Financial Management
#2
Banned
Joined APC: Jan 2006
Position: A-320
Posts: 6,929
Never heard of them. Beat advice I can give you is READ, READ and READ. Dont let anyone else be in charge of your financial well being, let alone pay them to. I read and read and read and came to the conclusion that I dont have the skill or time to pick individual stocks and I decided to invest in Index funds via Vanguard. Its a passive way to invest and I have made more money this year doing that then i did my entire first year at Colgan.
Read up on! ( I highly recommend books by the man himself, John Bogle)
Good Luck!
Read up on! ( I highly recommend books by the man himself, John Bogle)
Good Luck!
#3
Gets Weekends Off
Joined APC: Apr 2009
Position: A-320 FO
Posts: 693
Financial Advice:
Must read books includes Wealth without Risk, and The Armchair Millionaire. The latter includes the simple concept of the power of compounding.
Nobody cares more about your money than you do, and it's easy to beat the street armed with some knowledge.
401K's suck, however I do participate due to the company match portion. I held the four top funds this year, with an average return of 4.5%. I also hold four ETF's which had triple digit returns in 2014.
Nobody cares more about your money than you do, and it's easy to beat the street armed with some knowledge.
401K's suck, however I do participate due to the company match portion. I held the four top funds this year, with an average return of 4.5%. I also hold four ETF's which had triple digit returns in 2014.
#4
Gets Weekends Off
Joined APC: May 2010
Position: B-52 IP / Delta Poolie
Posts: 188
Impressive if true, considering only six ETF's in the entire universe of ETF's have eclipsed a 100% return YTD.
ETF Performance
ETF Performance
#5
Gets Weekends Off
Joined APC: Sep 2007
Posts: 114
Financialmentor.com
I would highly recommend that you take a look at Todd Tressidder's website financialmentor.com. He provides a ton of info for free as well as a comprehensive reading list to improve your financial IQ.
#6
Start listening to this guy. He really gets it. He has a weekly show on Sunday that's available as a podcast on Monday. About an hour and a half each week. Subscribe to the podcast and listen while you're commuting or on an extended Airport Appreciation Tour.
The Ric Edelman Show - The Truth About Money Radio
Read this book. It's written by Jack Bogle, founder of Vanguard. Easy read, you can get through it in a couple of nights.
http://www.amazon.com/gp/product/047...FFCF7055BGGR6T
Dave Ramsey is fine for getting out of debt motivation, but as far as investment advice he's pretty terrible.
Investment planning isn't hard. No need to pay someone what you can easily do yourself.
Not all 401k's suck. Some are actually pretty damn good. I thought our 401k was fairly mediocre, until I discovered that one can buy individual funds and ETF's not included in the plan.
And while a great many plans are indeed mediocre to terrible, they ALL should have at the very least an S&P 500 type fund with a low expense ratio. The funds in the Spirit 401k I wasn't impressed with, but we DID have the Vanguard S&P 500 fund for a ridiculously cheap expense ratio of .04%. That's about as cheap as it gets. I was simply dumping ALL of my 401k contributions into that one fund, balancing out my portfolio in my other IRA's.
So unless your 401k really really REALLY sucks, you should be able to find one or two funds that are okay.
The Ric Edelman Show - The Truth About Money Radio
Read this book. It's written by Jack Bogle, founder of Vanguard. Easy read, you can get through it in a couple of nights.
http://www.amazon.com/gp/product/047...FFCF7055BGGR6T
Dave Ramsey is fine for getting out of debt motivation, but as far as investment advice he's pretty terrible.
Investment planning isn't hard. No need to pay someone what you can easily do yourself.
Not all 401k's suck. Some are actually pretty damn good. I thought our 401k was fairly mediocre, until I discovered that one can buy individual funds and ETF's not included in the plan.
And while a great many plans are indeed mediocre to terrible, they ALL should have at the very least an S&P 500 type fund with a low expense ratio. The funds in the Spirit 401k I wasn't impressed with, but we DID have the Vanguard S&P 500 fund for a ridiculously cheap expense ratio of .04%. That's about as cheap as it gets. I was simply dumping ALL of my 401k contributions into that one fund, balancing out my portfolio in my other IRA's.
So unless your 401k really really REALLY sucks, you should be able to find one or two funds that are okay.
#7
It is very, very hard to INVEST in the stock market now. Trading is one thing, but investing right now is gambling. The mkt. swinging all over the place, because QE is gone (actually cut, but not gone), and Europe and Japan are embracing QE. There is no market consensus on its direction at the moment. Cheap money from around the world has inflated EVERYTHING, except gold over the past 2 yrs, which has been suppressed through naked shorts by the big banks. This is done in collusion with the govt. so that the deteriorating USD can be propped up instead of people dumping dollars.
Most, if not, all of the name brand money mgrs. get paid by amount of assets under mgmt., not on what they make for you. There all kinds of games they play to dupe the public, paint the tape, quote the winners, hide the losers, and a number of other schemes. Watch "Wolf of Wall Street" to get an idea--it's really informative as well as entertaining.
You've got to do your research. 401ks are bad because you usually have a choice of only poorly managed high expense, HIDDEN FEE funds; funds which DO NOT have stops on them--so you can bleed to death during a correction, rather than cut some of your losses and reduce risk. Wall Street laughs their azzes off as they short you down-down, while you hold and hope.
Median family will pay 155K in 401K FEES!!!! Fees cost you 30% of your balance! Transparency is getting better, but fees will still be buried.
https://www.youtube.com/watch?v=ra-_RaMKsHw
I think this guy has an honest investing newsletter, free and 20/mo.
Invest Yourself > Home
Most, if not, all of the name brand money mgrs. get paid by amount of assets under mgmt., not on what they make for you. There all kinds of games they play to dupe the public, paint the tape, quote the winners, hide the losers, and a number of other schemes. Watch "Wolf of Wall Street" to get an idea--it's really informative as well as entertaining.
You've got to do your research. 401ks are bad because you usually have a choice of only poorly managed high expense, HIDDEN FEE funds; funds which DO NOT have stops on them--so you can bleed to death during a correction, rather than cut some of your losses and reduce risk. Wall Street laughs their azzes off as they short you down-down, while you hold and hope.
Median family will pay 155K in 401K FEES!!!! Fees cost you 30% of your balance! Transparency is getting better, but fees will still be buried.
https://www.youtube.com/watch?v=ra-_RaMKsHw
I think this guy has an honest investing newsletter, free and 20/mo.
Invest Yourself > Home
Last edited by bedrock; 01-27-2015 at 09:27 PM.
#8
NYSE Applies Rule 48 To Assist Tuesday Market Opening
Things are serious. The NYSE Applies Rule 48 To Assist Tuesday Market Opening.
Rule 48 is typically only applied when a trading session that is expected to be especially volatile.
NYSE invoked Rule 48 on multiple occasions during the financial crisis from 2008 to late 2011.
A number of U.S. blue chip firms, including pharma firm Pfizer, consumer goods giant P&G and chemical titan DuPont, have reported poor earnings or future guidance over the last 24 hours. When you throw in an unexpectedly poor durable goods report for December ad markets on edge with news about the Greek elections and worsening fighting in Ukraine, it looks like today’s trading is setting up to be a rout in the stock markets.
Invoking Rule 48 is an implicit recognition of the situation, and an effort by the management of the NYSE to try and stay ahead of the downdraft.
What they don't tell you is the Plunge Protection Team, ie. the govt. buys stocks to prop up the mkt.--until they don't.
Things are serious. The NYSE Applies Rule 48 To Assist Tuesday Market Opening.
Rule 48 is typically only applied when a trading session that is expected to be especially volatile.
NYSE invoked Rule 48 on multiple occasions during the financial crisis from 2008 to late 2011.
A number of U.S. blue chip firms, including pharma firm Pfizer, consumer goods giant P&G and chemical titan DuPont, have reported poor earnings or future guidance over the last 24 hours. When you throw in an unexpectedly poor durable goods report for December ad markets on edge with news about the Greek elections and worsening fighting in Ukraine, it looks like today’s trading is setting up to be a rout in the stock markets.
Invoking Rule 48 is an implicit recognition of the situation, and an effort by the management of the NYSE to try and stay ahead of the downdraft.
What they don't tell you is the Plunge Protection Team, ie. the govt. buys stocks to prop up the mkt.--until they don't.
#9
NYSE Applies Rule 48 To Assist Tuesday Market Opening
Things are serious. The NYSE Applies Rule 48 To Assist Tuesday Market Opening.
Rule 48 is typically only applied when a trading session that is expected to be especially volatile.
NYSE invoked Rule 48 on multiple occasions during the financial crisis from 2008 to late 2011.
A number of U.S. blue chip firms, including pharma firm Pfizer, consumer goods giant P&G and chemical titan DuPont, have reported poor earnings or future guidance over the last 24 hours. When you throw in an unexpectedly poor durable goods report for December ad markets on edge with news about the Greek elections and worsening fighting in Ukraine, it looks like today’s trading is setting up to be a rout in the stock markets.
Invoking Rule 48 is an implicit recognition of the situation, and an effort by the management of the NYSE to try and stay ahead of the downdraft.
What they don't tell you is the Plunge Protection Team, ie. the govt. buys stocks to prop up the mkt.--until they don't.
Things are serious. The NYSE Applies Rule 48 To Assist Tuesday Market Opening.
Rule 48 is typically only applied when a trading session that is expected to be especially volatile.
NYSE invoked Rule 48 on multiple occasions during the financial crisis from 2008 to late 2011.
A number of U.S. blue chip firms, including pharma firm Pfizer, consumer goods giant P&G and chemical titan DuPont, have reported poor earnings or future guidance over the last 24 hours. When you throw in an unexpectedly poor durable goods report for December ad markets on edge with news about the Greek elections and worsening fighting in Ukraine, it looks like today’s trading is setting up to be a rout in the stock markets.
Invoking Rule 48 is an implicit recognition of the situation, and an effort by the management of the NYSE to try and stay ahead of the downdraft.
What they don't tell you is the Plunge Protection Team, ie. the govt. buys stocks to prop up the mkt.--until they don't.
#10
Banned
Joined APC: Jan 2006
Position: A-320
Posts: 6,929
I dont know about trading vs investing now, but Investing is long term. There has never been a 10 year period where the market has been down. I'd say unless you're over 50, investing in a low cost index fund beats "trading" anyday..........
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