Buddy I beg you to have a real, honest conversation with just one childless person who feels safe enough to tell you the real reason they don't want or have kids. Brace yourself though because it will be, as they say, a doozy.
A few tips for new investors:
1) Never buy Airline stocks
2) Never buy IPOs
3) Never buy Weed stocks
4) Never buy NFTs
5) Never buy "crypto" coins, 99% of them are scam
6) Never waste your time reading the news. Hedge funds own the news; they'll tell you to sell your stocks when they're shorting them.
7) Free bank information is always wrong. They always say the market is going to crash every single year.
8) Don't go crazy buying dips, preserve your capital
9) Never buy before earnings
11) If the stock crashes, it can take months or years to recover. No need to rush to buy dips.
10) The market always crashes between September and October, usually a small correction between 5% to 10%. Most companies go to 52-week lows this time. You have all year to find the best company to buy.
12) Make sure leverage is less than 2% of your portfolio
13) Buy stocks with a lot of investors and hedge funds involved. A stock with no investors may take up to 10 years to recover or never
I hope this works for you.
Next week is a big week in the market with many important earnings! With all these different catalysts is there anything you are looking at?
Wednesday 7/31 - FOMC meeting
Friday 8/2 - Jobs Report