Investing

[Hawkeye OG]

Outside of your normal company sponsored 401k plans and Pension plans, what other investment vehicles have you guys had success with or are having success with? There are so many different products out there that it can become very tedious when researching different things so I figured I'd poll the resident experts from the CCS Bar.

 

[Tater]

A good long-term investment is getting in a DRIP program (dividend re-investment program). It's easy to buy small amounts and even partial shares once a month but even if you don't, the dividends paid automatically buy you more shares.
Johnson and Johnson is one I have, look at their year to year price increase. Coke is another company that has them.

Seven year JNJ chart:

 

[Hawkeye OG]

Ideally, I'd like to find some sort of 'set it and forget it' account. Something that I can make a small investment in and then throw a couple hundred bucks in a month. I will look into a DRIP program though. Do you actively manage your companies?

 

[Crystallas]

Outside of funds, I like to buy into companies with tech I believe in, over trying to get a profit(with full hopes to make money, don't get me wrong, it's just not the primary driver). Not going to say who, but I like certain green energy companies because they actually have solutions in development or production. Amazing though as a moral premise, it has also been profitable as well in nearly each case, just maybe not as profitable as others.

IMO, you put your money where your mouth is, if you believe in solutions, then fund them and not just support them in spirit and make for internet debates to show your loyalty. In the US and a few other markets, it's fairly easy to do this. Ugh, even kickstarter/crowdfunding, although those are IMO some of the worst and least effective examples of supporting ideas.

 

[ZOMBIE@CTESPN]

Your age and financial situation needs to be factored into any type of investment you want to make

 

[Tater]

Ideally, I'd like to find some sort of 'set it and forget it' account. Something that I can make a small investment in and then throw a couple hundred bucks in a month. I will look into a DRIP program though. Do you actively manage your companies?

That describes a DRIP perfectly. No need to manage it at all. Not only does the price go up, but you automatically purchase more shares with your dividends every 3 months.
You don't have to invest into it monthly, but I get a monthly statement and send in a check for whatever I can afford that month. Some months I send nothing. Even just sending $25 a month adds up though. It's a long-term investment, but it's easy to pull money out for an emergency. I've had to do that after a lay-off and for a surgery.

 

[Hawkeye OG]

Your age and financial situation needs to be factored into any type of investment you want to make

You should be a financial advisor.

 

[Omeletpants]

Ideally, I'd like to find some sort of 'set it and forget it' account. Something that I can make a small investment in and then throw a couple hundred bucks in a month. I will look into a DRIP program though. Do you actively manage your companies?

You could consider a good mutual fund as "set it and forget it". There are a number of Vanguard index funds that have returned 11% each of the past 3 years. If you have to balls to stick no matter what happens then 20 years from now you will have scored big. Throw a couple hundred bucks in monthly and you will be stunned by the results.

The stock market is the single best investment in the world. Regardless of 1 depression, multiple recessions, 2 world wars the market always trends up. This chart should teach the value of sticking it out

Eventually, you want to have someone professionally manage you portfolio. Best thing I ever did

 

[Hawkeye OG]

That describes a DRIP perfectly. No need to manage it at all. Not only does the price go up, but you automatically purchase more shares with your dividends every 3 months.
You don't have to invest into it monthly, but I get a monthly statement and send in a check for whatever I can afford that month. Some months I send nothing. Even just sending $25 a month adds up though. It's a long-term investment, but it's easy to pull money out for an emergency. I've had to do that after a lay-off and for a surgery.

That sounds perfect, actually. I was thinking about just doing a secondary Roth IRA because they are easy to set up/run and what I am most familiar with, but aren't exactly liquid.

 

[Hawkeye OG]

You could consider a good mutual fund as "set it and forget it". There are a number of Vanguard index funds that have returned 11% each of the past 3 years. If you have to balls to stick no matter what happens then 20 years from now you will have scored big. Throw a couple hundred bucks in monthly and you will be stunned by the results.

The stock market is the single best investment in the world. Regardless of 1 depression, multiple recessions, 2 world wars the market always trends up. This chart should teach the value of sticking it out

Eventually, you want to have someone professionally manage you portfolio. Best thing I ever did

I've looking into Mutual Funds and Annuities. The problem is actually picking one. There are so god damn many.

 

[Omeletpants]

NO ANNUITIES!!!!!!!!!! Billionaire fund manager, Ken Fisher said: "I would rather burn in hell than sell you an annuity"

Worst investment ever. All fees are paid upfront

 

[Warden of the Northeast]

Outside of your normal company sponsored 401k plans and Pension plans, what other investment vehicles have you guys had success with or are having success with? There are so many different products out there that it can become very tedious when researching different things so I figured I'd poll the resident experts from the CCS Bar.

I have over 1,200 ounces of silver.

 

[ruprecht]

I have over 1,200 ounces of silver.

Been looking for a guy like you to help me with my werewolf infestation.

 

[ruprecht]

Oh, and what Omelet said.

 

[Crystallas]

I have over 1,200 ounces of silver.

As a primary investment, or a hedge in the context of the OP (which says outside of 401k and pension plans)? As a primary, that's a scary train to jump on.

 

[Warden of the Northeast]

Been looking for a guy like you to help me with my werewolf infestation.

I have just what you need...ruprecht meet Selene.

 

[Hawkeye OG]

NO ANNUITIES!!!!!!!!!! Billionaire fund manager, Ken Fisher said: "I would rather burn in hell than sell you an annuity"

Worst investment ever. All fees are paid upfront

I bet Ryan Pace invests in annuities.

 

[Warden of the Northeast]

As a primary investment, or a hedge in the context of the OP (which says outside of 401k and pension plans)? As a primary, that's a scary train to jump on.

Just as a long term investment. Silver is going to go up big time I think.

 

[Burque]

You could consider a good mutual fund as "set it and forget it". There are a number of Vanguard index funds that have returned 11% each of the past 3 years. If you have to balls to stick no matter what happens then 20 years from now you will have scored big. Throw a couple hundred bucks in monthly and you will be stunned by the results.

The stock market is the single best investment in the world. Regardless of 1 depression, multiple recessions, 2 world wars the market always trends up. This chart should teach the value of sticking it out

Eventually, you want to have someone professionally manage you portfolio. Best thing I ever did

That chart is so flawed is laughable...

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[Burque]

That sounds perfect, actually. I was thinking about just doing a secondary Roth IRA because they are easy to set up/run and what I am most familiar with, but aren't exactly liquid.

All of the money you put into a Roth is liquid without penalty (depending on the specific investment). Just the gains that have the 59.5 penalty.

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