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Short Term DGI - Plateauing Stocks
#11
(05-13-2021, 11:27 PM)EricL Wrote:
(05-13-2021, 08:34 PM)fenders53 Wrote: DE is a good example as well.  I know exactly no one that predicted a run like that.  They were laying workers off shortly before Covid.  

Your description of plateau would be helpful.

Ugh, don't remind me of that one.

Now up 330% since I sold in August of 2016 for "better" ideas.

It would now be the biggest position in my portfolio had I not sold...

My 2015-2016 ROTH portfolio consisted of Amazon, Netflix, Tesla, among others ... so yeah, I hear you!
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#12
Really appreciate everyone’s perspective in regards to my question. Was on the verge of selling but some strong arguments were made to hold so that’s my game plan going forward.

The only stock restriction in my 401K is actually DAL stock. I can buy any other airline stock or ETF but DAL is off limits for some reason. I’ve been dabbling in airline stock and have done well. Been focusing more on domestic leisure based outfits though because larger airlines like Delta depend so much on business class and international bookings that it’s going to be a while before they begin to resemble their pre-COVID profit margins.

I am good about cost averaging down but admittedly have an itchy trigger finger when it comes time to sell and often dump everything in one fail swoop. Not sure why because the logic of cost averaging down holds water in the other direction as well.

Again, thanks your inputs. I’m not as experienced as y’all but will contribute here and there in the forum when I feel I can add value. Thanks!
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#13
Your 401k plan is awesome! I've never seen one that allows IRA-like stock buying. I have my entire 401k in an S&P 500 index fund, because everything else frankly sucks.

Feel free to share specifics of the DGI stocks you are wondering about keeping or selling.
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#14
(05-14-2021, 12:30 PM)ken-do-nim Wrote: Your 401k plan is awesome!  I've never seen one that allows IRA-like stock buying.  I have my entire 401k in an S&P 500 index fund, because everything else frankly sucks.

Feel free to share specifics of the DGI stocks you are wondering about keeping or selling.
My GOV 401K options were SPY, Russell 2K, Foreign index, long bonds or short US Treasuries if you just wanted to collect your match and chill.  In retrospect, truth be told they saved 98% of participants from themselves.  Later in my career you could pick your retirement date and they would try to make sure you didn't have to eat Ramen noodles in retirement because you didn't have any idea how to manage it, or were too impulsive.
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#15
There's definitely truth to that!

I haven't gone with the retirement date funds because I think the S&P 500 index is better; at least now.
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#16
Yeah, Delta allows you to move up to 95% of all 401K contributions to a Brokerage 401K account with Fidelity. I think there is a federal regulation that stipulates the same investment options have to be given to all employees, and the pilot union at Delta pressed hard years ago to have the brokerage account available, so it was also given to the entire employee base.

Most people who put money into the brokerage account have financial advisors to guide them but there were some colleagues who were playing in 3x leverage stocks on their own and lost their shorts, and their retirement. I personally haven’t taken much risk with my 401K account as it represents the bulk of my retirement funds.
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#17
(05-14-2021, 02:29 PM)MrPosadas Wrote: Yeah, Delta allows you to move up to 95% of all 401K contributions to a Brokerage 401K account with Fidelity. I think there is a federal regulation that stipulates the same investment options have to be given to all employees, and the pilot union at Delta pressed hard years ago to have the brokerage account available, so it was also given to the entire employee base.

Most people who put money into the brokerage account have financial advisors to guide them but there were some colleagues who were playing in 3x leverage stocks on their own and lost their shorts, and their retirement. I personally haven’t taken much risk with my 401K account as it represents the bulk of my retirement funds.

I can't believe anyone in this day and age would mess around with 3x leveraged funds.  Crazy.

(Whistles innocently)

Big Grin
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