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Started By
Message
Need to Start Investing
Posted on 4/21/11 at 7:52 pm
Posted on 4/21/11 at 7:52 pm
Hey guys... bought a house almost a year ago and also am partnered with other investors on an income producing commercial real estate investment. However I would like to start investing some of my money for the future. For all intensive purposes I'm self employed.
Where should I start? I don't have any real investments other than a CD and the real estate above.
I'd really like to go to some legit seminars to learn more above investment options. (Legit=not something at the airport Hilton trying to sell me 52 weeks of audio tapes).
Thanks in advance!
Where should I start? I don't have any real investments other than a CD and the real estate above.
I'd really like to go to some legit seminars to learn more above investment options. (Legit=not something at the airport Hilton trying to sell me 52 weeks of audio tapes).
Thanks in advance!
1
Posted on 4/21/11 at 8:01 pm to Boglehead
Establish an emergency cash fund to cover 6 - 9 month of expenses, Roth IRA - Index ETF.
I'd also recommend seeing a fee-based financial planner to assess your situation and assist you in developing a plan. So many variables to consider age, risk tolerance, family commitments/life insurance.
I'd also recommend seeing a fee-based financial planner to assess your situation and assist you in developing a plan. So many variables to consider age, risk tolerance, family commitments/life insurance.
Posted on 4/21/11 at 8:34 pm to kaaj24
quote:
First things first you are losing money in that CD. I would 100% get rid of that and secondly my question is are you investing in any sort of IRA?
Yeah - the CD rate sucks for sure.
Nope, not doing any sort of IRA (yet).
Posted on 4/21/11 at 8:36 pm to nolanola
quote:
Establish an emergency cash fund to cover 6 - 9 month of expenses, Roth IRA - Index ETF.
I'd also recommend seeing a fee-based financial planner to assess your situation and assist you in developing a plan. So many variables to consider age, risk tolerance, family commitments/life insurance.
Although I do have more than 6-9 months of emergency cash in the CD - that is what it is there for. I will check into the IRA instead.
What sort of firm do I go to for this? Are these Edward Jones places legit, Merrill Lynch?
Posted on 4/21/11 at 8:47 pm to Boglehead
quote:
By claiming to have 6-9 months of expenses in a CD for "emergency" purposes is pretty asinine as CD's are not liquid whatsoever.
Thanks for the pointers. It's more of a long term emergency fund but I certainly get what you're saying.
Posted on 4/21/11 at 10:12 pm to nolanola
Open up a scottrade account. Put 95% of your cash in there and on Monday buy Amcol stock-ACO. Earnings report is being released Tuesday at 10. You can thank me later! 
Posted on 4/21/11 at 10:23 pm to nolanola
quote:
Are these Edward Jones places legit,
\
the only thing they are good for is money market funds.their annual fees for roth iras are ridiculous and their loads and expense ratios are outrageous.go with VANGUARD.
Posted on 4/23/11 at 11:16 am to nolanola
quote:
also am partnered with other investors on an income producing commercial real estate investment.
How did you get involved in something like that?
Posted on 4/23/11 at 9:44 pm to Tigerstudent08
quote:
Open up a scottrade account. Put 95% of your cash in there and on Monday buy Amcol stock-ACO. Earnings report is being released Tuesday at 10. You can thank me later!
Ok...I'm intrigued..Tell me more!
Posted on 4/24/11 at 1:05 am to urinetrouble
quote:
quote:
also am partnered with other investors on an income producing commercial real estate investment.
How did you get involved in something like that?
Family
Posted on 4/25/11 at 1:14 pm to Tigerstudent08
quote:
Open up a scottrade account. Put 95% of your cash in there and on Monday buy Amcol stock-ACO. Earnings report is being released Tuesday at 10. You can thank me later!
Might want to sell before the announcement. Trade the rumors, sell the news (Unless you want to bank on them beating both top and bottom line estimates).
ETA: Sloppy fundamentals and poor management effectiveness numbers on the stock. Definitely sell before the announcement.
This post was edited on 4/25/11 at 1:16 pm
Posted on 4/25/11 at 3:40 pm to Fat Bastard
quote:
Are these Edward Jones places legit,
\
the only thing they are good for is money market funds.their annual fees for roth iras are ridiculous and their loads and expense ratios are outrageous.go with VANGUARD.
This statement makes absolutely no sense and is a very uneducated statement. Edward Jones and Vanguard are NOT in the same business. Edward Jones sells funds they do not have their own funds. Vanguard is very cheap at what they do but you can go to an Edward Jones, Merril Lynch, Ameriprise Advisor to purchase Vanguard and any other fund family that you are interested in. They are there for advice. It is not Edward Jones or whoever your advisor works for that has the high expense ratio its whatever fund family they chose to recommend to you.
Posted on 4/26/11 at 7:51 am to nolanola
quote:
Are these Edward Jones places legit, Merrill Lynch?
I wouldn't go by the name on the building but by the name on the office. I would get educated on different investment but be smart enough to pay someone that deals with that everyday.
Ask people you know who they use and if they would recommend them. And one key word for you "DIVERSIFY"
Good luck
Posted on 4/26/11 at 8:35 am to Boglehead
quote:
Everyday you have your money in a CD you are losing purchasing power. In fact most of the time a money market account will still be getting eaten up by inflation, but will still retain more purchasing power than a CD.
Like most things in life the answer is it depends. I have CD's earning > 5%, which is greater than inflation and tax drag.
quote:
ETA: Don't use the money you currently have in the CD to invest in your IRA because you will lose all liquidity which is what that "emergency' account is good for. By claiming to have 6-9 months of expenses in a CD for "emergency" purposes is pretty asinine as CD's are not liquid whatsoever.
Most CD's, even 5-Yr, are liquid, you merely give up 3-months of interest to break them. 2.5% CD's beat the crap out of 7 bps Vanguard prime money market and most online savings accounts ranging from 40-115 bps. They are also safer at this point than buying ST to intermediate off the run bonds or funds that carry a coupon yield 1-2.5% above current YTM.
Posted on 4/26/11 at 8:51 am to tirebiter
Wow I can't believe no one called that out yet. CDs aren't liquid whatsoever? Aside from physically holding cash or a checking/savings account, its as liquid as it gets. How long does it take to cash out a CD? 2 minutes?
This post was edited on 4/26/11 at 8:52 am
Posted on 4/26/11 at 10:08 am to Tigerstudent08
quote:
Posted by Message
Tigerstudent08
Need to Start Investing
Open up a scottrade account. Put 95% of your cash in there and on Monday buy Amcol stock-ACO. Earnings report is being released Tuesday at 10. You can thank me later!
Wish I would have heeded this advice.
Posted on 4/26/11 at 10:34 am to white_kong
Yea I put over $50k in last week (which was pretty much all the cash I have) 
Posted on 4/26/11 at 11:48 am to kfizzle85
quote:
Wow I can't believe no one called that out yet. CDs aren't liquid whatsoever?
I am never surprised by the content on this board, sometimes to the upside, sometimes just....
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