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So Ive got an extra $30K in savings I would like to invest in this low market? Thoughts?
Posted on 3/9/20 at 5:50 pm
Posted on 3/9/20 at 5:50 pm
I posted a few weeks ago about a $10K CD coming mature and asking thoughts on how I should invest it. I feel like things have changed with everything that's happened in last couple of weeks with Corona virus and Saudis killing the price of Oil.
Back story: ($$ values are before this down swing).
I’m mid 30s and have a 401K through work that’s doing pretty good; $300K. I also have $50K of my employers stock (Royal Dutch Shell)that I contribute $10K to each year to grow for kids college, weddings, etc.
Thanks for the help.
Back story: ($$ values are before this down swing).
I’m mid 30s and have a 401K through work that’s doing pretty good; $300K. I also have $50K of my employers stock (Royal Dutch Shell)that I contribute $10K to each year to grow for kids college, weddings, etc.
Thanks for the help.
6
Posted on 3/9/20 at 6:14 pm to Tiger In the Swamp
Put half in SPY, the rest I have no idea
Posted on 3/9/20 at 6:17 pm to Tiger In the Swamp
quote:
I’m mid 30s and have a 401K through work that’s doing pretty good; $300K.
To be quite honest you could potentially not contribute another cent and still have a decent retirement by the time you are 65.
Posted on 3/9/20 at 6:24 pm to vuvuzela
Id say this and Johnson and Johnson
Posted on 3/9/20 at 6:37 pm to Tiger In the Swamp
EL OH EL.
so glad I sold my RDSB stock back when i did. Shell was one of my clients also years back.
so glad I sold my RDSB stock back when i did. Shell was one of my clients also years back.
Posted on 3/9/20 at 6:53 pm to Fat Bastard
quote:
so glad I sold my RDSB stock back when i did. Shell was one of my clients also years back.
I sure as hell aint selling it now. Glad I didn't invest that 10K a month back though. Any thoughts on what or where to go with it now?
Posted on 3/9/20 at 7:03 pm to Tiger In the Swamp
Yes...take 30% into Pfizer..
Posted on 3/9/20 at 7:15 pm to SalE
Jumped on Pfizer today @ $34.47
Posted on 3/9/20 at 7:30 pm to Tiger In the Swamp
Naked short BP
Posted on 3/9/20 at 8:57 pm to Tiger In the Swamp
At $34/share RDSA is offering a 11% dividend which would basically be for life not gonna beat a guaranteed return of 11% for basically ever
Posted on 3/9/20 at 9:03 pm to CheEngineer
WHat's the difference b/w SPY and VOO? basically the same right?
Posted on 3/9/20 at 9:12 pm to CheEngineer
CheEngineer, can you explain a little further? Not sure I understand.
Posted on 3/9/20 at 9:16 pm to FMtTXtiger
quote:
WHat's the difference b/w SPY and VOO? basically the same right?
lower expenses on VOO, but otherwise about identical. i think someone mentioned that one of them is more day trader friendly.
Posted on 3/9/20 at 9:17 pm to Tiger In the Swamp
quote:
CheEngineer, can you explain a little further? Not sure I understand.
the dividend isn't guaranteed and can be cut.
it would be pretty drastic for a company like shell, exxon or chevron to cut a dividend, but it's very possible.
Posted on 3/9/20 at 9:37 pm to Tiger In the Swamp
Dividend is $.94 a quarter per share or $3.76 a year per share. So for 30k you could buy 882 shares and get 3.76/share for life or 3,316 every year basically forever for the investment of 30k. Think per shares. Also the dividend has not been cut since WWII and that is common knowledge RDSA is not a growth stock it is a dividend stock that a lot of people buy to keep a 6-8% dividend coming in. Today you have an opportunity for 11%.
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