Thank you, Cassius. We chose VYM for Parker's custodial account. I remember strongly considering SCHD and VIG more briefly. But I've had my fun. My plan is to trust the simple path to wealth and pump as much money into the same ETF as possible.
Investing is ceaseless learning and being wrong. It’s boring but some decent ETFs are the best way to keep pace with the market. You’ve learned that a lot faster than many of us do. Now I worry people are losing money on new hot ETFs instead of some of the classics like Cassius mentioned above.
I think if you like to research, there’s nothing wrong with stock picking as a hobby. I’ve got some risky small bets. If it’s less than a meal in a restaurant or a concert ticket that’s my rule of thumb for being okay to spend on it.
I went back and forth on Nike but agree it may not be a massive growth stock at this point. I watch people’s feet a lot, so many On sneakers and Crocs. I was tempted by CROX but didn’t love the Hey Dude acquisition. I may be wrong there.
I find investing in food appealing but it never pays off well for me (a small stake in AVO is one of my risky bets). I own Starbucks for the dividend but I worry it has lost its advantage.
I could have this type of money talk all day, Deidre! I love your rule of thumb as a guardrail of sorts for yourself. I could see how that would hold you accountable with your investing.
And it's Hoka for me. I see them everywhere! Between Hoka, On, Crocs and New Balance, I'm watching Nike's market share dwindle in real time. And that's just the shoes. In my experience, it appears many women have shifted to Lululemon and Alo for their athletic apparel as well. I still believe in Nike over the long term. But its stock, along with my Hershey position, is teaching me a valuable lesson in opportunity cost.
As for Starbucks, I still see massive lines every time I go through airports. No matter the time of day. And new stores are still popping up all the time. Domestically, I believe the company will be fine. I'm more concerned about how it'll navigate its challenges in China.
I relate to the struggle between wanting to pick individual stocks and invest in ETFs. Over time, I've made the same transition to predominately investing in ETFs. I was very glad when most platforms removed their transaction fees. It made it much easier for me to make small rather than large bets whenever I had a conviction about a specific company to scratch that itch.
I appreciate you sharing. It helps to hear that I'm not alone, because I truly feel silly holding legacy companies all this time as if they would pop and make us filthy rich. Lesson learned, I suppose. I just wish I learned it sooner. Sizing appropriately is another discipline I'm working on implementing. I see now how it can save me a lot of trouble.
SCHD, VYM, VIG are some good dividend etf as well
Thank you, Cassius. We chose VYM for Parker's custodial account. I remember strongly considering SCHD and VIG more briefly. But I've had my fun. My plan is to trust the simple path to wealth and pump as much money into the same ETF as possible.
Investing is ceaseless learning and being wrong. It’s boring but some decent ETFs are the best way to keep pace with the market. You’ve learned that a lot faster than many of us do. Now I worry people are losing money on new hot ETFs instead of some of the classics like Cassius mentioned above.
I think if you like to research, there’s nothing wrong with stock picking as a hobby. I’ve got some risky small bets. If it’s less than a meal in a restaurant or a concert ticket that’s my rule of thumb for being okay to spend on it.
I went back and forth on Nike but agree it may not be a massive growth stock at this point. I watch people’s feet a lot, so many On sneakers and Crocs. I was tempted by CROX but didn’t love the Hey Dude acquisition. I may be wrong there.
I find investing in food appealing but it never pays off well for me (a small stake in AVO is one of my risky bets). I own Starbucks for the dividend but I worry it has lost its advantage.
I could have this type of money talk all day, Deidre! I love your rule of thumb as a guardrail of sorts for yourself. I could see how that would hold you accountable with your investing.
And it's Hoka for me. I see them everywhere! Between Hoka, On, Crocs and New Balance, I'm watching Nike's market share dwindle in real time. And that's just the shoes. In my experience, it appears many women have shifted to Lululemon and Alo for their athletic apparel as well. I still believe in Nike over the long term. But its stock, along with my Hershey position, is teaching me a valuable lesson in opportunity cost.
As for Starbucks, I still see massive lines every time I go through airports. No matter the time of day. And new stores are still popping up all the time. Domestically, I believe the company will be fine. I'm more concerned about how it'll navigate its challenges in China.
I relate to the struggle between wanting to pick individual stocks and invest in ETFs. Over time, I've made the same transition to predominately investing in ETFs. I was very glad when most platforms removed their transaction fees. It made it much easier for me to make small rather than large bets whenever I had a conviction about a specific company to scratch that itch.
I appreciate you sharing. It helps to hear that I'm not alone, because I truly feel silly holding legacy companies all this time as if they would pop and make us filthy rich. Lesson learned, I suppose. I just wish I learned it sooner. Sizing appropriately is another discipline I'm working on implementing. I see now how it can save me a lot of trouble.