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NFT: Investing question re: stocks

DC Gmen Fan : 9:46 am
I've taken some bad advice over the past few years and have been working steadily to clean up my portfolio and investments.

The one area I have a lot of heartburn with is my taxable account (assume 401k and 529s are fully funded).

I have a little bit of play money to invest in taxable accounts for a 7-10 year time horizon. My current taxable investments include

SPY (the majority of my holdings)
VTI
AAPL
AMZN (1 whole share)

I use Scwhab for everything and want to keep everything there since it's less complicated and thats where all my 401k stuff is.

Going forward, I would like to take opinions on some of the pros/cons of continuing investing in one or the other. I was told by one advisor years ago to just keep buying SPY but recently was told by another to go more into VTI. I did not understand the reasoning and I am dumber than sh*t when it comes to this stuff.

Any perspectives or advice is appreciated. I'm trying to keep this portfolio rather uncomplicated and yes there is some speculating involved.

Thanks in advance.
I have a family member pushing QQQ too as a good bet going  
DC Gmen Fan : 9:47 am : link
forward too..
..  
Named Later : 10:16 am : link
There's a lot of overlap in VTI vs SPY. SPY is the SP500 and VTI is the Total Stock Market. Maybe you could get the small cap exposure thru an ETF like IWM (Russell 2000) or MID (mid cap 400). Buyer's choice.

The QQQ would give you all the FAANG's that you could want.
QQQ I think is undervalued  
Mike in NY : 10:34 am : link
But my concern is that two of its three biggest holdings are AAPL and AMZN. Overall it is very Tech heavy with nearly 58% of its investment in that sector. A hit to that sector and it could hurt given your portfolio.
QQQ  
has done very well for me.

Can the pros amongst us weigh in on the equities game? I was thinking I should have sold on Thursday after the surge from the good news, because from my perch, I don’t see any good news about anything coming down the pike within the next few months. Nonetheless, I didn’t pull the trigger.

My boss, who will be retiring in October, revealed to me that upon the first whiff of the corona virus, he called his broker and told him to park it—he went to cash when the Dow was still at 29. He told me not to worry since I’m relatively young, but he sees the Dow falling to 15k.
What do you guys think next week is going to look like?  
robbieballs2003 : 11:08 am : link
The dow had huge gains last week riding the stimulus bill. But then Friday came and it had a big dip. Next week we will be getting a lot of other information like coronavirus numbers which do not seem to be slowing down and car manufacturing numbers which cannot be good if factories were whit down. Some expect it to keep climbing but I don't see it.
When we get through this and the market starts to come back  
PatersonPlank : 11:21 am : link
it will in a big way. Whether it is improved results, a vaccine or treatment, etc, when it happens things will change quickly. Remember the market is about looking forward 6 months to a year, not the status of right now. In this environment, with stock being beaten down like they are, I believe growth stocks are going to be the way to go in a recovery. They were beaten down the most, and future earnings estimates will show they are very undervalued.

So based on this tech, and QQQ, is definitely a good place to be IMO. Just be prepared for a little more turbulence here, and it could drop down as we test the low again. However 6 months to 1 year out that is where my bet is.
Also unless you are a pro, in the industry now, I would recommend  
PatersonPlank : 11:25 am : link
against trying to time this thing. Timing stocks short term is near impossible. You'll go in and out, miss major ramp ups like this past 3-4 days saw, and catch when the knife falls again (such as jumping in and then we retest lows). Stock change on a dime based on data you don't have yet, and you can't react. Look at the last few days, who here though it would be up 20%? The best thing to do is say 1 year from now this is what I think, buy in (if you think this is a good place) and wait it you. You may lose another 10% short term, but the point isn't now its 1 year from now. If you think its near the bottom than don't wait, you're likely to miss the run up.
buy, Netflix, more Amazon  
gtt350 : 12:48 pm : link
and Walmart
...  
Pascal4554 : 12:49 pm : link
I’ll give you a few options


1) Look up Cambria ETFs if you want to keep things simple and put a lot of money in one diversified fund. Meb Faber also has a podcast and gives away lot of free info.

2) Google Ray Dalio’s all weather portfolio and see if that is an approach you want to take.

3) If you want to be more active and get the best advice, but takes more work, lookup Hedgeye. They have lot of different research products. Watch a free episode of the Macro show. They let people watch for free sometimes.

Most financial advisors are really just salesman. I’m happy I started managing my own money a couple years ago. But I enjoy following the markets.

My word of caution to you is most advice you get from people will suck. The average person is too fascinated with equities because that is all you hear on CNBC. Keep an open mind. The stock market is only one part of global markets. There is money to be made in bonds, gold, commodities, etc, with the right strategies and education. Best of luck.

RE: ..  
X : 4:01 pm : link
Russell 2000 has not performed well in awhile for me. VOO (S&P500) made me a lot a money over the years. I have large, mid and small cap and nothing has outperformed large cap.

Amazon is the one stock most experts agree will keep going up.

But - we live in a different world now so who knows!

In comment 14852125 Named Later said:
Quote:
There's a lot of overlap in VTI vs SPY. SPY is the SP500 and VTI is the Total Stock Market. Maybe you could get the small cap exposure thru an ETF like IWM (Russell 2000) or MID (mid cap 400). Buyer's choice.

The QQQ would give you all the FAANG's that you could want.
some incredible bargains out there  
torrey : 7:10 pm : link
think where you want to be in a year. Big caps will move first since more money can be poured into them. QQQ, JKE

Also look at some dividend stocks, very good yields. Just have to check the stability of the dividend. PFF gives a 6% dividend. Check out ARCC.

Is oil going away, I don't think so, so buy some, XOM, VLO.

Will BA be done with their plane problems in a year, if so buy.

Do some research and see which companies moved when the market went up recently.

You buy when blood is running in the streets. If you are unsure about the future, then only invest a portion of your money, and keep the rest until you feel safer.

If you have a good portfolio, which is down, think where it will be in 6 months or a year, and keep it.
no way  
giantfan2000 : 3/29/2020 12:46 pm : link
wow you people are in a dream world --
the worse is not over yet - April 1st when rent is due and 1/3 of country has no money to play .. it will start to cascade the economic collapse

we are looking at a bear market for 2 years at least .

Dow going to 17k more likely 12K

I am fully in SPXS 3x Bear ...
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