04-09-2021, 08:41 PM
When I first got the refinance cash-out money, I bought a huge number of stocks and funds. What I realized is that even if they all turned out to be good ideas, I just can't absorb that many at once. I monitor my stocks constantly, and I establish a feel for them. I know how they behave on good days and bad days, and whether they tend to ride up or down early or late in the trading day. And with all these new ones, I just can't develop that sense fast enough. So I've already started contracting down to a smaller more manageable amount (with higher balances in each, obviously). My taxes will be complicated next year but it's all imported automatically anyway.
So yeah, I think I will keep a few of the good ones like Target and Accenture, and turn the rest into VIG, and over time, I can start branching out to the other ones again.
I know you're hard on me, but I can take it
We also have different investing philosophies. I would rather take $100k, turn it into $200k, then possibly watch it shrink to $150k in a downturn, as opposed to invest conservatively and turn that $100k into $125k with minimal effect from the downturn. I also am not a full believer in diversification. The goal is to grow the portfolio over time, not to have some do well and some do not as well on any given day/month.
Assuming I keep my job through age 60, the market doesn't have a major downturn, and child support payments end when they should, I shouldn't have any problem hitting my goal. Thanks I appreciate that you are cheering for me!
So yeah, I think I will keep a few of the good ones like Target and Accenture, and turn the rest into VIG, and over time, I can start branching out to the other ones again.
I know you're hard on me, but I can take it
We also have different investing philosophies. I would rather take $100k, turn it into $200k, then possibly watch it shrink to $150k in a downturn, as opposed to invest conservatively and turn that $100k into $125k with minimal effect from the downturn. I also am not a full believer in diversification. The goal is to grow the portfolio over time, not to have some do well and some do not as well on any given day/month. Assuming I keep my job through age 60, the market doesn't have a major downturn, and child support payments end when they should, I shouldn't have any problem hitting my goal. Thanks I appreciate that you are cheering for me!