50 years young...what advice can you give me with my financial situation? Investing |
- 50 years young...what advice can you give me with my financial situation?
- Cathie Wood is forgetting something Warren Buffett warned of 26 years ago
- China Government will stop subsidize electric vehicles in 2022
- Which 1 stock would you buy and hold for the rest of your life?
- Robo investing or “self management”
- My wife is nervous that her bank account might be hacked by linking it to Betterment
- What are the best low-risk investments?
- Shower Thoughts on Investing for the future
| 50 years young...what advice can you give me with my financial situation? Posted: 01 Jan 2022 02:22 PM PST I'm 50, have roughly 55k in bank and am able to add roughly $2500/month to this after bills are paid. I am aware that I am starting very late, but poor life choices / student loans in my younger years prevented me from being able to save anything. What advice would you give that could build upon this over the next 15'ish years as I work towards retirement? Thanks for any and all advice, it's much appreciated! [link] [comments] |
| Cathie Wood is forgetting something Warren Buffett warned of 26 years ago Posted: 01 Jan 2022 06:42 PM PST In his 1996 shareholder letter, Warren Buffett wrote about the underperformance of active investing. According to Buffett, he believed that he is an intelligent investor because he has the patience to be inactive. While most managers and asset allocators are trading their winners because it has gone up a lot or because it has become too large of a portion of the fund, Buffett simply holds and lets his winners ride. The analogy that Buffett used was one from basketball. From Buffett:
It seems that Cathie Wood is falling prey to this exact problem. She is selling her winner in $TSLA to buy other beaten down stocks because they have some form of innovation or potential that the market is currently missing. This approach works...until it doesn't. Happy New Year to All! [link] [comments] |
| China Government will stop subsidize electric vehicles in 2022 Posted: 01 Jan 2022 05:08 PM PST In a statement published Friday, the Ministry of Finance said purchase subsidies would be reduced by -30 percent from the beginning of 2022 before being scrapped completely by the end of the year. [link] [comments] |
| Which 1 stock would you buy and hold for the rest of your life? Posted: 01 Jan 2022 06:15 PM PST Warren Buffett has talked about the concept of a "punchcard". Imagine you have a punchcard and it has 20 spots. These 20 spots represent the only 20 companies that you are allowed to buy for your entire lifetime. I think about the punchcard a lot and love the concept, as it makes me think deeply about whether or not I would use 1 of my 20 "punches" on a given company that I am analyzing. On this topic, what is the #1 company that you would feel confident "punching" on your card and holding for the rest of your life? Mine is Amazon. [link] [comments] |
| Robo investing or “self management” Posted: 01 Jan 2022 06:18 PM PST I've recently inherited an IRA and plan to invest around 30-60k every year for the next 5-10 years from the yearly withdrawals. I'm debating whether I should be Using a Robo investing platform like M1 finance or should I move my assets into a brokerage like Schwab and buy a variety of broad market index funds? Has anybody had any experience with Robo managed accounts performing better than just holding broad index funds and performing the market average? Of course if I go the non-Robo route I would also be managing about 10 to 15% of that portfolio manually buying single stocks or performing option strategies on held equity's. Is that still possible with a robotically managed portfolio? [link] [comments] |
| My wife is nervous that her bank account might be hacked by linking it to Betterment Posted: 01 Jan 2022 02:12 PM PST My wife is setting up a Betterment account and is at the point where she needs to enter her bank account information to transfer funds. She is concerned about hackers gaining access to Betterment and then pulling funds from her bank account. How do I address her concerns? She tends to be pretty risk averse and nervous about these types of things, and I don't have enough knowledge about this specific issue to help. Any thoughts? [link] [comments] |
| What are the best low-risk investments? Posted: 01 Jan 2022 07:18 PM PST I already have most of my money in a high-interest savings account, so I'm already using that low-risk option. What other investment options should I consider that are low-risk? I've considered Mutal Funds as an option since that type of investment has both a low and high risk. But, the best part of the investment is it's a low-time commitment one. Return does matter more than risk, so I am willing to risk a little more, but just not something very risky. And for the time period for when I need the money, maybe between 6 months and 3 years. [link] [comments] |
| Shower Thoughts on Investing for the future Posted: 01 Jan 2022 04:47 PM PST Hi all, I wanted to ask what people here thought of investing your money and just leaving it be. Like imagine if I bought 100 options of McDonalds and just let it stay for 10 years. In my mind, the company will do better and the price will appreciate more likely. Pros and Cons? So if I bought some stock from different companies and let it ride for 20 or 30 years than the prices in my mind are likely to appreciate...but will it appreciate enough? I know nothing is safe but to me I also feel some companies like McDonalds, Walmart, and etc are not likely to fail. [link] [comments] |
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