Originally Posted by Hammock Parties:
Jesus CHRIST.
**** YOU HOG
LOL! welcome to the world of stock trading.
BTW, did you do your due diligence and research the stock ?
also I never ever told you to buy it. there are several of us on here that bring up individual stocks and we don't just run and buy them ,we research them and come to our own conclusions and make a decision.
I'm sorry the first two days of your investing life suck but it's not my fault. I wish you made 100K today .
I just recently got my TSP out of the government's hands into my own hands. Rolled it over into a traditional IRA for 14 months at 2.1% so I have a year to learn what's a better way. I'm 56 and retired from the Army as a civilian over 30 years. I know nothing about this area and would appreciate any help with where to start to learn more about it. Things to read or whatever. Thanks in advance. [Reply]
Originally Posted by tmax63:
I just recently got my TSP out of the government's hands into my own hands. Rolled it over into a traditional IRA for 14 months at 2.1% so I have a year to learn what's a better way. I'm 56 and retired from the Army as a civilian over 30 years. I know nothing about this area and would appreciate any help with where to start to learn more about it. Things to read or whatever. Thanks in advance.
Just find out what Gochiefs is doing and do the opposite. [Reply]
Originally Posted by tmax63:
I just recently got my TSP out of the government's hands into my own hands. Rolled it over into a traditional IRA for 14 months at 2.1% so I have a year to learn what's a better way. I'm 56 and retired from the Army as a civilian over 30 years. I know nothing about this area and would appreciate any help with where to start to learn more about it. Things to read or whatever. Thanks in advance.
For people just getting their feet wet, do some reading about "index funds." You can have a pretty diversified portfolio by just getting into a handful of U.S. stock, international stock, and U.S. bond index funds. These have very low "expense ratios" (fees) compared to "managed funds" because you're not paying a guy to sit in a room and pick stocks - they just buy a little bit of everything.
If you want even more basic than that, target-date funds let you just buy one mutual fund that automatically balances more toward bonds (more conservative) as you get closer to their target date (retirement). There are index versions of those that have low expense ratios and are pretty much an autopilot way of investing.
If you want to do a little more in-depth reading, this book is a great primer.
Originally Posted by tmax63:
I just recently got my TSP out of the government's hands into my own hands. Rolled it over into a traditional IRA for 14 months at 2.1% so I have a year to learn what's a better way. I'm 56 and retired from the Army as a civilian over 30 years. I know nothing about this area and would appreciate any help with where to start to learn more about it. Things to read or whatever. Thanks in advance.
The TSP is basically DaFaces advice with a big discount for volume so I'd go back there if possible to reverse. Also, while IRA's are great, in some states they don't have the same protection from lawsuit or creditors as 401ks and I assume the TSP.
The net expense ratio across all funds in the TSP is .033 [Reply]
