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The Water Cooler
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Investing some "fun money"
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<blockquote data-quote="dennishoddy" data-source="post: 4233250" data-attributes="member: 5412"><p>I probably need to clarify my comments earlier. I recommended CD's as a safe investment. If your nearing retirement, one needs to be safe. If one hasn't reached their retirement goals, it's too late now unless you can do some insider trading and are willing to spend your golden years in the crossbar hotel or be a member of congress where that is apparently legal. Just review the financials of the Pelosi family. </p><p>I've been retired for 8 years. Ventured into crypto with $350.00 to test the waters. Doge has been a bust thinking that if Elon Musk is buying it has to have a future. Nope. Three years later, there is about $150 in it. </p><p>Back in the day, our company allowed unlimited transactions to buy and sell. They would pay the fee's in our 401K.</p><p>I followed the financials of the company executives and CEO's in federal records. They have to declare trades, etc and when they are going to do them. It was cyclic, almost like a saw tooth.</p><p>Bought and sold on those schedules, an made a nice retirement by day trading. Other employees started taking note and they finally said no more free trades. </p><p>I still have investments, but only with play money. Reached the level that there should be no risk and it's time to spend down that retirement fund having fun.</p><p>I look for companies that are in distress but too big to fail. </p><p>One is GE. They got in trouble with acquiring too many assets, poor management, and so on. </p><p>Stock hit the bottom, bought in and watched. The new management realized they needed to divest themselves of losing assets and smaller assets that really didn't matter to their big picture to get money, so looked at the companies that they needed to shed. </p><p>One was in healthcare. It was profitable, but not to the standards GE expected evidently. The country is aging. Healthcare is a place to look. This stock has almost doubled in 5 or so years I've owned it. </p><p>Another was an air brake company that manufactures air brakes for semi's. </p><p>Those are not going away, in fact more trucks on the road than ever and growing. It's a long-time brand that will grow with the industry. It has almost doubled in the 5 years I've owned it. </p><p></p><p>One can't look at what has made money in the past with great dividends. GE was huge until they dumped. Lots of folks lost their retirement. </p><p> IMHO one has to look at what are future trends are that will grow. AI comes to mind. </p><p>Healthcare is another.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 4233250, member: 5412"] I probably need to clarify my comments earlier. I recommended CD's as a safe investment. If your nearing retirement, one needs to be safe. If one hasn't reached their retirement goals, it's too late now unless you can do some insider trading and are willing to spend your golden years in the crossbar hotel or be a member of congress where that is apparently legal. Just review the financials of the Pelosi family. I've been retired for 8 years. Ventured into crypto with $350.00 to test the waters. Doge has been a bust thinking that if Elon Musk is buying it has to have a future. Nope. Three years later, there is about $150 in it. Back in the day, our company allowed unlimited transactions to buy and sell. They would pay the fee's in our 401K. I followed the financials of the company executives and CEO's in federal records. They have to declare trades, etc and when they are going to do them. It was cyclic, almost like a saw tooth. Bought and sold on those schedules, an made a nice retirement by day trading. Other employees started taking note and they finally said no more free trades. I still have investments, but only with play money. Reached the level that there should be no risk and it's time to spend down that retirement fund having fun. I look for companies that are in distress but too big to fail. One is GE. They got in trouble with acquiring too many assets, poor management, and so on. Stock hit the bottom, bought in and watched. The new management realized they needed to divest themselves of losing assets and smaller assets that really didn't matter to their big picture to get money, so looked at the companies that they needed to shed. One was in healthcare. It was profitable, but not to the standards GE expected evidently. The country is aging. Healthcare is a place to look. This stock has almost doubled in 5 or so years I've owned it. Another was an air brake company that manufactures air brakes for semi's. Those are not going away, in fact more trucks on the road than ever and growing. It's a long-time brand that will grow with the industry. It has almost doubled in the 5 years I've owned it. One can't look at what has made money in the past with great dividends. GE was huge until they dumped. Lots of folks lost their retirement. IMHO one has to look at what are future trends are that will grow. AI comes to mind. Healthcare is another. [/QUOTE]
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