Thanks for earlier advice guys, I put 22k as following: Apple: 10@275 => $2750 Facebook: 18@165 => $2970 Microsoft: 40@157 => $6280 Google: 1@1270 => $1270 J&J: 15@130 => $1950 JPM: 16@95 => $1520 Lyft: 90@33 => $2970 Boeing: 19@157 => $2983 MCD: 5@164 => $880 I am holding another 20k to invest, can you please share some ideas where else I can invest? My 401k is already going 19k/year in WFSPX (S&P 500 index fund).
Skip JPM and Boeing for now, wait for awhile unless you have a short plan of pump n dump
Ok sound good, I am in for long 15-20 years.
Boeing may have to file for a Bankruptcy. Avoid Boeing
Just do an index fund
Yeah my 401k is 100% in index fund.
Lol this list is literally the top 10 US companies, besides Lyft. Might as well have just bought VTI/VOO/SPY
Yeah my 401k is 100% in WFSPX which is also S&P 500 so thinking of leveraging by buying some other all time low stocks.
Your index fund is already invested on those, so you are not really diversifying this way.
Jeez you put a lot into FB
Lol do you think Apple is great to be in now, i am thinking that it will go down further once Q1 results are announced.
Employment wise? Not sure tbh. Company has a lot of cash, like a lot. But leadership and culture have always been conservative when it comes to spending that cash.
SPY puts
This.. hedge all your holdings with spy puts
Yeah I have April 17 Puts precisely 3 of them. Will ride the down wave and buy in more for later contracts, which puts you are long?
No way would I touch Boeing right now
Why not? It has skyrocketed
Yea why wouldn’t you buy Boeing when it’s up ~100% in 3 days? At this rate it will be $400 on Monday.
You in tech or finance at TDA?
Tech
Not bad cash for tech at TDA, you been there a while? I was new grad there couple years ago
You do realize that when you buy calls (or puts, for that matter), you're long volatility? Meaning, if VIX falls tomorrow by 20%, your calls would fall a lot. Another way to look at it - you could've bought them much cheaper.
What about buying puts on VIX (via UVXY, VXX etc? Wouldn’t the drop in volatility be offset by the drop in VIX)? Free money? Or would buying calls on SVXY be the way to go? At the moment I’ve been long volatility (buying calls or call spreads on UVXY/VXX and literally printing money). I anticipate volatility to skyrocket in the short-term as we haven’t even seen the worse of it yet, and then eventually correct. VIX will likely enter triple digit territory very soon.
Amazon phobia ?
Nah I planned to enter but it seems too high, TipRanks is advising buy so I may look for it for sure.
Amazon is cheap 4 times its revenue