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To all the folks saying "don't ask people on the internet" ... He's just fishing for ideas, if you're clueless, don't post yo!
My vote is Silver. A lot of people like gold, but a lot of people forget about the other metals, which basically have the same thing as gold going on at a lesser scale. Silver is a precious metal and a currency, but more importantly it's used in a lot of manufacturing, from electronics, jewelry, even medical stuff as it has antibacterial properties.
![[image loading]](http://www.chartseeker.com/images/AG-5Y-LG.png)
It's hovering around $20 right now, I bought at $10 a couple years ago, got out during the peak in 2011, and got back in just recently with the price "dip". I can only see it going up just based on the demand though.
Probably best not to put all your eggs in one basket, but metals are a nice stabilizer. I'm no financier mind you, just someone who read some stuff and got lucky.
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There will be a lot more wars coming soon, so I'd invest in the arms industry.
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Australia4514 Posts
read http://www.bogleheads.org/ it is probably the smartest group of passive investors anywhere on the web. Check their book list as well.
Assuming a young age, and if i was designing an easy portfolio that <enter random person here> could run i would:
- 1/3 in shares in whatever is their country of origin.
- 1/3 in shares for the rest of world.
- 1/3 in a bond fund.
Probably via whole of market index funds at vanguard. (Vanguard are the cheapest, and most likely (due to their structure), will remain so).
If you wish to rebalance, pick any day of any month, and rebalance yearly on that date.
For the first few years, during the accumulation phase, your contributions will far exceed any fluctuations in your desired asset allocation that the monetary markets will cause. So, its probably best to ignore rebalancing totally, and just add any new money into whichever group is doing the poorest.
Either, read a lot so you know what you are doing. Or if that is too much, at least read enough to know when so called financial experts are ripping you off. Their primary goal is to increase funds under management which leads to a disjoint in priorities. They get paid, and paid well, irrespective of how well you perform.
Personal things i like:
- Avoid anything with a high expense ratio.
- Avoid anything that's considered the 'in' thing that 'you would be a foolish to ignore'.
- Avoid leverage.
- Avoid non income producing assets. (this would be more controversial as it includes gold/silver/cash)
- Asset allocation should become more conservative with age.
My history:
- I read just over 100 investment books, or investment related (psychology) books following the crash of 2008. Invested everything i had. Borrowed more and then invested that. I dislike leverage, but there are not many times in our lives we will get opportunities like that.
- Personally i was quite active in my investment choices, but it requires a lot of reading. Although having said that, it's near impossible to do poorly after the markets crash like that.
- I've since moved to a much more passive investment style, mainly as it takes next to no work, and you are gauranteed to beat 70%+ of the market professionals.
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Australia4514 Posts
Make use of tax advantage spaces.
Do a simple spreadsheet. For you ROTH/401k account. Have a few columns,
Age, Year, Starting balance, growth rate(above inflation), new yearly contribution amount, Final balance
- I had starting balance at 20k
- I set the yearly contribution to 15k, and did not include any tax that might be applied too it, (i am not proficient with the details of either the ROTH or 401k system that americans use. I quick google said its currently 17.5k per year. So this is most likely the part that is wrong. Roth appears to be 6.5k)
- I set the growth rate to 1.03. Don't set the growth rate high, leave it at or below 3% (always best to be conservative on growth numbers).
- Final balance = (Starting balance* growth (1.03)) + new contributions
- Starting balance of next y ear = Final balance of year prior.
- Expand the years to 65 years of age.
Simply maxing that out each year, will give you 1,098,887.
Congrats without doing anything else, you have a million dollars.
In Australia the tax advantage retirement space is called 'superannuation'. With a 25k yearly limit taxed at 15%. Someone who maxes that out from 28 onwards will have 1.5million.
Slow and steady wins the race.
It is a boring and easy race to take part in. Most ppl get distracted by the latest fad, as its always 'different this time'.
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Silver is nice. Kitco.com is a good resource. There are better resources than tl though. You're not looking at a small investment
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Just looking at the google news today, I say give McDonalds wings a try and if you like them invest in McD!!!!
Best advice ever. Plus they have a decent dividend.
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On August 27 2013 22:16 Burrfoot wrote:
Just looking at the google news today, I say give McDonalds wings a try and if you like them invest in McD!!!!
Best advice ever. Plus they have a decent dividend.
Just thinking out loud, I say give intel processors a try and if you like them invest in INTC!!!!
Best advice ever. Plus they have a decent dividend.
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On August 27 2013 12:25 crayhasissues wrote:
I use Morningstar to get more info on various ETFs, mutual funds, etc. The prospectuses aren't that hard to figure out if you have any experience at all with investing.
Also, if you have a brokerage account, most sites offer free research from various sources. You usually will find many different opinions. You're young, so remember to balance risk/potential to returns for whatever you are looking at.
PM me if you have anything else you need to know (I have an MBA in accounting/finance)
I use Morningstar as well. Lots of useful information there. Warning: it can get addicting.
To the OP: If you're going to invest in Vanguard, they have their own advisers. On the small chance you look for an outside one (I don't have one), there are fee-based advisers in the US who are under a fiduciary duty. They generally charge per hour/per visit and don't take a percentage of your assets as fees. Their quality might or might not be better than that of regular advisers' but at least it will be cheaper and they are less likely to steer you to investments with outrageous expenses.
Vanguard's brokerage is pretty nice as well. You can get outside funds like PIMCO's funds for lower expenses and minimums there rather than buying from PIMCO itself.
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mutual funds are great! they are a way you can take some money, give it a stranger, say "turn this into more money!!" and then avoid all responsibility or even the most basic knowledge of how this is done! then that stranger will give the money to another stranger, who will give it to another stranger, who will enslave some people in asia, make some money, and pass it up the chain to you! what's even better is that the people making decisions with your money will have different class interests than you, because they are rich and you only have 30k, and so your money actually gets to be used against you! i love mutual funds!
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On August 27 2013 11:23 MrRicewife wrote:
Tesla Motors... invest in that company.
Lol. Too late, that ship already sailed. If one invested in it ~5 months ago they would have tripled their money  now everyone's jumping on board so I'd be cautious
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My little anecdotes
Back in 2005 I finally caved and bought an iPod after many years at CMU making fun of the liberal arts folks and chemEs working in the apple forest. I was pleasantly surprised and bought 25k of AAPL that I still hold today. Hindsight says I should have sold at 700.
The next year in 2006 I played the wii for the first time and was so wowed I bought 25k in NTDOY. Many years later I played a 3DS for the first time and was so disappointed I sold all my shares the next day.
After leveling to 70 in WoW during the Burning Crusade a lot more random folks were casually playing so I bought ATVI... Which I sold earlier this year when Titan was reset and I hated pandaland.
Nerd investing!
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I am by no means any kind of financial expert... but I've always been told to invest in McDonalds.
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Invest in alcohol which ages well, then auction it off when it gets really old. Also, if the world goes to shit, people will still want to get wasted so you can hopefully trade it for a bunch of food.
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Baa?21242 Posts
On August 28 2013 04:21 Just_a_Moth wrote:
Invest in alcohol which ages well, then auction it off when it gets really old. Also, if the world goes to shit, people will still want to get wasted so you can hopefully trade it for a bunch of food.
Of all the advice in this thread this is actually probably the best one lol.
I say this in all seriousness.
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On August 28 2013 13:00 Carnivorous Sheep wrote:Show nested quote +On August 28 2013 04:21 Just_a_Moth wrote:
Invest in alcohol which ages well, then auction it off when it gets really old. Also, if the world goes to shit, people will still want to get wasted so you can hopefully trade it for a bunch of food. Of all the advice in this thread this is actually probably the best one lol. I say this in all seriousness.
Well, in the event of significant cataclysm (say, zombie apocalypse?) you can't eat gold, silver, stock or bond certificates, and the best possible currency will probably be ammunition. (Although, selling it could be hazardous.)
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it all depends on your level of risk and reward.
i will be honest, chinese companies are probably the best to have a look at. it seems EU and China economy is getting back on track
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On August 27 2013 11:25 Burrfoot wrote:
Gold is a terrible investment, buy rare earths! That stuff is rare! lol
What time is it? Everybody's favorite time! Rare Earth Fun Facts Time!
Did you know rare earths are actually not so rare after all? They are rather plentiful in the Earth's crust but are hard to find in accessible ore deposits due to their dispersity among other elemental minerals.
Did you know 23.5% of rare earth elements are named after Ytterby, Sweden, a small village on an archipelago northeast of Stockholm? 39 [Y] Yttrium, 65 [Tb] Terbium, 68 [Er] Erbium, and 70 [Yb] Ytterbium! But wait! In that same Ytterby, Sweden quarry that yielded the four rare earth discoveries named after the village, three additional rare earths were also discovered: 64 [Gd] Gadolinium, 67 [Ho] Holmium, and 69 [Tm] Thulium.
Did you know there is a deposit of around 1-2 million metric tons of rare earth ores in Afghanistan? And possibly much more in Africa?
Did you know historically the demand for rare earth elements has been low, but that in the past two decades it has been increasing sharply? The world's annual production is around 130,000 metric tons, of which China accounts for 95%.
That's all for now!
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On August 27 2013 10:20 sLideSC2 wrote:
bet against artosis on pinnaclesports.com
this made my day .. lol
i think esports is kinda growing nowadays .. you could risk investing on it .. maybe would be worth to try  + Show Spoiler +sorry i have no idea about investments
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EPT
