Financial Advice
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- bklyndroobeki0
Anyone know how a 403(b) different from a 401(k), would it be a detriment to make the switch? I've always invested in 401.
- A 403(b) plan, also known as a tax-sheltered annuity plan, is a retirement plan for certain employees of public schools, employees of certain Code Section 501(c2002
- you have to have certain type of job2002
- ah, it was for a design gig at an educational institution.bklyndroobeki
- aslip0
Real estate has proven to be pretty solid for me. Ultimately turned into a side biz since last fall. Ultimate goal is to have plenty of income properties to fuel more biz development & passive income. But yes, diversification is key.
- Great if you got in a few years ago, testing the top now in many markets, which should change when for sale products start againformed
- (and the over supply of rentals pushes rent rates down)formed
- diversification isn't key, it's a way to keep slow growth even slowermonospaced
- It's a way to balance the portfolio, if you don't, then you get killed when a market segment goes done. It's key for the long term.formed
- yes, it balances out all your earnings with losses, it's a way to not really go anywheremonospaced
- as soon as I started focusing, I started making real moneymonospaced
- Mono, not everyone has the time or know how to invest in individual stocks. Most people just want to invest and forget2002
- What type of investing are you doing? Aside from you just holding on to AAPL?2002
- AAPL is my smallest holding. Most of my investing is in mutual funds. International growth, Health & sciences, etc. i also have no time for regular investingmonospaced
- my T.Rowe Price health mutual fund has returned 300% in 10 years.monospaced
- Mono - you make no sense, you criticize diversification, but then you own diverse MUTUAL funds!formed
- a mutual fund is somewhat diverse, but extremely focused in a single area, such as health, tech, international growth, etcmonospaced
- cbass990
my dad lost all his money in the market. now he's 73 and doesn't have a cent for retirement..i asked him the other day what he's gonna do when he can't work anymore, and he said, "I don't know." :(
he was a day trader, wrote a few books..but lost his ass on a couple deals.
- damn, that's not easy to domonospaced
- I wonder how much he lostpinkfloyd
- pinkfloyd, not sure..but all of it.cbass99
- He just went under at 73 while day trading or back in the day in some deals?monospaced
- about 10 years ago, lost it all.cbass99
- formed0
Anyone have a self-directed IRA? Like if you want to invest in companies that aren't public or real estate.
- capn_ron0
i think I'm getting screwed also studderine. I have been paying attention to my accounts and realizing that the charges are by far outnumbering the gains. And I have a healthy amount in there. I am at the point where I am going to call up my guy and tell him i want to stop. I am doing better at work with the matching and feel like i'm wasting money at NW.
- Yeah, I just cashed out. It's a long story but we should chat.studderine
- monNom0
The coca-cola logo was designed in photoshop by the owner's nephew. FACT.
- uh huh... decades before photoshop existed. and coke has no owner as it went public in 1919.sarahfailin
- kona0
Ok in all seriousness. 2 years ago I did a smart thing and combined a couple old 401ks and hired a professional to manage our money. He's actually the lead analyst for MSN money (or was maybe) and has been doing a fantastic job. I've used Ameriprise in the past and they were OK, but I must say, hiring the right pro was a wise decision.
- Kona, does your guy work with a firm or is he an independent money manager?studderine
- He has his own firm. It's pretty big.kona
- mekk0
A portfiolio with
- 10 biggest tech firms, like google/apple/ms/amazon
- 10 biggest war firms like raytheon/h&k/halliburton/lockhee...
- 10 biggest media firms like news corp/sky etc.
- 10 biggest food firms like nestle/monsanto etcI have portfolios like these running since 2007 and they've made 200% risings. all of them. Of around 50 firms only 4 or 5 lost money.
- Selling your soul and destroying the world. priceless...yurimon
- http://s3.amazonaws.…yurimon
- how is the oil in your car brought home?mekk
- I'd add in some healthcare and maybe some dividend players. But making your own mutual fund, of sorts, is a good way to diversifyformed
- yurimon, you are one confused kidmonospaced
- We all contribute to the it. not saying I'm special. I'm trying. this is so embedded in society its very hard but possible to change. matter of effort timeyurimon
- Just think about it, baby steps.yurimon
- Mono, do you know what these companies are doing to the environment, lobbying, quality of life on this planet? you want to sacrifice people for some $.yurimon
- do I give a fuck?monospaced
- I mean, I get it, you won't invest because you won't support these companies, so kindly fuck off from the thread.monospaced
- obviously you have problems with care, so I dont take it seriously.yurimon
- obviously you have problems with investing, and nothing to add, so go away pleasemonospaced
- nah. I think real estate rental property is best. You could do what ever you want. Its not investing you are doing by the way.yurimon
- Good for you, and good luck with your rental properties. You own some, I assume? Also, I am investing, by the way.monospaced
- Maybe you are, unconscionably perhaps.yurimon
- 20021
Hire a pro when markets are down. When markets are up (like right now), ride it up on your own.
- <monospaced
- Yeah, positioning for a downturn is a more difficult strategy (at least for me)formed
- focus on fixed income when things are heading downward.2002
- vaxorcist0
In Warren Buffett's 2014's letter "To the Shareholders of Berkshire Hathaway Inc.," (page 20) Buffett revealed his instructions in his will to the trustee for his wife's benefit: "Put 10% ... in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers."
- http://longbets.org/…nb
- An interesting read from both sides.nb
- Brk B shares have been fantastic for me, Brk A's if you got moneyformed
- capn_ron0
I need to hear how you got screwed. I'm with Northwestern Mutual now and have a few different things going on with them.
- He might have sold you the same thing I have man. I recently "wised up" and took a closer look and the literature I have read says what I'm doing is "bad".studderine
- studderine0
Yeah, I think I got a little bit fucked with some bullshit policies I have with Northwestern Mutual.
- I did it when I was young and didn't truly understand what I was doing :/studderine
- mg330
I read somewhere yesterday that investing in water companies - specifically companies that will be involved in tapping into water reserves around the world - may be a good move. Lots of talk in the right places about potential global water shortages - the middle east especially.
- pinkfloyd0
Put it all in apple. iWatch baby.
- Are you channeling mono?utopian
- It's like you're reading my mindpinkfloyd
- I do love the apple brand, just to be clearpinkfloyd
- LOL u guise.monospaced
- i can feel the lovemoldero
- Put it into Apple after the iWatch fails, the stock drops, and they eventually revolutionize the car industry somehow. That's what I'm planning to do.mg33
- Is the Apple Watch going to fail? If it makes them profit is it a fail, or is fail dependent on internet opinions from QBN?monospaced
- clearly, it's soley based on QBN and the rhetoric we spew. DUH!lvl_13
- mekk0
- 20020
Most of investment advisors or funds are based on Vanguard funds. You can exactly replicate their strategy and positions through same ETFs.
You are paying for advisory fee on top of fund fees.
But best thing you can do is to research index funds - you pay no fees on these funds.
Buy only index funds. It mirrors the stock market and performs the same.
Vanguard
https://investor.vanguard.com/mu…
- formed-2
Start reading, there is plenty out there. Cramer is an easy one and gives decent, (mostly) unbiased opinions. His "am I diversified" segment is one of the better ones. You MUST be diversified.
Short term advice would be an S&P index fund. Vanguard has several good bets (Wellelsey and Wellington are a good place to strart for long term investments).
I would NOT hire a pro, they'll take at least 1% yearly. Start with a diversified fund and start learning. It's your money, know where it goes and what it does. Just remember diversification, diversification, diversification.
- plash0
get a professional; someone whom is willing to consult for free (kind of a get to know meet) and offer up a rate schedule. shit is super complex but trust your gut bro. crooks are crooks and you should know how to spot the amateurs. business relationships are a good thing to know how to spot.
- 20020
Try robo-investing
Betterment
Wealthfronti have had pretty good returns.
its really worth it when you have 50k+ to invest in and take advantage of tax harvesting
- interesting...
http://investorjunki…utopian - Wealth front has some nice optionsutopian
- interesting...
- notype0
Nice take on moviepass