I'm in my early 40's, married (wife is preggo), rent (for now) and with a baby due in March, I gotta start making moves...
I have a learning dis/ability (depends how you look at it) that makes it tough for me to comprehend numbers and math, but I retain other things really well (conversations, experiences, etc). I am horrible at math.... like really bad. I have a small business that does pretty well and I make a decent income.
Currently, I have around 300K in the market - 80K in a roth I contribute to annually, 80k in a Rollover IRA (don't contribute to, not sure if I can) and 145K in my brokerage account. I started trading actively last year and am up $78K.
I trade mostly through what I hear about through finance radio (bloomberg), what I can read and retain online, and what I hear about through discussions and word of mouth. This AI dip and bounce got me a little worried, especially because I had maxed out my margin loan for a few days. With yeserday's rally, I recouped everything (thankfully) and escaped the margin loan, but now I'm a bit concerned that I'm out of my element.
I don't do futures/options, and just buy as low as I can and sell as high as I can. I'm slightly worried about taxes, but I'll worry about that a few months from now (unless I should start bugging out now)...
I feel like I'm doing OK, but am a bit worried that my portfolio is AI heavy. I have positions in some "safer" stocks and some shitty performing Schwab themes in my retirement accounts (kind of like a mutual fund, I think). In my brokerage account, I have positions in the following:
In order of market val (brokerage):
MU, ASML, NVDA, GOOG, AAPL, AMZN, NBIS, CEG, PLD, AMD, HOVR, SKHY, VRT, RDW, SPCX, MX, CMPS, HMR
Is it OK to actively trade without knowing much about the market? I see a lot of numbers in posts talking about things I can't grasp onto and I'm worried that my lack of discipline and strategy I see from other reddit posts is gonna crush me.
Can someone let me know if they have had concerns like mine and how they approach trading? Or, should I look into more diversification? Any resources that I should look into? I'm just worried that I had a bit of luck with the AI boom and it could crush me later.
TL;DR Guy with learning disability looking for resources and help/advice on portfolio performance.