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_0
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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.