Boiler Room: The Official Stock Market Discussion
Saysumthinfunnymike
VOTE!!!
I don't like to sell at a loss but sometimes you have to cut your losses, save your capital and move on.
funkee
All Star
finally made an M1. going to move more from me and wife's savings to this. we've been holding far too much money in checkings/savings as inexperienced investors and missed out on great growth for the last 5-8 years.
Saysumthinfunnymike
VOTE!!!
Great move just remember, stocks don't always go up. They will over time but it's not always a guarantee that they will rise exactly when you want them to.
funkee
All Star
no doubt. the money i put in will not be for quick flips, but for longterm growth as basically a secondary savings account. not planning on touching it other than rebalancing every so often. goal will be to put 1-2k in the m1 every month, and another 1-2k monthly into indexes/ETFs on my fidelity IRA. Any other money, maybe 500-1k month will go into my other fidelity and TDA investment accounts to take more risks with. I also have 2 old 401k's that are vested that continue to grow (they're bouncing back since March) and another newer fidelity 401k w/ my current employer. Trying to completely revamp how we do finances. we have 2 nice cars paid off, wife has no other debt and she also makes six figures. my med school debt is significantly decreased from large lump sums I paid on it end of 2019 with still a nice emergency fund built up. Feeling more free and willing to be more aggressive in terms of making our money work for us and not working until i'm 60.
Rickdogg44
RIP Charmander RIP Kobe
That extra 2.5k+ ... you are talking about....you may want to think about velocity banking as well (if you are home owner). A case can be made for both imo ( knocking out house debt vs investing) Just depends on your goals.
Gonna have to keep an eye out for that one.
I’m looking out for this one. They’re big partners with Google Cloud and AWS.
igottabaldhead
All Star
Should i sell INO? Or is it a keeper long term
funkee
All Star
not a homeowner yet/ever. looking to buy our first before end of year. will likely do a reno.
Saysumthinfunnymike
VOTE!!!
u can secure profits and hold the rest if u wish, they usually sell off after news but there's the off chance they can spike again
Saysumthinfunnymike
VOTE!!!
Give a man a fish and you feed him for a day; Teach a man to fish and you feed him for a lifetime:
Free Stock Screener
INO's run is far from over. but just to warn you if they fail the phase 1 then it will drop sharply. if they get to next phases then it will pop just like yesterday. and there's many good news left in them. so it's worth the risk for me.