Investing 102

[sokoloka]

Thank you for all the positive replies! Nice to have a feel good every once in awhile.

Originally Posted by GregWeld

Sokoloka --

Number one -- KUDOS TO YOU MY FRIEND! You're way ahead of the pack!


Just so you know - there is no "right or wrong" guide to investing or how much cash to have on hand etc. It's more your personal comfort level. However.... having said that.... you have WAY too much dead money (savings).

At your age -- you should have maybe 10K in savings for peace of mind - and the rest should be in best of breed high quality stocks. The 80 + 55 - 10 is a nice 125K to invest which should MAKE YOU 6K a year in dividend income.... reinvested - you're going to be very very comfortable in retirement!

It seems like I inherited a little of the immigrant mentality from my parents and have this innate desire to own my own home outright as soon as possible. I agree that I have too much dead money sitting around currently, and realistically I'm at least 9 months out from purchasing anything.

I adjusted my position in Citi two days ago, and low and behold the little man in the market got me AGAIN. Seems like the dump JP Morgan just took for $2B smashed all the banks down too. Should have waited one more day to adjust!! Interestingly enough, the girl who I'm seeing over here in London is a risk analyst for their hedge arm. Apparently the investment arm in question has no risk division themselves haha. Surprise!

When it comes to dividend investing, is there a "historically" BETTER time to get in? I.e. a month prior to the anticipated dividend date, after earnings, after the most recent dividend etc? Or just jump in, ride the wave and hope that the market appreciates the base stock while pumping out dividends on a quarterly basis?

I have a few more money moves to make but my goal is to diversify into the GW school of investing by mid-June and see where it takes me from there. Took two sizable (for me) gambles on open market shares yesterday both in my own company and my parent's company. Both are clost to 52 week lows - hope there's some appreciable correction in the near future.

I've always been a pretty good saver while never really denying myself anything that I REALLY want. Sometimes I chuckle to think how much more investment "capital" I'd have if I didn't start this damn corvette! But where would the fun in that be?


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