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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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lewdog 01:05 PM 08-11-2017
Originally Posted by ndws:
Yeah, I'm only looking at maybe doing 100 or 200 just to get a feel for it. Heck a coworker of my wife's paid off her house doing this. Not that I even expect to break even dabbling around with it, but its fun to daydream about the success stories.
I'd love to know what her investment was that allowed that?

I find many individuals stock buyers are similar to fisherman in their stories and successes.
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DaFace 01:12 PM 08-11-2017
Originally Posted by Unsmooth-Moment:
I have been using the betterment app on my android and I put about $125 a week into it. I'm happy with how it has been doing. I'm basically using that instead of a savings account at my bank.
Just be careful not to go TOO far with that. Betterment is doing well right now because the stock market is doing well. It's not out of the question that you could lose half of what you've got in there if the shit hits the fan.

So just make sure you keep some back for an emergency fund in cash.
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ndws 01:40 PM 08-11-2017
Originally Posted by lewdog:
I'd love to know what her investment was that allowed that?

I find many individuals stock buyers are similar to fisherman in their stories and successes.
I couldn't tell you. I'll have my wife ask her about it. She's one of those insanely high IQ people, so of the people that would claim it, she would be one of the few that I would believe.

I know my old man dabbled in day trading for a few years not long ago. It worked well for him, he bought things he ordinarily wouldn't have and then rerolled the rest into additional savings plans that helped him retire early.
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Unsmooth-Moment 01:40 PM 08-11-2017
Originally Posted by DaFace:
Just be careful not to go TOO far with that. Betterment is doing well right now because the stock market is doing well. It's not out of the question that you could lose half of what you've got in there if the shit hits the fan.

So just make sure you keep some back for an emergency fund in cash.
I should have worded that better. It's more of a savings/investment account that will not be needed for several years. If an emergency came up tomorrow it would not be the first account I tapped into. it does let you set your portfolio preference on stock to bond % based on your risk level.
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lewdog 05:39 PM 08-11-2017
Welp, I had a limit order that's been sitting there for a few weeks fill today.

Canopy Growth Corp. TWMJF. No available Marijuana ETFs and I wanted some skin in the Green Game. Hit at $7. This is a total risky move and I know it, but this was my take some money to the casino and let it ride type of move.
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Pepe Silvia 05:40 PM 08-11-2017
I was the pixie dust spreader on the tilt a whirl, I saved a couple hundred.
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Cornstock 08:57 PM 08-11-2017
Originally Posted by lewdog:
I definitely agree, although it's not inherently bad to have a small percentage of your income in individual stocks if you feel so compelled. This should only be after you've got something like 10%+ percentage of your income going to retirement investment vehicles (401k/IRAs).

I bought my first individual stocks earlier this year as well. That's after 5 years of ramping my 401k/Roth IRA contributions up to 15%. The money I then invested in individual stocks is IN addition this amount, not in place of those investments. It's currently 6% of my total portfolio and I don't really plan to ever have individuals stocks be more than 10% of my total portfolio.
I really like this approach. You've built a really solid core portfolio at this point, and with some disposable income you've deemed it appropriate to take on some manageable risk in exchange for some higher returns.

The pitfall I see others falling into is investing too heavily into stocks and penny stocks before they've built a portfolio when their real goal should be to build a baseline of wealth. It can be frustrating to lose on some penny stocks early and be compelled to stay with that strategy to try to make it all back. Similar to a gamblers mentality.

You feel much less obliged to take unnecessary risk when your percentage of investments as a whole are making satisfactory returns.
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Cornstock 09:05 PM 08-11-2017
Originally Posted by ndws:
Yep, I'm on the boring bandwagon already. I just looked at the math on my last pay stub, and between my retirement (pension), 401k, and personal Roth (with company matching totaled in) i'm putting right at 28% of my income into retirement. So unless there is a massive market correction in the handful of years before I retire (I'm 39 now, and my rule 85 doesn't go into effect until I'm 57 at the earliest, I should be ok without needing to rely on any day trading/penny stock nonsense I may try to do on my own.

You're in a good position. The luxury you have as you near retirement is being able to move to a more defensive position to mitigate the risks of a downturn. A cash and fixed income portfolio, or variable/indexed annuity may be good choices in this situation.

I know annuities catch a lot of flack because the sellers usually do take a fairly large upfront commission, but they offer guarantees that can make them well worth the cost.

I heard it put well once "The car you drove up in, that has heated seats and blind spot detection right? Why did you pay extra for those things? Because you perceived value in them. You don't need them to go from point a to point B, but they still have worth. The death benefit and guaranteed returns of annuities are the exact same. There is value there, but that value has a cost."
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Cornstock 09:11 PM 08-11-2017
Originally Posted by Demonpenz:
it feels great to have it paid off but you could invest money monthly to have a better overall profit. Like I have 0 interest in my car. Would love to pay it off but using my money now to pay off the car instead of using money to make money isn't a good play.
Demonpenz's financial IQ is literally skyrocketing before our very eyes.
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lewdog 10:34 PM 08-11-2017
Anyone have any good recommendations for higher paying Savings Accounts? I am looking to move our emergency savings into a savings account that gets 1%+ interest. Good for an extra few hundred dollars a year which is better than my current savings account.

This is the best I have found on the subject.

http://www.magnifymoney.com/blog/ear...ounts275921001

Or any other ideas?
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Demonpenz 12:17 AM 08-12-2017
Originally Posted by Cornstock:
Demonpenz's financial IQ is literally skyrocketing before our very eyes.
Knowing is one thing but executing is another. The good thing is that I am too lazy to send in more money on my 0 percent car payment or I probably would. Another good thing is my job in my 20's gave me money not a match just gave me retirement money so it was nice to have something before I even took the hit of taking money out of my paycheck.
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TinyEvel 12:19 AM 08-12-2017
Hi guys.

I have owned a house for 15years. For the first time, due to moves, I sold it and I'm renting...for now. Hope to get back into a home I can buy in about year. In the meantime, the equity I had built up in previous home is sitting in cash savings. How should I invest it to minimize risk (I need it for down payment on next home in about year) but get best return (savings account is less than 1 percent return)
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scho63 12:58 AM 08-12-2017
Originally Posted by lewdog:
Anyone have any good recommendations for higher paying Savings Accounts?
It's a complete oxymoron in this environment.

You realize that if you have $20,000 in an emergency fund and you are deciding between a .025% and a 1% fund it's all kind of bullshit and time for about $175 if you left it there for the entire year?

Don't be so short sided.

Buy a short term corporate bond for a much better yield :-)
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scho63 01:00 AM 08-12-2017
Originally Posted by TinyEvel:
Hi guys.

I have owned a house for 15years. For the first time, due to moves, I sold it and I'm renting...for now. Hope to get back into a home I can buy in about year. In the meantime, the equity I had built up in previous home is sitting in cash savings. How should I invest it to minimize risk (I need it for down payment on next home in about year) but get best return (savings account is less than 1 percent return)
Keep an eye on any capital gains taxes if you sold for higher than purchase plus cap improvements and do not buy for many years to come.
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DaFace 07:17 AM 08-12-2017
Originally Posted by lewdog:
Anyone have any good recommendations for higher paying Savings Accounts? I am looking to move our emergency savings into a savings account that gets 1%+ interest. Good for an extra few hundred dollars a year which is better than my current savings account.

This is the best I have found on the subject.

http://www.magnifymoney.com/blog/ear...ounts275921001

Or any other ideas?
I've got mine in Discover, and I like it pretty well. Transfers are pretty quick, and the $100 sign up bonus is a nice perk. Even at the higher interest rates, though, you aren't going to get rich. Better than a shitty 0.01% account though.
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