Where's your money invested in?

[KwlAznKid]

I swear there was a thread already about this but I can't seem to find it so apologies if this is a repost.

curious to see where your money's invested in, kids/adults who live off mommy and daddy's money need not reply.


I've considered
-real estate
-stocks
-currency


if you had 20K to invest how would you split it up? and how much in each area?


on a side note does anyone here flip houses? i'd be interested in chatting with you

[Patrick303]

Betamax and HD DVD. I hear they are both making a comeback. :P

I invest in real estate and stocks. There is a great thread in this section called Stock Market Thread.

[Templar]

Originally Posted by KwlAznKid

kids/adults who live off mommy and daddy's money need not reply.

Well, bosster hymen is out then. Although I am sure he will reply anyway.

[Inspired]

20k is not a lot to invest in anything.

You can do stocks but it will have a small yield or a bigger one if you dont mind a much higher risk.

[NemesisX]

I always get a kick out of this irrational hatred towards trust fund kids

[kevinbahnz]

Originally Posted by Inspired

20k is not a lot to invest in anything.

You can do stocks but it will have a small yield or a bigger one if you dont mind a much higher risk.

There's got to be something better than keeping that in a savings or CD.

[Mr Tonka]

I'm very surprised that no one has said "Hookers & Blow".

What is happening with the OT?!?!

[KwlAznKid]

Originally Posted by Inspired

20k is not a lot to invest in anything.

You can do stocks but it will have a small yield or a bigger one if you dont mind a much higher risk.

I just pulled the number out of my ass, I guess I should have said what %-tage is invested in what, I thought by putting a number out it would help for some reason lol

Originally Posted by NemesisX

I always get a kick out of this irrational hatred towards trust fund kids

not hate, jealousy , i'm just bitter my parents don't pay for me anymore

Originally Posted by kevinbahnz

There's got to be something better than keeping that in a savings or CD.

yep exactly what i'm thinking

Originally Posted by Purple Derple

Do all UCSD grads end sentences in prepositions?

yes? no? probably not? what? no? ok? bye?

[M_Six]

Still waiting for my Detroit Municipal bonds to pay off.

[Malibu1]

If any of us knew how to invest, we would be on the Lambo and Ferrari forum and not here.

[firstkill]

for me 20k. I would do in this order, 30k + Id do #3 then #2 then #1

1. take it to vegas (high risk, some chance to double)

2. Scott trade or low cost stock trading option
- gotta know what you are doing or just as risky as las vegas

3. Financial Investor
- they basically do option 2 for you and steal 1% on the back end
- semi safe route

4. Rolling cash from one bank to another bank that gives free money.
- fastest way to make small amount of cash that beats CDs and interest
- ie chase open a checkings account they give u $150, you do this at many banks and move money around in circles

fk

[NemesisX]

Originally Posted by firstkill

for me 20k. I would do in this order, 30k + Id do #3 then #2 then #1

1. take it to vegas (high risk, some chance to double)

2. Scott trade or low cost stock trading option
- gotta know what you are doing or just as risky as las vegas

3. Financial Investor
- they basically do option 2 for you and steal 1% on the back end
- semi safe route

4. Rolling cash from one bank to another bank that gives free money.
- fastest way to make small amount of cash that beats CDs and interest
- ie chase open a checkings account they give u $150, you do this at many banks and move money around in circles

fk

4 sounds pretty creative I've never heard of anyone doing that.

Honestly though if it was me, I'd probably invest it all in a diversity of stocks.

Maybe buy 2 shares of Apple (5%), a share of Google (5%), ~20 shares of Conoco Philips (5%), 50 shares of facebook (5%), Chipotle (5%), McDonald's (5%), Pepsi (5%), Cocoa Cola (5%), Intel (5%), Dell (5%), Samsung (5%) etc. etc.

Maybe get some biotech in there.

Only do this if you're young enough and you're willing to take on quite a bit of risk. I would never advise someone nearing retirement age to just randomly pick stocks like this.

If you wanted to be super conservative, you could just invest it all in an index fund that as already done the job of diversification for you.

Note: I know absolutely nothing about investing so take my advice with a grain of salt.

[Colt]

I have some stocks, CD, IRA.

Originally Posted by KwlAznKid

side note does anyone here flip houses? i'd be interested in chatting with you

My parents used to flip houses. Don't really do it much anymore. Knowing the right people helps a lot...my mom is the broker for her own small real estate company so she has dealt with a lot of different companies, for just about anything that involves a home being remodeled. So that helped with money when flipping a bit because of all the business we have given them in the past and present

Originally Posted by NemesisX

Chipotle

Made me want a burrito

[Erhan]

If you don't need immediate returns, open up a vanguard account, buy one or two of their funds, and let that money stay there for at least few years.

https://investor.vanguard.com/corporate-portal

[BayMoWe335]

Honestly not trying to be an ass here but $20k isn't really enough to get serious. I'd keep most of it in cash for when you need it and put $5,500 in a Roth if you can.

Or open a brokerage account at Ameritrade and put it in VTI or similar. Cheap, simple, liquid, and effective long term.

[Inspired]

Originally Posted by BayMoWe335

Honestly not trying to be an ass here but $20k isn't really enough to get serious. I'd keep most of it in cash for when you need it and put $5,500 in a Roth if you can.

Or open a brokerage account at Ameritrade and put it in VTI or similar. Cheap, simple, liquid, and effective long term.

I was thinking the same but he said 20k is just a random # he threw out.

[BayMoWe335]

Originally Posted by Inspired

I was thinking the same but he said 20k is just a random # he threw out.

Yeah...I guess you have to start somewhere. I had $10k in my first account but that was after maxing my Ira and 401k plus 1 year savings.

On a side note, the market looks unattractive to me now. All time highs may go higher but it just doesn't feel right. I might miss some upside but the downside is coming in the next few years. I will be ready when blood is in the streets. Besides my 401k and IRAs, I'm 95% cash. I get antsy with so much cash but the time will come.

GLD interests me some.

[BayMoWe335]

Forget flipping. Most of the great deals are gone and you need a lot of cash. Just my opinion.

[boostedTIAG335]

Originally Posted by NemesisX

4 sounds pretty creative I've never heard of anyone doing that.

Honestly though if it was me, I'd probably invest it all in a diversity of stocks.

Maybe buy 2 shares of Apple (5%), a share of Google (5%), ~20 shares of Conoco Philips (5%), 50 shares of facebook (5%), Chipotle (5%), McDonald's (5%), Pepsi (5%), Cocoa Cola (5%), Intel (5%), Dell (5%), Samsung (5%) etc. etc.

Maybe get some biotech in there.

Only do this if you're young enough and you're willing to take on quite a bit of risk. I would never advise someone nearing retirement age to just randomly pick stocks like this.

If you wanted to be super conservative, you could just invest it all in an index fund that as already done the job of diversification for you.

Note: I know absolutely nothing about investing so take my advice with a grain of salt.

Clearly. Apple hasn't seen $600 a share for months now. Probably never will again. And correct me if I'm wrong, Facebook hasn't seen $38 a share since their IPO. Meaning, everyone that invested in Facebook lost money. I would be hesitant to invest in Dell too. Can you name the last innovative thing that have done recently? Neither can I.

[Nkc]

$20k is more than enough to start investing and realizing gains. I doubt you'll be about to touch any real estate with that money but stocks, funds, and bonds can be a good place to start. Remember, no pain no gain. This whole financial market is not built to help you make money, its to help the people who run the game make money.

My honest advice, for the past 5 years of investing and the ridiculous returns or losses I had, I'd much rather buy a older classic car and enjoy it. It does't depreciate much and even has a chance to increase in value. Plus you actually get to drive it and enjoy it. I'm really bitter about the stock market in HK lol.

[grimlock]

Originally Posted by Malibu1

If any of us knew how to invest, we would be on the Lambo and Ferrari forum and not here.

Truth! hahahaahha?

[upstatedoc]

Federal Thrift Savings Plan "L 2030".