If there is such a thing as an investing rut, I often worry that I’m in one. As a relatively new investor, I max out my IRA every year, but that’s about all I do. There is no second tier to my investing process, so I have been trying to learn more about other means of investing in hopes that I will invest more, or at least strengthen my current investments in the new year.
I think a lot of young professionals are unsure of where to put their money beyond the 401(k). If you’re someone who has resolved to become a better investor in 2017, here are some starter tips. To help guide these tips, I spoke with investment expert Hans Scheil, who is the president of North Carolina-based Cardinal Retirement Planning, Inc., and the author of The Complete Cardinal Guide to Planning for and Living in Retirement. A 40-year veteran in the financial services industry, he works to help investors create a diverse and stable investment portfolio.
1. You should only invest beyond your 401(k) and IRA if you are already contributing as much as you are allowed to.
investment funds: Safe Bulkers Inc(SB)
- [By Ben Levisohn]
StarBulk Carriers (SBLK) and Safe Bulkers (SB) have more than tripled during the past 12 months, while Golden Ocean Group (GOGL) has more than doubled. So it must be time for an upgrade right?
- [By Elizabeth Balboa]
Meanwhile, Safe Bulkers, Inc. (NYSE: SB) rose $0.73 throughout the 2016, Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) fell $1.69 and Navios Maritime Partners L.P. (NYSE: NMM) dropped $0.93.
investment funds: Gladstone Land Corporation(LAND)
- [By Cameron Swinehart]
Gladstone Land Corp (LAND) –
A U.S. based farmland investment company that currently offers a plus 9% annual distribution. It owns and leases farmland in Florida, California, Michigan and Oregon with appraised land value of $79 million. The distribution is paid monthly which should attract income investors.
investment funds: Spark Therapeutics, Inc.(ONCE)
- [By Paul Ausick]
Spark Therapeutics Inc. (NASDAQ: ONCE) dropped 44% Monday to post a new 52-week low of $41.06 after closing at $73.38 on Friday. The 52-week high is $91.75. Volume was around 13.5 million, nearly 30 times the daily average of about 480,000. The company’s hemophilia A drug posted disappointing trial results.
- [By Jim Robertson]
On Wednesday, our Elite Opportunity Pronewsletter suggested going long again on small cap gene therapy stock Spark Therapeutics (NASDAQ: ONCE):
Financially, Spark Therapeutics has over $300M in cash on the books and no debt to speak of yet, which equates to a share price of just over four times cash. The Company has generated over $20M in revenue for the trailing twelve months, and although the Company is expected to continue to lose money for the next few years, any strong clinical data that hits the tape could rocket shares of ONCE overnight, just like we’ve seen with so many others over the years.
- [By Lisa Levin]
Shares of Spark Therapeutics Inc (NASDAQ: ONCE) were down 36 percent to $47.08 on preliminary SPK-8011 trial data.
Athenex Inc (NASDAQ: ATNX) was down, falling around 13 percent to $13.95. Almirall and Athenex reported a strategic partnership to develop and commercialize KX2-391 in the U.S. and Europe.
- [By Chris Lange]
Spark Therapeutics Inc. (NASDAQ: ONCE) saw its shares take a big step back on Monday after the firm reported less than favorable results at the American Society of Hematology (ASH) annual meeting. Analysts have taken this opportunity to weigh in on the stock:
investment funds: Cowen Group, Inc.(COWN)
- [By Lisa Levin]
Cowen Group Inc (NASDAQ: COWN) shares were also up, gaining 17 percent to $15.80 after the company posted upbeat Q1 earnings.
Equities Trading DOWN
investment funds: Swedish Export Credit Corp (GRU)
- [By Casey Wilson]
Investing in commodity-based ETFs (exchange-traded funds) or ETNs (exchange-traded notes) is a great way to gain exposure to a specific commodity, like corn (NYSE Arca: CORN), livestock (NYSE Arca: COW), or grains (NYSE Arca: GRU).