Anonymous
10/09/2013 18:42
Subject: What should I do with $300k?
You can send some to me... Pay off my student loans and I'll make sure you never end up in a nursing home!
Anonymous
10/09/2013 16:24
Subject: What should I do with $300k?
Find something you believe in, a local business or real estate venture and then give what you feel comfortable. It is sad that we rarely support local projects any more.. at least here in DC
Anonymous
10/09/2013 05:39
Subject: What should I do with $300k?
Yeah advisors take an annual 1% cut every year.
So u would be paying someone $3000 every year to lug you investment questionnaire into their investomatic allocation software du jour. you could replicate this by reading a smattering of books by bogle etc. maybe even just buying target funds.
If you go with advisor, please be sure to get a fee only advisor. Ones that work on commission will try to steer you to products they have in inventory rather than the best vehicles for your money
And end if the day, kudos for saving a nice nest egg, it is not anywhere nearly enough to get truly personalized and top notch investment advice. That is for high net worth individuals ( they have a name in the industry for them; I don't know how much u need to qualify, as we will never be there). I think that number is north if 500k?
So u would be paying someone $3000 every year to lug you investment questionnaire into their investomatic allocation software du jour. you could replicate this by reading a smattering of books by bogle etc. maybe even just buying target funds.
If you go with advisor, please be sure to get a fee only advisor. Ones that work on commission will try to steer you to products they have in inventory rather than the best vehicles for your money
And end if the day, kudos for saving a nice nest egg, it is not anywhere nearly enough to get truly personalized and top notch investment advice. That is for high net worth individuals ( they have a name in the industry for them; I don't know how much u need to qualify, as we will never be there). I think that number is north if 500k?
Anonymous
10/09/2013 01:28
Subject: What should I do with $300k?
Never let anyone else but yourself manage your money. Frankly, it's not very difficult at all. It can be exotic and incredibly difficult, but most of us do not play in that league, nor do we need too, to be a successful investors.
1. Open a brokerage account at Schwab, Ameritrade, etc.
2. Google Dividend Achievers and Dividend Champions.
3. Choose 30 companies which pay annual dividends of 3% or greater.
4. Set up your account so you quarterly dividends will be automatically be reinvested in the same companies. There should be no brokerage fees for reinvested dividends.
6. Let a couple years pass and you'll find your wealth will have growth significantly.
7. Be an investor. Do not be a trader - at least for right now!!
8. In a few years when you become. More sophisticated you may try trading options, but you are several years away from those more risky ventures right now.
9. AGAIN - NEVER LET ANYONE ELSE MANAGE YOUR MONEY!!!! YOU CAN DO THIS!!!! IF you are not smart enough to manage your money, I promise you, you are not smart enough to prevent your money manager from robbing blind.
5.
1. Open a brokerage account at Schwab, Ameritrade, etc.
2. Google Dividend Achievers and Dividend Champions.
3. Choose 30 companies which pay annual dividends of 3% or greater.
4. Set up your account so you quarterly dividends will be automatically be reinvested in the same companies. There should be no brokerage fees for reinvested dividends.
6. Let a couple years pass and you'll find your wealth will have growth significantly.
7. Be an investor. Do not be a trader - at least for right now!!
8. In a few years when you become. More sophisticated you may try trading options, but you are several years away from those more risky ventures right now.
9. AGAIN - NEVER LET ANYONE ELSE MANAGE YOUR MONEY!!!! YOU CAN DO THIS!!!! IF you are not smart enough to manage your money, I promise you, you are not smart enough to prevent your money manager from robbing blind.
5.
Anonymous
10/09/2013 00:54
Subject: What should I do with $300k?
Anonymous wrote:Anonymous wrote:Savings of $200 per month invested with a 3% annual return will get you $300,000 in about 53 years.
Savings of $200 per month invested with a 10% annual return will get you $300,000 in about 27 years.
Savings of $2000 per month invested at 3% annual return will get you $300,000 in about 11 years
Savings of $2000 per month invested at 10% annual return will get you $300,000 in about 8.5 years
In what world does this happen?
The 1990's
Anonymous
10/07/2013 21:13
Subject: What should I do with $300k?
Long term avg returns are over 12% for the S&P 500. But you have to stomach a roller coaster. And be ready to stay in for a long long time.
Anonymous
10/07/2013 19:06
Subject: What should I do with $300k?
Anonymous wrote:Anonymous wrote:Savings of $200 per month invested with a 3% annual return will get you $300,000 in about 53 years.
Savings of $200 per month invested with a 10% annual return will get you $300,000 in about 27 years.
Savings of $2000 per month invested at 3% annual return will get you $300,000 in about 11 years
Savings of $2000 per month invested at 10% annual return will get you $300,000 in about 8.5 years
In what world does this happen?
Madoff world. Caveat emptor!
Anonymous
10/07/2013 15:22
Subject: What should I do with $300k?
Anonymous wrote:Savings of $200 per month invested with a 3% annual return will get you $300,000 in about 53 years.
Savings of $200 per month invested with a 10% annual return will get you $300,000 in about 27 years.
Savings of $2000 per month invested at 3% annual return will get you $300,000 in about 11 years
Savings of $2000 per month invested at 10% annual return will get you $300,000 in about 8.5 years
In what world does this happen?