Anyone invest?
Thread Starter
today is not my birthday.
Joined: Apr 2005
Posts: 3,035
Likes: 0
From: Massachusetts
Anyone invest?
Ira's?
Stocks?
what broker?
gonna start investing (looking at like 3-4k a year half retirement and half in high yield stocks possibly) just looking at what people use and trust. I have heard good things about Putnam Investments. anyone have suggestions where i should start?
Stocks?
what broker?
gonna start investing (looking at like 3-4k a year half retirement and half in high yield stocks possibly) just looking at what people use and trust. I have heard good things about Putnam Investments. anyone have suggestions where i should start?
it's my D in a B
Joined: Aug 2001
Posts: 24,787
Likes: 1
From: Your Mom's House
Mutual funds + dollar cost averaging = good money in the long term without worrying about it (or even thinking about it, for that matter). I use AIM investments (formerly Invesco).
I do $300/m regardless of price, so when prices are low, I get more shares, when prices are high, I buy fewer. I've read the mathematical defense for this and it fawking blew my mind.
:edit: IRA's work on a similar principal, but they've got tax advantages too. Opeining an IRA is never a bad idea.
I do $300/m regardless of price, so when prices are low, I get more shares, when prices are high, I buy fewer. I've read the mathematical defense for this and it fawking blew my mind.
:edit: IRA's work on a similar principal, but they've got tax advantages too. Opeining an IRA is never a bad idea.
Last edited by white_n_slow; Jun 10, 2006 at 12:06 PM.
Thread Starter
today is not my birthday.
Joined: Apr 2005
Posts: 3,035
Likes: 0
From: Massachusetts
Originally Posted by white_n_slow
Mutual funds + dollar cost averaging = good money in the long term without worrying about it (or even thinking about it, for that matter). I use AIM investments (formerly Invesco).
I do $300/m regardless of price, so when prices are low, I get more shares, when prices are high, I buy fewer. I've read the mathematical defense for this and it fawking blew my mind.
:edit: IRA's work on a similar principal, but they've got tax advantages too. Opeining an IRA is never a bad idea.
I do $300/m regardless of price, so when prices are low, I get more shares, when prices are high, I buy fewer. I've read the mathematical defense for this and it fawking blew my mind.
:edit: IRA's work on a similar principal, but they've got tax advantages too. Opeining an IRA is never a bad idea.
it's my D in a B
Joined: Aug 2001
Posts: 24,787
Likes: 1
From: Your Mom's House
picking stocks has always seemed unnecesarily dangerous to me. Sure, in theory, an alternative energy company should do great over time as oil prices go up, etc... but who's to say that individual company isn't run by a dumbass or a fraud.
Thread Starter
today is not my birthday.
Joined: Apr 2005
Posts: 3,035
Likes: 0
From: Massachusetts
Originally Posted by white_n_slow
picking stocks has always seemed unnecesarily dangerous to me. Sure, in theory, an alternative energy company should do great over time as oil prices go up, etc... but who's to say that individual company isn't run by a dumbass or a fraud.
Senior Member
Joined: Sep 2002
Posts: 1,104
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From: bay area, cali
not all mutual funds give you positive returns. and fees eat away at your money. go with ETFs, exchange traded funds. it's the future. the only negative thing about them is you have to pay commission for each purchase you make. say you invest in 4 ETFs and you dollar cost average every quarter, that's 16 transactions or 160$ a year.
or you can be a badass and pick individual stocks and even play options if you wanna make a lot but don't mind the possibility of losing a lot too.
or you can be a badass and pick individual stocks and even play options if you wanna make a lot but don't mind the possibility of losing a lot too.