Stock Advice Thread
- Thread starter dgtatu01
- Start date
Yes, for now. It's big but not safe at 8.7%. Idk if merger rumors with GS changes that or not.
Honestly, at those prices ($23.36 current/$25 purchase), I'd hold for now until roughly 2 weeks or so before earnings date (July 14), and then reevaluate. WFC gained a bad rep because of their business practices over the past few years.
I'm still long on ALLY. Swore I'd stay away from big and regional banks after my butt got toasted during financial crisis. However, current and valuations just seem too attractive right now.
I'm also back into IVZ.
True, but merger usually = good. Even if dividend is halved, still lots of room.
I might take a serious look.
If you buy it I will feel a lot more confident in my purchase because you are very good at bottom fishing.
Thanks. If I purchased WFC at $25, I'd hold, especially with speculation about a GS merger. Current book value = $39.31 per share. That's freaking insane, but I've seen such book/sh backfire on me with non-bank issues even before COVID-19. Target = $32.
Edit, just an FYI, WFC is much more than simple banking. I hold 2 other accounts with their asset management branch, EQ shareholder services and Wells Fargo Asset Management. My DRiP accounts with EQ are ABBV, GIS, RPM and CMCSA. Plus I hold 3 mutual funds via their asset management branch, which were purchased from the old Strong funds.
Yeah, buy for me at these levels.
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I have read this entire thread and I honestly would love to begin investing but most of the lingo and discussion is over my head. I began taking online investment free courses and it just seems like it would take years to learn all this stuff to where I would be comfortable enough to begin investing in large amounts.
I am curious if anyone has any suggestions on that front? Did you all begin investing small at first then over time slowly changed your approach and strategies based on experience?
I have a decent amount of liquid savings in addition to mY IRA and 401k that I would like to invest, I just don’t know where to begin honestly. I have the Robinhood app and I have been researching and looking at multiple sources for weeks wanting to jump in during this time which seems it would be a perfect opportunity I just don’t know where to start.
Any advice would be appreciated. Thanks
I am curious if anyone has any suggestions on that front? Did you all begin investing small at first then over time slowly changed your approach and strategies based on experience?
I have a decent amount of liquid savings in addition to mY IRA and 401k that I would like to invest, I just don’t know where to begin honestly. I have the Robinhood app and I have been researching and looking at multiple sources for weeks wanting to jump in during this time which seems it would be a perfect opportunity I just don’t know where to start.
Any advice would be appreciated. Thanks
Good for you! Your second paragraph sums it up, at first I thought I was a total value investor, then realized it might take a few years to find buyable stocks to meet that criteria. So, I’m a mix of growth and value, though we have a couple of very good, dividend seeking longtime investors here, some veteran option traders, you name it. Reading is good, but not complex material at first, a friend recommended The Wealthy Barber, a pretty good starter if it’s still around. I was lucky to have a couple of local friends to guide me on the front end, but ultimately had to my own thing, make my own mistakes. I’m always open to stock pick suggestions but have my own criteria and various brokers’ ratings to view before deciding to buy, hardest part is when and how much to sell.
I like your last paragraph, exactly my approach and it paid off in retirement because the first 5 years at age 60 I had enough taxable investments to sell at the lower capital gains’ rate and luckily a pension to not touch our IRAs. Then, at 65 I started getting SS, taking out of our Roths, then finally the regular IRAs. I only wish I had put more in our Roths.
Thank you for all of the info. I will def check out the wealthy barber if I can find it. Like you, I hope to be somewhat diverse in my trading style both allocating for long term growth stocks in the steady Fortune 500 type companies, as well as the diamond in the rough or the value picks as I see you have recently done very well with. I am keeping an eye on several of the companies mentioned in this thread for my long term growth, such as Disney and Microsoft, but I haven’t purchased anything yet after moving funds from my savings weeks ago.
Do you use a app like Robinhood? Or an E-trade or Scott Trade account? Does anyone utilize an actual wealth fund adviser or broker?
Sorry if I am asking to mo many questions. Just wanna get started on the right foot. Thanks again for the info.
Ask several questions! Ameritrade bought out my Scottrade, now I think Schwab is in process of taking over Ameritrade...no problem as I retained the good broker ratings’ services Scottrade had. I’m not familiar with Robinhood, have used pay advisory services, most aren’t worth the money. Real-Time has a decent free app with articles and you can list a portfolio or stocks to watch, CNBC has good, free articles daily.
And yes, on the right track with MSFT, could probably buy some soon as it’s been correcting a bit, I own it. DIS, wait on that, lots of competition.
I'll give you some of my thoughts.
I put in a very small amount (100-500) maybe 18-20 years ago. Knew nothing and didn't realize I knew nothing. Bought Kmart!! Bought a Katrina recovery pop up business. That went belly up.
My mistake was looking at small stock prices instead of market capitalization which is what the company is essentially worth and can be compared to other companies.
Bought a mining company at 35 and it went to single digits.
The list goes on.
I stopped investing because I was getting throttled at all turns AND paying $29 a trade! And really had no money to invest.
About 7 years ago I changed jobs and had enough money to save and invest. I still was not educated in investing but knew that I didn't know.
I read as much as I could. Websites mostly. Listened to Motley Fool poscasts. Listened to Suze Orman, Dave Ramsey...
Gathering that info was game changing.
Pay off high interest debts. (You're essentially making 18%, as an example, on that money you owe. Can't expect that from the market)
Have 6 months of expenses in cash. (Had no worries thru this pandemic.)
Start slow. ETF (exchange traded funds) act like stock but give you instant diversification (a hedge if you will). They charge an expense ratio to manage the fund. The more active and focused the fund is, the more you pay. Total stock market or SP500 funds usually only charge .03-.1 which means for every 1000 invested, you pay them $.30 - $1 per year.
This is a good start to match up ETFs
https://money.usnews.com/funds/etfs
Investopedia is a good resource for definitions.
There. I've bored you enough. The first trade is the hardest but it gets easier and can be a lot of fun.
Good luck.
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One other thought, Atrain, I‘m experienced but honestly don’t know if right now is a good time to start investing or the worst time ever, I’m about 50% Cash in an election/virus year.
I agree with this.
I've been sitting out for the past month or so. Things just seem expensive. I'll probably wait another month or so. But will still be adding 25% of the paycheck to 401k when I get back to work this week. I'm a workin' man again!
Very good info here thanks for taking the time. I have begun dabbling in some of the items you listed—Motley Fool, investing podcasts, ETF’s, etc. I do like the idea of ETF’s as a bit of a hedge opposed to a single stock as you referenced.
I just have a more of an aggressive stance than I should honestly which is why I am hesitant to start buying. The main area I have been looking is airlines (Southwest) and energy just in that I have read when everyone gets out you get in. Some of the airlines are over 70% down but I understand the immense amount of risk associated with an investment of that type.
I am going to continue as you advised and just go very slowly and not make impulse or gut buys. That may be my biggest stumbling block once I feel that I understand the lingo and basic functions. I will also look at the market cap as I am comparing moving forward.
It's a good idea (go slow).
As far as energy and airlines, I own NRG and got out of Shell a year back. No airlines.
These seem to be cyclical and require more of a traders mentality. I like to buy and forget. Adding on dips. That's just what works for me.
I use Schwab. Airlines are scary at this point as far as I'm concerned. I learned the hard way on my first trade. I had $1000 to invest originally and i bought T (ATT) shares all at once instead of increments. Unfortunately, it just kept dropping. If i had been smart I would have split that amount up over several days or weeks since the market is swinging wildly. Now, i buy in increments when stocks I like dip down.
The beauty these days is no trade commissions, so you can buy a few shares only (1 or 2 even) of an energy or airline stock if that’s your wants, it will literally force you keep an eye on how that stock moves, when its eps reports generally happen, etc...a competitor/owner is more likely to keep up with something he actually buys (though, you can’t buy everything).
Hope you got in. Up over 10% since Wednesday.
ACB has nearly tripled since Thursday!
Read everything you can. Watch CNBC and Bloomberg.
Learn your risk tolerance knowing your age is also a factor. Only use discretionary funds after all credit card debt is paid off. Save enough for an emergency fund of at least 2 months pay and don't touch it. Take risks if you're young or stable enough to lose the entire investment and can earn it all back.
If under 40, you must open a Roth IRA! Buy an index fund if you must but more risk has its rewards.
I started buying my company stock on the open market waiting on FDA approval of a drug. Once that happened the stock ran and I sold everything. The next thing I remember buying was PG when it got cut in half around 1999. I still own some today but only in an IRA.
Don't buy or sell all at once so starting small is ideal.
Diversify.
Just my 0.02. Good luck!
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Congrats on ACB, my nephew mentioned his was up today re: S Korean acquisition, had no clue about that.
Great move upward today, particularly for leisure stocks, MRNA success excitement, I’m mostly in the “stay at home” stocks, so not up but about 1/2 % overall. Who knows what the full week brings, though.
I’m thinking of moving from 401k to Roth IRA because taxes will probably rise in the next 4-8 years depending on the presidential election results. Not getting political but it’s likely taxes will rise eventually.
You very well could be right. Where I live we haven’t had a tax raise in a long time, good news except our streets and other infrastructure are caving. Nationally, I see no way around it, so good thinking on your part!
Went for more TDOC and DOCU.
Just little add ons. I really expect those to become a big portion of my portfolio over the years. I've done well with them so far...
Sold IRBT today and GRUB last week on it's jump. Didn't think they would ever get back to my buy price. Still have a little left but don't like either anymore.
Just little add ons. I really expect those to become a big portion of my portfolio over the years. I've done well with them so far...
Sold IRBT today and GRUB last week on it's jump. Didn't think they would ever get back to my buy price. Still have a little left but don't like either anymore.
Here is my advice:
Read Paul Mampilly's book : "Profits Unlimited. A Wall Street Insider Reveals the Secret to Life-Changing Wealth". Can get it on Amazon Prime, etc.
In it he reveals: "Building your Financial Future With the Big Profits Unlimited Mega Trends:
He discusses 7 MEGA trends:
1 - The Internet of Things (IoT)
2 - Robotics & Artificial Intelligence - Rise of Robots...Disruptive Tech
3 - Precision Medicine (PM) and Profit From PM Stocks
4 - Millennials
5 - Autonomous Vehicles
6 - Blockchain and Bitcoin
7 - New Energy Technology and Spotting the Energy Company Fueling a 700% Gain.
I discovered Paul M. about 2 years ago and started following him on U-Tube and Twitter, etc. My financial and investing knowledge has taken off exponentially since reading his ideas and insights. He is very interesting and has been very successful on Wall Street, etc.
If you do decide to follow his investment strategy make sure you totally read and understand his 'Rules of the Game' before diving in with your hard earned money.
Who knows...he could change your financial life with his ideas. I can say with certainty that he has changed mine and how I look at the Stock Market in a positive manner whether up or down. Hope this helps you and/or others reading this.
& Good fortune and happy investing to ya!!!
I think that beginners and novices could easily choose a few mutual funds and funnel as much as possible fairly easily.......while they learn more. It’s not too difficult to choose a few good funds. Many people find that they’re content just to stop at this level. An there’s no shame in it. You can easily develop a serious amount of money without having to work for it.
Investing in stocks can lead to much greater returns but you have to learn a few key things......and be disciplined and patient. The best approach is to find good companies at decent prices.....and hold them for a very long time.
For example:
-Let’s talk Microsoft. It’s a massive company. Extremely profitable. Has a decent debt. Has shown a lengthy history of steadily growth. It’s a very diverse company with a stellar name....therefore it has a great moat. Great leadership. And it’s has a fantastic speculated future. If the fair value for the company is about $150 per share......but it’s currently priced at $135......shoot, I’m all over this. Buy, buy, buy.......and the plan to hold it for 20+ yrs and reap the benefits.
-Let’s talk Bob’s Bagels. It’s a small company. Lots of debt. Has shown good growth recently. No moat.....it doesn’t have a great name, it’s not diverse, etc. However, some analysts feel that it’s going to go off within the next couple yrs. I’m not buying no matter what the price. Any interest in this company is purely speculative. Buying this would be like buying a lottery ticket.
The hard part is trying to determine what a fair price for a business is.
Here is my advice:
Read Paul Mampilly's book : "Profits Unlimited. A Wall Street Insider Reveals the Secret to Life-Changing Wealth". Can get it on Amazon Prime, etc.
In it he reveals: "Building your Financial Future With the Big Profits Unlimited Mega Trends:
He discusses 7 MEGA trends:
1 - The Internet of Things (IoT)
2 - Robotics & Artificial Intelligence - Rise of Robots...Disruptive Tech
3 - Precision Medicine (PM) and Profit From PM Stocks
4 - Millennials
5 - Autonomous Vehicles
6 - Blockchain and Bitcoin
7 - New Energy Technology and Spotting the Energy Company Fueling a 700% Gain.
I discovered Paul M. about 2 years ago and started following him on U-Tube and Twitter, etc. My financial and investing knowledge has taken off exponentially since reading his ideas and insights. He is very interesting and has been very successful on Wall Street, etc.
If you do decide to follow his investment strategy make sure you totally read and understand his 'Rules of the Game' before diving in with your hard earned money.
Who knows...he could change your financial life with his ideas. I can say with certainty that he has changed mine and how I look at the Stock Market in a positive manner whether up or down. Hope this helps you and/or others reading this.
& Good fortune and happy investing to ya!!!
I like Mamp as well. He has some good YouTube videos.
I really, really like “Rule 1 Investing” with Phil Towne. He has a host of YouTube videos that help people of any level.
ESG ever a topic?Here is my advice:
Read Paul Mampilly's book : "Profits Unlimited. A Wall Street Insider Reveals the Secret to Life-Changing Wealth". Can get it on Amazon Prime, etc.
In it he reveals: "Building your Financial Future With the Big Profits Unlimited Mega Trends:
He discusses 7 MEGA trends:
1 - The Internet of Things (IoT)
2 - Robotics & Artificial Intelligence - Rise of Robots...Disruptive Tech
3 - Precision Medicine (PM) and Profit From PM Stocks
4 - Millennials
5 - Autonomous Vehicles
6 - Blockchain and Bitcoin
7 - New Energy Technology and Spotting the Energy Company Fueling a 700% Gain.
I discovered Paul M. about 2 years ago and started following him on U-Tube and Twitter, etc. My financial and investing knowledge has taken off exponentially since reading his ideas and insights. He is very interesting and has been very successful on Wall Street, etc.
If you do decide to follow his investment strategy make sure you totally read and understand his 'Rules of the Game' before diving in with your hard earned money.
Who knows...he could change your financial life with his ideas. I can say with certainty that he has changed mine and how I look at the Stock Market in a positive manner whether up or down. Hope this helps you and/or others reading this.
& Good fortune and happy investing to ya!!!
ESG. Not so far that I have observed. Why do you ask? Are you invested in it? If so, how has it done for you?
ESG
What Are Environmental, Social, and Governance (ESG) Criteria?
Environmental, social and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.
What Are Environmental, Social, and Governance (ESG) Criteria?
Environmental, social and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.
ALB might be considered a part of this group because the raw material they mine, lithium, is used in batteries. Not sure I completely agree but I'd like to invest in companies like that because it's a buying trend with younger investors. Not to mention good for the planet.
Thanks for all the good info I will def look into these. I am just over 40 and have a simple and Roth IRA setup thru modern woodmen.
As we head toward the holiday weekend, I’ll mention two with some momentum-TGLVY, Malaysian glove company (the top glove making company in the top glove making country in the world) since I’ve had a hard time during Covid 19 finding nitrile and latrile gloves we often use around the house and ARNC, aluminum sheeting becoming a critical need for various industries.
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