Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Going off of the proud parent thread

The Saltman

By The Saltman,
in Huddle Lounge

Recommended Posts

pstall Newbie

pstall

Posted
Posted

yes, i would dial down the aggressive approach just a tad. for example, the old rule of thumb for your allocation was your age -100= aggressive portion.

Meaning, if you are 30, the old way of thinking was to be at least 70% agg. That of course is insane now.

I would NOT go more than 50% agg in any fund or set up nowadays. That's me tho.

Check around for fees. See if GA has their own 529 you can set up online and rock and roll.

I have one with NC and it's a piece of cake to do.

Link to comment
Share on other sites
CLTPanther Contributor

CLTPanther

Posted
Posted

First, I'd like to say do not take a buy and hold approach, manage the fund. Here are my thoughts on your options:

Managed Allocation - I'd need to see how diversified this fund is, I assume it's mostly equities (stocks).

Aggressive Managed Allocation - Same as above.

100% Equity - Check to see what the funds are in this one, but I'd allocate maybe 10-25% in equities.

Balanced Fund - Maybe another 25% here.

100% Fixed Income - Bond fund, mostly guaranteed, but there are risks for defaults, so make sure they don't just pile into one company, must be diversified to spread risk.

Money Market - Hell no. You will earn about .25% interest on this, you'd better off just buying CD's.

Guaranteed - These must be government bonds. While the interest is guaranteed, the one thing you should consider is that bond prices move inversely to interest rates. Interest rates cannot stay 0 forever, when the rates start rising, the value of your bonds sink. You may end up losing more on the price of the bond than your interest rate could ever possible cover.

529's are okay and I put some cash into one for my kid, but here's my basic approach.

-Buy silver (or gold, but gold is expensive now) from APMEX.com and put it in a safe and cash it in when she turns 18. Unless the world financial system collapses, there's almost no way the price won't appreciate. The only other real thing that could crush commoditie prices is appreciation of the dollar, which doesn't seem very likely anytime soon or if for some reason commodity prices in the markets get switched from dollar valued trade to another currency, which may for down the price based on how much the other currency is worth. If that happens though, we have much more to worry about than a silver investment.

-Buy CD's from Ally Bank (they have some of the highest interest rates) and set them to auto reinvest upon maturity.

-Buy some US savings bonds, but not too many for reasons above in the fund.

-Check the 529 often and rebalance when the financial landscape shifts.

Link to comment
Share on other sites
sharkman Newbie

sharkman

Posted
Posted

Sounds like you've got some experts here, and I don't want to look stupid....but

I haven't heard anybody mention checking (comparing) fees and expenses. Someplace like Wachovia is going to charge insane fees, while you could probably do better shopping around. Low fees will help long term returns.

Just my .02 cents worth.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • tukafan21
      Bryce Young 5th year option exercised

      By tukafan21 · Posted

      Except it takes those QB's a few years to develop because they needed to learn the mental side of the game and have it catch up to their physical attributes. Bryce was supposed to be a QB savant who already had a fully developed mental side of the game and that was going to make up for his lack of physical ability.  And his lack of NFL level QB physical traits has been clear as day to anyone who has watched him the last 3 years, mainly, he just doesn't have an NFL arm, he can't zip the ball into tight spaces or throw on a line down the field like is needed at this level.
    • Pejorative Miscreant
      Moton Meets the Press

      By Pejorative Miscreant · Posted

      Don’t recall seeing many of his interviews but what strikes me is that he engages and goes in depth. Even with the cliche answers as referenced by OP come across somewhat thoughtful.  Very likable personality despite being someone who can crush an average person like I can crush a paper cup. I knew Motons mother had a career at MSU but was looking on the google and found that Mushin Muhammad personally knew Motons grandfather.   His late grandfather was a professor at MSU.   Cool guy.  Interesting family and small world.      
    • rmoneyg35
      Bryce Young 5th year option exercised

      By rmoneyg35 · Posted

      I think people aren’t patient enough with Young. It can take a few years for a QB to develop. Look at Darnold, Baker and most recently Daniel Jones.   he hasn’t been able to put up big passing numbers either cause of how much we run the ball. You can tell our coaching staff still hasn’t took the training wheels off Bryce and let him go all out. We’ve had some pretty bad receivers as well. We finally got a true number one last year and look how much Bryce improved. Still we didn’t really have any depth behind TMac. Coker was hurt for a lot of the year and XL was our #2. How many big plays or TDs has XL dropped? I think this year can be the year we see Bryce able to hit his stride. If not then we can start looking for another qb but I just ask people to be patient.
×
×
  • Create New...