$5000 to invest... - Page 2 - TigerDroppings.com

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iknowmorethanyou
LSU Fan
Paydirt
Member since Jul 2007
4204 posts

re: $5000 to invest...


Lauberge Baton Rouge.





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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
8892 posts

re: $5000 to invest...


quote:

I have a solid income plus savings so this money is kind of just sitting there in a savings account that gets .0001% interest or whatever it is, which is why I would like to move it out of there and start making money from money.


I would use it towards maxing out a Roth IRA. And do this every year if you can.






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1860pissed
LSU Fan
The Old South
Member since Feb 2013
143 posts

re: $5000 to invest...


I put 16% in my 401k and my company puts 4% so at 20% in my 401k, I think I am okay for right now. I would like to use this money in something active as opposed to the Roth IRA which is just more planning towards retirement. If I lost all $5000 (although not ideal), I would be fine. and I have already spent my fair share at Lauberge





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ColoradoAg03
Texas A&M Fan
Denver, CO
Member since Oct 2012
1465 posts

re: $5000 to invest...


PXD





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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15622 posts
 Online 

re: $5000 to invest...


(no message)


This post was edited on 6/24 at 4:23 pm


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jimbeam
USA Fan
University of LSU
Member since Oct 2011
27018 posts

re: $5000 to invest...


What investments do you have in your 401k





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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15622 posts
 Online 

re: $5000 to invest...


quote:

1860pissed


buy two nice dividend paying stocks. 5k is nowhere near enough to get serious about RE (unless you put it in a REIT)or unless you plan on using a hard money loan on a fix and flip and your ARV is so good you will not be out much of your own money if any.



This post was edited on 6/24 at 4:54 pm


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kennypowers816
LSU Fan
Houston
Member since Jan 2010
1413 posts

re: $5000 to invest...


What do you mean by "something active"? Not trying to be a jerk or anything, but do you understand what a Roth IRA is/does?

Your IRA portfolio can be about as "active" as you desire -- stocks, bonds, funds, ETFs, REITS, etc. About the only thing that I'm not sure you can put in a Roth IRA are real, physical assets like bullion and rental property.






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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
39920 posts

re: $5000 to invest...


For what it's worth, if you are just starting out, money put into a Roth is worth far more to you than money put into a traditional 401k.

Don't pass on a match, but that's how it is.

And i am assuming your company doesn't have a Roth 401k option.



This post was edited on 6/24 at 4:32 pm


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jimbeam
USA Fan
University of LSU
Member since Oct 2011
27018 posts

re: $5000 to invest...


quote:

And i am assuming your company doesn't have a Roth 401k option.
If he's right on the edge of a tax bracket, traditional could still be favorable??






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120328 posts

re: $5000 to invest...


quote:


I would use it towards maxing out a Roth IRA. And do this every year if you can.







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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
39920 posts

re: $5000 to invest...


It depends really.

If you are only a couple thousand in the next bracket but also plan on not having a quiet retirement and spends a lot, Roth still wins.

Investing in a Roth is hedging that you think your tax rate will go up in retirement between both your pull out and government tax increases.






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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
39920 posts

re: $5000 to invest...


If your employer offers a Roth, it allows you to easily diversify in both.

Your contributions are post tax, but the employers are pretax






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eng08
LSU Fan
Member since Jan 2013
1109 posts

re: $5000 to invest...


Had a friend in college who would buy trucks from the state auction, drive it for a few months then sell for a profit.

Made quite a bit.






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