@iced wrote:
@Brian_Earl_Spilner wrote:No. I'm holding for a while. Delta just announced they're opening more routes in June. I'm hoping business starts picking up soon. As long as they don't fold in the meantime, or the pandemic flares up, it should be an upward trajectory for the next 2 years. But, they are one of the riskier airlines. 🤷♂️
DAL is the safest airline you can invest in (I have a small position myself). The riskiest airlines are the LCCs who already survived on small margins and full flights. Of the majors, I'd say American is the most at-risk.
No doubt that they're the safest of the majors, but they're a lot riskier than some of the smaller ones. They've made some smart moves during this whole thing though which is why I'm holding on to them. I think they'll be just fine and wouldn't be surprised to triple the investment in a few years.
I have played futures, individual stocks, QQQ's, SPY's ,
3x CURE, DRN ..
2x leveraged mutual funds
USPIX, UOPIX.. yada,yada,yada...
Also at times a commodity broker.
Have I made mistakes, more than you want to know. Part of the learning process.
5 brokerage Acct's at Schwab, 3 IRA's and 1 Merrill Edge brokerage Acct.
This is 25+ years of what I have learned put together in a nutshell.
Gains are as market close today, all prices were updated.
These funds were bought March 16th 2020.
I have not added or sold one dime of them.
We all have our own styles, and do what works best for you!
@iced wrote:
@M_Smart007 wrote:Pretty quiet here?
No major market eruptions as of late (though steady gains), so I didn't expect anyone to post.
Today was a decent day for financials. JPM and AXP are clawing their way back up nicely in the last few days, though still a ways to go.
Right now it seems I'm back into watch and wait territory. Let the purchases from late March blossom and wait for the older buys to recover. Have more cash locked and loaded, but growing less confident another major dip is coming. Might cut bait and start going back to cost averaging with regular buys soon.
I started a more limited investment dollar cost averaging to max out my new 401K before the end of the year though I need to call up Fidelity and find out about that BrokerageLink option which I'd love over the awfully blah available funds. Also dumping every penny I can into the HSA and ESPP there too, lot of paycheck withholding trying to get it all done before year end but I'll deal.
Like you I've partially halted investment but I'm seeing a downward trend over the last few days, presumably as institutional investors rotate out of some COVID winners which I had non-trivial positions in. Can't complain still up 20% this year after the recovery and I just lopped another third off my outstanding auto loan balance trying to pretty up my outstanding debt as I have money on the sidelines.
I think longer term there will be some additional holding in cash for strategic buying opportunities of a few equities, or if we get another big downturn, and it doubles as a reserve and any additional money I can just retire some additional debt early. I need to work out how much money that should be but it seems like a reasonable plan going forward after learning from the last 3 months of COVID.
@iced wrote:
@Revelate wrote:I started a more limited investment dollar cost averaging to max out my new 401K before the end of the year though I need to call up Fidelity and find out about that BrokerageLink option which I'd love over the awfully blah available funds. Also dumping every penny I can into the HSA and ESPP there too, lot of paycheck withholding trying to get it all done before year end but I'll deal.
Welcome to the Withholding Club!
Between taxes, 401k, HSA, and ESPP, somewhere around 60% of each paycheck is withheld, then I push another 10% on top of that into savings. Keep on dealing with it and you'll adjust eventually.
On the bright side: Your retirement goals are likely based on gross instead of net, so when you do eventually retire your net income can be significantly higher than your current income (doubled in my situation). It's a pleasant reversal from the typical retiree who's struggling with a fraction of their working income.
Haha I am not struggling even just spending a fraction of my primary job income. Too damned busy.
Realistically though since I am 6 months behind on the 401K I am just dumping 20% there, max 10% in the ESPP (I assume that is 10% of gross in post tax money so that is higher more like 17%), and I also get a HSA for the first time in my life so maxing that out too. Not sure I will be working long enough to really get a good HSA stash but it's better pretax than post tax money when I am employed... or even over employed right now. I am going to get the "and change" gig through their PCI audit and give them some napkin future network roadmap but I just can't give them the hours they seem to want now. Sure it would be cushy additional money but mental health is more important and my two main gigs are getting busier. I am struggling to get the time sheets in which really should be the sign to focus on other things if I am not hyper concerned on the money.
And that's all before the 24.5% YTD at market close. Ah heck, just realized my second largest holding gained 36% this month to overtake the high flying NFLX that reigned supreme over my portfolio for years. Look Ma, balance!
Better to be lucky than good, clearly.
Have to say, I really like my Schwab Brokerage account. Been having fun playing with individual stocks. Never done it before. Deposited $10k but only invested just under 8. Already made $1,118.93 in a couple of weeks. Still have $2k to invest.
Anyone use Lynch or You Invest? How are those?
