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Started By
Message
Ice breaking investing strategy
Posted on 2/16/13 at 12:53 pm
Posted on 2/16/13 at 12:53 pm
I am gearing up to move from a passive learning approach towards investing, to actively investing along with my daily study. I want to take my first shot at investing to test my limits and record my mistakes.
What is the thoughts of the MT to opening an account on Vanguard with $1000 over the next two weeks, with intent to increase my deposit to $5000 by April? I have no set plan on what I will be placing the funds in at this point, only I know I won't be devastated if I lost out on that money.
I'm 23 years old and so far the financial objectives I have accomplished to this point that give me comfort in this plan are:
No debt
1+ year emergency fund.
401(k) that I invest to company match in, and I will be increasing my allocation again to it for the next quarter.
What is the thoughts of the MT to opening an account on Vanguard with $1000 over the next two weeks, with intent to increase my deposit to $5000 by April? I have no set plan on what I will be placing the funds in at this point, only I know I won't be devastated if I lost out on that money.
I'm 23 years old and so far the financial objectives I have accomplished to this point that give me comfort in this plan are:
No debt
1+ year emergency fund.
401(k) that I invest to company match in, and I will be increasing my allocation again to it for the next quarter.
3
Posted on 2/16/13 at 12:56 pm to RickAstley
Prepare for wet panties when you tell girls you day trade for a living
Posted on 2/16/13 at 12:58 pm to RickAstley
quote:
What is the thoughts of the MT to opening an account on Vanguard with $1000 over the next two weeks, with intent to increase my deposit to $5000 by April?
You investing in the global drug runner fund?
Posted on 2/16/13 at 12:59 pm to I Love Bama
I'm not looking to be a day trader
Posted on 2/16/13 at 1:03 pm to RickAstley
So? I'm not a pilot but I tell girls I am.
Posted on 2/16/13 at 1:18 pm to RickAstley
I'm assuming you are talking about a Roth. I say go for it... time is money.
Posted on 2/16/13 at 11:45 pm to acgeaux129
I will include a Roth IRA in this plan. My priority is that I want something to coincide with my retirement investments. More or less, an investment that I can withdraw from at anytime and it not be dipping into what I have already invested for my retirement plan.
Posted on 2/17/13 at 6:41 pm to RickAstley
Companies don't match anymore. Second, there are better mutual fu ds available. Do your homework. Don't pay to have someone manage it for you.
Posted on 2/17/13 at 9:32 pm to tiger chaser
If you don't mind could you expand on specific example regarding:
And also what do you mean companies do not match anymore?
quote:
Second, there are better mutual fu ds available. Do your homework.
And also what do you mean companies do not match anymore?
Posted on 2/18/13 at 9:18 am to RickAstley
quote:
Second, there are better mutual funds available. Do your homework.
He said passive, so Index is the way to go. There are Mutual funds that have outperformed the market, I own several of them, but indexing removes a lot of work.
Posted on 2/18/13 at 11:04 am to Vols&Shaft83
3 Vanguard funds and allocation:
VDAIX - 2K
Healthcare - 1.5K
Wellington - 1.5k
VDAIX - 2K
Healthcare - 1.5K
Wellington - 1.5k
Posted on 2/18/13 at 11:22 am to matthew25
I have VDAIX, I dunno if its an etrade minimum or what, but you cant put 2k, must be 3k to start
Posted on 2/18/13 at 11:40 am to Vols&Shaft83
Do you have a site to recommend besides vanguard, for opening an account and launching into the investing world?
Posted on 2/18/13 at 12:43 pm to RickAstley
quote:
Do you have a site to recommend besides vanguard, for opening an account and launching into the investing world?
Not for Index funds, Vanguard is Index King. For Mutual funds, I have an account with American Funds (Roth), and another one with Fidelity (SEPP). Never had an issue with either one of them. Although, if you want to avoid load fees (which doesn't bother me if I'm beating the indexes by +2% ever year) stay away from American Funds.
Posted on 2/18/13 at 8:11 pm to Vols&Shaft83
Thanks for the advice 
Posted on 2/18/13 at 9:58 pm to RickAstley
Go to Scottrade in your city. Tell them you want 5 free mutual fund trades.
Posted on 2/19/13 at 8:18 am to matthew25
Then after 5, bail?
Posted on 2/19/13 at 10:05 am to RickAstley
Your money has to be somewhere. Scott managers are good people and you can visit their local office. They like their jobs and you know who you are talking to if you have a question.
Vanguard also has good people, but you don't talk to the same rep every time you call Pennsylvania.
Vanguard also has good people, but you don't talk to the same rep every time you call Pennsylvania.
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