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23-10-2017, 10:04 PM
When I was an NSF, I was dreaming about cool motorcycles and chasing skirts. Even if I were to go back in time and speak to my past self, I don't think I'll be able to convince myself to read and practice all the tedious stuff that serious investors undertake. It must be the hormones, right? Just kidding, everyone is different. If you really put in the hard work from here on, I salute you.
There are brokerages that charge lower commissions, use those. You can divide your $2K into four parts; $500 for an etf of your choosing, $500 for a reit of your choosing, $500 for a stock of your choosing, and the remaining $500 for your own social life. How to choose? Read the literature as recommended in this thread.
Don't worry about paying too much for commissions due to your small investment amount; 1-2% is ok if your bet turns out to be good. I don't believe in 'paper trading;' we learn best when something of value is at stake. If you have been diligent in your learning (i.e. reading the right materials) and trying your best to apply what was taught, you will have learned much, even if you happen to lose 30% or more of your $2k. After 5-6 years of consistent hard work, you will realise the money you lost was nothing compared to the lesson you have learned; of course, assuming you will then be earning more money.
There are brokerages that charge lower commissions, use those. You can divide your $2K into four parts; $500 for an etf of your choosing, $500 for a reit of your choosing, $500 for a stock of your choosing, and the remaining $500 for your own social life. How to choose? Read the literature as recommended in this thread.
Don't worry about paying too much for commissions due to your small investment amount; 1-2% is ok if your bet turns out to be good. I don't believe in 'paper trading;' we learn best when something of value is at stake. If you have been diligent in your learning (i.e. reading the right materials) and trying your best to apply what was taught, you will have learned much, even if you happen to lose 30% or more of your $2k. After 5-6 years of consistent hard work, you will realise the money you lost was nothing compared to the lesson you have learned; of course, assuming you will then be earning more money.