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Started By
Message
Stock Diversification Question
Posted on 3/5/13 at 8:40 am
Posted on 3/5/13 at 8:40 am
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.
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.
6
Posted on 3/5/13 at 8:43 am to Lsut81
What did you buy/get them at?
Posted on 3/5/13 at 9:07 am to GenesChin
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
Posted on 3/5/13 at 9:17 am to Lsut81
I started a position in XOM yesterday. No help on your question, just thought I would share.
Posted on 3/5/13 at 9:29 am to OnTheBrink
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.
Posted on 3/5/13 at 9:39 am to Lsut81
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
Posted on 3/5/13 at 9:46 am to Lsut81
A Wilshire 5000 index fund will give you plenty of diversification fwiw.
Posted on 3/5/13 at 9:51 am to foshizzle
Most of my MF's have xom (and chevron)
Buffett likes cop FWIW
Buffett likes cop FWIW
Posted on 3/5/13 at 9:54 am to matthew25
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.
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.
Posted on 3/5/13 at 9:58 am to Lsut81
I would get into a good Vanguard growth fund.
Research VDAIX (mirrors Buffett somewhat), VDIGX, or VEIPX.
Research VDAIX (mirrors Buffett somewhat), VDIGX, or VEIPX.
Posted on 3/5/13 at 10:02 am to matthew25
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.
Posted on 3/5/13 at 3:38 pm to Lsut81
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.
Posted on 3/5/13 at 3:40 pm to Mootsman
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.
Posted on 3/5/13 at 3:56 pm to Lsut81
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..
Posted on 3/5/13 at 4:21 pm to Mootsman
quote:
Markets are way too inflated right now
Based on what?
Posted on 3/5/13 at 4:21 pm to mach316
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.
Posted on 3/5/13 at 4:26 pm to Lsut81
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.
Posted on 3/5/13 at 4:31 pm to slackster
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 3/5/13 at 4:36 pm
Posted on 3/5/13 at 5:25 pm to Lsut81
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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