The Rokslide Stock Traders Thread

[signing off]

Met with my Edward Jones guy to go over my investments.
I have 75k in stocks that are separate my EJ account.
Been sitting on these last 56 years, my Granddad bought us stocks as children. Looking to build a home and thought about selling off the stocks or a portion.

My EJ guy says to use some of the cash I have on hand to do things around the new build. Keep the stocks and do either or both of the following:

Sell and buy cheaper stocks that look like they are going to be good investments. Way, I understand it is I could be able to buy more cheaper stock than the expensive stock I have now?
Sell and put the money in a Roth. I have a trad. IRA and money market account right now through them.

He mentioned my largest stock while doing well, could "peak out" and not make any more money, where cheaper stocks could climb. I do obviously know stocks can tank to zero.
I understand capital gains are taxes I pay, and the capitol loss, I can claim this on taxes??

I don't know much about stocks, and very little about investing. I just keep throwing money in CDs, these EJ accounts and extra in my state retirement.
I don't think the guy is trying to swindle me, just think about a 2nd opinion.

Whether he was swindle you depends on what he guides you to buy . But what I hear is each option that can keep your balance high at EJ is good with him.
Do you have faith in your plans ? Selling and taking money out for what you have planned has to be your call. And then stay the course until they do it.

 

[stevewes2004]

Met with my Edward Jones guy to go over my investments.
I have 75k in stocks that are separate my EJ account.
Been sitting on these last 56 years, my Granddad bought us stocks as children. Looking to build a home and thought about selling off the stocks or a portion.

My EJ guy says to use some of the cash I have on hand to do things around the new build. Keep the stocks and do either or both of the following:

Sell and buy cheaper stocks that look like they are going to be good investments. Way, I understand it is I could be able to buy more cheaper stock than the expensive stock I have now?
Sell and put the money in a Roth. I have a trad. IRA and money market account right now through them.

He mentioned my largest stock while doing well, could "peak out" and not make any more money, where cheaper stocks could climb. I do obviously know stocks can tank to zero.
I understand capital gains are taxes I pay, and the capitol loss, I can claim this on taxes??

I don't know much about stocks, and very little about investing. I just keep throwing money in CDs, these EJ accounts and extra in my state retirement.
I don't think the guy is trying to swindle me, just think about a 2nd opinion.

If you don’t know much about the stock market, the answer is always a quality S&P500 index fund (VOO). If your time horizon is short, then think elsewhere like an income/dividend fund.

As far as building a home, I’d be more inclined to keep money in the market, then borrow at a low interest rate.

Yes, you can claim a loss on taxes, but only $3,000 per year.

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