I have a question or maybe i want some feedback on my plan as i have invested the past 3 months, i am getting more comfortable and even made some gains with day trading but this was a small pot of 500 to 1000
I am planning to start a 10 year plan investment with 10k to lead to my retirement.
My plan has 3 steps:
5k into about 10 Shares which i would not touch, these are the apples, googles, amazon, facebook etc. Companies I love, the best in their field and will be most likely around the next 10 years and have shown consistent growth in the past. This pot will also be deposited roughly 150 a month and eventually more.
3k into corona hit stocks. Stocks that took a hit because of corona, are massively undervalued for example airlines, retail and etc and sell these off between 3 to 12 months once their stock has hit pre corona levels or close it.
Then put the money elsewhere.
3rd step which is the risk one, 2k into day trade into stocks like BYFC, UONE, CARV just as an example of stocks that jumped this week. As i said i am getting more comfortable started with paper trading and into small amounts but these would be stocks i would buy and sell within mins or days. But I wouldn’t put 2k into one stock and but rather take reasonable risks.
And the gains would go back into main pot 1 and that risk of 2k would slowly become bigger.
Now down the line let’s say 5-6 years, i would slowly move my main 10 list of companies into dividends paying company pot with hope of reaching 5% yield.
If this works I aim to earn 65k a year in 10 years time from passive income.
I just wanted to get some feedback and maybe what would you do?