I just put everything I have into the dow. Did I fuck up?

If you have no need for the money in the forseeable future, then no, you didn't fuck up. I would have done this at the beginning of 2016 when we had a big dip. In the last two years we've had a gigantic run up, much of it predicated on Tax cuts. If that doesn't happen, the market may still crash. A lot of analysts are predicting the first half of 2018 will still be good and we'll still go up another 25% by the end of the year, so you'll probably be good.

If you want more diversification, though, maybe you should put half of that in an EAFE ETF.

Sell soon

I should add, if that's all the money your current income is only a fraction of that, then maybe you should consider putting in 33% per year for the next few years. You'll greatly reduce timing risk. Also, if you're investing less than $100k then you're wasting your time; invest in yourself and get a better job.

If you have the time for it, you can also sign up for a swing trading service (e.g., SwingAlpha, TipRanks, or something similar) and just follow their trading advice. These things are like $60 a month, but if you have a real job that pays well and you can invest hundreds of thousands, then it might be worth your while. The advantage is that these services tell you where to set a stop loss so that if the market suddenly tanks, you'll be more protected than if you just bought and forgot about it for the next 10 years.

I'm 19 and earning around 60k right now and that's set to go up to 80 soon. My goal is to put 10 away a year for the next few years and then have a respectable amount of capital.

stocks are a ponzi

can I interest you in some chainlink?

I kek'd

It's too high, get out and buy when it drops to support at that 30 degree trendline

> I'm 19 and earning around 60k right now and that's set to go up to 80 soon.
Wow, that's excellent.

Do you own a house yet? Because if you're renting, it makes zero sense to be in the stock market. If you have a shitty house or an apartment, then look to save up and buy a better one. If you're a young adult making 80k, then I would be rushing towards owning property in a good neighbourhood. I don't know where you live, but there are a lot of "good" neighbourhoods across the country where housing prices are going up by 10% per year or more. This is a FAR safer investment than stocks (especially now at all time highs), plus you get to USE it while you accumulate wealth.

Luckily for you, mortgage rates are the lowest they've been in decades. The FED is looking to raise rates this year, too.

fred.stlouisfed.org/graph/?g=NUh

So yeah, personally, I would save up for a sizeable down payment on a house whose value you think will appreciate based on historical data, lock in a good mortgage rate, and then pay it off ASAP.

In the meantime, maybe check out Swingfish. swingfish.trade/

I want to buy a home but I have to move around reasonably frequently for work so I'd either end up paying rent and mortgage payments or having to sell it in a buyers market. It won't be feasible until I settle down.

Okay.

Well, Swingfish could be for you then. It's run by a German guy in Thailand who trades Forex all day, but who accepts loans at 0.17-0.35% per week (depends on performance), which is 10-20% APR.

The nice thing is that your capital is guaranteed and you can withdraw it anytime you want. The bad news is that you have to trust some guy in Thailand. But he seems pretty well documented (guy livestreams his trades everyday, which he's done for the last 2 years) and he has a linked in profile (Mario Hennenberger) and internet profile (nullx8).

0x8.in.th/cv/
th.linkedin.com/in/mariohennenberger
ca.linkedin.com/company/ccm-systems-co-ltd-

Google nullx8 for more.

Not trying to shill for the guy but just trying to help you out. I just found about this last week.

Literally the most retarded index that only still exists because of historical accident