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  • JDDJ
    replied
    Originally posted by Jack_Sparrow View Post
    Buy AMD, BA, V, MU and BABA stocks. They are going to be the nice gainers of 2020. You heard it hear first...
    Sir, I'd agree with AMD, BABA, but other I am struggling with trying to understand the long term view. BA, sure the almost monopoly (not sure if there is such a thing as almost monopoly!), but V and MU there are lot of options in both cases. Lot of competition too!

    Leave a comment:


  • Kennyt7
    replied
    read books by bogle, malkiel, and swedroe
    7th grade material
    the biggest factor is what you choose as your Asset Allocation start with 110 minus age for stock, rest in bonds, then self educate

    Leave a comment:


  • Jack_Sparrow
    replied
    Buy AMD, BA, V, MU and BABA stocks. They are going to be the nice gainers of 2020. You heard it hear first...

    Leave a comment:


  • pierre
    replied
    OP,

    It sound alike you've decided against the terrible insurance, but just to make sure, have you seen this thread?

    https://www.whitecoatinvestor.com/fo...cy-of-the-week

    Leave a comment:


  • Kennyt7
    replied
    READ"IF YOU CAN HOW MILLENIALS GET RICH SLOWLY"-online as a PDF READ AND REREAD IT AND FOLLOW THE ADVICE
    and please don't buy whole life

    Leave a comment:


  • Cubicle
    replied
    Originally posted by Sleepez View Post
    Thank you all,

    Have been reading Boggles post and has filled many of the small wholes I had in my understanding. Now I know indexes are the best.. would you choose more of index mutual funds or a mix of that with ETFs (SPY, VOO, etc)
    Vanguard has a patent that makes their mutual funds as tax efficient as their ETFs. Other companies may not be able to do this. So if at Vanguard, no preference. If at other institutions, then check if there would be tax advantages of one over the other. Nothing against the other institutions, I just have all my investments at Vanguard except my Fidelity HSA.

    From what I have seen & read, small wonky sectors funds tend to be formulated as ETFs, so you might see some flashy gimmicky ETFs more often than mutual funds. Don't take the bait.

    And as Lordosis stated, minimums are one difference. 1 ETF share is cheaper than most mutual fund minimums. But mutual funds are easier to buy whole dollar amounts of.

    And while SPY & VOO are fine (thank you Jack Bogle & Warren Buffet)... is that as much market exposure you want? No international? No smaller companies? Might I suggest you look into VT & VTWAX? And maybe possibly perhaps a small cap value tilt (Paul Merriman), if so inclined, if you have the risk tolerance, if you need a modicum more excitement in your investing life. Both I mentioned prior, but just repeating for emphasis & consideration for those who may be interested.

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  • Lordosis
    replied
    I prefer mutual funds just because his easy to put in the dollar amount that I want and can automate it as I desire. Some mutual funds can have minimums however they are generally 1 to $3,000 sometimes up to $10,000 and that prevents some people from starting in these when they do not have that much to invest. Also I use vanguard mutual funds and there's very little tax difference between them and the similar exchange traded funds. Fees are also quite similar.

    The difference is really are quite minimal and you could do either one I would not impact your journey to financial Independence.

    Leave a comment:


  • StarTrekDoc
    replied
    Welcome!

    You have the basths.down already and a Huge shovel to make hay.

    What you need is a long term financial planner and wealth manager for long term strategic planning which can look very different for different people.

    Bogleheads and here tend to focus primarily on equities. There's alot more in the world than that and you may want to consider that once you've built up a nice retirement cache.

    Choose a flat fee advisor from this forum....well worth a sit down to planning.

    Also. The biggest risk? That MBA girlfriend!....or better or worse....remember those words. Going on 21 years on our journey

    Leave a comment:


  • CordMcNally
    replied
    Originally posted by Sleepez View Post
    Thank you all,

    Have been reading Boggles post and has filled many of the small wholes I had in my understanding. Now I know indexes are the best.. would you choose more of index mutual funds or a mix of that with ETFs (SPY, VOO, etc)
    Develop a personal investment policy statement and that will answer your question. You can also read up on mutual funds vs. ETFs.

    https://www.bogleheads.org/wiki/Inve...licy_statement

    https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds

    Leave a comment:


  • Sleepez
    replied
    Thank you all,

    Have been reading Boggles post and has filled many of the small wholes I had in my understanding. Now I know indexes are the best.. would you choose more of index mutual funds or a mix of that with ETFs (SPY, VOO, etc)

    Leave a comment:


  • Cubicle
    replied
    The advisor is probably a licensed insurance agent, if not a dually registered advisor. Variable universal life, equity indexed life, or some variant of the name is probably the product. "Returns of the market with none of the risk". Or a newer-ish product, "buffered index/variable/equity life".

    No matter the name, you don't need life insurance. You have no one dependent on your income. And if you did need insurance, any of these are not in your best interests.

    Leave a comment:


  • Lordosis
    replied
    Great advice above. Just keep shoveling extra into low cost index funds and read up on it. After you learn everything you need to know about investing and personal finance you will learn that the best thing to do is to shovel money into low-cost index funds and you'll be very happy with yourself.

    Leave a comment:


  • EM-CCM MD
    replied
    Originally posted by Sleepez View Post
    Thank you all for this advice. It has been great.

    I should mention that I an single but have a stable girlfriend. Great gal who loves simple things like me. We do our occasional vacation trips but we are able to keep the cost low. She makes roughly 70k/ yr and is working on her MBA.

    So I mentioned I'm maxed on my 401k, backdoor Roth and HSA. I also have a own occ disability insurance.

    As far as the advisor who suggested that, as soon as he told me life insurance I said no.. but he said he will show me something I like and that's when he sort of lost me.. but i like to do my own research anyways. The point that he was trying to make is that I have most of my retirement funds in tax free - taxes on investments but he said that life insurance is tax free - tax deferred investments. Which makes sort of sense but still do not want it.

    Furthermore, my retirement accounts are all in low risk index funds. For a brokerage account with vanguard what type of low cost indexes and/or ETFs should I choose? I should mention that I'm high risk tolerant. As so, if the market crashes tomorrow and I lose 50% of my money I would buy a ************************ of alot more. Keeps my buying cost low.

    Thanks all
    Again. Stop. He’s going to show you smoke and mirrors and try to sell you a variant of whole life. There are no other vehicles. There is no reason to ever speak to him again. He has nothing to offer you. You are better off than that “advisor”/salesman.

    Leave a comment:


  • billy
    replied
    Run from that advisor asap. Click on the wci post https://www.whitecoatinvestor.com/wh...ife-insurance/ for a better explanation. See how with whole life you will likely have negative returns for at least 10 yrs. Compare apples to apples: whole life vs term life plus the difference in cost invested in a taxable account.

    But you are on the road to great financial success already

    Leave a comment:


  • CordMcNally
    replied
    I wouldn’t meet again with that advisor. He’ll show you all kinds of fancy charts and graphs that appear to make an insurance policy a good idea and many people end up falling into that trap.

    If you are risk tolerant then I’d just open a taxable account and plow money into a US total market fund (such as VTSAX).

    Leave a comment:

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