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Posted on 2/17/12 at 12:07 pm to FelicianaTigerfan
Flask which CFA newsletters do you receive? Seems like they offer quite a few
Posted on 2/17/12 at 12:29 pm to raw dog
Keep it boring with 1 mutual fund in a Roth IRA (if you have 1000 in earned income)...Pick a no load fund with low fees and expense ratio. Re-invest the dividends.
"Rule 1. Never lose money.
Rule 2...Never forget Rule 1."--Mr. Buffett
"Rule 1. Never lose money.
Rule 2...Never forget Rule 1."--Mr. Buffett
Posted on 2/17/12 at 12:49 pm to TheHiddenFlask
quote:
Also, sign up for the CFA Newsletter and WSJ email alerts.
Can you recommend a few WSJ newsletters from this list that will be most useful for a beginner investor?
I apologize for the vertical scrolling, but I wanted to capture their whole list.
Posted on 2/18/12 at 1:05 am to npt817
Vanguard Target Date fund closest to your retirement year. Put it in a Roth Ira with Vanguard. I did this about 6 months ago and put $250 each month since then and have earned about 13% so far. I'm in it for the long haul!
Posted on 2/19/12 at 12:51 am to TDsngumbo
quote:
Vanguard Target Date fund closest to your retirement year. Put it in a Roth Ira with Vanguard. I did this about 6 months ago and put $250 each month since then and have earned about 13% so far. I'm in it for the long haul!
Best advice you could get. Forget single stocks with 1000.00. It would take a ton of cash to diversify with single stocks. Target date fund in a Roth is perfect. This assumes you have a cash emergency fund already established.
Posted on 2/19/12 at 1:36 am to nogoodjr
How do mutual funds work? Are they like stocks where "you haven't made money until it's in the bank"???
Posted on 2/19/12 at 9:39 pm to wegotdatwood
A mutual fund is a group of stocks lumped together. You can get them in a certain sector or a general allocation that mimics the overall market. Target date funds are the way to go.
Posted on 2/19/12 at 9:42 pm to TDsngumbo
Sondo you have to sell them to make money?
Posted on 2/19/12 at 9:48 pm to wegotdatwood
Yes, you do
Posted on 2/19/12 at 9:52 pm to wegotdatwood
Well yes it's just like stocks in that regard. You dont lose or make money until you sell. They diversify your investment for you. My target date fund automatically reallocates its diversification each year in order to gradually get away from stocks and more toward bonds which atmre more stable and safer than stocks. That way, when I reach retirement I will have much
More money in safer investments than stocks. All target date funds do this and vanguard is hands down the cheapest company to go to.
More money in safer investments than stocks. All target date funds do this and vanguard is hands down the cheapest company to go to.
Posted on 2/19/12 at 10:39 pm to TDsngumbo
I'm a financial novice as well but seems to be some great advice in this thread. Where would a beginner even go to get started? Just call a company like Charles Schwab and say 'I want to invest some money'?
Posted on 2/20/12 at 6:29 pm to TDsngumbo
Thanks, Ive heard great things about the Vanguard funds.
Posted on 2/20/12 at 9:08 pm to npt817
I used to have a target date fund with State Farm. It was costing me a great deal in fees each year. Finally I cut my losses at about 750 bucks and got out of it. Then I got a Vanguard target date fund that performs the same exact way the State Farm one does however instead of paying a total of about 1.88% in fees, I'm now only paying about 0.19% with Vanguard. Both funds automatically reallocate to become more conservative with time.
Point of story: don't pay someone lots of money to do the same thing you can do on your own for much, much less money! With Vanguard, you get to do everything online without knowing a whole lot about investing. Just pay close attention to what you are doing and pick a target date fund that does all the work for you (same thing other companies do while charging an arm and leg).
I'd advise you to just read up a lot on investing basics and money smarts. It pays to know what you want to get out of investing before you even begin! You can't choose a good investment strategy without first knowing what your goals are!
Point of story: don't pay someone lots of money to do the same thing you can do on your own for much, much less money! With Vanguard, you get to do everything online without knowing a whole lot about investing. Just pay close attention to what you are doing and pick a target date fund that does all the work for you (same thing other companies do while charging an arm and leg).
I'd advise you to just read up a lot on investing basics and money smarts. It pays to know what you want to get out of investing before you even begin! You can't choose a good investment strategy without first knowing what your goals are!
This post was edited on 2/20/12 at 9:11 pm
Posted on 2/20/12 at 10:03 pm to TDsngumbo
+1 on the target retirement with Vanguard. Forget individual stocks.
Posted on 2/20/12 at 10:32 pm to TDsngumbo
quote:
Vanguard Target Date fund closest to your retirement year. Put it in a Roth Ira with Vanguard
This is a pretty solid way to go for most people.
Posted on 2/20/12 at 10:33 pm to wegotdatwood
quote:
Sondo you have to sell them to make money?
I don't understand your question. You have to sell them to convert them to dollars, yes, but the value will go up or down regardless.
Posted on 2/20/12 at 11:01 pm to npt817
Before you start, know a couple of things:
1. Investing is long term. It's highly unlikely you'll make much money for a while. Don't get sucked into short selling for a quick dollar.
2. It takes a lot of time to be able to do it right. If you at any time have more money to invest, definitely look into getting someone to help you who can watch this stuff all day.
3. Normally a financial adviser would recommend having a minimum of six months' living expenses in savings before risking any of your money. Since you're starting out with a small amount I assume you're being conservative, but that's what I've always been told.
Good luck!
1. Investing is long term. It's highly unlikely you'll make much money for a while. Don't get sucked into short selling for a quick dollar.
2. It takes a lot of time to be able to do it right. If you at any time have more money to invest, definitely look into getting someone to help you who can watch this stuff all day.
3. Normally a financial adviser would recommend having a minimum of six months' living expenses in savings before risking any of your money. Since you're starting out with a small amount I assume you're being conservative, but that's what I've always been told.
Good luck!
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