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-   -   The New “What did you do with your Z today” (with off topic replies) XXXV (http://www.the370z.com/lounge-off-topic/132911-new-what-did-you-do-your-z-today-off-topic-replies-xxxv.html)

Leingod 03-25-2020 08:28 AM

Quote:

Originally Posted by bunk (Post 3918169)
Apple MIGHT be risky since they manufacture in China. Itll depend on if the Govt puts sanctions/restrictions/regulations after this virus thing is all said and done.

True. It'll be a hard pull though as they're still basically the largest tech conglomerate in the world. My only regret is not getting tesla stock earlier. I never really paid attention to it. Haha

bunk 03-25-2020 08:30 AM

Quote:

Originally Posted by Leingod (Post 3918173)
True. It'll be a hard pull though as they're still basically the largest tech conglomerate in the world. My only regret is not getting tesla stock earlier. I never really paid attention to it. Haha

Apple wont tank, thats for sure. Theyre a too big to fail company. I think one of the best bets is the US Airline industry. AA, United and even Delta. Theyre so cheap right now and you know they arent gong anywhere.

Leingod 03-25-2020 08:33 AM

Quote:

Originally Posted by Zoren 370 (Post 3918171)
Thanks man that made sense. I probably reallocate some of my 401k any suggestions to where it would be safer or less risky?

Here's a mix of my top 5. These are all safe. They're slow burners basically. The major ones are the last 2 for me. I've seen a climb of 4.75 and 6.46 rate of return on them respectively.

T Rowe price mid cap growth

T Rowe price dividend gr

Nbt Bancorp stock fund

Vanguard intermediate US treasurery

T Rowe price retirement 2050

Leingod 03-25-2020 08:35 AM

Quote:

Originally Posted by bunk (Post 3918174)
Apple wont tank, thats for sure. Theyre a too big to fail company. I think one of the best bets is the US Airline industry. AA, United and even Delta. Theyre so cheap right now and you know they arent gong anywhere.

1 or 2 of them might go down the drain. That's my only concern. Delta has been a steaming pile for a while. But you're right. For how little they are right now. It's worth the risk to buy a few grand of stock if possible. At worst, they go under. Best case, they rebound and double the worth again.

Leingod 03-25-2020 08:39 AM

Last but not least. And I never thought I'd be saying this to Zoren.

Never pull out! (of your 401k at times like this)

bunk 03-25-2020 08:39 AM

Quote:

Originally Posted by Leingod (Post 3918176)
1 or 2 of them might go down the drain. That's my only concern. Delta has been a steaming pile for a while. But you're right. For how little they are right now. It's worth the risk to buy a few grand of stock if possible. At worst, they go under. Best case, they rebound and double the worth again.

:tup:

Spooler 03-25-2020 08:40 AM

Quote:

Originally Posted by Zoren 370 (Post 3918154)
Hey guys has everyone has 401K?

I just lost 16.55%:mad:

Do you guys advise to pull out or stay and hope the market rebounds in years?

Is there a possibility that your 401K gets depleted to zero?

Any finance expert in here.

Hold where you are. It will come back up over time. If you pull out, you loose everything when the market rebounds, and it will.

bunk 03-25-2020 08:42 AM

Just remember:
“Be fearful when others are greedy, and be greedy only when others are fearful.”

Ghostvette 03-25-2020 08:42 AM

Quote:

Originally Posted by bunk (Post 3918174)
Apple wont tank, thats for sure. Theyre a too big to fail company. I think one of the best bets is the US Airline industry. AA, United and even Delta. Theyre so cheap right now and you know they arent gong anywhere.

I was told that about Eastern Airlines back in the 80s. I put 1700 out of the 2K I invested in EAL (based on my uncle's suggestion. He was an EVP at Merrill). EAL went bankrupt 90 days later. :gtfo2:

I bought Ruger stock with the rest and made back the 1700 I lost. It took about 4 years to pull it off though....:mad:

Now, I do my own research. The market goes up, the market goes down and you only lose money when you sell.

SouthArk370Z 03-25-2020 08:42 AM

Quote:

Originally Posted by Zoren 370 (Post 3918154)
Hey guys has everyone has 401K?

I just lost 16.55%:mad:

Do you guys advise to pull out or stay and hope the market rebounds in years?

Is there a possibility that your 401K gets depleted to zero?

Any finance expert in here.

I'm no expert but, as mentioned earlier, if you sell now, it will just cost more to get back in later.

If we go into SHTF mode, neither your money nor your stock will be worth anything - ie, it won't matter what you do, you're boned.

Spooler 03-25-2020 08:46 AM

One of the stocks I have was trading at 100 to 104 a share. It is now at 78. Not a happy camper.

Rusty 03-25-2020 08:46 AM

Quote:

Originally Posted by Zoren 370 (Post 3918167)
I put my investment 401K to stocks should I switch to long term
Gov Bond index fund?

Too late to do that. I would just ride it out.

bunk 03-25-2020 08:48 AM

Quote:

Originally Posted by Ghostvette (Post 3918181)
I was told that about Eastern Airlines back in the 80s. I put 1700 out of the 2K I invested in EAL (based on my uncle's suggestion. He was an EVP at Merrill). EAL went bankrupt 90 days later. :gtfo2:

I bought Ruger stock with the rest and made back the 1700 I lost. It took about 4 years to pull it off though....:mad:

Now, I do my own research. The market goes up, the market goes down and you only lose money when you sell.

Those were different times. I dont remember EAL, but I do remember when you had a crapload of different airlines in the industry. All that competition was sure to squeeze companies out of business. Apple has their niche in the tech industry all to itself with respect to their products (However, Samsung does share that market, somewhat, with a different demographic)
Even with the US Airline industry, there are only a handful of companies, which makes looking over your shoulder much more easier as opposed to back in the day when not only were they looking over their shoulder, but to their left, right and ahead of them.

Leingod 03-25-2020 08:50 AM

Got me thinking and now I want to invest a little in jet blue. It's already rebounded 11 percent.

Rusty 03-25-2020 08:58 AM

401k, Vanguard's Index 500, and Primecap. If you can get into them.

Stocks, get one's that pay a dividend. Duke Energy pays a good dividend. You reinvest that dividend back into the stock. You'll end up with more stock.

When Qualcomm first came out. I had a chance to get it for $11 a share in January. By December. The stock had split 4 times. And was up to $44 a share. :mad:


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