I probably should have just bought Amazon and called it a day. But then again, a good friend of mine was beating that rhetoric into my head over a year ago and I ignored him. Therefore, in my futile attempt at using my own brain I picked up two stocks that I will hold through this retail quell.
Yesterday, after posting stellar earnings and quarterly revenues over 100 BILLION dollars, I bought Walmart.
This morning, in the wake of a Singles Day blowout, I bought Alibaba.
Both positions constitute long term holds unless they completely deteriorate into muderholes like Go (fuck yourselves) Pro.
Now that I have affixed exposure to retail, I will head over to Amazon and start Christmas shopping o_0If you enjoy the content at iBankCoin, please follow us on Twitter
Raul, do you keep your long term holds in your retirement accounts or brokerages? Sorry if I’ve asked this before.
One of the biggest areas of investing/trading that interest me is how people position themselves and the types of assets held in their retirement accounts (IRAs and 401Ks). I will be posting about this soon.
I hold long term stocks in a regular margin account. My IRA holds mostly index and bond etfs.
Thanks for the response. As a follow up, in your regular margin account, is this where you do the majority of trading, or is it in a separate account? I appreciate the insight.