Deleted
Joined: May 19, 2024 6:59:27 GMT -5
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Post by Deleted on Feb 13, 2018 19:08:59 GMT -5
I was not up $84K or 22% since inauguration, nor do I expect to track the Down or the S&P. My stock mix is unique and moves as it will in response to both the overall market and the vagaries of each equity. I lost a ton in one day when the market soared because of reports that Apple was scaling back production of the IPhone 10 due to poor sales and half my IRA is in Apple. Even a booming market can't seem to make Under Armour thrive, nor has Goldman Sachs Energy Renaissance had a renaissance yet, nor will it until oil moves higher. That's why I emphasize corporate balance sheet fundamentals and revenue prospects over and above any other factor. You're not a little worried about being so overweight in one stock? Your money is your money, so no criticism here, but wow, that's a lot of faith in one company. As for GER, a 3%+ expense ratio? It's your money, though. We use a financial advisor and these are his picks although we do have veto power and prior knowledge of all transactions. He is completely aware that we do not need the funds for daily life as DH's pension benefit and our SS covers all living expenses (and we aren't high maintenance!) so the only real goal is to minimize taxes and leave 3 charities happy when we die. One of the many reasons we use an advisor is that I'm a risk taker as you can see with the Apple allocation. Given the dividend it pays, it's actually been very good to me. DH's IRA and our joint funds are MUCH more balanced although definitely not the equity-bond split often favored for our age group. Our portfolio is so off-kilter to the standard age-based cookie cutter, we have to sign paperwork annually saying we haven't lost our marbles and understand that our allocation is risky. I got another mailing the other day about the Apple allocation so I probably need to make a call and use my best "do you really want us to transfer our portfolio to another brokerage?" voice again. We are incredibly fortunate to have DH's pension because the plan is awesomely solid, well-diversified and 95% funded. It also has a COLA which is pretty rare. The pension allows us to take chances on the equity side we definitely wouldn't otherwise. As for GER, it gives me something to ride the advisor's rear about. He is far fonder of oil-related stocks than I am. I like having at least one dog in the portfolio to keep the dude humble.
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beergut
Senior Member
Joined: Jan 11, 2011 13:58:39 GMT -5
Posts: 2,184
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Post by beergut on Feb 13, 2018 19:41:08 GMT -5
You're not a little worried about being so overweight in one stock? Your money is your money, so no criticism here, but wow, that's a lot of faith in one company. As for GER, a 3%+ expense ratio? It's your money, though. We use a financial advisor and these are his picks although we do have veto power and prior knowledge of all transactions. He is completely aware that we do not need the funds for daily life as DH's pension benefit and our SS covers all living expenses (and we aren't high maintenance!) so the only real goal is to minimize taxes and leave 3 charities happy when we die. One of the many reasons we use an advisor is that I'm a risk taker as you can see with the Apple allocation. Given the dividend it pays, it's actually been very good to me. DH's IRA and our joint funds are MUCH more balanced although definitely not the equity-bond split often favored for our age group. Our portfolio is so off-kilter to the standard age-based cookie cutter, we have to sign paperwork annually saying we haven't lost our marbles and understand that our allocation is risky. I got another mailing the other day about the Apple allocation so I probably need to make a call and use my best "do you really want us to transfer our portfolio to another brokerage?" voice again. We are incredibly fortunate to have DH's pension because the plan is awesomely solid, well-diversified and 95% funded. It also has a COLA which is pretty rare. The pension allows us to take chances on the equity side we definitely wouldn't otherwise. As for GER, it gives me something to ride the advisor's rear about. He is far fonder of oil-related stocks than I am. I like having at least one dog in the portfolio to keep the dude humble. If your goal is to continue to grow your money so you can leave a nice legacy for three favorite charities when you're gone, the equity-bond split doesn't make sense for you. You want to make as much money as possible, not protect your assets so you can spend them. Since y'all are retired and have living expenses taken care of, being this aggressive in the market makes sense. I'm just curious, have you been holding UA for a while? I was talking to my brother today, and he apparently bought UA back in November of last year when it was at $11 and sold it today at $16 to make a solid $5 per share profit. He basically followed the RSI, it showed oversold in November and is now showing overbought, so he's getting out and taking his profit.
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Deleted
Joined: May 19, 2024 6:59:27 GMT -5
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Post by Deleted on Feb 13, 2018 20:37:35 GMT -5
We use a financial advisor and these are his picks although we do have veto power and prior knowledge of all transactions. He is completely aware that we do not need the funds for daily life as DH's pension benefit and our SS covers all living expenses (and we aren't high maintenance!) so the only real goal is to minimize taxes and leave 3 charities happy when we die. One of the many reasons we use an advisor is that I'm a risk taker as you can see with the Apple allocation. Given the dividend it pays, it's actually been very good to me. DH's IRA and our joint funds are MUCH more balanced although definitely not the equity-bond split often favored for our age group. Our portfolio is so off-kilter to the standard age-based cookie cutter, we have to sign paperwork annually saying we haven't lost our marbles and understand that our allocation is risky. I got another mailing the other day about the Apple allocation so I probably need to make a call and use my best "do you really want us to transfer our portfolio to another brokerage?" voice again. We are incredibly fortunate to have DH's pension because the plan is awesomely solid, well-diversified and 95% funded. It also has a COLA which is pretty rare. The pension allows us to take chances on the equity side we definitely wouldn't otherwise. As for GER, it gives me something to ride the advisor's rear about. He is far fonder of oil-related stocks than I am. I like having at least one dog in the portfolio to keep the dude humble. If your goal is to continue to grow your money so you can leave a nice legacy for three favorite charities when you're gone, the equity-bond split doesn't make sense for you. You want to make as much money as possible, not protect your assets so you can spend them. Since y'all are retired and have living expenses taken care of, being this aggressive in the market makes sense. I'm just curious, have you been holding UA for a while? I was talking to my brother today, and he apparently bought UA back in November of last year when it was at $11 and sold it today at $16 to make a solid $5 per share profit. He basically followed the RSI, it showed oversold in November and is now showing overbought, so he's getting out and taking his profit. Unfortunately we bought UA in June 2015 for $43, on our advisor's recommendation. I agreed that we acquire another lot in November 2017 at $11 to dilute our basis. Your brother made a good pick and is wise to take his gain now.
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