Stock Thread 2018

[afm199]

I am pulling 20% out to invest in myself.
Hope it pans out.

I am in the conservative mode as well. Correction may be more than a year away. The Corp tax breaks could fan th fire in 2018.

Yup. You'll do great, Dennis. I have zero doubt.

Lots of corp money coming into the economy next years. Hundreds of billions.

 

[Dubbington]

Sure.

First there are a couple of Australia ETFs, EWA and AUSE, because we'll be moving to Oz soon and I wanted some protection from exchange rate movement. So this is partly a foreign exchange hedge and partly for investment gain.

Then there's my old friend Diageo (DEO) which is a European liquor stock. It's up 84% since I first bought in. I figured that no matter how bad things get, people will always drink.

FSIVX is a Fidelity international index fund with very low fees and has been good to me. It's a mix of growth and income.

And finally FGD which I chose for its geographical and sector diversity and focus on high dividends. It strikes me as a good counter-balance against US investments.

Hope that helps. I'd definitely welcome any other insights for foreign investments.

I started a Roth IRA with T Rowe Price back in 2000 before college and only contributed a few times. I've now set up a monthly deposit of $125. It's one of there projected retirement funds. I've been told I need to find a more aggressive fund.

 

[afm199]

I started a Roth IRA with T Rowe Price back in 2000 before college and only contributed a few times. I've now set up a monthly deposit of $125. It's one of there projected retirement funds. I've been told I need to find a more aggressive fund.

Good. Keep funding.

 

[kuksul08]

As a younger person I am being told that diversification and high risk is necessary to do well. Being too conservative is a bad thing if you're young. Of course you want to shift that towards more conservative things as you get older.

With $5k I would look at putting it in something like MGK. Add $1000 every 2 weeks until you reach $5k.

Also open to ideas here!

 

[2strokeYardSale]

I was looking into the weed stocks until I read about their problem: it's a cash business, banks won't get involved. No banks, no loans. No loans, no growth and expansion. Dead in the water for a business. They aren't going anywhere past mom and pop level.

Maybe Canadian weed stocks are different.

You kids keep contributing to your retirements. You'll get older sooner than you think. I re-started at zero around ten years ago, rode out the great recession, riding the bull market right now (26%), and I'm wondering if my 401k can keep up with inflation and retirement (medical) expenses.

 

[afm199]

As a younger person I am being told that diversification and high risk is necessary to do well. Being too conservative is a bad thing if you're young. Of course you want to shift that towards more conservative things as you get older.

With $5k I would look at putting it in something like MGK. Add $1000 every 2 weeks until you reach $5k.

Also open to ideas here!

Looks like a nice ETF. Owns too much Apple for my taste. But still a good plan for sure.

 

[Removed 3]

I started a Roth IRA with T Rowe Price back in 2000 before college and only contributed a few times. I've now set up a monthly deposit of $125. It's one of there projected retirement funds. I've been told I need to find a more aggressive fund.

you're talking 'bout those target date funds. select the year you are planning to retire and your asset allocation is figured out for ya. not all target date funds are created equal ...

bottom line is, you as an individual have a risk tolerance. if you are not much of a risk taker, then there is no financial adviser in the world who can promise you a formula to amass $1 mill. or more by the time you retire. there is no perfect portfolio. You're always faced with balancing risk and return.


what afm199 says is right. keep funding. there's nothing wrong with what you have if you are happy with its performance. it may seem like an eternity to amass a significant balance, but you will reach milestones and you will feel proud of yourself.

you can also add a more aggressive fund to the mix when you have more to sock away (e.g., from a bonus, salary increase, tax refund)

 

[rodr]

As mentioned in another thread I bought some Altria Group as a conservative play for the coming weed boom. I suspect that once the floodgates open, the little guys will have their lunches eaten by big tobacco and others with the experience and resources to take advantage.

I had to bail on MO today. Wife wants "socially conscious" investments.

Oh well.

 

[UDRider]

When investing in date funds or ETFs keep in mind the costs. They can eat in to your profits FAST!

 

[Dubbington]

Learned that a married couple if collectively have an adjusted gross income of over $190k CANNOT contribute to a roth IRA.

Sooo....in a 8 months when I get married my Roth will cease funding.

Any ideas on what to do? Fiance and I plan on meeting a financial planner soon.

I was going to contribute $2k into it but may hold off now.

 

[Cycle61]

Learned that a married couple if collectively have an adjusted gross income of over $190k CANNOT contribute to a roth IRA.

Sooo....in a 8 months when I get married my Roth will cease funding.

Any ideas on what to do? Fiance and I plan on meeting a financial planner soon.

I was going to contribute $2k into it but may hold off now.

Do you have a 401(k) option at work?

 

[Smash Allen]

Learned that a married couple if collectively have an adjusted gross income of over $190k CANNOT contribute to a roth IRA.

Sooo....in a 8 months when I get married my Roth will cease funding.

Any ideas on what to do? Fiance and I plan on meeting a financial planner soon.

I was going to contribute $2k into it but may hold off now.

that's wrong, for tax year 2018 reductions start at 189 and if you make over 199 agi you don't qualify

i suggest meeting with a financial planner before contributing

if you talking about 2017 taxes, you have until 4/17 and its 186/196

 

[Removed 3]

anyone own shares of Berkshire Hathaway?

When I was younger, I used to think, when I have enough money, I'm going to buy shares so that I can be rich like Warren Buffet! (riding on the coatails of WB)

There are Class A and Class B shares now.
BRK-A is $297,920/shr!
BRK-B is an affordable $198/shr

 

[rodr]

anyone own shares of Berkshire Hathaway?

When I was younger, I used to think, when I have enough money, I'm going to buy shares so that I can be rich like Warren Buffet! (riding on the coatails of WB)

There are Class A and Class B shares now.
BRK-A is $297,920/shr!
BRK-B is an affordable $198/shr

Don't have any but I think you can buy fractional shares.

 

[Brokenlink]

My weed stocks have doubled since I bought them last month. 200 bucks into 400 bucks, just like that.

Soon, I shall be rich. 160k bishes.

 

[Ducky_Fresh]

Ernie - what about the international tech stocks: Tencent, Alibaba, etc. I am reading those are expected to catch up in 2018 and perform similar to our big 4/5 here in the US did in 2017..

 

[Dubbington]

that's wrong, for tax year 2018 reductions start at 189 and if you make over 199 agi you don't qualify

i suggest meeting with a financial planner before contributing

if you talking about 2017 taxes, you have until 4/17 and its 186/196

How was I wrong? I said what you said. If my wife and I make over $190k we cannot contribute to a Roth IRA.

Maybe with deductions to bring our income down we could. While I'm still single I can continue to contribute but once married, we make too much to contribute to an IRA albeit a roth or traditional.

Seems like a low ceiling that cut off especially for bay area couples.

 

[Dubbington]

My weed stocks have doubled since I bought them last month. 200 bucks into 400 bucks, just like that.

Soon, I shall be rich. 160k bishes.

Yes, doing well. I just bought last week and cannot complain.

Looking at Radiant Technologies and Emblem Corp. Cannot decide on which. Radiant (RDDTF) received $15 mil from Aurora which is flying right now.

 

[Cycle61]

anyone own shares of Berkshire Hathaway?

When I was younger, I used to think, when I have enough money, I'm going to buy shares so that I can be rich like Warren Buffet! (riding on the coatails of WB)

There are Class A and Class B shares now.
BRK-A is $297,920/shr!
BRK-B is an affordable $198/shr

Don't have any but I think you can buy fractional shares.

I'm sure there's some method of buying fractional "A" shares, but "B" shares capture the same performance without the voting rights.

Bought them several years ago at about $115, it's been a slow steady climb, with occasional flat years, ever since.

 

[Smash Allen]

that's wrong, for tax year 2018 reductions start at 189 and if you make over 199 agi you don't qualify

i suggest meeting with a financial planner before contributing

if you talking about 2017 taxes, you have until 4/17 and its 186/196

How was I wrong? I said what you said. If my wife and I make over $190k we cannot contribute to a Roth IRA.

Maybe with deductions to bring our income down we could. While I'm still single I can continue to contribute but once married, we make too much to contribute to an IRA albeit a roth or traditional.

Seems like a low ceiling that cut off especially for bay area couples.

whatever bro, congrats on getting hitched