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couv1217
LSU Fan
Baton Rouge, LA
Member since Sep 2007
2404 posts
 Online 

Late to the game and need some help
33. Divorced. Baby momma but will get married to her eventually. I'm starting to look into different ways to make my money make money for me. I've been doing some research and I'm noticing that ALOT of things are over my head. Is there anyone who would mind sitting down with me and explaining these things to me? Here's a list of some of the things I'd like to learn about:

Dividend stocks, recurring deposits, passive income, SIP's in mutual funds, dividend yielding funds, value stocks and how to flip them into real estate. ROE & ROCE stocks, exchange traded funds, cryptocurrency, index funds, & etfs, investopedia.


ATLdawg25
Georgia Fan
Atlanta, GA
Member since Oct 2014
4369 posts

re: Late to the game and need some help
I would recommend talking to a financial adviser. Or save yourself some money and just use google.


couv1217
LSU Fan
Baton Rouge, LA
Member since Sep 2007
2404 posts
 Online 

re: Late to the game and need some help
quote:

Or save yourself some money and just use google


Would love to do that. I've been trying that it tends to go over my head so I want to learn about it so was hoping a fellow TD'er would be open to sitting down with me and explaining some of it.


PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
11270 posts
 Online 

re: Late to the game and need some help
Go to Reddit personal finance. Read everything.


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ATLdawg25
Georgia Fan
Atlanta, GA
Member since Oct 2014
4369 posts

re: Late to the game and need some help
I think you're overwhelmed but some items on your list have a quick explanation or don't really exist.

quote:

recurring deposits

This is when you set up a set amount to be deposited into an account at certain intervals. It can apply to checking accts, savings, brokerage, 401k.
quote:

passive income

This is when you don't have to do any work to receive income. If you buy a stock that pays a quarterly dividend, you could be in a coma for 20 years but would still receive that dividend income each quarter. Some people will say owning real estate rentals is passive income, and they are wrong.
quote:

SIP's in mutual funds

SIP stands for "systematic investment plan" and it just means that you set up a recurring deposit (see above) to put a certain amount into a mutual fund at specific intervals. you aren't trying to time the market, you are just putting in an equal amount every time no matter what.
quote:

value stocks and how to flip them into real estate

I honestly don't know what this means.
quote:

ROE & ROCE stocks

ROE and ROCE are methods of evaluating a company's financial strength. Read up on investopedia
quote:

exchange traded funds... etfs

You mention these twice but they are the same thing. Read up on investopedia
quote:

investopedia

Just a resource that puts financial concepts and terms into simple write-ups.
This post was edited on 2/22 at 12:51 pm


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60
tigerfan337
LSU Fan
Member since Jun 2012
134 posts

re: Late to the game and need some help
Probably would be best for you to sit down with someone you trust and talk to them about your situation.
You can certainly google a lot of things and come up with a decent plan on your own, but chances are you'll miss something and won't realize it until several years down the road.
A lot of people don't realize that's where having a financial advisor actually saves you money.
This post was edited on 2/22 at 8:26 pm


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