Thread: Money Investing megathread extravaganza
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Old 09-12-2021, 09:10 PM   #11258
lewdog lewdog is offline
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Join Date: Sep 2011
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Quote:
Originally Posted by ThaVirus View Post
Sounds good and safe, thank you.



I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks.
There are NO safe stocks. In a market downturn or correction, even the big company stocks can be cut in half. If this is money you may need in a few years, don't put that on stocks. Example, don't put your emergency savings fund in stocks.

If this is money you may not need for 5+ years, I'd probably choose SPY or some of the big blue chip companies like AAPL, AMZN, V, DIS, MSFT.
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