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I like energy, commodities and insurance. If you want a relatively safe stock just follow Warren Buffett . You can buy BRK.B it is like a mutual fund and you benefit from the wisdom of Warren. He loves Apple, Amazon and Google as well. There are a lot of bargains out there right now, but there is also a lot of risk with the political and geopolitical unrest. I would be very careful and do a lot of homework before risking any of your money. I have invested in a lot "sure things" and lost my ass.
 

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I like energy, commodities and insurance. If you want a relatively safe stock just follow Warren Buffett . You can buy BRK.B it is like a mutual fund and you benefit from the wisdom of Warren. He loves Apple, Amazon and Google as well. There are a lot of bargains out there right now, but there is also a lot of risk with the political and geopolitical unrest. I would be very careful and do a lot of homework before risking any of your money. I have invested in a lot "sure things" and lost my ass.
RUSSK... Appreciate the quick reply.
Yes I know things are more than crazy right now and it's worldwide.. I'll take your advice and look into what you mentioned, thank you!
 

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At some point there is going to be a good time to buy for the longer term and I am keeping some cash on the sidelines right now so I can take full advantage of this down market. I just don't think we are through yet, but like everyone else I am just guessing.
 

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At some point there is going to be a good time to buy for the longer term and I am keeping some cash on the sidelines right now so I can take full advantage of this down market. I just don't think we are through yet, but like everyone else I am just guessing.
Yep couldn't agree with you more... Right now it's a very volatile market and I'm nowhere near good enough to invest yet.. have so much to learn and just like you I have money set aside for better prospects.. with Biden in control everything is a crapshoot.. if we could just fast forward to a better administration.
I thank you RUSSK for any and all future advice.
 

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Loaded up on TSLA. Gas price shock will push people to go electric.
Thanks Huracaan... Yes theoretically it sounds like TSLA would be a great investment especially if you're 20 however I am 59.. at some point gas is going to go back down when we get the right administration back in power, there are two many gasoline powered cars on the road to switch over to electric, but indeed it's coming.. I'm very concerned about how Biden plans to create all this electricity for those cars. Nonetheless it sound advice thank you
 

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At 59, if the money you are investing is supposed to be applied to your retirement, you shouldn’t be in the markets. You should be in passive investments.

if the money is casino money(who cares if you lose it all)… go ahead, play the markets.

My advice? Don’t DO what the experts on TV say to do. Invest in what you know, not what others tell you to do. Invest for a 2-3 year thesis, unless quick money sits on your face.
 

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2021 Huracan EVO RWD Spyder Verde Themis
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Thanks Huracaan... Yes theoretically it sounds like TSLA would be a great investment especially if you're 20 however I am 59.. at some point gas is going to go back down when we get the right administration back in power, there are two many gasoline powered cars on the road to switch over to electric, but indeed it's coming.. I'm very concerned about how Biden plans to create all this electricity for those cars. Nonetheless it sound advice thank you
I am looking at both Ford & GM, I like Ford the best, but not yet, it’s going lower.
 

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At 59, if the money you are investing is supposed to be applied to your retirement, you shouldn’t be in the markets. You should be in passive investments.

if the money is casino money(who cares if you lose it all)… go ahead, play the markets.

My advice? Don’t DO what the experts on TV say to do. Invest in what you know, not what others tell you to do. Invest for a 2-3 year thesis, unless quick money sits on your face.
You hit the nail on the head.. 2 or 3 year scenarios are perfect for me and yes I am playing with casino money funny you should say that... My wife and I are retired and get bored, Nevada is a place to gamble... I'd rather take the 2k we spend twice a week and put it in the market. Great advice in all you said.
Thanks AngelOfMurci
 

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At 59, if the money you are investing is supposed to be applied to your retirement, you shouldn’t be in the markets. You should be in passive investments.

if the money is casino money(who cares if you lose it all)… go ahead, play the markets.

My advice? Don’t DO what the experts on TV say to do. Invest in what you know, not what others tell you to do. Invest for a 2-3 year thesis, unless quick money sits on your face.
I’ll contradict this a tad. You need to take a bucket approach. By hitting 59 the odds are good he’ll hit 79 (without knowing anything else about him). So, wouldn’t it make sense to have a short term, mid term, and long term bucket. For the long term (10 yrs plus) you should most certainly have money in the markets. Sounds like @cantdrvfifty5 has money and should speak with an advisor.
 

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I’ll contradict this a tad. You need to take a bucket approach. By hitting 59 the odds are good he’ll hit 79 (without knowing anything else about him). So, wouldn’t it make sense to have a short term, mid term, and long term bucket. For the long term (10 yrs plus) you should most certainly have money in the markets. Sounds like @cantdrvfifty5 has money and should speak with an advisor.
He’s new to investing. It takes around a full decade of making mistakes, before you can consistently make money every year. After the first decade, he probably loses 20% of his starting stack. Then in the second decade he makes it back. When he’s 79 what good is money????

high sigma stocks have gotten their teeth kicked in recently. Down 30-50%. do you think at 59 it’s ok to be down that much just before retirement?

Once again, due to his profile, he should be in passive investments.

The OP stated that he would use ‘casino’ funds to invest. Otherwise, something that fills in their gambling habits. Hence, he should open an E*trade or TD account and have at it. Spin that wheel.

Maybe we should ask the OP how much money annually he would be content in making?

market momentum is not on anyones side, unless you’re on the short side. It’s hard to advise a 59 year old newbie investor when the world is on fire.

if he was 19 or 29 the equation changes… so much so, I would tell him to open an account ASAP and get ready for the markets to capitulate. Then go all in.
 

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I agree, F will go lower but it'sa good long term hold. I bought F at $11 and cashed out at $20. I believe the stock peaked close to $25.
The problem with tech companies is that half the worlds freon comes from… you guessed it … Ukraine.

fyi freon is used in the manufacturing of ASICS, chips, lithography. So we could see another chip shortage impacting everything…. Including autos.
 

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The problem with tech companies is that half the worlds freon comes from… you guessed it … Ukraine.

fyi freon is used in the manufacturing of ASICS, chips, lithography. So we could see another chip shortage impacting everything…. Including autos.
I can't see Russia dragging this war on forever. At some point both sides will come to the table, agree to split Ukraine into different regions and western countries will loosen sanctions.

You have to remember Russia is not only oil rich but their mineral rich and as much as western countries want to put Russia on an island it isn't going to happen. You're not going to give China an opening to basically walk into Russia, pay their debts and take control of their minerals.

That would be catastrophic for western nations.
 

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I can't see Russia dragging this war on forever. At some point both sides will come to the table, agree to split Ukraine into different regions and western countries will loosen sanctions.

You have to remember Russia is not only oil rich but their mineral rich and as much as western countries want to put Russia on an island it isn't going to happen. You're not going to give China an opening to basically walk into Russia, pay their debts and take control of their minerals.

That would be catastrophic for western nations.
I give it a 75% chance that China invades Taiwan before Biden gets the boot. Nothing indicates that the US nor the western world will do anything about it. China owns the worlds rare earth metals. Western worlds mining for REMs, were shutdown by china’s predatory pricing… and the free world smiled, as CEOs outsourced everything to China.

as far as Ukraine goes, I stated awhile back, that Putin will level every major city in Ukraine. It’s in a deliberate stall, get refugees out of Ukraine and then kill every man remaining. I stated that Russia only wants the eastern part of Ukraine. They will have a few extra nuclear power plants and lots of wheat.

the US doesn’t want to help Ukraine. They are pretending their actions are Nobel and are somehow going to prevent the slaughtering of Ukrainian men. It’s a lost cause.

European leaders are aghast that Kamala was sent to help out. Not my words, theirs.

to be politically correct, the US is acting like a big pussy.
 

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I agree, F will go lower but it'sa good long term hold. I bought F at $11 and cashed out at $20. I believe the stock peaked close to $25.
I bought F at $12 and sold just before this market mess for $19.
 

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He’s new to investing. It takes around a full decade of making mistakes, before you can consistently make money every year. After the first decade, he probably loses 20% of his starting stack. Then in the second decade he makes it back. When he’s 79 what good is money????

high sigma stocks have gotten their teeth kicked in recently. Down 30-50%. do you think at 59 it’s ok to be down that much just before retirement?

Once again, due to his profile, he should be in passive investments.

The OP stated that he would use ‘casino’ funds to invest. Otherwise, something that fills in their gambling habits. Hence, he should open an E*trade or TD account and have at it. Spin that wheel.

Maybe we should ask the OP how much money annually he would be content in making?

market momentum is not on anyones side, unless you’re on the short side. It’s hard to advise a 59 year old newbie investor when the world is on fire.

if he was 19 or 29 the equation changes… so much so, I would tell him to open an account ASAP and get ready for the markets to capitulate. Then go all in.
Wow. What good is money at 79? Hope there aren’t any 79 year olds on this forum reading that. Well, we will just disagree on this one. As a CFP, newbie or not, I’d recommend anyone with a 10 year time frame for some of their funds allocate it to the markets. And much better now than 2 months ago.
 

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