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07-25-2017, 04:01 PM | #1141 |
Fish are scared of me
Join Date: Nov 2001
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XRX has made a good run the last couple years
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Posts: 40,627
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07-25-2017, 06:11 PM | #1142 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 45,919
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07-25-2017, 07:03 PM | #1143 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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My plan is to park money there to see if I can grasp concepts. So I bougjt 70 dollars of this share. Should I schedule an appointment ar the lambo dealership now? Hopefully I can buy a mutual fund index fund idunno the difference. I don't make much money so it will take time
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Posts: 54,399
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07-25-2017, 07:36 PM | #1144 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Saw this chart on reddit today. It's a pretty solid roadmap IMO.
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Posts: 52,156
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07-25-2017, 07:53 PM | #1145 |
a.k.a. Lenny
Join Date: Oct 2004
Location: Smack dab in the middle
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NVIDIA 5 year chart.
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Posts: 1,919
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07-25-2017, 08:05 PM | #1146 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,463
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07-25-2017, 08:18 PM | #1147 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Truly. I'm actually going to build a portfolio. I'm going to have a couple financial advisers but I wanted some Chiefs Planet input. Besides what I do with the advisers I'll end up doing something on my own. Maybe I should do a small portfolio based on the advice from Chiefs Planet.
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Posts: 15,225
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07-25-2017, 08:22 PM | #1148 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Posts: 15,225
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07-25-2017, 08:59 PM | #1149 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,157
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07-25-2017, 09:02 PM | #1150 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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There's always room for tweaking based on the specific situation, but I don't disagree with it. There aren't many other ways to get a 100% rate of return immediately on an investment. Plus, it's good to break the ice on saving for retirement rather than saying "Someday, I'll start."
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Posts: 52,156
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07-25-2017, 09:07 PM | #1151 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Dave Ramsey would agree with you.
I would not, however. You are denying yourself free money without prioritizing Step 2. And If you don't start saving early, those people will never have anything. I will say it depends on how much high interest debt you have compared to your salary though. |
Posts: 45,919
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07-25-2017, 09:24 PM | #1152 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Actually, I was talking about the flow chart. In the long run, I prioritize food over shelter.
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Posts: 142,157
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07-25-2017, 09:54 PM | #1153 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Posts: 52,156
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07-25-2017, 11:11 PM | #1154 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Naturally you won't hear a word about any of that from an adviser because they're after commission. If you're looking for Industries to pile into mutual funds with: I'd stay out of Health Care. It has made a killing, but with all the non-sense, it would scare me. I'd be out on anything Ag. Monsanto may be in some shit with this extend bean and the chemistries shitstorm they've created. They probably won't hurt but they may. Sometime is the time to get into machinery, but I'd try to look for a bounce in the corn price first. Oil industry is in the toilet, I thought there was a decent look there, but crude fell out of bed again, and my understanding is that it is a bloodbath. No idea WHEN to get in, maybe now. I'd look at defense, maybe steel if you're willing to gamble. Another thing I would look at is I wouldn't want to be really heavy in anything that is holding a lot of cash outside the US (Apple, for instance) That is a giant problem for lawmakers that they will at some point have to address, and it may get ugly for some of those companies. Retail might be one to look at as the industry has gotten leaner. I'm pretty dumb when it comes to stocks, but that's what I would do if I were trying to manage things intensively. |
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07-26-2017, 06:16 AM | #1155 | ||
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
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