Hi, Over next few months, I am planning to invest 160k on 4 stocks.. (40k each) to hold on for years. I am thinking on.. 1) apple 2) ipof 3) crypto(80% Bitcoin 20% ethereum) 4) Tesla Some potential stocks.. micron technology, spy. However, I want to gain some insight on what to read in financial documents of these companies? I have never understood what people read? Anyhoo.. what do you folks think.. does this list make sense? Or what would your list look like and why ? #investments #personalfinance
$SQ $PTON $BABA $ABNB $PLTR
I think Crypto should be reversed 80% eth and 20% btc
^^
I would recommend mixing in some Litecoin as well. It is far from its ATH, with lots of potential.
Also...why not Microsoft?
What should I take off the list ?
What’s the reasoning behind 4?
I believe in Elon musk. Pretty much that.
Meant behind the choice of all 4 stocks?
Is this amount more than 10% of your net worth?
Hmm.. as of now.. yeah.. but PINS is doing well.. admintingly it’s vesting. I have 250k cash.. 600k worth of home with 300k mortgage. I am planning to sell my pins stock over year and payoff mortgage this year. But have some cash that I want to invest.
Don’t blindly pay mortgage off! What’s your interest rate? If it’s less than 3% you will easily make double in index funds long term. If it’s more than 3% refinance right now. 30 year fixed going mid 2%!
My take is this: the markets are unreadable by 99% of the population so don't waste your time trying to find patterns in noise. Split your 160k 60%-40% into a diversified ETFs like VT and BNDW. Leave the money in there for 30 years and then come back to it. That's all you need to do.
Arkk
Put into ARK funds instead of individual assets
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GME :)
Op is trying to invest for longer term. This is the last stock one can select for a long term investment. Please don’t misguide people who are new to investment. They’ll lose interest if they lose their money in these hype stocks and might not get back to investing ever after..