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Past Time to do some Investing..ILM huddlers heyoo

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I have the means and opportunity to start building some investments/stocks etc.

Few questions.

Do I need a person to do this for me?

Do you have a recommendation?

Suggested reading?

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Long term, short term?

 

I try to keep it simple.  Set up an account and don't be a "day trader".  Buy good stuff, and let it sit.

 

That said, I think that the market is over bought right now, and I am not investing in anything other than rock solid stocks.

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A friend of mine who has made some money in the market told me to always invest in companies and that make products you like.

I haven't had the chance to invest personally yet, still in college ATM.

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Pretty much the only thing I've invested in is my kids, my house and my 401K, and in that order. Not much advice here... I probably need some myself.

I would say that in general... unless you're in that business yourself, get some help.

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I have the means and opportunity to start building some investments/stocks etc.

Few questions.

Do I need a person to do this for me?

Do you have a recommendation?

Suggested reading?

 

Your key now is getting a diversified portfolio. Big cap, small cap, international, some bond, real estate, precious metals, commodities, dividend stocks. The only work you have to do is investigate the funds you want (your online broker should make this easy) and not putting too much in one bucket.

 

There are tons of books on building a diversified portfolio and they all pretty much say the same thing.

 

This is easy to do on your own and you can't really screw anything up too badly.

 

I think where you want to get a guy is for the niche markets. My uncle for example invests primarily is small regional banks. Once I am happy with my portfolio I will give him some money to invest because he has me beat for sure on knowlege of that industry.

 

If you play individual stocks keep it simple and read a lot. 

 

I have invested in NLY and Oil over the past two years as far as individual stocks and that is plenty.

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My father is a broker, but i hardly pay attention to him when he talks about it. Last time i did a couple months ago he just said he had people buy stock in utilities because they were the safest. He also said Garmin is a good company he had people invest in.  You need to feel comfortable with your broker though, some people will just put you in stuff that makes them more money, but isn't necessarily the best for you. But i hardly know anything about these things so...

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Your key now is getting a diversified portfolio. Big cap, small cap, international, some bond, real estate, precious metals, commodities, dividend stocks. The only work you have to do is investigate the funds you want (your online broker should make this easy) and not putting too much in one bucket.

 

There are tons of books on building a diversified portfolio and they all pretty much say the same thing.

 

This is easy to do on your own and you can't really screw anything up too badly.

 

I think where you want to get a guy is for the niche markets. My uncle for example invests primarily is small regional banks. Once I am happy with my portfolio I will give him some money to invest because he has me beat for sure on knowlege of that industry.

 

If you play individual stocks keep it simple and read a lot. 

 

I have invested in NLY and Oil over the past two years as far as individual stocks and that is plenty.

 

My biggest issue, as it was a limiting factor in the past but less so now, is the amount I have to throw into it every month. I have State pension plan going, but I hope to be leaving that in the next 2 years. So I figure if I can start something small now I will have a base to add to.

 

Does that make sense ?

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Long term, short term?

 

I try to keep it simple.  Set up an account and don't be a "day trader".  Buy good stuff, and let it sit.

 

That said, I think that the market is over bought right now, and I am not investing in anything other than rock solid stocks.

 

Account where?

Like eTrade or some such?

 

 

Long/short/cheyeah

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Besides what goes to my 401k, my main other investments are Cam Newton cards. Please Cam, be the best QB ever.
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Open a Krispy Kreme on Eastwood near Cardinal, in that abandoned Kwik-E-Mart by the kayak place. You'll make millions. Tourists and drunk college kids.

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Account where?

Like eTrade or some such?

 

 

Long/short/cheyeah

 

Check out trade king instead of e-trade.

 

I like power companies for long term especially if they pay a dividend.

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My Edward Jones guy is killing it for me...

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