The "I have XX money to invest, where should I put it?" Thread - Page 4

THAKID · 07-13-2009, 05:00 AM

lets say i kept some cash in a deposit box for my roll and life expenses if things go bad, or i buy a house or something and my bank accounts become zero(unlikely in the near future, more possible the house part in a few years)

should i be purchasing some gold coins to fight inflation... someone very rich but not so logical told me this, and i really have no clue if it's good advice or not

THAKID · 07-13-2009, 05:02 AM

Quote:

Originally Posted by Scamorza89

Location: United States
Info: FT student @ UNLV, going into Junior Year
Income: 1000-1200 per month from work
Risk tolerance: Medium to High
Time frame for investment: 5+
Debt:Nothing
Savings: $15,000
Expenses: Gas, Food (this KILLS you in Las Vegas)...no rent..phone and insurance are covered by the parents

I make steady money with my job presently, around 1200 a month. I'll be turning 21 in 8 months and will finally be able to freely play poker around Las Vegas. I feel like I can make steady money at the 1/2 game, so let's speculate can make 2000 a month around then. I really have no knowledge of investing in the stock market or other funds. I would like to get into it but really don't know where to start and am timid when it comes to risking a large amount of money within something I don't feel control over. What are some investment options that aren't tied to stocks? Where are some good places to learn?

first just start playing 1/2.... if you realize and are confident (very confident) you are beating this game good, like 2k a month good then use your money to step up to 2/5

ArturiusX · 07-13-2009, 05:21 AM

Quote:

Originally Posted by THAKID

should i be purchasing some gold coins to fight inflation... someone very rich but not so logical told me this, and i really have no clue if it's good advice or not

You're speculating on the price of gold if you do this. You'll also have to pay transactions fees at both the buy and sell. If you're worried about inflation, TIPS are the way to go.

jpisgay · 07-13-2009, 06:31 AM

Location: Canada
Income: $1000/month from poker
Risk Tolerance: Medium
Timeframe for investment: 4+ years
Debt: nothing

I'm 20 years old and am looking to invest 10-15k. It is all currently sitting in a savings account right now and i have no clue where to start.

Any help would be appreciated thanks.

Crepuscular · 07-13-2009, 05:33 PM

Quote:

Originally Posted by jpisgay

Location: Canada
Income: $1000/month from poker
Risk Tolerance: Medium
Timeframe for investment: 4+ years
Debt: nothing

I'm 20 years old and am looking to invest 10-15k. It is all currently sitting in a savings account right now and i have no clue where to start.

Any help would be appreciated thanks.

Read up on index investing and asset allocation. You can try completing a risk assessment to determine your appropriate level of risk, which in turn helps you decide about your asset allocation.

Once you have some ideas about what you want your portfolio to look like, come back here and ask some specific questions.

Tumez · 07-14-2009, 07:19 AM

I have $200k to invest. What should I do? Is that too big sum to invest just on etf´s/passive index funds? Or should I buy stocks on my own, at least with some part of the money?

Some info:

I live in Finland. My income comes from poker, and is therefore highly irregular, but still six figure number per year. I have bought a house already, and I have no debts. My timeframe for investing is anywhere from five years to 50 years. I would estimate my risk tolerance to be somewhat over average.

So my question is should I invest directly on stocks at least with some % of the money, or should I just buy etf´s/index funds with all of it? My personal intrest to stocks is pretty low, so my strategy would be the old buy and hold.

THAKID · 07-14-2009, 11:06 AM

Quote:

Originally Posted by ArturiusX

You're speculating on the price of gold if you do this. You'll also have to pay transactions fees at both the buy and sell. If you're worried about inflation, TIPS are the way to go.

what are TIPS

I mean i'm gonna have a lot of money in cash regardless... so isn't gold a good way to diversify while still being extremely liquid?

sry noob questions i know

ArturiusX · 07-14-2009, 06:27 PM

Have a look at the price of gold:

http://www.kitco.com/charts/livegold.html

Look at the fluctuations on the time horizon you speak of. Then think about all the transaction costs you'll need to pay to both buy, store, and sell it. Do you think it'll nicely account for inflation?

united8612 · 07-20-2009, 06:01 PM

i put 20k into human genome this mornin for about $4

vinivici9586 · 07-21-2009, 08:37 PM

hi i am a professional poker player:

- live in US
- income of 20k/month, 250k/year
- risk = medium/high
- timeframe = not sure. i don't really have any expenses, so i can be flexible.
- no debt

- i already have 120k liquid saved up

a lot of people have told me that i should invest in property. im not really sure about this. would appreciate any help.

OkTime4PlanB · 07-22-2009, 06:47 AM

Country you live in: United States
Income: poker player. outside of that I have no income i've made 100k this year and i don't really have any expenses (19 not in school live at home no car)
Risk Tolerance: low/medium
Timeframe for investment: 2-10 years willing to go longer though
Debt: none
Amount to Invest: 50k

some more info: I was thinking about building my credit up so i'm able to put a down payment on a house which i would obviously need a loan, and was thinking of renting it out untill i could afford to pay it off from that and poker income combined, is this a good idea? I really don't know much about what I'm doing that's why I'm here trying to learn, any help on that idea would be greatly appreciated. I also am interested in investing in the stock market, again, totally clueless, so if anyone can shed some light on that for me as well that would be great.

j2007 · 07-23-2009, 05:05 PM

Country: USA
Income : Varies
Risk Tolerance : Medium
Timeframe for investment: 30 Years
Debt : None

I have a question about INVESTING:

Let’s say you are a poker player and have built a playing bankroll to $100,000, savings $50,000.

Then one day…….you enter a large Multi Table Tournament and win 1st place, taking home 1 Million Dollars (after taxes)

So you have a bank roll of $100,000 plus another 1 Million.

My question is what is the BEST TANGIBLE ASSET you could acquire with that 1 Million Dollars. By tangible I mean (non stock market/ forex/ commodity market). I was thinking a 12 Unit Apartment building that generates passive income or a franchise…..but being that you have to WORK at the franchise if you purchase one makes me want to consider something else.

Not that I have a million……….I just wanted to know that the BEST tangible Asset would be…or the one that MOST people would acquire in this situation which gives the best return.

nuclear500 · 07-24-2009, 05:02 PM

Quote:

Originally Posted by vinivici9586

hi i am a professional poker player:

- live in US
- income of 20k/month, 250k/year
- risk = medium/high
- timeframe = not sure. i don't really have any expenses, so i can be flexible.
- no debt

- i already have 120k liquid saved up

a lot of people have told me that i should invest in property. im not really sure about this. would appreciate any help.

"Invest in property" could mean so many things. Land? Real Estate? Condo/Apt complexs? You're probably being told that by people who don't know what they're really talking about it. Not that I would either, but its funny how people just spout that off so they can sound like they know something.

How long has this 250k/year been going on that you're comfortable giving that figure?

Everyone has expenses - if you stopped making money right now and didn't change your lifestyle, how long would 120k last?

nuclear500 · 07-24-2009, 05:11 PM

Quote:

Originally Posted by OkTime4PlanB

Country you live in: United States
Income: poker player. outside of that I have no income i've made 100k this year and i don't really have any expenses (19 not in school live at home no car)
Risk Tolerance: low/medium
Timeframe for investment: 2-10 years willing to go longer though
Debt: none
Amount to Invest: 50k

Low to medium risk suggets to me you may want to think about a total bond market fund, coupled with a broad based Total World Stock Market index fund like Vanguard Total World ETF and the Total Stock Market Index ETF for the US (tickers BND, VT and VTI). Maybe a 35/35/30 mix (VT, VTI, BND).

Because you're 19 and have labeled a low risk tolerance I want to make sure you're positive about the 50k to invest figure. Are you excluding moneys you would need (to live) if you went on a downswing?

Also as a personal preference -pay rent to your folks. Even if its only a couple hundred a month. You need to get in the habit of paying regular fixed expenses so you can better budget and project true money needs.

acehole60 · 07-25-2009, 09:10 AM

Country you live in: Denmark
Income: 10k - 20k per month
Expenses: Aprox. 3k
Risk Tolerance: high to very high
Timeframe for investment: 5-20 years. Dunno really
Debt: Some, but wont be a problem.
Amount to Invest: $10k first off and then adding 2k-10k each month.

With my high risk tolerance I should only buy stocks, right? Should I buy danish stocks or doesn't it matter? Is it important to diversify my holdings or should I pick my favorite stocks and invest in them?
Given my timeframe should I just buy and hold or should I sell and buy new stocks down the road?