Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Hi OP, I noticed you asked for some sources where you can get started on learning. I was in your shoes last year, and I got started by reading a lot on www.bogleheads.org
In very few words, what I...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Those cookie cutter plans have gotten me way ahead of the average bear in my age/income . I'll take it.
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
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One site that has helped me a ton is www.investopedia.com
Lots of great info. Hope that site helps you at some point..good luck!
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
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You could consider the option of buying a nice rental property, if you live in an area where that is popular. Mortgages are low and rents are high right now. With a decent down payment, if you...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Yeah, I agree, but I want to at least have options.
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
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perhaps I misunderstood your comment about diversification
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
4,967 Views
Which is why you always, always, always take profits in a bull market. When you see everyone move to one side of the ship, start selling and move to the other side. Crowded trades and mass psychology...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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If your only retirement investments are stocks you are/will be throwing thousands away on taxes during your lifetime.
You are using after tax dollars to invest in stocks which you will most...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
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You are off on the age deal on 401k's, under estimating taxes and overall tax planning.
Good luck.
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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What do you mean? Care to enlighten me?
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
4,967 Views
Those returns mean nothing... You got lucky on apple... i suspect that is the majority of your profit. I wouldn't be eager to start investing for real with those results. You basically flipped a...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Fantastic. Consider yourself ahead cause you don't have to unlearn a bunch of useless garbage. :)
Like Dwad just said it all comes down to risk tolerance. Never think you have to go all in on...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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I love this topic, mostly because it's exactly the position I was in a couple of years ago. Fresh out of college, I had a job and got an apartment, and had no idea what to do with my money. So here's...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Very interesting resposnes!
To begin an investment vehicle of any sort (whether it's a Stock, Bond, Mutual Fund, CD or RothIRA), how much "entry money" should I be looking at? For example, if I...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Ya fark diversification... who needs to diversify!
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Okay, well I think you need at least $2,500 to invest in a mutual fund. When I started investing through Fidelity the minimum I could put in a mutual fund was $2,500. Not sure if that differs...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Only those who invest. :yummy:
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
4,967 Views
i'm in the same boat as all of you here.
i was fortunate to have saved as much as i have after 1 year... (saved $10K my first year) and my salary is about average for a political science major so...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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First off, I commend you for realizing that you need to learn something about investing before you jump right in. So many people never bother to take the time to understand investing - these are the...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Is that $1,000 money you need, or is it money you can afford to lose? Because if it's money you need, such as for emergencies, keep it in a 100% safe place that will let you get to the money at any...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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I tried investopedia and one thing that I've found was that long term investments work.
I've been on it since 2010 (But didn't have the money to invest in actual stocks) and my net worth has...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Check T Rowe Price. They have funds where you can get in for $250ish as long as you auto debit at least $50 from your checking into the fund each month. It's how I got started.
Did tax...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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I agree. You should probably only invest after-tax money using a brokerage account after you max out your 401(k) (not "maxing" your employer contribution; I mean the $17k contribution limit).
Not...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Of course! The tax implication!
I guess I wasn't clear enough when I say investopedia. Investopedia is a stock market simulation program, so I have no money in the stock market yet. In fact, my...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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Another option that you have if you are interested in real property is to buy a home and then sell it to a tenant under a lease option contract, or as a seller financed property.
One big advantage...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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I'm an academic at heart with a desire to always learn and grow as a person. I'm newly enrolled in an M.B.A. program, have a good-paying office job compared to many of my peers who are 26-28 years...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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I would love to hear more about this topic as well as I am in a similar situation as the OP.
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
4,967 Views
I am in a similar position to you. In the beginning of my career journey and finally getting a real paycheck. There is a lot of good information out there and a lot of bad information out there as...
Need Advice: Personal Finances & Investments 101 for Late-20's Male?
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Thread created 04-19-2012 by Comp625
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28 Replies
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You should looking into renting before you drop 20% into a house.
