$5000 to invest... | Page 2 | TigerDroppings.com
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iknowmorethanyou
LSU Fan
Paydirt
Member since Jul 2007
4949 posts

re: $5000 to invest...

Lauberge Baton Rouge.


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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11573 posts
Online

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.


1860pissed
LSU Fan
Dunleith
Member since Feb 2013
211 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


ColoradoAg03
Texas A&M Fan
Denver, CO
Member since Oct 2012
2460 posts

re: $5000 to invest...
PXD


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Fat Bastard
LA-Lafayette Fan
Paradise
Member since Mar 2009
18676 posts

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
36704 posts

re: $5000 to invest...
What investments do you have in your 401k


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Fat Bastard
LA-Lafayette Fan
Paradise
Member since Mar 2009
18676 posts

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
2210 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
41653 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


jimbeam
USA Fan
University of LSU
Member since Oct 2011
36704 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??


Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
121125 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
41653 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.


Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
41653 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
2594 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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