Investing
- Thread starter AustinBR
- Start date
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It all depends on what you want to invest in. Stocks,Bonds,Mutual Funds, Precious Metals or Stones.
I have all my retirement money invested with Edward Jones, as does my friend. I keep about 2/3 of my money in bonds (corporate, munis) averaging about 4% and 1/3 in stocks that pay a good dividend. I'm 66 so don't want all my money exposed to the ups and downs of the stock market, yet I need some growth to keep up with inflation. I have been well please with my EJ advisor.
4th on Edward Jones. I use a lady here in Denham. We've done well the last few years that we've used her. She has laid out a plan and it's working. As others have said I don't have time to guess as to where to put my money. Let the experts do that for you, just find the right one.
Cajun Camper
Well-Known Member
Edward Jones also. Have my IRA & a savings account with them.
Investing advice is generally worth what you pay for it. I have tried just about every method and strategy over the years as a non-professional investor, including EJ. "Professionals" like EJ are pros at making money. The thing is, they make their money off you. I have found that when the "professionals" have done good work for me--it is because the market is on a tear and everyone is making money anyway (more if you subtract their fees).
You have to figure out what kind of products you want based on your risk tolerance and your goals. Do your own research and buy them yourself through whatever low cost trade company you want. If you are unable or unwilling to find the info you need to make the decision on what to invest in...do what Warren Buffet says. Find the lowest cost S&P index fund you can and let it ride. It will go up and down no doubt, but over a long enough time horizon you will come out just fine. Maximize your IRA and 401k opportunities along the way.
You have to figure out what kind of products you want based on your risk tolerance and your goals. Do your own research and buy them yourself through whatever low cost trade company you want. If you are unable or unwilling to find the info you need to make the decision on what to invest in...do what Warren Buffet says. Find the lowest cost S&P index fund you can and let it ride. It will go up and down no doubt, but over a long enough time horizon you will come out just fine. Maximize your IRA and 401k opportunities along the way.
My EJ man. made me money when the market was down. I don’t care that I have to pay him. Would cost me a lot more to learn for myself. He also guides me in areas where he makes no money (my work 401k).
Everyone is in their field to make money. I don’t mind paying for good results.
Like I said, it is generally worth what you pay for it. My advice included. I have never found the guy that has been able do something contrary to the overall market. Better or worse. Maybe I should get your guys number I'm all for a professional getting their cut. Happy to pay for it. It would be nice to find the pro that just took a flat percentage of the wins (and losses!) and called it a day.
Bernie Madoff !
Personally, I've stayed with one financial advisor for over 20 yrs, even as she moved from Smith-Barney to Fidelity to Wells Fargo. She has always given good advice, and I've been pleased with results.
Suburbazine
01001000 01101001 0011111
Cryptocurrency.
Had very bad luck with 2 advicors in the past so I tried it on my own for a while, which as others have said is mostly hit and mostly miss. I now have IRA and 401k with Vanguard.com in low cost index mutual funds and love them. They also have low cost advisors available, which I haven't used yet
My dad started a IRA at Vanguard for me 30+ years ago when I was a young teenager. When I became aware of what investing was years later I researched it and have stayed with Vanguard ever since.
There is an episode on the Art of Manliness Podcast titled "How to think about money". It's a very good interview with a finance guy who gives some good suggestions. I probably liked it because he re-affirmed my overall plan which is keep it simple, low cost, and consistent.
There is an episode on the Art of Manliness Podcast titled "How to think about money". It's a very good interview with a finance guy who gives some good suggestions. I probably liked it because he re-affirmed my overall plan which is keep it simple, low cost, and consistent.
ALWAYS a good idea! I keep about 20% of my investments in self-managed funds and focus closely on fees -- Vanguard and TRowe Price have good options.
What app do you use to trade them? I almost got into Bitcoin when I was in NYC over the summer. Had I done so, I would have doubled my money and then some.
I've been using a company lately that gives you free trades. If anyone is interested, PM me and I can send you a referral code that gets you a free stock for signing up.
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