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Past Time to do some Investing..ILM huddlers heyoo

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Posted

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 ?

 

Sure. With trading fees so low you can put a little away each month.

 

I would put a few months of living expenses in a low risk fund as your emergency cash if you haven't already. When you are happy with that you can branch out. Maybe start with a blue chip fund and go from there.

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Posted

Humble brag///->>> My little brokeass household will have one debt (House) left here shortly.

 

and the House will be paid off well ahead of schedule.

 

/flex

 

 

Such is what caused this thread.

Make money work for you, etc etc

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Posted

give me your money.

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Posted

Humble brag///->>> My little brokeass household will have one debt (House) left here shortly.

 

and the House will be paid off well ahead of schedule.

 

/flex

 

 

Such is what caused this thread.

Make money work for you, etc etc

 

Good for you man.

 

Duke power is a good one, and you are a customer.

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Posted

dollar cost average into an accout with trade king(fuzz mentioned earlier). I suggested them a few years ago for their costs, research and interface online.

and no i don't work or have anything to do with them.

 

can share more later. im still working for the man so....

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Posted

I personally like to look for companies with high Dividend Yield.

 

If you have enough to invest, there is a theory out there that you take the top 10 companies on the Dow 30 with the highest dividend yield, invest there. Then every year re-evaluate and change to that years highest dividend yield companies.

 

The problem is, the dow 30 are strong companies with high stock prices, so you'll have to have a good chunk of change to do that process.

 

 

 

I didn't, so invested in companies I did research on, trust and have good reputation.... And high dividend yields. 

 

 

 

 

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Posted

You don't make money off stock prices going up. That's why so many people got fooled with the Facebook thing.

 

You make it off your dividends.

 

 

 

 

 

 

 

 

 

I guess you can make money off stocks going up, if you have spare millions to invest where a penny or two makes you thousands, instead of a penny or two.

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Posted

I personally like to look for companies with high Dividend Yield.

 

If you have enough to invest, there is a theory out there that you take the top 10 companies on the Dow 30 with the highest dividend yield, invest there. Then every year re-evaluate and change to that years highest dividend yield companies.

 

The problem is, the dow 30 are strong companies with high stock prices, so you'll have to have a good chunk of change to do that process.

 

 

 

I didn't, so invested in companies I did research on, trust and have good reputation.... And high dividend yields. 

 

its called dogs of the dow

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Posted

i'll be following this thread if it goes on for a while. i have lofty financial goals that involve moving through several different financial brackets in a relatively very short amount of time, so i need to work my ass off and make good investments over the next ten years or so. i just paid off my first house right before my daughter was born, so now it's time to start pumping cash into another housing project (that's the most immediate way for me to effectively invest, since the housing market is still pretty bad and i can scoop up foreclosures for fairly cheap, toss some renters in them, and sit on the property until the economy improves.)

 

i want to diversify though.

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Posted

philly this book is my go to book i always give friends or suggest when they want to learn more about investing.

 

its nuts and bolts with great graphics and charts to teach you a solid foundation. then, once you get the basic concepts down, it makes you an even more effective investor because you know how things are interconnected.

 

http://www.amazon.com/Street-Journal-Guide-Understanding-Investing/dp/0684869020

 

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Posted

rentals are big now but man, they can be very labor intensive and time consuming. sure you can hire a property mgr but just things to consider.

 

personally, i prefer to flip, make a nice profit and keep moving.

 

i also suggest this. make your financial goals and have various buckets you invest in etc to diversify but do this.

 

have a bucket that is soley for charity/greater good kind of fund. it can be just 10% of your portfolio but its there growing and when it hits certain target amounts, give it away. however and to whoever you want.

 

maybe its a school or an old community center or church that needs help. or to a group trying to get funding for their greater good project. sort of your own personal micro funding.

 

good luck

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Posted

You don't make money off stock prices going up. That's why so many people got fooled with the Facebook thing.

 

You make it off your dividends.

 

I guess you can make money off stocks going up, if you have spare millions to invest where a penny or two makes you thousands, instead of a penny or two.

 

Saucy, this is some of the most inaccurate investing advice that one could ever post on several levels. 

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