How are your investments doing?

[Duds13]

I want to be like your friend. lol
I am very comfortable, but want to build a massive nest egg rather than the “so-so” one I have now.
I actually own a decent block of Tesla stock, but bought in way too late (~$200/share)
I tried Critical Metals, but that has disappointed.

Painfully obvious question, so save the “everyone is” answer, but who is the next Tesla, Apple, etc?? I already own plenty of FXAIX, but looking for a faster grand slam home run…..lol

My guess is like a SpaceX or another Musk venture that goes public? Anyone have any hunches?

I got in QS (QuantumScape) at $7.50. Was $18 just a couple weeks ago but has dropped back to $11.47 on Friday.

Also considering come vertical take off aviation stocks. JOBY, EVTL, XTIA....something along those lines. Some are very cheap so high reward potential.

 

[California]

On a positive note, this is about the definition of a high-class problem. Your income in retirement is significantly higher than when you were working, and it pushed you into a higher tax bracket.

I was suggesting that someone just retired might be at the best time to make a major Roth conversion. In a year of low reportable income. I didn't when I retired in 1998, never considered it, and now with inflation the dollar is worth half what it was on the day I retired. While investment appreciation has doubled the apparent dollar number of our savings and income, pushing us into a higher tax bracket where the conversion would lose quite a bit to taxes. Reading investment advice online, it seems there is no advantage to making such a conversion now. I wish I had known this in 1998.

 

[Fuddyduddy1952]

Open an SMA account. Losses help offset capital gains & dividends.

 

[California]

Open an SMA account. Losses help offset capital gains & dividends.

Whazzat? Pay a percentage on AUM for someone else to make the decisions?

All our savings were put away long ago. So by now, years later, there are no apparent losses. (And the loss in purchasing power as the dollar is devalued, isn't recognized).

 

[ultrarunner]

I was suggesting that someone just retired might be at the best time to make a major Roth conversion. In a year of low reportable income. I didn't when I retired in 1998, never considered it, and now with inflation the dollar is worth half what it was on the day I retired. While investment appreciation has doubled the apparent dollar number of our savings and income, pushing us into a higher tax bracket where the conversion would lose quite a bit to taxes. Reading investment advice online, it seems there is no advantage to making such a conversion now. I wish I had known this in 1998.

It was very much the same advice I was given in the 90’s regarding Roth… I never figured Roth to heirs would be tax free…

 

[Fuddyduddy1952]

My 98yo Mother recently passed and my nephew was here, an Economists major.
He has mutual funds but hidden under the stairs at Mom's house he had an unassuming cardboard box all taped up. Heavy for it's size and we weighed it. 37 pounds. I asked what was in it. "Krugerrands" he replied.

 

[ultrarunner]

Nephew stored gold at the home of his aunt?

How many did you have stored at moms house?

I was happy to find some silver dollars at my grandmothers house and the count was enough to give everyone in the family 1 each.

 

[ultrarunner]

I’m still hoping to find the coins the previous owner of my home was reported to have…

The family couldn’t locate and had 4 small safes drilled but no gold or silver.

The coin dealer said the previous owner would come in a couple of times each year and pick up some…

Maybe a coffee can in the yard or somewhere in the crawl space?

 

[Hay Dude]

Most conventical wisdom with stocks centers around finding the next big stock, buying early, and riding it out for 15 years to get appreciation.

That is crazy in my view, absolutely crazy. There are plenty of stocks that make 10% moves all the time. I will skim those 10% moves all day, every day. Stocks are trend based things, they don't behave in random fashion.

A person could capture 10, 10% moves in one year and have the same return as a Tesla over 15 years. The number of different stocks out there with swings far exceed the number of Teslas, Nividas, or the SPX funds.

So don't wait to find the next thing, it's already out there for the taking.

You are right in principal and I understand that, but it’s more time consuming to skim 10 stocks, than ride one like Apple or Tesla.
I can’t be on my phone all day during the week buying/selling. I don’t work in front of a computer terminal during the week.

I am just asking people their opinions of would could be the “next” one, realizing it’s totally speculative

 

[Fuddyduddy1952]

Nephew stored gold at the home of his aunt?

How many did you have stored at moms house?

I was happy to find some silver dollars at my grandmothers house and the count was enough to give everyone in the family 1 each.

Only coins I had were a mix of old coins probably not worth a whole lot, (condition).