any word on the pod casts ?

what % of my yearly income should I be putting into a sep-ira? I've heard 25% from one person and 10% from another.

I know its capped at ~45k or so, but I'm just curious what % of income I should be contributing until I hit that yearly barrier. i'm gonna be 24 in a couple of months and plan on getting a house within 10 years.

for the money left over I was considering something like a CD (most of the 1years I was looking at are drawing .7% to 1%, is that normal?). is that ideal?

thanks in advance.

USA
almost 26
income $100k +
as little as possible but without sacrificing ROI
timeframe: i want to live off of the interest with in 5-10 years to support a family (one wife, 2 kids, probably a dog)
0 debt

for my goal of living off the interest i have been told a 7-10% ROI is to be expected and $100k per year is what i feel i could live off (preferably much higher obv)
if reasonable: i would like to be able to add money when ever i want. would also like the interest to go into a separate account. would like to remove money whenever i want (not very important).

Country: UK with all investments in Canada
Income: 200K pretax (job, no poker)
Risk Tolerance: Medium-low
Timeframe for investment: 20 years
Debt: none - work moves me around so I rent
Age: 36, wife and kid
Expenses - Taxes are a bit difficult to guess as I have to file both here in the UK as well as in the USA where I have citizenship too. Canada thankfully is normal and allows non residence. Normal monthly expenses run in the range of 6K.

I originally set up my retirement savings in dutiful Wealthy Barber recommendation, paying myself first, and continue to do so at a rate of 1K/month, plus the occassional large deposit of ~20K (generally for year end bonus or random MTT win). Currently have about 35K in various bank accounts between here and Canada, and 150K in those aforementioned retirement savings. They are split between RRSP and RSP (I could no longer have RRSP after leaving Canada and declaring non residency).

I recently reviewed the portfolio in more detail and see that some of it has gotten out of balance from where I originally wanted it. Original breakdown was supposed to be about 30% "super safe", 60% "pretty safe", 10% "gambling area of my choice prompted by reading unsubstantiated internet rumors of hot industries". Fortunately, that rumor for that 10% when I rebalanced 3 years ago was "The US$ is going to crash and you should invest in gold". Thus, my portfolio currently sits at:

Quadrus Aggressive Folio MAX1274 4%
Trimark International Companies AIM1731 2%
Quadrus Conservative Folio MAX1270 3%
Mac Universal Precious Metals MFC1655 5%
Quadrus Money Market MAX1464 5%
Quadrus Mac Maxxum Dividend MAX1461 0%
Mac Cundill Value Series C MFC2123 5%
Mac Sentinel Cash Management MFC298 27%
Sentry Canadian Income Class NCE117 7%
Sentry Canadian Resource Class NCE011 7%
Sentry Precious Metals Growth NCE203 21%
TD Dividend Income - A TDB122 14%
TD Global Dividend - A TDB232 2%

However, the precious metals funds continue to skyrocket, and it seems crazy to sell them now and rebalance when (in all honesty) they are the only thing driving the value of the portfolio. I'm also getting a bit antsy about keeping this much in money market funds earning essentially zero - while it wasn't a big deal when it was like 10K, now that it's 50K, I feel like I'm wasting money by leaving it in there.

Thoughts on the level of diversity in the portfolio, and on how/if to rebalance effectively? Is contributing 25-30K/year going to be enough for retirement in 20 years at this rate?

* Country you live in : UK, 19 years old
* Income : Enough to get by only w life stuff
* Risk Tolerance : Medium-high
* Timeframe for investment : 6month - 5years
* Debt : £0.00
* Any other information you might have that would help us

2k for investing pref UK site / euro - complete nooob w investing and seems to be so many options, gona do ISA and premium bonds stuff aside.

thx

this may not be the right place but i didn't want to start my own thread-- what do smart people think about life insurance?

We've had a few threads about it you could dig up, here's the latest, I think its covered pretty well here: http://forumserver.twoplustwo.com/30...estion-775662/

Country you live in:

United States

Income:

250-400k/yr post tax, poker for last 5 years
about 500k liquid willing to invest

Risk Tolerance:

Hmm not sure whether this is more 'of ruin' or more about tolerance for swings
Very high on the latter, very low on the former

Timeframe for investment: I'm 22, no plan for this money really, got nothing but time

Debt: None

Any other information you might have that would help us:

I have a BBA, strategy concentration, from Ross at the University of Michigan so I'm not entirely ignorant to business.

Ideally I'd like to find something I can actively manage as I have the time, whether that be a portfolio or something more tangible like a franchise or some decision rights in small biz or startups looking for investors.

Hands on > than sitting an the egg but I'm not opposed to any suggestions.

Any ideas???? Looking to explore.

* Country you live in: United States - California
* Income: ~$100,000 in my three years of college.
* Risk Tolerance: Low
* Timeframe for investment: A few years
* Debt: None
* Any other information you might have that would help us:

I'm 20, I have $50,000 in my savings account and I notice I receive only 0.15% APY on it. Should I put it in a 5-year 2.00% CD or invest in a mutual fund?? Is it worth the risk to put it into a mutual fund or should I just go with the bank CD rate, which is basically risk-free being FDIC insured.

A little more background: I don't own a car and have enough funds liquid to pay off my subsidized college loans. I don't plan on buying a car after I graduate since I"ll probably take over my sister's volkswagen.

Any help is appreciated!!
Thanks!!

I would suggest investing in a business or project that you can take an active interest in it - so figure out what areas you like and look to invest in them business. It may be technology, restaurants, gaming etc

Man this is a huge thread.

Complete n00b when it comes to money matters and investing, other than just standard saving and being pretty good about not blowing all my cash.

I have 10k I'd like to start working for me, and I can add to savings at a rate of about 500-1000 a month. I recently opened an ING Orange savings account which gives me 1.1% APY. I don't have any IRAs. Was looking at the Roth IRA, but it seems like at a variable rate of 1.1% and not much better for the CDs even if I did have a big chunk of cash to lock up for a long time, that I don't see if it's that much more advantageous to go the savings IRA route. Which leaves investing. Which I don't know anything about. HALP.

Country you live in: USA
Income: $60k/yr
Risk Tolerance: Medium
Timeframe for investment: I'm 24 so let's say planning for retirement at 60: 36 years
Debt: <$10k in student loans @ 5%

Country you live in: USA
Income: $65k/yr
Risk Tolerance: Medium
Timeframe for investment: idk but i have 0 $ invested for retirement
Debt: 0


I like to think of myself as a smart guy, but i am bad with money. i am very cheap and keep it all in my checking accounts.

i was speaking with a captain (i am in military and am 1st lt making about 65k a year in cali) he had no idea i had money ( i am stating this because i don't think he is trying to rip me off, i call him a friend).

He currently has 2 rental properties that he says he has taken a hit on, but he is making about 14k a year on ~~~~ 28 k or so revenue, also has some equity in those houses. But he says that since he just bought a ~400k house to live in with his wife, he does not have enough money to get another property. I pretty much left it at that.

well one day, i say how cheap i am and how i am good at saving money, but don't know what to do with it. I tell him i have over 2 years salary saved, from about 4 or so years of income. ( i eat cheap and live with a roomate). Only money i spend is on cheap public golf and drinking, and rent obv. hes a good dude, and i go drinking wtih him etc. then he sends me this today.


Mark,

Been looking at my finances. As long as my orders are renewed this year, I'd like to look into finding you and I a 200k property in NOLA that we could resale in the 350k range. there are some properties in and around where I live that would be perfect. I think u and I could make about 32k each on a project. I have some money in a Roth IRA that is doing absolute **** for me..so I'm thinking about cashing out and utilizing for a real estate venture. I'll have some skin in the game and manage the whole thing for us..i think we could get quick turnaround on something. will advise when i find something. \



That being said, i have seen the first property he bought and resold. He made it gorgeous. I believe he said he bought it for about 110, and put 35 in it (mostly supplies he did about 80% of work himself), and sold it for 235 about 14 months later. What do i need to do to "protect" myself? Obviously i will pay a lawyer, but do i get a real estate lawyer? REgular lawyer? Do we set up like a LLC or sthg?


Any help would be greatly appreciated.


FWIW. My cash situation is not as good as it was when i first started talking to him. My mom told me to buy a house for 60k and had a tenant paying 850$/month with 1 year lease. I just believed her, and wrote the check, no mortgage. I suppose i would probably have to mortgage some of this place as well. I am going to deploy in about 7 months, meaning i will not be able to be too hands on, and have already given my mom power of attorney. I also will not be paying rent, will be getting paid slightly more, and not paying "edit federal?" taxes. So having cash on hand is not something I really need to do.

I am 33 years old. I have 3 k cash right now to invest. Should I just add to something I already have below? I have not moved stuff around in forever. Should I consult an advisor from the bank through whom I have the mutual funds (Suntrust)?
* Country you live in
USA

* Income
55-65k annual

* Risk Tolerance
Open to ideas, Some % of high risk tolerance

* Timeframe for investment
Long Term

* Debt
None

* Any other information you might have that would help us

I have a Vanguard Roth IRA 500 Index Fund-14k value

Mutual fund porfolio - 26k value broken down as so (roughly)

Fidelity Advisor mid cap (FMCDX) -5k
MFS new Discovery Class C (MNDCX)-4k
MFS Value Class C (MEICX)-4k
Oppenheimer Capital Appreciation Class A (OPTFX)-6.4k
Putnam International Equity CL A(POVSX) 2.5k
Ridgeworth Small Cap Value Equity (STCEX)-5.4k

At what amount in your portfolio would you consider being diversified?

[*]Country you live in

China
[*]Income

50k USD
[*]Risk Tolerance


Doesn't matter
[*]Timeframe for investment


Doesn't matter, would prefer long term though
[*]Debt

None
[*]Any other information you might have that would help us

Living in China at the time to save up money with my mediocre poker skills. Would love to invest as much as possible while games are still good then hopefully retire from poker with a solid amount of money in the bank and look for a reasonable job.

I spend around 10k a year. Made 50k this year so I have 40k to invest. I currently have about 50k invested into Lenovo, Microsoft, Disney, and a mineral mining company which I can't think of for the life of me and I'm about to get on a plane.

Thanks for the help.

Tell him NO, that this is outside your level of risk preference, and that you are just going to put your money in bonds.

Because, if you do go this route, you are going to inevitably stay up all night worrying yourself to sleep. This is not something you need to pursue while you're deployed.

Also, profitable real estate moguls don't need investors.

DIVERSIFY. Two tech, one media, and one mining, probably all US-Based? Get some consumer staples (I like Hormel Foods and Philip Morris), to start. Then consider buying an international stock (I like TEVA Pharmaceuticals).

Lenovo is a hk company, but the rest are US based.

Thanks for the tips.

no. property development is notoriously risking. just buy a small house/flat for rental yourself. im making £14k per year in rent with £100k mortgage, £50k initial investment on a small student let. will pay itself off within 10 years aslong as interest rates dont rocket, which they won't. just find a similar value investment for yourself. good universities are good places to invest because rental property will be in demand for years to come and there will be an explosion of wealthy students to the top universities in the world from china, india etc. gl.

100k to invest.
Medium Risk Tolerance.
Canadian.
80k income a year.
0 debt.
20 year time frame.

Thoughts on 3 or 4 dividend paying bluechip stocks, 3 or 4 dividend paying ETFs, and writing covered calls agaisnt them? Does that seem that a reasonable investment strategy given my position?

Thanks.

thanks for the advice guys. I appreciate it. I passed on it, and am looking for another thing to do with my income.

mc

Country you live in: USA
Income: Currently a college student (senior) without a real job but do decent at poker. I have around 10k that I'm looking to invest.
Risk Tolerance: Medium
Timeframe for investment: 5-10 years maybe (This is really flexible as I'm not really sure what is ideal)
Debt: None
Any other information you might have that would help us: I'm most likely going to be entering the workforce in a year. I guess it's possible I could try being a pro poker player but it's not very likely. Anyway, since I'm relatively young (20), I guess I should be taking more risks since I don't have much to lose. Anyway, I really don't know much about personal finance at all despite being a finance major haha, so any help is appreciated.

Thanks

Do you have an emergency fund for a rainy day? If not, a liquid $10k is just about the right size for one.

i have 100k sleeping, what should I do with it? I have no house, no car, nothing, only 200k and I want to invest 100k

Not enough information. Risk appetite? Yearly income?

risk average. Early incom like 100k no tax