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rubyone2 t1_j66bih5 wrote

FOMO his dads retirement. Buy high and sell low is the way.

This is how bear market rallies are formed.

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Qzy t1_j68f905 wrote

Good job Ian!

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Chapin_Chino t1_j68952e wrote

Gonna put your dad in retirement with a 90k gain?

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jrm423423 t1_j66z0o4 wrote

What are “back boys”?

Commas are important

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TheRealBigStanky t1_j69bl5q wrote

He didn't forget a comma , he forgot the word "street". Some of those guys have fallen on really hard times.

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hbkx5 t1_j67weun wrote

Suggest you buy dividend stocks, You could have continual income for the remainder of you life with the wealth you have now. Depending on the stocks you choose you could invest around $400,000 and have about $30,000 passive income each year. If you would like a list let me know and I will post.

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Yoda2000675 t1_j690lq3 wrote

It’s a decent strategy, but you’ll miss out on a lot of growth. Dividends are better used for retirees that will rely on their holdings for income

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hbkx5 t1_j6beuoh wrote

Yes and no, dividends are great to live off of and invest with. They would still have extra money from the amount they listed to invest and grow with if they pleased. If they live cheaply for the next 10 years of their life they could pay off a home and a car from the dividend. The remainder of their life could just be passive dividend money they mostly invest with.

Over the course of their life time (if they are somewhat young) It is a much better investment than most, however I do agree they should diversify. A mix between stocks for dividend, some stocks for growth, a small business with little to no maintenance / rental property, high interest hedge fund, alternative investments (something collectable that goes up in value over time, comics, lego's ect.), personal checking /savings / cash and finally a small amount of crypto (about 1% of total wealth) would be ideal IMO.

I am also big on generational wealth and building a better tomorrow for your descendants so that hopefully they can live a better life and in turn pass that wealth and tutelage on to their kids, so on and so forth.

1

Yoda2000675 t1_j6bm8zd wrote

I just meant that they’d average out to get better returns by focusing on growth stocks and ETFs long term.

Dividend stocks tend to underperform just slightly because they generally aren’t going to grow much. Having dividends auto buy partial shares is by far the best way to use them and ends up avoiding the issue of dividend cash income being taxed at the rate of income tax rather than capital gains.

1

codemonkey14 t1_j6bot4i wrote

Theoretically, if I have an investment that provides me a middle class income for 0 work consistently for the rest of my life, why the hell would I care if I “missed out on a lot of growth”? That basically gives you “fuck you” money.

1

Yoda2000675 t1_j6brbem wrote

Not with inflation. If you pocket your dividends every time instead of reinvesting; then you will end up making less as those stocks wont grow to keep up with it.

Companies only pay big dividends when they’re effectively done growing.

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lawbotamized t1_j6dkbe9 wrote

I would like to know more about this. Know nothing.

1

hbkx5 t1_j6e8wpe wrote

Are you asking how dividend stocks work? What specifically would you like to know?

1

jbot747 t1_j6h9k66 wrote

You can get wrecked on dividend stocks. Source: me

0

hbkx5 t1_j6hekah wrote

Not if you pick correctly.

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pw7090 t1_j65l3b4 wrote

What kind of fomo made you jump in at 157?

7

iefhno OP t1_j65lz76 wrote

Honestly just been paying attention to this signal and this one in particular stood out like a sore thumb so I took a chance... I know it's stupid to blindly trust a signal but I feel like I have decent intuition. I've also dug my own grave sticking to that theme though so idk lol.

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ccarb21 t1_j6664w4 wrote

If you were paying attention you’d jump in before earnings was released!

4

Al42us t1_j6660ey wrote

It’s crazy I had 50 shares at 157.70 sold at 158.80 because I was holding for almost a month. Average down from 170. I wish I had the balls you guys have

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Loudmouth879 t1_j6b4hzr wrote

Sitting on 60 shares with a 254 average was down 9100 on 1/3 now only down 4900 💎🙌🏻

1

Able_Web2873 t1_j66pebm wrote

Your dad only has $765k in retirement? I hope he’s under 50 years old otherwise only place he’s retiring to is a 3rd world country

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[deleted] t1_j69wxxu wrote

[deleted]

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Able_Web2873 t1_j6a1goc wrote

I’m talking that ain’t shit for retirement unless he’s super young or is going to have a fat pension

1

wildwardy3 t1_j672hyy wrote

That’s actually just the amount he put into his sons trust fund

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jh2209 t1_j67tsy5 wrote

That’s more than enough lol

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sol364 t1_j66he8r wrote

Damn I need to invest in making a kid like this

4

inverse2win t1_j677epf wrote

Oh man, hate to say it... but it's time to sell

2

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1

KevDavRod t1_j68use6 wrote

There are also signs that Americans may be increasing their retirement savings, as the average retirement savings increased by 13%: from $87,500 to $98,800, according to Northwestern Mutual's 2021 Planning & Progress Study.

1

chaotic_hippy_89 t1_j695xtf wrote

Tesla euphoria is strong. Thinking the top is in.

1

MrDonnyHi t1_j69xuf9 wrote

The fomo is real. The greed meter is off the roof. Hopefully they don’t pull the rug

1

VT_Eric t1_j6ayvbz wrote

Killer bro. Set a SL at +75k and chill.

1