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I’ve got about 15k and potentially going to get another 5k later from inheritance

Posted on 1/18/21 at 8:13 am
Posted by TigerCrude
Member since Oct 2019
1878 posts
Posted on 1/18/21 at 8:13 am
Still waiting for the assets to all be settled. But I got 15k this past weekend.

What would you invest in? Looking for something with some growth potential still (would love to double it) and possibly a good dividend long term.

Maybe cruise lines or some new EV? Really interested in anything.
Posted by GentleJackJones
Member since Mar 2019
4168 posts
Posted on 1/18/21 at 8:14 am to
VGT
Posted by SLafourche07
Member since Feb 2008
9928 posts
Posted on 1/18/21 at 8:28 am to
quote:

Looking for something with some growth potential still (would love to double it) and possibly a good dividend long term.




Let me know when you find it. Preferably before it doubles.
Posted by supadave3
Houston, TX
Member since Dec 2005
30265 posts
Posted on 1/18/21 at 8:40 am to
quote:

What would you invest in? Looking for something with some growth potential still (would love to double it) and possibly a good dividend long term.


Oh, ok. That’s it? Sure, let me pull up my list...
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2133 posts
Posted on 1/18/21 at 9:00 am to
If you are aiming for a long term investment, put it in a index fund and leave it alone preferably in a tax advantaged account. If you're just chasing quick gains, follow the frrquent penny stock threads, buy lotto tickets, or hit the casino. Typically growth and dividend stock are different animals. If a company has big growth potential its typically going to reinvest capital for expansion rather than pay it out to share holders. If you aren't well versed in stock fundamentals you aren't going to beat the experts unless its dumb luck or you have a specific industry insight (invest in what you know). Otherwise just invest in the broad market instead of trying to pick winners as an amateur.
Posted by Shamoan
Member since Feb 2019
9222 posts
Posted on 1/18/21 at 9:06 am to
I suggest finding a beat-down group of stocks and investing there. Im new to investing, but ive been able to get a 35% return since i started investing almost a year ago.

BA/MRO are a couple that arent dried up then go heavy in finance where you see opportunity.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2133 posts
Posted on 1/18/21 at 9:33 am to
MRO for growth? I wouldn't go hard into petroleum looking for growth. That stock has been a dog and even still it only pays 1.45% so not even a good dividend play. Although, some on this board will probably say its a great legacy stock to pass down generational wealth
Posted by bayoubengals88
LA
Member since Sep 2007
18946 posts
Posted on 1/18/21 at 9:52 am to
1. Are you set up with a six month liquid emergency fund?

2. Do you have auto debt, credit card debt, or student loans?

3. If not, by all means, invest.

Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5417 posts
Posted on 1/18/21 at 10:05 am to
MVIS - LiDAR & Augmented Reality value play (3x+ potential)
CCIV - Potential SPAC play of the year (Lucid Motors EV 2x+ potential)
BB - EV software pivot play (2x potential)
AMC - More of a gamble they can avoid bankruptcy (2-3x potential)
ORC - High yield dividend
CCL - Cruises
AAPL - It's Apple.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2133 posts
Posted on 1/18/21 at 10:24 am to
You can still fund 2020 IRA and 2021. So put what you can now into the 2020. Are you married? If so, you can fund 2 IRAs whether or not spouse has income. So, $12k annual limit for a couple.
Posted by HoLeInOnEr05
Middle of the fairway
Member since Aug 2011
16834 posts
Posted on 1/18/21 at 12:46 pm to
GME is going to the effin Moon... vroom vroom
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