Stock Advice Thread

[LineSkiCat14]

Very good, the key is figuring yourself as an investor, takes time to get the full look, you already are thinking in between two extremes, nothing wrong with occasionally getting off the track, IMO, keeps investing life more interesting!

Nice. Yeah I already have 10% (and 4% match) going to a 401k and a Roth IRA. I actually had to pull that back from 15% because I simply need more cash flow for another down payment. Admittedly, investing (AFTER my retirement accounts) is to fund real-estate. Not sure that's a great idea in the long run.. but for now I'm just starting to dabble here and there. Seems a lot of great value to be had now, if you're willing to sit for a few years!

 

[jameslee32]

I have some dividend stocks in my trading portfolio but I generally take more risk than the IRA's without actually trading a lot. I counted 7 sell orders last year. I see these funds as truly discretionary but still with a long term strategy since it's not my emergency fund. However this year was ripe for trading so I've done much more than expected given the 35% loss in the S&P 500 in March.

 

[jameslee32]

Nice. Yeah I already have 10% (and 4% match) going to a 401k and a Roth IRA. I actually had to pull that back from 15% because I simply need more cash flow for another down payment. Admittedly, investing (AFTER my retirement accounts) is to fund real-estate. Not sure that's a great idea in the long run.. but for now I'm just starting to dabble here and there. Seems a lot of great value to be had now, if you're willing to sit for a few years!

Real estate is booming right now! Very ripe for selling. The rental market is shaky with so much unemployment but every situation is different of course. Good luck!

 

[LineSkiCat14]

Real estate is booming right now! Very ripe for selling. The rental market is shaky with so much unemployment but every situation is different of course. Good luck!

Really wish more people here were in the business, especially the landlord side.

A lot of people are experiencing slowdowns from banks for purchasing and refi.. I bet because they are swamped with everything. My bank has slightly higher rates, but extremely low closing costs.. and I still was able to grab a 3%/15y refi. A lot of foreclosure's, people selling because of job loss, etc. A lot of opportunities if your finances are in order. Take advantage of someone having to fire sale.

You're right, some landlords are losing their minds. But, if you're a good landlord, you should be able to navigate accordingly. I've set up a scenario where my tenant(s) will never want to leave (10% lower rent, some rent forgiveness).. if she wanted to gamble and say "I'm not paying rent because you can't evict me", she (and any tenant) will just be evicted the second the timeframe is over.

I'd rather lose that 10% in rent and avoid tenant turnover, plus keep a tenant that I want.. any day of the week. Raising rent is verrrrry tricky.

 

[Juvellino]

I have a 6 month emergency fund in a “high yield” savings account. I contribute 15% to my 401k. I max out my IRA. I have a little bit of money reserved for day trading and swing trading. I have money reserved to utilize bank bonuses for opening new accounts. The bank bonuses are basically my side hustle.

I’m trying to figure out what to do with the rest. The money that is left over from every pay check after my bills are paid. I’m thinking of using it for “medium term investing”.

 

[lz]

I have a 6 month emergency fund in a “high yield” savings account. I contribute 15% to my 401k. I max out my IRA. I have a little bit of money reserved for day trading and swing trading. I have money reserved to utilize bank bonuses for opening new accounts. The bank bonuses are basically my side hustle.

I’m trying to figure out what to do with the rest. The money that is left over from every pay check after my bills are paid. I’m thinking of using it for “medium term investing”.

Roth maxed, too?

 

[lz]

Really wish more people here were in the business, especially the landlord side.

A lot of people are experiencing slowdowns from banks for purchasing and refi.. I bet because they are swamped with everything. My bank has slightly higher rates, but extremely low closing costs.. and I still was able to grab a 3%/15y refi. A lot of foreclosure's, people selling because of job loss, etc. A lot of opportunities if your finances are in order. Take advantage of someone having to fire sale.

You're right, some landlords are losing their minds. But, if you're a good landlord, you should be able to navigate accordingly. I've set up a scenario where my tenant(s) will never want to leave (10% lower rent, some rent forgiveness).. if she wanted to gamble and say "I'm not paying rent because you can't evict me", she (and any tenant) will just be evicted the second the timeframe is over.

I'd rather lose that 10% in rent and avoid tenant turnover, plus keep a tenant that I want.. any day of the week. Raising rent is verrrrry tricky.

I have a brother-in-law who bought 11 fairly upscale rental homes in Fl when they had the housing recession early 2000s, has really paid off for him despite paying management fees. Timing.

 

[Juvellino]

Roth maxed, too?

My Roth IRA is maxed and my 401k is not maxed. I put 15% of my paychecks in 401k.

 

[LineSkiCat14]

I have a brother-in-law who bought 11 fairly upscale rental homes in Fl when they had the housing recession early 2000s, has really paid off for him despite paying management fees. Timing.

Thats the dream right there. Still a lot of work even with a property manager, because who manages them? And with 11 properties, youre probably always going to have some units unrented, so your cash flow can have hugeee fluctuations. Can i ask how many units he has total? For where I live, a 2-unit house can give you $1,800 to $2,400 a month in rents. Obviously you have taxes (income abd property), mortgage and insurance off the top. And then any repairs. But you also have a very safe asset. You can make a solid living after by 7 or 8 units.

 

[AustinTXCat]

I have a 6 month emergency fund in a “high yield” savings account. I contribute 15% to my 401k. I max out my IRA. I have a little bit of money reserved for day trading and swing trading. I have money reserved to utilize bank bonuses for opening new accounts. The bank bonuses are basically my side hustle.

I’m trying to figure out what to do with the rest. The money that is left over from every pay check after my bills are paid. I’m thinking of using it for “medium term investing”.

I also open new accounts (savings, checking, credit card) as a side hustle. Plan on taking advantage of the Chase offer soon. Capital One money market has been great.

What to do with the rest: Good question. Fundrise is one idea. Might also check out DiversyFund. I may form an LLC soon and flip domain names as part of a much broader web properties strategy. Many ideas out there.

 

[BlueRaider22]

Actually, follow up question: What do you use to monitor your stocks? I've always liked Personal Capital.. But it doesn't seem to be a great tool for an actual stock's performance I'm finding out.

I enjoy Seeking Alpha (although it can be wordy and dense), Yahoo Finance (go figure) and have a subscription to Kiplingers/Money just for general personal finance.

I have access to Fidelity's analysts/reports because that's who my accounts are with. And I also have a Seeking Alpha account. I probably follow SA on a more regular basis and look at Fidelity if I'm close to a transaction.

 

[lz]

My Roth IRA is maxed and my 401k is not maxed. I put 15% of my paychecks in 401k.

I like those advising only max up to the 401K match, needed cash flow to live some, keep my wife and me happy with travel, etc, and that’s what I did in my working days. I built up a Roth and a taxable brokerage account with spare Cash for buying/selling stocks since only mutual funds could be selected for 401Ks back in those days. That was how I learned to invest, had to pay those pesky capital gains’ taxes, but used the $100,000 I slowly built up to supplement my pension at retirement age 59 for me. I rolled over our 401Ks into IRAs, have had lots of tax free trading fun with those.

 

[lz]

Thats the dream right there. Still a lot of work even with a property manager, because who manages them? And with 11 properties, youre probably always going to have some units unrented, so your cash flow can have hugeee fluctuations. Can i ask how many units he has total? For where I live, a 2-unit house can give you $1,800 to $2,400 a month in rents. Obviously you have taxes (income abd property), mortgage and insurance off the top. And then any repairs. But you also have a very safe asset. You can make a solid living after by 7 or 8 units.

He lives in a very nice gated community in Lakeland, Fl, know he bought 4 or 5 homes there, fairly new at the time, not sure where he bought the other units, 11 total with plans to leave 8 of them to two daughters. Knowing him, he was very careful selecting a top property manager. Lakeland’s location is ideal, little hurricane damage being inland and attractive to those doing business in Tampa or Orlando. He had a couple of rental properties when he lived in South Bend, so he was experienced.

 

[AustinTXCat]

I bought HBI, not only did Cramer brag about their popular masks this AM, but I realized the only colored tee shirt in my closet that has retained its looks and shape the last few years has been the one I bought from Hanes, bought 6 more.

<- - - - Purchased HBI on 03/30 at $7.80. Enjoying the dividend.

Hanes socks and underwear are good value. Amazon sells packs of 500 Hanes masks for $500 if you have a business account.

HBI up another 15% today. Thanks Mr. Cramer.

 

[AustinTXCat]

He lives in a very nice gated community in Lakeland, Fl, know he bought 4 or 5 homes there, fairly new at the time, not sure where he bought the other units, 11 total with plans to leave 8 of them to two daughters. Knowing him, he was very careful selecting a top property manager. Lakeland’s location is ideal, little hurricane damage being inland and attractive to those doing business in Tampa or Orlando. He had a couple of rental properties when he lived in South Bend, so he was experienced.

Small world. My little brother owns rental property in Lakeland, FL. He's also a Publix employee.

 

[LineSkiCat14]

Small world. My little brother owns rental property in Lakeland, FL. He's also a Publix employee.

Wait.. Was your brother boning LZ's sister? Small world!

 

[BlueRaider22]

I like those advising only max up to the 401K match, needed cash flow to live some, keep my wife and me happy with travel, etc, and that’s what I did in my working days. I built up a Roth and a taxable brokerage account with spare Cash for buying/selling stocks since only mutual funds could be selected for 401Ks back in those days. That was how I learned to invest, had to pay those pesky capital gains’ taxes, but used the $100,000 I slowly built up to supplement my pension at retirement age 59 for me. I rolled over our 401Ks into IRAs, have had lots of tax free trading fun with those.

Agreed.

Depending on your age you want 15% or more to retirement accounts.
#1 - contribute enough to 401k to catch the match
#2 - Build up 3-6 month emergency cash fund and eliminate high interest debt
#3 - max out Roth-IRA
#4 - contribute the rest to 401k
#5 - Fund portfolio

 

[LineSkiCat14]

Small world. My little brother owns rental property in Lakeland, FL. He's also a Publix employee.

Did he work in corporate for Publix? That's crazy if he was a regular Publix employee and was able to build rental income.

I just looked a a 3-unit in Lakeland.. and the taxes are $100/month, and it was one of the nicer multi's on the market. That would be $6-700/month in Albany NY. **** this state.

 

[Lamar Card]

After the March drop I rode the wave back up to within .5% of my high point by going from 60% stock to 90% stock.

At that point, I bought into the idea that a second drop like the one in March was a sure thing. I stair stepped my stocks down to 0% with 50% cash and 50% bonds. I am currently at 3.5% of my high point as I lost some stock money while stair stepping down to 0% a few weeks ago.

I have bought back into 10% stocks and plan to stair step my way back to 60%. All the while keeping my eye out for the bear.

Does anyone else feel that bear is lurking or do you think the bull is in control of the market?

TIA for your feedback.

 

[lz]

Small world. My little brother owns rental property in Lakeland, FL. He's also a Publix employee.

Visited a store near by a few times, I believe it’s very close to their home office.

 

[lz]

After the March drop I rode the wave back up to within .5% of my high point by going from 60% stock to 90% stock.

At that point, I bought into the idea that a second drop like the one in March was a sure thing. I stair stepped my stocks down to 0% with 50% cash and 50% bonds. I am currently at 3.5% of my high point as I lost some stock money while stair stepping down to 0% a few weeks ago.

I have bought back into 10% stocks and plan to stair step my way back to 60%. All the while keeping my eye out for the bear.

Does anyone else feel that bear is lurking or do you think the bull is in control of the market?

TIA for your feedback.

Bull not in control, IMO, too much uncertainty, don’t think a pure Bear is lurking, just big swings up and down until a vaccine happens. Covid is in control, Cramer this AM was amazed how fast several stay at home stocks sold off just because vaccine test results look good...way too early to know anything, I’m holding to most of those, though not over buying them either, just getting a mix of stocks. I suppose bonds are ok to mix short to mid term, but beware them when interest rates inevitably go up.

 

[buckethead1978]

Anyone done any fractional stock purchasing?

I'm thinking about introducing my stepdaughter to saving money. Thought it might be a neat way to show her how stocks and index funds work

 

[lz]

Wait.. Was your brother boning LZ's sister? Small world!

My sisters in law too old for him!

 

[lz]

Drip plans, maybe? I got a few stocks that way when I first started investing, soon tired of the inflexibility, but she’s probably much younger than I was then....https://www.dividend.com/how-to-invest/top-10-dividend-stocks-offer-no-fee-drips/

 

[jameslee32]

I like those advising only max up to the 401K match, needed cash flow to live some, keep my wife and me happy with travel, etc, and that’s what I did in my working days. I built up a Roth and a taxable brokerage account with spare Cash for buying/selling stocks since only mutual funds could be selected for 401Ks back in those days. That was how I learned to invest, had to pay those pesky capital gains’ taxes, but used the $100,000 I slowly built up to supplement my pension at retirement age 59 for me. I rolled over our 401Ks into IRAs, have had lots of tax free trading fun with those.

Love the hustle in this thread.

I hear ya lz! I didn't fund my IRA's at all like I normally do around tax time. Too much uncertainty and cash is king!

We contributed all year to our 401k's and the wife's Roth though. And yes, up to the match with the 401k's with more money in cash and in the TD trading account. Those reserves are up to about 17% of our retirement assets meaning I have the possibility of retiring soon if I want to.

 

[jameslee32]

After the March drop I rode the wave back up to within .5% of my high point by going from 60% stock to 90% stock.

At that point, I bought into the idea that a second drop like the one in March was a sure thing. I stair stepped my stocks down to 0% with 50% cash and 50% bonds. I am currently at 3.5% of my high point as I lost some stock money while stair stepping down to 0% a few weeks ago.

I have bought back into 10% stocks and plan to stair step my way back to 60%. All the while keeping my eye out for the bear.

Does anyone else feel that bear is lurking or do you think the bull is in control of the market?

TIA for your feedback.

I think it could be choppy until a vaccine comes about. Possibly another leg down around election time but longer term the best of the best company's will prosper no matter what. So 60/40 seems very reasonable to me for someone over 40. One thing I would never do is get completely out of stocks. They just seem to move so quickly and makes it almost impossible to time.

 

[lz]

Love the hustle in this thread.

I hear ya lz! I didn't fund my IRA's at all like I normally do around tax time. Too much uncertainty and cash is king!

We contributed all year to our 401k's and the wife's Roth though. And yes, up to the match with the 401k's with more money in cash and in the TD trading account. Those reserves are up to about 17% of our retirement assets meaning I have the possibility of retiring soon if I want to.

Great position to be in, a bout with cancer in 1993 helped me to decide not to wait longer than I needed, wanted to enjoy retirement and have done so since 2007. Some friends prefer working and staying busy, no hobbies, that’s fine, too.

 

[Lamar Card]

I think it could be choppy until a vaccine comes about. Possibly another leg down around election time but longer term the best of the best company's will prosper no matter what. So 60/40 seems very reasonable to me for someone over 40. One thing I would never do is get completely out of stocks. They just seem to move so quickly and makes it almost impossible to time.

I was 100% stocks for my complete investing experience until I hit 60. I will be 66 in September and this move was more about protection than growth.

 

[Get Bucket$]

After the March drop I rode the wave back up to within .5% of my high point by going from 60% stock to 90% stock.

At that point, I bought into the idea that a second drop like the one in March was a sure thing. I stair stepped my stocks down to 0% with 50% cash and 50% bonds. I am currently at 3.5% of my high point as I lost some stock money while stair stepping down to 0% a few weeks ago.

I have bought back into 10% stocks and plan to stair step my way back to 60%. All the while keeping my eye out for the bear.

Does anyone else feel that bear is lurking or do you think the bull is in control of the market?

TIA for your feedback.

Would love to hear what all this attempted timing of the market does after the dust settles.

 

[Lamar Card]

Would love to hear what all this attempted timing of the market does after the dust settles.

Today was ok for me. Bonds earned more than my stocks lost. More states shutting down. Schools not likely to open. College football looking more like a no compete. 1.3M workers filed new unemployment claims. Airlines asking for more bailout money. UA to layoff 36k. AA to layoff 25k. Delta hopes to avoid layoffs with 17k volunterring for a buyout. Southwest which has never had a layoff says it will be hard to avoid. The current $600 weekly unemployment supplement comes to a halt on 7/25. Congress back in session on 7/20.

 

[jameslee32]

Great position to be in, a bout with cancer in 1993 helped me to decide not to wait longer than I needed, wanted to enjoy retirement and have done so since 2007. Some friends prefer working and staying busy, no hobbies, that’s fine, too.

Glad you made it thru that and stay safe thru this one.

 

[lz]

Today was ok for me. Bonds earned more than my stocks lost. More states shutting down. Schools not likely to open. College football looking more like a no compete. 1.3M workers filed new unemployment claims. Airlines asking for more bailout money. UA to layoff 36k. AA to layoff 25k. Delta hopes to avoid layoffs with 17k volunterring for a buyout. Southwest which has never had a layoff says it will be hard to avoid. The current $600 weekly unemployment supplement comes to a halt on 7/25. Congress back in session on 7/20.

And I suspect Bucket’s head is in a bucket because his index funds got nailed the last 2 days.

 

[Get Bucket$]

And I suspect Bucket’s head is in a bucket because his index funds got nailed the last 2 days.

Baha actually didn’t even know that as I am typically unaware of daily fluctuations

 

[AustinTXCat]

Did he work in corporate for Publix? That's crazy if he was a regular Publix employee and was able to build rental income.

I just looked a a 3-unit in Lakeland.. and the taxes are $100/month, and it was one of the nicer multi's on the market. That would be $6-700/month in Albany NY. **** this state.

He's been with Publix for 21 years, 3 years at corporate. He started as a bag boy. Worked into a produce position. Managed a produce dept at an Orlando store for several years. Moved into district management and finally to corp office.

 

[LineSkiCat14]

I also open new accounts (savings, checking, credit card) as a side hustle. Plan on taking advantage of the Chase offer soon. Capital One money market has been great.

What to do with the rest: Good question. Fundrise is one idea. Might also check out DiversyFund. I may form an LLC soon and flip domain names as part of a much broader web properties strategy. Many ideas out there.

Hey can you elaborate? Do you really switch around Savings Accounts to get that $300 offer? I've thought about doing that, but wasn't sure if it was worth it, and I had this dumb feeling that doing something like this would come back to haunt me. How do you do this with CC's though? Just moving the balance over to the other for the introductory period.

 

[LineSkiCat14]

I read that Apple will be shedding Intel as their processor in favor of Arm. Most think it's bad news, but found this to be interesting.

https://www.marketwatch.com/story/i...e-as-a-customer-would-be-good-news-2020-06-15

Only a small hit, and Intel doesn't need to focus on Apple's demands. Intel will focus more of it's time on the data center side of things.. as an IT Guy I can safely say, that's where the money's at. We are moving apps and systems to the cloud, constantly. I actually wonder what Apple's future is for it's laptops.. because at some point.. your laptop/desktop is really just going to be a "dumb client" that's connecting to various cloud front ends for work.

 

[AustinTXCat]

Hey can you elaborate? Do you really switch around Savings Accounts to get that $300 offer? I've thought about doing that, but wasn't sure if it was worth it, and I had this dumb feeling that doing something like this would come back to haunt me. How do you do this with CC's though? Just moving the balance over to the other for the introductory period.

Check out Doctor of Credit regarding savings, checking account and credit card hustles or churning. I've earned $516 in bonuses over the past 2 years. I could earn more if I really applied myself and tied up more cash. Mr. Money Mustache Share Your Badassity is another good resource.

 

[jameslee32]

Made me click those links to prove they're real. lmao

 

[rbs]

RMBL up 200% today

 

[AustinTXCat]

Made me click those links to prove they're real. lmao

Quite real and very informative sites. Bank account churning thread = gold.