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Looking for investment knowledge - The Autobiography of Russell
Life from a different perspective
zimzat
zimzat
Looking for investment knowledge
To any of my readers who happen to do any sort of investing... Is there anything out there that you'd wish you had know when you started?

I have a Roth IRA to start investing with yet practically no knowledge of what to do with it. Schwabb has advised looking at SWBGX for a moderate risk investment mutual fund. It's probably going to take several months to do much research in anything, but I'd like to do more than let the money already in the Roth IRA just sit adding a few pennies a year.

Thoughts? Links to read up on? Terms to become familiar with?

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Current Mood: curious curious

8 comments or Leave a comment
Comments
From: (Anonymous) Date: December 9th, 2010 05:34 pm (UTC) (Link)
We have ours managed by someone and spread around and right now NOTHING is making any money. We only made pennies this whole year. The world's economy is so down I don't think the average Roth did squat this year.
kupcakeaz From: kupcakeaz Date: December 9th, 2010 05:38 pm (UTC) (Link)
The above comment was from me :-)
mai_neh From: mai_neh Date: December 9th, 2010 06:13 pm (UTC) (Link)
If you want one-stop shopping, you can pick a Vanguard Target Retirement fund with the date you plan to retire, such as Vanguard Target Retirement 2050. They will handle the allocation for you, and will slowly moderate the allocation as you approach your retirement date. Vanguard is a non-profit fund management company with the lowest fees in the business.
susandennis From: susandennis Date: December 9th, 2010 06:43 pm (UTC) (Link)
When I was 42, I got something like $8K in a severance package. I was so clueless, but the company who gave me the package also gave me a free consultation with a financial advisor. We've been thick as thieves ever since. He taught me how to save, he invested my savings and now I am so very fortunate to be looking - as I near retirement - a financial bed of roses without the thorns.

If I had it to do over again, I would have gone looking for a financial investor as soon as I had 2 dimes to rub together. I'd spend my research time researching the best investor for me. A greedy Republican is your best bet. Go find one and follow his (or her) advice.
legolastn From: legolastn Date: December 9th, 2010 08:04 pm (UTC) (Link)
I have mixed opinions about investment.

Financial advisers and brokerage companies can be a great help and they can also be confining and draining. If I ever get up the energy I'd like to sever ties as much as possible with our current advisor/company. But that doesn't mean we won't end up using someone else.

There's something to be said for taking the minimalistic no-load index fund approach (low fees and basically performs based on the market). Over enough time managed funds supposedly don't perform any better than this sort of approach and you don't lose part of your investment to fees, which add up over time. This approach is also probably the most friendly to a more self-managed approach.

But there's also something to be said for picking funds that feel like a good fit for you - international funds, green funds, or whatever other quirky (or generic) managed or specialty funds float your boat can be good choices as long as they fit your risk strategy.

Although it's been a while and it might be a crap site now, in the past I've found the Motley Fool website to be helpful for general investment information: www.fool.com
mcfnord From: mcfnord Date: December 9th, 2010 08:33 pm (UTC) (Link)
there's an outrageous amount i wish i knew then!!!

now, through a lot of trial and error, i've settled on owning stocks my brokerage gives its very highest rating, and buying and selling them according to a few known patterns.
vaelynphi From: vaelynphi Date: December 9th, 2010 09:18 pm (UTC) (Link)
Don't buy US bonds. Google Finance is your friend.

I recommend keeping close tabs on anything you do.
proemial From: proemial Date: December 10th, 2010 12:53 am (UTC) (Link)
Watch the management costs of whatever you put your money into.
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