Post by JessieMB on Jun 5, 2020 14:53:51 GMT
I'm curious to know what everyone else is doing as far as stocks go.
In our home, we have three stock accounts that we manage ourselves.
So-Fi Stock
I also had some stock in Okta for a little bit, but I have a sneaking suspicion that they are way overvalued right now. Okta is an Identity Provider Service that helps verify people's computer/identity credentials when logging into this or that software. It's very popular right now, especially since everyone is teleworking from home and security is at the front of everyone's minds, but I have a gut feeling that the stock will probably decrease and plateau around $70-$100 per stock. At the time I bought in, it cost me $150ish. It's currently valued at $185. So when I sold it, I did make a little money.
I have also been watching Atlassian (of Jira and Trello fame) stock. That one fluctuates way too much for me to be comfortable with it. And, again, it is enjoying a (temporary?) boost from all the work-from-home situations going on right now.
And, finally, there are a couple I watch for comparison sake and one I watch for kicks and giggles. Si-Bone is watched as a comparison to Avinger. Intel is watched as a comparison to AMD. And Nintendo's stock I watch because it's Nintendo.
Anyone else play with stocks a little?
In our home, we have three stock accounts that we manage ourselves.
- Vanguard IRA - This is Snoopy's and he has it set-up to manage itself without any interaction from him.
- Fidelity IRA - This is mine and contains some roll-over 401k stuff from previous jobs. Again, it's on a management plan that we don't have to do anything with.
- So-fi - I stumbled across this company when I was getting a debt consolidation loan to pay off my credit cards. (It didn't work, of course. I just started using my credit cards again once their balance was low. This is a mistake I keep making... I *think* I have finally learned my lesson. I think. We'll see when my last credit card is paid off again.) ANYWAY, they also have something like a Robin Hood function where you can buy small or partial amounts of stock and actively manage it yourself. I am greatly amused by So-fi and like to play with it. I am also being very careful to not put too much money into the actively-managed portion of it, cuz I ain't no Wall Street trader with all the l33t knowledge of stocks or nuthin'.
So-Fi Stock
- One So-Fi Managed account set to a "Moderate" level of risk. I deposit $25.00 a month into it, and after 4 or 5 months of using this account, I have $495.56 in it and have gained a total of $20.56 of that from the stock performance itself.
- One "Active Investing" account. It's new as of 2 or 3 months ago. I deposit $85 a month into it, but that may decrease by $50 if Paul ever decides where he wants his Money Market Savings money to go (cuz $50 of my $85 is for savings I am building up for him.)
- Delta - 2.3 shares, will be buying up to 5 total shares in it throughout the coming months, if the cost stays low. This was the first stock I bought into on my own, and I managed to nab up my shares while they were down to $19.00 a share. Usually, Delta's stock value is somewhere between $50-$60 per share. But, you know, COVID. So far, I have dropped $40 into this and have a total value of $74 dollars - so I've gained $34.I am pleased as punch about this success. I mean....it would have been way better if I could have afforded to buy 100 shares at $19 each, but I don't have that kind of money to waste on a gamble.
- Orion Engineered Carbons - They make Carbon Black and Rubber Carbon Black. Super cool~~ and, of course, one of our sons is named Orion. This is one I'm doing for Paul as a sort of Daddy-Gift. Again, I only have 2 shares and I bought in while the stock was between $7-$8 each. Again, not talking big numbers here.
- Avinger - This is a looooong shot. They make "image-guided, catheter-based systems to help physicians treat patients with peripheral artery disease." Mmmkay. I got to this one somehow by trying to find some stock that I could pretend was related to our other son, Gabriel. I don't remember the fake connection, now. Anyway, this stock was under $0.30 each, so I bought 100 shares for a total of $30 bucks. Yay. This stock is usually around $1.00 each and they recently filed with the FDA to start marketing a new item to doctors. This particular type of filing can take up to 9 months to complete. If they get approved, I expect their stock to improve (maybe it'll even hit $2.00 a share~). If they get denied, I expect their stock to drop. If they manage to make it back up to $1.00 per share after COVID, I will net a profit of $70 off my $30 investment. Whooo. Super high stakes, I know.
- AMD - This is the only stock for Paul that he actually chose for himself. He's hoping their upcoming announcement about...something something...will be...compatible with? rival? Nvidia's graphic card...? I am certain I got all of that wrong. I'm very bad with computer hardware details, and since I didn't research this one myself, it isn't sticking in my brain. This is the most expensive stock we own right now, and I don't anticipate a huge benefit from it since it is already the highest it has been for the past 5 years, and its competitors' stocks aren't much higher than where AMD is now (we're talking less than $10 difference on stocks that cost between $50 and $60 each.) But they have been consistently going up in value for the past five years, and it make Snoopy happy. So, yeah, we own 1 share of AMD stock.
I also had some stock in Okta for a little bit, but I have a sneaking suspicion that they are way overvalued right now. Okta is an Identity Provider Service that helps verify people's computer/identity credentials when logging into this or that software. It's very popular right now, especially since everyone is teleworking from home and security is at the front of everyone's minds, but I have a gut feeling that the stock will probably decrease and plateau around $70-$100 per stock. At the time I bought in, it cost me $150ish. It's currently valued at $185. So when I sold it, I did make a little money.
I have also been watching Atlassian (of Jira and Trello fame) stock. That one fluctuates way too much for me to be comfortable with it. And, again, it is enjoying a (temporary?) boost from all the work-from-home situations going on right now.
And, finally, there are a couple I watch for comparison sake and one I watch for kicks and giggles. Si-Bone is watched as a comparison to Avinger. Intel is watched as a comparison to AMD. And Nintendo's stock I watch because it's Nintendo.
Anyone else play with stocks a little?
