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re: With Jan 1 approaching...where are you putting your IRA money?
Posted on 12/18/23 at 8:51 pm to Billy Blanks
Posted on 12/18/23 at 8:51 pm to Billy Blanks
100% FZROX
0
Posted on 12/18/23 at 9:13 pm to Billy Blanks
2024 is year of the small caps. Things are setting up well, IWM. I will likely be buying 30+ DTE calls and rolling out and up most of the year
Posted on 12/18/23 at 9:30 pm to Billy Blanks
VNQ
VGT
VIG
RSP
VGT
VIG
RSP
Posted on 12/18/23 at 9:55 pm to beaverfever
You should add a few to your list:
BAC
O
V
AXP
AAPL
Edited to add:
KO
BAC
O
V
AXP
AAPL
Edited to add:
KO
This post was edited on 12/18/23 at 9:56 pm
Posted on 12/18/23 at 10:04 pm to AuburnCPA
quote:
Why dump a large sum in near the 52 week high?
Some interesting numbers for you using SPY which goes back to 1/29/1993 using Yahoo Finance daily data and dividends reinvested:
There is a 9.1% chance that your investment would be at an ALL time high on any given day of the 7777 trading days for which I have data.
Also, there is a 5.1% chance on any given day that your investment will never be lower than it is that day.
I find that to be pretty fascinating.
Posted on 12/19/23 at 5:58 am to slackster
If you're backdoor'ing it, then it's lump sum anyway.
Posted on 12/19/23 at 6:30 am to TheWiz
quote:
If you're backdoor'ing it, then it's lump sum anyway.
Yeah but you don’t have to actually buy stocks/bonds with it right away. You can DCA within the account after the conversion.
Posted on 12/19/23 at 6:58 am to slackster
Lump sum invested immediately beats DCA. The confusion stems from the fact DCA is better than waiting to accumulate then invest a large sum which isnt exactly what is referred to as "lump sum" investing.
DCA advocates are usually referring to setting up recurring contributions instead of waiting to max an investment vehicle all at once or save until you have a large enough sum to make a sizeable investment. Much of the investing public has confused that and thinks DCA beats making a lump sum investment even if you already have the capital available.
On other hand, DCA may be psychologically advantageous especially for new investors or those with a large portion of their overall portfolio available to invest at once. They may be more likely to second guess a lump sum investment and start tinkering leading to sub optimal outcomes.
DCA advocates are usually referring to setting up recurring contributions instead of waiting to max an investment vehicle all at once or save until you have a large enough sum to make a sizeable investment. Much of the investing public has confused that and thinks DCA beats making a lump sum investment even if you already have the capital available.
On other hand, DCA may be psychologically advantageous especially for new investors or those with a large portion of their overall portfolio available to invest at once. They may be more likely to second guess a lump sum investment and start tinkering leading to sub optimal outcomes.
This post was edited on 12/19/23 at 7:52 am
Posted on 12/19/23 at 7:08 am to slackster
I assume that once it's in your settlement fund, you could DCA as you please. I always get scared and go straight into VTSAX. 
Posted on 12/19/23 at 7:22 am to TorchtheFlyingTiger
For someone who just opened a Roth earlier this year at 28 yrs old and is depositing $100 a week, what would be general advice? Right now I’m looking at getting in to dividend stocks with AAPL, KO, and PM. Also plan on getting some amzn as a growth stock
Posted on 12/19/23 at 7:32 am to NorthShoreTiger44
If you are ever going to DCA now is the time. At least your cash is earning something while it waits for departure.
I also liked someone's comment about small caps.
I also liked someone's comment about small caps.
Posted on 12/19/23 at 8:17 am to NorthShoreTiger44
quote:- Index funds instead of individual stocks (you are more likely to under perform market than beat it)
For someone who just opened a Roth earlier this year at 28 yrs old and is depositing $100 a week, what would be general advice?
- Dont be fooled by dividends. It is just a forced liquidity event and stock price adjusts to reflect the dispersed capital. I'd rather choose when to take $ out of my investments. (Not a huge issue in a Roth though since no tax on dividends)
- Finish funding 2023 Roth IRA then bump up contributions to max in 2024. A small increase to $134/wk would hit max if started a beginning of year.
- If you insist on picking individual stocks keep them a small portion of overall portfolio and have exit strategy. Roth is a good place for them since no tax on sales so you can stick to your strategy without regard for taxes. I've often failed to sell positions due to tax aversion and didnt have strategy for when to sell.
This post was edited on 12/19/23 at 8:18 am
Posted on 12/19/23 at 8:34 am to NorthShoreTiger44
quote:
For someone who just opened a Roth earlier this year at 28 yrs old and is depositing $100 a week, what would be general advice? Right now I’m looking at getting in to dividend stocks with AAPL, KO, and PM. Also plan on getting some amzn as a growth stock
I like AMZN and AAPL over the other two.
Posted on 12/19/23 at 9:22 am to Billy Blanks
AAPL ok and pm seems good. I always trust Warren buffet and his two favorite stocks are KO and BAC. But I do love aapl
Posted on 12/20/23 at 4:09 pm to Billy Blanks
quote:
where are you putting your IRA money?
Gotta shipment of machine guns coming in. 2024 is finally the year of Irish independence
Oh wait you meant an investment account. Nvmd
Posted on 12/21/23 at 2:13 pm to Billy Blanks
Probably:
URNJ
AZMCF
URNJ
AZMCF
Posted on 12/22/23 at 2:49 am to molsusports
vtsax
Posted on 12/22/23 at 8:46 am to molsusports
quote:
Probably:
URNJ
AZMCF
Why is that?
Posted on 12/22/23 at 9:23 am to Billy Blanks
quote:
With Jan 1 approaching...where are you putting your IRA money?
I’ll begin loading up my SEP with free cash and sell cash secured puts on equities (including ETFs) that I’d like to own longer term, at prices that are desirable. As well, I’ll use anything above and beyond that strategy to sell credit spreads to generate additional profits. Pretty much the same thing that I’ve done for many years.
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