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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
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Old 12-22-2018, 10:45 PM   #2521
Great Expectations Great Expectations is offline
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Put $18,500 in every year with an equitable split between large cap/medium cap/small cap. In 8 years move into mostly the large/med cap. Taper off reguarly from there.
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Old 12-22-2018, 10:52 PM   #2522
TwistedChief TwistedChief is offline
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I'm not trying to turn into a day trader at all.
Yes, this is it. Don't focus on all of this nonsense. I've worked in this world for 16yrs and there's no one you should give a dime to thinking they have the ability to do better than average. A lot of mediocrity will try to convince you otherwise and a lot of FOMO will try to do the same.

It's good you're thinking about this when the market is struggling and not when everyone is patting themselves on the back during a bull market for their brilliant ability to trade stocks. (People will hate me for saying this but it's the reality.)
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Old 12-22-2018, 10:53 PM   #2523
DaFace DaFace is offline
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Yes, this is it. Don't focus on all of this nonsense. I've worked in this world for 16yrs and there's no one you should give a dime to thinking they have the ability to do better than average. A lot of mediocrity will try to convince you otherwise and a lot of FOMO will try to do the same.

It's good you're thinking about this when the market is struggling and not when everyone is patting themselves on the back during a bull market for their brilliant ability to trade stocks. (People will hate me for saying this but it's the reality.)
Meh. We boring investors are here too. It's just boring, so there's not near as much to talk about.

"OMG, THE STOCK MARKET IS CRASHING!!!" "Oh. Well, I guess I'll just...keep doing what I've been doing for years I suppose."
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Old 12-22-2018, 10:54 PM   #2524
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Originally Posted by 'Hamas' Jenkins View Post
Question:

I just got a job offer. Salary will start ~120 with a significant increase after about three years. Company offers an IRA that they match 50% of up to 5 percent of my salary (2.5% ). I'll have about 180k of student loan debt.

What resources do you recommend I look at, and how would you diversify?
Big proponent of indexing here. Sometimes ignoring all the noise out there and temptation to get richer faster takes discipline, a book like this one breaks down the approach and can help you stay the course.

https://smile.amazon.com/Bogleheads-...e+to+investing

This BB is also great support for personal investing that centers around index investing: [https://www.bogleheads.org/forum/viewforum.php?f=1]
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Old 12-22-2018, 11:01 PM   #2525
TwistedChief TwistedChief is offline
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Meh. We boring investors are here too. It's just boring, so there's not near as much to talk about.

"OMG, THE STOCK MARKET IS CRASHING!!!" "Oh. Well, I guess I'll just...keep doing what I've been doing for years I suppose."
Yeah, but man, there's a lot of mediocrity who are paid a lot of money and spend every single moment of every day trying to find opportunities in the market and cannot consistently do so. Are most prepared to invest their time and do the same? Probably not. And so, just being average is super acceptable.

I'm a portfolio manager at a hedge fund. I get it. There are 4 people in my world I know outside of myself that I would ever entrust money to, and I know thousands.
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Old 12-23-2018, 10:05 AM   #2526
ChiliConCarnage ChiliConCarnage is offline
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Meh. We boring investors are here too. It's just boring, so there's not near as much to talk about.
We get to put 6,000 into IRA's at the start of the year so I guess this was timed well at least? Straining for any upside

It looks like we have a really good shot to finish as the 2nd worst December in history. 1930 was down 7.x%. We're currently down 12.x% so we'd need quite a recovery in the last few days. 1931 was down 14.x% so it's actually within reach.

Pulling out a single month is a bit arbitrary but I think it's sort of amazing we're on pace to finish sandwiched between two years of the great depression.
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Old 12-23-2018, 10:28 AM   #2527
O.city O.city is offline
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Hamas, I’m no expert on this by any means but I was in a similar spot with loans and such.

I would recommend paying as much as you can towards the debt repayment as you can. Don’t forget about retirement obviously, but getting out from under that will help alot
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Old 12-23-2018, 10:41 AM   #2528
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by TwistedChief View Post
Yeah, but man, there's a lot of mediocrity who are paid a lot of money and spend every single moment of every day trying to find opportunities in the market and cannot consistently do so. Are most prepared to invest their time and do the same? Probably not. And so, just being average is super acceptable.

I'm a portfolio manager at a hedge fund. I get it. There are 4 people in my world I know outside of myself that I would ever entrust money to, and I know thousands.
Well then

How about a list of 5 stocks to invest in this January.
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Old 12-23-2018, 10:58 AM   #2529
TwistedChief TwistedChief is offline
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Well then

How about a list of 5 stocks to invest in this January.
I don’t trade stocks - sorry.
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Old 12-23-2018, 10:59 AM   #2530
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Hamas, I’m no expert on this by any means but I was in a similar spot with loans and such.

I would recommend paying as much as you can towards the debt repayment as you can. Don’t forget about retirement obviously, but getting out from under that will help alot
Agreed.
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Old 12-23-2018, 11:02 AM   #2531
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Agreed.
Yeah, do what you need to do to get the company match, but beyond that, debt reduction is your main priority for the near term.
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Old 12-23-2018, 11:26 AM   #2532
ChiliConCarnage ChiliConCarnage is offline
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Agreed.
I hate debt; It feels like a huge weight youre under and stresses me a bit. From a strict numbers perspective it probably depends on the rates on your loans.

Either way, congrats. It's a lot of money to pay back but seems to have provided you with a great career.
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Old 12-23-2018, 11:29 AM   #2533
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Those fed loans are a real pain in the ass at 7.2 percent.

I went them a private bank and re did them once I had my office paid for and got the rate a lot lower.
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Old 12-23-2018, 02:13 PM   #2534
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Hamas, I’m no expert on this by any means but I was in a similar spot with loans and such.

I would recommend paying as much as you can towards the debt repayment as you can. Don’t forget about retirement obviously, but getting out from under that will help alot
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Originally Posted by DaFace View Post
Yeah, do what you need to do to get the company match, but beyond that, debt reduction is your main priority for the near term.
Congrats Hamas by the way.

And this is basically it. Don't pass up any free money so do the minimum contribution to get all the free money, so 5%.

After that, tackle debt. If you have any credit card debt, I'd start there. After that, work on the student loans and possibly refinancing them to a lower rate if you're able (not sure what you're paying).

I had $60k debt after my schooling so I only contributed 4-6% to my 401k (to get the entire free match) until I paid off my student loans last year. Now I do 12% to my 401k and it's barely noticeable out of my take-home with the loans now gone, even leaving money left over to contribute to a ROTH IRA each month.

Hopefully your employer offers cost effective index funds for your retirement plan. I am invested in only Index funds alone in my 401k (Large, small and foreign). Many companies finally offer low cost index funds, but there are still some hold-overs of employers who offer expensive and less than ideal retirement funds. Let us know your choices when you get that info.
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Old 12-24-2018, 12:31 PM   #2535
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Ugh. Definitely a Bear market.

I feel bad for the folks who are about to be retiring. Thank god my father retired just in time.
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