04-10-2018, 11:07 PM
Stay away from the FANG stocks Facebook Amazon Netflix and Google.
Uncle Don changed the rules, your 401 company does not have to disclose the correct information... imagine that.
If you have a work managed fund, stick with that. If it matches dollars for dollars up to a point, put in the max amount why give away free money.
Long term stocks..
Look at the things you buy every day and use everyday. Laundry soaps, Staple foods like soup, cereals, soap. Stores you have to go to to fix your house, you know things that you have to have, not fantasy stuff.. like flying cars, snotty nosed kids picking out your groceries and bringing them to your house dented an perhaps urinated on...
Facebook.. wtf.. how can that be worth any money..
Right now Uncle Don is giving big business lots of $$$$ for tax breaks, sure some give parts back to their employees, but most are doing what is called stock buy backs.
The company buys back from the stock that is available that they own, this inflates the share prices.
Once the company hits their desired goal, they sell off huge amounts of shares to people who "want in" because its so good
But
Since they sell all the shares the stock value drops and normal 401 guy loses lots
Its an art now, they know how much to buy and sell to keep the company looking at least meeting the prospectus.
There is much to watch out for but I now this
Its not correction as they say all over the news, its called pump and dump.
It used to be a crime, but recently its now just common place.
Shame...
Uncle Don changed the rules, your 401 company does not have to disclose the correct information... imagine that.
If you have a work managed fund, stick with that. If it matches dollars for dollars up to a point, put in the max amount why give away free money.
Long term stocks..
Look at the things you buy every day and use everyday. Laundry soaps, Staple foods like soup, cereals, soap. Stores you have to go to to fix your house, you know things that you have to have, not fantasy stuff.. like flying cars, snotty nosed kids picking out your groceries and bringing them to your house dented an perhaps urinated on...
Facebook.. wtf.. how can that be worth any money..
Right now Uncle Don is giving big business lots of $$$$ for tax breaks, sure some give parts back to their employees, but most are doing what is called stock buy backs.
The company buys back from the stock that is available that they own, this inflates the share prices.
Once the company hits their desired goal, they sell off huge amounts of shares to people who "want in" because its so good
But
Since they sell all the shares the stock value drops and normal 401 guy loses lots
Its an art now, they know how much to buy and sell to keep the company looking at least meeting the prospectus.
There is much to watch out for but I now this
Its not correction as they say all over the news, its called pump and dump.
It used to be a crime, but recently its now just common place.
Shame...