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$500 per month into one stock for the next 10 years

Posted on 9/8/23 at 3:38 am
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40507 posts
Posted on 9/8/23 at 3:38 am
What are you choosing?

Hard to go against TSLA right now, but I worry the powers that be might turn on Elon.
This post was edited on 9/8/23 at 3:38 am
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7175 posts
Posted on 9/8/23 at 3:40 am to
AAPL
Posted by BabyTac
Austin, TX
Member since Jun 2008
12446 posts
Posted on 9/8/23 at 6:32 am to
A SP500 index fund.
Posted by thegreatboudini
Member since Oct 2008
6471 posts
Posted on 9/8/23 at 7:10 am to
VTSAX
Posted by leeman101
Huntsville, AL
Member since Aug 2020
1529 posts
Posted on 9/8/23 at 7:42 am to
MMM - pays a divy.
Posted by 21JumpStreet
Member since Jul 2012
14675 posts
Posted on 9/8/23 at 8:34 am to
Bitcoin
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
5425 posts
Posted on 9/8/23 at 10:42 am to
I bought AXON several years ago. This was when Ancient Tiger was pulling his stunts and I bought several of those stocks in small amounts. They all got way up and then sank and I pulled my original investment out. But AXON at the time was a $65 stock and I bought the largest share of them in my portfolio. When everything came back down during covid, I pulled all of my positions. AXON went from $70 to $100 then dropped back down to $85. They're now over $200. Lesson learned on not trying to time the market.

I bought them because I experienced a Virtual Reality product of theirs. A buddy that works for the Fort Worth IT department said their products were miles ahead of the competition. Like comparing a Pinto to a Ferrari ahead. I still think they have a huge upside to them.
Posted by Barbenheimer
Member since Jul 2023
37 posts
Posted on 9/8/23 at 10:59 am to
Why not take the $500 and invest it in 5 different companies to spread the risk a bit, but still be exposed to high growth potential stocks:

1) AAPL - $100
2) MSFT - $100
3) TSLA - $100
4) NVDA - $100
5) META - $100 (I like this one as it could have big upside if they can figure out the monetization for Threads and Metaverse)
This post was edited on 9/8/23 at 12:00 pm
Posted by Sir Saint
1 post
Member since Jun 2010
5331 posts
Posted on 9/8/23 at 12:56 pm to
If I had to pick 1 single company, MSFT gets my vote.
Posted by SmackoverHawg
Member since Oct 2011
27389 posts
Posted on 9/8/23 at 4:43 pm to
Tesla
Posted by Hayekian serf
GA
Member since Dec 2020
2678 posts
Posted on 9/8/23 at 5:41 pm to
Something paying a nice dividend
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69964 posts
Posted on 9/8/23 at 6:41 pm to
For a dividend stock- MPLX no question

For stable growth- probably Apple



Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1129 posts
Posted on 9/8/23 at 7:03 pm to
$125 VTSAX or S&P 500, $125 mid cap value fund, $125 small cap value fund, $125 small cap tax managed fund
Posted by LEASTBAY
Member since Aug 2007
14399 posts
Posted on 9/8/23 at 7:35 pm to
I've done something similar with TSLA for a few years now. Up to 65 shares. It's done pretty well. It's a long hold for me though.
Posted by JetsCoach
Bossier City
Member since Dec 2017
770 posts
Posted on 9/8/23 at 9:02 pm to
NVDA on this pullback.... It may be a few years before you get another one!!!!!!

Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 9/9/23 at 12:43 pm to
quote:

$500 per month into one stock for the next 10 years
SPY (I know, cheating )
Posted by nosaints
Louisiana
Member since Dec 2009
324 posts
Posted on 9/10/23 at 3:36 pm to
DKNG and Penn
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8978 posts
Posted on 9/10/23 at 4:01 pm to
VOO or VTI
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
2951 posts
Posted on 9/11/23 at 8:21 am to
SOXX
Posted by barry
Location, Location, Location
Member since Aug 2006
50384 posts
Posted on 9/11/23 at 8:55 am to
quote:

$500 per month into one stock for the next 10 years


quote:

Hard to go against TSLA right now, but I worry the powers that be might turn on Elon.


Why? a 10-year horizon and you'd go with a company that already has a ton of growth baked into the valuation? No, thanks.
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