Quote:
Originally Posted by DumbosTrunk
Can anyone good with money provide a little guidance as to whether I'm investing wisely?
I have most of my net worth in high yield savings accounts earning around 4% and around 1/5 in an IRA (that I max out every year) spread across various mutual funds, ETFs, and a little Apple. I'm 35. I read that major firms are bearish on the market so I am reluctant to over-commit my savings there right now and would rather wait for the next dip. Can someone tell me if I am doing this wrong? I still don't own a home but I also don't have to pay rent so there's no incentive to buy anytime soon with prices and rates high.
Between my poker income and day job which I won't have much longer I am earning quite comfortably and I keep my expenses quite low. Thanks!
If you really want some advice , tell me first how many books about investing from reputable authors (who are they? ) have you read ?
Its essential to read . I see on this thread some good info but also a lot of confusion
What you ask is impossible , even if you would detail all the investments you have , its a lot of work to see in what assets they invest , the global cost , the management of the funds...so on
You mention ETFs.. there are over 3000 of them , and while some are great , most are awfull
Simplify things , SP500 is one of the best options