6 ms·
was in similar position -- rolled all previous employers into vanguard IRA, self directed; VTI, NVDA, JPM, COST, MRK... have not regretted decision to take dir
by techniquetech 2y 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
- p1esk 2y agoHow do you choose the companies?
- twitexplore 2y agoLooks like they read Jim Cramer's Mad Money book: choose 5 diverse companies and research them about an hour a week.
- techniquetech 2y agoI don't follow -- care to extrapolate?
- thephyber 2y agoAre 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 2y agoI 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 2y agoOne 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 2y agoAnother is that 401(k) accounts are protected from creditors by federal law, where IRAs vary by state.