The Investment Thread (help with savings, stocks, retirement funds, etc.)

[ryguy469]

Originally Posted by smokew11

invest in maple syrup futures!

this is sound investment advice.

Are any of the Canadian NHL teams publicly traded? If so, buy big into that as well.

[Tiduwho]

Kraft up 33% on their deal with Heinz today. Yowza.

[aclark0622]

Originally Posted by YouNeverKnow25

--How ya doin' there, Money Guy 1? How are ya, Money Guy 2?
--Good to see ya again, Alpine. If these numbers are right, this looks pretty sweet.
--Oh, those numbers are right, all right. Believe me.
--This is doable.
--Congratulations, Alpine.
--Yah, thanks, Money Guy 1, it's a pretty--
--What kind of finder's fee were you looking for?
--Huh?
--The financials are pretty thorough, so the only thing we don't know is your fee.
--My fee? Money Guy 2, what the heck're you talkin' about?
--Money Guy 1 and I're okay.
--Yah.
--We're good to loan in.
--Yah.
--But we never talked about your fee for bringin' it to us.
--No, but, Money Guy 1, see, I was bringin' you this deal for you to loan me the money to put in. It's my deal here, see?
--Alpine, we thought you were bringin' us an investment.
--Yah, right.
--You're sayin'... What're you sayin'?
--You're sayin' that we put in all the money and you collect when it pays off?
[Money Guy 1 and Money Guy 2 laugh]
--No, no. I- I 'd, pay you back the principal, and interest. Heck, I'd go one over prime?
--We're not a bank, Alpine.
--What the heck, Alpine, if I wanted bank interest on seven hundred fifty thousand I'd go to Midwest Federal. Talk to Bill Diehl.
--He's at Norstar.
--He's at..
--No, see, I don't need a finder's fee, I need a... finder's fee's, what, ten percent? Heck, that's not gonna do it for me. I need the principal!
--Alpine, we're not just going to give you seven hundred and fifty thousand dollars!
--What the heck were you thinkin'? Heck, if I'm only gettin' bank interest, I'd look for complete security. Heck, FDIC. I don't see nothin' like that here.
--Yah, but I... Okay, I would, I'd guarantee ya your money back.
--I'm not talkin' about your damn word, Alpine! Geez, what the heck're you--
--We’re not a bank, Alpine.
--Well, look, I don't want to cut you out of the loop, but this here's a good deal. I assume, if you're not interested, you won't mind if we move on it. Independently.

Just watched that scene.

[AJF_41]

ISO: a fairly large bonus cheque

[dpresti]

You guys getting a refund check this tax season? or writing a check?

[smokew11]

got a refund check. split it between a mutual fund we're using to save for a new house, our roths, and a 529

[UCFish]

Refund...did not mean too.

[UCFish]

USO came back into profit so I took half out and going to use that to do my Roth IRA.

Still leaving 5K in the USO ETF.

[RiotAct]

any thoughts on Voya Financial? I've been watching my money grow slowly but steadily since late 2009, did a cursory check and my Rate of Return so far this year is 3.4% which seems to be beating the DJIA YTD (I know that my retirement plan is more than just stocks and mutual funds).

[smokew11]

Originally Posted by RiotAct

any thoughts on Voya Financial? I've been watching my money grow slowly but steadily since late 2009, did a cursory check and my Rate of Return so far this year is 3.4% which seems to be beating the DJIA YTD (I know that my retirement plan is more than just stocks and mutual funds).

we're in the process of opening up life ins accounts with voya. I dont know much about them but I trust my financial advisor (famous last words, but hes a good friend of the family)

[unccrombie]

Originally Posted by smokew11

we're in the process of opening up life ins accounts with voya. I dont know much about them but I trust my financial advisor (famous last words, but hes a good friend of the family)

Originally Posted by RiotAct

any thoughts on Voya Financial? I've been watching my money grow slowly but steadily since late 2009, did a cursory check and my Rate of Return so far this year is 3.4% which seems to be beating the DJIA YTD (I know that my retirement plan is more than just stocks and mutual funds).

company uses voya.
life plans are good.
been averaging around 8-12% RoR

[UCFish]

Doing the Vanguard account mentioned in here a couple of times for my Roth IRA.

[ricky towel]

can someone help me with vanguard, I can't find the answer.

I know you can't contribute more than the 5000 something number per year.

and I know you need 3000 to start with for the roth ira.


but is there then a minimum you have to contribute to the account monthly or annually?

[AJF_41]

Originally Posted by ricky towel

can someone help me with vanguard, I can't find the answer.

I know you can't contribute more than the 5000 something number per year.

and I know you need 3000 to start with for the roth ira.


but is there then a minimum you have to contribute to the account monthly or annually?

it depends on what type of fund you are opening up
there are maximums for roth and iras

looks like 3k is the minimum to start an account at vanguard

[ricky towel]

Originally Posted by AJF_41

it depends on what type of fund you are opening up
there are maximums for roth and iras

looks like 3k is the minimum to start an account at vanguard

Right, but I'm asking about minimum monthly or annually, not to start up.

[ricky towel]

Originally Posted by ricky towel

Right, but I'm asking about minimum monthly or annually, not to start up.

or maybe there is different kinds of roth ira funds with different minimum?

[AJF_41]

Originally Posted by ricky towel

Right, but I'm asking about minimum monthly or annually, not to start up.

are you talking about monthly or annual contributions?

[scrock25]

Adam, what on earth are you doing dude?

[AJF_41]

i was trying to assist ricky towel, but to no avail

[rustysurf83]

Have skin cancer, probably going to liquidate retirement funds for in-ground pool and tennis court because...fuck it.

[jiggajm18]

Originally Posted by ricky towel

or maybe there is different kinds of roth ira funds with different minimum?

they cant have a minimum deposit because you arent guaranteed to be eligible to contribute every year....

[gravedigger07]

I thought I wanted to do portfolio management when I graduated - this thread affirmed that I was wrong. My investment strategy has changed, and now I want to invest in small, middle-market companies. Any VC or PE guys out there?

[ricky towel]

Originally Posted by jiggajm18

they cant have a minimum deposit because you arent guaranteed to be eligible to contribute every year....

So you could open one, and then contribute a dollar a month if you wanted to.


It would be silly, but possible?

[YouNeverKnow25]

I think you should open one then take out a dollar a month

that monthly 12 ounce can of soda will taste much better knowing how hard you worked to save up for it

[Benny003]

There shouldn't be any required contributions at all after you've met the minimum to open the account. You should be able to just put $3000 in there and never add anything more to it again if you wanted.

[jiggajm18]

Originally Posted by Benny003

There shouldn't be any required contributions at all after you've met the minimum to open the account. You should be able to just put $3000 in there and never add anything more to it again if you wanted.

right. they cant force you to contribute, bc theres no way of guaranteeing you are always going to be legally eligible to contribute

[UCFish]

Think I am going to throw all of my savings/emergency fund which is in a Capital One 360 account currently into a Vanguard Total Stock Market account....I may be incorrect but it looks like it is totally liquid in case of a real emergency....Thoughts?

[jiggajm18]

i would not put an emergency fund into stocks. not under any circumstances whatsoever

[UCFish]

Any reason why?

Seems silly to make $200 on 30K over a year. I would rather let it try to actually make money and continue to grow.

[jiggajm18]

if its for emergencies, then you want a 100% guarantee that all of your money will be there if/when you need it. imagine if you had to tap your emergency fund in 2008, and it was invested in stocks.