I am 20 and just got promoted to my second job. My income is $53k per annum before tax. I don't pay much to live right now and i need to put my money into the shares asap so i dont waste it. i have been researching for a year and everything contradicts everything else. if i took into account everything i've read, i would never ever do anything. its pissing me off.
If I just pick random shares that are big companies like banks and hold onto them for a long time, like 5+ years, is that a sure way to have the money go up? My strategy would be to only sell if it was higher than when I bought it, even if that took a long time.
I want a strategy that doesnt involve a lot of thinking.
Sort of just buy it and forget about it
is that possible?