Author Topic: Investing and personal finance  (Read 185579 times)

IroNat

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Re: Investing and personal finance
« Reply #250 on: February 22, 2020, 04:02:27 PM »
Banks are in my experience among the worst places to invest your money.

38 is no longer young.  Time is necessary to compound your money.

Educate yourself.

Irongrip400

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Re: Investing and personal finance
« Reply #251 on: February 25, 2020, 07:48:47 AM »
Banks are in my experience among the worst places to invest your money.

38 is no longer young.  Time is necessary to compound your money.

Educate yourself.

BB&T/Scott & Stringfellow. Not the actual bank but their investments arm. I deal with some good folks there who’ve made me some money. But, you’re right, I need to get better educated. I never read the prospectus and rarely attend the dinner meetings/seminars I get invited to. I should probably start but time is precious so I rely on them to be the experts.

IroNat

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Re: Investing and personal finance
« Reply #252 on: February 25, 2020, 11:47:33 AM »

bigkid

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Re: Investing and personal finance
« Reply #253 on: February 25, 2020, 06:22:24 PM »
I'm 37.  I've been investing for 15 years.  It took me about 7 years of trading to realize i would be much better off emotionally and financially if I passively invested my money.  Since 2012 I've been buying a basket of ETF's (IVV, QQQ, DVY, SCHD) and a couple mutual funds that I like(FBIOX, FOCPX and FPBFX).  I'm heavily weighted in the S&P.  Right now I'm probably 70% stocks 5% bonds and 25% cash. I maybe have 5-7% exposure to international or emerging market equities I make my buys once a month.  Occasionally, If i think the market is oversold, i will make an additional monthly purchase. I'm holding a big cash position which sucks when the S&P is up 30% in a year, but I also look for rental properties I can scoop up and I want to have the flexibility.  The market is also in some crazy territory and that scares me a little too.  I don't try to time the market.  I make my buys regardless of whether the market is up or down that day. 

mazrim

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Re: Investing and personal finance
« Reply #254 on: February 27, 2020, 05:33:32 PM »
I'm 37.  I've been investing for 15 years.  It took me about 7 years of trading to realize i would be much better off emotionally and financially if I passively invested my money.  Since 2012 I've been buying a basket of ETF's (IVV, QQQ, DVY, SCHD) and a couple mutual funds that I like(FBIOX, FOCPX and FPBFX).  I'm heavily weighted in the S&P.  Right now I'm probably 70% stocks 5% bonds and 25% cash. I maybe have 5-7% exposure to international or emerging market equities I make my buys once a month.  Occasionally, If i think the market is oversold, i will make an additional monthly purchase. I'm holding a big cash position which sucks when the S&P is up 30% in a year, but I also look for rental properties I can scoop up and I want to have the flexibility.  The market is also in some crazy territory and that scares me a little too.  I don't try to time the market.  I make my buys regardless of whether the market is up or down that day. 
Similar to what my wife and I do in that we like to have some cash around for rentals. Would love to purchase a mobile home park at some point.

FitnessFrenzy

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Re: Investing and personal finance
« Reply #255 on: March 01, 2020, 04:06:15 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #256 on: March 02, 2020, 02:11:58 PM »

Agnostic007

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Re: Investing and personal finance
« Reply #257 on: March 02, 2020, 09:37:05 PM »
for those with some play money.. Sunpower.. Fluctuates between $7 and $14. mainly between 8 and 11. If you time these you can make some good money. Don't take my word for it. Just watch it for a few months.  I usually have my buy set at $7.50 and sell at $12 but anything between that is pretty safe

FitnessFrenzy

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Re: Investing and personal finance
« Reply #258 on: March 06, 2020, 04:24:27 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #259 on: March 07, 2020, 03:26:29 AM »

Purge_WTF

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Re: Investing and personal finance
« Reply #260 on: March 07, 2020, 06:24:31 AM »
for those with some play money.. Sunpower.. Fluctuates between $7 and $14. mainly between 8 and 11. If you time these you can make some good money. Don't take my word for it. Just watch it for a few months.  I usually have my buy set at $7.50 and sell at $12 but anything between that is pretty safe

 How much would you recommend investing as a minimum?

FitnessFrenzy

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Re: Investing and personal finance
« Reply #261 on: March 11, 2020, 01:42:14 PM »

loco

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Re: Investing and personal finance
« Reply #262 on: March 12, 2020, 07:52:28 AM »


Loco approved.  Like he said: Fucas (focus) on businesses, not stock price.   ;D

IroNat

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FitnessFrenzy

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Re: Investing and personal finance
« Reply #264 on: March 26, 2020, 02:10:39 AM »

IroNat

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Re: Investing and personal finance
« Reply #265 on: March 27, 2020, 07:54:46 AM »
This might sound like a good idea but what happens when these folks retire?  Answer: no money.

Obviously, they could take the money anytime before but with the 10% penalty.  

Treat your 401k and IRA like a pension plan.  Don't touch it except to add to it until you retire.

Don't borrow from it.  Don't take money out. 

>

Coronavirus Bill Lets Struggling Americans Tap Retirement Money

https://finance.yahoo.com/news/coronavirus-bill-lets-struggling-americans-100000134.html


IroNat

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Re: Investing and personal finance
« Reply #266 on: March 28, 2020, 03:07:18 AM »
For a sense of perspective:

S&P Historical Prices

https://www.multpl.com/s-p-500-historical-prices

IroNat

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Re: Investing and personal finance
« Reply #267 on: March 28, 2020, 03:11:03 AM »
Financial stats of all kinds:

https://www.multpl.com/sitemap

FitnessFrenzy

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Re: Investing and personal finance
« Reply #268 on: April 01, 2020, 02:21:40 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #269 on: April 01, 2020, 07:48:09 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #270 on: April 09, 2020, 01:01:03 AM »

Agnostic007

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Re: Investing and personal finance
« Reply #271 on: April 09, 2020, 01:35:28 AM »
How much would you recommend investing as a minimum?

I don't think there is a minimum. It's what you can afford to play with. I just put $5K in it Friday morning for my wife. It's up 26% since then. That's not typical. I caught it at $4.65 It's getting close to $6 now. This virus has screwed up it's normal fluctuation so it's new to me on how high it will go before it starts coming down again. I'm going to retract my earlier post because I just don't have the confidence I did then. I don't mind gambling my money and especially the wife's money  :)  but I'd hate someone else to lose on something I suggested

Edit**up 42.07% as of today. 4/14 after 6 days. She got pretty lucky, Her $5K is now $7070

Agnostic007

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Re: Investing and personal finance
« Reply #272 on: April 09, 2020, 01:37:45 AM »
This might sound like a good idea but what happens when these folks retire?  Answer: no money.

Obviously, they could take the money anytime before but with the 10% penalty.  

Treat your 401k and IRA like a pension plan.  Don't touch it except to add to it until you retire.

Don't borrow from it.  Don't take money out. 

>

Coronavirus Bill Lets Struggling Americans Tap Retirement Money

https://finance.yahoo.com/news/coronavirus-bill-lets-struggling-americans-100000134.html



That's good advise. I would exhaust every available option I had before I thought about touching it. I think I would have to be on the verge of being homeless

FitnessFrenzy

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Re: Investing and personal finance
« Reply #273 on: April 10, 2020, 12:58:27 AM »
I don't think there is a minimum. It's what you can afford to play with. I just put $5K in it Friday morning for my wife. It's up 26% since then. That's not typical. I caught it at $4.65 It's getting close to $6 now. This virus has screwed up it's normal fluctuation so it's new to me on how high it will go before it starts coming down again. I'm going to retract my earlier post because I just don't have the confidence I did then. I don't mind gambling my money and especially the wife's money  :)  but I'd hate someone else to lose on something I suggested

what did you buy?

Agnostic007

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Re: Investing and personal finance
« Reply #274 on: April 10, 2020, 12:21:50 PM »