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Old 07-18-2013, 03:43 PM   #1
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The Investment Thread (help with savings, stocks, retirement funds, etc.)

Inspired by the credit thread, I figured we could pool our knowledge and advice about investment products here.

Personally, I'd like to know the best way to go about a savings account. I'm not talking about low yield run of the mill savings accounts. Where can I store money for roughly a 3% guaranteed return in about 5-10 years without an early withdrawal penalty? Essentially saving for larger purchases such as housing down payments, beds, cars, etc.
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  • Old 07-18-2013, 03:44 PM   #2
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    If you can find 3% savings guaranteed, please let me know
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    Old 07-18-2013, 03:46 PM   #3
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    muni bonds!
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    Old 07-18-2013, 03:51 PM   #4
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Buy an annuity!

    edit: oh, hey adam. weird seeing you here.
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    Wow guys, I wasn't at this show, but just listened to your Halloween. Damn, raw AF! I bet it was incredible live, Timmys outro was bad-ass!!!! Gotta listen to the rest of this show, setlist is on point.
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    Old 07-18-2013, 03:53 PM   #5
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    I think I read somewhere that like - 70% of Americans are living pay check to pay check. That gives me hope and makes me feel better about the money I am saving, but I still know Im not doing enough. Basically Im putting 3% of my paycheck into a 401k, I do have a mutual fund my dad set up for me years and years ago, and I have a bit of a "rainy day fund" too. I wish I was doing better tho.
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    Old 07-18-2013, 03:57 PM   #6
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    I think I read somewhere that like - 70% of Americans are living pay check to pay check. That gives me hope and makes me feel better about the money I am saving, but I still know Im not doing enough. Basically Im putting 3% of my paycheck into a 401k, I do have a mutual fund my dad set up for me years and years ago, and I have a bit of a "rainy day fund" too. I wish I was doing better tho.
    how is that mutual fund holding up return wise? i've been looking at the general idea of them.
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    Old 07-18-2013, 04:00 PM   #7
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    You do realize that mutual fund is a very broad term?

    It's like saying I'm going to buy a car.

    Check out KLGIX, it's managed by an ant.
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    Originally Posted by ewingjb View Post
    Wow guys, I wasn't at this show, but just listened to your Halloween. Damn, raw AF! I bet it was incredible live, Timmys outro was bad-ass!!!! Gotta listen to the rest of this show, setlist is on point.
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    Old 07-18-2013, 04:01 PM   #8
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by unccrombie View Post
    how is that mutual fund holding up return wise? i've been looking at the general idea of them.

    I wish I could give you more detail on it, but I dont pay a ton of attention to it. I couldnt really give you numbers or percentages. I just know it took a hit with the economy crash, but is slowly bouncing back.
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    Old 07-18-2013, 04:03 PM   #9
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    You do realize that mutual fund is a very broad term?

    It's like saying I'm going to buy a car.

    Check out KLGIX, it's managed by an ant.
    No I dont
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    Old 07-18-2013, 04:04 PM   #10
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    You do realize that mutual fund is a very broad term?

    It's like saying I'm going to buy a car.

    Check out KLGIX, it's managed by an ant.
    yeah, i know the types and such. hence why i asked
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    Old 07-18-2013, 04:04 PM   #11
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    You do realize that mutual fund is a very broad term?

    It's like saying I'm going to buy a car.

    Check out KLGIX, it's managed by an ant.
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    Old 07-18-2013, 04:10 PM   #12
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by unccrombie View Post
    yeah, i know the types and such. hence why i asked
    You're probably better off looking at ETF's, you'll understand the return better and it will be cheaper to own. Or not investing at all.
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    Wow guys, I wasn't at this show, but just listened to your Halloween. Damn, raw AF! I bet it was incredible live, Timmys outro was bad-ass!!!! Gotta listen to the rest of this show, setlist is on point.
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    Old 07-18-2013, 04:12 PM   #13
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    The best savings tool I have is my ESPP. Every six months, we get to purchase company stock at a 15% discount of the stock price of the first day or last day of the period, whichever is low. I put 10% of my post-tax pay into that. When I sell right away it nets me a minimum of a 115% return. I sold the stock from the first half of 2013 earlier today at a 165% return. Not bad for less than seven months.

    After selling, I usually split the money between a Roth, mutual funds and student loans. The next year and a half will include wedding fund though.
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    Old 07-18-2013, 04:14 PM   #14
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Be sure that you have 20% down and $50k liquid cash or else you can't afford it.

    Er.... sorry, wrong thread.
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    Old 07-18-2013, 04:16 PM   #15
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    Be sure that you have 20% down and $50k liquid cash or else you can't afford it.

    Er.... sorry, wrong thread.
    does velveeta liquid gold count?
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    Old 07-18-2013, 04:19 PM   #16
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    The best savings tool I have is my ESPP. Every six months, we get to purchase company stock at a 15% discount of the stock price of the first day or last day of the period, whichever is low. I put 10% of my post-tax pay into that. When I sell right away it nets me a minimum of a 115% return. I sold the stock from the first half of 2013 earlier today at a 165% return. Not bad for less than seven months.

    After selling, I usually split the money between a Roth, mutual funds and student loans. The next year and a half will include wedding fund though.
    what company do you work for?
    i think you mean minimum 15% return...not 115% return..
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    Old 07-18-2013, 04:24 PM   #17
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    ESPP plans are not as good as advertised... usually.

    The 15% discount is taxed as ordinary income and the purchase date for employees usually coincides with the equity bonus dates for the exectuives which often seems to go with a bump in the stock price.
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    Quote:
    Originally Posted by ewingjb View Post
    Wow guys, I wasn't at this show, but just listened to your Halloween. Damn, raw AF! I bet it was incredible live, Timmys outro was bad-ass!!!! Gotta listen to the rest of this show, setlist is on point.
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    Old 07-18-2013, 04:26 PM   #18
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    ESPP plans are not as good as advertised... usually.

    The 15% discount is taxed as ordinary income and the purchase date for employees usually coincides with the equity bonus dates for the exectuives which often seems to go with a bump in the stock price.
    i know ours is quarterly
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    Old 07-18-2013, 04:28 PM   #19
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by AJF_41 View Post
    what company do you work for?
    i think you mean minimum 15% return...not 115% return..
    Optum.

    And yeah, 15% return. When I sell it's at 115% what I paid.

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    ESPP plans are not as good as advertised... usually.

    The 15% discount is taxed as ordinary income and the purchase date for employees usually coincides with the equity bonus dates for the exectuives which often seems to go with a bump in the stock price.
    Even taxed as ordinary income, I get a guaranteed six-month return that is much higher than I can get elsewhere.
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    Old 07-18-2013, 04:35 PM   #20
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    You do realize that mutual fund is a very broad term?

    It's like saying I'm going to buy a car.

    Check out KLGIX, it's managed by an ant.

    Not just any car. It's John Voight's car.
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    Old 07-18-2013, 04:36 PM   #21
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    Not just any car. It's John Voight's car.
    The periodontist?
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    Old 07-18-2013, 04:38 PM   #22
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    Even taxed as ordinary income, I get a guaranteed six-month return that is much higher than I can get elsewhere.
    This is not a promising post.
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    Quote:
    Originally Posted by ewingjb View Post
    Wow guys, I wasn't at this show, but just listened to your Halloween. Damn, raw AF! I bet it was incredible live, Timmys outro was bad-ass!!!! Gotta listen to the rest of this show, setlist is on point.
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    Old 07-18-2013, 04:39 PM   #23
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    This is not a promising post.
    either was this...because it's impossible.



    Quote:
    Originally Posted by UNC41 View Post

    When I sell it's at 115% what I paid.

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    Old 07-18-2013, 04:40 PM   #24
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    everybody's talking at me...i can't hear a word they're saying
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    Old 07-18-2013, 04:40 PM   #25
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Basically by that logic if I buy a stock for $50 and sell it for $50 I've made 100%

    woooooo!!

    drinks on me tonight!
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    Quote:
    Originally Posted by ewingjb View Post
    Wow guys, I wasn't at this show, but just listened to your Halloween. Damn, raw AF! I bet it was incredible live, Timmys outro was bad-ass!!!! Gotta listen to the rest of this show, setlist is on point.
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    Old 07-18-2013, 04:45 PM   #26
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    my wife and i just each opened up IRA's about 4 months ago. only putting in $125/month each right now, but its a start. Im almost 30 and she's 27, I wish we did this 5 years ago

    7% of my paycheck goes toward PSERs and my company matched it 2 yrs ago, it went to 12% last year and this year the contribution is 16%
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    Old 07-18-2013, 04:46 PM   #27
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    my wife and i just each opened up IRA's about 4 months ago. only putting in $125/month each right now, but its a start. Im almost 30 and she's 27, I wish we did this 5 years ago
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    Old 07-18-2013, 04:57 PM   #28
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    with an initial $1500 to open the account and an 8% return rate, over 20 years, it comes out to about $100k each. I'll be 50 then, I don't plan on using it til 65 or so. I didn't calculate it out that far but I assume it'll probably be well over $300k each, which should (hopefully) be plenty to go along with our pensions
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    Old 07-18-2013, 05:17 PM   #29
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Rebecca De Mornay View Post
    This is not a promising post.
    If the stock is $45 on 1/1 and $35 on 6/31 then I get to purchase it at $29.75 and can sell immediately. The 115% may have been wrong, but I have yet to find a short-term investment with the combination of liquidity and risk (I can cash out what I'm putting away at any time with zero penalty) that offers a minimum 15% pre-tax return. Can you point me toward one?
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    Old 07-18-2013, 05:23 PM   #30
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    i think they were just busting on you for the 115% remark. that aside, it sounds like you have a pretty good deal going. is there a limit to how much you can purchase? If not you should start throw fat stacks at it
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