Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking
for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of
mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out
there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
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To remove first post, remove entire topic.
Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking
for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of
mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out
there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
find some solid moderate risk no-load mutual funds and put your money in them. The key is to keep reinvesting the divends and capital gains. Just make yourself your mutual funds are diverisified, i.e. Banking, Auto, Gas, Pharm. Not neccesarily those things but you get the picture.
lastly go invest 1/2 of everything you own in Joez's jeans, it was a stock that all of the guys in the covers investment section like that is tanking miserably.
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Quote Originally Posted by BusinessTime:
Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
find some solid moderate risk no-load mutual funds and put your money in them. The key is to keep reinvesting the divends and capital gains. Just make yourself your mutual funds are diverisified, i.e. Banking, Auto, Gas, Pharm. Not neccesarily those things but you get the picture.
lastly go invest 1/2 of everything you own in Joez's jeans, it was a stock that all of the guys in the covers investment section like that is tanking miserably.
find some solid moderate risk no-load mutual funds and put your money in them. The key is to keep reinvesting the divends and capital gains. Just make yourself your mutual funds are diverisified, i.e. Banking, Auto, Gas, Pharm. Not neccesarily those things but you get the picture.
lastly go invest 1/2 of everything you own in Joez's jeans, it was a stock that all of the guys in the covers investment section like that is tanking miserably.
Maybe this wasnt the best place to ask this question..
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Quote Originally Posted by sean2114:
find some solid moderate risk no-load mutual funds and put your money in them. The key is to keep reinvesting the divends and capital gains. Just make yourself your mutual funds are diverisified, i.e. Banking, Auto, Gas, Pharm. Not neccesarily those things but you get the picture.
lastly go invest 1/2 of everything you own in Joez's jeans, it was a stock that all of the guys in the covers investment section like that is tanking miserably.
Maybe this wasnt the best place to ask this question..
Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking
for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of
mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out
there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
I will preface this by saying that I`m not an expert, but I`ve been reading about how pension plan strategies, managing investment risk, and asset allocation strategies lately in order to inform myself more about minimizing my risk while investing. I would recommend reading up on some of these topics - they might give you a good idea of how to diversify and minimize your risk with reasonable steadiness of returns.
One of the principles of asset allocation is that you invest part of your portfolio in each of: cash and cash equivalents, fixed income (bonds), equities, real estate (including real estate trusts), and absolute return investments. The proportion of each of these five asset classes in your portfolio depends on your desired return, which determines the risk you are comfortable with. It is said that for a given level of desired return, there is an optimal, minimal level of long-term risk you should take that you won`t reach your return goal and steps should be taken to unnecessarily have greater risk in your portfolio. Proper diversification would help you manage inflation, currency, interest rate, market, and manager risk.
I doubt that there is one particular mutual fund out there that would magically be steady every year. If you pick investment managers with the help of a financial advisor, I would make sure that they are independently audited and fund assets are held in trust separate from the manager (to avoid a Bernie Madoff situation). Another thing that seems to be recommended is to spread your investments around to different managers so you don`t have one person controlling the direction of your whole portfolio.
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Quote Originally Posted by BusinessTime:
Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking
for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of
mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out
there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
I will preface this by saying that I`m not an expert, but I`ve been reading about how pension plan strategies, managing investment risk, and asset allocation strategies lately in order to inform myself more about minimizing my risk while investing. I would recommend reading up on some of these topics - they might give you a good idea of how to diversify and minimize your risk with reasonable steadiness of returns.
One of the principles of asset allocation is that you invest part of your portfolio in each of: cash and cash equivalents, fixed income (bonds), equities, real estate (including real estate trusts), and absolute return investments. The proportion of each of these five asset classes in your portfolio depends on your desired return, which determines the risk you are comfortable with. It is said that for a given level of desired return, there is an optimal, minimal level of long-term risk you should take that you won`t reach your return goal and steps should be taken to unnecessarily have greater risk in your portfolio. Proper diversification would help you manage inflation, currency, interest rate, market, and manager risk.
I doubt that there is one particular mutual fund out there that would magically be steady every year. If you pick investment managers with the help of a financial advisor, I would make sure that they are independently audited and fund assets are held in trust separate from the manager (to avoid a Bernie Madoff situation). Another thing that seems to be recommended is to spread your investments around to different managers so you don`t have one person controlling the direction of your whole portfolio.
Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking
for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of
mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out
there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
I work for a financial firm; PM me and I will try and get more info and see if there is anything I can do or advice I can give you.
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Quote Originally Posted by BusinessTime:
Ok im 28. single. 40k in savings. no debt. make 5k a month. I am looking
for the best way to invest my money. I can easily keep re-investing 3k every month in some kind of
mutual fund or any other options that are available. Would this be my best bet for steady growth year after year? Any advice out
there from the covers financial gurus? Right now my money is sitting in the bank doing nothing!
I work for a financial firm; PM me and I will try and get more info and see if there is anything I can do or advice I can give you.
I would not be long the market here, the risk vs reward is not advantageous.
I would also not be long any sort of savings vehicle that was illiquid or long in length..so like a 5 year CD, rates are terrible and not worth the return for the holding period.
I have been selectively investing hit and run. Take profits when they are there and be very quick in taking them.
Keep saving up and have money available for if you want to purchase a stock or a property etc that presents a very favorable return potential with lowered risk.
Nothing wrong with having liquid capital, no need to rush out there and buy a stock or a mutual fund right now.
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I would not be long the market here, the risk vs reward is not advantageous.
I would also not be long any sort of savings vehicle that was illiquid or long in length..so like a 5 year CD, rates are terrible and not worth the return for the holding period.
I have been selectively investing hit and run. Take profits when they are there and be very quick in taking them.
Keep saving up and have money available for if you want to purchase a stock or a property etc that presents a very favorable return potential with lowered risk.
Nothing wrong with having liquid capital, no need to rush out there and buy a stock or a mutual fund right now.
I would not be long the market here, the risk vs reward is not advantageous.
I would also not be long any sort of savings vehicle that was illiquid or long in length..so like a 5 year CD, rates are terrible and not worth the return for the holding period.
I have been selectively investing hit and run. Take profits when they are there and be very quick in taking them.
Keep saving up and have money available for if you want to purchase a stock or a property etc that presents a very favorable return potential with lowered risk.
Nothing wrong with having liquid capital, no need to rush out there and buy a stock or a mutual fund right now.
This is VERY solid advice. I'm in the market about 60%, but I'm ready to bail in a second. I did well when it hit bottom until now because I had really good advice. I'm not about to give that all back. This thing aint going to 13K. In fact, I think it's more likely we hit another dip.
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Quote Originally Posted by wallstreetcappers:
I would not be long the market here, the risk vs reward is not advantageous.
I would also not be long any sort of savings vehicle that was illiquid or long in length..so like a 5 year CD, rates are terrible and not worth the return for the holding period.
I have been selectively investing hit and run. Take profits when they are there and be very quick in taking them.
Keep saving up and have money available for if you want to purchase a stock or a property etc that presents a very favorable return potential with lowered risk.
Nothing wrong with having liquid capital, no need to rush out there and buy a stock or a mutual fund right now.
This is VERY solid advice. I'm in the market about 60%, but I'm ready to bail in a second. I did well when it hit bottom until now because I had really good advice. I'm not about to give that all back. This thing aint going to 13K. In fact, I think it's more likely we hit another dip.
This is VERY solid advice. I'm in the market about 60%, but I'm ready to bail in a second. I did well when it hit bottom until now because I had really good advice. I'm not about to give that all back. This thing aint going to 13K. In fact, I think it's more likely we hit another dip.
What about some of these highly rated mutual funds that have shown gains over 3, 5, and 10 years... Still not recommended?
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Quote Originally Posted by HutchEmAll:
This is VERY solid advice. I'm in the market about 60%, but I'm ready to bail in a second. I did well when it hit bottom until now because I had really good advice. I'm not about to give that all back. This thing aint going to 13K. In fact, I think it's more likely we hit another dip.
What about some of these highly rated mutual funds that have shown gains over 3, 5, and 10 years... Still not recommended?
What about some of these highly rated mutual funds that have shown gains over 3, 5, and 10 years... Still not recommended?
Hard to answer unless you know exactly what is in front of you. And I know dick about answering investment questions. I am lucky....I have a buddy who does it for a living.
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Quote Originally Posted by BusinessTime:
What about some of these highly rated mutual funds that have shown gains over 3, 5, and 10 years... Still not recommended?
Hard to answer unless you know exactly what is in front of you. And I know dick about answering investment questions. I am lucky....I have a buddy who does it for a living.
Hey, my finance professors as well as my bro, who I feel knows his shit, told me to take risks when you're young. I agree 100%. I'm also 28 yrs old, and take home about the same as you each month. I've played it safe and diversified in a lot of blue chip, high dividend stocks. I pretty much diversified myself out of any real substantial gains. I took most of my savings and dumped it into one company who I feel has a great long term outlook. I don't need the money right now, so I won't cry if I lose most of it. No debt, no house, no family, so I'm taking as much risk now as I can. Don't play it safe in a mutual fund if you can stomach losing 10 grand here or there. I would take more risk at our age if I were you. GL.
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Hey, my finance professors as well as my bro, who I feel knows his shit, told me to take risks when you're young. I agree 100%. I'm also 28 yrs old, and take home about the same as you each month. I've played it safe and diversified in a lot of blue chip, high dividend stocks. I pretty much diversified myself out of any real substantial gains. I took most of my savings and dumped it into one company who I feel has a great long term outlook. I don't need the money right now, so I won't cry if I lose most of it. No debt, no house, no family, so I'm taking as much risk now as I can. Don't play it safe in a mutual fund if you can stomach losing 10 grand here or there. I would take more risk at our age if I were you. GL.
Look for a rental property or a duplex.... while housing is in the crapper you can get something cheap and get a cheap rate (potentially)...then you can try and pay it off quick and you start making money.....
Stay single.....
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Max out a Roth IRA....
Look for a rental property or a duplex.... while housing is in the crapper you can get something cheap and get a cheap rate (potentially)...then you can try and pay it off quick and you start making money.....
lippsman gives good advice.....his money management for sports betting is the same as investing except we call it asset allocation....
start working the 40 k into roth.....
sean had good advice also.....spread it out....no load....international, etc....you need to dollar cost average into investments.....buy in several things with 10k now, again in 4months, again, etc.
your young so 75% can be risky stuff......25% solid stuff.....at 50 years old move 50% solid stuff....at 75 move to 75%....at 100 only hold t bills.....
here are some things I like....china mobile, mcdonalds, energy and bank funds, bp, hp, ....
good luck....
assume you have no pension benefits......so assuming you got 30 years to 55......you need to put about 15k per year away
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lippsman gives good advice.....his money management for sports betting is the same as investing except we call it asset allocation....
start working the 40 k into roth.....
sean had good advice also.....spread it out....no load....international, etc....you need to dollar cost average into investments.....buy in several things with 10k now, again in 4months, again, etc.
your young so 75% can be risky stuff......25% solid stuff.....at 50 years old move 50% solid stuff....at 75 move to 75%....at 100 only hold t bills.....
here are some things I like....china mobile, mcdonalds, energy and bank funds, bp, hp, ....
good luck....
assume you have no pension benefits......so assuming you got 30 years to 55......you need to put about 15k per year away
Right now my money is sitting in the bank doing nothing! 
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