Hey,
I have approximately $15k I'd like to start investing with. I'm only 19 so I have a lot of options. I'm currently going to college and have all my life needs taken care of, and have just been saving $1-2k in a bank account every month for the past year or two.
What would you guys recommend? I went ahead and opened a trading account and have been dabbling in the market, with moderate success, netting a few hundred over the past 4 months, but I'd like something more structured that would generate ~5% a month or so in returns, I've only been able to sustain around .5% with trading thus far.
My trading strategy so far has been to invest in tech companies, due to my deep familiarity with them. I follow the news regularly and play strategies based on where I feel the industry is moving, investing in companies I believe will have sustained growth, and investing with intervals of a few weeks/months at a time.
I don't purchase without doing the research, I write a statement describing exactly why I'm purchasing a certain company's shares, and am generally disciplined about it, but I feel like there must be more I can do.
I've explored some quant techniques, and built a few computational models using markov chains, genetic algorithms, and freely available end of day data, but doing appropriate hypothesis testing on the models didn't yield statistically significant correlations, and I need more computational space to really run appropriate experiments (thinking about using Amazon EC2 for fast-but-furious experiments) with reasonable time intervals.
So, what do you guys recommend? My current strategy 'works' but it's not precisely defined, it's based on intuition and while it's worked I need to create something more sustainable.
I have approximately $15k I'd like to start investing with. I'm only 19 so I have a lot of options. I'm currently going to college and have all my life needs taken care of, and have just been saving $1-2k in a bank account every month for the past year or two.
What would you guys recommend? I went ahead and opened a trading account and have been dabbling in the market, with moderate success, netting a few hundred over the past 4 months, but I'd like something more structured that would generate ~5% a month or so in returns, I've only been able to sustain around .5% with trading thus far.
My trading strategy so far has been to invest in tech companies, due to my deep familiarity with them. I follow the news regularly and play strategies based on where I feel the industry is moving, investing in companies I believe will have sustained growth, and investing with intervals of a few weeks/months at a time.
I don't purchase without doing the research, I write a statement describing exactly why I'm purchasing a certain company's shares, and am generally disciplined about it, but I feel like there must be more I can do.
I've explored some quant techniques, and built a few computational models using markov chains, genetic algorithms, and freely available end of day data, but doing appropriate hypothesis testing on the models didn't yield statistically significant correlations, and I need more computational space to really run appropriate experiments (thinking about using Amazon EC2 for fast-but-furious experiments) with reasonable time intervals.
So, what do you guys recommend? My current strategy 'works' but it's not precisely defined, it's based on intuition and while it's worked I need to create something more sustainable.