General [M]ayhem

Go Back   General [M]ayhem > General [M]ayhem > Everyday Life.
Register Members List Mark Forums Read [M]erchandise Calendar

Reply
 
Thread Tools
Serv0h
Stilts and a straw, you'll be in heaven.
 
Serv0h's Avatar
 
Index funds and diversification. But it sounds like your retirement MF is best suited to your situation. Vanguard is top-notch, and you don't have to pay commission fees.

T. Rowe Price also has good target retirement MFs, a bit more aggressive than Vanguard's.

If you want a good place to start, read this short blog post:
http://www.mymoneyblog.com/specific-...beginners.html

Broader overview:
http://www.mymoneyblog.com/my-money-...guide-to-money
__________________
█▀▀▀▀▀████████|||██|▓▓▓▓▓|██| -▬──▬☻
▀▀▀▀▀▀▀▀▀▀‛
___//╨─┘
__//
__||
▀▀
__________________
Malamute face is my warm fuzzy wifey! She penetrates my nose, butt, and rectum -- "Words of encouragement are overrated."
Old 12-29-2010, 01:59 PM Serv0h is offline  
Reply With Quote
#16  

Advertisement [Remove Advertisement]

zoopnazi
no zoop for you
 
zoopnazi's Avatar
 
I have a replica watch heavy portfolio and it's really paid off!

But honestly, I had a similar strategy a few years back, and was advised by a handful of professionals to keep it low risk. You've got a solid plan and a concrete need for the cash in the future, so just keep saving it. For me a high interest savings account (which is obviously as low risk as you can get) still netted me about 2%, but the fact that I saved was more important than the earning potential. So I came out with more than enough down payment and a good head start on my mortgage, without investing heavily.

So, my advice would be to keep saving and keep it low risk.
__________________
2007 Toyota Camry Hybrid

California Pizza Chicken
Old 12-29-2010, 03:08 PM zoopnazi is offline  
Reply With Quote
#17  

tegandje
LOOK AT ME, IM A FUCKIN HIPSTER
 
tegandje's Avatar
 
Quote:
Originally Posted by Serv0h View Post
Index funds and diversification. But it sounds like your retirement MF is best suited to your situation. Vanguard is top-notch, and you don't have to pay commission fees.

T. Rowe Price also has good target retirement MFs, a bit more aggressive than Vanguard's.

If you want a good place to start, read this short blog post:
http://www.mymoneyblog.com/specific-...beginners.html

Broader overview:
http://www.mymoneyblog.com/my-money-...guide-to-money
This, but look for the cheapest way to purchase funds. Most MF niggas be the same n shit so think bout savin you self some money therr on dem monies that you dont needa be tillin out unless you be loaded to the ceilin

ssga be some smart niggas - you might try them niggas
you might try and hit up some business run by yer alumni network - few these niggas i know be smart CFP niggas that been in the thing for like years n stuff - they take care they own
__________________
b35b36db324a18b072d431f4fbb833d1 [y yuo throw haet :( :(] porn may <3's yuo.
Old 12-29-2010, 06:14 PM tegandje is offline  
Reply With Quote
#18  

Serv0h
Stilts and a straw, you'll be in heaven.
 
Serv0h's Avatar
 
High-yield savings is a good idea, like zoopnazi mentioned.
https://www.smartypig.com/ offers 1.75%, which is one of the best rates out there. They've got kind of a wonky system, but it's still high-yield savings at heart.
__________________
█▀▀▀▀▀████████|||██|▓▓▓▓▓|██| -▬──▬☻
▀▀▀▀▀▀▀▀▀▀‛
___//╨─┘
__//
__||
▀▀
__________________
Malamute face is my warm fuzzy wifey! She penetrates my nose, butt, and rectum -- "Words of encouragement are overrated."
Old 12-30-2010, 07:41 AM Serv0h is offline  
Reply With Quote
#19  

Flames
 
Quote:
Originally Posted by ceejamon View Post
I'm an IT consultant for a big government contracting corp. Software design and systems engineering. That sort of thing.

Also, I'm looking into the replica watch market. Seems really lucrative.

You might want to look at investing in companies you know about, companies in your industry. I think it is easier to invest in companies you know the most about because when their stock drops, you know if it is worth selling or they will return with ease. You are also less likely to make irrational decisions because you have a better understanding of the industry.

I would start there then move to companies that interest you.
__________________
An insulting criticism or remark meant to incite anger, as on a computer network.
Old 01-01-2011, 10:21 PM Flames is offline  
Reply With Quote
#20  

tegandje
LOOK AT ME, IM A FUCKIN HIPSTER
 
tegandje's Avatar
 
Quote:
Originally Posted by Flames View Post
You might want to look at investing in companies you know about, companies in your industry. I think it is easier to invest in companies you know the most about because when their stock drops, you know if it is worth selling or they will return with ease. You are also less likely to make irrational decisions because you have a better understanding of the industry.

I would start there then move to companies that interest you.
Really not good advice.
Better to go for niggas that give you a divy so you can get more cheddar down the road n shit and even that be bad advice b/c them niggas that roll like that be niggas be expensive for the most part

also
eggs in a basket
__________________
b35b36db324a18b072d431f4fbb833d1 [y yuo throw haet :( :(] porn may <3's yuo.
Old 01-01-2011, 10:39 PM tegandje is offline  
Reply With Quote
#21  

Serv0h
Stilts and a straw, you'll be in heaven.
 
Serv0h's Avatar
 
Quote:
Originally Posted by andje View Post
Really not good advice.
Better to go for niggas that give you a divy so you can get more cheddar down the road n shit and even that be bad advice b/c them niggas that roll like that be niggas be expensive for the most part

also
eggs in a basket
Seconded. Bad advice.
__________________
█▀▀▀▀▀████████|||██|▓▓▓▓▓|██| -▬──▬☻
▀▀▀▀▀▀▀▀▀▀‛
___//╨─┘
__//
__||
▀▀
__________________
Malamute face is my warm fuzzy wifey! She penetrates my nose, butt, and rectum -- "Words of encouragement are overrated."
Old 01-01-2011, 10:42 PM Serv0h is offline  
Reply With Quote
#22  

Flames
 
Quote:
Originally Posted by andje View Post
Really not good advice.
Better to go for niggas that give you a divy so you can get more cheddar down the road n shit and even that be bad advice b/c them niggas that roll like that be niggas be expensive for the most part

also
eggs in a basket

is this english?

he works with IT, computers? networks? look at investing in these companies. he knows what companies put out computers that are selling great and have very few problems... they will sell more, buy their stock.

im not sure how "invest in companies you know a lot about so you are comfortable when they go through changes" is bad advice. lol
__________________
An insulting criticism or remark meant to incite anger, as on a computer network.
Old 01-01-2011, 11:07 PM Flames is offline  
Reply With Quote
#23  

Serv0h
Stilts and a straw, you'll be in heaven.
 
Serv0h's Avatar
 
It's simple, Flames. Individual stocks are too volatile, especially with such a small time of investment.
__________________
█▀▀▀▀▀████████|||██|▓▓▓▓▓|██| -▬──▬☻
▀▀▀▀▀▀▀▀▀▀‛
___//╨─┘
__//
__||
▀▀
__________________
Malamute face is my warm fuzzy wifey! She penetrates my nose, butt, and rectum -- "Words of encouragement are overrated."
Old 01-01-2011, 11:44 PM Serv0h is offline  
Reply With Quote
#24  

Flames
 
Quote:
Originally Posted by Serv0h View Post
It's simple, Flames. Individual stocks are too volatile, especially with such a small time of investment.

3 to 5 years?

If he did average with stocks he should make at least 10% / year...

I dont see why he couldn't do both, MF and individual stocks, he just might learn something.
__________________
An insulting criticism or remark meant to incite anger, as on a computer network.
Old 01-02-2011, 12:05 AM Flames is offline  
Reply With Quote
#25  

Serv0h
Stilts and a straw, you'll be in heaven.
 
Serv0h's Avatar
 
Quote:
Originally Posted by Flames View Post
3 to 5 years?

If he did average with stocks he should make at least 10% / year...

I dont see why he couldn't do both, MF and individual stocks, he just might learn something.
That's the "average" return of the stock market as a whole, but is always subject to large swings either up or down. So even if he were to invest in a total market index fund that 10% is no guarantee. As they say, "past performance does not guarantee future result".

Stocks are too volatile to put dump short-term savings in. A bond-heavy mutual fund would be more appropriate but, like was said before, the most appropriate place would likely be high-yield savings or CDs, if their rates get out of the toilet soon enough.
__________________
█▀▀▀▀▀████████|||██|▓▓▓▓▓|██| -▬──▬☻
▀▀▀▀▀▀▀▀▀▀‛
___//╨─┘
__//
__||
▀▀
__________________
Malamute face is my warm fuzzy wifey! She penetrates my nose, butt, and rectum -- "Words of encouragement are overrated."
Old 01-02-2011, 10:32 AM Serv0h is offline  
Reply With Quote
#26  

tegandje
LOOK AT ME, IM A FUCKIN HIPSTER
 
tegandje's Avatar
 
High yield savings was a good choice a few years back
3% is the highest you're going to see while keepin diarrhea like liquidity

$5k is good money to play around with - not to learn with. If you have the experience and have knowledge of technicals, it is sorta like counting cards into a 10 card deck against 5 WPT bracelet holders in a game of hold em. You might get lucky, but you're probably not gonna get massive gains n shit.

ETFS + MFs
Go get yo shit n be trashin yo blingblang round nigga


I have a trading background - took exchange courses in collages n shit and int business n shit and i dun did lern stuff bout them places
ive been in hush hush places where niggas be in lockdown till they be allowed to publish dem news n shit
__________________
b35b36db324a18b072d431f4fbb833d1 [y yuo throw haet :( :(] porn may <3's yuo.
Old 01-02-2011, 03:30 PM tegandje is offline  
Reply With Quote
#27  

Flames
 
Quote:
Originally Posted by Serv0h View Post
That's the "average" return of the stock market as a whole, but is always subject to large swings either up or down. So even if he were to invest in a total market index fund that 10% is no guarantee. As they say, "past performance does not guarantee future result".

Stocks are too volatile to put dump short-term savings in. A bond-heavy mutual fund would be more appropriate but, like was said before, the most appropriate place would likely be high-yield savings or CDs, if their rates get out of the toilet soon enough.


I still recommend putting $5-10k in stocks and learn about the market. It doesn't sound you are going to retire soon so you might as well start learning about it now.

If, worst case, you can afford to lose the money go for it, if not then go the safe route and forget about it for 3-5 years.
__________________
An insulting criticism or remark meant to incite anger, as on a computer network.
Old 01-09-2011, 03:53 PM Flames is offline  
Reply With Quote
#28  

tegandje
LOOK AT ME, IM A FUCKIN HIPSTER
 
tegandje's Avatar
 
Quote:
Originally Posted by Flames View Post
I still recommend putting $5-10k in stocks and learn about the market. It doesn't sound you are going to retire soon so you might as well start learning about it now.

If, worst case, you can afford to lose the money go for it, if not then go the safe route and forget about it for 3-5 years.
There are better ways to learn the market than to plop down that kind of cash. There are SO many tools available that this should not be something you do on a whim.

Seriously.
Index + ETFs
Saving money up front is a guaranteed way to maximize your returns.

Find a CFP in your area and talk with them and see what they can do for you. They might even shoot the shit with you and give you a half decent forecast.

25 years of strong investments is all you need to worry about. You can stagger and do whatever the fuck you want, but 25 years of good, strong investing, should be enough to keep you warm. Hell, you don't even have to be smart to soak up enough to keep you breathing. This is usually not the advice one normally receives, but it works.

You might look into ways you can make your money work for you in a less passive manner in your community. You might not get alot of money, but you might get a smile, a pat on the back and a free coffee.
__________________
b35b36db324a18b072d431f4fbb833d1 [y yuo throw haet :( :(] porn may <3's yuo.
Old 01-09-2011, 04:18 PM tegandje is offline  
Reply With Quote
#29  

ceejamon
Ignore this post
 
ceejamon's Avatar
 
I'm not really that concerned with retirement too much right now. I put 16K / year into my 401K, my company puts in another 14K between matching and "profit sharing". I put in 5K / year into my Roth IRA. Even earning a modest interest rate, that's a super decent chunk for retirement in 33 years. If I only earn an average of 7% / year (if my Excel FV formula is correct) that puts me at 4.6 Million in 33 years - and that's if I do the calculation as adding my contribution once per year rather than spread out per paycheck. Of course, once I've reached the short-term goal of buying a house, I'll be focusing my savings on more investments like stocks.

So I'm following a combination of advice here. I dumped $5000 into a Vanguard LifeStrategy Conservative Growth Fund. I'm putting another $5000 into a ScottTrade account. I'll be putting my savings into the Vanguard account for now. If I can beat that fund a few months in a row buying stocks on my own, I'll start alternating where I add my savings.

As for stocks, I'm reading "Real Money" by Jim Cramer because it was recommended to me by a friend. I've always assumed the guy was a hack based on seeing his show when flipping through, but I'm giving it a shot? Any other recommended reading on how to learn this stuff?
__________________
You see the glass as half empty. I see it as the perfect level for blowing milk bubbles!

Last edited by ceejamon; 01-10-2011 at 07:03 AM..
Old 01-10-2011, 06:52 AM ceejamon is offline  
Reply With Quote
#30  

Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -7. The time now is 11:54 AM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.