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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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[–] • 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.