The Rokslide Stock Traders Thread

[007hunter]

I'm slowly buying back into index funds. I went to all cash 2 weeks ago as I sure wasn't holding through this correction. All my individual stock picks are short term holds and with this volatility, I've got not interest in trying to guess which way things are going to move. Should also be interesting to see what happens with yields this low.

 

[5MilesBack]

For those that have been investing in stocks etc for awhile, can anyone recommend some places for me to do some research on this, never having invested before? Things to look into, things to stay away from for a newbie?

First things first.......always contribute to a Roth IRA first. All withdrawals will be tax free.....unless our greedy government decides to change that or just take them first.

Next would be employer sponsored retirement accounts........some of these are Roth now as well, the non-Roth have pre-tax employee contributions.......but all withdrawals are taxed.

I would stick with index funds for these accounts. And then if you still have disposable income that you'd like to invest, you can try some individual stocks.

 

[Trial153]

For those that have been investing in stocks etc for awhile, can anyone recommend some places for me to do some research on this, never having invested before? Things to look into, things to stay away from for a newbie?


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First bit of advise. Be wary of advise you receive on hunting forums.


For example the Roth vs Traditional IRA adivise.

 

[5MilesBack]

For example the Roth vs Traditional IRA adivise.

Can you elaborate?

You definitely need to know the differences between the two, and both the short term and long term ramifications of both.

 

[Doc Holliday]

For those that have been investing in stocks etc for awhile, can anyone recommend some places for me to do some research on this, never having invested before? Things to look into, things to stay away from for a newbie?


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If you are not familiar with the markets, your best bet is to check out the bogleheads forum, where you can get advice on an allocation of index funds. Index funds are ideal for the vast majority of people in the world because they: A. don't know what they are doing AND/OR B. can't stomach the volatility associated with individual stocks AND/OR C. don't have or want to spend the time necessary to follow the markets. You won't have as much upside as investing in individual stocks, but you won't have as much risk either. Low beta through diversification.

 

[Old_Navy]

First bit of advise. Be wary of advise you receive on hunting forums.
What he said !

Now my 2 cents, wait we have'nt seen the bottom yet.
we can easily see another 10 to 15 % drop. The US numbers for infected & deaths showing
a rising curve the CDC has no clue as to the extent of the threat, Only about 2k tests
have been run. South Korea is doing 10 K a day.

For picks, these have worked for me
ABNFX
FRDAX
IWF

WM has been real good, but I got a load when it was @ 91.50
if it comes down a bit, it will still be a good long term choice. No matter what
COVID-19 does, people still need trash pick-up

to park short term cash
GSY


For money you won't need for 5+ years, Pick up small chunks of BRK-B
if it breaks below 200.00. More if it hits 195.00

The virus will end eventually & trade will come back.

 

[AkandHi]

What is your APR on your individual stocks?

 

[hodgeman]

I'm buying the same stuff at the same rate that I always do...that's how dollar cost averaging works over the long haul. Just cause the tide went out for a few weeks doesn't mean much of anything over the life of an average investor.

The key to successful investment is temperament- making a good plan and sticking with it despite what the market does. Market timing is largely a sucker's bet. You do risk management through diversification and asset allocation a long time before you get these market shifts.

 

[Farmingdale's Finest]

When the Coronavirus hit initially was watching closely with close to seven figures in my 401k and said been doing great seen the big crash and capitalized heavy since contributing 25% of pay for over 15 yrs and crazy shit going on in politics...not going to risk it on the balance and will gamble with new money till retirement of another 125k...mine will be our guaranteed money to draw from over social security.....we then will gamble with the mrs 401k in addition that is half mine with a Roth for her as well.......I tend to error on the conservative side not taking frontal shotscost me a few more six points but I am ok with thatI’m coming on 57 no house payment one car payment and married to a smart lady who started us on a budget 37 yrs ago and let me fill my basement with elk antlers I likely won’t shoot 3 bulls in a season again and I won’t see a big chunk of retirement shrink on crazy shit in the marketView attachment 159729

It sounds like you are doing well. The only thing is that there is better than 50% chance if you are of average health either you or your wife will live to your mid 90's so if you are in cash you are losing purchasing power when you look at the historic average of inflation being 3%. Today people may be retired as long as they worked and most don't have the means to cover a retirement period that long especially today because most of us don't get pensions anymore.

 

[Tahoe1305]

This bores me.

Who’s up for Craps in Vegas?

jk good thread.

 

[Maverick1]

I have said it before. No one ever has successfully timed the market consistently. Money on the sidelines is being lost via inflation. Look up bogleheads and read the book. Invest in a boring three fund, low cost portfolio. Fire your "helpers" (financial advisor types). Set your allocation. Sleep well at night with slow steady growth. Don't overthink it.

This is about it. Go with the 3 fund portfolio. That’s what most everyone should go with. The “professionals” that try to time or beat the market almost always lose. Read the book. It is worth it.

 

[Molon Labe]

Nothing has changed for me. And shouldn’t for anyone else either...unless you have not put a plan together or just happened to have a major life changing event happen in the recent future. I will continue on my path based off my risk profile and timeline.

The market can jump tomorrow or dip again. We can’t predict market movement.

The market is efficient.

 

[skywalkr]

For those that have been investing in stocks etc for awhile, can anyone recommend some places for me to do some research on this, never having invested before? Things to look into, things to stay away from for a newbie?


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It’s all about index funds. Google Jack Bogle and look at his philosophy. There are basically three index funds to buy and how much you have in them depends on age. Right now a cheap S&P index fund is the way to go. Individual stocks isn’t worth it for 95% of people.

 

[Pk_in_Dallas]

INO call options. Made a pot pull the past month.


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[Beendare]

I started nibbling too early.....and my thoughts have changed since due to Covid-19, world economy and Oil. I'm going to wait.

This last OPEC type meeting proves is going to get ugly with oil........the Saudis could be the start of WWIII. Rounding up all of the royals and putting them under guard while ramping up production in a low demand environment is going to really hurt the Russians...and the Shale Companies in the US.

This Saudi prince is a nut case. I wouldn't be surprised if he comes down with a case of radiation sickness.

_____

 

[Trial153]

I used 25% of my cash reserves and bought off my list a cross section of equity’s I thought were undervalued. My plan was to keep dollar cost averaging in. The rate cut made me slam on the brakes. A half a point cut two weeks before a scheduled fed meeting scares the shit out of me. Keep telling me everting is ok while you pile sandbags in front of the bunker and even I can take that hint.

 

[EastMT]

I started nibbling too early.....and my thoughts have changed since due to Covid-19, world economy and Oil. I'm going to wait.

This last OPEC type meeting proves is going to get ugly with oil........the Saudis could be the start of WWIII. Rounding up all of the royals and putting them under guard while ramping up production in a low demand environment is going to really hurt the Russians...and the Shale Companies in the US.

This Saudi prince is a nut case. I wouldn't be surprised if he comes down with a case of radiation sickness.

_____

Yes, ramping up oil production by 10% when everyone wants to cut is going to put the hurt on energy stocks. CNBC has an article thinking oil in the $20’s. While that will be good for hunting season and road trips, not good for stocks. I’m still waiting, no hurry.

 

[Mighty Mouse]

This last OPEC type meeting proves is going to get ugly with oil........the Saudis could be the start of WWIII. Rounding up all of the royals and putting them under guard while ramping up production in a low demand environment is going to really hurt the Russians...and the Shale Companies in the US.

This Saudi prince is a nut case. I wouldn't be surprised if he comes down with a case of radiation sickness.

Everything I've read indicates that Russia took the first step toward a price war by refusing to consent to the production cuts proposed by Saudi Arabia at last week's meeting. Regardless, neither country, nor the rest of OPEC, holds nearly as strong an influence over oil markets as they did in the past. I'd say demand in China has more impact on oil prices than relatively minor fluctuations in OPEC/Russia supply. Both sides of the supply/demand equation are currently trending toward lower prices, but I think a 50+% decline to $20 per barrel is unlikely. Coronavirus pandemic and an associated oil price collapse are just the doom-and-gloom du jour right now.

 

[30338]

Dollar cost average into stock index funds for 3 decades or so. Don't worry about market timing. Save at least 15% of your income. Take out 15 year mortgages. Enjoy life along the way. Enjoying life does not equal spending all your money, or worse money you do not have. Advice from an older guy, worth what it cost you.

 

[Rmauch20]

I started nibbling too early.....and my thoughts have changed since due to Covid-19, world economy and Oil. I'm going to wait.

This last OPEC type meeting proves is going to get ugly with oil........the Saudis could be the start of WWIII. Rounding up all of the royals and putting them under guard while ramping up production in a low demand environment is going to really hurt the Russians...and the Shale Companies in the US.

This Saudi prince is a nut case. I wouldn't be surprised if he comes down with a case of radiation sickness.

_____

The prince definitely seems like a wild card. But if it drives fuel prices down I’m all for it. Might as well enjoy it while you can.