DOW 20k!!! - the investing thread

Yeah that wasn't what we had talked about...I wanted to be in more long term stuff...or if he was gonna play...do it with much smaller amounts of moolah!
Yeah, just typing that out, I realized he definitely needs to go...

 

Rather than engaging another advisor, why not do it yourself? Or if you don't want to do that, there are tools that are free, or pretty close to it, like Betterment or Schwab's Intelligent Portfolios.

I use Schwab, and am very satisfied with their service and cost. Mostly I research and decide on my own, with a variety of low-cost investments. (Low cost is the first key to sucess.) I also have some assets in their Intelligent Portfolios, and I have no complaints. They do what they say they will do.

 

I have been thinking about this the last few days...I need to check this out because I guess even though I have dabbled a bit in the past, I don't really know exactly what I'm doing...I'll do some research tonight...thanks!

 

Even if you just put everything in one of those target date funds, it isn't a bad move and easy to DIY. They are slightly more expensive than if you did your own allocation...but not bad at all.

Keep in mind that the dates that are further away are more aggressive/risk, but that's not a bad thing. Once you get more comfortable you can start peeling money off your target date fund and investing it more specifically to meet your objectives.

 

Excellent advice.

 

I like the target date funds if you don’t want to, or have time to watch the markets all the time. A few things that work for me is any stock dividends get automatically reinvested, and every time I got a pay raise, I’d invest one or two percent of it each payday. After a few years I was saving a good percentage of my pay and not really missing it. Set up auto dividend reinvest, auto transfer of some pay into the investment fund, then try to forget you even own it! It gets tempting when you have kids and a mortgage, need a new truck.......but don’t touch it.

 

So I got a letter from the main capital management company in the mail the other day, says that they are investigating the trades that caused my huge losses back in November...that doesn't reflect well on my investment advisor dude, does it?
Not sure what triggered this, if it is just an internal thing, or if another client of this guy filed a complaint? Its good they are checking into things, but I doubt its gonna change anything...

 

that is good they're investigating, but loss is loss...
maybe you need to file a complaint also.

 

it didnt come back when the market came back? or she moved it while it was down to try to preserve what was left?

 

Right, it's only gone if you take it out.

Index invest on the regular. Ain't no thang.

 

She must have had too many high risk bonds like me.

 

Update...investigation complete...they are refunding my losses! (plus interest!)
Anybody ever hear of something like that?!
Someone must have really screwed up...I was getting letters from investment fraud lawyers and I never even filed a complaint or anything...someone must have though! Whatever, I'm certainly not complaining...just feeling pretty lucky and blessed!

 

That is fantastic news!

 

Wall Street is having an awesome sale! Buy at low prices but plan on holding for a while.

Xx This advice is worth what you are paying for it!

 

Umm, no thanks. I'll stick with money markets for the (un)forseeable future.

 

What are they paying?

 

Holy Moly!