Jun 26, 2020

Gained $11.5k - reinvest or cash out?

So I came into some solid gains recently. I bought Nikola before the reverse-merger (when it was VectorIQ) at $14 and sold this week at $72. I actually did the research pre-merger on NKLA so please don't group me in with the Robinhood cowboys, lol, but I made about $11.5k in gains.

What should I be doing with that money now? I know it's not a lot, but it's the most I've ever made in my short 2 years of having a Fidelity account. Given the volatility we've seen the past few days, do you guys see it continuing? Should I have it as cash on the sidelines instead or pump it into QQQ or VOO?

Thanks in advance for the advice because I am really tempted to cash out on the gains and go buy something stupid like a watch and some shoes.

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36 Comments

HF

3y

Put it all on ZOM

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IB

Prospect in IB - Gen

3y

Cash out, all on bitcoin

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AM

3y

Most Helpful

Buy a life coach who can explain to you the difference between luck and skill....and then buy a passive fund

RE

Analyst 2 in RE - Comm

3y

I already have passive funds in the portfolio but I suppose more doesn't hurt. Lol life coach we'll see about

O

3y

Cash out and buy a used Rolex.

Isaiah_53_5 💎🙌💎🙌💎

O

2y

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

CD

3y

Funniest

Quit your job and set up a hedge fund.

I don't know... Yeah. Almost definitely yes.

O

3y

Buy the watch and shoes.

"Out the garage is how you end up in charge It's how you end up in penthouses, end up in cars, it's how you Start off a curb servin', end up a boss"

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IB

2y

Buy and watch the hoes.

VP

AM

3y

Always remember to pay the tax man first - especially on a large gain. Deal with that first, then go from there.

See my other blog posts

IB

3y

Kiyosaki says pay the tax man last

Authored by: Certified Investment Banking Professional - 1st Year AnalystCertified Investment Banking Pro

PE

3y

kiyosaki is a fraud, look it up

Authored by: Certified Private Equity Professional - Executive DirectorCertified Private Equity Pro

Jean-Baptiste Say

PE

3y

Kiyosaki=Asian Amway Tai Lopez

IB

3y

I think now you have enough wisdom to start your own company and post ads on YouTube about how you made millions in the stock market and how you can teach others how to too.

![Gained $11.5k - reinvest or cash o

https://media1.giphy.com/media/11tpgWnpezWKNa/giphy.gif" alt="lamborghini" />

Will update my computer soon and leave Incognito so I will disappear forever. How did I achieve Neanderthal by trolling? Some people are after me so need to close account for safety.

Isaiah_53_5 💎🙌💎🙌💎

O

3y

wowwww nice paintjob

![https://media0.giphy.com/media/PkXrOxe77MbmavlfWa/giphy.gif][https://me…]

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Isaiah_53_5 💎🙌💎🙌💎

O

3y

time for a new bike

$11.5K will cover most of it - trust me - you'll be happy you did this - watches are dumb - bikes are cool

CERVELO PX-SERIES DISC RED ETAP AXS 1 PULSE ENDURANCE SPORTS $12,500.00

https://www.pulseendurance.com/products/cervelo-px-series-red-etap-axs-…

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

O

3y

Ah yes the holy grail, will I sub 10 Kona if I buy this?

Isaiah_53_5 💎🙌💎🙌💎

O

3y

Ilikethegym:
Ah yes the holy grail, will I sub 10 Kona if I buy this?

Yes sub 10 Kona is practically guaranteed. If you can pull off the run.

![https://content.active.com/Assets/Active.com+Content+Site+Digital+Asset…] [https://content.active.com/Assets/Active.com+Content+Site+Digital+Asset… https://content.active.com/Assets/Active.com+Content+Site+Digital+Asset…

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

RE

3y

Cervelo? Boring. Get a Pinarello and call it a day.

Authored by: Certified Real Estate Professional - Vice PresidentCertified Real Estate Pro

Isaiah_53_5 💎🙌💎🙌💎

O

3y

ok then -

Pinarello Bolide TT MSRP: $14,499.00

https://www.wrenchscience.com/road/frames/Pinarello/Bolide+TT/2020/

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

RE

Analyst 2 in RE - Comm

3y

I do need a bike for sure. But $12.5k to get around? I like nice bicycles but what will this do for someone who wants the average/above average ride in New York?

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Isaiah_53_5 💎🙌💎🙌💎

O

3y

Central park is really fun to ride. I'd check out your local bike shop for deals. You should be able to get a good bike for $2K-5K if you want a good carbon fiber frame bike.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

O

3y

I have a private HF set up, AMAZING returns, dm me for my PayPal, ill hook you up mate

PE

3y

Rolex time

Authored by: Certified Private Equity Professional - Vice PresidentCertified Private Equity Pro

IB

3y

Reinvest.

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RE

3y

Your best bet is to dollar cost average into a low cost broad based ETF. VOO, VTI, SPY will all do the trick. I would buy in 4 equal increments of $3k spaced out over a few months. there’s really no right answer how to buy, just make sure you don’t try to time the bottom.

Authored by: Certified Real Estate Professional - Vice PresidentCertified Real Estate Pro

IB

3y

PLEASE explain further. I am still trying to make $1,000 so I can pay my medical bill!

I only have $100K in my bank account so really need the money or I will go down to $99K!https://media2.giphy.com/media/MbG2IHi2IC496en8mR/giphy.gif" alt="e" />

Will update my computer soon and leave Incognito so I will disappear forever. How did I achieve Neanderthal by trolling? Some people are after me so need to close account for safety.

RE

Analyst 2 in RE - Comm

3y

Thanks, this is what I'm looking for

RE

3y

Buy a house

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IB

Intern in IB-M&A

3y

Better hide it before the left wing mob comes along demanding reparations

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Isaiah_53_5 💎🙌💎🙌💎

O

3y

Analyst 2 in RE - Comm:
I am really tempted to cash out on the gains and go buy something stupid like a watch and some shoes.

Could always buy some art as well.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

O

3y

Buy 11 TSLA shares.

CB

3y

Remember that you will be paying short-term cap gains on your return so save some for tax time

Authored by: Certified Commercial Banking Professional - 1st Year AnalystCertified Commercial Banking Pro

CO

2y

[Comment removed by mod team]

PrivateTechquity 🚀GME🚀

PE

2y

GameStop shares and DRS homie

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion

IB

2y

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PE

2y

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