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Lobby General Discussion topic #13288596

Subject: "It doesn't take any time at all to do it yourself" Previous topic | Next topic
PimpTrickGangstaClik
Member since Oct 06th 2005
15934 posts
Thu Sep-27-18 12:05 PM

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8. "It doesn't take any time at all to do it yourself"
In response to In response to 4


          

I have an account with Vanguard. Every paycheck, I just open up the app and transfer some money into one of the three mutual funds I own (Total Stock Market, Mid-cap Value, and 2050 target retirement). Takes about 1minute every two weeks.

>>I’m a novice at this stuff. I just set it and forget it
>but
>>I want maximize my investments.
>
>I just rolled over my old 401k to a rollover IRA with my
>cousin. He proposed I take a chunk of my savings and invest
>with them as well. I'm still mulling that over. I would
>classify them as an "actively managed mutual fund company" but
>he tells me they'd be spreading out my investments in 90%
>equities, whatever that means (anyone ? Bueller ?). Funnily
>enough I passed my series 6, 7, and 63 right out of college in
>2006 for a job I wanted but have obviously forgotten every
>single thing I learned from all the studying I did for those
>tests. The only reason I don't open my own account and not pay
>fees, and do "passive," as the OP says, is because I can never
>find the time / am largely too lazy to keep up with even that.
>I'd rather pay an expert, and the family fee to invest with my
>cousin is essentially 50% of what those costs normally would
>be. So we'll see.

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Let's talk money and finance in here [View all] , PimpTrickGangstaClik, Thu Sep-27-18 10:48 AM
 
Subject Author Message Date ID
I agree on active vs passive
Sep 27th 2018
1
New gig doesn’t have a 401K
Sep 27th 2018
2
This is me, too.
Sep 27th 2018
4
Yup. I need to find the time to learn this stuff
Sep 27th 2018
6
No no no no no!!!
Sep 27th 2018
7
      Tell me more about Vanguard. This is what I mean lol
Sep 27th 2018
11
           I actually study this stuff lol. But no I didn't do any extra research.....
Sep 27th 2018
12
                Haha word - for work or for hobby/life ?
Sep 27th 2018
14
A traditional IRA lets you invest pre-tax (contributions are tax-deducti...
Sep 27th 2018
5
just opened a brokerage account
Sep 27th 2018
3
CaseOne: You better bring your ass in here
Sep 27th 2018
9
I hate my companies 401k offering
Sep 27th 2018
10
401k is doing well
Sep 27th 2018
13
Got the starter pack: online savings, 2 yr T-note and CD, and 401k
Sep 27th 2018
15
It's better than the nothing most people are doing.
Sep 28th 2018
16
Forex and Futures
Sep 28th 2018
17
Whatcha doing with them?
Sep 28th 2018
18
      RE: Whatcha doing with them?
Sep 30th 2018
19

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