Lucky! My hubby couldn’t find it this morning when I told him about it, so he just got in at a bit over $40. So you’re already making a profit!
Well, look at it like this: there’s already the merger announcement out there with TMTG, which I think will be the stock-in-trade afterward, so there’ll be a share transaction there, and it’ll need to be a plus for investors to express good faith and maintain investor confidence.
So, I wouldn’t fret about getting in at $40, I think there’s a “floor” at $40 that’s been tested pretty well, today, and market sentiment seems to be that there’s solid support at that price. So I think downside risk is minimal at $40 while the market goes in search of solid support at higher levels... $45, then maybe $50.
I’d say take the long “buy-and-hold” view of the matter.
Close your web tab to your Schwab account, go have dinner, enjoy the “woo-hoo” of a new thing, today.
There’s people who do day trading, and try to capture a big move here, and another there — get in, grab the upswing, then get out — it’s just not for everyone as it requires very deep market knowledge, a vast network of “feelers” and a level of risk tolerance that would induce alcoholism in most people.
I’m “most people.”
I built my portfolio mostly through 401k contributions and employee stock offerings with different companies, so I have an IRA, a couple of Brokerage Accounts, and a couple of other company retirement savings accounts.
I can trade inside my IRA, which is where I made today’s move, but if you can trade outside of a retirement account with post-tax dollars, DO it.
Either way, when opportunity knocks, do what you can,
I’d rather have made today’s buy with cash in a Brokerage Account, but I just bought real estate in May, so the piggy bank is tired. But I look at Zillow, and I can’t be too sad about that, either. Take your gains where you can get them.
My biggest financial advice is:
- ONLY contribute enough to your 401k to capture 100% of whatever your employer offers to match.
- Do 100% of your other market investing OUTSIDE of government-created retirement account structures using Brokerage Accounts (E*Trade, Charles Schwab, etc) to trade with after tax money, and stick to a long-term, buy-and-hold strategy.
- Get aggressive mutual funds in your company 401k (downside risk minimized by company matching).
- Get other mutual funds, stocks and EFT’s in your Brokerage Accounts. (S&P Index and S&P Small Cap funds have done well),
- Target to have no one security be more than 2% of your overall holdings.
- Keep 10% cash reserves. (I’m breaking this rule, at the moment & need to sell off a little of something).
- Make your real estate work for you. If ever you can re fi and take equity on this house as down payment on another house, and be able to lease out this house for 120% or more of the post-re fi mortgage payment...
Congratulations, you’re landlords.
Live long and prosper.