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I find this article funny... ways to turbo charge your 401k...invest in big stocks, small stocks, domestic stocks, internation stocks- probably would have been easier to tell us what not to invest in since the advice is to invest in almost everything... Then again, how can you give sound GENERIC investment advice?
Ways to turbocharge your 401k.. invest in everything and pray.
waste of my time to scroll 12 pages to find nothing important at the end
Hi,, I like Cherry Pie and sun and-and playing with my kids... Nice article MSN... DUHHHHHHHH
Ohhhh I had a hamster once..
So, if your company allows you to invest in a SDBA..aka...Self Directed Brokerage Plan, take that route, study up on market basic fundamentals, and manage your own account. NOBODY will look after your future better than yourself. REMEMBER that.
So, example, which IMHO..better info than this guru author here....... Lets say you have 100k or up now in your funds. Set up your SDBA, then sell your funds, and move all your money to the SDBA. Now, you are ready to go out and buy individual stocks to shape your portfolio. Usually there is a $5-10 trade cost. That's it, except when you sell, you will pay the same or close to the same trade cost. It doesn't matter whether you buy 1 share or maybe 1,000 shares, it's the same trade cost. No ongoing expenses and "fees", that will dwindle your account through the years.
Personally for a 100k I would want in the realm of 8-12 stocks. A REIT, like AGNC (15% yield), a BDC, like PSEC (9% yield & pays monthly), another is TCAP, SDRL (9% yield)..oil driller & I would rather have 1-3 oil companies, ABVV or MRK, drugs (4-5% yield), INTC tech a (4%+ yield) , T telecom (almost 5% yield), TAL or TGH lease containers (4-5% yield) DCIX oe TEU shippers (17-22% yield..albeit more risk involved) HE (4%+ yield) or other utilities....
So, only an example, but, diversified, and pay juicy dividends. I might add, the market is going to have some risk, but life can be risky too. Do your own due diligence, teach yourself, and beat the mutual funds by far. I dumped all my mutuals 3 years ago, and have far outperformed them. Most mutual funds only pay you once a year any dividends the fund receives. I want my money working for me the entire year...the advantage of individual stocks. In todays market, us little guys & gals need all the advantage we can get.
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