Bros, what are your best INVESTMENT / FINANCE tips
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Date: April 24th, 2014 10:29 AM Author: High-end concupiscible senate
We do.
Half our income goes into savings.
Of course it helps that we live overseas and benefit from the tax allowance and have housing and schooling provided by the company.....
But even if we lived in the US we'd still be socking away 25%. It's all about discipline and priorities. My parents (professor and housewife) saved between 20 to 25% annually and still put two kids through private schools and colleges.
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25437727) |
Date: January 30th, 2014 9:52 PM Author: know-it-all boistinker
Index funds for 95% of people.
Buy quality at a fair price.
Invest in businesses you understand.
Be long term, don't trade.
Don't borrow money.
Never write a put.
Never buy shares in a Greek or Indian company.
Always go for lower than 1% fees.
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928453)
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Date: January 30th, 2014 10:16 PM Author: Talented coral kitchen
The third is (IMO) one of the most important.
I would also say to shop for the best price or terms. For example, pick the mortgage lender with the best rates and costs. Some places like the bank that you have a checking account with may be willing to shave off a few points if you have a checking account with them.
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928589)
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Date: January 30th, 2014 11:21 PM Author: Very tactful public bath
A high quality value lean rebalanced quarterly absolutely crushes the S&P 500 over the long term - and stocks held over a long enough horizon definitively go up with non-trivial yield en route.
Basically, I pull between 40-50 non-distressed names from the S&P 500, but if you are really lazy the IVE index is not a bad choice. My narrowing process boils down to a screen on single-stock analyst sentiment. The higher the aggregate buy conviction, the more sentiment will be swimming in your favor even if the story ends up being a touch too bullish. In my opinion, the quality / value tilt approach is the most common one taken by people who actually work in equity / portfolio research on the street and don't trade micro news flow.
Use a reputable discount brokerage (ideally the one affiliated with your bank if you have 100K plus assets) and implement for next to nothing (I get more free trades in a month than any non-day trader would ever use). You should never pay to trade an index fund apart from the management fee, which should be a small fraction of 1%.
Finally, never pay for a financial advisor unless you have serious estate planning needs, are divorced, need to shelter assets from another jurisdiction, etc.
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24929046)
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Date: April 17th, 2014 2:07 AM Author: histrionic bawdyhouse
"Use a reputable discount brokerage (ideally the one affiliated with your bank if you have 100K plus assets) and implement for next to nothing (I get more free trades in a month than any non-day trader would ever use). You should never pay to trade an index fund apart from the management fee, which should be a small fraction of 1%."
Do most banks have an associated stock trading platform?
Where do I go to buy an index fund?
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397048)
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Date: April 17th, 2014 2:18 AM Author: know-it-all boistinker
it is a mystery friend
depends on where the interest rates are
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397070)
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Date: April 24th, 2014 1:05 PM Author: Swashbuckling trust fund black woman
restaurants
nightclubs
horses
ywia
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25438590) |
Date: April 24th, 2014 1:20 PM Author: frozen salmon mad-dog skullcap
-passive index funds, be sure to check expense ratios. should be very low on index funds.
-don't panic out of the market on corrections unless you need the cash right now.
-max any tax advantaged accounts you're eligible for.
-save a significant portion of your income.
-if your compensation is variable, live off your base salary and keep recurring expenses in check relative to it. use bonuses to save, invest, or pay down debt only.
-new cars are a waste of money, especially luxury ones. buy a few years old and nobody will know the difference.
-once you're established the only debt you take on should be for your primary residence or if you hit hard times. never go into debt for consumer goods.
-don't buy a house until you know you want to live somewhere for many years.
-don't use "creative" financing like ARMs or interest-only mortgages to buy more house than you can afford.
-keep an emergency fund and be prepared for the worst. changing careers or moving can be very expensive. if you have a family, you need to save even more.
(http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25438691)
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