The Investment Thread (5 Viewers)

[SaintsBrazil]

Well, I started a ROTH IRA this year. I invested in FNILX which if fidelity’s s&p 500 type mutual fund. I also scoured the OTC to see about any penny stocks that might be worth investing in. I found one that I have been putting some money into, and thought I would share. It’s DUTV. It’s a penny a share and I think will go far. If you’re looking for a high potential penny stock, I think this is the one. https://www.duventures.com/

 

[dbridge]

So I really know nothing about the market but I have a few positions that I have been told I need to diversify. You all seem to know at least as much as the fin consultants that I have spoken to; without the feeling you are trying to sell me something.

Anyway, I am 45 have about $500k in a standard 401(k) and 45 pre split shares (so 900 now) of AMZN. All the rest of my money is in two properties (one is my house and one is a investment property that draws income).

I have been told everything from you’re perfect don’t change a thing, to completely diversify that AMZN.

I am not sure I will do anything at least not right now with Amazon down but I was interested in the opinions of those that know more

Everything seems fine. If you want to diversify, the easiest way is just buy a S&P 500 or total stock market fund. Infact, depending on what investments you have in your 401k, you may already be well diversified.

 

[Saint_Ward]

So I really know nothing about the market but I have a few positions that I have been told I need to diversify. You all seem to know at least as much as the fin consultants that I have spoken to; without the feeling you are trying to sell me something.

Anyway, I am 45 have about $500k in a standard 401(k) and 45 pre split shares (so 900 now) of AMZN. All the rest of my money is in two properties (one is my house and one is a investment property that draws income).

I have been told everything from you’re perfect don’t change a thing, to completely diversify that AMZN.

I am not sure I will do anything at least not right now with Amazon down but I was interested in the opinions of those that know more

Odds are, your 401K is pretty well diversified.

Is your AMZN shares in an IRA or something?

Honestly, I wouldn't divest from AMZN, unless you decided to take some profits and apply them elsewhere.

Overall, I'd expect AMZN to do better than the S&P 500 in the long term.

Good companies / businesses will out perform the markets. This is why APPL, GOOG, etc tend to beat the overall market.

 

[Saint_Ward]

So, since I just changed companies, I've decided to roll over my previous company 401(k) into my IRA, so I have more control over it, vs rolling it over into my new company 401(k).

The cool thing, since it's all Fidelity, I can actually keep my exact previous elections. The shares just transfer over, so I don't have to sweat "timing" the market to sell and roll over.

The 'bad' thing is that I better behave with my IRA, since I have so many more options to not blow my nest egg. My 401(k) wasn't small potatoes.

 

[Tapxe]

 

[Saint_Ward]

Yeah, today is not a good day to look at your accounts if you're a long hauler.

 

[Turfie]

I’m not making any moves at all. Just sitting out for the time being. I have a few swing plays that I’m trying to time when they drop to a certain level.

They are ROOT at $7.50 and XELA at $0.60. They are garbage companies. But I’m trying to time the algorithms.

 

[Mr. Blue Sky]

Yeah, today is not a good day to look at your accounts if you're a long hauler.

No big deal, i wanted to keep working til i was 85 yrs old anyway.. after today, it looks like ill have to .

 

[Saint_Ward]

No big deal, i wanted to keep working til i was 85 yrs old anyway.. after today, it looks like ill have to .

I was split between laughing and crying.

Lost about $16,000 today...

 

[Mr. Blue Sky]

Surprisingly , my TSLA is holding up fairly well during this absolute shirtshow we’re seeing over the last couple of days.. of course, placing ur fortunes in the hands of Elon Musk is always a crapshoot at best , so im resisting the urge to get too smug .

 

[Turfie]

I’m guessing that a run up is coming. GME just had its lowest trading volume in recent history. Yesterday and the day before also made the top 5.

Whenever GME has these low volumes then a move up normally follows.

 

[SteveSBrickNJ]

No big deal, i wanted to keep working til i was 85 yrs old anyway.. after today, it looks like ill have to .

That's the thing. I don't see (I'm 60) how I am gonna retire at 63. I'll need to keep going.

 

[Mr. Blue Sky]

That's the thing. I don't see (I'm 60) how I am gonna retire at 63. I'll need to keep going.

I was kidding about working til 85, i actually plan on retiring on the next couple of years (im late-40s) using the concept of ‘geographic arbitrage’…. it means bringing in American dollars (via working remotely ) while living in a low cost of living country, some of which where ur American dollars can go 5-10 times further.. So while i technically wont be ‘retired’ , I can work a lot less and live a MUCH better lifestyle .. i just cant see staying on this hamster wheel for another 15-20 yrs, and im itching to escape the stupid, insane gun culture here and all the religious zealots, even up to the Supreme Court now.. but that’s all ill say on that, at the risk of getting relegated to the Politics board .

 

[Mr. Blue Sky]

What’s the name of that song, “Ive Seen Better Days” ? I think it might be by Everlast or something.. anyway, today reminds me of the line in that song- “And the bottom drops out….. “

 

[SteveSBrickNJ]

I was kidding about working til 85, i actually plan on retiring on the next couple of years (im late-40s) using the concept of ‘geographic arbitrage’…. it means bringing in American dollars (via working remotely ) while living in a low cost of living country, some of which where ur American dollars can go 5-10 times further.. So while i technically wont be ‘retired’ , I can work a lot less and live a MUCH better lifestyle .. i just cant see staying on this hamster wheel for another 15-20 yrs, and im itching to escape the stupid, insane gun culture here and all the religious zealots, even up to the Supreme Court now.. but that’s all ill say on that, at the risk of getting relegated to the Politics board .

Of course I knew you were kidding about working until 85. Yet I am not kidding about working beyond 63. For me, it will be needful both financially and emotionally. I like teaching at an elementary school. I'm too young to retire...and my 401k is so disappointing now anyway.