The New “What did you do with your Z today” (with off topic replies) XXXV

Leingod · 03-25-2020, 09:28 AM

Quote:

Originally Posted by bunk

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, 09:30 AM

Quote:

Originally Posted by Leingod

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, 09:33 AM

Quote:

Originally Posted by Zoren 370

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, 09:35 AM

Quote:

Originally Posted by bunk

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, 09:39 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, 09:39 AM

Quote:

Originally Posted by Leingod

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.

Spooler · 03-25-2020, 09:40 AM

Quote:

Originally Posted by Zoren 370

Hey guys has everyone has 401K?

I just lost 16.55%

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, 09:42 AM

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

Ghostvette · 03-25-2020, 09:42 AM

Quote:

Originally Posted by bunk

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.

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

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, 09:42 AM

Quote:

Originally Posted by Zoren 370

Hey guys has everyone has 401K?

I just lost 16.55%

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, 09:46 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, 09:46 AM

Quote:

Originally Posted by Zoren 370

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, 09:48 AM

Quote:

Originally Posted by Ghostvette

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.

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

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, 09:50 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, 09:58 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.

03-25-2020, 09:39 AM	#7040 (permalink)
Leingod A True Z Fanatic Join Date: Mar 2015 Location: Some Place Cold Posts: 16,060 Drives: In Circles Rep Power: 2684396	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) FPenvy, Rusty, Zoren 370 and 5 others like this. __________________ I AM FLOOF! SOMEBODY FLOOF MY HORN!! ALL HAIL THE FLOOF!!I JUST FLOOFED ON THE FLOOR

03-25-2020, 09:42 AM	#7043 (permalink)
bunk A True Z Fanatic Join Date: Mar 2018 Location: Southern California Posts: 4,077 Drives: 2010 370z Roadster Rep Power: 2684369	Just remember: “Be fearful when others are greedy, and be greedy only when others are fearful.” FL 4Motion and Zoren 370 like this. __________________ -Drop in K&N Filter -Invidia Gemini CBE -Z1 Oil Cooler -Swift Springs - EcuTek -Forgestar F14 -SPL Camber Links -Akebono BBK Upgrade -Z1 Premium SS Lines -SPL Diff Bushings -SPL FUCAs - BellRaceworks Diff Brace

03-25-2020, 09:50 AM	#7049 (permalink)
Leingod A True Z Fanatic Join Date: Mar 2015 Location: Some Place Cold Posts: 16,060 Drives: In Circles Rep Power: 2684396	Got me thinking and now I want to invest a little in jet blue. It's already rebounded 11 percent. bunk likes this. __________________ I AM FLOOF! SOMEBODY FLOOF MY HORN!! ALL HAIL THE FLOOF!!I JUST FLOOFED ON THE FLOOR

03-25-2020, 09:58 AM	#7050 (permalink)
Rusty Ronin Samurai - Assassin Join Date: Dec 2011 Location: Fayettenam,Pennsyltucky Age: 68 Posts: 35,187 Drives: 2011 Nismo GM 6M Rep Power: 2684437	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. Hotrodz and Leingod like this. __________________ 浪人 - 殺し屋 "The Difficult Anytime, The Impossible By Appointment Only" http://www.the370z.com/members-370z-...o-journal.html

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03-25-2020, 09:46 AM	#7046 (permalink)
Spooler A True Z Fanatic Join Date: Jun 2014 Location: Ga Posts: 13,801 Drives: 2013 Nismo 370z Rep Power: 2684392	One of the stocks I have was trading at 100 to 104 a share. It is now at 78. Not a happy camper.