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techniquetech | 1 year ago

was in similar position -- rolled all previous employers into vanguard IRA, self directed; VTI, NVDA, JPM, COST, MRK...

have not regretted decision to take direct control

discuss

order

thephyber|1 year ago

Are you listing all of the stock tickers you invested in, or are we only getting a curated subset?

People overestimate their ability to pick stocks when they are up. Not everyone gets lucky.

(For the record, I am up a lot but I sold my NVDA way too early to take advantage of the current hockey stick)

techniquetech|1 year ago

I listed the largest positions accounting for majority of $ invested and majority of portfolio.

I definitely have other bets which did NOT work out; FSLY -90.58%, ZIZTF -76.81%. These were smaller bets, I'm still bag holding hoping Nightingale turns it 'round @ FSLY.

I recently exited AAPL in May, which turned out to be a poor move.

I'm definitely NOT great at picking stocks and I probably do overestimate my ability. Look at my horrible FSLY pandemic trade.

Taking direct control and responsibility has been a good learning and overall financially rewarding experience for me.

publicdaniel|1 year ago

One downside of rolling it into an IRA is that you'll pay more in taxes to do backdoor roth IRA conversions every year. I think it's better to leave it in 401k if the fund options / fees are acceptable.

erik_seaberg|1 year ago

Another is that 401(k) accounts are protected from creditors by federal law, where IRAs vary by state.

p1esk|1 year ago

How do you choose the companies?

twitexplore|1 year ago

Looks like they read Jim Cramer's Mad Money book: choose 5 diverse companies and research them about an hour a week.