Does anyone invest?

[MDB111™]

Discuss.

 

[Omeletpants]

If you are not investing your money into something then you are a moron. Social Security will not pay for anyone's retirement.

It starts with a commitment to invest/save each paycheck. If you are young start with 10%. If you are older you'll will need to scrape and make saving a priority. If you have 500k to invest then go to someone like Schwab or Vanguard and have their Wealth Management group make the decisions for you. Part of what they do is help you do a holistic plan. When you get to a million dollars that will put you into a higher level Wealth Management pool and you will get more personalized service.

What is your current plan and strategy?

 

[Ares]

If you are not investing your money into something then you are a moron. Social Security will not pay for anyone's retirement.

It starts with a commitment to invest/save each paycheck. If you are young start with 10%. If you are older you'll will need to scrape and make saving a priority. If you have 500k to invest then go to someone like Schwab or Vanguard and have their Wealth Management group make the decisions for you. Part of what they do is help you do a holistic plan. When you get to a million dollars that will put you into a higher level Wealth Management pool and you will get more personalized service.

What is your current plan and strategy?

Elgin

 

[MDB111™]

If you are not investing your money into something then you are a moron. Social Security will not pay for anyone's retirement.

It starts with a commitment to invest/save each paycheck. If you are young start with 10%. If you are older you'll will need to scrape and make saving a priority. If you have 500k to invest then go to someone like Schwab or Vanguard and have their Wealth Management group make the decisions for you. Part of what they do is help you do a holistic plan. When you get to a million dollars that will put you into a higher level Wealth Management pool and you will get more personalized service.

What is your current plan and strategy?

Most "wealth" advisors I have dealt with only look at their own bottom line. I got into some front loaded mutual funds, percentage funds, you name it. It wasnt until I educated myself and realized they were only worried about commission and didnt give a shit where the fund was going.
Studies also show that professionally managed funds do no better than a 5 year old picking stocks.

 

[Omeletpants]

Most "wealth" advisors I have dealt with only look at their own bottom line. I got into some front loaded mutual funds, percentage funds, you name it. It wasnt until I educated myself and realized they were only worried about commission and didnt give a shit where the fund was going.
Studies also show that professionally managed funds do no better than a 5 year old picking stocks.

Well, I'm with Vanguard and they are one of the best Wealth Management firms in the world. If you look at Vanguard mutual funds they are some of the best returns in the world.

Are there better returns? Maybe on a yearly basis but long terms Vanguard is about as good as one can reasonably expect

My managed costs are 30 basis points, which is hardly the rip off you describe

What's your alternative?

 

[MDB111™]

Well, I'm with Vanguard and they are one of the best Wealth Management firms in the world. If you look at Vanguard mutual funds they are some of the best returns in the world.

Are there better returns? Maybe on a yearly basis but long terms Vanguard is about as good as one can reasonably expect

My managed costs are 30 basis points, which is hardly the rip off you describe

What's your alternative?

My alternative is individual stocks.
I day/swing a few stocks.
But I do have vanguard ETFs. And I do hold a bunch in funds still.

 

[Omeletpants]

My alternative is individual stocks.
I day/swing a few stocks.
But I do have vanguard ETFs. And I do hold a bunch in funds still.

Good that daytrading works for you. Won't work for 99.9% of investors

 

[modo]

One of the overlooked investments is your own house.

 

[dweebs19]

One of the overlooked investments is your own house.

is it though? if you do the math on it, do you always come out ahead owning a hoe vs investing that money while you pay rent?

 

[MDB111™]

Good that daytrading works for you. Won't work for 99.9% of investors

It doesnt work for me either on days! The market is strange. But I have a few plays that work for me...rinse and repeat.

 

[MDB111™]

is it though? if you do the math on it, do you always come out ahead owning a hoe vs investing that money while you pay rent?

Owning a home right? And not being a pimp?
Safest best is always real estate IMO.
My wife and I were able to scoop up 2 townhouses for about 200,000.00 when the real estate market dropped. We rent them out for 1400.00 . 1.4 percent ROI. Every month! In theory(sometimes they dont pay)
So the renter pays 16800.00 per year. If he invested that amount he would be out a home and be down for 2018.
I was always taught to own your home,otherwise one is throwing money away.
With that said, I've rented at times too in my life. There is a time for everything I guess.

 

[KoreanBear]

I let the pros invest for me. Mutual or index or whatever... i only care about the bottom line i guess.

Have emergency fund in bank and whatever extra i have goes into investments and mortgage. Im on a plan to retire at age 55-60 depending how well the market does. When i met with my investor he had a backwards calculator that when i punched in my ideal retirement age and current worth it spat out how much i need to invest per month to achieve that goal.

I suggest ppl listen to dave ramsey on youtube to get a start on why or what investment is all about. And then meet with a pro ffs. They are pros for a reason.

 

[BNB]

Owning a home right? And not being a pimp?
Safest best is always real estate IMO.
My wife and I were able to scoop up 2 townhouses for about 200,000.00 when the real estate market dropped. We rent them out for 1400.00 . 1.4 percent ROI. Every month! In theory(sometimes they dont pay)
So the renter pays 16800.00 per year. If he invested that amount he would be out a home and be down for 2018.
I was always taught to own your home,otherwise one is throwing money away.
With that said, I've rented at times too in my life. There is a time for everything I guess.

Everyone is seemingly taught that, but it is seldom true for most people. Yes, some people make a lot of money from owning property, but the majority will either lose money, break even, or see a very small return. Yet, is seems like almost every homeowner says they're going to see a huge return when they sell their house.

Why? They're usually ignoring all other costs when doing the math. All they look at is how much they bought their house for, and how much they're going to sell it for. The difference is all profit! That's wrong. If you buy a house for 200k on a 30-year mortgage, the "all-in cost" of the owning that home by the end of 30 years will be close to 500k. So if you sold that 200k house for about 500k, you aren't making a 300k profit, you're just making your money back.

Obviously there are exceptions. If you buy a house in a bad/average neighborhood at a discounted price, then the neighborhood starts booming in a few years... yeah, you'll likely see a nice return. Or if you pay off your house very early.. The savings on paying the mortgage and interest will likely result in a larger return. However, as I stated earlier, most people can't afford to pay off their homes early (or least not early enough for it to make a difference), and buying property in a bad neighborhood that winds up booming is pretty rare and a gamble.

 

[Burque]

Maryland please don't listen to egg slacks.

Sent from my XT1254 using Tapatalk

 

[Gustavus Adolphus]

All of my money is tied up into baseball cards.

 

[Fatman LOU]

All of my money is tied up into baseball cards.

I invest in my children.

 

[Burque]

I invest in my children.

You've got two lifetime pensions bro. Hopefully they transfer to your wifey or you outlive her.

Sent from my XT1254 using Tapatalk

 

[Hawkeye OG]

Well, I'm with Vanguard and they are one of the best Wealth Management firms in the world. If you look at Vanguard mutual funds they are some of the best returns in the world.

Are there better returns? Maybe on a yearly basis but long terms Vanguard is about as good as one can reasonably expect

My managed costs are 30 basis points, which is hardly the rip off you describe

What's your alternative?

Second this. I heart Vanguard Index funds. Outside of my 401k/Pension, I invest heavily in 4 Vanguard funds.

- Vanguard Developed Markets ETF
- Vanguard US Stock Market ETF
- Vanguard Emerging Markets ETF
- Vanguard Dividend Growth fund

 

[Fatman LOU]

You've got two lifetime pensions bro. Hopefully they transfer to your wifey or you outlive her.

Sent from my XT1254 using Tapatalk

They will , she will be fine.

 

[MDB111™]

Second this. I heart Vanguard Index funds. Outside of my 401k/Pension, I invest heavily in 4 Vanguard funds.

- Vanguard Developed Markets ETF
- Vanguard US Stock Market ETF
- Vanguard Emerging Markets ETF
- Vanguard Dividend Growth fund

I'm about to drop some into the vanguard dividend growth(VDIGX).
I challenge you to really look into the vanguard emerging markets fund. IMO, your money works better in bonds or redistributed back into your other 3 vanguards. Sure, diversification I get it but i like vanguards REIT fund better than emerging markets.