Investing Money Tips

[natagu23]

Originally Posted by sherck

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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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.

[natagu23]

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.

[sherck]

Originally Posted by natagu23

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.

No reading the market.

Dollar Cost Average (DCA) into the market (invest the same amount every month regardless of if the market is up or down. When up, you buy less shares and you buy more shares when itis down or "on sale.") and let your investments without rebalancing.

Guy I listen to says no single stocks until you have more than $1m invested; the risk is too high. Good growth stock mutual funds with long track records.

If you want the math and history, find a copy of "Stocks for the Long Run" by Jeremy Siegel. Talks about how the market as a whole has never failed to be up over any 8 year timespan since the late 1600s in England and then the U.S. regardless of Civil War, World War, Great Depression or anything inbetween.

Cheers,

Sent from my SM-G930V using Tapatalk

[sherck]

Originally Posted by natagu23

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.

Also, no bank investment advisor; those guys are barely trained.

I have some advice on that if you want to PM me

Cheers,

Sent from my SM-G930V using Tapatalk

[omahacolt]

Originally Posted by natagu23

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.