What investments do you have?

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SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Jul 24, 2013 8:54 AM
Biznezz talk

I am 24 so I have basically none. Couple thousand in a 401k and a little bit of shares in the stock of the company I work for, and it's done quite well.
Jul 24, 2013 8:54am
LJ's avatar

LJ

Senior Member

16,351 posts
Jul 24, 2013 9:00 AM
What I always tell people to do is to take some money and put it aside into an IRA to play with. Get yourself a good broker and go aggressive with it. I like to do it a year at a time. So say you put aside $2500 per year, every year put that $2500 into something different than what you already have. Your growth potential is unlimited, but it really keeps your losses capped if you diversify it right.
Jul 24, 2013 9:00am
Raw Dawgin' it's avatar

Raw Dawgin' it

Just Ain't Care

11,466 posts
Jul 24, 2013 9:08 AM
I have an IRA and a 403b. IRA is pretty aggressive since I don't add to it. I have the money spread out into a couple mutual funds in different sectors. 2 are aggressive and 1 moderate. I haven't put money into it this year and it's made decent gains on it's own.

I currently put money into a 403b because my work matches 6%.
Jul 24, 2013 9:08am
LJ's avatar

LJ

Senior Member

16,351 posts
Jul 24, 2013 9:12 AM
You could also start buying shares of a stock that pays a dividend, then use a DRIP to accumulate more stock with no more money in. Buy 50 shares and let it go. My dad bought me 10 shares of a small bank in NC the day I was born and through DRIP I believe I have over 700 shares today.
Jul 24, 2013 9:12am
C

Con_Alma

Senior Member

12,198 posts
Jul 24, 2013 9:15 AM
DRIPs are wonderful.
Jul 24, 2013 9:15am
LJ's avatar

LJ

Senior Member

16,351 posts
Jul 24, 2013 9:16 AM
Con_Alma;1477862 wrote:DRIPs are wonderful.
Definitely one of the most overlooked investments
Jul 24, 2013 9:16am
C

Con_Alma

Senior Member

12,198 posts
Jul 24, 2013 9:37 AM
The lack of expense alone makes it appealing.
Jul 24, 2013 9:37am
#1DBag's avatar

#1DBag

Nothing to see here.

786 posts
Jul 24, 2013 9:44 AM
Jul 24, 2013 9:44am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Jul 24, 2013 9:57 AM
I'm invested heavily in CloudFlare.
Jul 24, 2013 9:57am
vdubb96's avatar

vdubb96

Urbans Meyers Stache

2,210 posts
Jul 24, 2013 9:59 AM
I have some solid beers aging in my basement. Those are my investments.
Jul 24, 2013 9:59am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Jul 24, 2013 10:03 AM
Serious answer. We each have a 401k and IRA. We ended up meeting with a financial advisor last year and he is managing all of that shit for us now.
Jul 24, 2013 10:03am
Curly J's avatar

Curly J

Self Pwner in Training.

7,282 posts
Jul 24, 2013 10:19 AM
vdubb96;1477901 wrote:I have some solid beers aging in my basement. Those are my investments.
^^^This. I also invested in Ohio Chatter.
Jul 24, 2013 10:19am
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Jul 24, 2013 10:20 AM
justincredible;1477907 wrote:Serious answer. We each have a 401k and IRA. We ended up meeting with a financial advisor last year and he is managing all of that shit for us now.

Ill be doing that as soon as I have money to invest
Jul 24, 2013 10:20am
wes_mantooth's avatar

wes_mantooth

Tomfoolery & shenanigans

17,977 posts
Jul 24, 2013 10:32 AM
I have 7 dollars in my piggy bank
Jul 24, 2013 10:32am
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Jul 24, 2013 12:12 PM
My wife and I are 27 --- my 401K, her 401K

This is the 2nd year we've been maxing out a Roth IRA at Vanguard...We used to keep 10-15K in cash at a bank for an emergency fund, but I'm funneling that down to 5-10K at the most...Worst case scenario you can withdraw the basis out of the Roth with no penalties, so I'm mentally treating that as an investment/emergency fund.

Side note, just paid off our 3rd of 4 student loans yesterday...Hurt to send in the $4,000 check, but we will be debt free (except for mortgage) by the end of 2014....Just a car loan and 1 more student loan to go.

Debt sucks.
Jul 24, 2013 12:12pm
vdubb96's avatar

vdubb96

Urbans Meyers Stache

2,210 posts
Jul 24, 2013 12:27 PM
Curly J;1477917 wrote:^^^This. I also invested in Ohio Chatter.
The OC may be the worst investment you could have made. Prayers from NW Ohio! :)
Jul 24, 2013 12:27pm
Belly35's avatar

Belly35

Elderly Intellectual

9,716 posts
Jul 24, 2013 1:05 PM
The wife has a 401K

I play with buying/selling gold .. it is a set amount that I'm willing to lose Whatever I make I spend or re-invest back and what ever I lose I just have less to buy next time.

We have two Investment Groups that we use .. We use one as a more aggresive investment and the other more moderate.
Jul 24, 2013 1:05pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Jul 24, 2013 1:18 PM
Belly35;1478024 wrote:The wife has a 401K

I play with buying/selling gold .. it is a set amount that I'm willing to lose Whatever I make I spend or re-invest back and what ever I lose I just have less to buy next time.

We have two Investment Groups that we use .. We use one as a more aggresive investment and the other more moderate.

Buying/selling gold? Come on belly! That's such a terrible investment strategy.
Jul 24, 2013 1:18pm
Belly35's avatar

Belly35

Elderly Intellectual

9,716 posts
Jul 24, 2013 1:31 PM
SportsAndLady;1478036 wrote:Buying/selling gold? Come on belly! That's such a terrible investment strategy.
Not really a investment just a game ... like poker

I do have a formula I've created that seems to work ...
Jul 24, 2013 1:31pm
redstreak one's avatar

redstreak one

Senior Member

1,152 posts
Jul 24, 2013 3:05 PM
I have an IRA with fidelity my father set up for me right after college. The wife and I put money into this every year and since the near collapse of the market, it has been doing very well. I also have an annuity through Modern Woodsmen that I contribut every pay. Of course we have the evil teacher STRS! lol
Jul 24, 2013 3:05pm
S

slingshot4ever

Senior Member

4,085 posts
Jul 24, 2013 3:28 PM
401k for both of us. Wife is an only child so that is the other "investment"
Jul 24, 2013 3:28pm
M

MontyBrunswick

Jul 24, 2013 3:46 PM
I gave a coworker two hot stock tips last spring and he didn't take my advice. He's been kicking himself since.

I told him to sink money into the fifth and sixth biggest mobile networks. (MetroPCS and Leap Wireless).

MetroPCS got bought out a few months later by T-mobile and Leap just agreed to be acquired for $15 a share (was at $2.30) by AT&T.

The big boys have been buying up anyone and everyone who gives then more spectrum/airwave space, so it was a fairly safe assumption that one of them would get scooped up.


That being said, I don't have the capital to invest, but think I might once I get some cash saved up.
Jul 24, 2013 3:46pm
G

gut

Senior Member

15,058 posts
Jul 24, 2013 6:03 PM
No need to complicate things, unless you want to play around a bit as a hobby.

It's really as simple as an S&P index, a little NASDAQ, maybe a global equity index/fund. Set it and forget it.

I don't buy stocks. To use Belly's analogy, it's like poker - except your a beginner playing a short stack at a table with Ivey, Helmuth, Negranu, etc... Now if you have the time and expertise, you could pick out about 20 stocks and weight such that you have similar exposure/risk as the S&P index (commonly called an alpha strategy, which is basically the goal of every fund manager out there and almost none of them succeed consistently).

80% of returns are driven by asset/sector. You will be better off focusing on the macro and spotting opportunities in countries, sectors and asset classes (i.e. I have nothing in fixed income right now - there's nothing but huge downside in trade for pennies). It's also an easier and more manageable task to take a top-down approach.
Jul 24, 2013 6:03pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Jul 24, 2013 6:40 PM
Guns.
Jul 24, 2013 6:40pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 24, 2013 7:49 PM
Govt. pension plan!

Savings for both children. $600ish per year, since they were born.
Jul 24, 2013 7:49pm