UnQuantized
Superstar
Blue Chip Stocks, Mutual Index Funds & REIT
Stop chasing single stocks, ETFs and Mutual Funds is where its at
- Thread starter Arizax2
- Start date
DJ Paul's Arm
Veteran
I assume your stocks are in Robinhood?Someone put this in lamen terms for ya boy
I have a few stocks here and there. And I have a savings account earning interest.
So I need Fidelity to invest with and to open a Roth IRA? You guys making money like that?
Should I keep buying stocks and sitting on them?
Y'all invest in this.
FSPTX - Fidelity ® Select Technology Portfolio | Fidelity Investments
Analyze the Fund Fidelity ® Select Technology Portfolio having Symbol FSPTX for type mutual-funds and perform research on other mutual funds. Learn more about mutual funds at fidelity.com.
fundresearch.fidelity.com
Tech etfs and mutual funds are blowing up thanks to AI. Nvidia just did a stock split and all those funds have that in their portfolio. AI is obviously going to be big going forward so I'm all in on it. I rather go with these funds vs single stocks just cause we don't know which specific company is going to be the next breakout so I rather have a piece of them all and see who blows up. If there was ever a time to get in I'm with tech funds it's right now. If we hit a recession I'm doubling down since I'm young enough to ride the wave.
Long and short term returns looks great and only at $35? It has 97 holdings but the top is Apple, Microsoft and Nvidia based on % then it's a large drop off. This is super top heavy. The expense ratio and turnover rate is higher than I like tho.
It's in my 401k I really like it. Yes higher expense ratio but it's been out performing qqq/qqqm for some time. Definitely liked it during the pandemic.
Makavalli
Sinister is a system
Good info in here. How do day trading brehs pay themselves if all the dough is in the stocks? How do cash out the dividends? They get a 1099 at the end of the year and they responsible for their own taxes?
QQQM is down 1% today was about to put 2k more into it. I might just do your fund for the hell of it...
I think over 70% of day traders lose money...I would stay away from thatGood info in here. How do day trading brehs pay themselves if all the dough is in the stocks? How do cash out the dividends? They get a 1099 at the end of the year and they responsible for their own taxes?
I just looked it up again. Schg and FSPTX is almost neck to neck YTD and 1 year. The 5 year mark and 10 year mark is when FSPTX we start to see a real difference. I'll stick with SCHG. 0.04 expense ratio vs 0.64 is a big enough reason especially if returns isn't much of a difference the last few years. It's still a damn good choice either way.
The BasedFather
Task Force
If you want to stick with Robinhood they do have a Roth IRA and can do ETFs but I don't think they do Mutual Funds. You can start off with that if you wish. Check out reddit or other places of the folks that uses it to see if it works for you.You assumed right sir