Was out of the market in April-June.
Bought Las Vegas Sands @ 24.44$ and Seadrill Limited @ 21.7$. In the summer over a few weeks.
I don't know how long I will stay on the horse, but both looks good technical levels here, in the short-term. Fundamentals in both cases are in my eyes very good, also the leadership in both companies is second to none.
If anyone is trading or have some views about drilling or las vegas sands I want to hear from you!
Quote:
Originally Posted by pattay
hey guys, just wanted some opinions about some passive investing i am thinking about. i haven't read a post in this thread so i apologize if it's the wrong place or if someone already said something similar.
i recently took a pretty decent chunk of my roll offline (left myself ~120 buyins) and want to get some kind of return with it. thinking about going with dividend funds, they seem to be a moderately stable idea from what i've read, although i don't really know. also, i think they might be beneficial because my marginal tax rate will probably be in the 28% range. i also have a mortgage, which i just refinanced at 3.875%, so i'm really in no hurry to pay it off early. am i better taking the 20-30k i have alloted for long-term investing and paying off some of my house (one year old, 14 years from paying off) or am i better off dumping the lump sum into a dividend ETF on vanguard?
i was thinking something like the dividend appreciation ETF because it has very little financials (which i want to stay away from) and telecomm (which i already have invested some money into). i also have a few g's in conservative stuff like TIPS and a bunch in my checking and savings so that i can go like 9 months without withdrawing again (the amount that makes me most comfortable)
any other ideas? anybody high on any other funds? i chose ETF because it has lower fees and i won't be making continuous deposits into it, is it a better choice for me than a mutual fund? i am not interested in picking single stocks, day trading, or anything complicated. thanks!
If I where in your shoes I would used some time, get to know the market and made a portfolio of 5-6 dividend stocks instead of buying index. If you dont want to spend time to get to know the market ETFs is the easy way out.
Examples like Seadrill for is paying out 0.60c now each quarter and the stock is trading at 23-24$ range.
I dont like do give advises but you are at my age. I'm also 23, you should take more risks now, than you would do when you are 50. My goal is to be financially undependant(?) when Iam 40-50 years old. Stockmarket is a way of doing it.
I would buy dividend stocks, and reinvested the dividends.
Last edited by brutti; 09-01-2010 at 06:46 PM.