Stocks (making my money work for me)

**usmccharles** · 06-18-2018, 02:01 PM

Originally Posted by JAB1985

I thought we had a thread for investments before and talked about starting out, but im not seeing it. Buried in the shit maybe?

http://www.fxf1.com/english-books/Th...N%20GRAHAM.pdf

I think I started it awhile back

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**Jsmoove** · 06-18-2018, 02:06 PM

Originally Posted by usmccharles

YouTube is a Great resource

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I've been watching videos and listening to some books on and off on there since monday, still though it's whole bunch of different advice from a whole bunch of different people.

**wickedsolo** · 06-18-2018, 02:08 PM

I think Sugar is a financial advisor, isn't he? He might have some good insights.

I too have been talking/shoipping around for financial advisors. Being a vet, I've been thinking about going with USAA or something.

**Jsmoove** · 06-18-2018, 02:08 PM

Originally Posted by frankpembleton

Get a Vanguard account. Invest in VTSAX, which is an index fund that approximates the S&P 500. Dollar cost average so you are putting in a little every month rather than a lump sum at one time. If you do that and stick with it, you'll be very happy with the results if recorded history is any indication.

Investing in single stocks is just gambling. No one can beat the S&P 500 with regularity (without some pretty sophisticated technology).

Also, make sure you are taking advantage of tax shelters like your 401k and roth IRA which provide tax free gains before just straight up opening a brokerage account and investing.

*I'm not an expert all, btw. But I am not sure that stock picking experts exist...

I am signed up with Betterment so far it's an easy platform for beginners, I will also check out this Vanguard, thanks for the advice.

**WrongBaldy** · 06-18-2018, 02:09 PM

Originally Posted by JAB1985

I thought we had a thread for investments before and talked about starting out, but im not seeing it. Buried in the shit maybe?

Billy Graham - the intelligent investor
http://www.fxf1.com/english-books/Th...N%20GRAHAM.pdf

It’s Benjamin graham not billy graham

**Jsmoove** · 06-18-2018, 02:09 PM

Originally Posted by JAB1985

I thought we had a thread for investments before and talked about starting out, but im not seeing it. Buried in the shit maybe?

Billy Graham - the intelligent investor
http://www.fxf1.com/english-books/Th...N%20GRAHAM.pdf

right on Jab will read as well.

**Jsmoove** · 06-18-2018, 02:10 PM

Originally Posted by wickedsolo

I think Sugar is a financial advisor, isn't he? He might have some good insights.

I too have been talking/shoipping around for financial advisors. Being a vet, I've been thinking about going with USAA or something.

I think you might be right, I think Shug does do finances.. let me hit him up.

**Jsmoove** · 06-18-2018, 02:11 PM

Originally Posted by AmishlandRavenFan

Good reads for just starting out...

https://clark.com/personal-finance-c...ing-investors/

https://clark.com/personal-finance-c...ium-investors/

Not entirely on-topic, but possibly helpful depending on your specific situation, and how you feel about carrying debt...

https://www.daveramsey.com/baby-steps/

Caveat - I am not an advisor, just a schmuck with a plan...lol.

As an aside, I personally like Charles Schwab's family of funds, but Vanguard is another great option.

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thanks Amish will be reading.

**AmishlandRavenFan** · 06-18-2018, 02:21 PM

No problem Smooth. If you'd like to PM me, I can send you a simple example of a diversified stock portfolio, along with my approach to rebalancing (which I only do on a given date, once per year for my 401k).

That said, age, appetite for risk, and other very person factors should ALWAYS play a role in how someone approaches the when how, and what of investing.

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**AmishlandRavenFan** · 06-18-2018, 04:16 PM

Another good read in plain language that's a good start for new investors, and a great reminder for even the most savvy amongst us...

https://www.forbes.com/sites/johnwas.../#33c5d58e7230

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**blueridgemtnman** · 06-18-2018, 04:58 PM

I agree w/getting into ETF's (exchange traded funds, such as SPDR, etc). Another thing I might look into are dividend paying stocks, such as utilities, etc. They are fairly safe and pay out a dividend to you. Not an expert here. Just know a little and what's worked well for me.

**Jsmoove** · 06-18-2018, 04:59 PM

Originally Posted by AmishlandRavenFan

Another good read in plain language that's a good start for new investors, and a great reminder for even the most savvy amongst us...

https://www.forbes.com/sites/johnwas.../#33c5d58e7230

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Amish I really like this article still reading it.