Joined Jan 2010
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Investment Suggestions
May 22, 2022 at
08:48 AM
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Finance
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Last Edited by slicbrat May 22, 2022 at 09:21 AM
Hello, I have around 40K in my bank account that I would like to invest in the market instead of collecting 0.000001% that my bank pays me. I am contributing fully towards my 401K, HSA accounts...etc. I also have enough savings in emergency funds apart from this 40K.
I would like to be able to invest this 40K in and would like to contribute about 1K every month on an on-going basis. I am looking for something conservative (about 5% growth if possible) and will not need the funds in the near future (atleast for next 5 years if not more).
Lastly, I do have accounts with Vanguard (my Roth, that I had opened in the past) and TD Ameritrade where I used to do stocks (but lost a bit and not interested in individual stock investments anymore).
I honestly, do not know where to begin. Any suggestions or thoughts are welcome on what kind of account I need to open any and how to give about investing in one.
Thanks in advance for your guidance!
I would like to be able to invest this 40K in and would like to contribute about 1K every month on an on-going basis. I am looking for something conservative (about 5% growth if possible) and will not need the funds in the near future (atleast for next 5 years if not more).
Lastly, I do have accounts with Vanguard (my Roth, that I had opened in the past) and TD Ameritrade where I used to do stocks (but lost a bit and not interested in individual stock investments anymore).
I honestly, do not know where to begin. Any suggestions or thoughts are welcome on what kind of account I need to open any and how to give about investing in one.
Thanks in advance for your guidance!
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I would like to be able to invest this 40K in and would like to contribute about 1K every month on an on-going basis. I am looking for something conservative (about 5% growth if possible) and will not need the funds in the near future (atleast for next 5 years if not more).
Lastly, I do have accounts with Vanguard (my Roth, that I had opened in the past) and TD Ameritrade where I used to do stocks (but lost a bit and not interested in individual stock investments anymore).
I honestly, do not know where to begin. Any suggestions or thoughts are welcome on what kind of account I need to open any and how to give about investing in one.
Thanks in advance for your guidance!
In the future, if you think you'd be interested in trying to beat the market, I suggest reading A Random Walk Down Wall Street, which you can find a pdf of online.
I would like to be able to invest this 40K in and would like to contribute about 1K every month on an on-going basis. I am looking for something conservative (about 5% growth if possible) and will not need the funds in the near future (atleast for next 5 years if not more).
Lastly, I do have accounts with Vanguard (my Roth, that I had opened in the past) and TD Ameritrade where I used to do stocks (but lost a bit and not interested in individual stock investments anymore).
I honestly, do not know where to begin. Any suggestions or thoughts are welcome on what kind of account I need to open any and how to give about investing in one.
Thanks in advance for your guidance!
"Buy stock in several companies that make products & services that *you* believe in.
Only sell if you think their products & services are trending worse. Don't panic when the market does.
This will serve you well in the long-term."
^his words exactly.
Don't let losing money in the past discourage you. We've all been there - even me, briefly.
Thumbs up for this thread and rep points for you, if it lets me.
"Buy stock in several companies that make products & services that *you* believe in.
Only sell if you think their products & services are trending worse. Don't panic when the market does.
This will serve you well in the long-term."
"Buy stock in several companies that make products & services that *you* believe in.
Only sell if you think their products & services are trending worse. Don't panic when the market does.
This will serve you well in the long-term."
^Elon Musk's words exactly.
Post the transcript here if you wish. I'm not going to click on your link, mr/ms suspect username likely buddy of the wrong one.
1) Reminiscences of a Stock Operator - by LeFevre, about Jesse Livermore
2) How to Trade in Stocks - by Jesse Livermore
3) Extraordinary Popular Delusions and the Madness of Crowds - C. MacKay
Thank me later!
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I'd never eat that.
Foreword by Mr. Money Mustache
HAHAHAHAHA you can't make this stuff up!!!!!
Review:
"In 2008 I was taking a finance class in college watching the market burn to the ground. After graduating in 2009, I saw Comcast and Starbucks stock selling for crazy low prices from where it had been in 2007 and wondered why these stocks were getting hammered for a real estate and bank crisis, so I bought with the intent to hold. And I made money. I realize now it was riskier then I knew at the time because I didn't do my due diligence in research on these companies, but for this book to claim the market can't be beaten is completely false. I held on to these companies for years and smoked the market. To make a blanket statement that no one except Buffett and a few others near the top can do it is very misleading."
One more thing I have been thinking for a while is being a Angel investor in a start up of some kind. I would like to explore that a little bit more and wondering if any of you have had any experiences. How do you find those start ups (preferably local), are there sites or groups where these things are discussed / start ups pitch (maybe shark tank style
if like most in USA most have less than 10k
then you are a peasant so just take the 10k and dump into IBONDS.
if you actually have any wealth then you need to dump some into IBONDS and other assets and actually try to make more than inflation.
look up ray dalio all weather portfolio
So my money has been out for a while now and I put it back in today. If the market goes up tomorrow I think I may pull it and wait for another down day to invest it. I call this... chasing the dead cat bound on the S&P 500 index.
I also like DNP, it pays a dividend that you can reinvest. And pays like 7% ROI in dividends.
I also like companies that have been hit REALLY HARD, like Carnival under $10, AMD under $85, Paypal under $78, Etsy, etc...
But my rule of thumb is you invest in the S&P 500 until you have at least $250k and then you can through $10 - $20 into stocks you want. And Crammer says you should have 10% in Crypto which has also been hit really hard.