Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Middle-aged and want to take a more informed role in managing money. Where to begin?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you did 401k and 529, you have lost a lot of money because of fees, rules, bad service, their lousy investment options, and the fact that you learned nothing holding them. You still have many rules to follow and RMD. Since you make decent money, you will be fine. Open an account with Fidelity, buy 5-8 stocks and keep buying. The best if you could do it inside of a Roth. I bought my stocks inside of a Roth on low income. I learned to buy low and sell high. I make 100% a year easily tax free. This came about exactly because 401k wasn't available to me ever and because I followed a few stocks for years. Youtube will show you how to buy a stock with Fidelity or call them. If you have 18+ kids, then Robinhood account for them also. RH gives them info and services and other banks don't. RH also allows buying stocks and crypto other banks don't allow. Do your homework into stocks. If your stocks happens to go down, you buy more as you are getting a discount now. Don't forget that you don't lose money until you sell. Don't sell. Buy the stocks for 20 years.[/quote] I’m confused. First you advocate buying low and selling high, and then you advocate buying and holding for 20 years. Which is it?[/quote] Just ignore that person. Terrible advice overall[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics