ColtFreaks.com - Indianapolis Colts Fan Forum   ColtFreaks.com Home Page

Go Back   ColtFreaks.com - Indianapolis Colts Fan Forum > Everything Else > General Topics

Reply
 
Thread Tools Display Modes
  #1  
Old 04-29-2017, 02:27 AM
natagu23's Avatar
natagu23 natagu23 is offline
Senior Member
 
Join Date: Feb 2017
Posts: 4,274
Thanks: 114
Thanked 141 Times in 72 Posts
Default Investing Money Tips

Newbie....I dont know sh*t about investing, but im eager to learn.

Im thinking about putting up at least 5,000 dollars by July in stocks, Cds , or whatever to see if i can get some good returns.

Im thinking more intermediate term like 2 to 5 as far as collecting on dividends/interest, and even long term investing like 10+ years.

Any tips to get started?
Reply With Quote
  #2  
Old 04-29-2017, 06:22 AM
Racehorse's Avatar
Racehorse Racehorse is offline
Moderator
 
Join Date: Jan 2017
Location: God's green Earth
Posts: 12,878
Thanks: 16,945
Thanked 4,361 Times in 2,508 Posts
Default

Quote:
Originally Posted by natagu23 View Post
Newbie....I dont know sh*t about investing, but im eager to learn.

Im thinking about putting up at least 5,000 dollars by July in stocks, Cds , or whatever to see if i can get some good returns.

Im thinking more intermediate term like 2 to 5 as far as collecting on dividends/interest, and even long term investing like 10+ years.

Any tips to get started?
How long til retirement? Mutual funds are the best bet, but choosing one depends on the answer to that question.
__________________
Keep your political crap out of a football forum! Nobody here gives a rat's a**
Reply With Quote
  #3  
Old 04-30-2017, 03:02 PM
natagu23's Avatar
natagu23 natagu23 is offline
Senior Member
 
Join Date: Feb 2017
Posts: 4,274
Thanks: 114
Thanked 141 Times in 72 Posts
Default

Quote:
Originally Posted by Racehorse View Post
How long til retirement? Mutual funds are the best bet, but choosing one depends on the answer to that question.
Probably in like 35-40 years if im blessed.
Reply With Quote
The Following User Says Thank You to natagu23 For This Useful Post:
Racehorse (05-01-2017)
  #4  
Old 04-29-2017, 07:30 AM
sherck's Avatar
sherck sherck is offline
Senior Member
 
Join Date: Jan 2017
Location: Dayton, Ohio
Posts: 3,746
Thanks: 1,780
Thanked 1,189 Times in 523 Posts
Default

Goals for your money, in order:

1. Get a little emergency fund of $1,000.
2. Cut up the credit cards and get out of ALL debt except for the mortgage.
3. Bulk up the emergency fund to 3-6 months of your monthly expenses.
4. Start putting 15% of gross income in retirement vehicles.
5. Put money away for kids college.
6. Pay off your house early.
7. Accumlate vast wealth through "time in the market" instead of "timing the market".

Where are you in the process?

Cheers,

Sent from my SM-G930V using Tapatalk
__________________
==============
Thad
The future is so bright; I gotta triple up!
Reply With Quote
The Following 2 Users Say Thank You to sherck For This Useful Post:
natagu23 (04-30-2017), smitty46953 (04-29-2017)
  #5  
Old 04-29-2017, 10:37 AM
Puck's Avatar
Puck Puck is offline
Administrator
 
Join Date: Jan 2017
Location: Fort Wayne
Posts: 7,928
Thanks: 1,780
Thanked 2,852 Times in 1,401 Posts
Default

Easy Invest in majiuana
__________________
Gonna win it all.
Reply With Quote
The Following User Says Thank You to Puck For This Useful Post:
omahacolt (04-29-2017)
  #6  
Old 04-29-2017, 10:43 AM
smitty46953's Avatar
smitty46953 smitty46953 is offline
Administrator
 
Join Date: Jan 2017
Posts: 4,905
Thanks: 3,323
Thanked 1,965 Times in 1,038 Posts
Default

Quote:
Originally Posted by Puck View Post
Easy Invest in majiuana
Pothead ??? Or buy a Papa Johns Franchise and put them next to medical marijuana suppliers ... Gotta fix the munchies ....
__________________
Never argue with an idiot, they will drag you down to their level and beat you with experience !!!
Reply With Quote
  #7  
Old 04-30-2017, 10:21 PM
Puck's Avatar
Puck Puck is offline
Administrator
 
Join Date: Jan 2017
Location: Fort Wayne
Posts: 7,928
Thanks: 1,780
Thanked 2,852 Times in 1,401 Posts
Default

Quote:
Originally Posted by smitty46953 View Post
Pothead ??? Or buy a Papa Johns Franchise and put them next to medical marijuana suppliers ... Gotta fix the munchies ....


Mrs Puck and I were in talks with a friend who is already a hydroponics grower. He was working on setting up in Michigan. Ohio is now available with much easier rules. Indiana will more than likely be legal for medical in 2019. Lots of hoops and whistles but the return is tremendous

Sadly my friend died Tuesday morning of a heart attach cause from a blood clot because he had to be taken off blood thinners to have a colonoscopy preformed last Wed. He was my league golf partner and a very good guy and a Ft Wayne fireman... his funeral is tomorow

Anyway. If you investigate the numbers you will see that what I am saying is true. We are still investingating just a huge setback and loss of a very good friend
__________________
Gonna win it all.
Reply With Quote
  #8  
Old 04-30-2017, 11:58 PM
smitty46953's Avatar
smitty46953 smitty46953 is offline
Administrator
 
Join Date: Jan 2017
Posts: 4,905
Thanks: 3,323
Thanked 1,965 Times in 1,038 Posts
Default

Quote:
Originally Posted by Puck View Post
Mrs Puck and I were in talks with a friend who is already a hydroponics grower. He was working on setting up in Michigan. Ohio is now available with much easier rules. Indiana will more than likely be legal for medical in 2019. Lots of hoops and whistles but the return is tremendous

Sadly my friend died Tuesday morning of a heart attach cause from a blood clot because he had to be taken off blood thinners to have a colonoscopy preformed last Wed. He was my league golf partner and a very good guy and a Ft Wayne fireman... his funeral is tomorow

Anyway. If you investigate the numbers you will see that what I am saying is true. We are still investingating just a huge setback and loss of a very good friend
Ouch, sorry to hear about your friend buddy ... I remember talking bout that on way home Thanksgiving while our wifes were shopping
__________________
Never argue with an idiot, they will drag you down to their level and beat you with experience !!!
Reply With Quote
The Following User Says Thank You to smitty46953 For This Useful Post:
Puck (05-01-2017)
  #9  
Old 04-29-2017, 10:41 AM
smitty46953's Avatar
smitty46953 smitty46953 is offline
Administrator
 
Join Date: Jan 2017
Posts: 4,905
Thanks: 3,323
Thanked 1,965 Times in 1,038 Posts
Default

Quote:
Originally Posted by sherck View Post
Goals for your money, in order:

1. Get a little emergency fund of $1,000.
2. Cut up the credit cards and get out of ALL debt except for the mortgage.
3. Bulk up the emergency fund to 3-6 months of your monthly expenses.
4. Start putting 15% of gross income in retirement vehicles.
5. Put money away for kids college.
6. Pay off your house early.
7. Accumlate vast wealth through "time in the market" instead of "timing the market".

Where are you in the process?

Cheers,

Sent from my SM-G930V using Tapatalk
That is great advice for him to follow ...
With #4 I don't know your employment situation, but if a 401K plan is available most offer a % match. For example if you put in 6% your employer will match up to a pre-set percentage. ALWAYS put in at least what your company will match ...
__________________
Never argue with an idiot, they will drag you down to their level and beat you with experience !!!
Reply With Quote
The Following 2 Users Say Thank You to smitty46953 For This Useful Post:
natagu23 (04-30-2017), rcubed (04-29-2017)
  #10  
Old 04-29-2017, 09:49 PM
sherck's Avatar
sherck sherck is offline
Senior Member
 
Join Date: Jan 2017
Location: Dayton, Ohio
Posts: 3,746
Thanks: 1,780
Thanked 1,189 Times in 523 Posts
Default

Quote:
Originally Posted by smitty46953 View Post
That is great advice for him to follow ...
With #4 I don't know your employment situation, but if a 401K plan is available most offer a % match. For example if you put in 6% your employer will match up to a pre-set percentage. ALWAYS put in at least what your company will match ...
For retirement, priority should be:

1. Roth 401k with match (match will not be Roth).
2. Traditional 401k with match.
3. Roth IRA.
4. Roth 401k without match.
5. Traditional IRA.
6. Traditional 401k without match.
7. Variable annuity.
8. Taxable investment account.

Always growth stock mutual funds with long, good track records split evening between large cap, mid cap, small cap and international.

After getting out of debt and get your full emergency fund, you do steps 4, 5, and 6 at the same time. Once you own your home, so many life choices open up.

Cheers,

Sent from my SM-G930V using Tapatalk
__________________
==============
Thad
The future is so bright; I gotta triple up!

Last edited by sherck; 04-29-2017 at 09:53 PM.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 10:55 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
ColtFreaks.com is in no way affiliated with the Indianapolis Colts, the NFL, or any of their subsidiaries.