Over the past 2 years I’ve found a new hobby, my new favorite hobby to be honest, of following economic data and the global economy, the markets, and trading. More recently, I’ve just started working full time (less than a year now), so while I have learned a lot in the trading / market / economy arenas I haven’t dabbled too much into the INVESTING (long term, compounding yield, etc).
With that said, I gotta get good at this 401k game. So what are your best Buy and hold forever names that pay a dividend with decent growth potential? What other investments do you make to get consistent, solid yields? I don’t know anything about bonds (have yet to study up on em) other than its buying debt and the phrase “trillions in negative yielding debt”. What markets do you see becoming massive in the next 10-20 years and now would be a good time to buy in?
My 401k: Healthcare 25% - it was so beaten up earlier this year I couldn’t not buy in at the lows (owned for a little while now)
MJ 10% - pot etf, bought it at $16.22 because I believe in the weed industry long term and technicals showed possible capitulation on its move down to $16ish so I figured why not dabble, pays ~1% dividend right now (recent buy in)
GDX 25% - I think the dollar will lose value and I believe gold fundamentally beats fiat currencies ever since the dollar left the gold standard, historical charts would agree. Plus GDX had a massive falling wedge that was rejecting resistance and holding support like clockwork, bought in at $26.60, pays ~1% dividend. (Recent buy in)
International 40% - I think there will be a capital shift away from the United States markets and back into Europe, decent dividends hoping it will grow. (Been in for not too long but not crazy recent)
Sectors I want to invest in long term but have no positions, any name recommendations with good growth potential for price and dividends?
- 5G
- AI / Robotics
- Renewable Energy
- Autonomous Vehicles (Drones / self driving cars)
- Weed
- Space? We gonna be mining asteroids in 10 years? Any other cool, young, high potential sector recommendations appreciated!
Submitted December 04, 2019 at 07:14PM by EEBucks https://ift.tt/2DOn6Ux
