Investment advice
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Postmaster
Joined: Aug 2001
Posts: 4,532
Likes: 5
From: Trussville, Alabama
Investment advice
Where do you guys get your investment advice? I have cash sitting in my IRA and my son's education IRA because what I have invested in stocks and mutual funds has done.....well....poorly to say the least.
I'm gun-shy now because I got hammered so bad with my other choices.
So, where do you guys turn for good advice?
I think there are some good investment choices out there, but how to wade through it all to pick the ones that are good?
I guess if I knew that, I'd be rich and retired already!
Thanks.
I'm gun-shy now because I got hammered so bad with my other choices.
So, where do you guys turn for good advice?
I think there are some good investment choices out there, but how to wade through it all to pick the ones that are good?
I guess if I knew that, I'd be rich and retired already!
Thanks.
Postmaster
Joined: Mar 2004
Posts: 3,918
Likes: 0
From: Michigan
Martha Stewart?
There are investment firms that can give you some good advice,I myself use Edward Jones.Just make sure that they are legit.I have lost some by listening to friends and family,but have done ok since I started leaving it to the pro`s.
There are investment firms that can give you some good advice,I myself use Edward Jones.Just make sure that they are legit.I have lost some by listening to friends and family,but have done ok since I started leaving it to the pro`s.
Posting Guru
Joined: Sep 2003
Posts: 2,231
Likes: 0
From: Valley of the Sun AZ
Like the king stated. Find a person that has a vested intresdt in what You want your money to do. I have a Roth IRA with Merril Lynch and it has done poorly, but I really do not care, becuase I am not looking at retireing in the next 25 years. If you do invest remember that it needs to be a long term plan. The days of making a million dollars overnight are over. If they are not, give me a call.
Junior User
Joined: Aug 2003
Posts: 95
Likes: 1
Being a financial advisor I would say the main qualification in choosing a professional is finding someone you trust. Referrals from friends is a good way to find someone but a lot of people tend to be hesitant when it comes to financial matters so it doesn't always come up in conversation. Interview a few people first before you decide. Also, the main advantage of working with a professional is that they are there to make sure that you stay on track. Concerning your investments going down recently, the last 3 years should not be an indication of the market on a whole. If history is any indication, you will be fine longterm. Just remember to keep saving. Good luck.
Postmaster
Joined: Mar 2003
Posts: 4,513
Likes: 0
From: La Tech University, La
My current investment is a 91 bronco. thing has a collapsed front suspension, buyin for 500 bucks, good straight body, new motor/tranny. Look to make a few k off of it. more tahn I make in two months in less tahn a weeklends work.
Post Fiend
Joined: Feb 2003
Posts: 6,940
Likes: 2
From: Eastern WA
I read, read, and read more as well as ask my buddies and others for ideas and opinions. Money magazine is something I use for reference and I've used it for over 20 years; they often have good information but it seems like it's a bit after the fact. The WSJ gives me food for thought. I avoid mutual fund advisor newsletters in entirety. In the end, there is no perfect, guranteed answer, but rather I've found it best to look carefully at what has happend in the past and look for similarities and trends and play my cards accordingly. An educated investor is far more likely to prevail than someone that makes an investment because "my buddy did it and he made 25%". And as always, consider the downside potential and how far you are willing to go along with the upside potential. Too many people only assume every investment wins; in reality it's not like that. IMHO, if you win around 2 outta 3 or 3 outta 4, you're doing fine 
.
BTW, I do assume your looking for ideas on what may be hot/and not rather than how to invest in the first place (time frame, risk tolerance, the basics, etc).
.BTW, I do assume your looking for ideas on what may be hot/and not rather than how to invest in the first place (time frame, risk tolerance, the basics, etc).
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Posting Guru
Joined: Sep 2003
Posts: 1,174
Likes: 0
From: Near Wamego KS
PENSION PLANNING
If you had bought $1000.00 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 of the original $1,000.00. With Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00. Based on the above information, my current investment advice is to drink heavily and recycle. This is my new retirement program.
I call it my 401Keg plan.
If you had bought $1000.00 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 of the original $1,000.00. With Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00. Based on the above information, my current investment advice is to drink heavily and recycle. This is my new retirement program.
I call it my 401Keg plan.
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Senior User
Joined: Aug 2002
Posts: 419
Likes: 0
From: DC
Originally Posted by BrianA
Where do you guys get your investment advice? I have cash sitting in my IRA and my son's education IRA because what I have invested in stocks and mutual funds has done.....well....poorly to say the least.
I'm gun-shy now because I got hammered so bad with my other choices.
So, where do you guys turn for good advice?
I think there are some good investment choices out there, but how to wade through it all to pick the ones that are good?
I guess if I knew that, I'd be rich and retired already!
Thanks.
I'm gun-shy now because I got hammered so bad with my other choices.
So, where do you guys turn for good advice?
I think there are some good investment choices out there, but how to wade through it all to pick the ones that are good?
I guess if I knew that, I'd be rich and retired already!
Thanks.
Senior User
Joined: Jan 2004
Posts: 309
Likes: 0
From: Big Bear, CA
Listen to Jim Kramer...Kudlow and Kramer...or on the radio... www.thestreet.com
is his site...it's great
is his site...it's great
Elder User
Joined: Feb 2004
Posts: 717
Likes: 0
I've often wondered about this myself. My investments are minimal. I contribute 10% of my pay to my company stock participation program. I get a 15% discount twice per year which has done well for me over the past 2 years, but I definitley need to diversify. I also contribute 10% to my 401k which isn't growing yet, but so far isn't losing money either.
I'm a little hesitant to go to deep because I'm afraid our economy can't handle another terrorist attack. Which, IMO is what is keeping our economy from bouncing back quicker.
I wish I had $1000 invested in Netflix a year ago. That would have been a good return. I also hear that space technology stocks skyrocketed after Bush announced his Mars vision.
I'm a little hesitant to go to deep because I'm afraid our economy can't handle another terrorist attack. Which, IMO is what is keeping our economy from bouncing back quicker.
I wish I had $1000 invested in Netflix a year ago. That would have been a good return. I also hear that space technology stocks skyrocketed after Bush announced his Mars vision.
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