Stock market

SmokinBob629

So I never bought stock and have been wanting to get into the market. I was told from some of the guys at work that with the stock market so low from the COVID19 now is the time. Some suggest purchasing Delta, United airlines, TDOC, Disney, carnival. Does anyone have any suggestions or recommendations? 

Gulfcoastguy

I have a 457 account that is now in the bond market. One more 2000 point drop and it might get rolled over into mutual funds/stock market based. It might take 2 years to see all of the gains but I have the time or if I don't it won't matter to me.

Botch

Gulfcoastguy said:

I have a 457 account that is now in the bond market. One more 2000 point drop and it might get rolled over into mutual funds/stock market based. It might take 2 years to see all of the gains but I have the time or if I don't it won't matter to me.

Kinda same story here; $25K in liquid funds I want to sink into the stock market, but it hasn't fallen quite as much as I want (I have a set number, and no I'm not telling).  
Having recently dropped into retirement, changing health insurance, AF pension starting up, Civil Service ending, it's kind've an exhilarating time to be making a change like this.  
But, hell, hold my beer.  

Dobie

Waiting for blood in the streets myself but I don’t think we’re there yet.

YukonRon

Google and Apple. Data access is the new oil.

DMW

SmokinBob629 said:

So I never bought stock and have been wanting to get into the market. I was told from some of the guys at work that with the stock market so low from the COVID19 now is the time. Some suggest purchasing Delta, United airlines, TDOC, Disney, carnival. Does anyone have any suggestions or recommendations? 

If you are investing for the long term, those are probably pretty decent picks.

dbCooper

With you just starting out, one step is deciding to be an investor or speculator.  Determine your purchases accordingly.

If you are investing, for monies not needed for 5 years or more, Dollar Cost Averaged, low cost (under .2%), S&P 500 index fund could be considered.

Time in the market will likely serve you better than timing the market.

*edit change "5 years more" to "5 years or more".

Gulfcoastguy

DMW said:

SmokinBob629 said:

So I never bought stock and have been wanting to get into the market. I was told from some of the guys at work that with the stock market so low from the COVID19 now is the time. Some suggest purchasing Delta, United airlines, TDOC, Disney, carnival. Does anyone have any suggestions or recommendations? 

If you are investing for the long term, those are probably pretty decent picks.

DMW said:

SmokinBob629 said:

So I never bought stock and have been wanting to get into the market. I was told from some of the guys at work that with the stock market so low from the COVID19 now is the time. Some suggest purchasing Delta, United airlines, TDOC, Disney, carnival. Does anyone have any suggestions or recommendations? 

If you are investing for the long term, those are probably pretty decent picks.

Boeing has been crushed by two things. First the cut back in air travel. Second their on going problems with the civilian 737 Max. 

The flip side is several good military contracts, the P 8 Poseidon patrol plane sold to several countries, the unmanned refueling drone for aircraft carriers, good sales of 777 and 787 twin engine passengers planes before the travel problems. Last since they are pretty much the only large passenger plane company left in the US they are “too big to fail”.

DoubleEgger

If it were me, I’d stay away from cruise lines. They are likely to have lasting negative effects. Companies like Google on the other hand don’t have any real exposure to this. 

saluki2007

Gulfcoastguy said:

DMW said:

SmokinBob629 said:

So I never bought stock and have been wanting to get into the market. I was told from some of the guys at work that with the stock market so low from the COVID19 now is the time. Some suggest purchasing Delta, United airlines, TDOC, Disney, carnival. Does anyone have any suggestions or recommendations? 

If you are investing for the long term, those are probably pretty decent picks.

DMW said:

SmokinBob629 said:

So I never bought stock and have been wanting to get into the market. I was told from some of the guys at work that with the stock market so low from the COVID19 now is the time. Some suggest purchasing Delta, United airlines, TDOC, Disney, carnival. Does anyone have any suggestions or recommendations? 

If you are investing for the long term, those are probably pretty decent picks.

Boeing has been crushed by two things. First the cut back in air travel. Second their on going problems with the civilian 737 Max. 

The flip side is several good military contracts, the P 8 Poseidon patrol plane sold to several countries, the unmanned refueling drone for aircraft carriers, good sales of 777 and 787 twin engine passengers planes before the travel problems. Last since they are pretty much the only large passenger plane company left in the US they are “too big to fail”.

Boeing is a good long play. If GE gets back to the low $7s I would jump on that too until it hits the $11.70 range and then dump. 

JohnInCarolina

If things here start to look like they currently do in Italy, I’d anticipate at least another 20% drop in the market.  Nevertheless, some of the tech stocks are bargains right now.

Cornholio

Since I work in investment management people often ask me for advice when they are looking to get started and I will suggest looking at dividend paying index ETFs as a start. Picking individual stocks isn’t for everyone and spreading your risk across an index like the S&P or Russell 3000 is a safer bet. Aside from that I will always tell people to pay yourself first, set an amount you can budget aside per payday to invest and always take advantage of any company matching investments like 401k at the minimum. Obviously you need to not have a ton of high interest debt before doing this though. 

alaskanassasin

Solid @Cornholio

BigGreenKev

Look for the babies getting thrown out with the bathwater.  All ships sink when the tide goes out.  Find companies that were doing really well before this hit and will keep doing well.  It will take time for industries hit hard to recover.  Airlines, cruise, travel.  The good companies getting hit will recover faster. JD and SE are ones to look at.

littlerascal56

The stock market expert posted this on my wall.

bdalqasmal

Honestly, buying individual stocks can be a bit tricky, especially when you're new. What worked for me was looking into index funds, like the S&P 500—it spreads out the risk and you don’t have to worry as much about one company tanking.

bdalqasmal

bdalqasmal said:

Honestly, buying individual stocks can be a bit tricky, especially when you're new. What worked for me was looking into index funds, like the S&P 500—it spreads out the risk and you don’t have to worry as much about one company tanking.

Also, if you’re thinking about saving a bit while you invest, I found a Fast Track Trading Discount Code pretty handy. It helped cut down on some of the costs, which is always a plus when you're just getting started and trying to make the most of your money.