Investing For the Future...Need Advice! - GoFuckYourself.com

MandyBlake · 05-26-2005, 02:42 PM

Ok so we're FINALLY ready to start investing money for Tony's future

Mine too, but mine is further off.

Which is the best way for newbie investors to invest their money?
We were looking at either IRA or Mutual Funds.

Any advice is greatly appreciated!!!
Thanks.

MandyBlake · 05-26-2005, 02:59 PM

i KNOW you guys have advice for me!

slapass · 05-26-2005, 03:17 PM

Ira with index funds is the first step. get a low fee fund.

MandyBlake · 05-26-2005, 03:23 PM

Quote:

Originally Posted by slapass

Ira with index funds is the first step. get a low fee fund.

ok.
thanks.
anyone else have any suggestions?

Babagirls · 05-26-2005, 03:26 PM

grab a stock, put $50 into it every month (do some research on it first to make sure its a nice & steady stock that will make you money here & there for years on end)...and let it sit there for 25 yrs. should have a nice chunk of change in 25 yrs.

SureFire · 05-26-2005, 03:31 PM

IRA...max it every year. Money left over mutual fund.

I know I not much help, hope others are more helpful.

Good luck and remember never to dip into or take a loan out on retirement money to pay off unsecured debts even if you take a loan out on your 401 plan.

chadglni · 05-26-2005, 03:55 PM

domains. yes, domains.

MandyBlake · 05-26-2005, 10:08 PM

Quote:

Originally Posted by chadglni

domains. yes, domains.

lol that wasn't very helpful at all.

Barefootsies · 05-26-2005, 10:10 PM

Quote:

Originally Posted by MandyBlake

Ok so we're FINALLY ready to start investing money for Tony's future

Mine too, but mine is further off.

Which is the best way for newbie investors to invest their money?
We were looking at either IRA or Mutual Funds.

Any advice is greatly appreciated!!!
Thanks.

Rental property. Mainly 2-4+ unit buildings.

Capital first, then IRA, and so forth.

runaway · 05-26-2005, 11:15 PM

buy up some land

Illicit · 05-26-2005, 11:17 PM

Quote:

Originally Posted by Babagirls

grab a stock, put $50 into it every month (do some research on it first to make sure its a nice & steady stock that will make you money here & there for years on end)...and let it sit there for 25 yrs. should have a nice chunk of change in 25 yrs.

never put your eggs all in one basket

Mutual Funds

DatingGold · 05-26-2005, 11:18 PM

Quote:

Originally Posted by MandyBlake

Ok so we're FINALLY ready to start investing money for Tony's future

Mine too, but mine is further off.

Which is the best way for newbie investors to invest their money?
We were looking at either IRA or Mutual Funds.

Any advice is greatly appreciated!!!
Thanks.

IRA and ROTH IRA are tax free.. you there are also college funds that have very good tax advantages..

I'm assuming Tony is your son.

Tempest · 05-27-2005, 12:40 AM

An old boss of mine had a wife that worked in the investment branch of their bank... and before they started investing, what they did is they put $1000 into a 1 year TBill or the like each month.. and they did it for say 5 years (you could just keep going if you make enough extra cash)... that way, each month you have some "cash" coming available ($5k each month after 5 years) in case life turns bad.. If nothign happens you just reinvest it.. and you earn the interest on it.. I've always thought it was a damn good idea...

SGS · 05-27-2005, 01:00 AM

If its a long term thing (as all investments should be) then property is the best bet.

JayRevenue · 05-27-2005, 01:18 AM

I have someone you may be interested in talking to. Contact me on icq, and I'll put him in touch with you.

I believe the fund pays 24% annually. Principle locked in for one year.

Juicy D. Links · 05-27-2005, 01:20 AM

Blackjack tables in Vegas

fris · 05-27-2005, 04:00 AM

Quote:

Originally Posted by MandyBlake

Ok so we're FINALLY ready to start investing money for Tony's future

Mine too, but mine is further off.

Which is the best way for newbie investors to invest their money?
We were looking at either IRA or Mutual Funds.

Any advice is greatly appreciated!!!
Thanks.

you can have my 1245 google stock

Jace · 05-27-2005, 04:05 AM

property...we are in the process of buying this house, the others on the block have gone up an average of $12k a year for the past 3-4 years...this neighborhood is only going to get more pricey

Peaches · 05-27-2005, 06:26 AM

Quote:

Originally Posted by DatingGold

IRA and ROTH IRA are tax free.. you there are also college funds that have very good tax advantages..

I'm assuming Tony is your son.

Tony is her husband

You each need to get IRAs and then go from there. I'd look at real estate after that, especially since we're located in an area that is going up steadily (not booming like CA/NV/AZ, but still steady).

Veterans Day · 05-27-2005, 06:29 AM

investment consultation at GFY

8 out of 10 people here dont have 2 wooden nickels to rub together

bringer · 05-27-2005, 06:31 AM

Quote:

Originally Posted by JaceXXX

property...we are in the process of buying this house, the others on the block have gone up an average of $12k a year for the past 3-4 years...this neighborhood is only going to get more pricey

you'll make money in the long run but buying now isnt smart

MandyBlake · 05-27-2005, 10:05 AM

Quote:

Originally Posted by DatingGold

IRA and ROTH IRA are tax free.. you there are also college funds that have very good tax advantages..

I'm assuming Tony is your son.

if tony is my son we would have to answer the age old question...how does a 25 year old woman have a 41 year old son?
he's my hubby.

MandyBlake · 05-27-2005, 10:08 AM

Quote:

Originally Posted by Veterans Day

investment consultation at GFY

8 out of 10 people here dont have 2 wooden nickels to rub together

i know some people here have done very well with investments and wanted opinions.
i'm not looking for expert advice.

05-26-2005, 02:42 PM	#1
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	Investing For the Future...Need Advice! Ok so we're FINALLY ready to start investing money for Tony's future Mine too, but mine is further off. Which is the best way for newbie investors to invest their money? We were looking at either IRA or Mutual Funds. Any advice is greatly appreciated!!! Thanks. __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

05-26-2005, 02:59 PM	#2
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	i KNOW you guys have advice for me! __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

05-26-2005, 03:26 PM	#5
Babagirls Text Writer Join Date: Feb 2001 Location: Wisconsin Posts: 18,812	grab a stock, put $50 into it every month (do some research on it first to make sure its a nice & steady stock that will make you money here & there for years on end)...and let it sit there for 25 yrs. should have a nice chunk of change in 25 yrs. __________________ Need a Text Writer? Blogs\|Reviews\|Descriptions\|Paysites\|TGP's\|Stories ICQ: 397892500

05-26-2005, 03:55 PM	#7
chadglni Confirmed User Join Date: Dec 2002 Location: PEI, Canada Posts: 6,924	domains. yes, domains. __________________ Sign up here - Dating Site affiliate program

05-27-2005, 01:00 AM	#14
SGS Confirmed User Industry Role: Join Date: Dec 2002 Location: Mallorca - Nottingham Posts: 5,176	If its a long term thing (as all investments should be) then property is the best bet. __________________ See sig...

05-26-2005, 03:17 PM	#3
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	Ira with index funds is the first step. get a low fee fund.

05-26-2005, 03:31 PM	#6
SureFire Confirmed User Join Date: Jan 2003 Location: internet Posts: 4,398	IRA...max it every year. Money left over mutual fund. I know I not much help, hope others are more helpful. Good luck and remember never to dip into or take a loan out on retirement money to pay off unsecured debts even if you take a loan out on your 401 plan.

05-26-2005, 11:15 PM	#10
runaway Confirmed User Join Date: Feb 2004 Posts: 1,177	buy up some land

05-27-2005, 12:40 AM	#13
Tempest Too lazy to set a custom title Industry Role: Join Date: May 2004 Location: West Coast, Canada. Posts: 10,217	An old boss of mine had a wife that worked in the investment branch of their bank... and before they started investing, what they did is they put $1000 into a 1 year TBill or the like each month.. and they did it for say 5 years (you could just keep going if you make enough extra cash)... that way, each month you have some "cash" coming available ($5k each month after 5 years) in case life turns bad.. If nothign happens you just reinvest it.. and you earn the interest on it.. I've always thought it was a damn good idea...

05-27-2005, 01:18 AM	#15
JayRevenue Confirmed User Join Date: Oct 2004 Location: Los Angeles Posts: 240	I have someone you may be interested in talking to. Contact me on icq, and I'll put him in touch with you. I believe the fund pays 24% annually. Principle locked in for one year. __________________ icq: 291096009

05-27-2005, 01:20 AM	#16
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Blackjack tables in Vegas

05-27-2005, 04:05 AM	#18
Jace FBOP Class Of 2013 Industry Role: Join Date: Jan 2004 Location: bumfuck, ky Posts: 35,562	property...we are in the process of buying this house, the others on the block have gone up an average of $12k a year for the past 3-4 years...this neighborhood is only going to get more pricey

05-27-2005, 06:29 AM	#20
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	investment consultation at GFY 8 out of 10 people here dont have 2 wooden nickels to rub together __________________ Build a Massive Traffic Network, Hands FREE, Totally Automated