Talking to my broker

[SassyLady]

Have a meeting scheduled with my broker tomorrow to ask how much tech stock I own. I'm going direct him to leave a base amount in my accounts and sell off as much tech stock as he can.

[Abbey Marie]

Sassy, you are one of the few I think who lives their convictions. What are you doing about your phone? Apple and Android are both dirty.

[gabosaurus]

I applaud the strength of your convictions. But from a purely financial standpoint, the most stable and profitable are tech stocks. I know this because my husband is a financial advisor. Our stock portfolio can be seen as extremely dirty. But it is a financial investment, not a statement of beliefs. You can't retire on good intentions.

[jimnyc]

I applaud the strength of your convictions. But from a purely financial standpoint, the most stable and profitable are tech stocks. I know this because my husband is a financial advisor. Our stock portfolio can be seen as extremely dirty. But it is a financial investment, not a statement of beliefs. You can't retire on good intentions.

Tech stocks CAN be the most profitable but are also the most finicky and the more possibility of crashes. Twitter just dropped 10% as a result of all of this.

I agree with him to an extent, but you had BETTER know which ones to grab and when - and more importantly - when to hop off. Slow and smooth is what you want IMO, a longer lasting type of company. Microsoft is a good tech due to their size and scale. A tech that has but one product is much much chancier. AT&T is another, had their stock for like 25 years now. Some can have that prolonged market while others come on strong for a few years and then bam, they're gone with your investment.

And while they may rise quickly and therefore be more profitable than the long and slow - you can also lose much more and much quicker too.

And when it comes to convictions and the worry about losing an investment, a good broker should know a decent equivalent. I look for the slower and smoother, but thus far got luckier with some Tesla stock! :thumb:

[SassyLady]

Sassy, you are one of the few I think who lives their convictions. What are you doing about your phone? Apple and Android are both dirty.
When GAB's is available I'll probably switch.

The hardest one to give up was Starbucks. I really love the mocha Frappuccino.

[SassyLady]

I applaud the strength of your convictions. But from a purely financial standpoint, the most stable and profitable are tech stocks. I know this because my husband is a financial advisor. Our stock portfolio can be seen as extremely dirty. But it is a financial investment, not a statement of beliefs. You can't retire on good intentions.

Yes, my Apple, Facebook, Alphabet have good returns but I am not hugely invested in them so selling them and reinvesting in other good returns is better for my soul. I'm old enough that I have what I need to live out my days and I'd rather live them knowing I didn't contribute to facist companies. There are plenty of companies out there to support. Plus I made large loan to a local business couple years ago and I get 12% return consistently without market fluctuations. I'll be ok without tech and media stock.

[gabosaurus]

Of course, the most crucial part of this having a broker or analyst that you trust to make the right decisions for you. I just happen to live with one. :cool:

[tailfins]

When GAB's is available I'll probably switch.

The hardest one to give up was Starbucks. I really love the mocha Frappuccino.


Coffee shops are a disappointment. I get better at home. It's one of the perks of a Brazilian wife.

[SassyLady]

Of course, the most crucial part of this having a broker or analyst that you trust to make the right decisions for you. I just happen to live with one. :cool:

I do. Just sold all Amazon, Facebook, Alphabet, Google, godaddy, Microsoft and one other tech I've never heard of. Of course he tried to tell me they are faster growing sector but totally understands why I'm doing it. He'll invest in other high performing companies. I also have investments in foreign companies. I placed a hold on investing in any new tech until I call him.

I feel like I just wiped a turd off my shoe.

[tailfins]

I applaud the strength of your convictions. But from a purely financial standpoint, the most stable and profitable are tech stocks. I know this because my husband is a financial advisor. Our stock portfolio can be seen as extremely dirty. But it is a financial investment, not a statement of beliefs. You can't retire on good intentions.

You're absolutely correct. It's but one example of "the road to hell is paved with 'good' intentions".

[SassyLady]

Coffee shops are a disappointment. I get better at home. It's one of the perks of a Brazilian wife.

I don't like coffee. I get decaf Frappuccino.

[LongTermGuy]

I don't like coffee. I get decaf Frappuccino.

..... goes well with many things...

https://specsonline.com/wp-content/uploads/2018/11/008308966015.jpg

[SassyLady]

..... goes well with many things...

https://specsonline.com/wp-content/uploads/2018/11/008308966015.jpg

To hard core for me.