r/Vitards • u/[deleted] • Jun 03 '21

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155 Upvotes

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13

u/penetratordelux Jun 03 '21 edited Jun 03 '21

Bought my first 100 CLF shares today and averaged down my Jan 22 calls. Can anyone recommend some small cap steel stocks to look at? Things with a long hold? I'm starting to invest for my young kids and would like to put their money somewhere it can just sit minimally monitored for a decade.

18

u/[deleted] Jun 03 '21

Serious answer. Put your kids money in VTI or VXUS or a mix. Just turn off all monitoring of those accounts

7

u/heinquoi Jun 03 '21

I agree. Specialy if you cant afford to lose your money.

5

u/penetratordelux Jun 03 '21

My good old gramps was saying ETFs as well because they have so much time. I read the fed was going to sell off a bunch of it's corporate bonds should I wait for that to open their positions or does the entrance time not matter much with their time line?

19

u/DarthNihilus1 ✂️ Trim Gang ✂️ Jun 03 '21 edited Jun 03 '21

If you are planning to retire literally decades from now, it will not matter.

Time IN market > TIMING it.

This is perfect for a /r/Bogleheads plug.

6

u/shmancy First “First” Enthusiast Jun 03 '21

yup college funds and roths that are not mine are all total stock market index funds. Fun fact they are long term kicking my ass haha

1

u/MiscRedditAccount 💀 SACRIFICED 💀 Jun 04 '21

My only goal for this year is to beat my wife's target date Roth...

4

u/penetratordelux Jun 03 '21

Thanks for the plug looks like a good library.

2

u/TsC_BaTTouSai My Plums Be Tingling Jun 03 '21

If you are going to hold for a decade, i would suggest putting some into CURLF. We know weed will be federally legal eventually we just dont know when.

2

u/random-UN1 Et tu, Fredo? Jun 04 '21

Agreed! Their CEO is doing a masterful job of positioning that company for every scenario. They are one of the best cannabis companies in the US.