I have $60k to invest now - What would you do?

[clarkejl2]

Hi everyone,
I'm new to the forum, but wanted to jump in with a question.

My personal brokerage account is approx. 86% TSLA--I started buying in 2019. This is outside of my retirement accounts.

My average price per share is around $400.

I have $60k ready to invest now, and am debating between more TSLA vs ARKG, or perhaps another option entirely. FYI I'm 33, married with 1 kid, and have zero debt and a steady income.

Feel free to share your ideas! Many thanks

 

[mickificki]

Look here: What other tech stock to consider?

tons of options here.

 

[clarkejl2]

Look here: What other tech stock to consider?

tons of options here.

thanks a ton!

 

[Opus BC fan]

I still think Tesla is undervalued and just getting started. Tesla is innovating and executing better than anything out there.
I would put my money on TSLA, especially if you are looking at 2 years or more as an investment horizon.
I am 99% TSLA in my self directed 401k and personal trading accounts.

 

[chronoreverse]

It's a TSLA forum so TSLA

 

[UltradoomY]

Don't spend it all at once - good advice I received here. Set up a plan to put $15k into TSLA (or whatever you choose) every couple of weeks to make sure you DCA.
(not financial advice)

 

[clarkejl2]

thank you for your replies so far.

I plan to add more to TSLA, and now also strongly considering ARKG + LMND for the remaining.

I see potentially a lot of upside for LMND, but also concerned that their moat isn't big enough.

 

[clarkejl2]

Don't spend it all at once - good advice I received here. Set up a plan to put $15k into TSLA (or whatever you choose) every couple of weeks to make sure you DCA.
(not financial advice)

great advice, will definitely DCA unless there are any major dips that present clear opportunities soon

 

[DocBrownFan]

Great advice across the board.

I would recommend AAPL as a good stock to own long term and to act as an indirect hedge given your significant TSLA exposure.

As a general rule, I’ve learned to only buy stocks you are willing to hold forever. That should narrow the list. Cheers.

 

[ReddyLeaf]

I’m almost all TSLA, so will continue with that advice. Use the mandatory morning dip (10:15-11:30) to your advantage. Pick your days and dollar cost average over a few weeks. At your age, that $60k might just fund full retirement.

 

[vikings123]

AMC

 

[clarkejl2]

Great advice across the board.

I would recommend AAPL as a good stock to own long term and to act as an indirect hedge given your significant TSLA exposure.

As a general rule, I’ve learned to only buy stocks you are willing to hold forever. That should narrow the list. Cheers.

awesome advice, thank you i have some apple, but may add more

 

[clarkejl2]

AMC

lol

 

[clarkejl2]

I’m almost all TSLA, so will continue with that advice. Use the mandatory morning dip (10:15-11:30) to your advantage. Pick your days and dollar cost average over a few weeks. At your age, that $60k might just fund full retirement.

awesome advice