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I was looking like a genius earlier this week. Now, I'm wondering if this is the start of another dip. I wasn't expecting another until 2nd quarter numbers rolled in.
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Too look "like a genius," you needed to go to a bar or a really crowded beach party in the last two or three weeks. Then, you would have been able to be super-current with coronavirus.
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back on LG to check up this thread. so back in 2008 I procrastinated and bought nothing on stock even though I wanted too. so any how this time around I bought a few just to get my foot in the door. CVX , UAl , BA ..... again waited a bit more than I should have to buy but at least finally did.
question to the stock gurus here , what stocks to buy or look into in tech / 5g and not talking the Microsofts of the world . more like new young companies with fresh ideas. |
Would love this discussion to incorporate the sharing of different prospects/ideas. This pandemic has fast forwarded how we do things by maybe 5 years. I'm no expert but I've been easing into these since March as I see them as having long term business footholds, most have done incredibly well.
WORK TTD ZM TDOC QQQ (bulk of my bet) Some older purchases TWLO (+600%, I was soo smart, haha! :trophy-1302:) OKTA PYPL COST FB APPL GOOGL Some losers GM LUV WFC |
Doing a little offset selling right now.. trading long term losses in and taking the equivalent in gains form long term winners to mitigate tax burdens.
I am curious if people have an opinion on the election and impact on the market. My prediction is Trump wins market will see big gains then level out.. Biden wins and market with spiral and take a few years to recover. thoughts appreciated.. |
MRVL is my 5G bet.
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MRVL is one of the best 5G bets.
I think if Biden wins it'll negatively impact the market, but probably not in a huge way. |
So, the last couple of days watching what is going on with WallStreetBets and Gamestop has been entertaining AND made me even more thankful that Greg talked me into Growth Dividend Investing vs trying to gamble on the market.
Hope you all are well. Should be another interesting year right? |
I was considering bringing this up. Its silliness. Fun to watch. I suspect there are a lot of shenanigans going on behinds the wall to thwart the little guys.
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No doubt, Scott. I'm a little concerned about the long term ramifications of what WSB is doing. I'm afraid the SEC etc won't respond correctly. Otherwise, I'm sitting here watching the drama unfold, loving the silliness of the replies on that subreddit, and hoping some people really stick it to the hedge funds. They are definitely well beyond investing 102, lol.
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reading the reddit stuff has entertained me for a few days.
"This is like fight club, but with stonks" - reddit user. an interesting take. https://www.youtube.com/watch?v=enLi...DD4QX6TcAhj1cE |
All week I’ve been thinking, “I wonder what GW would have to say about all this?”. In all reality, I have an idea what he’d say, but I know he’d say it more succinctly than I could. Stay the course, invest in companies you understand and leave the gambling to the Vegas blackjack table. It’s been super interesting to watch, but it’s not the “investing” he so eloquently detailed in this thread.
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My wife picked out and bought some STX which gas done fantastic for her. The sin stocks have been a great segment to be in last 12 months... |
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The volatility has caused my other stocks to drop a little bit which is a buying opportunity for me. Not as great as last spring with the COVID drop, but a buying opportunity all the same. |
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Was able to pick up a few things on sale, and get my parents on board with Div investing too. Happened to be at just the right time for them. |
This thread has lost a lot of traction as of late, which is surprising considering the opportunities that have arisen this year.
The hunt for COVID-stricken stocks yet to bounce back has been a good one for me. And on more of a controversial note, I started researching crypto-currencies somewhere in the earlier stages of the last bull-run. They're a roller coaster I don't hear much about here, which is odd considering the amount of crypto wealth I see poured into the car-scene. |
It's lost traction because it's basically covered everything it needed to. Remember, I started this simply looking for investment knowledge. This was never about picking stocks as much as it was about learning what to do with money that's available for investing. That knowledge is still applicable today through all of these turbulent times.
I'm glad people are still checking in. Thank you. I hope this thread continues to help people the way it helped me. |
I have no clue what i'm doing but on the prodding of friends. I opened a TD Ameritrade account and bought some GMGI stocks. Anyone else own any?
Anyone want to recommend some low buck "starter" stocks to play with? |
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I just dabbled a little and bought $500 worth of Kinder Morgan and $500 worth of AT&T. already had $1000 worth of the GMGI. I know this is pretty much nothing in the real world but, I'll play more every week as I feel more comfortable. If nothing else, my daughter might see some returns when she inherits my accounts. |
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This thread and Greg's wealth of knowledge and him taking the time to contribute to this thread for newbies like myself is what go me started in stock investing. That was 10 years ago now and I still employ his ideas every time I make an investment.
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The FANG stocks over the last few years have been a great opportunity as an example and none of them pay much of a dividend. I'm retired and I own some of those as individual stocks and inside funds. I've rebalanced a couple times in the last 2 years because they became too large a portion of my investments and I think their growth will slow. Tesla is an interesting stock that I haven't invested in unfortunately, I still think it's overvalued though and won't go after it especially with the rising competition. While I could be making a mistake on that one, I'm sticking to my guns on that choice. |
I also have this thread and GW to thank tremendously for our portfolio's growth over the past 7 years or so.
I had dabbled in the market quite a bit before and had my arse handed to me several times as well as made a bunch of money and was fed up with the market and sitting 100% in cash when I stumbled upon this thread. Here I learned how to do Dividend Growth investing the proper way and have been making that happen ever since. The past few years have been outstanding for us and I don't see it stopping any time soon. I still sleep soundly every night and even Covid didn't sway me from our strategy...it's that sound. I will say that I've ventured out and invested some of the other cash we had laying around in different investment avenues recently, but this was purely a way to diversify a bit more and I didn't take any Dividend Growth money out to play these other fields. |
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Maybe you guys who want to go more advanced should start your own Investing 103 thread…. :) Don |
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I have a slightly different question. My in-laws sold a rental property they had for a long time and decided to give the money to our two kids. They are only 13/11 yrs old and already have a college savings account for them. My wife and I were thinking of putting into a trust account with all the typical stipulations about using it for additional schooling if needed, house purchase, etc before 25yrs old and can do whatever after that. Ideally it would be nice to have the account grow even larger for them but don’t want to risk the money since it’s a substantial amount and it gives them a huge head start in life.
Does anyone have any other options that may be more beneficial on the growth side with low risk? |
If it was me, I'd probably dollar average into a good index fund and let it ride for 12-15 years. I'd also consider having a chunk of the money unavailable until the kids are 30+. It could really set them up.
Perhaps you split the money up. A conservative account for college and an index fund for the rest. The older I get, the more I realize its a simple game of time in the market and inflation in regards to stocks and real estate. |
I may be crazy but it sounds like they already have a great head start. They can afford to take risk. I would shoot for the moon with a custodial brokerage account.
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Yeah they are extremely fortunate, and I don’t think they will ever realize just how much of a boost this will be to their lives when they are older and know about the accounts. I get the whole can afford to take the risk but our reservations over all of it is we don’t want to be greedy yet at the same time would like it to grow more than a “savings” account could offer. I feel like the market is due for a correction so that’s why I was steering away from market based options.
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x2 pull of a simple Index fund that tracks the S&P500. Start at 2006 and look at today. If another 2007-10 starts tomorrow, they'll be more than fine by the time they hit 25. Diversify and get in already. There's no reason to be scared when you have time on your side and don't need the money. Good luck to you and the family.
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Can we talk about tax Strategies . If new thread required LMK
Let's say you have followed all the things defined in this thread and you are sitting on a 7 or 8 figure nest egg. Some in retirement accounts like 401k Roth ect some not, some in long term cap gains some in short term.
Can we talk about Tax strategies ? How do they differ when you're still making a good employment income? How do they change when you have no employment income? Pros and Cons of IRA to Roth conversion ladder..? |
Are you boys heaping in or waiting on the sidelines to invest any real coin?
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Sitting and waiting for some floor to be established...will likely start nibbling back slowly.
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Got my SS handed to me . Lost the battle not war , so I’m sitting and gathering ammo ready to deploy.
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I think the bottom is a ways off yet, probably the 3rd quarter 2022. Not trying to catch this falling knife but I am starting to think about choices when the bottom becomes more apparent. Timing the market is a fools game but in this case I'm going to play the fool with my play money and hold off for a while.
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