WoV stock portfolio
Sounds high for young people.Quote: TigerWuThe "new" rule of thumb is your age minus 20 for bond holdings. This is supposed to account for people living longer.
Also make sure any bonds you have are held in your tax advantages accounts like 401k, IRA, Roth to avoid the ordinary income hit.
I'm now down only -1% since Jan 2018 by converting stocks to Bonds in a gamble that Trump will tank the stock market.
when I'm up +10%, im going to convert Bonds back to the Total Stock fund.
That'll be around Dow 23k?
WYNN, down over 25% in one month. Even if you want to attribute a concern about lower revenue because of the tariff situation that could affect Macau, that doesn't justify such a schalacking on its stock price.
Quote: LovecompsWell, as long as this is a gambling related website, take a look at the misery in Steve Wynn's life.
WYNN, down over 25% in one month. Even if you want to attribute a concern about lower revenue because of the tariff situation that could affect Macau, that doesn't justify such a schalacking on its stock price.
Wynn was forced to pay, a couple days ago, 35.3Million to the state of Massachusetts over the sexual harassment thing. They were in talks MGM 2 weeks ago about selling the new Encore in Massachusetts to them. Neither of those headlines have been kind to the stock.
Encore is supposed to open June 23, about 3 weeks from now. There's some question whether they will.
Quote: 100xOddsdow below 25k again!
I'm now down only -1% since Jan 2018 by converting stocks to Bonds in a gamble that Trump will tank the stock market.
when I'm up +10%, im going to convert Bonds back to the Total Stock fund.
That'll be around Dow 23k?
Good luck with that.
As Warren Buffet has said, "You cannot get rich with a weather vane."
Long term is the way to go, which is the way I've been doing it for a very long time. I buy I don't sell during downturns. I do trade somewhat regularly on top of the long term holdings, but the key holdings are held - increased - never sold. The results speak for themselves.
Quote: TigerWuThe "new" rule of thumb is your age minus 20 for bond holdings. This is supposed to account for people living longer.
I don't believe a forty year old should have anything in bonds. Your investment window is too long to be conservative. These days, there are so many other alternatives.
Quote: MDawgGood luck with that.
As Warren Buffet has said, "You cannot get rich with a weather vane."
Long term is the way to go, which is the way I've been doing it for a very long time. I buy I don't sell during downturns. I do trade somewhat regularly on top of the long term holdings, but the key holdings are held - increased - never sold. The results speak for themselves.
Invest like a RONCO oven. Set it and forget it. Forty years of DRIPS later, I can live nicely off the dividends. 100% of my individual stocks are now Blue Chips, while a couple of funds diversify a bit.
well, I made the gamble 2years ago. switched 6figures over.Quote: MDawgGood luck with that.
As Warren Buffet has said, "You cannot get rich with a weather vane."
Long term is the way to go, which is the way I've been doing it for a very long time. I buy I don't sell during downturns. I do trade somewhat regularly on top of the long term holdings, but the key holdings are held - increased - never sold. The results speak for themselves.
twice during that time, the Dow dropped big but I would only have been at +5% both times so didn't switch back.
my goal is at least +10%.
lets see if 3rd time's the charm
what are the alternatives?Quote: billryanI don't believe a forty year old should have anything in bonds. Your investment window is too long to be conservative. These days, there are so many other alternatives.
Quote: beachbumbabsWynn was forced to pay, a couple days ago, 35.3Million to the state of Massachusetts over the sexual harassment thing. They were in talks MGM 2 weeks ago about selling the new Encore in Massachusetts to them. Neither of those headlines have been kind to the stock.
Encore is supposed to open June 23, about 3 weeks from now. There's some question whether they will.
The news says that the hotel will open on time in mid/late June despite this stuff about Wynn's personal life. There is still some weakness in Macau, probably related.
The fines were paid out of his personal funds, not the corporation that he founded.
It's buying opportunity if you ask me. Knocking 25% (billions dollars) off of a stock's market cap because someone says he pinched their bottom decades ago- what nonsense. Yeah, it's horrible to think that way and you're not to allowed to speak your mind but there's a difference between how he acts and how the corporation performs.
