Poker Chip Updates ( pics)
So as some might know or not know, the Mom picks basically guide me every two weeks to which 2-4 stocks get more of the biweekly deposits invested into them.
since we are at 27 stocks, 3 colors of chips now have 7 each and yellow is still at 6. Next stock when I finally pick one by tomorrow will be a yellow poker chip. The colors of the chips represent nothing significant at all and just have multiple colors for variety.
This is very interesting, how did you this come to be? I didn’t know about this story. Care to tell? Or link to where it’s explained
@from100kto1m ok.. it actually started cause I tried to get my very young niece involved while she was here for the summer a few years ago. I wanted to start teaching her about money and math, so the school work she learned all year did not go to waste. She loves math. So I was putting names in a hat and letting her pick the stocks. I started teaching her how to invest. So after she spent the summer, I asked my mother if she would like to continue with as MOM picks.
so basically I put 200 dollars in my ROTH IRA every two weeks.
25 dollars to each MOM Pick 50
25 to MSFT I have designated MSFT as my true Anchor stock.
the other 125 goes to all other stocks in 5 dollar increments.
once the stock becomes a MOM pick, it is not retuned to the bag until all stocks have been picked. I picked poker chips cause I was tired of the little piece of paper being folded and needing to be rewritten constantly. Hope this makes some sense , if still too vague we can definitely discuss more.
@from100kto1m also Microsoft is never in the bag for my MOM picks, it is the only stock guaranteed to get the 25 each pay period. I also have other small guidelines that I try to follow as much as possible. Like 10% of all other deposits should go to MSFT. Also I set investing goals for the year. For example, I had a goal of getting my KO to 1,000 dollars for 2022. When I consolidated some stocks the last few months and plugged that money into the remaining stocks, it pushed KO to my goal. I am unsure if I should stop investing in a stock for the calendar year once the goal is reached. I am forever trying new things and moving around a bit.