Talking stocks, trading, and investing in general

[lawyerdad]



what stocks should I buy? anyone have any hot tips?

Pro tip: people looking for hot stock tips on the internet should be in mutual funds.

 

[Concordia]



Pro tip: people looking for hot stock tips on the internet should be in mutual funds.

Or as Buffett likes to say, if you don't know who the patsy at the card table is, it's probably you.

 

[amerikajinda]



ETFs often have higher expense ratios than their equivalent indexed mutual funds, as well as presenting trading costs to enter and exit. You also run the risk that their derivative exposure or a short-seller's action could cause it to blow up. Not a big risk, necessarily, but if you're not needing hourly liquidity and you have time to get organized, you're usually better off in a fund.

One way to get around the trading costs is through Schwab's ETF OneSource

-- where you will not incur any commissions to buy or sell over a hundred different ETFs (in your online Schwab account). In my Schwab account I have SCHB, SCHD, SCHF, SCHE and a little JPP. As an example, SCHB is of course commission-free and has an expense ratio of only .04%, giving you a cheap, easy way to own Apple, Exxon, Microsoft, Johnson & Johnson, General Electric, Wells Fargo, Chevron, Berkshire Hathaway, Procter & Gamble and JP Morgan Chase -- its top 10 holdings -- as well as 2,000 more of the largest U.S. Stocks (most of which you've probably heard of).

Personally, for a nice, solid core portfolio - no bells and whistles - I'd recommend that you put 45% into SCHB, 35% into SCHF, and 10% each into SCHD and SCHE. If you're closer to retirement and want some exposure to bonds, take 5% out of SCHF and put that 5% into SCHZ. Your'e welcome.

Schwab's ETF OneSource

list changes from time to time, but here's what's available today:

(a little something for everybody!)

 

[Concordia]

I was thinking of bid/ask spread which people forget but is usually a much bigger problem than commissions.

 

[amerikajinda]



I was thinking of bid/ask spread which people forget but is usually a much bigger problem than commissions.

Good point - people too often neglect the importance of timely executions.

Did some buying and selling today in my play account - unloaded $WHR, $FLR and $EOG, picked up some $NE, $ESV and $CTSH.

 

[SkinnyGoomba]

Except in a boldly up market, I will usually just put my orders in with an execution price. I'm not trading daily, so I don't mind waiting for the purchase to go through.

 

[idfnl]

I've been holding all my **** lately. I sold TSLA, but that's it.

Unrelated, so its a long story but I'm curious about what funds you guys are recommending. I am a fan of Vanguard already, so anything outside of that. I'm providing input on a new 401k setup for a small business. Within this plan there is a fair amount of freedom to trade anything, even ETF's.

What funds are you guys sitting on? (if you mention a name, can you give me a sense of how risky you think it is? Also, I am particularly sensitive to fees)

Lastly, I mentioned ETF's, any rationale + or - towards their use in a 401k. As an example, I was thinking of GLD as a component.

 

[amerikajinda]



I've been holding all my **** lately. I sold TSLA, but that's it.

Unrelated, so its a long story but I'm curious about what funds you guys are recommending. I am a fan of Vanguard already, so anything outside of that. I'm providing input on a new 401k setup for a small business. Within this plan there is a fair amount of freedom to trade anything, even ETF's.

What funds are you guys sitting on? (if you mention a name, can you give me a sense of how risky you think it is? Also, I am particularly sensitive to fees)

Lastly, I mentioned ETF's, any rationale + or - towards their use in a 401k. As an example, I was thinking of GLD as a component.

Well fwiw I've done well holding these three funds... you might wanna research them to see how they fit in with your risk/reward level.

 

[idfnl]



Well fwiw I've done well holding these three funds... you might wanna research them to see how they fit in with your risk/reward level.

Thanks, dude.

 

[lawyerdad]

I've fallen out of the habit of reading Andrew Tobias's column, but I know he was following and wrote some thoughts about GLD on a couple of occasions. I'm sure you can search for those pieces on his website if they'd be of any interest.

 

[dopey]

This thread would benefit greatly from the Goldman Sachs Elevator.

 

[djblisk]



Thanks, dude.

I have FBIOX and FSCSX

 

[GreenFrog]

I'm finally at breakeven with my AAPL position from two years ago!!!

At its lowest, I was down ~30% and worried that it'd never recover. I guess patience pays off!

I had been telling myself that I was going to dump AAPL the moment I got to breakeven just because I was so disgusted with how the street and market treated the stock. I think I'll hold onto it for longer .

 

[stevent]

Haha I actually had sell order at $575 but cancelled it thankfully

eBay on the other hand I need to sell though not sure if now is right time

 

[RedLeg]

I'm finally at breakeven with my AAPL position from two years ago!!!

At its lowest, I was down ~30% and worried that it'd never recover. I guess patience pays off!

I had been telling myself that I was going to dump AAPL the moment I got to breakeven just because I was so disgusted with how the street and market treated the stock. I think I'll hold onto it for longer

.

I'll probably cut my stake in half here soon, but I was fortunate to get in when it was in the low 400's. Told myself I was going to dump it all post split, but the heavy call option volume has made me inclined to hold it for a bit. Don't forget the ~3% dividend you've been getting.

I picked up JPM, ZU & DSW about a week ago