- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Investment Help plz
Posted on 1/9/23 at 7:47 am to Silverback911
Posted on 1/9/23 at 7:47 am to Silverback911
Buy the dip in the monkey picture market
0
Posted on 1/9/23 at 7:47 am to Hopeful Doc
I like your pride shirt
Posted on 1/9/23 at 8:06 am to GeneralLee
quote:
It sounds like you don't actively track your stocks as most of these have taken a big hit for a long time now and were easy targets given the interest rate hikes. If you aren't going to actively track your investments (with things like stop losses if appropriate), then long term the odds are much higher that you'll be better off having these $ invested in index funds instead and just "set it and forget it".
Yep. An idiot and his money are quickly parted
Posted on 1/9/23 at 1:09 pm to GeneralLee
VTSAX sounds to be a favored fund around here?
Posted on 1/9/23 at 5:08 pm to Silverback911
quote:
What should we be doing with our money?
Dollar cost averaging into an index fund.
Posted on 1/10/23 at 8:20 am to Silverback911
So I just retired and have ~$150k in blue chip stocks. I inherited these and have pretty much left them alone. Are you recommending I sell them and put them into the funds as discussed above?
I am not relying on them for income for the foreseeable future as I have 401k and pension money available. Thx for the help
I am not relying on them for income for the foreseeable future as I have 401k and pension money available. Thx for the help
Posted on 1/10/23 at 11:25 am to Kirby59
What are the stocks? It really depends on the quality of the businesses, and on the tax situation associated with selling them. If they are high quality companies like Costco, Coke, Waste Management, Berkshire, Visa, etc I would probably just let them ride since you don't need the income. If they are more cyclical, or lower quality like Exxon, Phillip Morris, GE, Ford I would look to sell
Posted on 1/10/23 at 12:09 pm to LSUtoOmaha
Apple, Microsoft, HD, Walmart, Chevron, JNJ, Dis, BIPIX, and a few others
Posted on 1/10/23 at 1:12 pm to Kirby59
I'd probably just let those ride in your situation. You'll get a mixed response though
Posted on 1/10/23 at 1:13 pm to Silverback911
Buy Prty baw
Posted on 1/10/23 at 1:52 pm to LSUtoOmaha
quote:
I'd probably just let those ride in your situation. You'll get a mixed response though
I think questions of buying individual stocks vs holding individual stocks are entirely different discussions (particularly with inherited ones, though if recently inherited you can sell them without a tax impact thanks to the step up in basis rule, and I think the concept of selling out at no penalty to get to a broader fund is generally preferred if we are in that window).
Should anyone buy individual stocks? General advice is no, stick to index funds. Is anyone a dumbass just because they buy individual stocks? Of course not.
Should this guy hold?
He should probably seek professional help and not this board’s input without a whole lot more info or a handful of hours of his own reading and applying it to his situation. From the little bit he said, it probably won’t have a significant impact on his overall financial life as it’s not his main retirement funds (not that $150K isn’t a significant chunk of money, but it’s not something he’s depending on). But general advice isn’t usually applicable to this question in this situation.
Posted on 1/10/23 at 4:04 pm to Hopeful Doc
quote:
not. Should this guy hold? He should probably seek professional help and not this board’s input without a whole lot more info or a handful of hours of his own reading and applying it to his situation. From the little bit he said, it probably won’t have a significant impact on his overall financial life as it’s not his main retirement funds (not that $150K isn’t a significant chunk of money, but it’s not something he’s depending on). But general advice isn’t usually applicable to this question in this situation.
My wife and I both get a pension on top of a 401k which we are each investing in. The pension is great, the 401k has a poor company match, but I think that’s because of the pension.
I think I’m going to hold my stocks and ride things out. Apple and Amazon are long term holds.
All of this said, I remembered I have a buddy I haven’t golfed with in a few years that is a financial advisor. I’ve reached out to him. I’m 38, so I have a high risk tolerance, but I’ve come to the conclusion that I don’t know enough about what I’m doing and could use some help.
Posted on 1/10/23 at 4:36 pm to Silverback911
quote:
buddy
quote:
financial advisor
Ask for the “fee-only, fiduciary” package.
Posted on 1/10/23 at 5:33 pm to Silverback911
Hold stocks, invest in CD’s, park the necessary liquid in high-interest savings account. Purchase some gold. And wait for the market to hit bottom…
Posted on 1/10/23 at 7:03 pm to Warfox
quote:
Purchase some gold.
Posted on 1/10/23 at 7:45 pm to Warfox
quote:
And wait for the market to hit bottom…
That is truly fantastic advice.
Problem is, I don’t know how to tell the market has hit the bottom until it has started going up again. Can you teach me the proper way to time the market?
Posted on 1/10/23 at 7:50 pm to Hopeful Doc
Just ordered that VTSAX and chill shirt. That’s awesome.
I’m a boring three fund portfolio guy. Although I’m tempted to throw $5k at TQQQ as a lottery ticket over the next decade.
I’m a boring three fund portfolio guy. Although I’m tempted to throw $5k at TQQQ as a lottery ticket over the next decade.
This post was edited on 1/10/23 at 7:51 pm
Posted on 1/10/23 at 9:40 pm to anc
FYI- TQQQ and other leveraged funds have to borrow money every day (federal funds rate is a good approximation) in order to add leverage to the index position. In TQQQ's case, since it's a 3x, the fund has to borrow money at twice the overnight rate. So it costs 7-8% annualized to make the fund work. This loan used to be a negligible number because rates were ~0.
TQQQ can still work but timing is even more important than it was. I'd wait for some pure capitulation move, even if it never happens.
TQQQ can still work but timing is even more important than it was. I'd wait for some pure capitulation move, even if it never happens.
Page 2 of 2
Back to top
Follow TigerDroppings for LSU Football News