Add 500 a month, most go into monthly dividend reinvestment stocks. Some on gambles. Know i need to cut some fees on the mutal funds but the instant tax loss is shit in spite of years not paying out.
I was told 4 things, Invest in indicy funds like voo, consolidate, tech heavy investments, and dump prgtx for efts with lower fees.
Question one; would be if the capital gains tax of selling and rebuying would offset the fee.
Question 2 two; is it the mutul funds that put me tech heavy?
This is my extra funds account (poor compared to alot of you). It has been around awhile and does not have bearing on my lifestyle. I have a seperate managed retirement account, savings, and 2 pensions to look forward to. At some point this year I started adding 500 a month to it after sitting pretty dormant for awhile. It holds mutual funds, dividend reinvestment stocks/eft, some gambles, a few just because I wanted a part of it, and some cheap single shares to test how ai can pick as a watch list. Thoughts, suggestions, and roasts wecome. Pltr is so high bc it was less then 10 when bought. Sold most when I broke even at 14 doing cost price average buys unfortunately. Thank you for viewing and/or commenting.
41 and put 500 in each moth on the 10th starting earlier this year after paying off the house. Have a traditional and roth ira that is separate and managed that gets over 11 percent of my income plus matching. After last month this years returns took a hit but are slowly climbing back. The single low price shares are more of a watch list, try not to put less then 100 into any buy. Mostly "larger" positions are dividend reinvestment stocks or whats left pltr that I got lucky on. Always looking to diversify some while continuing to expand. Most days Im right around market indicy averages. Any advice would be welcome since I have a long way to go.
*edit - This is my personal investing account with the obvious goal of making money while maintaining relative quick liquidity if needed. It has been open for years but was primarily just mutual funds sitting untouched until the last year or two. I have seperate pentions, savings, and retirement acounts. The monthly additions are not a significant portion of my income. What is shown in the pictures are currently all my open positions. My goal is overall to make and not lose money but I don't mind an occasional gamble especially if there is strong backing information and large potential growth. I prefer long buys because I hate doing taxes on a ton of trades.
That being said, as you have pointed out I do need to condense the noise, move away from being so leveraged in tech, and aquire some index based funds like voo for stability. I appreciate all the input and will take the knowledge you provided and put it to use moving forward. Thank you all for your time and information!
Its amazing what a year will do... from 4 weeks to cats