Looking for investment advice...

[LordTrychon]

I read an article about a year ago about the difference between starting investing at age 25 versus at the age of 35 was approximately $1 million... I don't remember the specifics I think it was putting in about $200 a month every month.


ANYWAY....


It stuck with me a little, as I was about to turn 25 at the time. I've been meaning to look into this all year.


I'm almost 26 now, so it's now or never!



Seriously though... just looking for some input... What kind of investing is good for this type of thing... what personal experiences with various companies have you had... Any other advice at all, really!


Thanks!

[ApaOps5]

I am no expert but you might want to look into Gold, Foreign Currency, and foreign stock markets.

The Dollars is very weak right now so there are opportunities there. Gold is just skyrocketing so thats never a bad choice.

I guess what it boils down to is risk. How much risk do you want to take. The stockmarket is risky but traditionally has bigger ROI in the long run but you have to ride out the ups and downs.

You can purchase CD's, and bonds. These are less risky but provide you lower ROI.

[LordTrychon]

I am no expert but you might want to look into Gold, Foreign Currency, and foreign stock markets.

The Dollars is very weak right now so there are opportunities there. Gold is just skyrocketing so thats never a bad choice.

I guess what it boils down to is risk. How much risk do you want to take. The stockmarket is risky but traditionally has bigger ROI in the long run but you have to ride out the ups and downs.

You can purchase CD's, and bonds. These are less risky but provide you lower ROI.

I've never understood the Gold investments or currency investments... Foreign stocks is an interesting point.

I'm probably looking for something along the lines of bonds... but I don't know what sort or any of that. Probably lower risk, but I wouldn't mind it being medium-riskish... does that even exist?

Thanks for the input.

[ApaOps5]

I've never understood the Gold investments or currency investments... Foreign stocks is an interesting point.

I'm probably looking for something along the lines of bonds... but I don't know what sort or any of that. Probably lower risk, but I wouldn't mind it being medium-riskish... does that even exist?

Thanks for the input.

Well there isn't a product that is medium-risk per se. But you can create a medium risk portfolio. Meaning you have a mix of high risk and low risk investments.

[LordTrychon]

Well there isn't a product that is medium-risk per se. But you can create a medium risk portfolio. Meaning you have a mix of high risk and low risk investments.

Safe but exciting!


:thumb:

[ApaOps5]

Safe but exciting!


:thumb:

Honestly since I am only 29 I have my 401K in all high risk stocks. Yeah If I track it everyday I would have a heart attack but last year my portfolio increased 18%.

As I get older I will transition from high risk to lower risk. An old timer out at the airport gave me a bunch of tips based on what he has done.

[LordTrychon]

Honestly since I am only 29 I have my 401K in all high risk stocks. Yeah If I track it everyday I would have a heart attack but last year my portfolio increased 18%.

As I get older I will transition from high risk to lower risk. An old timer out at the airport gave me a bunch of tips based on what he has done.

Interesting perspective. It would probably be hard not to track it closely at first.

I'll have to think about that. 18% is pretty damn good!

[Bronco_Armada]

Invest in oil



I was reading the news paper some people have done that already. One guy in the area bought $25,000worth of gas.

must be nice.

Then when gas goes up to 8 bucks he will turn that 25 to 50

[LordTrychon]

Honestly since I am only 29 I have my 401K in all high risk stocks. Yeah If I track it everyday I would have a heart attack but last year my portfolio increased 18%.

As I get older I will transition from high risk to lower risk. An old timer out at the airport gave me a bunch of tips based on what he has done.

Hey... A P A Ops... when you're invested in high risk stocks, does talk of a recession scare you at all?

[LordTrychon]

Invest in oil



I was reading the news paper some people have done that already. One guy in the area bought $25,000worth of gas.

must be nice.

Then when gas goes up to 8 bucks he will turn that 25 to 50

That's pretty funny.



Good idea, but not what I'm looking for right now. lol.

[BroncFanIN]

The Stock Market (DOW specifically) is just a trading platform for the largest companies in the US: McDonalds, GM, GE...etc.

If you want some really good investment advise, I can think of 2 things:
Go get Dave Ramsey's book: The total Money Makeover.
This book basically shows you how to get out of debt, stay out of debt, and invest lots and lots of money...and where to invest it.
Mostly he suggests ROTH IRA's and mutual funds.I am pretty sure they are tax deferred.

Also, any book in the "Dummy" series are good. I have " Mutual Funds for dummys." A lot of Mutual funds you can invest in, starting around 1,000 bucks.

Dave Ramseys book also talks about putting your money into short term CD's, and which mutual funds give dividends.

https://www.daveramsey.com

I currently have a 401k through work. My investments are about 85% high risk, 15% low risk. I've lost some in the past 6 months, but overall I've done well.

[LordTrychon]

The Stock Market (DOW specifically) is just a trading platform for the largest companies in the US: McDonalds, GM, GE...etc.

If you want some really good investment advise, I can think of 2 things:
Go get Dave Ramsey's book: The total Money Makeover.
This book basically shows you how to get out of debt, stay out of debt, and invest lots and lots of money...and where to invest it.
Mostly he suggests ROTH IRA's and mutual funds.I am pretty sure they are tax deferred.

Also, any book in the "Dummy" series are good. I have " Mutual Funds for dummys." A lot of Mutual funds you can invest in, starting around 1,000 bucks.

Dave Ramseys book also talks about putting your money into short term CD's, and which mutual funds give dividends.

https://www.daveramsey.com

I currently have a 401k through work. My investments are about 85% high risk, 15% low risk. I've lost some in the past 6 months, but overall I've done well.

So avoiding P&R... same question I asked A P A...

Does the high risk stuff scare you with the talk of possible recession?

[BroncFanIN]

So avoiding P&R... same question I asked A P A...

Does the high risk stuff scare you with the talk of possible recession?

not really. Investment is long term...and the longer you hang onto a stock, the more you will get for it in the end.

Traditionally, investments like mutual funds tend to perform well, regardless of what the economy is doing.

The US economy is very sound. It may hicc-up, but should recover. Investing is actually good for the economy.

[LordTrychon]

not really. Investment is long term...and the longer you hang onto a stock, the more you will get for it in the end.

Traditionally, investments like mutual funds tend to perform well, regardless of what the economy is doing.

The US economy is very sound. It may hicc-up, but should recover. Investing is actually good for the economy.

Right... I was just curious if it would make you think about switching to a more conservative fund during the short haul.

[BroncFanIN]

Right... I was just curious if it would make you think about switching to a more conservative fund during the short haul.

It might be a good idea to start small and conservative until you feel more comfortable with investing.

I'd start cruising all of those investment sites you see on TV all the time, and start listening to the Dave Ramsey show. It will at least get your toes wet in investing.

You can also talk to your local bank about CDs and Money Markets-short term investments. Just do your research and make sure they wont charge loads on the investment. If they do, just find a good online company and invest that way.

Money Markets will get a good return on investment in the short term. A lot of times you can deposit money in the Money Market fund...kind of like a savings account on steroids.