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Old 04-29-2017, 02:27 AM
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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?
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Old 04-29-2017, 06:22 AM
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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.
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Old 04-29-2017, 07:30 AM
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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,

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Old 04-29-2017, 10:37 AM
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Easy Invest in majiuana
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Old 04-29-2017, 10:41 AM
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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 ...
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Old 04-29-2017, 10:43 AM
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Easy Invest in majiuana
Pothead ??? Or buy a Papa Johns Franchise and put them next to medical marijuana suppliers ... Gotta fix the munchies ....
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Old 04-29-2017, 07:46 PM
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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?
fuck it

you only live once. buy alcohol and whores. do some coke before getting the whores. trust me on that one.
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Old 04-29-2017, 09:49 PM
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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
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Last edited by sherck; 04-29-2017 at 09:53 PM.
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Old 04-30-2017, 02:45 PM
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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
I've always had an emergency fund going back to my early working days and in college, so thats scratched off the list.

Right now im trying to bang away at my student loans.

Honestly, I dont have any kids yet so im not really worried about college funds right now.

Im mostly interested in trying to invest money in stocks and mutual funds and build up my savings account.
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Old 04-30-2017, 02:53 PM
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Pointers on how to read the markets?

Beginner/ safe stocks I should be looking at?

Im really dead set at getting the ball rolling this Summer with investing.

I'll try to see if I can meet up with a financial adviser at my bank next month before I make any moves.
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