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#1126 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
https://www.bogleheads.org/wiki/Three-fund_portfolio |
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Posts: 52,181
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#1127 |
A certain set of skills
Join Date: Dec 2003
Location: texas
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That is a good idea, but I'm more like Rain Man where I don't gamble but use the hotel to sight see or go to shows and the like.
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Posts: 25,265
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#1128 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Keep some cash in the bank though for incaseshit money. While investment accounts are pretty liquid it does take a little time. Plus if you pull some out a couple times a year because your refrigerator died or you need tires or whatever you'll have to pay tax on the gain and do all the bullshit on the tax return for short and long term gain splits and all that bullshit for a grand or whateever may take some shine off your gains. Especially if you are doing your own taxes now and have to hire a professional for a few bucks of cap gain. Bottom line: keep some cash in the bank. What a lot of people did before the interest rate went to LOL is have 12 12 month CDs that mature each month. That way you've always got a little money available each month and if shit gets hairy the bank will loan you money against the CDs. Probably not a good idea until interest rates come off the ground some. |
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Posts: 57,475
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#1129 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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Which one of these things do I need to sign up for?
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Posts: 54,409
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#1130 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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I signed up for individuals but I don't see index funds.
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Posts: 54,409
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#1131 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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It said I needed 3000 to buy a mutual fund is that right? Maybe in a year. Also so I just pick likeIntermediate-Term Bond Index Admiral Shares and start buying that?
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Posts: 54,409
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#1132 | |
Beloved & Awesome CP Celebrity
Join Date: Aug 2000
Location: Florida
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Quote:
If you can't do that and just want to park money elsewhere than a brick and mortar bank paying 0.05% interest look into an online savings account. Ally bank currently pays 1.15%, Synchrony pays 1.20%, some others are up to 1.30%. |
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Posts: 35,698
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#1133 | |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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Quote:
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Posts: 54,409
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#1134 | |
Veteran
Join Date: Jan 2006
Location: Undercover.....
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Quote:
https://finance.yahoo.com/quote/PNOW?p=PNOW = 628.57 loss |
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Posts: 3,477
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#1135 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
https://personal.vanguard.com/us/fun...FundIntExt=INT That link is vbiix. Underneath the fund name, Vanguard Intermediate.., you'll see hyperlinks to the admiral share class and the ETF. The Admiral shares have lower expense ratios but cost even more to get into (10k in this case). The ETF is a stock version. They typically have the same ER as the Admiral shares and the minimum is whatever 1 share costs to buy. In this case 80 something bucks. Both the ETF and the mutual fund hold the same underlying assets. You can start with the ETFs and shift into mutual funds once you have the minimums. Once your comfortable buying ETF as stock there aren't many reasons to purchase mutual funds though. They're pretty inferior unless you want automated investing on deposits every two weeks |
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Posts: 6,033
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#1136 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,693
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#1137 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
This is a great post and I totally agree. No reason you can't just have that individual brokerage account and do ETFs, which are in a simple sense, mutual funds that can be traded like stocks. I only purchase mutual funds in my retirement accounts as they usually have higher fees. In my individual brokerage account I'll purchase the ETF equivalent or index as it's more liquid. With Vanguard, TD Ameritrade and most other online brokerage accounts, they offer a list of Free trades with certain ETFs. With my TD Ameritrade account I have access to 101 ETFs that I can trade commission free. Meaning if I only want to invest a few hundred dollars in some ETF, I can and not get eaten up in fees for such a low initial investment. I can trade this months later and again, it's free. I think this is your best option. Watch the fees on other ETFs though. If you only plan on buying a few hundred dollars of shares at a time, the fees can eat you up pretty quick. Pretty sure Vanguard ETFs are free with a brokerage account there though. https://investor.vanguard.com/invest...ssions?lang=en If you wanna make sure the ETF is free trades before buying, you can always call them. Their customer services is very good. Here's a list as well. 55 different choices on the free list from what I can tell. https://investor.vanguard.com/etf/li...th-end-returns Some good reading about ETFs and free trades in the middle of this. http://www.thesimpledollar.com/how-t...n-index-funds/ Last edited by lewdog; 07-24-2017 at 05:30 PM.. |
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Posts: 45,999
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#1138 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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I'm not a market guy but I have some money I can afford to invest. How bout a stock tip?
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Posts: 15,267
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#1139 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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I just bought an etf when do I get rich and get pussy? Federal Money Market
(Settlement fund) is what I bought. |
Posts: 54,409
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#1140 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,475
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