Thread: Money Investing megathread extravaganza
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Old 08-11-2017, 07:29 AM   #1209
lewdog lewdog is offline
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Join Date: Sep 2011
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Quote:
Originally Posted by DaFace View Post
Obligatory "index funds are better than stocks unless you really know what you're doing" reply. (And even if you know what you're doing, index funds are still probably better than what you're doing.)
Quote:
Originally Posted by Cornstock View Post
This, times infinity.
I definitely agree, although it's not inherently bad to have a small percentage of your income in individual stocks if you feel so compelled. This should only be after you've got something like 10%+ percentage of your income going to retirement investment vehicles (401k/IRAs).

I bought my first individual stocks earlier this year as well. That's after 5 years of ramping my 401k/Roth IRA contributions up to 15%. The money I then invested in individual stocks is IN addition this amount, not in place of those investments. It's currently 6% of my total portfolio and I don't really plan to ever have individuals stocks be more than 10% of my total portfolio.
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