All posts by jmeyer

Investment Thoughts and Ideas

First and foremost identify a financial adviser and a good CPA.  Demand they get to know one another, remember, they work for you.  Listen to your FA however, listen to your own gut feel since if anybody looses in this game it’s you.  I currently use an individual from the EDJ however, I personally despise their online portal.  It does not track the traded securities in a real-time fashion where one can determine what’s working and what’s not.  I rolled over a small portion of an IRA and opened an individual account to perform several of my own trades a few years back.  Most refer to that as “Day Traders” which I view as people shooting from the hip and see what sticks.  Those types fall to the waist side rapidly in disappointment.  The platforms of choice have been Ameritrade and E-Trade.  The support for these 2 platforms are very good so my advise is to use them often.  Don’t worry about asking dumb questions as I’m sure these guys have heard it all, besides they want your business.

Take a few hundred dollars and dabble with penny stocks, learn the various screens and access the analyst recommendations.  However, nothing can substitute your own knowledge when it comes to investing, so find means to increase your awareness of good companies to invest in and avoid the fly-by-night operations that fold as fast as they open.  DO NOT think and/or view this as a “Get Rich Quick” scheme, save that for the Lottery.

Info Sec and The Financial Markets

Think your world is coming to an end? Can’t blame you with the political battles, Corona Virus outbreak, the market down fall and the economy shrinking by the day.  Use this time to do some strategic planning on your investment portfolios.  The US market is still the best way to move to prosperity in your lifetime.  First of all I personally am a big fan of our current president Donald J Trump, so if this offends you please leave now…  The use of this blog is to share ideas not get into political arguments because you WILL loose.  Leave that for all you facebook junkies.  Lets keep this as a method to share ideas that work, don’t work and the struggles one may have in this journey called life.

I for one have seen my portfolio drop by 30-40% and continues the downward trend.  I for one have never seen the market act the way it has.  I would consider my investment strategy fairly diversified with various US markets with minimal exposure to international markets.  Well by the looks of my portfolio that’s not enough.

I’m using this time as I predict next year taxes will enable several right off’s in losses.  Now’s the time to butcher holdings that have not performed as well as expected but didn’t want to liquidate to avoid a tax bill.

2019 was an exceptional year and our tax bill show’s it just to see the earnings go in the tank.  At least we have until July to pay since this pandemic struck.

All I can say is first and foremost STAY SAFE and WELL.

Now on to more interesting topics,,, like making smart choices to enabling one to prosper in this crazy market.

 

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