Bran987

[DieselGunz]

I am investing 65,000 or so on Monday point me in the right direction o wise one



I know I am putting money away for my daughter everything else is free game




Thanx in advance!!!!!!!!

 

[bran987]

my head is spinning with advice. are you saying this money is for your daugther or you're just trying to grow it? is this $65,000 set aside for anything in particular except for your eventual retirement?

 

[DieselGunz]

I would say yes to both. I have that much to invest, i was thinking put about 20-30,000 towards my daughter then the rest to make money with.


of course the exact numbers are open to discussion

 

[radarstoy]

I would say yes to both. I have that much to invest, i was thinking put about 20-30,000 towards my daughter then the rest to make money with.


of course the exact numbers are open to discussion

20-30,000 that will pay about 3 years of college..good start

 

[DieselGunz]

yeah it is just a round about number maybe more maybe less. I just know by putting that money in the bank it does us no good, the interest rate is a joke

 

[manny78]

Google (GOOG)

and

Goldman Sachs (GS)

Both of these are winners. Google will reach 500. Bought it when it was way below 200 and folks were like oh but that aint going higher ........ lol

 

[DieselGunz]

thanx manny i will look into it

 

[gonelifting]

I'm all for investing but Monday is the day before the election and MAY be bad timing. Also, shouldn't you wait until you know exactly what you want to do before taking a plunge like that?


IMO 4 or 5 mutual funds. One international and the others in Vangaurd index of the rest of the US market. Reallocate once a year. Simple, you sleep at night, easy to keep track of, and it will beat 80% of the multimillionaire money managers out there.


It's not sexy.... but it IS when it turns into money. Money is sexy!

 

[DieselGunz]

Very good point about the election. When I say investing on Monday I mean I am going to meet my adviser, what happens from there is undecided. To be honest I am the type of guy just to invest in CDs and what not no real money to speak of besides some small things for life insurance/retirement.

This is a whole new world to me and i know some of you guys have money here and there so i thought I would shoot it out there

 

[jackangel]

be careful giving that advice, o young bran. especially to dieselgunz, he's practically family. and you know what they say about oats and horses...

wait, what the fuck am i talking about?

 

[DieselGunz]

lmao@@@@@@@@!!!!!!!!!!!!!

 

[mountain muscle]

Vice Fund.

 

[DieselGunz]

for the record i dropped 20,000 into the 529 plan for my daughter then they will be pulling money out of my check from now on.


The rest of the money i am not sure still wondering the right way to go, tho the mutual fund route does look promising

 

[gonelifting]

for the record i dropped 20,000 into the 529 plan for my daughter then they will be pulling money out of my check from now on.


The rest of the money i am not sure still wondering the right way to go, tho the mutual fund route does look promising

Please learn a little more about it before jumping in. A mutual fund is just a vehicle you can use to purchase stocks, bonds, whatever.

I hate to keep repeating this same statement, but I found this is a good resource for steady "safer" investing that is very solid over the years. "Bob brinker's Market timer" It's a newsletter that will explain a little of what you need. It is a great resource. GREAT.

They have a website. Go there and take a look. See what their returns have been over the years for low/medium and high risk mutual funds they offer. Good luck

www.Bobbrinker.com or something like that. Maybe 1 'b' instead of 2?