ButchPlz
We do a little trollin'
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- Aug 27, 2014
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Thank you for the input. If I start losing $ over the next couple months, I will cash out. If I stay steady or in the green, I will keep diverting my hustle money into stocks. Whenever I hit $2500, I'm out. I'm planning on buying a Martin.If only it was easy. Be prepared to lose a lot as that is just as likely as making big returns in 2021. My advisor told me that the firm’s investment professionals from the main office in NYC were suggesting that clients should expect around 5% as normal (after I told him that what I’m shooting for is 2 or 3 doubles in the next 10-15 years).
You are spreading it around and diversifying a bit which reduces your risk considerably. To get substantial returns you’d most likely have to be concentrated in just a couple of names with large chunks of the total... but your risk also soars with this approach. It’s really going to depend on what you are shooting for. 20% or 100%. You can get a nice guitar right now. You’re not far right now from a new, basic Strat, Taylor, or Gibson. Be careful or you might be settling for a used, low end Squire or Epiphone (which are really pretty nice for the money).
If you are determined to take substantial risks you might check into the 2x and 3x leveraged ETFs. Maybe even go in on some bear oriented ETFs.
You said that you want to pretty much buy and hold, but if you want to try some swing trades you could check out FAS and FAZ and bounce back and forth between them.
There are a bunch of high-risk, volatile penny stocks mentioned on this board. But remember those ideas are akin to gambling. Those stocks might triple or they might go down 75% in a week.
Travel stocks are still in recovery from COVID lows, so there are some opportunities there. Someone mentioned JETS as a good ETF to hold. It's a Index fund with a combination of several airline stocks and airline related stocks. I will be putting a good bit of money into this in the coming weeks as well.
I haven't researched it yet, but I'm sure there's an ETF for hotel and travel related stocks that include stocks like Mariott/Disney/AirBNB/etc. I imagine once vaccinations reach a certain level, leisure and work related travel will pick up significantly. Of course that's only my opinion and I could be completely wrong.
Great ideas here.Travel stocks are still in recovery from COVID lows, so there are some opportunities there. Someone mentioned JETS as a good ETF to hold. It's a Index fund with a combination of several airline stocks and airline related stocks. I will be putting a good bit of money into this in the coming weeks as well.
I haven't researched it yet, but I'm sure there's an ETF for hotel and travel related stocks that include stocks like Mariott/Disney/AirBNB/etc. I imagine once vaccinations reach a certain level, leisure and work related travel will pick up significantly. Of course that's only my opinion and I could be completely wrong.
Thank you for the input. If I start losing $ over the next couple months, I will cash out. If I stay steady or in the green, I will keep diverting my hustle money into stocks. Whenever I hit $2500, I'm out. I'm planning on buying a Martin.
Travel stocks are still in recovery from COVID lows, so there are some opportunities there. Someone mentioned JETS as a good ETF to hold. It's a Index fund with a combination of several airline stocks and airline related stocks. I will be putting a good bit of money into this in the coming weeks as well.
I haven't researched it yet, but I'm sure there's an ETF for hotel and travel related stocks that include stocks like Mariott/Disney/AirBNB/etc. I imagine once vaccinations reach a certain level, leisure and work related travel will pick up significantly. Of course that's only my opinion and I could be completely wrong.
Thank you for the input. If I start losing $ over the next couple months, I will cash out. If I stay steady or in the green, I will keep diverting my hustle money into stocks. Whenever I hit $2500, I'm out. I'm planning on buying a Martin.
Great ideas here.
What actually is an ETF?
I'm sure others can explain it better, but it's essentially a fund that is invested into a group of stocks. Essentially the ETF is similar to your entire current portfolio in that it is very diversified, which reduces this risk significantly (but also limits the upside).
Took mine a while to go through but have nowI’m concerned that my AMC stocks that I purchased haven’t posted. View attachment 346660
This is great advice. The lady over these is killing it.