Stock advice

[Dave Hess]

Don’t be foolish and put all you money in one stock.

Its easy for those hypothetical ‘all or nothing’ investing type of people to say put 100% of your money in Tesla....

Please post a screenshot of your before and after balances. Please...

 

[Ws6]

SPY
XQQ
VOO

The best one you listed produced about a 30% profit vs. my 160%+.

 

[Ws6]

Don’t be foolish and put all you money in one stock.

Its easy for those hypothetical ‘all or nothing’ investing type of people to say put 100% of your money in Tesla....

Please post a screenshot of your before and after balances. Please...

I did. 160%+ return, at present. $28xx in, over $7k in total value at present.

 

[OppositeLocK]

I did. 160%+ return, at present. $28xx in, over $7k in total value at present.

The pandemic has made a lot of people appear to be more intelligent investors than they really are. Who you won't hear from are the people who lost money by timing the market, which is exactly what you're doing, except that it worked out for you.

Picking individual stocks is pure gambling for most people. But everyone will only look to the one guy that lucked out, and ignore the ten others that lost everything.

 

[JeffKeryk]

With the pandemic, this was an extraordinary time to make short term money.
For short term, go ahead and gamble if you wish.
Long term, as others have said, there is nothing like a nice low load mutual index fund.
Long term individual stock picking is flying blind. Might as well buy lottery tickets.
Full disclosure, I have never bought a lottery ticket.

Good luck!

 

[OilReport99]

MSFT has been good to me.

 

[PimTac]

This is turning into a mine is bigger than yours discussion.

The interesting part is when all these high flier stocks hit the skids. Then there is nothing but silence from the holders.

 

[OilReport99]

This is turning into a mine is bigger than yours discussion

I like the Warren Buffet approach... “I don’t recommend stocks, but GEICO can save you 15% or more on car insurance “

 

[PimTac]

I like the Warren Buffet approach... “I don’t recommend stocks, but GEICO can save you 15% or more on car insurance “

Typical Buffett, pushing his own stuff.

 

[Dave Hess]

I did. 160%+ return, at present. $28xx in, over $7k in total value at present.

That’s great. Keep it up.
Just remember all you eggs in one basket can be risky.

I did well with Amazon when I started buying it 11 years ago. I really don’t like picking individual stocks.

 

[Dave Hess]

The pandemic has made a lot of people appear to be more intelligent investors than they really are. Who you won't hear from are the people who lost money by timing the market, which is exactly what you're doing, except that it worked out for you.

Picking individual stocks is pure gambling for most people. But everyone will only look to the one guy that lucked out, and ignore the ten others that lost everything.

I know someone that was 100% cash in January 2020, then global illness hit and they got back in at almost the bottom.

There was waaaaay too much bad news on the horizon to ignore late last year. The pandemic just sped up the big market drop. Pumping in trillions of cash sped up the market climb upwards.

 

[measureman]

Thanks for your advice.

 

[Ws6]

This is turning into a mine is bigger than yours discussion.

The interesting part is when all these high flier stocks hit the skids. Then there is nothing but silence from the holders.

True, which is why I've invested in a company still trading at
Also, yes, some risk is inherent to stock market trading.

 

[Ws6]

With the pandemic, this was an extraordinary time to make short term money.
For short term, go ahead and gamble if you wish.
Long term, as others have said, there is nothing like a nice low load mutual index fund.
Long term individual stock picking is flying blind. Might as well buy lottery tickets.
Full disclosure, I have never bought a lottery ticket.

Good luck!

I agree fully! I want out of the market pre-election. I don't want to bring politics into it, but you must account for the turmoil of a POTUS election, and I don't have tea leaves that good, so I want something to make me money in <1year so I can pull my spoils out of the market before any OTHER influences hit it than the good 'ol pandemic.

 

[JeffKeryk]

I agree fully! I want out of the market pre-election. I don't want to bring politics into it, but you must account for the turmoil of a POTUS election, and I don't have tea leaves that good, so I want something to make me money in

That's a good plan. Remember your tax burden. Perhaps reinvest in something long term and build for your future.
I wanted to buy TSLA, but I didn't, for 2 reasons:
1 - I am at a place in my life where I should be moving towards conservative investments. Making a quick buck is not needed, so why risk it?
2 - I was too chicken. And stupid as it turns out...

Good luck.

 

[Ws6]

That's a good plan. Remember your tax burden. Perhaps reinvest in something long term and build for your future.
I wanted to buy TSLA, but I didn't, for 2 reasons:
1 - I am at a place in my life where I should be moving towards conservative investments. Making a quick buck is not needed, so why risk it?
2 - I was too chicken. And stupid as it turns out...

Good luck.

I regret not buyingTesla, but I didnt because I feel its traded too much in sentiment. I didnt want that risk. I only buy things trading well below actual book value that are cashflow positive....if they fit that NOW, they WILL make me money sooner or later.

Yes, I am annoyed at the tax burden and haven't forgotten it, but it matches my paychecks anyways, so its not a special spit in the eye.

I just want to know...if I sell out say, now, but do not reinvest...nor pull the money from robinhood to my bank...just let it slow roast in RH...will know tax this year, or as part of 2021s tax burden if I cash out Jan 1?

 

[PimTac]

That's a good plan. Remember your tax burden. Perhaps reinvest in something long term and build for your future.
I wanted to buy TSLA, but I didn't, for 2 reasons:
1 - I am at a place in my life where I should be moving towards conservative investments. Making a quick buck is not needed, so why risk it?
2 - I was too chicken. And stupid as it turns out...

Good luck.

That is where the 4% rule applies. Of course if you invested in multiple stocks of similar risk then that is the downside of that rule. Allocation is the key.

I bought AAPL in the low $40 range years ago. It was under 4% of my portfolio but as you might guess that didn’t hold. I had to pare it back. Now I don’t have any except for what is in my funds and ETFs.

 

[Dave Hess]

To be honest, I dont care about short term capital gains taxes.

If you can make money and get out... then everything is just fine.

 

[GMFan]

Purchase individual stocks with money you are willing to lose (gambling money). Stick to mutual funds. If you want aggressive but somewhat risky investing VFIAX is my go-to which is an S&P 500 index fund. VOO is the equivalent ETF.

Don’t gamble with individual stocks until you’re maxing out your 401K and Roth.

 

[Vern_in_IL]

I would *never* invest in a MINING STOCK????!!!!!!

Mining stocks are places where rich people invest to loose money. Gold,Coal, etc LOTS of speculation that simply is not true, and constantly attacked by organizations like Green Peace and Sierra Club.