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Started By
Message
Best way to invest $50-$100 a month..
Posted on 10/17/13 at 10:48 pm
Posted on 10/17/13 at 10:48 pm
I'm 31 married with 5 kids something high risk or low risk at this point? I'm gonna have railroad retirement so not too worried about it as retirement but something for the kids..
7
Posted on 10/17/13 at 11:11 pm to CENLALSUFAN
Franklin income fund. Pumps out around 7 percent dividend annually and pays monthly, reinvest the dividends. Do that until your kid is 18-20 and they'll have a nice chunk of change by then. It's a fund that's been around since 1948 I believe and is low risk but since inception has averaged around 9-10 percent annually. It's a mutual fund we use quite often bc of its proven success.
This post was edited on 10/17/13 at 11:13 pm
Posted on 10/17/13 at 11:25 pm to roguetiger15
quote:
Do that until your kid is 18-20
OK what about the other 4..lol..
Posted on 10/17/13 at 11:27 pm to CENLALSUFAN
Well is the money intended for them to use soon? Or something you want to leave them when ur gone?
Posted on 10/17/13 at 11:29 pm to roguetiger15
Really more so for when I'm gone but I'm sure they will need it for college.. They are 9,8,6,3 and 8 months
Posted on 10/17/13 at 11:36 pm to CENLALSUFAN
First off, gah damn boy 
second off, and I know you don't want to hear this but 1200/year divided by 5 will not be enough to fund college for them no matter what investment you put your money in. I would tell you this though, if you invested 1200 a year until you are lets say 70 at an average yield of 9 percent which is what franklin income fund has been doing since 1948, it would be a great gift to them and your future grandkids.
second off, and I know you don't want to hear this but 1200/year divided by 5 will not be enough to fund college for them no matter what investment you put your money in. I would tell you this though, if you invested 1200 a year until you are lets say 70 at an average yield of 9 percent which is what franklin income fund has been doing since 1948, it would be a great gift to them and your future grandkids. Posted on 10/17/13 at 11:42 pm to roguetiger15
What kind of gift we talking about... It's been a while since I used math..
Posted on 10/18/13 at 12:19 am to CENLALSUFAN
quote:
I'm 31 married with 5 kids something high risk or low risk at this point? I'm gonna have railroad retirement so not too worried about it as retirement but something for the kids..
Almost all of my retirement is 60% in stock index funds and 40% in treasuries, re-balanced periodically. I have two retirement accounts, each has 1 stock index fund and 1 treasury index fund. Its simple.
I used to have my retirement in mutual funds manages by a "financial advisor" then I noticed they lost alot more than the general market and gained a lot less. Screw 'em. Index funds all the way.
Posted on 10/18/13 at 1:40 am to SpidermanTUba
STU - which funds do you have?
Posted on 10/18/13 at 8:33 am to SpidermanTUba
So you don't have someone helping you anymore, you are just doing it on your own? How do you get started in that and what did you use as a research tool to pick the ones you invested in?
Posted on 10/18/13 at 8:43 am to CENLALSUFAN
Just ran a report here in the office. If you would have started investing 1200/year(monthly) since 1983(30 years) you would have 165,878. That's an 8.9% yield and of the 165,878, 123,033 of it would come from dividends. That's with a -15% return in '83 and -30% in 2008.
Posted on 10/18/13 at 9:23 am to matthew25
quote:
STU - which funds do you have?
In my IRA I put 60% in SPY and 40% in TLT. In my Louisiana Deffered Compensation Fund I have 60% in a Russel 2000 index fund and 40% in a long term TIPS fund.
Posted on 10/18/13 at 9:26 am to roguetiger15
So basically turning 36000 in 30 years into 165878...So a little over quadrupling your investment in those thirty years..
Posted on 10/18/13 at 9:29 am to CENLALSUFAN
quote:
So you don't have someone helping you anymore, you are just doing it on your own? How do you get started in that and what did you use as a research tool to pick the ones you invested in?
Basically I just got fed up with mutual funds. They seem to rarely beat the market.
I picked SPY and TLT because they are the biggest index funds for the S&P 500 and ~20 year Treasuries, respectively. More heavily traded index funds are more liquid so you can get a better price when you buy in (and when sell to rebalance).
Basically my money goes into the accounts, and every month or so I check them. If I need more TLT to get to 40% TLT, I buy TLT. If I need more SPY to get to 60% SPY, I buy SPY. If the 60/40 ratio is out of whack by 5-10% or so, I re-balance, selling one to buy the other.
Posted on 10/18/13 at 9:30 am to CENLALSUFAN
Yes. And that's with 2008. The fund only sells at around 2.50. It's a pure income dividend play. I ran another report the other day just bullshitting around and if you were to invest 100k in 1948 and let it ride you'd have 47 mill today. Crazy numbers, even though I know 100,000 was a good chunk of change back then. I'm just using that as a reason why we think the track record speaks for itself.
Posted on 10/18/13 at 10:30 am to CENLALSUFAN
Dinars. Use DCA and you should be ok.
Posted on 10/18/13 at 10:38 am to roguetiger15
quote:
roguetiger15
quote:
Franklin income fund
Where can I go about investing in this fund. This sounds exactly like what I want to do for my daughter.
Posted on 10/18/13 at 10:53 am to ThatsAFactJack
any brokerage firm or online.
Posted on 10/18/13 at 10:55 am to Fat Bastard
You been reading my post history? Had to go way back for that... Lol.. I may or may not already have some of those...
Posted on 10/18/13 at 11:10 am to CENLALSUFAN
Lol
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