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Theoretical question: $20000

OGputtnfool

OGputtnfool

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Let's assume you won the lottery. Big take, but not big enough to retire. Let's say you want to take $20k and dump it into one or two stocks for long term investments. What do you choose?

Assume mutual funds are already covered. I'm specifically thinking of individual stocks.
 
Right now?

DraftKings is one I would buy. Sports gambling is going to pass in waves on the other side of this as states look for tax revenue they need to keep their budgets balanced.
 
Not sure right now as I have not taken any time lately to look into it. You can bet there will be some nice investments over the next three to five years and maybe longer because of this covid junk.
 
Exxon Mobile.

I bought a few weeks ago mid $30s. It's crazy on sale, even at $43.

Could also throw some at the JETS etf. Gamble, but also crazy cheap.
 
Pfft. I am putting it all on red.

 
NVGOLFER80 said:
Investing is not too far from gambling.. o_O:ROFLMAO:
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Only if you go in blind. With research, investing can be far more predictable than gambling. Especially when considering a 50/50 proposition.
 
OGputtnfool said:
Only if you go in blind. With research, investing can be far more predictable than gambling. Especially when considering a 50/50 proposition.
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Very true. I was more being sarcastic.
 
NVGOLFER80 said:
Very true. I was more being sarcastic.
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I figured. I guess there's some truth to it though. I mean, we're always gambling that China won't make up a virus in a lab to try to destroy our economy, right? :unsure::eek:
 
What are you looking for?

Dividends?
Long term investment?

I'm not a certified financial planner.

I'd look at the stocks that are part of the S&P 500 and grab one of them... that pays dividends quarterly. Maybe something like Pepsi Cola or Coke. Or Kimberly-Clarke...

Reasons: I like diet pepsi. My wife likes diet coke. Everyone needs TP.
 
OGputtnfool said:
I figured. I guess there's some truth to it though. I mean, we're always gambling that China won't make up a virus in a lab to try to destroy our economy, right? :unsure::eek:
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Our that our national debt will get to the point that continuing to hold interested rates at zero will not make the dollar completely collapse.
 
NVGOLFER80 said:
Our that our national debt will get to the point that continuing to hold interested rates at zero will not make the dollar completely collapse.
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That's not really an if, but when, I'd think.
 
OGputtnfool said:
Only if you go in blind. With research, investing can be far more predictable than gambling. Especially when considering a 50/50 proposition.
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I would argue that over the long run gambling is far more predictable than investing in particular stocks. The problem is that it is predictably profitable for the casino, not the gambler.
 
Major tech stocks are a great investment right now, especially those making money in cloud services. Look at some who announced earnings for the period covering the lockdown who still beat estimates. I'd rather not name any names for a few different reasons but that's my personal, nonprofessional opinion and I own stock in many of those same companies.
 
Healthcare and transportation stocks are what I would invest in. Longterm for the long run.
 
not a financial analyst... But if I won the money now? I am discount shopping... It's basically gambling and I am gambling big on companies that will rebound and rebound hard.

Boeing
Ford
Cruise Lines
Air Lines

Tech Stock - Alteryx
 
I got some ideas but not confident enough to speak them aloud. Even in a theoretical exercise.
 
Vader said:
Exxon Mobile.

I bought a few weeks ago mid $30s. It's crazy on sale, even at $43.

Could also throw some at the JETS etf. Gamble, but also crazy cheap.
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@Vader is correct IMO. XOM and Chevron have both depressed stock pricing and historically high dividend levels that they are committed to maintaining.
 
UPWK (full disclosure: I bought at $8.37 last week).

Remote and gig-work has been trending and should explode thanks to COVID.
 
Instead of stocks, I would hold on to it for a little bit and try and catch the real estate market at the bottom again. Lot's of foreclosures coming and businesses trying to get out from under properties. Will be able to pick some small properties up for a song. It is sad to say that, but I believe it will be the near future due to the Covid.
 
Vader said:
Exxon Mobile.

I bought a few weeks ago mid $30s. It's crazy on sale, even at $43.

Could also throw some at the JETS etf. Gamble, but also crazy cheap.
Click to expand...

I was thinking oil as well...at least for now.
 
DataDude said:
Right now?

DraftKings is one I would buy. Sports gambling is going to pass in waves on the other side of this as states look for tax revenue they need to keep their budgets balanced.
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Could definitely get any sports gambling on the cheap right now as it is sure to rise when sports come back.
 
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