New To Investing Thread

[star seed 7]

Basically, but it's small, local, and not publicly traded. I personally know all the investors at this point.

[IPA4Me]

Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.

Nope. Too lazy. Just pound total market fund in my IRA and comparable mix in my 401K.

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[catastrophe]

Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.

Nope. Too lazy. Just pound total market fund in my IRA and comparable mix in my 401K.

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Yeah it can be fun to play around, but trading individual stocks really is just gambling at the end of the day. The only sure bet is that the market as a whole will go up over time, so that’s what you gotta do for retirement IMO.

[catastrophe]

Basically, but it's small, local, and not publicly traded. I personally know all the investors at this point.

As long as the bulk of your money is in more stable investments, I think this kind of stuff is a great way to diversify. I’d probably be doing more of this if I had access to the opportunities. Especially at a point like this where the market is likely close to being stagnant for a while.

[chum1]

What's the minimum number of individual stocks you'd feel comfortable risking your retirement savings on?

I think I'd feel comfortable enough with maybe seven or eight.

[catastrophe]

I’ve never even thought along those lines before. Why choose 7 or 8 when you can have like 500?

[steve dave]

What's the minimum number of individual stocks you'd feel comfortable risking your retirement savings on?

I think I'd feel comfortable enough with maybe seven or eight.

what's the point? unless you just love gambling or just love to insider trade?

[chum1]

I’ve never even thought along those lines before. Why choose 7 or 8 when you can have like 500?

Higher risk/reward

[chum1]

What's the minimum number of individual stocks you'd feel comfortable risking your retirement savings on?

I think I'd feel comfortable enough with maybe seven or eight.

what's the point? unless you just love gambling or just love to insider trade?

Possibility of raising standard of living in retirement.

[chum1]

What's the minimum number of individual stocks you'd feel comfortable risking your retirement savings on?

I think I'd feel comfortable enough with maybe seven or eight.

what's the point? unless you just love gambling or just love to insider trade?

Possibility of raising standard of living in retirement.

Oh, also, if you do really well, you could take out money now and pay the tax on it. Money you otherwise wouldn't have had.

[catastrophe]

I just don’t think the high risk/reward strategy makes sense for retirement.

If you want more money in retirement, your best bet is utilizing all tax advantaged investment options, and then
1. Lower your standard of living now (which means saving more and giving that money more time to grow); and/or
2. Raise your retirement age (same idea, really).

[wetwillie]

What makes you think you can reliably beat the market by picking your own stocks?

[chum1]

Suppose you could push a button that would result in one of three equally likely outcomes. Increase what your total retirement savings otherwise would have been at retirement age by 20%, decrease by 20%, or neither increase nor decrease.

I'd probably push it.

[steve dave]

What's the minimum number of individual stocks you'd feel comfortable risking your retirement savings on?

I think I'd feel comfortable enough with maybe seven or eight.

what's the point? unless you just love gambling or just love to insider trade?

Possibility of raising standard of living in retirement.

that's option 1

[IPA4Me]

Option 2. Fail to beat the market. Have even less.

https://amp.businessinsider.com/warren-buffett-wins-million-dollar-bet-against-hedge-funds-2018-1

If hedge fund experts aren't beating S&P, what would make you think you could?

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[chum1]

Why invest at all? Why not just put the money under your pillow?

[wetwillie]

Compound interest and time

[sys]

Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.

yes.  most of my money is in individual stocks (somewhere btwn 10-15% isn't).

[wetwillie]

Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.

yes.  most of my money is in individual stocks (somewhere btwn 10-15% isn't).

How do you choose which ones?

[IPA4Me]

I don't think anyone is advising cash  hoarding

[sys]

Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.

yes.  most of my money is in individual stocks (somewhere btwn 10-15% isn't).

How do you choose which ones?

i read about different companies and then decide which ones i like and want to own.

i don't think it's probable that i will beat the overall market by picking individual stocks, but it's much more motivating to me.  i'm a collector and i like collecting things (mostly snakes, mice and shares of corporations).

[catastrophe]

Not me. I like to SET IT ...

[steve dave]

Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.

yes.  most of my money is in individual stocks (somewhere btwn 10-15% isn't).

How do you choose which ones?

i read about different companies and then decide which ones i like and want to own.

i don't think it's probable that i will beat the overall market by picking individual stocks, but it's much more motivating to me.  i'm a collector and i like collecting things (mostly snakes, mice and shares of corporations).

sys, you are the most interesting poster on this blog imo

[sys]

thank you.  i'm looking forward to the day when i can sell some of my stock collection and start my cow collection.

[I_have_purplewood]

Does anyone put a meaningful amount of their retirement into individual stocks? The idea alone makes my palms sweat.

yes.  most of my money is in individual stocks (somewhere btwn 10-15% isn't).

How do you choose which ones?

I've always gravitated towards things I'm interested in or know something about.  I also like looking at the dogs of the dow.  They're company's we all know and but have gotten beaten up compared to the others.  They also pay a dividend which you can use to buy more shares or use elsewhere.  I have close to 25% in individual stocks but I think there are variables to how much each should own.  Age, dough, risk tolerance and how much time you have  watch and trade.  With my job I am able to pay more attention to my portfolio if need be.