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Investment Advice #6906656
06/21/20 09:35 PM
06/21/20 09:35 PM
Joined: Dec 2006
Posts: 19,930
SEPA
L
Lugnut Online content OP
trapper
Lugnut  Online Content OP
trapper
L

Joined: Dec 2006
Posts: 19,930
SEPA
I'm a long-term investor. I typically buy a chunk of shares in a DRIP or invest in a mutual fund, set it up for the dividends to automatically reinvest then forget about it for a couple of decades.

Recently Wells Fargo sent me a letter concerning a large cap mutual fund that they claimed was inactive and in danger of being seized by the state. I called them and ask why, after twenty-plus years, I was receiving this type of notification? The person I was talking to gave me some bullcrap explanation. I ask her why none of my other DRIP's or mutual funds handled the same way were sending me these types of letters. I got another bullcrap explanation.

So I directed her to initiate a 100% redemption, closed the account.

So now I have this chunk of money I need to reinvest.

It's been a while since I've invested in anything new and I know from reading posts here there are some very savvy investors on Tman.

Keeping in mind that this will be a long-term investment, where should I put this money?


Eh...wot?

Re: Investment Advice [Re: Lugnut] #6906667
06/21/20 09:40 PM
06/21/20 09:40 PM
Joined: May 2010
Posts: 28,978
potter co. p.a.
P
pcr2 Offline
"Twerker"
pcr2  Offline
"Twerker"
P

Joined: May 2010
Posts: 28,978
potter co. p.a.
Elno's golf course and yatch club.









Re: Investment Advice [Re: Lugnut] #6906669
06/21/20 09:41 PM
06/21/20 09:41 PM
Joined: Dec 2006
Posts: 19,930
SEPA
L
Lugnut Online content OP
trapper
Lugnut  Online Content OP
trapper
L

Joined: Dec 2006
Posts: 19,930
SEPA
grin


Eh...wot?

Re: Investment Advice [Re: Lugnut] #6906671
06/21/20 09:41 PM
06/21/20 09:41 PM
Joined: Dec 2006
Posts: 19,930
SEPA
L
Lugnut Online content OP
trapper
Lugnut  Online Content OP
trapper
L

Joined: Dec 2006
Posts: 19,930
SEPA
You've gone public already?


Eh...wot?

Re: Investment Advice [Re: Lugnut] #6906673
06/21/20 09:43 PM
06/21/20 09:43 PM
Joined: May 2010
Posts: 28,978
potter co. p.a.
P
pcr2 Offline
"Twerker"
pcr2  Offline
"Twerker"
P

Joined: May 2010
Posts: 28,978
potter co. p.a.
the amish bakery put us over the top. grin









Re: Investment Advice [Re: Lugnut] #6906675
06/21/20 09:44 PM
06/21/20 09:44 PM
Joined: Dec 2018
Posts: 5,214
Crivitz WI
Sprung & Rusty Offline
trapper
Sprung & Rusty  Offline
trapper

Joined: Dec 2018
Posts: 5,214
Crivitz WI
Invest in fur?


No Jab.
Re: Investment Advice [Re: Lugnut] #6906676
06/21/20 09:45 PM
06/21/20 09:45 PM
Joined: Dec 2006
Posts: 19,930
SEPA
L
Lugnut Online content OP
trapper
Lugnut  Online Content OP
trapper
L

Joined: Dec 2006
Posts: 19,930
SEPA
NO!


Eh...wot?

Re: Investment Advice [Re: Sprung & Rusty] #6906679
06/21/20 09:46 PM
06/21/20 09:46 PM
Joined: May 2010
Posts: 28,978
potter co. p.a.
P
pcr2 Offline
"Twerker"
pcr2  Offline
"Twerker"
P

Joined: May 2010
Posts: 28,978
potter co. p.a.
Originally Posted by Sprung&Rusty
Invest in fur?

i agree and am willing to part with some.









Re: Investment Advice [Re: Lugnut] #6906682
06/21/20 09:48 PM
06/21/20 09:48 PM
Joined: Aug 2010
Posts: 10,787
Asheville, NC
C
charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 10,787
Asheville, NC
Diversify, now more than ever. I was in the business.

Re: Investment Advice [Re: Lugnut] #6906694
06/21/20 09:52 PM
06/21/20 09:52 PM
Joined: May 2010
Posts: 28,978
potter co. p.a.
P
pcr2 Offline
"Twerker"
pcr2  Offline
"Twerker"
P

Joined: May 2010
Posts: 28,978
potter co. p.a.
castor??









Re: Investment Advice [Re: Lugnut] #6906707
06/21/20 10:00 PM
06/21/20 10:00 PM
Joined: Dec 2006
Posts: 19,930
SEPA
L
Lugnut Online content OP
trapper
Lugnut  Online Content OP
trapper
L

Joined: Dec 2006
Posts: 19,930
SEPA
I’m already in oil, Chevron-Texaco.


Eh...wot?

Re: Investment Advice [Re: Lugnut] #6906727
06/21/20 10:10 PM
06/21/20 10:10 PM
Joined: Aug 2008
Posts: 5,536
fayette,al.
G
grisseldog Offline
trapper
grisseldog  Offline
trapper
G

Joined: Aug 2008
Posts: 5,536
fayette,al.
Pig castraters

Re: Investment Advice [Re: Lugnut] #6906728
06/21/20 10:10 PM
06/21/20 10:10 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Precious metals, silver, gold and brass


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Investment Advice [Re: Lugnut] #6906741
06/21/20 10:15 PM
06/21/20 10:15 PM
Joined: Aug 2010
Posts: 10,787
Asheville, NC
C
charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 10,787
Asheville, NC
When a mutual fund suffers a high redemption rate, it is forced to sell stocks it prefers to hold.

When a mutual fund holds lots of cash, they are overcharging their investors. Anybody can hold cash.

Re: Investment Advice [Re: Lugnut] #6906764
06/21/20 10:29 PM
06/21/20 10:29 PM
Joined: Jun 2012
Posts: 3,829
KY.usa
rex123 Offline
trapper
rex123  Offline
trapper

Joined: Jun 2012
Posts: 3,829
KY.usa
Long term go with a good dividend stock or mutual fund.

Re: Investment Advice [Re: Lugnut] #6906773
06/21/20 10:39 PM
06/21/20 10:39 PM
Joined: Dec 2013
Posts: 9,295
Northern MN
O
Osky Offline
trapper
Osky  Offline
trapper
O

Joined: Dec 2013
Posts: 9,295
Northern MN
I won't give you advice Lug...
I will tell you Vanguard has been very lucrative for me over the years. Check out the different options they offer, don't put it all into one.

Osky


"A womans heart is the hardest rock the Almighty has put on this earth, and I can find no sign on it"

Jabless in Minnesota

www.SureDockusa.com
Re: Investment Advice [Re: Lugnut] #6906791
06/21/20 11:07 PM
06/21/20 11:07 PM
Joined: Dec 2012
Posts: 6,501
Wi.
D
Diggerman Offline
trapper
Diggerman  Offline
trapper
D

Joined: Dec 2012
Posts: 6,501
Wi.
Land.

Re: Investment Advice [Re: Lugnut] #6906805
06/21/20 11:18 PM
06/21/20 11:18 PM
Joined: Dec 2011
Posts: 10,308
MT
S
snowy Offline
trapper
snowy  Offline
trapper
S

Joined: Dec 2011
Posts: 10,308
MT
I would put it in a financial company in their MM account for a holding/parking spot for now. I don't know who you are with now but there are many trusting company's. I wouldn't pay an advisor for investing but sometimes the help has been a wise move for some. You can invest and manage the funds yourself and safe fees etc..

Now, with parking it in a MM Fund with the company you want to do business with, you can gradually buy and diversify in funds that they have. It can buy you sometime and still make a small amount while you study, which funds and when you want to start buying back in.

Right now where I do business there isn't any deals for buying funds things are high and markets are a risk right IMO. The fund heads are saying it is very risky right now, but a hold and wait and hopes for a less bumpy road.


Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: Investment Advice [Re: Lugnut] #6906905
06/22/20 05:58 AM
06/22/20 05:58 AM
Joined: Apr 2012
Posts: 2,892
new york
M
mike mason Offline
trapper
mike mason  Offline
trapper
M

Joined: Apr 2012
Posts: 2,892
new york
Buy Schlumberger stock,it is on the down cycle because the price of oil but will rebound. Great company

Re: Investment Advice [Re: Diggerman] #6906948
06/22/20 07:04 AM
06/22/20 07:04 AM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
Originally Posted by Diggerman
Land.
X2


wanna be goat farmer.
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