"GeorgeyBoy" (georgeyboy)
03/17/2014 at 17:29 • Filed to: Stocks
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"GeorgeyBoy" (georgeyboy)
03/17/2014 at 17:29 • Filed to: Stocks | 0
| 22 |
I have some money sitting on the sidelines. Point me to some good investments.
Also enjoy this Enzo.
puddler
> GeorgeyBoy
03/17/2014 at 17:30 |
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battery r&d.
Reigntastic
> GeorgeyBoy
03/17/2014 at 17:30 |
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TSLA.
CRider
> GeorgeyBoy
03/17/2014 at 17:31 |
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Ford GT's, particularly the Heritage Editions.
Sn210
> GeorgeyBoy
03/17/2014 at 17:32 |
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Pay down some debt if you have any?
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GeorgeyBoy
> Reigntastic
03/17/2014 at 17:32 |
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Already made money off Tesla, my broker won't let me buy anymore :(
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GeorgeyBoy
> Sn210
03/17/2014 at 17:33 |
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No debt:)
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GeorgeyBoy
> puddler
03/17/2014 at 17:34 |
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Stock ticker?
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Sn210
> GeorgeyBoy
03/17/2014 at 17:34 |
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Debt free is the way to be!
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GeorgeyBoy
> Sn210
03/17/2014 at 17:35 |
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Trust me, it was hard to do. But I feel great.
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puddler
> GeorgeyBoy
03/17/2014 at 17:36 |
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? i don't play those games, but if i were to invest in something it would be battery r&d. the sooner humans build a lighter, more powerful form of energy storage, the sooner i can stop whining about electric cars.
JustWaitingForAMate
> GeorgeyBoy
03/17/2014 at 17:37 |
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Initial price of $19, now $233. I can't kick myself hard enough that I didn't buy in when they floated.
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GeorgeyBoy
> CRider
03/17/2014 at 17:37 |
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I can't afford a GT, I wish I could.
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GeorgeyBoy
> JustWaitingForAMate
03/17/2014 at 17:38 |
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Bought around $60, sold around $120, can't complain.
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GeorgeyBoy
> puddler
03/17/2014 at 17:39 |
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I'm heavily into natural gas, but batteries no..
I did have Tesla for awhile made quite a profit:)
Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
> GeorgeyBoy
03/17/2014 at 17:56 |
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S&P 500 index fund
/callitaday,retailinvestorsdon'tbeatthemarket
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GeorgeyBoy
> Sn210
03/17/2014 at 18:01 |
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.
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GeorgeyBoy
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
03/17/2014 at 18:02 |
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Sorry, what did you mean. Link was broken.
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Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
> GeorgeyBoy
03/17/2014 at 18:13 |
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Stick it an an index-fund ETF, or find a solid peforming mutual fund and find a low-expense ETF that tracks that fund's benchmark.
Retail investors, by and large, don't beat the market and almost always underperform the market over time when trying to pick their own stocks. They buy at the wrong times and sell at the wrong times and have neither a conception of proper value investing nor the time and energy to devote to trading on technicals.
Trying to do your own stock picking is a fun way to waste some time and money, but if you're really trying to make money, shoving your funds in a low-expense, broad-spectrum ETF is a way better use of your time and your money. The compounding effect of getting money in fund now and leaving it there until retirement is worth far more than you'll ever make by trying to pick one or two trendy stocks and riding them to their peak(s). Yes, you lose out on the thrill of looking at your portfolio and going "Damn, I've doubled my money in 4 months!", but you also won't have to go through the pain of looking at your portfolio and going, "Damn, I've halved my portfolio in 4 months!". Plus, you get the added benefit of shoving money in month after month and not having to constantly worry about it. You look at your balance once a month instead of once every 4-6 hours, and that's way better for your psychological health.
If you're dying to play with picking individual stocks, then toss 90% of your savings into an index-tracking ETF and then play with the other 10%.
Examples of good broad-specturm ETFs:
Vanguard S&P 500:
https://personal.vanguard.com/us/funds/snaps…
Vanguard Small-Cap Growth (great for younger investors, re: >50 years old):
https://personal.vanguard.com/us/funds/snaps…
Vanguard Healthcare Index fund. This tracks a popular and successful Fidelity mutual fund that benchmarks a biotech index, except it does so with a much smaller expense ratio and much easier entry/exit:
http://money.usnews.com/funds/etfs/hea…
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GeorgeyBoy
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
03/17/2014 at 18:20 |
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Funny, I just got out of a few mutual funds and ETFs. I put some of it into a convertible and income fund (NCZ). I'm with Raymond James so they offer a few nice mutual funds with no tax or fee.
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Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
> GeorgeyBoy
03/17/2014 at 18:33 |
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Very nice, low-expense funds are where it's at. 1-1.5% doesn't seem bad, but when you pay that annually on a decent sized investment (call it a lifetime weighted average of $1-1.5 million or so), after factoring in the effects of compounding, you're talking about $500,000 over the course of a career of saving.
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GeorgeyBoy
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
03/17/2014 at 21:05 |
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I'll bring about the talk of ETFs with my broker, I really just want to put this money to good use. If it is in a slow growing mutual I don't even care, as long as it is growing.
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Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
> GeorgeyBoy
03/17/2014 at 22:56 |
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Mutuals are fine, you just have to do your homework to make sure they're not underperforming their benchmark and, more importantly, get a good grip on all of the fees associated. Mutuals are notoriously bad about making shitty, difficult to follow disclosures regarding fees (although they're getting better).