/biz/ - Business & Finance

nice try you data mining kike.

>>113071
seeing if biz is rich or peasanty.jpg

I'm too scared

>>113054
beat this faggot

I'm broke as fuck, going paycheck to paycheck.

>>113054

I don't really see the point of this thread, but since I've posted previously I won't hold back now.

>Let the photoshop claims begin.

>>113301
how'd you do it?
>implying it's not photoshop

>>113301

What did you buy in October of 2011?

>>113301
T-that's p-photoshot you fucking f-faggot

>>113054
>>113054
>>113071
>>113071
>>113155
>>113155
Four tears in my face and you ain't ever heard me cry,
I'm richer than y'all, I got a bank full of pride

>>113301

I triple dog dare you to give me $2500

You won't do it you puss.

you guys jelly

>>113400
Wow. What do you do?

>>113400

meea give money or it didnt happen 1M3WUByZ8LNpsg7nXay4ouZvSDk9uk8zUj

I dont have proof
But I have like 5000$ total assets
#College

>>113311

Highly diversified portfolio of mutual funds, primarily index funds. Buy and hold. Live below my means and invest everything into the markets.

That chart is just my Vanguard accounts. That's not even all my investments.

>oh, and nice dub-dub-dub

probably got about 20k to my name spread out over various stocks, cryptos, and a CD

>>113400
this is bait

>>113313
>What did you buy in October of 2011?

Nothing special. My funds allocations haven't changed significantly in 10 years. I'm 90/10 stocks/bonds. Stocks are 50% large cap, 20% international, 20% small cap, 10% sector (health care, precious metals, etc.).

It's a boring, classic, time-tested strategy that yields outstanding long-term returns without excessive risk.

>>113461

>cryptos

Dropped.

>>113492
I wouldn't be worth $500 million dollars today if I didn't invest in the future (dogecoins).

>>113481

Well congrats man. Stick around the board and don't let the children chase you away.

>>113481
Assuming you're legit, what can I do, as someone who lives paycheck to paycheck, do to get started in something that will net long-term results (assuming there's anything I can do)?

>>113481

>Thinking there is a strategy that is 100% safe

As soon as people start thinking that, something changes and you lose everything.

Stocks and bonds are both at extreme long term highs, accounting for inflation. You don't even get anything over inflation for bonds. Might as well stuff that 10% in your mattress for all the good its doing you. The likelihood of US default by printing is 100% (they are already monetizing bonds--this is stealth default, but most are simply too scared to acknowledge it, but many are positioning themselves to come out on top when the inevitable happens). You will lose all of that money. Stocks will rise, but not enough to beat inflation (ask any Zimbabwean, Venezuelan, or Argentine).

>>113301
Looks fake, unless you can actually prove that you make $500k+ a year in wage income on top of that capital gains.

>>113520
>what can I do, as someone who lives paycheck to paycheck, do to get started in something that will net long-term results

To state the obvious, you're going to have to either increase your income or decrease your spending. I don't know enough about you or your life to give you specific advice, but its simply not possible to build wealth without having a steady flow of income that exceeds your base spending.

Once you start generating excess cash, build up an emergency reserve of 3-6 months of living expenses. Once you have this safety net in place, then you can start thinking about investing.

>>113492
you know, you aren't the first idiot I have encountered that has this same attitude. stop being bitter that people dumber than you (or so you think) are making money in something you find novel

>>113549
>Thinking there is a strategy that is 100% safe

I never said my investment philosophy was 100% safe. I said that I made excellent returns without excessive risk. That is the cornerstone of prudent investing.

The rest of your comment is /pol/ level garbage and doesn't belong in a discussion amongst civilized gentlemen. Good day, sir.

>>113301
>>113481
How long have you been invested? That growth from 2 to 9 million from 2009 just reminds me that I was a dumbass who should've jumped into stocks when I was in college instead of three years later.

>>113596
It's fake bro.

>>113054

>>113551
>Looks fake, unless you can actually prove that you make $500k+ a year in wage income on top of that capital gains

I can't prove my finances to anyone, not without revealing personal information that I am unwilling to share. You can choose to believe or not.

But yes, my job income, investment income, and capital gains is greater than $500,000 per year. That does not include unrealized gains, of course.

>>113596
>How long have you been invested? That growth from 2 to 9 million from 2009 just reminds me that I was a dumbass who should've jumped into stocks when I was in college instead of three years later.

Since well before 2000. Let's just say I've been through a couple major bear markets, but have still come out on top. Buy and hold works.

>>113630
>what would you say to a 18 year old guy that is just getting into investing what pathways and what kind of decision making do you need to become successful other than the ones you've already mentioned?
>also how old are you if you don't mind me asking?

>>113654
how much did you start with?

>>113730
we all start at zero, my friend

>>113781
...but i'm starting with £20k

Also...

>>113831

Wallet thread?

>>113940
>2014
>Cash.

enjoy your germs and the 1970's you backwards rube.

I pay with physical bitcoins for everything.

>>113940

>keeping dogecoin paper wallets in your real wallet

Shiggy diggy doo

>>113781
I plan on starting investing after I get a job programming out of college or something. Im a good programmer so I definitely won't be unemployed after I graduate.

>>113962

This is how the world goes around if you do business with regular middle class people.

>>113963
>Im a good programmer so I definitely won't be unemployed after I graduate.

HAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>113969
If you knew what I can do/have done, you wouldnt be doubting this. Ive already had work that I can show on my resume that is pretty diverse

>>113989
So young, and so stupid.

Skill has nothing to do with success.

The crushing blow of reality is going to hurt. Prepare your anus.

>>113730
>how much did you start with?

If you mean, am I a trust fund kid, no. I was lucky to start my career with no debt, thanks to my parents, but none of my wealth has come from anything other than my earnings and my investments.

>>113459
Why would you live below your means if you've got 10M to spend? Live a little. Get a nice house, car, some girls and party a bit. What's the point of hoarding all that money?

>>113998
>Assuming Im a bright eyed college student just going to classes
Dont worry about me, I know what Im doing and I work hard

>>114024
Oh then it's ego?

It's nice to say, "I am pretty confident in my skills and I think I'll be able to land a good job after school."

But what you said is either stupid, naive or pure ego.

>>114039
My inital post was what you said, my responce was hyperbole in responce to criticism backed by assumption

>>114021
>Why would you live below your means if you've got 10M to spend? What's the point of hoarding all that money?

I plan to not work for the majority of my life. That could be as many of 50+ years without income other than investments. $10M may sound like a lot in the abstract, but its shocking how much you need to retire in absolute comfort.

>>113301
How old are you?

What is your job (if you don't want to answer because of privacy reasons, please tell me in what field you work)? What's your annual sallary?

>>114064

>>113963
>Im a good programmer so I definitely won't be unemployed after I graduate.

>ASSUMING

Part of landing a job is how you present yourself. The difference in what I said and what you ACTUALLY said might seem minor and harmless but it's not. Good luck.

Also, please understand that ACTUAL experience in a real world work environment CAN'T be taught.

>>114062
What work do you do? Do you have wife/girlfriend and kids?

>>114080
>130k in checking

WOW you are doing it wrong

>>114122

troll?

It says 130 million.

>>114101
I think you missed where I said I have real world experience doing things that are resume worthy. The only way I wont land a job is if companies consider interview 90% past work 5% and schooling 4% because I am not that great of an interviewer when in reality it is probably more like interview 20% past work 30% schooling/certification/qualification 50% for a first full time job

>>114164
>troll?

More like LOL

>>114164
legit as fuck

>>114080
so what do rich people think of beggars anyway?

a small amount would considerably improve my life, how does that make you feel?

>>114062
How did you start? Buying into ETFs? With how much?

>>114122
Million.

>>114164
Not a troll. I was born in a very rich family. I have no idea what to do with the money.

no big deal, just A MILLION DOLLARS ;)

Anyone saying they have more than $350-400,000 or so in actual cash I'mma have a hard time believing.

"What is inspect element?"

99% of this board are NEETs that will never live above the poverty level because they are too fucking lazy to do anything

>>114222
Give me 10k usd?
You didnt say >inb4 begging

>>114249
There are some jobs where you can basically be a wizard and make that much. So I dont doubt too much

>>114222
Well if you wanna cofound a new god tier crypto, lemme know

>>114330
you mean a new shitcoin pumpndump?

>>114203
>How did you start? Buying into ETFs? With how much?

Mutual funds. My earliest investments went into Vanguard's S&P 500 fund.

It took me a while to learn about proper portfolio diversification. If I could do it all over I'd start with a "Three Fund Portfolio" as described on the Bogleheads website.

>>114222
You're kidding right? You realize you can hire people to do this for you correct?

>>114345
Nah, shitcoin pumpndumps have no funding whatsoever. One with tv commercials and stuff would be god tier

>>114222
You should spare a financially unstable high school student some extra cash if you don't mind, it would surely help me a great deal.

>>114472
>high school student
underageb&

>>114497
>implying i'm not 18

>>113630
FFFFFFFFFFFFFUUUUUUUUUUUU.
What's your job man? And is it stressful?

>>113630
what ya do for a livin breh
and how the split?
50% work
30% investment
20% capital?

>>114364

How much money did you start with to start making serious trades?

You need significant principle to be yielding what you are describing..

>>114364
Question: once you get to be a multi-millionaire, what stops you from taking enterprise into your own hands via wise business startups that run themselves and/or property ownership and management?

Once you have broken into that wealth bracket it seems like such a waste to get babby returns that that years. One can easily buy up jointed land in more rural areas until you basically own entire towns.

>>114848
thats the plan for me atleast
buy a house with 2-3 floors
build a kitchen n bath on all floors
rent all floors out to different people, neverending money income

>>114917
Just make sure you set aside X% of revenue that goes back into properly managing and maintaining the property.

If you get caught in the cycle of being a shitty landlord, you will end up with shitty tenants who treat you property like shit and don't pay their rent. Keep it classy and professional at all times and be very discerning with who you lease to.

Don't contract out to lazy shitheads. Hire a great super or become one yourself.

>>114960
yeah, Luckily you can usually tell what sort of people you are dealing with if you meet them face2face
and also if they break something who take the bill? me or them? and if them, is there any legal matter that forces them to paying and not just walk out of the situation?

>>114848

Naw. Real estate is a pain in the ass. I have no need to take on added risk at this point anyway.

>>115016
Honestly it depends on a lot of factors. If you are leasing out you ask for a deposit for damages that are their fault. Usually if its trivial/cheap shit you should just let it go but if they fuck up the carpet or put holes in the walls, obviously they should lose the deposit.

Really though the best thing to do is keep them happy so they never move out and therefore you dont have to deal with having an empty space you have to waste money polishing up to lease out again.

Allow pets, seriously just allow pets. If you are worried about damages just add a non-refundable pet deposit. So so so many people are crazy about their pets and will never move out simply because they know how hard it is to find a rental unit that doesn't treat pet owners like shit. People will be glad to pay higher rent even if they can keep their dumb animals.

Also invest in re-enforcing walls and floors to soften sounds and banging if you have tenents sharing walls. Nothing makes someone want to find a new place like having to listen to noisy fucks above or next to you. Have a line they can call to complain about noise and follow-up with the offenders so they cut out their shit.

g-get on my level guys...

>>115100
...also although poor people do sometimes have pets, more than likely pet-friendly places attract white upper-middleclass yuppies who have the money to dote on their precious babies. Pets make a place feel more like "home" which is what you want to go for. If you have a no-pet policy you are literally forcing your tenants to move out if they want to take part in a common family practice.

>>114843
>How much money did you start with to start making serious trades?

My first deposit to Vanguard was $3000. I started small like everyone else. Then I kept adding and adding and adding

.>>114842
My net worth is about $12.5 million. About half of that is money I've made in my career. About $2 million is from private equity investments and real estate trusts. The balance is stock market gains.

>>115100
>>115130
thanks for great advice! im def screencaping this so i know what to do when i buy a 2-3 story house
and also, renting here in norway is expensive as fuk! 50sqaure metres cost around 2k a month but if i allow pets, as you say i will definetly have an animal deposit haha

>>115150
How often did you add to it?
How much on average have you added to it each time?
Also, S&P 500 or Dow Jones index?
How many different index funds do you have?
Can you say what your job is or at least what field it's in?

>>115150
What do you do for a living/ what degree do you have?

>>115268
>How often did you add to it?

Pretty much every time I received a paycheck.

>How much on average have you added to it each time?

My investments were never in set amounts or on a regular schedule. Basically any excess cash went into Vanguard.

>Also, S&P 500 or Dow Jones index?

S&P 500. More diversification is better.

>How many different index funds do you have?

Currently, about 40 total funds across all my accounts. About 65% are index funds, and 35% are actively managed, All are low-fee accounts.

I don't necessarily recommend this many funds for most people, but it works for me.

>Can you say what your job is or at least what field it's in?

Law.

>>115369
>Pretty much every time I received a paycheck.
Wouldn't it be better to do it every couple months or more? That way, to keep any kind of transaction fees low.

>Law
You make over $500k a year in law? Or you mean combined with investment income? Also, civil law or criminal defense?

Also, is it true most DAs, judges, or opposing attorneys are bribeable?

>>115369

were you always a tripfag or was that just a symptom of becoming rich?

>>115394
>Wouldn't it be better to do it every couple months or more? That way, to keep any kind of transaction fees low.

Most of my investments went into Vanguard. There are no transaction fees to purchase mutual funds directly from the issuer. I do have a brokerage account, but I trade individual securities very infrequently. Because of the size of my investments, I don't pay transaction fees on these trades either.

I'm not bragging, but pointing out that I assiduously avoid paying fees whenever possible. Fees kill returns.

>You make over $500k a year in law? Or you mean combined with investment income?

I'd rather not get into the specifics.

>Also, civil law or criminal defense?

Civil.

>Also, is it true most DAs, judges, or opposing attorneys are bribeable?

Never seen it once in my career. I practice exclusive in Federal courts, however. Its a very white-collar practice.

>>115369
How much do you make a year from your job?

>>115454
Would you recommend law as a career path?

>>115562
>mtgox withdrawal

>>115587
BTC isn't a scam, though, it's the wave of the future. My picture of my bank account history is proof

I could do better

>>114222
buy PND. buy every coin that somebody will sell, spend 1m-2m advertising PND across the globe. You have the power to change the world my friend. for a very, very small fraction of your net value.

>>113054
one billion gilllion pesos.

>>115538
>Would you recommend law as a career path?

Not necessarily. Its a tough field to get into, and brutally competitive. A majority of lawyers are not practicing law 5 years out from graduating law school.

That being said, there's a lot you can do with a law degree beside practicing law. So I don't go out of my way to dissuade people from going to law school.

£305.71 in my account.

And I'm 26 already.

>>115612
>Credit Card debt

Jesus man, get it together

>>115652

I pay off my credit card every time I get a paycheck. Are you retarded? Cash back? Not using debit for everything?

>>115631
Since you're pretty smart, I'll ask you this:

Say I could choose between a top-10 law school and a top-25 med school. Which would you pick?

>>115763
I'd go for the med school, and then study engineering there. Fuck medicine and fuck law

>>115798
b-b-but then i won't be rich

>>115821

Apparently not.

Not if you need someone to pay you a salary, goy.

>>115821
Meh, depends on how you define rich

>>115836
I want to do $3 mil settlements in civil law, not engineering.

Not proving anything but I own a third of an oil company. I bet I'm a contender.

Just started taking investing seriously the past couple months. Wasted a lot of years with mutual funds, but at 21 I have around $22,000 with another $5,000 coming in a few months from inheritance. Apart from that inheritance the $22,000 is all me.

>>115763
>Say I could choose between a top-10 law school and a top-25 med school. Which would you pick?

Law school. Top 10 law school would put you in line for a very lucrative associate position, and things can take off from there.

Med School is a longer track, and there are more variables that need to break your way. I'm not an expert on Med School, though, so I can only speak generally.

Either way is going to be expensive and demand huge personal commitment, so you also need to decide which career you feel more passionate about. They are very different paths, so surely one should attract you over the other,

>>115631
How old are you?

>>115631
>That being said, there's a lot you can do with a law degree beside practicing law.
Examples?

>>115763

Not him but the law degree seems like the way to go. There are so many ways to make tons of money if you are clever and ruthless. Being a doctor takes forever and you have malpractice endurance and you will probably have student debt to pay off, that makes it less lucrative than you might think there is certainly prestige though.

>>115855
doing what

>>113301
hey bro how did you get into stocks? How can I get into it (no current knowledge). Obviously the answer is "learn", but do you recommend any books or paper trading programs?

Also, what is the minimum someone should have saved up before they start investing?

i have $400 in a cigar box hiding in my closet

>>113400
filename brings us to your ebay account retard.

>>113549
>what is a TIP bond

investing in a long term security that accounts for inflation isnt a bad idea, but the yields are great either

>>113054
>muh daddy has money the thread

>>115931
drugs

>>115929

Lots of people want lawyers for negotiations. They are still using law expertise but it's not in a cout room or anything.

>>115967

Is that class envy I am detecting from you pleb?

>>115821
You don't get rich working for somebody else. You get rich paying people to work for you.

>>114222
>I have no idea what to do with the money.
Pay my student debts and buy me a house, then make me your personal servant.

>>115946
of course. he didn't get 2bil by sitting on his ass

>>113054
How many lives do you think this game has ruined?

>>115931
>>115969 Wasn't me.
But as soon as I turned 18 I put money into funds. The best thing I recommend anyone doing is setting up a pre authorized purchase plan. Takes $50 bi weekly, you never notice it leaving, but at the end of the year you got $1300 invested earning. I moved into index funds which I find is the best investment for anyone who is capable of a little risk. You make great returns, low mer's, and you don't need to actively manage them. If you ever get a chance to work 2 jobs for a short period of time do it. I've had multiple jobs since 14 and have never been unemployed since 14. If you get the chance to earn an extra $2,000 for working a second job during the summer do it because that $2,000 could turn into $3,000 with some good investments which puts you $3,000 ahead if you didn't decide to work. Money is worth more now than it is in the future because you can invest now. You can't invest future money.

>>116025
I made 6 figures buying and selling Runescape gold in college.

>>116019
Do you go for a pre-diversified index fund like a vanguard LifeStrategy for example, or do you have several different funds that you balance between?

Because where I am the vanguard LifeStrategy has an MER of ~0.9% which is pretty damn high.

>>115940
see
>>113570
and visit the Bogleheads site. Google will guide you.

>>116088
Vanguard's Life Strategy Growth fund has a fee of 0.17%. I believe you are misreading the information.

>>116043
>>116025
I was gonna say. Aren't party hats worth $1000 in real money?

>>116088
I'm actually with TD in Canada and I have money in the djia, nasdaq 100, s&p500. The mers are basically .31 .35 and .51. I have 2 mutual funds that have really high mer's at 2.82 but the returns are really good so I put up with them. I have a health and sciences mutual fund that made 4.5% in 5 weeks. This was even during that shitty economy earlier this year. I'm actually looking at trading off the djia index for an etf in healthcare. Just haven't decided on which one yet.

Come at me, fags.

This is what happens when you turn into an alcoholic.

>>116149
Note I said where I am, namely Australia. MER's are a lot higher here in general.

What I'm trying to work out is at what level of investment capital it would be worth switching to purchasing ETF's rather than using an index fund.

>>116168
>make kilju or your own cider with fleischman's
>get drunk AND save money

>>113481
>>116149

> I'm 90/10 stocks/bonds. Stocks are 50% large cap, 20% international, 20% small cap, 10% sector (health care, precious metals, etc.).

What kind of international companies do you invest in? Large/small cap? both?

>>116174
Depends on how much your purchase costs are. If you wait too long to get in you'll miss out on potential income. Say you invest only $2,000 and it grows 20% you're now at $2,400. Now say you wait until you have $3,000 saved. By then you could potentially lost out on $400 profit because you chose to hold off on putting money in. The lowest purchase I ever made was $2,000. To me I feel paying $10 for a purchase of $2,000 is fine as a growth of .5% already covers it that cost.

>>116216
Oh, yeah, I was never thinking of putting off investing so much as whether I'd be best leaving the money in an index fund until such a time as I had enough that it'd be worthwhile doing an ETF.

For anyone here that uses index ETFs; how often do you rebalance your portfolio, and how much does that tend to cost?

>>116243
Most brokerages charge the same commission for stocks as well as with etfs. All depends on your brokerage. I know some brokerages here in Canada even offer free etf purchases but the list you can choose from is pretty shitty and all the good etfs aren't included in the list so you have to pay the commission to get them.

>>113054

NSA please go.

>>116174
>Note I said where I am, namely Australia. MER's are a lot higher here in general.

Well, I learned something new today. I honestly had no idea that Vanguard charged higher fees in other countries.

I would think that ETFs are the way to go with fund fees that high. A spread of 0.5-0.7% is not trivial over the long run.

poorfag here atm

Hopefully this triples the upcoming weeks.

>>116207
>What kind of international companies do you invest in? Large/small cap? both?

Definitely both. Broad diversification into all asset classes is a corner-stone of the approach I use.

>>116322
>bank of america
get out of that shithole as soon as you can, anon.
trust me

>>113959

>bitcoin
>mtgox right now

no thx jew.

>>116334
not him but what's wrong with it?

>>116300
As I understand it it's primarily due to market size, basically an economies of scale effect.

Unfortunately I believe the ETFs as well have higher MERs than their American equivalents; total Australian stockmarket is only 0.15%, but small cap would be .30% for example. But yes, they do seem a lot more competitive by comparison.

>>116334
what bank do you recommend man?

>>116346
BoA is fucking terrible. I was with them for years because it was my first bank and I didn't see much other choice. Once you start looking at other banks/credit unions you'll realize how shitty BoA is.
>>116362
A credit union that doesn't charge you $35/day for overdraft and will not slowly steal as much of your money as they can.

>>116168
ahahhaha faggot why are u even here on /biz/?

>>113400
Now we finally know how much mootykins has made off 4chan.

Hey guys.

31 year old investment banker here.

>>116690
You're damn right I'm jelly.

>>113591
The "investment" is irrelevant. It's the $500k annual coming in that matters.

It's 1% dicks like you destroying my country.

>>116704
>It's 1% dicks like you destroying my country.
>destroying

You spelled "supporting" wrong.

>>116690
Is investment banking worth it and how much would you need to start off?

>>116154
Not sure on current prices. Highest I sold one for was about $2-2.5k for a blue.

>>115763

>picking med school ever

Why would you ever pick a career that one bad day could ruin you for the rest of your life.

>>116690
>live in canada
>think of all of our banks as community/social good companies who are just here to help
>think of american banks as evil exploiters

why?

>>115881
Med School you held heal people.

Law School you help wound people.

Don't be a scumbag lawyer like this guy.

>>116714
>Is investment banking worth it
Yeah it's worth it, it's almost like printing however much money you want into your bank account.

All you need to do is inspect various elements and the money will simply flow to you.

After you edit these various things it's like the money simply appears in your bank account when you load up the page in firefox.

So yeah investment banking is a good idea.

>>116756
>printing money into your bank account
>firefox
>inspect element
>edit

>>116756
How'd you get started in it? Fellow Canada bro here.

>>116813
>How'd you get started in it? Fellow Canada bro here.
I'm a liar you idiot.

I have maybe 2k in my account right now.

Anyway, I'm planning on saving a whole lot and starting a business developing apps soon.

>>116825
Sorry for thinking people posted legit things on this board. There's tons of investment bankers on here who actually have that, thought you might be one.

>>116756

I haven't seen trolling this good since fuckedcompany.com

>>116839
>There's tons of investment bankers on here who actually have that, thought you might be one.
Pretty sure they just did what I did.

>>116756
kek

>>116690
>not having 4% interest

>>116890
>>not having 4% interest
That would be nice.
How do I get that?

>>116911
fug

>>116901
live in NZ or AUS

Well, been trading for 2.25 years. 2013 was pretty good. +500%, not too bad i guess.

I have statements from my fund if that's alright...

Just put it here
Maybe some of you nice enough so I can trade more in Gox
1Mpt2LXgmpDgzmead81rHPxs1brh5mJciH

>>118372

Can you share your portfolio? What stock was the biggest percentage gainer?

>"rich"
>having the majority of your assets in some fucking bank account
>people fall for it

>>118713
Cash it

I have 22 Tril in bank. Want tip?

>>118713

Kicking yourself for not cashing out at 1k?

>>118770

This. Now. While you can. If you can.

>>118713
Transfer 5,000 to me and relieve yourself of that burden

>>116690
You're richer than you think.

Scotia sucks.

>>113474
you seem like a comfortable man, I hope one day to be this comfortable.

any of you guys ever make your money dirty? any OGs on this board?

>>118713
>oh wow
>it's nothing

Son, you don't understand how pump and dumps work do ya.

>>114222
Leave your money behind except like 6k USD and go on a trek across the globe, discovering the world, yourself, and the meaning of life.

One CD.. have a bunch more accounts

To all you successfags: where do you go for your information when deciding what to invest in?

>>113170
share with the poor
PZf2kp24bdcbyY5V
jjGsUk85TkN5p4rK5S

>>113654
>Buy and hold works.

Do you literally mean you've held things even though they've dropped significantly and waited until they've come back up (perhaps years later)?

>>119855
FactSet / Bloomberg... got rid of the Reuters bullshit, FactSet does a better job and the guys at FactSet are willing to do my work for me (building pita spreadsheets)

>>119916
What do you look for in a company?

I literally have £24 in my account.

hey richfags of /biz/ quick question that i dont think deserves its own thread.

if you were just turned 18, finished high school but not currently studying and you want to be successful money wise, what would be a better plan, move to the US and start working or manage to invest or work in a 3rd world country?

if i decided to move to the US i would start working in construction with a company my uncle built while i find a job in Computer Programming because its the only thing i really now how to really do

living in costa rica right now

>>119935
Strong financials (obvious answer). We do DCF projections 20 years out after we've set up a call through IR with the CEO/CFO of the target company to have our questions answered before we take any long or short positions. If the analysts like a company for whatever reason, they are asked how much of a position size (on a percentage basis) that they want to have in that particular equity. Biggest position would be around 4% of AUM. If we think the company is committing some sort of fraud like channel stuffing, we might take the short to ~5%, but no more than that. If the company (legitimate one) issues good news, we always buy on the good news. That is just free money that only stupid people don't pick up.

>>120046
What's your educational background, job, and how did you get there if you don't mind?

>>120165
listen nigga that dude could hold your hand and tell you what to do and you still wouldnt become as successfull as him. sure you can learn a few basic things but everything else is really on you fam

>>120165
Private no-name school unknown for business/finance, got my Bachelor of Science in Business Administration with a concentration in Finance from there. It's easy to find what school it is if you google me. I'll leave that to the dedicated people here. Since then, I've joined in on lots of MOOCs from Stanford, Wharton, Harvard (anyone can join them, so it is nothing special) -- the point is that I enjoy learning. I am starting my own company. Last one fell apart at the hands of a partner. Got here not by reaching out to people online that I was interested in working with.

>>120241
correction:
>Got here not by reaching out to people online that I was interested in working with.
should read:
Got here by reaching out to people online that I was interested in working with.

>>120230
Please, I'm in school and have saved more than every single one of my friends combined. I already have enough saved for a down payment of a house.
>>120241
>>120249
Thanks for the reply. I'm always interested to see how people got to where they are. How crucial would you say internships are? I'm going to try getting one next year. I want to eventually get into ib, do you know if it's true that if you have a history of investing that you're more likely to get in as you have experience of investing already? I read that somewhere but I'm not entirely sure if it's truthful.

Since this is becoming an investment general, I feel like this is a relevant question;

Is the increasing unemployment among teens and early 20s going to hurt the profitability of certain funds in the coming future? Or since their jobs are simply becoming automated rather than being just abandoned by sheer laziness, does it actually have little to no effect their unemployment?

>>113054
putting your whole life savings in one account
>we know op is broke

>>120338
Easily. If the unemployment rate is higher there will be less capital to be spent on goods and services which is how companies derive their profit. Firms will save money by automating but teens will and early 20s are going to be purchasing less. Sure they don't account for much of the total spending, but it will have some effect.

>>120316
If you plan on working at an IB, you should probably work on landing yourself some internships... the sooner, the better. If you can start working now, then do it now, and don't delay it until next year. You're "more likely to get in" if you have a history of trading, if you're applying for a trading position, which is different than investing. Investing (long term) is what financial advisers/planners do. Trading is what traders do (intra-day, weekly, short term, etc). Investment bankers don't really do "investing" in the sense you're thinking, in other words, you don't have clients coming into your office asking you "what's the best stock to buy?" Financial planners/advisers give this type of advice. A good way to compare all of these would be to Google "financial adviser vs investment banker" and replace each position/role with the ones you're interested in comparing.

>>120249
What industry do you work in?

>>120365
m-maybe we should give them spending money

>>120394
And you really want to be an Investment Banker of a Financial Planner/Advisor. The former is a pretty shady profession similar to Insurance Salesman where you work largely on commission trying to sell things to people that really can't afford it

>>120394
Makes sense. I did 3 years college in business admin but didn't really feel like I learned a lot. I'm in university now but just first year. My transfer credits take care of second year so by this time next year I'll be finishing my 3rd year which I feel will give me enough time to learn to do an adequate job to prepare for work. I've heard the exact same things as >>120425
A lot of people think down upon financial planners because they just go for commission. I'm more interested in the long term then the hectic day trading.
Thanks for the informative reply.

>>120450
If you want a head start on i-banking, then study this and know it inside and out. It will also help you with understanding the material in your business classes. After you've mastered this, you can pass the Series 79 exam and be an i-banker. Let me know when you've downloaded it so I can delete it:

https://mega.co.nz/#!BI4SxbDI!SrOG1BROEVld4m1jm_Rgvnjz84tMvQUpE1rH_rR0kRY

>>120480
I'm in Canada, so this wouldn't really apply.

>>120480
*yoink*
Iz gona be rich nao nigga

>>120497
Alright. Deleted

>>120506
but I wanna read it too :(

>>120500
Whoever you are, enjoy :) you are one of the lucky ones who got it before it was deleted. I normally don't give that out.. and the company that publishes it keeps a very tight lock down on that file. You will either have extreme difficulty or won't be able to find that file anywhere online. And the only places that DO have it, want a lot of money for it.

>>120530
heheh nice. I'm trying to get into economic knowledge in general so i don't really know what this file is about, but Ill definitely read through it, might pickup something.

File is safe anyway. if its of any relevance.

>>120530
I kinda wanted it too, but this all sounds like one of those tricks where you force exclusivity to make people feel like they missed out, giving them a strengthened, irrational desire to get in on it too, and making those who got in on it feel like the information is more valuable or trustworthy than it actually is.

Not buying that shit. The most trustworthy information is information that doesn't need to be hidden from anyone.

>>120530
>https://mega.co.nz/#!BI4SxbDI!SrOG1BROEVld4m1jm_Rgvnjz84tMvQUpE1rH_rR0kRY

i missed this thread until the brag about this file afterwards. Does this mean i'm fucked? Oh well, time to lurk more.

>>120535
>>120600
Second chance. It will be deleted at 2:08 PM EST. I will not be posting this again.

https://mega.co.nz/#!UcpCVQCJ!SrOG1BROEVld4m1jm_Rgvnjz84tMvQUpE1rH_rR0kRY

>>120619
>https://mega.co.nz/#!UcpCVQCJ!SrOG1BROEVld4m1jm_Rgvnjz84tMvQUpE1rH_rR0kRY

so this is just a cheat-sheet normally sold for hundreds of dollars yeah? It's just a basic overview of the subject at hand and what to expect in your series 79 test. Is this even relevant to anyone outside of the US?

>>120619
Thanks for reposting. It has a lot of good information in it.

>>120632
It is not a cheat sheet. It is a comprehensive book on investment banking, specifically for the Series 79 exam. It's completely useless outside of the United States. If you study this book, and you're in the US, you will be on your way to making that IB-money

>>120632
This. It's a somewhat dense summary of the curriculum covered by the Series 79 exam, which is pretty handy, I guess, but I'm not getting the exclusivity at all. Unless there's some digital signature they can use to track you down and sue you for distributing copyrighted material, it's no different from sharing any other ebook.

>>120655
Alright, well since I don't dwell beneath the star spangled banners, I'm just going to save it until I decide to migrate there and live out my long-held dreams of becoming a megarich investment banker.

Cheers for the free content though, much appreciated.

>>119246
I am a tripfag, idc... gonna keep doing it until rules are modified, if ever

>>119848
cool $5 profit homo

>>119913
>Do you literally mean you've held things even though they've dropped significantly and waited until they've come back up (perhaps years later)?

Yes, that's exactly what I mean. No one is smart enough to predict the market highs and lows, so any attempts at timing the market are more likely to harm your returns than to help.

Sure it sucks when the markets are down. I lost over $2 million (on paper) in October 2008. But I didn't panic, and I was back in the black by April 2009.

By contrast, most of the scared sheep who took their money out of the market in 2008 not only lost on the plunge, but missed the incredible rally that followed. They fucked themselves pretty bad.

You have to keep a long-term perspective on the markets. What happens in one year or even over a few years just isn't relevant. What counts is the long-term trend. And long-term, the markets ave always gone up.

>>120727
oops wrong thread... meant to reply to >>119524

>>120666
Also, I googled the name of the book to see if it's really that rare. Found it on amazon, and it's indeed pretty expensive, at $300. And it got a total of 4 reviews, all which gave it 1/5 stars, referring to mistakes and failure to cover the full scope of the exam. Seems really fucking fishy. This is why I won't trust people just because they claim to be rich and know what they're doing. No one can advise you better than your own skepticism.

>>120769
Interesting... I just found the amazon reviews you mentioned. Book does have a user rating of 1 star. I am curious what the mistakes were... too bad the poster didn't mention it. There are a number of other guides out there, but they are all very expensive and difficult to find. This one that I posted was that publisher's most recent one. This book is only 200 some pages, compared to the other ones they have which are around 700 pages. It's either the content is lacking, which I don't think is the case, or the people who complained simply didn't study well enough. Who knows

>>116704
>States a non problem
>claims its destroying a country
pleb tier reasoning

>>116718
This isnt how it works
Nobody gets sued for malpractice unless theyre an asshole to their patients

>>113998
>skill has nothing to do with success
this is what's wrong with the capitalist world

>>116718
You are paid not to have bad days.
And half of your income goes into insurance.

>>120769
What was the name of the book? Got here a bit late.

>>121474
Kaplan's Series 79 License Exam Manual

Just don't go buy it just because some guy made it seem really rare and desirable.

>>121510
It is rare online to find it freely available, but apparently it's not that desirable according to the 4 or 5 ratings on amazon

>>113400
Marl Cuban??

>>113301
>>113459
>>113481
Hello iHaz, fellow Boglehead here. I don't understand how you could have gone from 2million to 10million when 100% stocks haven't even yielded a return that high. You in emerging markets or something?

>>120731
What does it feel like to be so rich? I likely will never have that much money as you, but im curious if you feel superior to the common man? What does it feel like to realistically never have to worry about money again?

>>116717
>>116154
>tfw runescape account with a full phat set and some other crappy rares (disc, half wine)
>i made the recovery questions: "input the answer to question 1" instead of real questions
>lost the slip of paper with the answers back in 2006
>never getting back into that account

TDA acct, I also have an IB acct with 140k(ish)
Not bad for a 20 year old, could be better. I started trading at 14 under a friends name with 5k if you are curious

>>121596
>I don't understand how you could have gone from 2million to 10million when 100% stocks haven't even yielded a return that high.

The chart show portfolio balance, not just investment performance. Therefore it includes new purchases made during the relevant time period. I continue to add to my portfolio as often as possible.

>>115454
>I do have a brokerage account, but I trade individual securities very infrequently. Because of the size of my investments, I don't pay transaction fees on these trades either.
I've never heard of a brokerage firm giving free trades for large transactions. Not a direct market access broker anyway. Who's your broker?

>>121666
If you add liquidity to a stock IB may actually pay you a tiny amount to do so

>>121677
Yes, you can get liquidity rebates from the ECN. But you would still need to pay a commission to your broker for the trade.

>>121636
What's your strategy?

>>121707
the rebates have eclipsed the cost of the trade in many instances for me at least

>>113481
seriously impressed, two questions for you my tripfagging friend: How old are you? What do you do for a living? Obviously even if you don't work now you must have had a pretty lucrative job to allow you to invest so much?

>>121666
>I've never heard of a brokerage firm giving free trades for large transactions. Not a direct market access broker anyway. Who's your broker?

I get free trades due to my large balances, not due to large transactions. I have my brokerage account at Vanguard, and due to my substantial holdings there, they offer a variety of financial perks. Free brokerage trades are one of them.

>>121745
Fair enough. Interested to hear why you like the three fund portfolio so much?

Also, how often do you rebalance?

>>121719
To be honest I started with pennyshits, I had a few friends in OTC that use to run bs pumps and I front loaded until I made that money to the point where I could get a margin and day trading acct. Once I had 24k I switched over to all in daytrades based on TA and sometimes weekly options with setups I liked.

After I got to around 50k I went to biotech swing trading, I played run-ups into catalysts.

Now with a significantly higher wealth I have gone to more stable and higher dicy paying investments. That isnt to say I dont dabble with some of my older strategies but no more than 10% of my money at a time in high beta.

>>121779
divy* not dicy

>>121779
Interesting. You actually front run pumps? That's pretty illegal mate. IB tends to have good locates so you should be able to short them sometimes. You're biotech strategy sounds similar to BioRunup. You know Mike?

>>121794
Used to, I have some of my older connections still but hardly talk to them. Most of what goes on in stocks weather its on pennyshits or bluechips is inside trading and highly illegal.

Yes I know Harvillia and the like. The strategy works quite well, but needs to meet criteria
1.) a good chart is a must
2.) financing issues out of the way
3.) good management
4.) a hot catalyst (like oncology or genetic disorders)

>>121816
How did you have connections to pumps though? You got friends in Vancouver or something? Who was the outfit? Awesome Penny Stocks used to be good as did Best Damn Penny Stocks. Also, what were the tickers?

>>121845
Im going to leave out the specific details of what I played. I actually still know a few of what BDPS will run but never play it.

>>121764
>Interested to hear why you like the three fund portfolio so much?

Because its a simple, cost-effective strategy that it pretty accessible for new investors. Even if they don't fully understand the importance of diversification, index investing, tax management, and fee control, they get all those benefits anyway.

It also allows new-ish investors to let their own risk tolerances influence their portfolio allocation. More risk-adverse investors are free to increase their bond allocation, while riskier investors are free to increase either of the equity components. Its still a simple approach, but customizable nonetheless.

>Also, how often do you rebalance?

I don't really bother to re-balance in the strictest sense. I take a close look at my allocations maybe twice a year, but I have mostly been able to keep close to my target allocations through new purchases alone. I try not to sell anything unless the percentages get really out of wack. My taxes are already high enough without added even more capital gains.

>>121860
Fair enough. I remember playing LEXG. I made like 500% on it lel

I wish we had more pumps like that and not the one day failures that happen all the time now. Also, IB are too slow for executions because they don't give direct access to market makers. Prefer Speedtrader.

>>121886
I used to have suretrader before they were shit.

LEXG was great. Well APS in general knew what they were doing, but I dont blame the original management from bailing. I would have too. The penny market is garbage now, if you put weed in your pr you got up 100s of percent... its insane.

>>121876
My only problem with three-fund is I don't like the currency risk that comes from holding foreign securities. Otherwise, I think it's a great portfolio.

I see what you mean about not selling due to the tax consequences. I don't understand some Bogleheads, they rebalance every year which I think is crazy. Not just because of taxes but because of transaction fees too.

>>121909
I agree about Pennies dying, SEC got all strict in the last few months.

I have an account with Suretrader. How come you don't like them?

>>121931
Short inventory isnt as good and less reliable overall, plus too expensive.

>>121937
>Short inventory isnt as good
Really? ETC gives me locates for so many stocks. But yea, I don't really play pennies anymore so I don't know about those. I agree that they're less reliable but IB's customer service is a bit of a joke. They're great for costs though.

>>121958
for otc their inventory isnt the same.

What are you trading these days?

>>121876
I have a question about a three-fund portfolio or other similar investments.

I've heard suggestions to hold tax-inefficient funds in tax-sheltered accounts (like my roth IRA.) But .. isn't it suboptimal to have all of my bonds in a tax-sheltered account and most of the rest of the stocks in a normal account? Doesn't that mean most of my growth will be in a non-tax-sheltered account?

>>121979
Changes everyday to be honest. Mostly NASDAQ, sometimes NYSE. I'm just riding the momo stocks. Usually stuff with some kind of a catalyst but not always. Basically I'm looking for plays from biggest percent gainers/losers and hod/lod list. Do you still actively trade?

No, but I can guarantee i'm one of the poorest.

Wiped out most leaving my family home, only to come back after I was given false promises.
What a costly mistake that was.

>>122012
very much so

>>121916
>My only problem with three-fund is I don't like the currency risk that comes from holding foreign securities. Otherwise, I think it's a great portfolio.

I'm not sure how long you've been in the markets, but don't let recent years skew your perspective. Internationals have been pretty rocky recently, but they were star performers a while back. Everything is cyclical. You'll be kicking yourself if you don't have them in your portfolio when that happens.

Also remember that Internationals provide a systemic hedge against U.S.-only market issues. Granted, there hasn't been much need for a U.S. market hedge recently, but no one knows what the next 10-20 years might hold.

That being said, there is a wide window on International allocations. You can probably make a good case for anything between 10-40%, which gives the individual investor a LOT of room to select their comfort zone.

>I see what you mean about not selling due to the tax consequences. I don't understand some Bogleheads, they rebalance every year which I think is crazy. Not just because of taxes but because of transaction fees too.

Fund-to-fund exchanges don't incur fees (assuming we're talking about no-load funds), but yeah I never quite understood people who insist on strict rebalancing without considering all the consequences. I guess maybe they make it a firm rule to avoid the temptation of second-guessing the markets and trying to ride hot sectors year-after-year.

>>122028
I agree about international giving you more diversification and the benefits. But aren't those securities actually denominated in a foreign currency? So even if you make a 20% return on the stocks, if the currency moves 20% too, you've technically made 0% right? That's what makes me feel uneasy. Also, I remember Bogle saying that owning something like VTI is good enough because that itself gives you international exposure due to the way business is now done these days.

>>122007
>I've heard suggestions to hold tax-inefficient funds in tax-sheltered accounts (like my roth IRA.) But .. isn't it suboptimal to have all of my bonds in a tax-sheltered account and most of the rest of the stocks in a normal account? Doesn't that mean most of my growth will be in a non-tax-sheltered account?

The principal behind the strategy is to control WHEN you pay taxes on your portfolio. You can't avoid the taxes altogether, but you can control when the tax bill comes due.

So called tax-inefficient funds are called that because they throw off a lot of current income through dividends and capital gains. During your earning years (the years that you have employment), you shouldn't need any additional current income because your job earnings will cover your expenses. Indeed, extra current income is usually bad, because you're already in a higher tax bracket due to your job earning. So we try to avoid extra current income by putting these funds in a tax advantaged account.

In retirement, you won't have job earnings and will therefore likely be in a lower tax bracket. Stock income during these years is therefore less costly to you. You can also exercise some control over the capital gains you incur by choosing which assets to sell in order to generate income. Without your job income pushing into higher tax brackets, you can be a bit more efficient.

>>122130
So right now I have about 17.5% in my Roth IRA and another 9% in my 401k. I want about 20% in bonds right now. Do you think it's actually reasonable to put 100% of the bonds in the tax sheltered accounts then, to reduce present income?

>>122077
>So even if you make a 20% return on the stocks, if the currency moves 20% too, you've technically made 0% right? That's what makes me feel uneasy.

Currency swings can go both ways. So 20% foreign gains could go to 0%, or could go to 40%. Indeed, part of the hedge function of International funds is the currency effect.

I should also note that there are currency hedged International funds out there. In addition, many actively managed International funds employ a de facto hedging in their investment allocations. Expect to pay higher fees with either of these options.

>Also, I remember Bogle saying that owning something like VTI is good enough because that itself gives you international exposure due to the way business is now done these days.

Yes, it is true that many U.S.-listed companies derive a large portion of their earnings internationally, effectively giving you indirect "international exposure." Of course these companies -- and therefore you -- face the same currency risks as if you owned an international company directly. Since U.S. companies report in U.S. dollars, you can;t avoid currency risk.

I'm not trying to persuade you to do or not do anything. That being said, the standard portfolio model advocated by Bogleheads is there for a reason. And it hasn't changed much over the years for a reason. What you do with that information is up to you.

>>122198

Short answer, yes. My SEP-IRA is like 50% bonds and 50% actively managed sector funds (very tax inefficient). On its own, it looks HORRIBLY unbalanced. But combined with all my other accounts, it works out to my target allocations.

>>120731
Doesn't this mean that, technically, I can put money anywhere and see it grow if I'm just patient enough?

>>122316
>the standard portfolio model advocated by Bogleheads is there for a reason
Are you referring to the Three-fund portfolio? Sorry for my ignorance, I'm still relatively new.

>>122406
Thanks. I was thinking about doing this but it seemed really weird to me. I've been wanting to talk to someone about it for awhile to make sure I wasn't off base.

>>122406
What would you recommend to those of us new to investing? I pretty much went straight into stocks (to be honest, I didn't know what else to do). Been mildly successful but nothing life changing.

>>119838
wait what

how come i have heard nothing about this? i have friends with a lot of bitcoins

>>121613
what I'm more interested is why do rich people want to be even more rich, they can already have everything they want, why want more?

>>122416
>Doesn't this mean that, technically, I can put money anywhere and see it grow if I'm just patient enough?

You also have to factor risk. Eventually, you're not going to be able to tolerate large swings up and down. This is why most people move to more conservative portfolio allocations as they get older/closer to retirement.

>>122436
Simply stated, the standard model advocated by Bogleheads and others is an appropriate split between bonds and stocks, with stocks appropriately split between large cap, small cap, and international.

The Three Fund Portfolio is one example of how to implement this model.

>>122492
Investing isn't supposed to change your life. It's supposed to grow your wealth slowly and safely over time so that you can retire without having to say "Would you like fries with that?" when you're 70.

>>122568
I hear that but, to be honest, I want to have money long before I retire.

I usually watch some good performing stocks for drops due to stupid reasons (investors panic at the first sign of anything). Last time was Lulu Lemon dropping 10% or so because, even though their numbers were solid, Day announced she was going to step down in the future. She hadn't even packed her bags yet, there was no replacement yet, the numbers were good, and everyhting was fine but investors freaked at the news and sold everything.

I bought and turned an 8% profit a few weeks later.

Sadly, I don't find enough of these plays. Although I stand by monitoring investor sentiment over number crunching as an effective way of making money. A lot of people have become very rich off bullshit companies with awful sales in the past.

>>122644
I've wondered for a while if this is a reasonable investing strategy, considering how often you hear about irrational behavior in the stock market. I don't have that much faith in it, though, because if this irrational behavior was as obvious to spot as it sounds, there would be way too many people getting rich off it. My guess is that we usually identify the "obvious" irrationality in hindsight, and it's very difficult to consistently see it right when it's right before you.

>>122883
Agreed, although I think it's easier to spot from the outside. Seeing as how I didn't own and LULU, I didn't care that their star player was leaving. I was able to look at it rationally: profits are good, no big problems, she simply said she was going to leave and has yet to do so. Even if her departing dooms the company, why should I care now that she's still there? What is the difference between today and yesterday? We all knew that sooner or later she'd leave. She's not immortal. See what I mean?

>>114222
>no idea
Don't be an idiot and waste the money. You're parents, their ancestors or someone up the line put in the hard work in for that money. Don't forget that, and don't let it go up in smoke.
Don't waste this rare chance buddy
Honestly, even if it's not this much money if my kid wastes my money I'd be pretty upset.

>>123066
Adding to this, don't waste it on charity bullshit, whatever you do keep it in the first world would be my only personal request.
-same anon

>>121071
You're not wrong.

i have 10 euros in my pocket

Get on my level folks.

>>123728
You're doing it wrong.

IHaz, I have a somewhat personalized question hopefully you can answer it
otherwise please feel free to email me at
kennethsbateman@gmail.com

I will be working for an investment firm known for their mutual funds. However, i am more keen on investing in Vanguard.

Would I have any luck if I only had 10-15k to invest with? I am mid 20s and only make like 30k or so a year but expenses could be low (I spend a lot of miscellaneous atm). If vanguard, which one is the 500 S&P Index? Should I just invest in the moderate growth fund? Should I try to invest in to my own company's mutual funds?

Thank you so much

>>124325

As I've stated before, your first priority should be establishing an emergency reserve of at least 3-6 months expenses in a savings or money market account. Don't touch it unless your life, home, or credit score is imperiled.

I recommend Vanguard funds and ETFs because they are low cost, and because Vanguard offers a wide variety of funds. That being said, Vanguard is not necessarily better or worse than other fund families. Schwab and Fidelity are essentially equivalent to Vanguard these days.

Not knowing your company's funds or the fees that you would have to pay, I can't comment on that alternative. If I had more information I'd be happy to provide an opinion.

I don't recommend starting with a S&P 500 fund. It's simply not enough diversification to be your sole investment. Look into something like Vanguard's Life Strategy or Total Retirement funds if you need a one-stop solution, or research the "Three Fund Portfolio" if want to decide your own portfolio allocations.

The amount that you start with is not relevant. What is important is that you (a) start investing early, (b) diversify into all market segments, (c) buy and hold (withdrawing money only for the purchase of a house), and (d) pay attention to fees. This is the basic recipe for investment success.

>>113054
$20 in my fucking savings account.

>savings

There's more in my wallet.

>>124532
For confidentiality reasons, i don't want to list it and have it be traced back to me. But it starts with P and is located in Boston. The CEO is a hefty man.
Thoughts now?

Well isnt' the point of a mutual fund is that it provides much if not all the diversification that a typical (not well informed) investor needs?

And sorry if I'm new, the buy and hold - isn't the idea of mutual funds (new to this again) is that you just have the money compound over 20+ years then pull it out?

The fees are suppose to low since Vanguard made it the industry standard at this point. Bogle did say only 1 out of say 250 (either money managers or companies) actually beat the SP 500 over the course of 25 years, taken into account management fees of course

>>124945

Yes, I think I know the company to which you are referring. I cannot recommend them because they offer only actively managed funds (as far as I can tell) and their fees are relatively high. Doing some quick research, most of the P funds have expense ratios 1.0% to 1.5% higher than a comparable Vanguard fund. They also all seem to have a front-end load (sales charge, in some cases in the range of 4-5%. Those kind of fees are a massive drain on long-term performance. I, personally, would never buy a fund with those kinds of fees.

Moreover, the core of a sound portfolio should be index funds. I'm not against active management entirely, but as you note, most advisers do not beat their benchmarks over a sustained period of years. Why should you or I pay all those fees to an advisor that is in all likelihood going to under-perform the benchmark in the long-run. It's just stupid.

Finally, yes all mutual funds have a built-in element of diversification in that they will own many stocks. But diversification also means owning a piece of all market segments -- bonds, large caps, small caps, and internationals. An S&P 500 fund will give you a diversified basket of large-cap stocks ... but no bonds, no small-caps, and no internationals. That's why I said its not a solution unto itself.

>>125160
Thank you. Well, sure with that in mind....

I was hesitant about investing into the company but I'm positive that the 401k when I can be a valid candidate for it (think after a year of work, maybe immediately, I forget) is invested into their mutual funds. The company also probably offers some employee discount for investing into their funds but then again, even with that in mind, Vanguard may still be cheaper. I am very aware of the compounding power of $ potential that is stripped away with management fees.
However, I do think P's money managers are very talented - they do rate very highly on Barron's, etc.

My goal was to invest in mutual funds. So let's say I have the 15k. Should I invest it in $3k each (minimum for each Vanguard fund) into the following:
1) 500 Index Fund, 2) Total Bond Market Fund, 3) Balanced Index Fund, 4) Total Stock Market Index Fund, 5) Total International Stock Index Fund.

Or should I just go ahead and dump 15k into the Vanguard Moderate Target Growth fund whilst satisfying the Admiral status (10k invested)?

I am not worried about the emergency funds because I do live with my parents and they can take care of those needs. I also have the luxury of living at home which saves tons of rent, utility and food (both the preparation process which is timely and buying it).

Thank you again.

Should you wish to talk on email I am still available, kennethsbateman@gmail.com. There's an IM feature that I can use

Best,

>>125160
I wish I could work in an investment bank, hedge fund or as a Private Equity analyst
That's what I get for not taking my education seriously :(

that's another topic lol

What's the chance I rise from a customer service rep (not general customer help but tailored towards product information) to something worthwhile? I think an analyst or money manager is out of the question for now. I honestly just want to make 70k, I would be pretty happy with that number right now

>>125195
>>125246

I don't have anything against P in particular, but I just won't pay fees that high to anyone. Especially not a font load. That's all I'll say on the subject.

That being said, you should not pass up the opportunity to invest on the 401k. Especially if there is any kind of matching. Even without matching, tax-deferred investing is the best play possible. Always, always, always maximize your contributions to a tax-advantaged account every year.

I understand what you're saying about living with your parents, but part of financial independence is not relying on someone else in case of trouble. I think you should think hard about having an emergency fund.

Your sample allocations include some unneeded overlap. Total Stock Market already includes the S&P 500 Index. The Balanced Index includes both stocks and bonds, so is arguably duplicative of Total Stock Market and Total Bond Market.

The way to to this is to decide on the your allocations first. What percentage of bonds do you want? What percentage of internationals do you want? Etc. Decide these questions, then buy the funds to meet your target. You really only need three funds to start (Total Stock, Total Bonds, and Total International).

If you don't feel comfortable doing the allocations yourself, then something like Target Growth is fine to start. Take the time to learn more, and you can always change funds later.

>>125195
Total Stock Market is better than 500 Index for diversification purposes, so little point getting both of them. They have lots of overlap and similar rates of return since the S&P 500 is like 75% of Total Stock Market.

As for one-fund options, you would be better off with the more aggressive LifeStrategy Growth Fund instead of Moderate Growth. The younger you are, the more aggressive you should be. This current market is overvalued and due for a correction, though, so you might want to establish an emergency fund anyway for when you move out instead of saving up for one later when the market may be better valued.

Another consideration is to buy Total Bond in a Roth IRA and Total Stock + International Stock in a regular taxable account for better tax efficiency.

>>125195
>>125246

Getting to Admiral level is definitely a nice boon. Consider yourself lucky ... when I started at Vanguard it required $50,000. The fee difference is small, but as noted above, I hate paying fees.

Finally I can't provide any insight on your job prospects. I don't really know how those companies hire or promote. I do wish you well though.

>>125319
Well, I read some Bogle thing about taking your age and using that as the % of your overall investments for bonds (obviously tinker that number up or down depending on your risk profile).

So for me I am 23, for the sake of convenience, I would probably employ 80% stocks 20% bonds. I remember reading that admiral shares weren't that big a deal say you save $12 out of $1000. It's still money, I suppose.

I honestly don't know enough about dividing the rest of stocks/bonds into international/large cap/small cap, etc. classes

I think I like the company a lot but I don't think I like them enough to invest in them for m'funds. I definitely will take their 401k match. I'm not sure if I should honestly use a 401k, Roth 401k or a Roth IRA. They all have the pros/cons where I remember learning that Roth is generally better for individuals who expect to earn more over the course of their lives. And yes, there is matching. It goes up pretty high. However, like I said, if I make 30k, it makes no sense to dump 17.5k (the max) into my 401k. I suppose I can throw enough in there to get the match (think 10% is the max but that's if you work there forever).


>>125332
You're right. I think it's just that I've been reading Bogle's book and he keeps pushing the SP 500 more so than Total Stock Market. If/when I invest in Vanguard, I'll just go with the Total Stock Market (thanks!)
I agree with the being more aggressive whislt young, I'll make a note of LifeStrategy Growth Fund. Hm, so with the market being overvalued - when can you properly establish what time is appropriate to jump back in and invest?

Honestly, I would need a full time maid to receive the benefits that I have at my current housing situation set up (lol). But certainly you and iHaz is right about setting up emergency funds.

>>125339
Thank you! I just want to be dignified at my place of work and grow to a better position so I can hand people a business card like in American Psycho!
(lol)