c7fx Posted December 28, 2015 Report Share Posted December 28, 2015 I'm doing well in biotech Quote Link to comment Share on other sites More sharing options...
Tpoppa Posted December 30, 2015 Author Report Share Posted December 30, 2015 I'm doing well in biotech I like biotech. 2015 wasn't as good as previous years, but still decent. I don't plan to sell my biotech anytime soon. Quote Link to comment Share on other sites More sharing options...
jbot Posted December 30, 2015 Report Share Posted December 30, 2015 the experts should show which symbols they're buying 1 Quote Link to comment Share on other sites More sharing options...
MichaelS Posted December 31, 2015 Report Share Posted December 31, 2015 +1. Diversified is key. That and low expense fees.Expense fees will eat you alive if you aren't paying attention. Quote Link to comment Share on other sites More sharing options...
Josh1234 Posted December 31, 2015 Report Share Posted December 31, 2015 I put $500 into my Robinhood account... Free trades! No fees! I plan to start swing trading as soon as it clears Suggestions? Quote Link to comment Share on other sites More sharing options...
Tpoppa Posted December 31, 2015 Author Report Share Posted December 31, 2015 I put $500 into my Robinhood account... Free trades! No fees! I plan to start swing trading as soon as it clears Suggestions?By fees, I think he meant mgmt fees that are part of many investments. One of the advantages of index funds is that the mgmt fees are typically low. Quote Link to comment Share on other sites More sharing options...
redkow97 Posted December 31, 2015 Report Share Posted December 31, 2015 I heard on the radio this morning that weight watchers stock has tripled in the last few weeks. Oprah bought 10% of the company, and then endorsed their weight loss system. Wish I'd known that was coming... I think it was only like $12-$14/share. Quote Link to comment Share on other sites More sharing options...
c7fx Posted December 31, 2015 Report Share Posted December 31, 2015 the experts should show which symbols they're buyingwell Lei today lol Quote Link to comment Share on other sites More sharing options...
smccrory Posted December 31, 2015 Report Share Posted December 31, 2015 Expense fees will eat you alive if you aren't paying attention. Absolutely, and... By fees, I think he meant mgmt fees that are part of many investments. One of the advantages of index funds is that the mgmt fees are typically low. FWIW I've worked in the financial industry for 16 years (in I.T., but privy to how banks and investment houses make money). If you use a professional brokerage house with an adviser that takes 1% of your portfolio holdings for give you professional advice, then pay another 1-2% in front-loaded acquisition fees, then pay another 1-2% in management fees (expense ratios) on the stocks you buy, you need to make 3-5% just to break even. That may not seem like a lot with a tiny portfolio in aggressive investments where you're largely gambling on making (or losing) big, but with large balances usually found in IRAs, even (of not especially) when you're highly diversified, you're essentially giving 3-5% of your value away every year. I.e. with a $100,000 IRA, that's several thousand dollars a year. It didn't take me long to chafe, even knowing that my then-employer was benefiting from the arrangement, which secondarily improved my stock price. A better alternative (for me anyway) has been to stick with index funds with very low management fees. Vanguard and Fidelity have some of the lowest, especially with their SP500 funds, but other low-cost ETFs are available as well - you just have to look at their holding classifications, expense ratios, historical performance compared to peer funds and pick sets that make the most sense for your risk appetite. For me at 48, that means a lot of Vanguard SP500, some small and medium cap index funds and a "target retirement year" fund that auto-scales its risk stance year after year, from more aggressive to more conservative as I age. I'm leaving out some details but that's the majority of my investment strategy and it's doing as well for me as I need. I'm delighted not to lose several grand/yr on dubious management advice and I'm OK not having to chase the latest hot stock every month, day or hour. Quote Link to comment Share on other sites More sharing options...
Tpoppa Posted December 31, 2015 Author Report Share Posted December 31, 2015 One of the first mistakes I made as an investor was to open a "managed account" with a quarterly advisory fee. After 3 quarters I ditched the advisor and learned to manage it myself. 1 Quote Link to comment Share on other sites More sharing options...
MichaelS Posted December 31, 2015 Report Share Posted December 31, 2015 Absolutely, and... FWIW I've worked in the financial industry for 16 years (in I.T., but privy to how banks and investment houses make money). If you use a professional brokerage house with an adviser that takes 1% of your portfolio holdings for give you professional advice, then pay another 1-2% in front-loaded acquisition fees, then pay another 1-2% in management fees (expense ratios) on the stocks you buy, you need to make 3-5% just to break even. That may not seem like a lot with a tiny portfolio in aggressive investments where you're largely gambling on making (or losing) big, but with large balances usually found in IRAs, even (of not especially) when you're highly diversified, you're essentially giving 3-5% of your value away every year. I.e. with a $100,000 IRA, that's several thousand dollars a year. It didn't take me long to chafe, even knowing that my then-employer was benefiting from the arrangement, which secondarily improved my stock price. A better alternative (for me anyway) has been to stick with index funds with very low management fees. Vanguard and Fidelity have some of the lowest, especially with their SP500 funds, but other low-cost ETFs are available as well - you just have to look at their holding classifications, expense ratios, historical performance compared to peer funds and pick sets that make the most sense for your risk appetite. For me at 48, that means a lot of Vanguard SP500, some small and medium cap index funds and a "target retirement year" fund that auto-scales its risk stance year after year, from more aggressive to more conservative as I age. I'm leaving out some details but that's the majority of my investment strategy and it's doing as well for me as I need. I'm delighted not to lose several grand/yr on dubious management advice and I'm OK not having to chase the latest hot stock every month, day or hour.Well said. For index funds it should be almost infinitesimal with how much work that actually takes. Typically international will run you more but that also makes sense. Bottom line is do your homework. I am also a proponent of combining 401k and Roth. Gives you more control over your taxes come retirement time. 1 Quote Link to comment Share on other sites More sharing options...
MichaelS Posted December 31, 2015 Report Share Posted December 31, 2015 (edited) One of the first mistakes I made as an investor was to open a "managed account" with a quarterly advisory fee. After 3 quarters I ditched the advisor and learned to manage it myself.Yup. I don't trust people to make decisions that benefit me when they make money from actions not always in alignment with my finances. Edited December 31, 2015 by MichaelS 1 Quote Link to comment Share on other sites More sharing options...
Tpoppa Posted January 8, 2016 Author Report Share Posted January 8, 2016 Oil is soooo low right now. What to do? Quote Link to comment Share on other sites More sharing options...
MichaelS Posted January 8, 2016 Report Share Posted January 8, 2016 Oil is soooo low right now. What to do?Buy cheap oil stocks then go instigate a war between Iran and Saudi Arabia. Please let me know just before you get to step two so I can join in the profiteering. Quote Link to comment Share on other sites More sharing options...
smccrory Posted January 8, 2016 Report Share Posted January 8, 2016 Buy cheap oil stocks then go instigate a war between Iran and Saudi Arabia. Please let me know just before you get to step two so I can join in the profiteering. Anyone here work for Halliburton? Quote Link to comment Share on other sites More sharing options...
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