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Started By
Message
Help Diversify My Portfolio
Posted on 8/4/21 at 9:31 pm
Posted on 8/4/21 at 9:31 pm
In 1980, my wife (pic below) received 50 shares of Coca Cola and Truist Financial Corporation as a graduation gift from her grandmother. The dividends were reinvested in each company and they grew quite considerably over the last 23 years.
Current status:
She wants to sell off 72 shares of KO ($4,039.20) & 18 shares of TFC ($982.62) to fund a position in SLI.
I'm not trying to talk her out of it but wanted to know if this is a sound strategy.
Of course I understand risk/reward of investing. What says the MB gurus?
For your trouble (kinda like this but a 40yr old milf)
Current status:
She wants to sell off 72 shares of KO ($4,039.20) & 18 shares of TFC ($982.62) to fund a position in SLI.
I'm not trying to talk her out of it but wanted to know if this is a sound strategy.
Of course I understand risk/reward of investing. What says the MB gurus?
For your trouble (kinda like this but a 40yr old milf)
This post was edited on 8/5/21 at 8:21 am
7
Posted on 8/4/21 at 10:01 pm to ZaphodBeeblebrox
What type of account are the shares in?
This post was edited on 8/4/21 at 10:06 pm
Posted on 8/4/21 at 10:33 pm to ZaphodBeeblebrox
My guess is SLI will trade at or above $20 within 12 months... but it could also very easily drop 10-15% from current levels in the near term as it has ripped super hard the past few days. Your call on the risk/reward balance there. 
Posted on 8/4/21 at 10:40 pm to ZaphodBeeblebrox
I sold my KO and bought SLI. I'd do it, but I'm not a professional advisor. Wouldn't doubt if we see a sell off to some degree before weekend if no new news, if big news drops, goodbye $7's.
Posted on 8/4/21 at 11:21 pm to ZaphodBeeblebrox
quote:
'm not trying to talk her out of it but wanted to know if this is a sound strategy.
Of course I understand risk/reward of investing. What says the MB gurus?
If you don't and SLI moonshots, she'll never let you live it down. Something happens and it tanks, shite happens. That's investing. Her money, her idea, better to roll with it.
You don't really have a choice IMO. But if it does tank, you better not say shite if you ever want to touch her butthole or get another BJ.
Posted on 8/5/21 at 12:12 am to ZaphodBeeblebrox
She has $20k in two stocks that are completely unrelated to SLI and wants to move $5k from them to SLI? That seems like the epitome of diversification to me.
Posted on 8/5/21 at 12:48 am to ZaphodBeeblebrox
IMO ... diversifying is a good idea, but I would not sell TFC to buy SLI if I was in my 60s.
Replacing KO with something else ... ok.
I would look at one tech stock (like MSFT on a pull back), a Pharma (several to chose from - BMY, etc), and an energy stock (maybe EPD). Then, after that, buy some others like an SLI if that is something you want to buy.
... but it depends on your situation, which we don;t know.
Replacing KO with something else ... ok.
I would look at one tech stock (like MSFT on a pull back), a Pharma (several to chose from - BMY, etc), and an energy stock (maybe EPD). Then, after that, buy some others like an SLI if that is something you want to buy.
... but it depends on your situation, which we don;t know.
This post was edited on 8/5/21 at 12:49 am
Posted on 8/5/21 at 7:45 am to down time
Sell the farm! buy SLI
This post was edited on 8/5/21 at 7:47 am
Posted on 8/5/21 at 8:03 am to ZaphodBeeblebrox
quote:
graduation gift
quote:
over the last 41 years
quote:
kinda like this but a 40yr old milf
Was it her Pre-k graduation? I would’ve thought 50 shares of coke would be worth more than $8,500 after 40 years.
Posted on 8/5/21 at 8:25 am to BigPerm30
sorry, it was a long day... edited OP to reflect correct duration. 
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