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Started By
Message
re: Best way to invest $50-$100 a month..
Posted on 10/18/13 at 11:15 am to CENLALSUFAN
Posted on 10/18/13 at 11:15 am to CENLALSUFAN
A low cost broad stock market fund.
Vanguard is often the cheapest.
If you are not maxing out your 401k, IRAs, etc start there.
Also, spend as much time as you can with the kids, they grow up quicker than you think. That time is worth more than any money you could give or leave them. Fishing, golfing, hiking, canoeing, tossing a ball around, board games, these are all really good investments.
Vanguard is often the cheapest.
If you are not maxing out your 401k, IRAs, etc start there.
Also, spend as much time as you can with the kids, they grow up quicker than you think. That time is worth more than any money you could give or leave them. Fishing, golfing, hiking, canoeing, tossing a ball around, board games, these are all really good investments.
This post was edited on 10/18/13 at 11:15 am
0
Posted on 10/18/13 at 11:15 am to Fat Bastard
Keeping my fingers crossed, maybe one day the great "myth hoax scheme" will become reality...
Posted on 10/18/13 at 11:28 am to CENLALSUFAN
Why not nibble at UP in 401k and keep it sheltered?
Posted on 10/18/13 at 11:39 am to eye65
Don't know what that lingo means buddy...
Put money into up 401 k and don't tell the wifey?
Put money into up 401 k and don't tell the wifey?
Posted on 10/18/13 at 11:45 am to roguetiger15
quote:
roguetiger15
quote:
or online
Can you point me in a direction? I have savings online with CapitalOne360 (formerly ING). Can I setup an account thru their sharebuilder for this Franklin Income Fund? If not can you direct me to an online site?
TIA
Posted on 10/18/13 at 11:46 am to roguetiger15
What's the symbol on this Franklin Fund you seem so high on? Just curious to look it up since you mentioned it...
Posted on 10/18/13 at 11:47 am to 19thHole
fkinx
Posted on 10/18/13 at 11:53 am to roguetiger15
Posted on 10/18/13 at 11:54 am to roguetiger15
thatsafactjack
im a broker here in Lafayette
give me your email and I can try to help you out if you'd like, whether it's online or not.
im a broker here in Lafayette
give me your email and I can try to help you out if you'd like, whether it's online or not.
Posted on 10/18/13 at 11:56 am to roguetiger15
some of our clients use it almost like a bond because it pays out monthly dividends and you don't have to worry about the negative outlook of bonds at the moment.
Posted on 10/18/13 at 12:01 pm to roguetiger15
Is there a way to have what you make monthly automatically re-invested without having to manually do it yourself? Also, is it where if you don't take any money that you make out you don't have to claim that I taxes since you haven't technically made a profit? (not sure if that question makes since) I remember when I was younger I had a mutual fund and as long as you didn't withdraw you earnings it wasn't considered profit??
Posted on 10/18/13 at 12:04 pm to CENLALSUFAN
yes you can auto re-invest and you will not pay taxes until you liquidate, which will be fun for your accountant because every time a dividend is reinvested it creates a new cost basis for tax purposes. but hey that's what they get paid to do right? 
Posted on 10/18/13 at 12:09 pm to roguetiger15
So I need an accountant?
This shite is so confusing, I wish I knew more about this.. I don't even know what the second part of your sentence means, is it good or bad I dunno.. I assume it's a pain in the arse because you put a laughing face behind it..
This shite is so confusing, I wish I knew more about this.. I don't even know what the second part of your sentence means, is it good or bad I dunno.. I assume it's a pain in the arse because you put a laughing face behind it..
Posted on 10/18/13 at 12:18 pm to CENLALSUFAN
Everytime you invest no matter what the investment your accountant along with us have to know what your cost basis is in order to figure out what you'll pay on capital gains tax. Cost basis is a fancy term which means at what price did I buy the investment at. Everytime you reinvest your dividend it will most likely be at a different price so you can have multiple cost basis for that same investment.
Posted on 10/18/13 at 12:25 pm to roguetiger15
Could you just keep up with it and print me a copy at the end of the year or is that too easy?? Lol, don't have an accountant.. Oh well.. They'll never know the difference anyway..
Posted on 10/18/13 at 12:30 pm to CENLALSUFAN
If your plan is to invest in something like that with a long time horizon I would advise getting an accountant
Posted on 10/18/13 at 1:32 pm to roguetiger15
quote:
roguetiger15
I will send you my "real" email address if you email me above.
Roque deleted email didnt want to leave it up all weekend. I will repost in this thread MOnday.
This post was edited on 10/18/13 at 3:57 pm
Posted on 10/18/13 at 1:59 pm to roguetiger15
quote:
I'm just using that as a reason why we think the track record speaks for itself.
Come on, man...you use a bad comparison that you admit to to make its point?
Pretty much ANY stock investment that is allowed to sit for 65 years would yield a high amount of returns of compound interest.
"ZOMG IF YOU PUT ASIDE A MILLION DOLLARS WHEN YOU WERE BORN YOU WOULD HAVE 47 MILLION WHEN YOU RETIRE....AMAZING!"
This post was edited on 10/18/13 at 2:02 pm
Posted on 10/18/13 at 2:56 pm to Volvagia
Any concern that the Fund is basically at a 10 year high? I realize it's an income play but any concerns at buying at the top?
Posted on 10/18/13 at 5:35 pm to Oenophile Brah
Volvagia
Tell me a mutual fund that's selling at around 2.50 and has averaged around 9 percent yield for over 5 decades with that low expense charge and ill give u a free portfolio stress test.
Tell me a mutual fund that's selling at around 2.50 and has averaged around 9 percent yield for over 5 decades with that low expense charge and ill give u a free portfolio stress test.
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