Posted:
#26
Quote Originally Posted by Skipbone:
KC-CLEVE under 8
KC-CLEVE under 8
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Need investment/financial advice
Posted:
#28
OP,
Having worked in the investment business for several years, my first advice for you would be...do not listen to everything you hear and set up a meeting with a professional. I cannot tell you how many times a client has come in and wanted to buy the "hot stock" that a co-worker recommends, I always recommend against this and I always get thanked later.
Like anything else, you will here a lot of different advice in regards to investments and it is sometimes hard to differeniate one from the other. Your best option would be to meet with a professional who understands your needs and can recommend something for you, not just something general (it is against securities laws to give investment advice over the internet).
You will hear the term diversification a lot and people will recommend financials, energy, consumer staples, etc. Diversification is a lot more than that; it could mean diversfiying your investments from retirement accounts (tax free), investment accounts (taxable), real estate holdings, gold/minerals, etc. Also, you can diversify within an industry, for example - energy - you can have companies that sell gas retail to consumers; companies that drill for the oil; companies that refine the oil into gas; companies that explore for oil, etc.
It sounds like you are ahead of the curve at your age and you should speak with someone to develop a strategy for your future.
Have a look into ETFs (exchange traded funds) also, they are similar to mutual funds and have lower expenses (you will be paying around 2% per year in a mutual fund depending on the share class (A, B, C)). Also be careful of someone trying to sell you an annuity...they can be suitable in some cases but many people try to push (sell) them to benefit themselves (high commissions and low follow up work).
Good luck!
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Posted:
#32
Folks are right. The first thing you should do EVERY year is invest the max into a roth IRA (there are income restrictions, but you need to be over 6 figures to be affected). The money you earn on that is NOT taxable.....it's ALL yours when you are eligible to withdrawl it. That's as good a deal as it gets.
Just an example. If you are 30, you may have 35-40 years to invest in a roth. That's $175K or so just in PRINCIPLE. Then let's say it doubles every 8-10 years. Well, you get the idea. It's big time.
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Posted:
#38
Roth IRA - you pay tax on this money now and when you withdrawal it (eligible after 59 1/2 - certain requirements will allow you to withdrawal sooner without penalty) it is tax free. You can invest this in individual stocks, bonds, mutual funds, etfs, etc. You can put up to $5k per year away, more if your over 50.
Standard IRA - you get a tax deduction right away for any money you put away, but you have to pay taxes when you withdraw these funds.
Generally speaking, if you are in a low tax bracket now, you are better off having a roth IRA and paying low taxes on this money now, rather than waiting for the uncertainty of the tax rates in the future.
Note: if you intend to use this money to buy a house, car, etc in the future, then you do not want to put it into a retirement account, as there are stiff financial penalties for withdrawing these funds prior to retirement (59.5).
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Posted:
#41
Quote Originally Posted by ogmike:
Hey, my finance professors as well as my bro, who I feel knows his shit, told me to take risks when you're young. I agree 100%. I'm also 28 yrs old, and take home about the same as you each month. I've played it safe and diversified in a lot of blue chip, high dividend stocks. I pretty much diversified myself out of any real substantial gains. I took most of my savings and dumped it into one company who I feel has a great long term outlook. I don't need the money right now, so I won't cry if I lose most of it. No debt, no house, no family, so I'm taking as much risk now as I can. Don't play it safe in a mutual fund if you can stomach losing 10 grand here or there. I would take more risk at our age if I were you. GL.
It absolutely blow's my mind that the air of optimism hasn't been sucked out of the collective. people just assume that we will get back to the good old days of rolling over six credit card balances to each other at 0% and buy a house and flip it, or be priced out FOREVER.
welcome to 2010, sell now or be priced in forever
what the fuck, doesn't anyone look out their window anymore?
fool me once, shame on you. fool me twice, thank you sir may i have another
. i'm just so glad we won't have to hear the majority crying foul that somehow someway someone cheated them out of what was theirs ( parabolic returns on invested capital with literally no work put in, let alone any understanding of the machinations of the system(s) you participate in) because this state controlled sham ends in melt up not down 
i'd laugh if i thought the people saying speculate on used houses was good investment advice now, but, it's really not that funny
my advice is find your own path. imo it's absurd to pay someone else to figure out how to 'invest' your money
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Posted:
#42
Get a broker and when the 10 yr note futures get to 2.50 percent start selling bonds start with a 10 lot..you ll make 3,150 every 10 ticks the bonds go in your favor, there is no liquidity in the market so i would wait until after labor day when all the europeans get back from the south of france and the rich person get home from there vacations spots, employment numbers should get better in sept and october, cause its all rigged and the government will want to show better numbers with elections coming up in novembers..just hold on to your futures until they hit about 3.50 percent witch should happen in early october..your profit will be around 65,000 just send me an email thanking me, best of luck...
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Posted:
#44
Quote Originally Posted by RemiMartin:
Get a broker and when the 10 yr note futures get to 2.50 percent start selling bonds start with a 10 lot..you ll make 3,150 every 10 ticks the bonds go in your favor, there is no liquidity in the market so i would wait until after labor day when all the europeans get back from the south of france and the rich person get home from there vacations spots, employment numbers should get better in sept and october, cause its all rigged and the government will want to show better numbers with elections coming up in novembers..just hold on to your futures until they hit about 3.50 percent witch should happen in early october..your profit will be around 65,000 just send me an email thanking me, best of luck...
10 yr T's @ 3.50 in early Oct?
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Posted:
#47
NLY pays a very nice 15-16% dividend, and it's said to be one of the safest dividends in the stock market, many pro's invested in it.
I'd be very careful going to professionals, they are know to guide you to investments that earn them high commisions and your the one paying it, you don't need to pay loads to invest.
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Posted:
#48
Remi,
How much margin are you going to need to short the 10 year and are you factoring in interest owed (when you short you PAY the interest).
And what retail guy can short the T-Note?
If rates go from 2.5 to 3.5 that would be quite expensive for people holding those instruments, what makes you think that is even remotely possible?
How much margin are you going to need to short the 10 year and are you factoring in interest owed (when you short you PAY the interest).
And what retail guy can short the T-Note?
If rates go from 2.5 to 3.5 that would be quite expensive for people holding those instruments, what makes you think that is even remotely possible?
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Posted:
#49
Quote Originally Posted by theclaw:
NLY pays a very nice 15-16% dividend, and it's said to be one of the safest dividends in the stock market, many pro's invested in it.
I'd be very careful going to professionals, they are know to guide you to investments that earn them high commisions and your the one paying it, you don't need to pay loads to invest.
yikes
A REIT paying out 2 times their current cash balance..look at the value of their long term investments
link
They invest in CMO's, CDO's, MBS, yet their long term investments value has actually gone UP during the time where values of mortgages and these "investmetns" are going down..
Me thinks their balance sheet is a fibberoski..
They are also leveraged 5 times to their market cap, and if you look at their long term investments vs their long and short term liabilities they are completely leveraged vs assets..meaning their equity is pretty much zero in relation to their investments.
Pretty dicey to say the least..
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Posted:
#50
Quote Originally Posted by be easy:
10 yr T's @ 3.50 in early Oct?
10 yr T's @ 3.50 in early Oct?
Hit the low of the year at 2.50% on wednesday..Today Friday its at 2.67% never going below 2.48% that 10 lot is worth 23,550 dollars right now...Keep laughing cause im laughing all the way to the bank sucker..Thats how you buy low and sell high
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