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Best stocks for a 20 year old to buy

Posted on 2/5/19 at 10:45 am
Posted by Tigerbait1998
Baton Rouge
Member since Sep 2015
417 posts
Posted on 2/5/19 at 10:45 am
I currently own about 8000 in Conoco Phillips, 6000 in tesla, small amount of LuLu Lemon (pays a decent dividend and returns profit). the rest is in various mutual funds. My question is this, what should I purchase now to diversify?
This post was edited on 2/5/19 at 10:46 am
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40900 posts
Posted on 2/5/19 at 10:51 am to
Sounds like you are just getting started out. Your best bet for diversifying is buying low cost total stock market index funds.

Something like the Vanguard total stock market ETF (VTI)

I know Fidelity is now offering zero cost index funds as well
Posted by Thib-a-doe Tiger
Member since Nov 2012
35550 posts
Posted on 2/5/19 at 10:51 am to
I’d retire


ETA: I’m dumb, I though I read “shares” and that you had someone leave you a pretty nice inheritance
This post was edited on 2/5/19 at 10:52 am
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 2/5/19 at 10:55 am to
Sell the individual stocks and buy Vanguard index funds instead. Use the time you would have spent picking individual stocks on other more productive ventures.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11688 posts
Posted on 2/5/19 at 11:04 am to
Working full-time or just having some fun with gifted money?
Posted by Tigerbait1998
Baton Rouge
Member since Sep 2015
417 posts
Posted on 2/5/19 at 11:06 am to
quote:

Sell the individual stocks and buy Vanguard index funds instead. Use the time you would have spent picking individual stocks on other m
ore productive ventures.


about 6k in mutual funds now, which includes Vangaurd. really do not want to sell any of TSLA or CP as they have done well for me over the past 3 years, Im still buying Elon's pipe dream, sue me
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/5/19 at 11:07 am to
Put it all in VTSMX and go have fun at the bar
Posted by lynxcat
Member since Jan 2008
24213 posts
Posted on 2/5/19 at 11:08 am to
50% SCHB
20% SCHE
30% SCHF

That should do it. That’s a total US stock market fund, an emerging market fund, and an international fund.

Depending on your age and risk tolerance, you can throw in some bond funds.

While it isn’t sexy, low cost, passive ETFs are the ideal way for almost everyone to invest for the long term.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7156 posts
Posted on 2/5/19 at 11:53 am to
Sell all those dumb stocks and buy whatever venuzualas currency is. It’s on sale now and after they return to democracy, the value of their dollar is gonna explode!!!!!
Posted by Tpayne99
Da Bayou
Member since Jan 2019
1028 posts
Posted on 2/5/19 at 3:16 pm to
Condom companies, cannabis companies and alcohol companies
Posted by natsoundup
Simpsonville, SC, Jupiter, FL,
Member since May 2013
367 posts
Posted on 2/5/19 at 3:43 pm to
If I had to do it all over again, it would be low cost index funds...and call it a day

at your age 75% S and P
15% international

....and 10 percent to have fun with
Posted by Master_yoda88
Sweden
Member since Jul 2018
784 posts
Posted on 2/5/19 at 3:50 pm to
how much was your initial buy in? Did install an automatic investment per month, bi-annually, etc.?
Posted by questionable
FL
Member since Apr 2008
1027 posts
Posted on 2/5/19 at 3:53 pm to
10% LVVV baw
Posted by Master_yoda88
Sweden
Member since Jul 2018
784 posts
Posted on 2/5/19 at 3:58 pm to
Just curious, why are you all about LVVV?
Posted by MusclesofBrussels
Member since Dec 2015
4547 posts
Posted on 2/5/19 at 4:00 pm to
This board is attempting an LVVV pump and dump
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15187 posts
Posted on 2/5/19 at 4:07 pm to
If LVVV does as Tigerrrdad thinks, I'll be retired before 35.
Posted by questionable
FL
Member since Apr 2008
1027 posts
Posted on 2/5/19 at 4:13 pm to
quote:

Just curious, why are you all about LVVV?


Read the weed stocks thread, should only take a couple days(if you don’t sleep). LVVV
Posted by Master_yoda88
Sweden
Member since Jul 2018
784 posts
Posted on 2/5/19 at 4:17 pm to
I want you to explain
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15187 posts
Posted on 2/5/19 at 4:28 pm to
quote:

Right now, there's the pod nursery at Coachella that is fully operational (has all county and state licenses required for nursery cultivation and distribution). That pod can hold over 16,000 clones per a PR video, and I've done the math based on photos showing how many plants per tray, how many trays per shelf, how many shelves in the pod, etc. It checks out. The average low end price for clones is @ $10, with a turnaround time of 3-4 weeks. So that one pod at full capacity can generate over $160,000/month. The pods are somewhere around 320 sq. ft. to my knowledge. They also have another pod for Coachella, but I don't think it is fully up and running yet. They also had a PR detailing a purchase order for 4 greenhouses for Coachella, each one at 3,600 sq. ft. So if they get all of that up and running, they could generate well over $7,000,000/month by my estimation (do the math). Keep in mind that they just got the state cultivation license there 4 weeks ago, thus only the one pod operational that we know of.

They've been waiting a LONG time for that license and Coachella had practically been forgotten about since they got the county cultivation permit all the way back in March '18. Everyone was focused on the new Paso Robles property when the state license for Coachella popped up out of nowhere on Dec. 31. Now that Coachella is fully licensed, they have said that rapid expansion there will occur. I think this is critical because the instant revenue stream they can generate there will help fund Paso Robles and the other properties with little need for further dilution. The timing of this license worked out well in that regard.

They just got the Paso Robles county license a couple weeks ago, and are awaiting the state license there - this one should only take a month or two, not nearly as long as Coachella took for various reasons. They also have to build out the inside of the buildings now that they have the permit. But they have over 20,000 sq. ft. of indoor space there (2 warehouses), with 10,600 dedicated to a clone nursery. Again, do that math. Well over $5,000,000 possible from that square footage. AND they also have the option for another 25,000 sq. ft. of indoor space at that location.

They also have another location that has an operational greenhouse. It is being leased to a non-profit collective at the moment, but they've applied for licenses at that location as well. Once that is fully licensed, they'll give the non-profit the boot and start up operations there as well, with enough space for 5 greenhouses on the property - a potential of over $9,000,000/month there.
So there's still a long way to go before all of this is up and running, but if it all comes to fruition, you're looking at a company with the potential for of upwards of $20 million/month. They can be a MAJOR player in cannabis, and remember that all of the big companies had to start somewhere. As a cannabis company, this is a startup that didn't get into the business until 2017.


Per Tigerrdad from what has basically become a LVVV thread.

ETA: I'm flying to San Diego right after Coachella, I may have to make a drive and check out the operation there while I'm in cali.
This post was edited on 2/5/19 at 4:32 pm
Posted by Master_yoda88
Sweden
Member since Jul 2018
784 posts
Posted on 2/5/19 at 5:07 pm to
Crazy. I’m flying to San Diego around that time, too. We should meet up and go check it out.
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