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Started By
Message
Do you have an investment plan?
Posted on 5/20/22 at 8:10 pm
Posted on 5/20/22 at 8:10 pm
One that has a strategy (investment principles and objectives no matter the market conditions, target asset allocation over time, considers risk profile, tax efficiency, etc)?’
Or
Are you just winging it?
For those long in the tooth in investing and have seen tumultuous markets, any advice to those who do not have a real investment plan?
Or
Are you just winging it?
For those long in the tooth in investing and have seen tumultuous markets, any advice to those who do not have a real investment plan?
13
Posted on 5/20/22 at 8:17 pm to Turf Taint
quote:
For those long in the tooth in investing and have seen tumultuous markets, any advice to those who do not have a real investment plan?
Work backwards. What are your goals for the funds? “I just want to make money” is a recipe for disastrous emotional decisions.
Posted on 5/20/22 at 8:29 pm to Turf Taint
Buy stonks with a low liability to asset ratio, because those companies have better long term prospects. A company up to its eyeballs in debt might go bankrupt.
Look for high dividend yields so I can make money off the stocks both now and later. I bought $APA when it was at $5. So I'm getting a 10% return on those shares AND having the price go up.
Look for high dividend yields so I can make money off the stocks both now and later. I bought $APA when it was at $5. So I'm getting a 10% return on those shares AND having the price go up.
Posted on 5/20/22 at 8:33 pm to Turf Taint
Globally diversified, low cost, tax efficient where I utilize any and all tax advantages accounts according to my priorities with tilts towards small cap and value.
Posted on 5/20/22 at 8:41 pm to Turf Taint
Yes.
Invest ~35% of our gross income in low cost index funds.
This is done on schedule every month. I don't give a shite what the market does day to day.
Invest ~35% of our gross income in low cost index funds.
This is done on schedule every month. I don't give a shite what the market does day to day.
Posted on 5/20/22 at 8:43 pm to GEAUXT
quote:
Yes.
Invest ~35% of our gross income in low cost index funds.
This is done on schedule every month. I don't give a shite what the market does day to day.
Posted on 5/20/22 at 9:04 pm to Turf Taint
If you want to be on auto pilot, buy VTI on a consistent basis each month, week, paycheck, etc. Set it and forget it. And you don’t need to pay a financial advisor to do that.
If you want some higher dividend yields than VTI, I would go with maybe SPYD. Google how “qualified dividends” are taxed and calculated to see if this is good for you.
If you want some higher dividend yields than VTI, I would go with maybe SPYD. Google how “qualified dividends” are taxed and calculated to see if this is good for you.
Posted on 5/20/22 at 9:11 pm to Turf Taint
yep, ride it down to the bottom and hopefully back up
Posted on 5/20/22 at 9:28 pm to Turf Taint
Started Lego investing the past 6 months. Still new to the game but curious how I do in the next 18 months.
Posted on 5/20/22 at 10:16 pm to Turf Taint
Other than ducking? Live day to day off my pension and social security allowance, bank the rest and don't touch what has been invested (especially now) and leave the iras alone
Posted on 5/20/22 at 10:40 pm to arcalades
quote:
Ride it down to the bottom and then back up
So, answer ton question is no.
Posted on 5/20/22 at 10:57 pm to Turf Taint
I hope so.
Posted on 5/20/22 at 11:08 pm to slackster
quote:
What are your goals for the funds? “I just want to make money” is a recipe for disastrous emotional decisions.
What other goal is there for investing other than to make money?
Posted on 5/20/22 at 11:19 pm to Turf Taint
S&P 500 index funds and nothing else
Posted on 5/21/22 at 5:17 am to TheWalrus
Yes. Trade every dollar I can for a precious metal.
Posted on 5/21/22 at 5:47 am to Turf Taint
Yes. Although it's not as rigid as you'll see on White coat Investor or Bogleheads.
We contribute an average of 20% of our gross income to retirement. We aim to max our pre-tax retirement options (401k, 403b, 457, and TRSL pension). My employer fails safe harbor more years than not, so I usually cannot max out. We follow that up with an aggressive debt payment program (med school & MBA). After that we fund my i401k with some small consulting work I do. It's about $6k-$10k a year, so roughly $4k of funding. Not much but something. . The rest goes into savings. Every December/January we start looking at the upcoming year to budget for trips, deduct from that, and contribute any additional funds to our backdoor Roths.
We are both mid-late 30s. Our asset allocations will stay at 95/5 for at least another ten years.
Our student loans are almost gone. That's $2,178/month. I hope to start tossing that into a taxable account later this year, but old Metairie is trying to lure my wife in. That part we'll still have to discuss.
We contribute an average of 20% of our gross income to retirement. We aim to max our pre-tax retirement options (401k, 403b, 457, and TRSL pension). My employer fails safe harbor more years than not, so I usually cannot max out. We follow that up with an aggressive debt payment program (med school & MBA). After that we fund my i401k with some small consulting work I do. It's about $6k-$10k a year, so roughly $4k of funding. Not much but something. . The rest goes into savings. Every December/January we start looking at the upcoming year to budget for trips, deduct from that, and contribute any additional funds to our backdoor Roths.
We are both mid-late 30s. Our asset allocations will stay at 95/5 for at least another ten years.
Our student loans are almost gone. That's $2,178/month. I hope to start tossing that into a taxable account later this year, but old Metairie is trying to lure my wife in. That part we'll still have to discuss.
Posted on 5/21/22 at 8:48 am to TheWiz
Max both IRAs in January. Lump sum that into SCHB, SCHE, and SCHF. 70/10/20.
Max 401Ks. Use lowest cost indexes available. Mostly comparable to VTI.
Automated DCA in personal taxable account that buys on 5th and 20th of each month.
So hands off approach that is completely automated has us buying low cost, diversification basically every week of the year.
Max 401Ks. Use lowest cost indexes available. Mostly comparable to VTI.
Automated DCA in personal taxable account that buys on 5th and 20th of each month.
So hands off approach that is completely automated has us buying low cost, diversification basically every week of the year.
Posted on 5/21/22 at 9:22 am to Turf Taint
To quote Mike Tyson:
Everyone has an investment plan until they get punched in the mouth.
Everyone has an investment plan until they get punched in the mouth.
Posted on 5/21/22 at 9:44 am to EA6B
quote:
What other goal is there for investing other than to make money?
Speaking for myself, money is a means, not an end.
College education for children is an end, for example (debatable…better economic opportunities is perhaps more accurate “end”).
For me, the most important end is time. I want complete control of my time, do what I want, when I want, with whom I want, for as long as I want (God willing). More money ain’t it, but enough money is, so to speak.
End (outcomes) mindset helped us to put context and structure to the plan. 1st half of my career, I had a different mindset. Just max the total return! After changing to an outcome mindset, find it to be more efficient in that our plan compartmentalizes the outcomes (retirement, final home, etc) and risk allocation per the outcome in particular) and how my wife and I think and communicate about what we are seeking to achieve.
2 cents…pun intended
Posted on 5/21/22 at 9:55 am to EA6B
quote:
What other goal is there for investing other than to make money?
Invest for specific priorities and liabilities in your life and utilize proper investments with a glide path that changes as it gets closer.
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