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09-11-2021, 07:27 PM | #11341 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 58,018
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09-11-2021, 07:34 PM | #11342 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Insurance is THE most confusing shit of all.
I don't know jack shit. |
Posts: 52,683
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09-12-2021, 04:34 PM | #11343 |
fides quaerens intellectum
Join Date: Oct 2003
Location: United States
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There has to be an "insurable interest" in order for the contract to be valid. That same interest exists for life insurance situations as well as tangible property. I don't have an insurable interest in my neighbor's life nor his car and therefore would not be able to get a policy over either (or, if the company issues it based on my lies, can void the payout later when I try to enforce it).
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Posts: 15,986
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09-12-2021, 05:37 PM | #11344 |
Grand champ
Join Date: Sep 2007
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I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.
What are some of your favorites? Best performers over the last few years? |
Posts: 45,533
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09-12-2021, 05:39 PM | #11345 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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I feel like the obvious safe answer here is goog or amzn.
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Posts: 143,134
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09-12-2021, 05:45 PM | #11346 |
It's just a ride.
Join Date: Dec 2010
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Besides those two I'd say Tesla as well.
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Posts: 7,642
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09-12-2021, 05:48 PM | #11347 | |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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Posts: 35,465
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09-12-2021, 05:48 PM | #11348 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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AMC is the obvious choice.
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Posts: 11,434
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09-12-2021, 07:45 PM | #11349 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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SPY
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Posts: 58,018
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09-12-2021, 08:32 PM | #11350 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Do you have the boring stuff managed first? A 401k, ROTH IRA? What percentage of your income are you saving for retirement before you move into riskier returns like individual stocks?
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Posts: 46,135
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09-12-2021, 08:44 PM | #11351 |
Grand champ
Join Date: Sep 2007
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Sounds good and safe, thank you.
I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks. |
Posts: 45,533
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09-12-2021, 08:50 PM | #11352 |
Starter
Join Date: Nov 2004
Location: asdf
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A 401k isn’t limited to 6k. You can contribute like 19% to a 401k. A Roth IRA is limited to 6k.
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Posts: 515
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09-12-2021, 08:55 PM | #11353 |
Grand champ
Join Date: Sep 2007
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My b. I did the same thing earlier in this thread.
I have a traditional IRA! My company has an option for 401k but they don't match so it doesn't seem worth the hassle. |
Posts: 45,533
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09-12-2021, 09:10 PM | #11354 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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If this is money you may not need for 5+ years, I'd probably choose SPY or some of the big blue chip companies like AAPL, AMZN, V, DIS, MSFT. |
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Posts: 46,135
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09-12-2021, 10:10 PM | #11355 | ||
Supporter
Join Date: Apr 2007
Location: Scott City KS
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The other thing you can do is set up ROTH. That will give you another 6K limit. and Roth is probably smart for the under 50 crowd, which IIRC you are. |
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