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Opened a fidelity roth IRA account

For many months, once a month, it pulled out $50 from my checking out.

This accumulated to $2500, the minimum to start investing (via fidelity).

I bought into the fidelity 500 index fund.

I've made about $100 in a couple weeks doing absolutely nothing.

I'm sure the market will drop at some point. Can't be discouraged, but must invest wisely.

Would recommend.

Opened a fidelity roth IRA account For many months, once a month, it pulled out $50 from my checking out. This accumulated to $2500, the minimum to start investing (via fidelity). I bought into the fidelity 500 index fund. I've made about $100 in a couple weeks doing absolutely nothing. I'm sure the market will drop at some point. Can't be discouraged, but must invest wisely. Would recommend.

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[–] [deleted] • 1 pt

I just checked in on one of my side business partners who trades the DOW index as a day trader. Extremely volatile at the moment. Pretty much in line what I see with the ASX. ASX is a lot worse at the moment he says though (I am currently not day trading so I am not spending much time on the inter day charts).

We have had two major movements (one the correction I mentioned, then an over compensation that reapplied that same correction). My main speciality is technical analysis and historical trading. I once analysed the last 4 market crashes and each time 3-5 major movements occurred in short succession. Looks like we are about to go into the third drop. I dont know what fidelities buy and sell time line is like, but I would sell out now and buy back in again shortly. Or not at all until it all finally dies. This is general advice, the markets are always variable. I have all my money out of long term top end stocks as I don't trade on uncertainty.

Do keep in mind though, the DOW top index has 50% of its value in like, 9 stocks. A 500 index would be a lot less volatile, but still very susceptible to crashes.