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Financial Planning / Foolish 401(k)s


Subject:  Re: Roth 401K-brokers that allow individual stoc Date:  8/20/2013  6:04 PM
Author:  joelcorley Number:  25116 of 25617


aj485 has already covered most of it...

You wrote, Instead of being vague about the stocks I have now, and your wondering about my abilities to pick decent ones, I only have Tesla Motors and Amazon stock right now. I know, I know, it's not diverse but $5,000 won't buy much when it comes to aggressive companies. Today, combined, they are at a 12% gain. They have been as high as over 20% on some days (Tesla by itself has been over 30%). The market is down some right now though.

Seriously? I mean those are great companies. But those are not the basis of a great portfolio. In a nutshell, you are speculating and you need more diversification. I would say you're taking a lot of risk here; but to be fair it's only $