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I just opened a Roth IRA, and am ready to invest in the stock market

N-Smooth

N-Smooth

Smooth Gang Founding Member
Location
UT
anderson750 said:
🚀🚀🚀🚀🚀🚀🚀🚀🚀 or 🍆🍆🍆🍆🍆🍆🍆🍆

It has been a little interesting today for GME
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I didn’t even look at it earlier and then I checked in this afternoon and was like wait, that doesn’t look normal 🤣

🙏🙏🙏🙏🙏🙏🙏🙏🙏
 
Kiel

Kiel

Formerly WJ ZUK
It had a spike yesterday also, where it popped to 350 for like 3 seconds. Must have been a market order compared to a limit was the thought
 
mesha

mesha

By endurance we conquer
Location
A.F.
I think i just broke the cardinal rule of holding stocks for dividends. I sold some.....
I looked at it and realized more than 3 years worth of dividends on one stock and about 1.5 years of dividends on the other so I sold. I plan to buy back in, but couldn't resist the profit.
 
Unimog

Unimog

Eric
Location
Stansbury Park, UT
Kind of surprised that people are in for another round of GME, given that the value in round 1 was completely artificial and the likelihood of that many people making the same mistake twice.
 
TurboMinivan

TurboMinivan

Still plays with cars
Location
Lehi, UT
At least there is a legitimate reason for this GME bump. From my daily financial newsletter:

The video game retailer jumped because it hired a new person to lead its e-commerce shift. The co-founder of pet food retailer Chewy, Ryan Cohen, joined GameStop to take control of its online capabilities. Cohen will serve as chairman of a special committee to oversee GME's transformation.

FYI
 
TurboMinivan

TurboMinivan

Still plays with cars
Location
Lehi, UT
mesha said:
I think i just broke the cardinal rule of holding stocks for dividends. I sold some.....
Click to expand...

Late last year, I read an article by a fellow investor (whose strategy I generally agree with) who talked about trimming some of your winning dividend stocks (ie, those which had seen steep capital appreciation) in order to then reinvest those profits into other dividend payers which are a better value. He went on and on about how this can help bolster your dividend income in the long run, and it made sense... even though this was a concept which I had never intended to employ. "What the hell," I told myself. "Maybe I'll try it just once." I sold three of my shares of CINF, and spent that money buying two more shares of IBM. (At that time, the 3 CINF sold for the same total price as the 2 IBM shares cost--it was a lateral move financially.) This swap gained me an additional ~$1.50 in dividends each quarter--not earth shaking, but I just wanted to try this new philosophy and see how things went.

I am kicking myself for this move.

From a dividend standpoint, my emotions are mixed. Since the swap, CINF has raised their dividend by 5%. So far, IBM hasn't raised theirs at all. While I'm still coming out ahead, I wonder if eventually that won't be true any more.

While it isn't the primary focus of my account, even worse is the capital appreciation. CINF share price has continued to climb; I initially bought in at $60, sold a few shares for the above swap at $82, and today it sits at $105. IBM, on the other hand, has been totally flat. I initially bought in at $124, I paid $122 in the above swap, and today it sits at $123.

Oh, well. It was only three shares.
 
N-Smooth

N-Smooth

Smooth Gang Founding Member
Location
UT
GME... I got back to break-even yesterday after being down for soooo long and I paper-handed all but one of my shares. well, needless to say I lost out on like $4k since I couldn't wait until now to sell. on a positive note I've been out that money for so long and thought I may never get it back so I still feel like I made money on it :rofl:
 
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