Stock Diversification Question | TigerDroppings.com

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Lsut81
USA Fan
Member since Jun 2005
62868 posts

Stock Diversification Question


For the stock gurus on here...

I've got quite a few shares of Boeing currently. I was considering selling off about half and picking up something like ConocoPhilips or ExxonMobil.

Thoughts?

I'd prob hold out a few months in order for Boeing to get the Dreamliner mess cleared up, but I don't see it going much higher than $80. Its fought back from $73ish when the mess went down to over $77 currently.







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GenesChin
Ole Miss Fan
The Promise Land
Member since Feb 2012
10560 posts

re: Stock Diversification Question


What did you buy/get them at?





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Lsut81
USA Fan
Member since Jun 2005
62868 posts

re: Stock Diversification Question


quote:

What did you buy/get them at?


A lot less... Not gonna lose any money, just wondering if it would be a good strategy to move shares into some other stocks

Thought really stemming from the "If you could only own one stock" thread






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3531 posts

re: Stock Diversification Question


I started a position in XOM yesterday. No help on your question, just thought I would share.





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Lsut81
USA Fan
Member since Jun 2005
62868 posts

re: Stock Diversification Question


quote:

I started a position in XOM yesterday



Why XOM over COP?

Any other good buys out there? Just feel like I have too many eggs in one basket.






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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
463 posts

re: Stock Diversification Question


I recently bought COP. Seems to be a very stable stock with a great dividend. I don't see much more downside although I don't expect quick gains either





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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29517 posts

re: Stock Diversification Question


A Wilshire 5000 index fund will give you plenty of diversification fwiw.





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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

re: Stock Diversification Question


Most of my MF's have xom (and chevron)

Buffett likes cop FWIW






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Lsut81
USA Fan
Member since Jun 2005
62868 posts

re: Stock Diversification Question


So is the consensus that it would be a good move to sell of some of my stake and buy into COP?

Could sell 100 Shares of BA and pick up 134 of COP



Or should I diversify even more? Maybe pick up 75 of COP and then a few other cheaper stocks

I'm a novice any suggestions would be appreciated.






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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

re: Stock Diversification Question


I would get into a good Vanguard growth fund.

Research VDAIX (mirrors Buffett somewhat), VDIGX, or VEIPX.






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Lsut81
USA Fan
Member since Jun 2005
62868 posts

re: Stock Diversification Question


quote:

I would get into a good Vanguard growth fund


Dumb question... Are there any limits to something like that

I've got a Roth IRA and an IRA with Vanguard currently.






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kennypowers816
LSU Fan
Houston
Member since Jan 2010
1671 posts

re: Stock Diversification Question


quote:

Are there any limits to something like that


LINK
Minimum investment of $3k which obviously shouldn't be a problem if you are considering divesting 100 shares of BA

And yes, you should be able to invest via one of your IRAs.






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Mootsman
South Carolina Fan
Charlotte, NC
Member since Oct 2012
1828 posts

re: Stock Diversification Question


I would stay out of the stocks for a little while and hold the cash. Markets are way too inflated right now. Give it some time to dump itself and then pick up the pieces.





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Lsut81
USA Fan
Member since Jun 2005
62868 posts

re: Stock Diversification Question


quote:

I would stay out of the stocks for a little while and hold the cash. Markets are way too inflated right now.


Thats one thing I was thinking... Cash out a shite ton of it and put it into a savings for the time being.

Or load up on Silver ETF's because they are down at $28 and should easily get back up to $33 by years end.






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mach316
LSU Fan
Jonesboro, AR
Member since Jul 2012
1786 posts

re: Stock Diversification Question


I think BA will continue to climb, but being diversified is important. Nothing wrong with taking some profits now, and buying something else on the dips. Good luck..





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slackster
LSU Fan
Houston
Member since Mar 2009
6013 posts

re: Stock Diversification Question


quote:

Markets are way too inflated right now


Based on what?






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slackster
LSU Fan
Houston
Member since Mar 2009
6013 posts

re: Stock Diversification Question


quote:

Nothing wrong with taking some profits now, and buying something else on the dips.


If you can tell me when the dips are coming, I'd like to know.






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slackster
LSU Fan
Houston
Member since Mar 2009
6013 posts

re: Stock Diversification Question


quote:

Just feel like I have too many eggs in one basket.


One stock? Yeah I'd say that is true.

The good news is that you do not have to own just one stock. I would look into JPMorgan funds or Vanguard funds. Vanguard gets all of the love because of the low fees, but there are quite a few JPMorgan funds that have outperformed Vanguard funds despite the higher fees. They are very good at what they do.






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Lsut81
USA Fan
Member since Jun 2005
62868 posts

re: Stock Diversification Question


quote:

The good news is that you do not have to own just one stock. I would look into JPMorgan funds or Vanguard funds. Vanguard gets all of the love because of the low fees, but there are quite a few JPMorgan funds that have outperformed Vanguard funds despite the higher fees. They are very good at what they do.



But can I put that money in there even though I have maxed out my Roth?

Ill say it again, I'm a novice at investing. Does Vanguard have funds that you can just invest into that aren't restricted by the govt, aside from taxes on the earnings?



This post was edited on 3/5 at 4:36 pm


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slackster
LSU Fan
Houston
Member since Mar 2009
6013 posts

re: Stock Diversification Question


quote:

Ill say it again, I'm a novice at investing. Does Vanguard have funds that you can just invest into that aren't restricted by the govt, aside from taxes on the earnings


Yes. Non-qualified accounts. You can probably buy Vanguard funds inside of the account in which you hold your Boeing stock. If you have stock certificates or directly registered shares you should see a financial advisor for help.






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