- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Investment Strategy straight out of college?
Posted on 5/5/16 at 6:59 pm
Posted on 5/5/16 at 6:59 pm
I will be graduating undergrad next week in accounting and going back next year for CPA requirements, and I want to get into the investing/retirement game early. I will make enough change this summer to go ahead and start an account with around $1,500 to $2,000. I know it's not a lot, but it's something to get started with. Next year I will put another $2,000 or so in with my tax return so I hope to be able to have close to $5,000 in some sort of account when I start working full time. I feel like I am fairly knowledgeable on investing and finances so I can manage my own stuff. Should I just get a roboinvester like Wealthfront or should I go ahead and start a Vanguard or something similar? Any advice would be appreciated.
TIA
TIA
This post was edited on 5/10/16 at 2:38 pm
Posted on 5/5/16 at 7:21 pm to Mingo Was His NameO
You need to get into some ETFs, the past has no correlation on the future. I know the dividend giants of the past the walmarts,mcdonalds,etc wont be posting big numbers in the future. The QQQ seems like a solid ETF for a young guy like yourself. You get all the big tech companies that probably lead the way:apple,google,amazon,fb,etc.
Id try to find a tech based etf for someone your age. It's easy to say just put it in a target fund and just add, you can do that too but I have a hard time believing tech isn't the driver for our markets in your lifetime whether it be robots,electric cars, or whatever else they come up with. The consumer staples have been tremendous the past century, but I just dont see it for most in the coming century.
If you want the US market as a whole you can buy the symbol SPY thats the s&p 500, youll be well diversified, just be sure whatever you buy be sure to turn on a DRIP so dividends are reinvested for you, thats where the compounding takes off.
Another option, that probably wont garner much love here is an ETF of India, lots of bright young minds there, and they're probably where we were in the US 50 years ago. Lots of growth to come from there in the coming decades. Ive invested heavily in India Etf over the last year personally.
Id try to find a tech based etf for someone your age. It's easy to say just put it in a target fund and just add, you can do that too but I have a hard time believing tech isn't the driver for our markets in your lifetime whether it be robots,electric cars, or whatever else they come up with. The consumer staples have been tremendous the past century, but I just dont see it for most in the coming century.
If you want the US market as a whole you can buy the symbol SPY thats the s&p 500, youll be well diversified, just be sure whatever you buy be sure to turn on a DRIP so dividends are reinvested for you, thats where the compounding takes off.
Another option, that probably wont garner much love here is an ETF of India, lots of bright young minds there, and they're probably where we were in the US 50 years ago. Lots of growth to come from there in the coming decades. Ive invested heavily in India Etf over the last year personally.
Posted on 5/5/16 at 7:24 pm to Mingo Was His NameO
IMO depends how well you understand it. I would suggest reading and listening to material that starts from the basics. I started in roboadvisor and once i fully understand it all I will move it over to vanguard
Posted on 5/5/16 at 7:49 pm to LSUDbrous90
open vanguard account, start a roth IRA, put half in vanguard star fund, the other half in a target date fund. educate yourself.
Posted on 5/5/16 at 8:14 pm to Mingo Was His NameO
Do you plan on having a partner in your investing quest? I might have some extra funds hanging around.
Posted on 5/6/16 at 7:57 am to Mingo Was His NameO
quote:
It's easy to say just put it in a target fund and just add
this is not a bad idea, pick your retirement year, find the corresponding fund, and you're done.
another fun way to invest is to invest in the companies you do business with (Wal-Mart, Starbucks, Yum Brands).
FTR, I'm not a professional investor. I'm an oil field engineer. Please take my advice with a grain of salt (I bought into Stone Energy, yikes!)
Posted on 5/10/16 at 1:34 pm to crazycubes
Thanks for the advice. With the target fund am I able to move the money around at all or will it have to stay put for the duration of the time I choose? Like I said I am trying to just get something started at this point and really trying to put a little away now so I won't spend it my last year in school
Posted on 5/10/16 at 4:07 pm to Mingo Was His NameO
You can add to or subtract from your holdings, just as with any other fund.
Posted on 5/10/16 at 4:12 pm to Jag_Warrior
Thanks for the info. I wanted to make sure I wouldn't be hit with fees were I to decide to move the money.
Popular
Back to top
Follow TigerDroppings for LSU Football News