Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[MahiMike]

Originally Posted by Rain Man

I find casino games kind of interesting from a mathematical perspective, but I don't like to actually gamble money. I've stayed in casino hotels twice in the past year on various travels, but never gambled. I just used them as hotels.

Went to Hard Rock Cafe in Tampa last week. Was shocked to hear folks paying $500 a night for a room. We stayed in beautiful clearwater beach on the water for 1/3rd of that.

Seeing the people in the casino was so depressing. They all looked like they were blue collar smokers spending their disability checks.

I went to play in a poker tournament for a very specific amount of money. Actually cashed so it was a lot of fun for 4 hours.

[Demonpenz]

I am looking to park cash. I already have money in vanguard from a previous employer. Do I need to move it around? Do I need to sign up again once for employee retirement one for parking?

[DaKCMan AP]

Originally Posted by MahiMike

Went to Hard Rock Cafe in Tampa last week. Was shocked to hear folks paying $500 a night for a room. We stayed in beautiful clearwater beach on the water for 1/3rd of that.

Seeing the people in the casino was so depressing. They all looked like they were blue collar smokers spending their disability checks.

I went to play in a poker tournament for a very specific amount of money. Actually cashed so it was a lot of fun for 4 hours.

That place is terrible, I can't breathe in there and never go. I've only been a few times years ago, but if you want to play poker check out Derby Lane right off the Gandy Bridge on the St. Pete/Clearwater side. Much closer to where you are staying.

[DaKCMan AP]

Originally Posted by Demonpenz

I am looking to park cash. I already have money in vanguard from a previous employer. Do I need to move it around? Do I need to sign up again once for employee retirement one for parking?

You would have to add a taxable investment account to your existing account at vanguard/fidelity/wherever.

[Demonpenz]

Originally Posted by DaKCMan AP

You would have to add a taxable investment account to your existing account at vanguard/fidelity/wherever.

thanks

[DaFace]

Originally Posted by RunKC

Any helpful links? I'm looking into this

Originally Posted by lewdog

https://investor.vanguard.com/ira/roth-ira?lang=en



List of funds. You won't find expense ratios much cheaper anywhere else.

https://investor.vanguard.com/mutual...th-end-returns

To add to this, I'm a big fan of starting with a three-fund "lazy portfolio" if you're just starting out but want a little more control than a target-date fund.

https://www.bogleheads.org/wiki/Three-fund_portfolio

[Fairplay]

Originally Posted by O.city

I have a strict don't take money into a casino that you can't afford to lose policy.

I always lock my debit card and credit card in the room safe so as not to be tempted.

That is a good idea, but I'm more like Rain Man where I don't gamble but use the hotel to sight see or go to shows and the like.

[Buehler445]

Originally Posted by Demonpenz

I am looking to park cash. I already have money in vanguard from a previous employer. Do I need to move it around? Do I need to sign up again once for employee retirement one for parking?

Dakcman is right. Don't park it in a retirement account. You'll get destroyed when you take it out. Mason jar would be better than a retirement account if you plan to get it out.

Keep some cash in the bank though for incaseshit money. While investment accounts are pretty liquid it does take a little time. Plus if you pull some out a couple times a year because your refrigerator died or you need tires or whatever you'll have to pay tax on the gain and do all the bullshit on the tax return for short and long term gain splits and all that bullshit for a grand or whateever may take some shine off your gains. Especially if you are doing your own taxes now and have to hire a professional for a few bucks of cap gain.

Bottom line: keep some cash in the bank.

What a lot of people did before the interest rate went to LOL is have 12 12 month CDs that mature each month. That way you've always got a little money available each month and if shit gets hairy the bank will loan you money against the CDs. Probably not a good idea until interest rates come off the ground some.

[Demonpenz]

Which one of these things do I need to sign up for?

[Demonpenz]

I signed up for individuals but I don't see index funds.

[Demonpenz]

It said I needed 3000 to buy a mutual fund is that right? Maybe in a year. Also so I just pick likeIntermediate-Term Bond Index Admiral Shares and start buying that?

[DaKCMan AP]

Originally Posted by Demonpenz

It said I needed 3000 to buy a mutual fund is that right? Maybe in a year. Also so I just pick likeIntermediate-Term Bond Index Admiral Shares and start buying that?

Individual is correct. Most (all?) mutual funds, including index funds, require minimum investment amounts usually starting around $2500.

If you can't do that and just want to park money elsewhere than a brick and mortar bank paying 0.05% interest look into an online savings account. Ally bank currently pays 1.15%, Synchrony pays 1.20%, some others are up to 1.30%.

[Demonpenz]

Originally Posted by DaKCMan AP

Individual is correct. Most (all?) mutual funds, including index funds, require minimum investment amounts usually starting around $2500.

If you can't do that and just want to park money elsewhere than a brick and mortar bank paying 0.05% interest look into an online savings account. Ally bank currently pays 1.15%, Synchrony pays 1.20%, some others are up to 1.30%.

Synchrony's call center is in KC tht is cool. 2500 is what I need to shoot for a guess. I was looking for a Cutless so me and TheVirus could go look for some big titties and fat asses but that will have to wait.

[Chief Pote]

Originally Posted by Hog Farmer

I believe it's to open at .0007 throwing $880 at it

If it goes to 10 cent I'll have $125,000

HooRah !

If it goes to $1 I'll have $1,250,000

And a large boat.

I hope you bailed on that one.

https://finance.yahoo.com/quote/PNOW?p=PNOW

= 628.57 loss

[ChiliConCarnage]

Originally Posted by Demonpenz

It said I needed 3000 to buy a mutual fund is that right? Maybe in a year. Also so I just pick likeIntermediate-Term Bond Index Admiral Shares and start buying that?

Buy the ETF equivalent

https://personal.vanguard.com/us/fun...FundIntExt=INT

That link is vbiix. Underneath the fund name, Vanguard Intermediate.., you'll see hyperlinks to the admiral share class and the ETF. The Admiral shares have lower expense ratios but cost even more to get into (10k in this case). The ETF is a stock version. They typically have the same ER as the Admiral shares and the minimum is whatever 1 share costs to buy. In this case 80 something bucks.

Both the ETF and the mutual fund hold the same underlying assets. You can start with the ETFs and shift into mutual funds once you have the minimums. Once your comfortable buying ETF as stock there aren't many reasons to purchase mutual funds though. They're pretty inferior unless you want automated investing on deposits every two weeks