Background Hi, I am rookie investor, and want some advice (or perspective). Currently I have 120K in stocks (-5K unrealized loss from 10-20K unrealized gain 30 days ago). My portfoillio only have MS and Nokia at this moment. I also have 252K Google RSU and will start to vest in 4 years when I join Google in April. I am pretty bad at trading (stock and fx), everytime I tried, I lost money because of fear, so I have stopped. It is better to focus energy on work and have fun in life. I only consider go long now. After 5 years entering stock market, I made 40K for going long, but lost 20K for trading (fx+stock). In total I had a modest gain of 20K. Stock now makes up 60% of my investment. The rest is cash (several strong currencies). Considering the living cost and my salary, every year I will have around extra 90K from RSU (60K) and cash(30K). I am not in the US, so the above numbers may seem low to lots of you, but here, where I live, it is big money. Thoughts I have no itention to sell any of them now. In fact, I want to add more in the next several months. I am thinking to buy at least 20K or more MS stock in the next several months. Not touching Nokia, but probably won’t sell either. Given the current market conditions, what should I do in the next several months. Even though I will join Google but I believe in MS stock more. Should I partially sell Google stock and invest in MS? For instance, keep my vested Google RSU every odd month and sell every even month to buy MS? Obviously within 2,3 years, if I don’t do anything, Google will be the biggest chunk of my investments. I am around 30 now, and just noticed the following article, which really makes sense. https://www.cnbc.com/2020/03/09/the-stock-market-halted-trading-younger-investors-shouldnt-panic.html. What I need now is to know what others would do in my case? The problem with a rookie investor like me is that I don’t even know lots of existing strategies and thoughts, so it is hard to make informed decision. Thank you in advance! No trolling please! #rsu #stock #401k
Search for Bill Bernstein + if you can. It's the smallest article abiding on stock markets. He recommends some addl books, read them as well. I believe next door millionaire is one of his recommendations. Also read jack Bogle common sense on mutual funds. In addition if you still need more pointers search for Jim Collins stock series
Thank you. I am reading it, seem very helpful.
Automation is key. If you want to spend your time researching, analyzing like a full time job on top of Google, then invest yourself. Or if you want to enjoy life, let the professionals handle it for you. I suggest looking up index funds. And set it and forget it. Use Betterment
Hi, I have 35K of cash in my 401K account now (I didn’t buy index since I thought it was too high at the time I was aware of it, 2017, all cash before that). I am thinking to move all to a passive index fund now. I already set all future 401K portion to index fund as well. If I buy now, it basically the price of 2016-2017. What do you think? (i probably will split into two chunks, 18K this week, 17K 1,2 months later, depend on situation).
Yes, doing 'dollar cost averaging' where you start buying now little by little as it approaches bottom is a good idea, but it will come with risk on specific stocks. I personally prefer index funds as they're more diversified and usually no fees on several platforms like Vanguard. I personally use Betterment. Fees are very low, and they have a nobel prize investing algorithm where they beat several portfolios. Just remember these two rules: 1. Always diversify your portfolio (you can do this yourself by picking several stocks, or go with index funds), it reduces risk. You wouldn't want to put all your eggs in one basket. 2. Don't be greedy. There's plenty of money to be made, and you're competing against billions of people and industries that have billions of dollars, machines in the miliseconds, can move markets with far greater leverage than you. Remember, bulls make money, bears make money, pigs get slaughtered.
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No offense, but this is when skilled professional traders make money on weird trades, not individual investors. Bad time to learn. Wait for the recovery. Get your easy 7% annual index gains then.