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Investment advice....

  • obviously won't move off of almost anything said in here but wanted to gauge the board's opinion.

    I have about 40,000 dollars in mutual funds, very blessed for a 26 year old. Split between Roth IRA, IRA, General Mutual funds.

    Is it time to get out of the market IYO? What should I move to if you say yes?

    Pretty simple. Thanks for any responses.

    This post was edited by fsufsu on 6/21/2012 at 8:31 PM

    fsufsu

  • I would tell you where to invest.. But that's illegal

    This post was edited by Lesticals on 6/21/2012 at 8:35 PM

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    Danielle Hunter, Jamario Rasco, Anthony FREAK Johnson.. DL wrecking crew of 2013.

    Lesticals ●

  • No, it doesn't pay to move to anything else. Bonds aren't yielding shit. Savings accounts are less than nothing. Diversify some to precious metals and hope that Europe doesn't completely fall apart.

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    Sir Mix A Lot

  • nvm

    This post was edited by Lesticals on 6/21/2012 at 8:39 PM

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    Danielle Hunter, Jamario Rasco, Anthony FREAK Johnson.. DL wrecking crew of 2013.

    Lesticals ●

  • FL Buckeye said...

    No, it doesn't pay to move to anything else. Bonds aren't yielding shit. Savings accounts are less than nothing. Diversify some to precious metals and hope that Europe doesn't completely fall apart.

    My belief right now my best bet might be for my wife and I to finally purchase a home and use most of it for a down payment. At least then it's transitioning it to a physical asset.

    fsufsu

  • fsufsu said...

    My belief right now my best bet might be for my wife and I to finally purchase a home and use most of it for a down payment. At least then it's transitioning it to a physical asset.

    If I remember correctly you live in the Carolinas, and if that is the case real estate would be a very nice investment(and you can live somewere nice!)

    signature image signature image signature image

    Sir Mix A Lot

  • Also cannot give advice, but if you think in terms of asset classes, stocks are likely the best bet given the alternatives.

    SDWolverine

  • FL Buckeye said...

    If I remember correctly you live in the Carolinas, and if that is the case real estate would be a very nice investment(and you can live somewere nice!)

    Knoxville. Same deal though. I want to move to Fountain City and there are lots of houses either major fixer uppers or just something that needs 25K put into it and you can get them cheap still. Leaning that way. Bout to start a new job hopefully and we'll make the move. Hopefully the EU and US Dollar hold out till then, lol

    fsufsu

  • I'm assuming your young and not close to retirement. Keep it in and try to max out your roth. 40k alone could be over a million in 20 years.

    "People always ask me if I wish I were bigger. I tell them no. I always wanted to be a miniature badass." Dustin Pedroia

    El Guapo

  • El Guapo said...

    I'm assuming your young and not close to retirement. Keep it in and try to max out your roth. 40k alone could be over a million in 20 years.

    I'm 26. I am not a huge conspiracy theorists but I do believe this country is going to go through some lean times ahead. Real lean. I think America recovers but I think we spend a year or two with the Dow back down in the 7G range here coming up. JMO.

    fsufsu

  • fsufsu said...

    I'm 26. I am not a huge conspiracy theorists but I do believe this country is going to go through some lean times ahead. Real lean. I think America recovers but I think we spend a year or two with the Dow back down in the 7G range here coming up. JMO.

    No, you are 26... you want to dump as much money into stocks and retirement funds as you can. We are in the down time right now. It may go down a bit more, but if we are talking about long term investments, you'll be fine.

    Don't try to overthink this.

    This post was edited by getmyjive11 on 6/21/2012 at 9:17 PM

    getmyjive11

  • I'm not getting philosophical. It just seems this country in its current format is a lemon and certain sociological and technological factors have lead to back to back generations being largely worthless.

    I believe America will have a Pheonix from the ashes rejuvenation but there'll be lean years.

    fsufsu

  • getmyjive11 said...

    No, you are 26... you want to dump as much money into stocks and retirement funds as you can. We are in the down time right now. It may go down a bit more, but if we are talking about long term investments, you'll be fine.

    Don't try to overthink this.

    This holds IF IF IF you continue to dollar cost average into your fund choices. Right now, at this exact instant, stocks are priced the best to out perform over the next 8 years. Will there be turbulence? Yes. Is this a guarantee? No. However stocks are your best weighted probability expected return for the rest of your lifetime not to mention the next 8-10 years.

    SDWolverine

  • SDWolverine said...

    This holds IF IF IF you continue to dollar cost average into your fund choices. Right now, at this exact instant, stocks are priced the best to out perform over the next 8 years. Will there be turbulence? Yes. Is this a guarantee? No. However stocks are your best weighted probability expected return for the rest of your lifetime not to mention the next 8-10 years.

    Thanks, feel free to drop more knowledge. So you think my best move is to no doubt stay in? What about moving money around between companies? My account with Old Mutual out of Kansas City has dropped over the last 4 years. That aint working.

    fsufsu

  • fsufsu said...

    Thanks, feel free to drop more knowledge. So you think my best move is to no doubt stay in? What about moving money around between companies? My account with Old Mutual out of Kansas City has dropped over the last 4 years. That aint working.

    3 fund portfolio http://www.bogleheads.org/. You are overthinking it.

    stoptothink ●

  • fsufsu said...

    Thanks, feel free to drop more knowledge. So you think my best move is to no doubt stay in? What about moving money around between companies? My account with Old Mutual out of Kansas City has dropped over the last 4 years. That aint working.

    I'm telling you, if I were you, I would hope that the market would come down a little more so that you could get even more bang for your buck. You are at a great age to take advantage of a bear market.

    Stop worrying.

    getmyjive11

  • getmyjive11 said...

    I'm telling you, if I were you, I would hope that the market would come down a little more so that you could get even more bang for your buck. You are at a great age to take advantage of a bear market.

    Stop worrying.

    Thank you for your thoughts. If the market drops I lose buying power. How do I take advantage? In LAY terms.

    fsufsu

  • fsufsu said...

    Thank you for your thoughts. If the market drops I lose buying power. How do I take advantage? In LAY terms.

    If the market drops, the price of shares drop and you can buy more shares for your money. Just contribute the max in your Roth and keep putting money in your other investments.

    It would take a colossal globe collapse for you to end up in a bad position here. And if that happens, we are all in trouble, regardless of what you have your money in.

    getmyjive11

  • getmyjive11 said...

    If the market drops, the price of shares drop and you can buy more shares for your money. Just contribute the max in your Roth and keep putting money in your other investments.

    It would take a colossal globe collapse for you to end up in a bad position here. And if that happens, we are all in trouble, regardless of what you have your money in.

    Agreed.

    The last thing I would advise a young investor to do is to pull money out of retirement accounts now. This is when you set yourself up for an early retirement. Getting money into the market tax-deferred in the 20s and 30s is the only chance that the younger generations have of retiring at a reasonable age because they certainly won't be able to depend on the government.

    fsufsu, max out your retirement accounts (all that you can afford) and then do what you want with the leftovers.

    james026

  • Wouldn't touch that money before finding out how much Uncle Sam is gonna ream you for it..

    Big A

  • Big A said...

    Wouldn't touch that money before finding out how much Uncle Sam is gonna ream you for it..

    Very aware of that. I am meeting with a financial advisor tomorrow with that as my #1 question.

    fsufsu

  • Invest in an Index Fund, they outperform a majority of mutual funds and you don't have to pay management fees. Interests rates are too low to hope to make money in anything else. If you want to take on a bit more risk but still be fairly safe buy some high dividend bonds of safer companies

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    "The Michigan Man is certain he invented the Big Ten, along with intellect, cocktails and sex."

    Wendel Clark ●

  • fsufsu said...

    Thanks, feel free to drop more knowledge. So you think my best move is to no doubt stay in? What about moving money around between companies? My account with Old Mutual out of Kansas City has dropped over the last 4 years. That aint working.

    Again, I can't give advice, however the best things that I can say is to #1 educate yourself to the point that you do not have to pay someone for advice, unless you are going to hire a bada$$ portfolio manager that will kill it. #2 - Over a long time horizon, like you have, minimize expenses. Vanguard takes a lot of $hit but if you dollar cost average the fee deferential alone is 1-2% per year plus compounding.

    SDWolverine

  • Would transfer your IRA money to the Roth.

    Michmania ●

  • fsufsu said...

    Very aware of that. I am meeting with a financial advisor tomorrow with that as my #1 question.

    Just understand that he/she gets paid when you do a transaction of any kind. He might be a good guy, but just in case hang on to your wallet.

    SDWolverine

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