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07-25-2017, 08:18 PM | #1141 |
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Truly. I'm actually going to build a portfolio. I'm going to have a couple financial advisers but I wanted some Chiefs Planet input. Besides what I do with the advisers I'll end up doing something on my own. Maybe I should do a small portfolio based on the advice from Chiefs Planet.
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07-25-2017, 08:22 PM | #1142 |
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I know NVIDIA makes video cards but I'd like to know what's driving their success.
XRX what's that and what do they do?
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07-25-2017, 08:59 PM | #1143 |
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I believe that Step 3 should be prioritized over Step 2.
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07-25-2017, 09:02 PM | #1144 |
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There's always room for tweaking based on the specific situation, but I don't disagree with it. There aren't many other ways to get a 100% rate of return immediately on an investment. Plus, it's good to break the ice on saving for retirement rather than saying "Someday, I'll start."
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07-25-2017, 09:07 PM | #1145 |
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Dave Ramsey would agree with you.
I would not, however. You are denying yourself free money without prioritizing Step 2. And If you don't start saving early, those people will never have anything. I will say it depends on how much high interest debt you have compared to your salary though.
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07-25-2017, 09:24 PM | #1146 |
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Actually, I was talking about the flow chart. In the long run, I prioritize food over shelter.
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07-25-2017, 09:54 PM | #1147 |
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07-25-2017, 11:11 PM | #1148 | |
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Naturally you won't hear a word about any of that from an adviser because they're after commission. If you're looking for Industries to pile into mutual funds with: I'd stay out of Health Care. It has made a killing, but with all the non-sense, it would scare me. I'd be out on anything Ag. Monsanto may be in some shit with this extend bean and the chemistries shitstorm they've created. They probably won't hurt but they may. Sometime is the time to get into machinery, but I'd try to look for a bounce in the corn price first. Oil industry is in the toilet, I thought there was a decent look there, but crude fell out of bed again, and my understanding is that it is a bloodbath. No idea WHEN to get in, maybe now. I'd look at defense, maybe steel if you're willing to gamble. Another thing I would look at is I wouldn't want to be really heavy in anything that is holding a lot of cash outside the US (Apple, for instance) That is a giant problem for lawmakers that they will at some point have to address, and it may get ugly for some of those companies. Retail might be one to look at as the industry has gotten leaner. I'm pretty dumb when it comes to stocks, but that's what I would do if I were trying to manage things intensively. |
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07-26-2017, 06:16 AM | #1149 | ||
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07-26-2017, 06:35 AM | #1150 |
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I bought NVDA at 32 and sold at 65 and said hell yeah, nailed that one . Now it's $166
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07-26-2017, 07:56 AM | #1151 |
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07-26-2017, 11:06 PM | #1152 | |
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07-26-2017, 11:10 PM | #1153 | |
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07-26-2017, 11:26 PM | #1154 | |
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I'd save up a couple hundred and then buy an etf rather than a mutual fund. They are cheaper to own, the biggest difference is that they are managed by a computer rather than a person so they don't have to forward that cost to you, but they hold the same stocks. Start with something simple like an S&P indexed fund, they are companies that you've heard of. In that vein, you can pick larger or smaller companies (small cap, mid cap, large cap). Theoretically, small cap has the highest growth potential while large cap will perform whatever the general economy is doing. |
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07-27-2017, 07:50 AM | #1155 |
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What about buying and selling some beef? What kind of money can a person make doing that?
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