Originally Posted by kepp:
I've been wondering about this a lot lately. I want to retire in ten years and I'm not sure I can take a big hit from a correction and still do it. What's the best way to maintain wealth through a correction? Bonds? Precious metals? I'm not sure.
Best way to survive a correction is to not participate in one. So reduce your exposure to stocks I general. The stocks you do own should be blue chips that pay good and increasing dividends. Bonds are where you will find stability. Though as rates rise bonds will fall in price but their yields will go up. 10 years out, you should be no more than 60% or so in stocks anyway.
Looking at possibly placing a market order and getting in on NVTA stock this week. Looking for companies/stock currently undervalued and this could be one. Increased approval of genetic testing could move this company.
The last stock tip I gave on CP was for Canopy Growth and it's currently trading up 120% from the post I made in August. :-)
I built myself some pretend portfolios on etrade over the weekend and made ones for different sectors. I set them up to show price changes over the last 30 days and the one that stood out was the oil and gas stocks all "up" across the board. The next best were the financial and banking stocks as well some steel stocks. The pharmaceutical stocks were spotty. [Reply]
Originally Posted by lewdog:
Looking at possibly placing a market order and getting in on NVTA stock this week. Looking for companies/stock currently undervalued and this could be one. Increased approval of genetic testing could move this company.
The last stock tip I gave on CP was for Canopy Growth and it's currently trading up 120% from the post I made in August. :-)
Great company, know them well. Preventative diagnostics are a tough sell however, and there are a lot of similar players in that game. Wishing them, and you, the best. Here's hoping they go through the roof! [Reply]
Originally Posted by lewdog:
Looking at possibly placing a market order and getting in on NVTA stock this week. Looking for companies/stock currently undervalued and this could be one. Increased approval of genetic testing could move this company.
The last stock tip I gave on CP was for Canopy Growth and it's currently trading up 120% from the post I made in August. :-)
Originally Posted by wutamess:
What do your spidey senses say about this one? How much of your portfolio would you throw at it?
Not much, to answer your final question.
Humble brag on savings this year but the wife and I each put 10% into our 401k, we each maxed out our Roth IRAs(2x $5,500) and I was able to fully fund my HSA account ($3,400). The "leftover" money I put into my brokerage account for some small purchases of individual stocks and could be considered play money, although I'd prefer not to lose it. So realistically, this would be a purchase of $1-2k of stock for NVTA. Nothing major that will have me lose sleep at night, but a strong outlook on a company that continues to increase revenue and broader research in this area. Most of my purchases in my brokerage account are rather small compared to my overall portfolio, since I try to fund my 401k and Roth heavily first. [Reply]
BAC is up 12.29% last 30 days. It's ranked #4 in the Financial portfolio I put together last weekend to measure 30 day movement in that sector. It's a big player in a shit load of mutual funds. [Reply]
Bank of America
Nvidia-owns the GPU business and has dominated sales. Grew 30% last year and will continue to rise.
AppFolio-zero debt in this company. Expanding customer base that keeps growing. Already won some awards..and their CEO got 100% rating on Glassdoor. Seems to really be going in the right direction.
Originally Posted by Nightfyre:
I can't bring myself to invest in BAC. that company is ethically bankrupt, and it routinely has law suits crop up.
Yeah. I’d need to see a regulatory review of them before I bought anything. You’d think with interest rates starting to creep up bank profitability would look favorable. There might be a reason their stock is down. [Reply]
Energous, Ticker symbol (WATT) just announced they developed a wireless charger for phones. Stock is up 98% right now. Might pull back before the close as investors may short but it may have some legs for longer term.
Edit: up 120% now
Got in at 17.21 Now at 19.43 put in a stop loss at 18.50.
Originally Posted by Nightfyre:
I can't bring myself to invest in BAC. that company is ethically bankrupt, and it routinely has law suits crop up.
If ethics is your prerequisite for investment, I'm not sure you can buy any publicly traded stock.
I keep waiting for the day that my wife looks at my stock portfolio and says, "You have stock in WHAT?" I've got stock in companies that make bombers, sugary drinks, guns, mines in virgin forests, gender-offensive advertisements, fake credit accounts in senior citizens' names, Alaskan oil wells, private prisons, and pretty much anything else you can think of. If it's a bad behavior, I assume it's a growth opportunity. [Reply]
Originally Posted by RunKC:
Lew, what do you think about buying Bank Of America? It’s a dividend and it’s under $30
By all means, just raise a general question to this thread as there are numerous posters here with better insight and understanding on stocks than me. I am flattered though.
A lot of people like it is a stock. It does seem undervalued in the current climate of stocks (and the dividend is nice) but banks can be risky. I personally get enough exposure to banks in a mutual fund in my Roth IRA, so I have little want to place addition money in that sector. [Reply]