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re: ZOM making a nice run

Posted on 2/9/21 at 9:15 pm to
Posted by MrJimBeam
Member since Apr 2009
12326 posts
Posted on 2/9/21 at 9:15 pm to
The army is here. Time to take over the world one penny at a time.
This post was edited on 2/9/21 at 9:16 pm
Posted by slackster
Houston
Member since Mar 2009
85066 posts
Posted on 2/9/21 at 9:25 pm to
quote:

I would highly encourage a MUCH bigger Postion in penny stocks


Somewhere between 5-90% feels about right.
Posted by JustForThisThread
Member since Mar 2013
364 posts
Posted on 2/9/21 at 9:51 pm to
This is a topic i’ve been considering and was planning dedicating some of my late night research/reading to tonight. What is considered a healthy mix? Currently my 401k is 90% FXAIX and 10% stocks (taking a chance with some AT picks).

I’ve been seeing the ARK ETFs and was thinking of maybe putting 10% or so in 1 or 2 of those. Curious to learn how to maximize my current money in the market.
This post was edited on 2/9/21 at 10:00 pm
Posted by TheWalrus
Member since Dec 2012
40602 posts
Posted on 2/9/21 at 10:12 pm to
Yeah for someone who knows what he’s doing and/or will take the time to research etc. For a passive investor or someone with low risk tolerance, I think 100 percent SP500 Index fund makes a lot of sense. And a lot of people who “think” they know what they’re doing really don’t. And unless you’re sitting on a mountain of wealth, paying someone high fees to do it for you is unwise in many cases.
This post was edited on 2/9/21 at 10:17 pm
Posted by AUCE05
Member since Dec 2009
42571 posts
Posted on 2/9/21 at 10:44 pm to
I suggest you not frick around with your 401k. Penny stocks are a hobby like golf, hunting, etc.
Posted by Open Your Eyes
Member since Nov 2012
9252 posts
Posted on 2/9/21 at 11:53 pm to
quote:

The guy tells you to do your own DD in every pick thread,


And in response you posted the literal same questions in threads for literal days and scoffed at anyone that attempted an answer. That’s not “doing your own DD”

quote:

but any effort to discuss the pros and cons of a stock is lambasted, and typically it’s others doing the fussing, not him


That’s what you think you were doing, making an effort to discuss the pros and cons of a stock?
Posted by wizard1183
Lafayette
Member since Jan 2021
348 posts
Posted on 2/10/21 at 4:55 am to
Not many 401ks you can do anything but ETFs. And if youre at a small company? They could careless if you make $1 on youir 401k. SO thats REALLY rare for a 401k to allow the freedom of investing in what YOU want. Most have ETFs.

Now IRAs? yes you have 100% freedom unless youre paying a firm to do the investing for you?

I have pennies in my IRA. probably around 3-4% tops. I can afford that risk. I wouldnt go higher. I can actually do my own DD on regular stocks and hit well. No where near the jump pennies can take overnigth. But long term investing. I've beat the market.
Posted by slackster
Houston
Member since Mar 2009
85066 posts
Posted on 2/10/21 at 6:08 am to
quote:

What is considered a healthy mix?


If you’re just starting to research on your own, take a look at the holdings in a target date retirement fund. Pick the year you plan to retire and find the corresponding fund, then look at the fund fact sheets and other metrics to see what Vanguard, Blackrock, JPMorgan, etc are doing for the masses. If they’re 3% in China or 6% in small caps, it gives you some idea of where to start for yourself. Build from there based on your own comfort with risk and goals.
Posted by kbdos
Uptown
Member since Oct 2005
2056 posts
Posted on 2/10/21 at 6:46 am to
So slackster ran of AT so he can be our "expert?"
Great job slackster I hope this is the attention you are looking for
Posted by Ford Frenzy
337 posts
Member since Aug 2010
6876 posts
Posted on 2/10/21 at 6:49 am to
Why the hell would anyone run off someone like AT? Damn this board can suck at times
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
64293 posts
Posted on 2/10/21 at 7:11 am to
This thread is essentially worthless for actually discussing ZOM now.
Posted by MrJimBeam
Member since Apr 2009
12326 posts
Posted on 2/10/21 at 7:13 am to
Let’s ride boys. To the moon!!
Posted by Broken Ear Glen
Baton Roog
Member since Mar 2010
1320 posts
Posted on 2/10/21 at 7:31 am to
quote:

If you’re just starting to research on your own, take a look at the holdings in a target date retirement fund. Pick the year you plan to retire and find the corresponding fund, then look at the fund fact sheets and other metrics to see what Vanguard, Blackrock, JPMorgan, etc are doing for the masses. If they’re 3% in China or 6% in small caps, it gives you some idea of where to start for yourself. Build from there based on your own comfort with risk and goals.


blah blah blah blah. shut. the. frick. up.
Posted by cgrand
HAMMOND
Member since Oct 2009
38852 posts
Posted on 2/10/21 at 7:35 am to
agree with you here.
there will be a time to grind fundamentals sometime soon but now is not that time. Now is the time to take some risk

you guys that are taking on risk right now are right whether you know it or not
Posted by castorinho
13623 posts
Member since Nov 2010
82045 posts
Posted on 2/10/21 at 7:35 am to
quote:

you’re just starting to research on your own, take a look at the holdings in a target date retirement fund. Pick the year you plan to retire and find the corresponding fund
target date funds are horrible and misleading as frick. Definitely don't do this.
This post was edited on 2/10/21 at 7:37 am
Posted by RedHawk
Baton Rouge
Member since Aug 2007
8852 posts
Posted on 2/10/21 at 7:39 am to
quote:

So slackster ran of AT so he can be our "expert?"
Great job slackster I hope this is the attention you are looking for


What he fails to see is that these penny stocks aren’t a part of our solid investing retirement plans. Most of us are investing in pennies as a gamble and using a little play money. He is so into his fundamentals, that he can’t comprehend someone throwing a few thousand into something to see what happens.

Now that those of us are up big time by listening to AT, most of us have already pulled out profits and are riding house money at this point.
This post was edited on 2/10/21 at 7:42 am
Posted by Dock Holiday
Member since Sep 2015
1639 posts
Posted on 2/10/21 at 7:42 am to
quote:

Most of us are investing in pennies as a gamble and using a little play money. He is so into his fundamentals, that he can’t comprehend someone throwing a few thousand into something to see what happens.




I tried explaining that to him yesterday with actual numbers and I think it still didn't fully click.
Posted by touchdownjeebus
Member since Sep 2010
24839 posts
Posted on 2/10/21 at 7:45 am to
Grand, you and AT are my damn Oracle.
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1380 posts
Posted on 2/10/21 at 8:07 am to
quote:

you guys that are taking on risk right now are right whether you know it or not


Exactly! Until the gubment quits shoveling Trillions into the economy, keep buying. Thanks , cgrand
Posted by slackster
Houston
Member since Mar 2009
85066 posts
Posted on 2/10/21 at 8:16 am to
quote:

target date funds are horrible and misleading as frick. Definitely don't do this.



I don’t agree with your premise, but that’s not the point. I’m not saying to match them, I’m saying to start there and build out your own mix. You have to start somewhere. If you are 90% in the S&P 500 and don’t know where else to start, you can do a lot worse than starting with the breakdown of LIVKX for a 30 year old.
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