02-12-2019, 12:43 PM
(02-12-2019, 11:12 AM)fenders53 Wrote: Wish we had more threads like this. I am in a similar place in life. Just rolled over my "life's work" from 401K to Roths just last SEP. l hope this doesn't come off as overly critical because I do mean to help, but this is important so I'll be honest. Imagine me smiling as I type this, trying to stimulate conversation....
-I see nothing but a mutual fund here. Why do you think you can match the pros, or more specifically a dividend oriented mutual fund or ETF?
-I'm all FOR diversification, but do you really think you have 100 good ideas today, or over the course of the next few years? Properly researched stocks? Do you even have 100 average ideas right now? Even Warren Buffet admits he doesn't. This looks like a poke and hope strategy. Cut that list in half and move in slowly and it sounds like a MUCH better to me. Still too many stocks but I am trying to compromise LOL
P.S. I highly approve of your idea of being in safe stuff for the moment. This market is more than iffy even a month from now. I did exactly that and waded in slowly. Thank God for that as the market got smoked about the time I had 25% of my money re-invested after rolling it over. A few months later I am back up by blind luck if I am honest with myself. A LOT of people here can't say they are up 10% for 2018 which I am. Don't stay 100% cashy too long though. Sitting on your hands is rarely a great plan for long.
Thanks, mate! Good stuff to chew on. I moved to 100% safe just to prevent the risk of a 2008 event right before I moved the account. FYI, I dabbled in options and bought a ton of S&P calls the day the market started tanking back then - dang it. Needless to say, I learned to respect the leverage quite a bit! That was painful!
As for the mutual fund comment, I think that's actually what I was driving towards. Maybe I'm misguided, but I wanted to have a ton of diversification to spread risk out. I don't want to actually own a fund, as they siphon off fees in perpetuity. And they're held to the institutional imperative. I just wanted to own quality companies that I think will be around for the next fifty years. So, to elaborate a bit more, the tech stocks (INTC, AAPL) and crazier stocks (TenCent, SoftBank) are the ones where I would just own a very small stake as a lottery ticket - certainly wouldn't put too much into those.
Thanks again for the feedback, you gave me lots to think about!