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Started By
Message
So how should I invest my money?
Posted on 4/28/16 at 6:14 pm
Posted on 4/28/16 at 6:14 pm
I have a nice little nest sitting in my savings but it does nothing for me. I don't want to play stocks because I might get fricked and end up losing everything.
I heard mutual funds are shady. What can I do that would actually guarantee me a safe return?
I heard mutual funds are shady. What can I do that would actually guarantee me a safe return?
9
Posted on 4/28/16 at 6:23 pm to Duzz
quote:
I heard mutual funds are shady
Depends how safe you are talking. Guaranteed return a high yield savings but you dont get crap. Low risk you want something bond heavy.
Posted on 4/28/16 at 6:32 pm to Duzz
Do you have retirement savings?
Posted on 4/28/16 at 6:42 pm to Duzz
A guarantee? Leave it in savings 
Posted on 4/28/16 at 8:54 pm to Duzz
Start a Roth for you and your spouse. Max it every year. Put it in index funds. If none of this makes sense, start researching. Start with COMPOUND INTEREST.
Posted on 4/28/16 at 8:57 pm to Duzz
quote:
I have a nice little nest sitting in my savings but it does nothing for me. I don't want to play stocks because I might get fricked and end up losing everything.
I heard mutual funds are shady.
did you read the help thread at the top? obviously not.
quote:
What can I do that would actually guarantee me a safe return?
send it to me. i'll guarantee you a return. just not sure when i'll return it.
Posted on 4/28/16 at 9:39 pm to Duzz
quote:
I heard mutual funds are shady.
First things first: find smarter friends. Posted on 4/28/16 at 9:50 pm to Duzz
quote:
heard mutual funds are shady.
Who the hell told you that?
There are some bullshite heavy fee funds out there, but that blanket statement is just ignorant.
Ignorant isn't an insult either btw. It just means you are not informed.
You cannot go wrong with a vanguard target date fund. Just dollar cost average initially and continue to buy little chunks every week, paycheck, month, whatever.
Posted on 4/29/16 at 6:44 am to TigerDeBaiter
I exchanged my target date fund recently. The returns were abysmal since 2011. I exchanged it for a the US growth fund and the 500 fund.
I have 30 more years to ride out fluctuations.
I have 30 more years to ride out fluctuations.
Posted on 4/29/16 at 9:13 am to poops_at_parties
quote:
I exchanged my target date fund recently.
I did the same thing. I'm sector specific, (utilities, healthcare, REIT, etc) and already have an allocation of bonds in my accounts. I like handling my own allocations and picking funds.
This post was edited on 4/29/16 at 9:15 am
Posted on 4/29/16 at 9:25 am to Fat Bastard
When do you think it is worth it to go sector specific? Above 10k? 25? $50,000?
Posted on 4/29/16 at 9:58 am to poops_at_parties
I'm only a small percentage in target personally. There are some better options if you know what you're looking at and have some sort of read on the pulse of the market.
But, it didn't seem he was asking for any of that, so I still think a target is a good option for him. Either that or total market fund.
But, it didn't seem he was asking for any of that, so I still think a target is a good option for him. Either that or total market fund.
Posted on 4/29/16 at 10:10 am to bayoubengals88
quote:
When do you think it is worth it to go sector specific? Above 10k? 25? $50,000?
I'm not sure the amount really matters. I can see some may think it is not worth it if you only have small amounts to invest but I don't see it that way. diversification is diversification and sector specific is sector specific regardless of amount invested. It's basically up to you, what your goals are,what you are comfortable with AND if you want to handle that yourself.
fund minimums are low unless you want admiral shares with vanguard and those are not offered on all funds.
Posted on 4/29/16 at 10:22 am to bayoubengals88
quote:
When do you think it is worth it to go sector specific? Above 10k? 25? $50,000?
I never intend to. I handle my own diversification when it comes to bond vs equity and domestic vs international, but my domestic holdings are exclusively in Total Market Index funds. Considering that is total domestic diversification, it's impossible to "further diversify" by moving money into sector specific funds.
Posted on 4/29/16 at 10:50 am to TigerDeBaiter
quote:
total market fund.
it's why i said it's up to him. or do it sector specific. maybe he wants more allocation to certain areas and not as much to others.
Posted on 4/29/16 at 12:00 pm to Duzz
You need to sit down with someone you trust that understands the stock market and get them to go over investing 101 with you. I would not do anything else until you do that and have an idea of how investing works, otherwise you can/will do something you're going to regret.
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