What do you guys recommend I put $600 into for short term investment?
Anyone have any input, I have $600, looking for short-term gains. I'm trying to increase my portfolio size rapidly, but I have no clue what to put it in?
Anyone have any input, I have $600, looking for short-term gains. I'm trying to increase my portfolio size rapidly, but I have no clue what to put it in?
Career Resources
Books.
If we knew of investments that were guaranteed to generate strong returns in a short time-period we all wouldn't be working 60-100 hours a week for our paychecks.
Best bet is to continuously invest however much you can save from each paycheck into SPY. If you want to go higher on the risk / reward spectrum put it into SPYG, if you want to go lower on the risk / reward spectrum try DVY. If you want to go nuts on the risk reward spectrum go for UPRO. All of these ETFs are down YTD due to the market correction that has hit growth stocks the hardest, but it does present a solid buying opportunity now that stocks are at a discount to the all-time highs they were trading at in 2021.
YTD Performance:
DVY: -4.64%
SPY: -19.44%
SPYG: -25.96%
UPRO: -52.51%
Risk preferring = short 3x levered NASDAQ
If you're smart = long cash. we're in for shits. everyone's de-risking and not touching equities.
Shit is not at a discount (maybe some, but hard to pinpoint the value with recession fears) - there's still room to bottom out before EOY.
Stay put with your cash and outperform s&p (ytd cash outperformed SPY by >20%) or you can buy the shorter end of the curve and bank some 2yr USTs. Better to grab some risk free treasury yield at ~300bps than lose purchasing power with cash just sitting in the bank, albeit you’ll outperform the market even with cash.
HYG and LQD (high yield and investment grade credit indices) might be a nice place to consider throwing your cash too. Around 500bps and 90bps on govies right now - you’ll probably lose some mark to market from spreads widening with recession, but we haven’t seen as attractive spreads since 2020.
Long Rubble, Short USD. USD keeps going up makes no sense.
!remindme 1 year
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