck off on vacation for 3 months. It's hard, obviously to pick a bottom, but IMO there's a way to fall yet, and I don't think you have many gains to miss out on over the summer.

As for how, the simplest thing to do, and some say the smartest, is just to pick a broker with low fees and buy an index fund, such as one that tracks the S&P 500. Over the long term, those funds beat most people who actually know what they're doing. If you're looking to invest mostly for retirement, you can look into a tax-sheltered account like an IRA. Otherwise, a regular account will do.