IroNat
Getbig V
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Posts: 7476
Mad Dogs and Engishmen
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« Reply #250 on: February 22, 2020, 04:02:27 PM » |
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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.
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Irongrip400
Getbig V
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Pan Germanism, Pax Britannica
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« Reply #251 on: February 25, 2020, 07:48:47 AM » |
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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. |
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IroNat
Getbig V
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Posts: 7476
Mad Dogs and Engishmen
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« Reply #252 on: February 25, 2020, 11:47:33 AM » |
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bigkid
Getbig IV
Posts: 2427
I know that
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« Reply #253 on: February 25, 2020, 06:22:24 PM » |
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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.
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mazrim
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« Reply #254 on: February 27, 2020, 05:33:32 PM » |
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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. |
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FitnessFrenzy
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« Reply #255 on: March 01, 2020, 04:06:15 AM » |
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FitnessFrenzy
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« Reply #256 on: March 02, 2020, 02:11:58 PM » |
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Agnostic007
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« Reply #257 on: March 02, 2020, 09:37:05 PM » |
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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
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FitnessFrenzy
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« Reply #258 on: March 06, 2020, 04:24:27 AM » |
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FitnessFrenzy
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« Reply #259 on: March 07, 2020, 03:26:29 AM » |
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Purge_WTF
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« Reply #260 on: March 07, 2020, 06:24:31 AM » |
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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? |
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FitnessFrenzy
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« Reply #261 on: March 11, 2020, 12:42:14 PM » |
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loco
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« Reply #262 on: March 12, 2020, 06:52:28 AM » |
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Loco approved. Like he said: Fucas (focus) on businesses, not stock price.  |
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IroNat
Getbig V
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Posts: 7476
Mad Dogs and Engishmen
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« Reply #263 on: March 17, 2020, 01:08:04 PM » |
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FitnessFrenzy
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« Reply #264 on: March 26, 2020, 01:10:39 AM » |
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IroNat
Getbig V
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Posts: 7476
Mad Dogs and Engishmen
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« Reply #265 on: March 27, 2020, 06:54:46 AM » |
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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 Moneyhttps://finance.yahoo.com/news/coronavirus-bill-lets-struggling-americans-100000134.html |
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IroNat
Getbig V
Gender:
Posts: 7476
Mad Dogs and Engishmen
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« Reply #267 on: March 28, 2020, 02:11:03 AM » |
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