I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.
What are some of your favorites? Best performers over the last few years? [Reply]
Originally Posted by ThaVirus:
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.
What are some of your favorites? Best performers over the last few years?
I feel like the obvious safe answer here is goog or amzn. [Reply]
Originally Posted by Jenson71:
There has to be an "insurable interest" in order for the contract to be valid. That same interest exists for life insurance situations as well as tangible property. I don't have an insurable interest in my neighbor's life nor his car and therefore would not be able to get a policy over either (or, if the company issues it based on my lies, can void the payout later when I try to enforce it).
Imagine drafting this up during a nail biter Chiefs game. [Reply]
Originally Posted by ThaVirus:
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.
What are some of your favorites? Best performers over the last few years?
Originally Posted by ThaVirus:
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.
What are some of your favorites? Best performers over the last few years?
Originally Posted by ThaVirus:
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.
What are some of your favorites? Best performers over the last few years?
Do you have the boring stuff managed first? A 401k, ROTH IRA? What percentage of your income are you saving for retirement before you move into riskier returns like individual stocks? [Reply]
Originally Posted by Rain Man:
I feel like the obvious safe answer here is goog or amzn.
Originally Posted by Buehler445:
SPY
Sounds good and safe, thank you.
Originally Posted by lewdog:
Do you have the boring stuff managed first? A 401k, ROTH IRA? What percentage of your income are you saving for retirement before you move into riskier returns like individual stocks?
I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks. [Reply]
Originally Posted by ThaVirus:
Sounds good and safe, thank you.
I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks.
There are NO safe stocks. In a market downturn or correction, even the big company stocks can be cut in half. If this is money you may need in a few years, don't put that on stocks. Example, don't put your emergency savings fund in stocks.
If this is money you may not need for 5+ years, I'd probably choose SPY or some of the big blue chip companies like AAPL, AMZN, V, DIS, MSFT. [Reply]
Originally Posted by ThaVirus:
Sounds good and safe, thank you.
I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks.
Originally Posted by ThaVirus:
My b. I did the same thing earlier in this thread.
I have a traditional IRA!
My company has an option for 401k but they don't match so it doesn't seem worth the hassle.
Couple things, if you're capping out the IRA and still looking to invest, do the 401K. It does not affect your IRA limit and has a 17K cap per year.
The other thing you can do is set up ROTH. That will give you another 6K limit. and Roth is probably smart for the under 50 crowd, which IIRC you are. [Reply]
Originally Posted by ThaVirus:
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.
What are some of your favorites? Best performers over the last few years?
Originally Posted by lewdog:
There are NO safe stocks. In a market downturn or correction, even the big company stocks can be cut in half. If this is money you may need in a few years, don't put that on stocks. Example, don't put your emergency savings fund in stocks.
If this is money you may not need for 5+ years, I'd probably choose SPY or some of the big blue chip companies like AAPL, AMZN, V, DIS, MSFT.
Right. I don't want you to think I'm about to throw every dime I've got in stocks.
It won't be a whole nest egg and it's 100% money that will not be needed any time soon (barring some sort of disaster).
Originally Posted by Buehler445:
Couple things, if you're capping out the IRA and still looking to invest, do the 401K. It does not affect your IRA limit and has a 17K cap per year.
The other thing you can do is set up ROTH. That will give you another 6K limit. and Roth is probably smart for the under 50 crowd, which IIRC you are.
Yeah, I talked about it before but I had an old 401k that was rolled over into what I've learned is a traditional IRA. I've been meaning to get on the ROTH thing for a while now.. and, yes, definitely under 50. [Reply]