Sooo, I met with my financial advisor yesterday and requested his opinion on what I should do with my Humana stock in my 401K. It's down to the point I will be taking a huge hit moving it out so I really wanted to leave it in stock until the stock price comes back up some to lessen the impact. He looked at me and said, you need to get out now. He also indicated Humana is severely mismanaged and leadership is taking the company down.
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Your 401k should be diversified and likely following an index like the S&P 500 or in another index-aligned, ETF-type fund. The reality is you've missed an inflation-adjusted return of about 40% since 2020 by not using the most basic diversified portfolio.
Your financial guy need to convince you to sell so he can get your proceed to invest in his” top picks” so he can collect his commission and he can sell puts on Humana at the same time to make more money by telling you to sell?
I am considering selling now, too, before it goes to damn near zero. I have lost enough and the future is not looking bright for Humana.
Wall streets institutions are shorting Humana stock heavily. It will not get any good until 10/30's Q3 result is released. If the result looks good, short may pause. Otherwise, big price fall can happen before Thanksgiving certainly. https://press.humana.com/news/news-details/2024/Humana-Inc.-to-Release-Third-Quarter-2024-Results-on-October-30-2024/default.aspx#gsc.tab=0
I mean how much more could you lose?
I think your advisor is just paying attention to the news, its been all over CNBC about everything that's been going on this week. That said, I think he's dead wrong about selling, it's kinda too late for that, you're best to hold on and hope it rallies some. Many of the analysts I follow are saying do not buy though.
Yes I doubt your financial advisor has anything other than his personal opinion regarding H leadership - also Its usually better to ride out these dips than sell so low. This is still a huge company and will likely rebound at some point.
Lmao this post is complete BS. What would your financial advisor know about Humana leadership?
When Cigna inevitably buys it out you may get a bump since it's typically bought at a premium compared to market price.
I asked my brother-in-law a year ago if I could invest in a s&p 499 fund without humana in it...too bad it didn't exist.
I mean he’s not wrong about the stock but he likely knows nothing about Humana’s leadership etc. MA is not the business it used to be for everyone outside of UHC.
This doesn’t surprise me in the least bit. Anyone in the financial world will tell you exactly what your financial advisor told you. I’m just really glad that I don’t have a bunch of Humana stock. Good luck to those senior leaders that do. Joke will be on them when they’re unemployed and have lost their money.
I got out a year ago bro