Investing Poll

[TAPPY]

I am thinking an IRA is the best way to go as well....but I got to get a handle on all the what ifs !!!

[pamplemoose77]

Originally Posted by Jacko

Whats a 'borker"? Whatever.....I chose it!

i think that's my favorite new word!!!

[roni]

Originally Posted by pamplemoose77

i think that's my favorite new word!!!

It was supposed to be a broker

[pamplemoose77]

Originally Posted by roni

It was supposed to be a broker

honestly, i didn't even notice it til jacko pointed it out! i totally read "broker" when i read the choices!

but using a borker for investments sounds like a lot more fun

[Jacko]

Originally Posted by pamplemoose77

honestly, i didn't even notice it til jacko pointed it out! i totally read "broker" when i read the choices!

but using a borker for investments sounds like a lot more fun

Yeah, I sure have been borked a few times!

[alwaysmissinpdc]

Originally Posted by roni

It was supposed to be a broker

Borker is closer to the description of how I am feeling about mine. Might have to use the term in a phone call this week. Thank you.

[birdman]

Think Oil !!! It's not going to fall until Iran does.

[ryberg]

Glad you figured out the poll stuff.

For those trying to figure out if they should trust some mutual funds manager or a broker with their money or go the DIY route, as your poll options seem to imply, you want an index fund. At this link, the Motley Fool folks, who will tell you you should have your head examined if you go with any kind of mutual fund that's not an index fund, say:

During the 1990s, the S&P 500 has provided an annualized return of 17.3%, compared with just 13.9% for the average diversified mutual fund. . . . S&P index funds have garnered a lot of attention over the last couple of years for good reason. The Vanguard S&P 500 fund has outperformed over 90% of all domestic equity mutual funds over the past three and five years (and a much higher number if you include bond and international equity funds).

With an index fund, once you choose the fund, you're done, and you don't have to pay a manager basically anything. They're very cool.

You can hear them deride all non-index mutual funds in humorous fashion at this link, as well, if you like.

Steve

[roni]

Originally Posted by ryberg

Glad you figured out the poll stuff.

For those trying to figure out if they should trust some mutual funds manager or a broker with their money or go the DIY route, as your poll options seem to imply, you want an index fund. At this link, the Motley Fool folks, who will tell you you should have your head examined if you go with any kind of mutual fund that's not an index fund, say:

With an index fund, once you choose the fund, you're done, and you don't have to pay a manager basically anything. They're very cool.

You can hear them deride all non-index mutual funds in humorous fashion at this link, as well, if you like.

Steve

With a long enough time frame, index funds make perfect sense. The S&P is close to being back where it was in 2000. The Nasdaq is still about 50% of what is was before the tech crash back then, so if you had a lot of money in an index fund that tracked the Nasdaq, you'd still be very unhappy.

[jsotherj]

Originally Posted by Jacko

Whats a 'borker"? Whatever.....I chose it!

I voted borker also

[roni]

Originally Posted by jsotherj

I voted borker also

So, what does it mean to "bork"?

[ryberg]

Originally Posted by roni

With a long enough time frame, index funds make perfect sense. The S&P is close to being back where it was in 2000. The Nasdaq is still about 50% of what is was before the tech crash back then, so if you had a lot of money in an index fund that tracked the Nasdaq, you'd still be very unhappy.

Well I think their point is that while that might be the case, you might nevertheless be happier -- usually several points happier, in fact-- than somebody who had a managed mutual fund focused on the Nasdaq then. Or that is to say, their point is that managed mutual funds really by and large just suck.

Index funds are not their top pick overall. Indeed the stock market isn't their top investment pick overall, if you've got a new small business you're starting up, for example, or other such things. But they're clearly their top pick for those who again may not have the time, energy or inclination to do all the research themselves. A sort of way out between that as a rock and mutual funds managers and fees as the hard place.

Steve

[horizon200]

Originally Posted by roni

So, what does it mean to "bork"?

Bork: Verb...To sing in a really high pitched, waivering, annoying tone....oh wait that's Bjork!


I have a 401K (so does wife)
Plus a conventional IRA
Plus a Roth IRA

My IRA's are a mix of different funds (to include index funds, growth, stock etc)


I've always been a firm believer in investing the maximum amount into the 401K. Why pay Uncle Sugar when you can pay yourself? But I did read on another board an interesting view as to why you SHOULDN'T invest in 401K's. I'll have to see if I can find it again.

[Jacko]

Originally Posted by horizon200

Bork: Verb...To sing in a really high pitched, waivering, annoying tone....oh wait that's Bjork!


I have a 401K (so does wife)
Plus a conventional IRA
Plus a Roth IRA

My IRA's are a mix of different funds (to include index funds, growth, stock etc)


I've always been a firm believer in investing the maximum amount into the 401K. Why pay Uncle Sugar when you can pay yourself? But I did read on another board an interesting view as to why you SHOULDN'T invest in 401K's. I'll have to see if I can find it again.

At a minimum, IMO at least ALWAYS participate in a company sponsored retirement program up to the employer match percentage!

For example we have a Simple IRA program...the company matches the employee contribution dollar for dollar into their fund on the first 3% of salary contributed. 100% vested, employee owns everything...no strings...

Still hard for me to understand how some of my young employees are not signed up for this "no-brainer" investment opportunity...its pre-tax, its free money from the employer and a good start on an investment/savings program without being overly burdensome.

[ThrushJockey]

I could not vote.

I have yet to invest.

Guess ya need some $$$$$$$$$$$$$$$$!