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View Poll Results: How do you invest |
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| I let my financial advisors select my investments |
   
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15 | 17.24% |
| Mutual funds only, I choose |
  
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16 | 18.39% |
| Mutual funds only, advisor/borker chooses I approve |
  
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11 | 12.64% |
| Individual company stocks, mostly, I rely on advisor |
  
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1 | 1.15% |
| Advisor, what's that - I choose, I do the research, I do it all |
  
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19 | 21.84% |
| Some advisor action, some strictly me. |
  
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25 | 28.74% |
| Voters: 87. You may not vote on this poll | |||
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| LinkBack | Thread Tools |
01-04-2011
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#121 (permalink) |
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añejo
 Join Date: Aug 2001
Location: Delaware
Posts: 10,401
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So who does the common man listen to?
 It can really be frustrating for the average person trying to figure out the safe thing to do with their money...I guess that's why they liken it to gambling! |
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01-04-2011
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#122 (permalink) | |
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añejo
 Join Date: Feb 2003
Location: Oregon
Posts: 59,676
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Quote:
You can read more about it here Buckets of Money® - How to Retire in Comfort & Safety Basically, it sets up 3 buckets - the first for near-term cash needs (5-7 years or so) - only in very safe stuff; the second for intermediate-term needs (5 to 10 years out), in investments that are slightly more aggressive, but not much; the third bucket, which will not be needed for 10 years or more goes into stocks/stock funds that are more growth-oriented. Lots of details at the link. Since we have defined benefit pensions that will pay month in and month out, our cash needs from investments will be lower than for some folks, which is good because the amount of assets we have is probably also less than what a lot of folks have  I am starting to do the studying that will help us shift from a asset growth focus to a sustainable income focus in our investments, but unless you enjoy doing that kind of thing get a good financial adviser (James A here on PI is one) that you can trust and communicate well with and let them help you. On the other hand, you may also just want to ignore any advice I give, which may be the most wise course of action 
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01-04-2011
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#123 (permalink) | |
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añejo
Join Date: Nov 2009
Location: Arkansas
Posts: 7,558
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Quote:
Market Is Overbought, Overextended and Overvalued |
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01-04-2011
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#124 (permalink) | |
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Canada Dry
Join Date: Aug 2004
Location: Saskatchewan, Canada
Posts: 49,564
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Quote:
I am still mostly medium to high risk. But Don, at 47, is starting to move his more to medium to lower risk. we were really lucky...we had each left previous employers right before the crash, and our investments were mostly in money market accounts as per our financial dude in transition between our old plans and new choices....whew. This is still the best book on investing I have ever read:  In short- get yourself a good advisor, save ten percent of your income, avoid bad debt and living beyond your means, and sit back and get rich. Oh yeah, and start at 20...if you didn't, you're screwed. 
Last edited by Rissask; 01-04-2011 at 10:20 AM.. |
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01-04-2011
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#126 (permalink) | |
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Canada Dry
Join Date: Aug 2004
Location: Saskatchewan, Canada
Posts: 49,564
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Quote:
Being DINKS has helped.  Those little ankle biters are EXPENSIVE! Well, not when we were kids, but in today's world where parents feel they HAVE to take their kids to Disneyland every 3 years...and they MUST have all the recent games and brand name clothes.....a smartphone by age ten.... 
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01-04-2011
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#127 (permalink) | |
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añejo
Join Date: Aug 2001
Location: Delaware
Posts: 10,401
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Quote:
Oh, and if they are called smart phones, why do I always end up yelling at it and shouting "Dumb A$$ Phone!"?
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01-04-2011
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#128 (permalink) | |
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añejo
Join Date: Feb 2003
Location: Oregon
Posts: 59,676
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Quote:
That would be my guess
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01-04-2011
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#131 (permalink) | |
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añejo
Join Date: Jul 2009
Posts: 12,274
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Quote:
i did it quite differently so far it is working without punching a clock |
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01-05-2011
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#134 (permalink) | |
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Canada Dry
Join Date: Aug 2004
Location: Saskatchewan, Canada
Posts: 49,564
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Quote:
 Don't ya know? Lotteries = tax on people who are really bad at math.  Investing is not gambling. Gambling is a sure fire money-loser. With investing, you can do it low risk or high, you can gain or lose, but long term you will always come out ahead, as long as you have a good advisor....not so with gambling! |
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01-05-2011
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#135 (permalink) | |
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Canada Dry
Join Date: Aug 2004
Location: Saskatchewan, Canada
Posts: 49,564
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Quote:
I was thinking more on this. I would love to hear how you did this. Short of illegal activity or rich relatives handing you money- how can this be a wise path to take? Or do you mean simply you are living hand to mouth and have no nest egg?
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