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Best stocks for a 20 year old to buy
Posted by Tigerbait1998 on 2/5/19 at 10:45 am10
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 at 10:46 am
re: Best stocks for a 20 year old to buyPosted by UltimaParadox on 2/5/19 at 10:51 am to Tigerbait1998
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
Something like the Vanguard total stock market ETF (VTI)
I know Fidelity is now offering zero cost index funds as well
re: Best stocks for a 20 year old to buyPosted by Thib-a-doe Tiger on 2/5/19 at 10:51 am to Tigerbait1998
I’d retire
ETA: I’m dumb, I though I read “shares” and that you had someone leave you a pretty nice inheritance
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 at 10:52 am
re: Best stocks for a 20 year old to buyPosted by GeneralLee on 2/5/19 at 10:55 am to Tigerbait1998
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.
re: Best stocks for a 20 year old to buyPosted by TheWiz on 2/5/19 at 11:04 am to Tigerbait1998
Working full-time or just having some fun with gifted money?
re: Best stocks for a 20 year old to buyPosted by Tigerbait1998 on 2/5/19 at 11:06 am to GeneralLee
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
re: Best stocks for a 20 year old to buyPosted by jimbeam on 2/5/19 at 11:07 am to Tigerbait1998
Put it all in VTSMX and go have fun at the bar
re: Best stocks for a 20 year old to buyPosted by lynxcat on 2/5/19 at 11:08 am to Tigerbait1998
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.
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.
re: Best stocks for a 20 year old to buyPosted by white perch on 2/5/19 at 11:53 am to lynxcat
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!!!!!
re: Best stocks for a 20 year old to buyPosted by Tpayne99 on 2/5/19 at 3:16 pm to white perch
Condom companies, cannabis companies and alcohol companies
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re: Best stocks for a 20 year old to buyPosted by natsoundup on 2/5/19 at 3:43 pm to Tigerbait1998
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
at your age 75% S and P
15% international
....and 10 percent to have fun with
re: Best stocks for a 20 year old to buyPosted by Master_yoda88 on 2/5/19 at 3:50 pm to natsoundup
how much was your initial buy in? Did install an automatic investment per month, bi-annually, etc.?
re: Best stocks for a 20 year old to buyPosted by questionable on 2/5/19 at 3:53 pm to natsoundup
10% LVVV baw
re: Best stocks for a 20 year old to buyPosted by Master_yoda88 on 2/5/19 at 3:58 pm to questionable
Just curious, why are you all about LVVV?
re: Best stocks for a 20 year old to buyPosted by MusclesofBrussels on 2/5/19 at 4:00 pm to Master_yoda88
This board is attempting an LVVV pump and dump
re: Best stocks for a 20 year old to buyPosted by rowbear1922 on 2/5/19 at 4:07 pm to MusclesofBrussels
If LVVV does as Tigerrrdad thinks, I'll be retired before 35.
re: Best stocks for a 20 year old to buyPosted by questionable on 2/5/19 at 4:13 pm to Master_yoda88
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
re: Best stocks for a 20 year old to buyPosted by Master_yoda88 on 2/5/19 at 4:17 pm to questionable
I want you to explain
re: Best stocks for a 20 year old to buyPosted by rowbear1922 on 2/5/19 at 4:28 pm to Master_yoda88
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 at 4:32 pm
re: Best stocks for a 20 year old to buyPosted by Master_yoda88 on 2/5/19 at 5:07 pm to rowbear1922
Crazy. I’m flying to San Diego around that time, too. We should meet up and go check it out.
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