Hey you smart rich guys….

Define rich?

To me it’s a combo of 8 figures in real estate . 8 figures is in liquid assets and 5 years of worst case scenario cash. Enough dividend income to pay my bills. And gold as insurance that I can do my rotator cuff exercises with.

Boring , but I sleep like a baby at night.

Those that try to time any market are just gamblers that like to pretend they are investing. They brag when they guess right and blame others when they Guess wrong. sc

Hey Augie, I'm late to the thread but here is what I think:

I would pick 3 or 4 solid company stocks without concentrating more than 25% in each and with no more than 2 stocks in the same sector. I'm a little leery of tech stocks right now, I have Apple and NVDA and they are having some great days followed by some bad ones. There are some good stocks that also pay a dividend. Like WMT. fantastic stock but it is at all time highs right now. I don't like to buy a stock when it is at an all time high.

I own a couple of dividend stocks like NLY for example. The thing that i see with dividend stocks is that you have to own a large amount to make it worthwhile. I would like to hear some other opinions but what I have experienced with dividend stocks is that they don't go up much and the dividend pay out is small so you have to buy a buttload to make any real money.

I manage all of my kids accounts and with my son, we went with all mutual funds. He has done well.

His returns have been pretty good. My daughter is all stocks and she has had a better run, great peaks but also some bigger valleys.

My sons Mutual Fund results for the last 5 years :

Are you looking for dividend income? Or the potential for growth? If the latter, one year ago, I would have told you to buy Palantir at $21.50. Or perhaps both dividend and growth? Lots of opportunity out there either way. We should talk as I think I can help. And no, I'm not broker or anything. I'm a 72 year=old old fuck who has managed to figure out some things over a long life. The most important is that I'm not smart and I know it.

Do you have a Roth IRA I hope?

I hate crypto for the same reason Warren buffet does Read his comments. Better than mine. I once bought into a crypto exchange. Forget the name now. Was the largest I think. Felt even if crypto crashed I won w the trades. Just happened to buy in a lull and crypto looked doomed. I lost $ and just stayed away from that space completely now. Just like I stay away from real estate. And bonds. And commodities. Come to think of it. There’s a lot more I don’t know about than that which I do.

I’m lost. This is money previously managed by someone else? And now you have to make investment decisions?

Personally i don’t trust the market right now and if its important money you can’t afford to lose?

If so i like Pepsi and Coke. Both similar companies. Both pay about 3.5% dividend. Pepsi has fallen a bit off its highs and is around $140 ish. Good place to buy. Coke won’t run up but will creep up 5 % or so a year and the dividend pays 3.5. That’s solid.

Another safety bet is Verizon. It’s just under $40. Which isn’t a bad place for it. P/E ratio of 8-9 and pays a dividend of 6.75-7% depending on days price. If they get their debt down. And they slowly are. It can move up 5% a year and add that to the 6.75% dividend and you’re cooking. Don’t forget to do DRIP name if you don’t want drip then ask yourself why you’re in that stock to begin with.

Both of those above are examples of good places to park money when you don’t have solid core beliefs. Or you are playing with retirement $

At this stage I’m playing with play money and I confess it’s a lot easier. Yes it sucks to lose a million or two. Then it comes back a few months or a year later and you’re like oh wow. Look at that. That’s nice. If that were my nest egg? My retirement income? I would not at all be as cavalier about the games I play.

I used to sweat blood deciding where to invest $1000 or $2000. So agonizing because that’s all the money I had. You know? You don’t want screw it up.