Originally Posted by Demonpenz:
Ok Besides my 401k and What should I invest in safe good returns cost effective with little or no fees and what site should I use.
Originally Posted by Rain Man:
I find casino games kind of interesting from a mathematical perspective, but I don't like to actually gamble money. I've stayed in casino hotels twice in the past year on various travels, but never gambled. I just used them as hotels.
Went to Hard Rock Cafe in Tampa last week. Was shocked to hear folks paying $500 a night for a room. We stayed in beautiful clearwater beach on the water for 1/3rd of that.
Seeing the people in the casino was so depressing. They all looked like they were blue collar smokers spending their disability checks.
I went to play in a poker tournament for a very specific amount of money. Actually cashed so it was a lot of fun for 4 hours. [Reply]
I am looking to park cash. I already have money in vanguard from a previous employer. Do I need to move it around? Do I need to sign up again once for employee retirement one for parking? [Reply]
Originally Posted by MahiMike:
Went to Hard Rock Cafe in Tampa last week. Was shocked to hear folks paying $500 a night for a room. We stayed in beautiful clearwater beach on the water for 1/3rd of that.
Seeing the people in the casino was so depressing. They all looked like they were blue collar smokers spending their disability checks.
I went to play in a poker tournament for a very specific amount of money. Actually cashed so it was a lot of fun for 4 hours.
That place is terrible, I can't breathe in there and never go. I've only been a few times years ago, but if you want to play poker check out Derby Lane right off the Gandy Bridge on the St. Pete/Clearwater side. Much closer to where you are staying. [Reply]
Originally Posted by Demonpenz:
I am looking to park cash. I already have money in vanguard from a previous employer. Do I need to move it around? Do I need to sign up again once for employee retirement one for parking?
You would have to add a taxable investment account to your existing account at vanguard/fidelity/wherever. [Reply]
To add to this, I'm a big fan of starting with a three-fund "lazy portfolio" if you're just starting out but want a little more control than a target-date fund.
Originally Posted by Demonpenz:
I am looking to park cash. I already have money in vanguard from a previous employer. Do I need to move it around? Do I need to sign up again once for employee retirement one for parking?
Dakcman is right. Don't park it in a retirement account. You'll get destroyed when you take it out. Mason jar would be better than a retirement account if you plan to get it out.
Keep some cash in the bank though for incaseshit money. While investment accounts are pretty liquid it does take a little time. Plus if you pull some out a couple times a year because your refrigerator died or you need tires or whatever you'll have to pay tax on the gain and do all the bullshit on the tax return for short and long term gain splits and all that bullshit for a grand or whateever may take some shine off your gains. Especially if you are doing your own taxes now and have to hire a professional for a few bucks of cap gain.
Bottom line: keep some cash in the bank.
What a lot of people did before the interest rate went to LOL is have 12 12 month CDs that mature each month. That way you've always got a little money available each month and if shit gets hairy the bank will loan you money against the CDs. Probably not a good idea until interest rates come off the ground some. [Reply]
It said I needed 3000 to buy a mutual fund is that right? Maybe in a year. Also so I just pick likeIntermediate-Term Bond Index Admiral Shares and start buying that? [Reply]