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    Saturday, February 3, 2018

    Update from five years ago: financial advisor invested in options despite me requesting a conservative investment strategy then crashed my acct. I sued, settled out of court, and meagerly won. Justice not served. Investing

    Update from five years ago: financial advisor invested in options despite me requesting a conservative investment strategy then crashed my acct. I sued, settled out of court, and meagerly won. Justice not served. Investing


    Update from five years ago: financial advisor invested in options despite me requesting a conservative investment strategy then crashed my acct. I sued, settled out of court, and meagerly won. Justice not served.

    Posted: 02 Feb 2018 04:58 PM PST

    I posted this five years ago: https://www.reddit.com/r/investing/comments/yn9oy/my_financial_advisor_ignored_my_request_to_invest/?st=JD6MWPZL&sh=cf56827a

    (Sorry for the crap link—I'm on mobile and don't know all the mobile tricks that make links not reprehensible)

    I'm posting because I have received a few PMs in the past asking me for an update. I haven't received any in awhile but I thought I'd provide an update in case anyone remembers or might be interested.

    I found an attorney who took the suit about four years ago. Attorneys settled out of court with Wells Fargo for about 90k. One third went to attorneys fees, I think another third to taxes, and the remainder helped me settle after moving for grad school and take care of some car stuff. Whatever I netted was quickly exhausted.

    I'm disgruntled still because the lawsuit was not fair compensation. And for what it's worth, what I had originally invested was about the amount of student loans I have right now.

    Edit: thanks for all of your feedback, insight, and humor. I appreciate it all, especially the kindness and respect of everyone's responses (and being more specific, thanks for not calling me a complete idiot for my naïveté and lack of education in this field).

    submitted by /u/pgrechwrites
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    Wells Fargo shares dive after Fed replaces four board members, restricts bank's growth citing 'consumer abuses'

    Posted: 02 Feb 2018 04:49 PM PST

    200,000 jobs created in January. Wages at 2.9% YoY. 10 year at 2.83%

    Posted: 02 Feb 2018 06:21 AM PST

    The basics.

    200,000 jobs in January.

    24,000 net reduction in December and November reports.

    2.9% wage growth YoY.

    4.1% unemployment, unchanged.

    62.7% participation rate, unchanged.

    Link to BLS

    Overall its a pretty solid report in my opinion. The bond market certainly seems to think this is signally higher inflation.

    submitted by /u/fzats12345
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    Lost all family, received a 600-700k windfall, how would you best invest it? (I'm Canadian)

    Posted: 02 Feb 2018 06:55 PM PST

    Hi everyone, I recently lost my mom from cancer in July (sadly the last of my family. Yay being an orphan!) Anyways she left me my grandmothers house which is in Victoria B.C. and the market here is going insane. I don't want to sell, it's been in the family since 1955 but I can't afford to pay bills on it and my options are grim. Either let go, or let go go... If you catch my drift. Because who wants to live without a family? For the past 10 years I was my mom's caregiver and had to quit a lucrative job twice because of it and my work history tho having items like Apple really has not been updated since 2012-2015. What would you invest in to make a happy or any future for yourself if you were to invest $600-700,000 anywhere?

    A large part of me feels tremendously guilty for receiving this now, especially when so many friends of mine and others are struggling hard. I'd give anything to have my mom back anything. Letting go of the house will be the 2nd hardest thing i've ever had to do.

    submitted by /u/carlawendos
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    Dow Set for Its Biggest Weekly Fall in Two Years

    Posted: 02 Feb 2018 07:29 AM PST

    https://www.wsj.com/articles/earnings-news-hits-japan-korean-stocks-1517537873

    Not a full on correction yet, but things are looking rocky for the short term.

    submitted by /u/ThisIsTheWater
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    Which stocks are on your wish list and entry price?

    Posted: 02 Feb 2018 02:32 PM PST

    For me

    SBUX $52.50

    GIS $50

    SJM $100

    KMB $110

    HRL $30

    MDLZ $40

    submitted by /u/spicydude
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    How can I be prepared mentally for a bear market?

    Posted: 02 Feb 2018 07:50 AM PST

    I started investing in 2013. At the time I had probably $3k. Last year I inherited around $50k and I invested it all. So basically I've never lost a large sum of money, but a 1% drop of my portfolio is almost worth a paycheck (I am a college student). I don't have the money to buy after a dip, so if a significant drop happens, do you have any strategies not to freak out? It's so easy to say "idc about the drops it will eventually go back up" but people that say that have probably never through a bear market. Hopefully my portfolio is 90/10 so I have a little bit of bonds. I was thinking of maybe not logging on my brokerage account for a few months if a crash happened, but I'm sure that some people who have been through 2008 have tips for the rest of us!

    submitted by /u/etienner
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    For those of you who have been sitting on some cash (maybe 10% of your port) and you're thinking buying at the dip (sometime in the next week), aren't you basically speculating / timing the market?

    Posted: 02 Feb 2018 04:53 PM PST

    Holding onto cash = a bet that the market, from the time you decide to hold cash, will not have gone up more than it dips at the time you decide to invest that cash.

    Thoughts?

    submitted by /u/explore__
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    This subs reaction to today's stock market.

    Posted: 02 Feb 2018 01:14 PM PST

    Picking a Vanguard fund

    Posted: 02 Feb 2018 08:38 PM PST

    I'm fairly new at investing and just decided to open up a Roth IRA on vanguard. Vanguard offers so many different funds that it can be a little overwhelming for a newbie like me.

    I was thinking about putting my whole investment into a targeted retirement fund. Is that the right fund to choose? Should I split my investment into different funds? Or should I pick a new fund completely?

    Any advice is helpful!

    submitted by /u/MeanMrClean
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    Daily advice thread. All questions about your personal situation should be asked here

    Posted: 03 Feb 2018 04:05 AM PST

    If your question is "I have $10,000, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer

    • How old are you?
    • Are you employed/making income? How much?
    • What are your objectives with this money? (buy a house? Retirement savings?)
    • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
    • What are you current holdings? (Do you already have exposure to specific funds and sectors?)
    • Any other assets? House paid off? Cars? Expensive girlfriend? (not really an asset)
    • What is your time horizon? Do you need this money next month? Next 20yrs?
    • Any big debts?
    • Any other relevant financial information will be useful to give you a proper answer.

    Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions!

    submitted by /u/AutoModerator
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    Bullish? How much did you pour into the market in January?

    Posted: 02 Feb 2018 02:06 PM PST

    Nearly $20K on my end, very carefully placed and averaged in many transactions.

    How much did you pour into the market this past month? or how much did you get out of the market if you sold?

    Edit: Make that $21K as of 5 mins ago :)

    submitted by /u/Uilleam_Uallas
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    Long Island Ice Tea / Long Blockchain Corp basically lied...

    Posted: 02 Feb 2018 06:04 PM PST

    Looking for advice on short term investment options for ~50k

    Posted: 03 Feb 2018 12:33 AM PST

    Hello, I have done a lot of reading about investing here and elsewhere, and I'm familiar with the ins and outs of ETFs, e-series, CCP approaches, etc. I am also aware of the slightly volatile state of the market right now. My wife and I each have about $25,000 that we want to add to monthly in respective TSFA accounts and grow for around 3-4 years, with the intention of using the money then to help us purchase a house (in a relatively flat market, in a mid-sized town in BC). A TD advisor has recommended a TD-managed fund, the "Comfort Portfolio" or something like that, with an MER of around 2.00 and annual returns of I believe 3.5 to 5% recently (after MER). I am leaning more towards a conservative CCP portfolio of e-series funds based on our banking with TD, our desire to keep MER low, our intention of making monthly contributions, and our desire to make sure (or at least, as sure as one can be) that our money is going to be there in 3-4 years when we want to take it out.

    I am very appreciative of any advice that you may have. My general goal is to find a relatively safe way to get ~5% growth from this money and our subsequent deposits for the next 3-4 years.

    submitted by /u/twiinori13
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    Buy SP500 Without Tax and Dividends or Pay Tax and get dividends?

    Posted: 03 Feb 2018 03:37 AM PST

    My broker lets me buy SP500 without paying tax but they also dont give dividend (no dividend on indices, only stocks) he says if i wanna get dividends i need to pay tax. Which one is the better option? (dont have to pay tax on CFDs in UK)

    submitted by /u/KarmaKingKong
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    I want to gift my nephew 1k

    Posted: 02 Feb 2018 08:04 PM PST

    I've made a little bit investing. Nothing too much but enough to give. What would you recommend for steady growth? A dividend tech stock? CDs? That would grow a bit for his 25th birthday (currently 1 year old)

    submitted by /u/SeedScape
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    is there any book, youtube video, online course that talk about how the market will react to different situation? like fed rate hikes, bond...

    Posted: 02 Feb 2018 11:18 PM PST

    i am new to this, so i am curious why does the fed rates hike affect the market, or why the company has a higher revenue but its stock goes low...

    thanks

    submitted by /u/Ghoxty
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    Some weekend optimism...after Brexit happened in June of 2016 which hurt the markets even more than today, exactly just ONE week later, all the major indexes were back up ABOVE where they were before the Brexit vote happened.

    Posted: 02 Feb 2018 08:48 PM PST

    No need to panic young investors. We'll be ok.

    submitted by /u/Mite-o-Dan
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    What do you put in your taxable accounts vs your retirement accounts?

    Posted: 03 Feb 2018 02:23 AM PST

    I know in general, people suggest putting assets that give high yield and dividends in retirement accounts since they're tax inefficient. But if you have a Roth IRA, then wouldn't stocks be a better choice since they've tended to outperform bonds in the long-run? Alternatively, if you actively trade stocks, would that also be better for an IRA to avoid short-term capital gains?

    What do you guys do?

    submitted by /u/Dtnoip30
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    22 - Need portfolio advice 40 year outlook.

    Posted: 03 Feb 2018 02:19 AM PST

    Currently holding: 40% vti 30% MCHI 30% Brk.b What can I do to improve/position myself for a 40 year outlook. I have high risk tolerance. Opinions?

    submitted by /u/SatoshiNakaMocha
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    Right time to start investing?

    Posted: 03 Feb 2018 01:01 AM PST

    So currently a student at UBC and I just turned 19 this Wednesday (legal age here in BC Canada) and I've been looking for the best broker to use online but as well as seeing if now is a good time to start.

    Been doing a lot of research in the past 6 months and reading as well, was considering starting with around 1k and maybe add a bit every month or so.

    2 questions: - Best broker for Canada ? (International student) - Right time to get in after the 'dip' ?

    submitted by /u/DatGuyBlinK
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    They say you learn from your mistakes. Which mistakes have you learned the most from?

    Posted: 02 Feb 2018 04:32 AM PST

    I've had my brokerage account for about a year. I made many mistakes, but I learned a lot and somehow managed to make some money. I'd like to know what mistakes you made, and what came out of it.

    submitted by /u/n1c0_ds
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    Is SeekingAlpha Pro worth it? Are there better alternatives?

    Posted: 02 Feb 2018 01:40 PM PST

    Hi guys, I'm looking to increase my access to higher value information/analysis on companies both for myself and my job. I've been using a few public/free sources, such as vanilla SA, but genuinely good ideas or in-depth and accurate analysis seem like they're not incredibly common on there. Not unexpected, obviously, but not too helpful. Anyone here have SA Pro and think it's worth it? Or would you recommend something else? I appreciate any suggestions, thanks in advance.

    submitted by /u/Fermit
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    A couple questions for those more knowledgeable, hoping we are heading in the right direction

    Posted: 02 Feb 2018 04:28 PM PST

    Hello, r/investing! I'm here looking for guidance for my SO and my (separate) investments. First I will lay out the info and follow up with my questions.

    My Situation
    *I am 27 and plan on being in the workforce for another 20 years, tops.
    *I will be receiving a pension when I retire (firefighter). If I leave in 20 more years, I will receive 70% of my salary at that time (currently $83k).
    *I have access to a 457 deferred compensation plan. I only contributed 8% of my pay for the first few years as a firefighter while at a lower pay rate, but starting about 2 years ago I upped my contribution to 20% to hit the yearly max. I currently have a little over 40k in this account.
    *I currently have about 40k in my savings
    *Other than my mortgage I have no debt.

    Her Situation
    *25, will be finishing nursing school this spring
    *Has been working part-time throughout school, but doesn't have a retirement account yet. She will be maxing out 401k contributions once she starts.
    *Last year her mother passed away and she received an inheritance. She paid off her car and school loans, currently has about 220k just in savings accounts.
    *No debt, aside from our mortgage.

    We were intending to put away my excess savings and her inheritance into investment accounts after closing on our house at the start of last year, but that didn't happen and we missed out on a great year. To clarify, our money will remain separate unless there is a good reason to combine it once we are married next year.

    After doing some reading here, I believe our best bet would be to open Roth IRAs and max those out for the year, and put our remaining cash into Vanguard index funds? I was planning on utilizing a more riskier portfolio, similar to my 457, because we plenty of time until we retire. Does this sound like the right plan of action? We will, of course, keep an emergency fund available in our savings accounts.

    We had intended on making double mortgage payments once she passes her nursing boards, but I am unsure if this is the right course of action. Yes, we could pay off our house pretty fast, but would it make more sense to instead put that money into investments that would be earning more than our mortgage interest?

    submitted by /u/NeedInvestmentHelp
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