All you Rockefellers/ Financial Investment Gurus

[southlakehawk]

My observations of the OT community are that this place is packed & racked with seven figure income studs. Where can I place some $$ to get a decent return on it but have access to it in case of an emergency should one spring up. Just put a couple of hundred bucks per month in it. I'm not well versed in stock market. I'm not going to retire for awhile. I'm vested in a pension so I'm setting ok. Just trying to add a little dinero on the side. Advice away ....

 

[2winCitiesHawk]

Emergency savings? You’ll want to put it in a money market or savings account to stay liquid. Interest rates suck though but that’s not the point for an emergency savings.

 

[SoDakHawk]

Where can I place some $$ to get a decent return on it but have access to it in case of an emergency should one spring up.

This is where your choices become limited. If you need access to the funds you're probably looking at a money market account as your best option.

 

[Run&Blade]

Buy any mutual fund, you can sell and get your money back in your hands in less than five business days.

I would put it all in stocks and skip the old lady funds. 2 or 3 % ?? Might as well stick it under your bed.

 

[gonegoIfling]

With trump in office it’s easy to make 80% in the stock market. You should put all your money in the stocks.

 

[StormHawk42]

If it’s an emergency fund, an online high yield savings account or money market should do the trick. Maybe an all bond ETF.

 

[goldmom]

My observations of the OT community are that this place is packed & racked with seven figure income studs. Where can I place some $$ to get a decent return on it but have access to it in case of an emergency should one spring up. Just put a couple of hundred bucks per month in it. I'm not well versed in stock market. I'm not going to retire for awhile. I'm vested in a pension so I'm setting ok. Just trying to add a little dinero on the side. Advice away ....

Carroll Dragons? You are joking. Everyone knows you're uber rich out there.

 

[Nipigu]

Send it to Michael Avenatti.

 

[joelbc1]

My observations of the OT community are that this place is packed & racked with seven figure income studs. Where can I place some $$ to get a decent return on it but have access to it in case of an emergency should one spring up. Just put a couple of hundred bucks per month in it. I'm not well versed in stock market. I'm not going to retire for awhile. I'm vested in a pension so I'm setting ok. Just trying to add a little dinero on the side. Advice away ....

An internet bank...like Ally pays a helluva lot more than a brick and mortar bank in most cases.....But higher returns are often tied to allowing others to control your money for longer periods of time.
Without being a "smartass"..''have you or are yoiu in position to consider a Financial advisor/planner? Thats what you pay these guys for....I'd look for an independent who as the whole field of finances to deal with...

 

[Bum Leer]

I've recently (September) started worthy bonds. Put around $125/month into it. Been good, so far. 5% return .

 

[southlakehawk]

Carroll Dragons? You are joking. Everyone knows you're uber rich out there.

I teach there, can't afford to live in Southlake Just read where the average price of a house sold in Southlake last year was $750,000. Which I thought was low from what I see around

Not an emergency fund. I have that set up

What are some good mutual funds?

 

[Bonerfarts]

I put 12k in mutual funds about 15 years ago. I’m close to 50k in there today (took a huge dump during GWB) years. Be patient and don’t check it every day.

 

[2winCitiesHawk]

Open a fidelity account, put it in a low cost index fund that tracks the s&p 500.

/thread

 

[TheTruthTheWholeTruth]

So not a true emergency fund but liquid enough to get at if necessary? S&P index fund.

 

[RunRonnieRun]

I've recently (September) started worthy bonds. Put around $125/month into it. Been good, so far. 5% return .

roughly pacing with inflation. great work!

 

[ThamesHawk]

A good return AND is liquid... bull semen.

 

[Formerly Rockymtnole]

Do you have any credit card/consumer debt?

 

[StormHawk42]

Open a fidelity account, put it in a low cost index fund that tracks the s&p 500.

/thread

I use Schwab but otherwise this is the correct answer

 

[Lone Clone]

My observations of the OT community are that this place is packed & racked with seven figure income studs. Where can I place some $$ to get a decent return on it but have access to it in case of an emergency should one spring up. Just put a couple of hundred bucks per month in it. I'm not well versed in stock market. I'm not going to retire for awhile. I'm vested in a pension so I'm setting ok. Just trying to add a little dinero on the side. Advice away ....

A good, conservative diversified mutual fund is exactly what you want.

 

[MitchLL]

Buy any mutual fund, you can sell and get your money back in your hands in less than five business days.

I would put it all in stocks and skip the old lady funds. 2 or 3 % ?? Might as well stick it under your bed.

If you have it as an emergency fund...and needed the $$$... I think you'd have been sick to your stomach in December 2018 when the equity markets/S&P lost 10-12% in one month.

The fact that the market rebounded is immaterial. Emergency fund should NEVER be in stocks.

 

[3 and Out on D]

Open a fidelity account, put it in a low cost index fund that tracks the s&p 500.

/thread

Vanguard may have lower costs than Fidelity. Although Fidelity is better than most.

 

[2winCitiesHawk]

Vanguard may have lower costs than Fidelity. Although Fidelity is better than most.

Think they both have low or no fee. Been awhile since I checked

 

[JohnBasedow]

My observations of the OT community are that this place is packed & racked with seven figure income studs. Where can I place some $$ to get a decent return on it but have access to it in case of an emergency should one spring up. Just put a couple of hundred bucks per month in it. I'm not well versed in stock market. I'm not going to retire for awhile. I'm vested in a pension so I'm setting ok. Just trying to add a little dinero on the side. Advice away ....

Look into the app called Twine. It’s all hands off.

 

[Run&Blade]

If you have it as an emergency fund...and needed the $$$... I think you'd have been sick to your stomach in December 2018 when the equity markets/S&P lost 10-12% in one month.

The fact that the market rebounded is immaterial. Emergency fund should NEVER be in stocks.

Nah. My emergency fund has been in Apple Microsoft and Amazon for a decade. It could drop in half tomorrow and I am way way ahead of the shit banks or bond funds pay.

the key is keep buying and dollar cost average it in.

pretend you have $10,000. I wouldn’t dump it all in at once, split it up over 3 or 4 months.

when the market craps out I don’t get sick to my stomach, because that’s when it’s time to buy.

people are not going to stop using Microsoft Office, using IPhones, or buying stuff off Amazon.

 

[southlakehawk]

Do you have any credit card/consumer debt?

only debt I'll have in about 2 months will be my mortgage....that will disappear in about 5 years....no car payments...no credit card debt....mortgage & paying the living bills (utilities/food/....) thats about it

 

[southlakehawk]

Open a fidelity account, put it in a low cost index fund that tracks the s&p 500.

/thread

could you give me a name...I'm not well versed when it comes to the investment world...

 

[Gonolz]

Put it all in gold!

 

[QChawks]

We started mutual fund for both our kids a few years. Rather than a college fund, we started with $5k each and add $200/mo. They are already at $13.5k. each.

they might be able to pay for a couple years at Iowa when they graduate in 2029 & 2031

 

[hawk-i bob]

Putting 100% into stocks is the biggest risk largest reward (until one hits a year like 2008).

Here are the current equities I use that have done nicely. ...diversity is the key.​

American Funds EuroPacific Growth Fund
Large-Cap Growth Index Fund - Institutional Class
Large-Cap Value Index Fund - Institutional Cla
Real Estate Securities Fund -
Harbor International Fund Institutional Class
American Funds Washington Mutual Investors Fund
Vanguard Small-Cap Growth Index Fund Institutional
American Funds Growth Fund of America
VICTORY MUN MIDCAP CORE GROW Y
Lazard Emerging Markets Equity Portfolio Institutional Class
Columbia Small Cap Value Fund I Instl
Vanguard Small-Cap Index Fund Institutional

 

[MitchLL]

Nah. My emergency fund has been in Apple Microsoft and Amazon for a decade. It could drop in half tomorrow and I am way way ahead of the shit banks or bond funds pay.

the key is keep buying and dollar cost average it in.

pretend you have $10,000. I wouldn’t dump it all in at once, split it up over 3 or 4 months.

when the market craps out I don’t get sick to my stomach, because that’s when it’s time to buy.

people are not going to stop using Microsoft Office, using IPhones, or buying stuff off Amazon.

You don't know what an emergency fund is, do you? Most people can't afford to see big drops in the short term. That's what you open yourself up to being in equities.

Leave the investment discussions to people that know what the hell they're talking about.

 

[southlakehawk]

Anyone familiar with this from Fidelity ?
https://www.cnbc.com/2018/09/04/fid...r-free-index-funds-and-1-billion-follows.html

 

[Gonolz]

Putting 100% into stocks is the biggest risk largest reward (until one hits a year like 2008).

Here are the current equities I use that have done nicely. ...diversity is the key.​

American Funds EuroPacific Growth Fund
Large-Cap Growth Index Fund - Institutional Class
Large-Cap Value Index Fund - Institutional Cla
Real Estate Securities Fund -
Harbor International Fund Institutional Class
American Funds Washington Mutual Investors Fund
Vanguard Small-Cap Growth Index Fund Institutional
American Funds Growth Fund of America
VICTORY MUN MIDCAP CORE GROW Y
Lazard Emerging Markets Equity Portfolio Institutional Class
Columbia Small Cap Value Fund I Instl
Vanguard Small-Cap Index Fund Institutional

Those aren't equities, they are funds that invest in equities. You are paying a lot in fees for those funds to invest your money in equities. Nevertheless, in the long term, you should be fine.

Btw, everyone invested has done well in the longest bull market in history. Don't think that means your advisor or you are a genius.

 

[hawk-i bob]

Those aren't equities, they are funds that invest in equities. You are paying a lot in fees for those funds to invest your money in equities. Nevertheless, in the long term, you should be fine.

it cost me 1% of my total investments per quarter ..well worth it..

 

[MitchLL]

Putting 100% into stocks is the biggest risk largest reward (until one hits a year like 2008).

Here are the current equities I use that have done nicely. ...diversity is the key.​

American Funds EuroPacific Growth Fund
Large-Cap Growth Index Fund - Institutional Class
Large-Cap Value Index Fund - Institutional Cla
Real Estate Securities Fund -
Harbor International Fund Institutional Class
American Funds Washington Mutual Investors Fund
Vanguard Small-Cap Growth Index Fund Institutional
American Funds Growth Fund of America
VICTORY MUN MIDCAP CORE GROW Y
Lazard Emerging Markets Equity Portfolio Institutional Class
Columbia Small Cap Value Fund I Instl
Vanguard Small-Cap Index Fund Institutional

That's a real nice list, but not sure those would be "emergency fund" options. Most people consider emergency funds as $$$ you might need in a hurry to cover an unexpected personal expense. No one should be aiming for big returns in short term investing.

 

[Gonolz]

it cost me 1% of my total investments per quarter ..well worth it..

Did you make a mistake in stating that??? Even the top tier financial advisors usually only charge 2% per year, or .5% per quarter. 4% per year would be an enormous drag on your returns.

 

[bdg8]

it cost me 1% of my total investments per quarter ..well worth it..

per quarter? I thought one percent annually sucked

Anyone ever use a fiduciary type who just charges a set fee?

 

[StormHawk42]

it cost me 1% of my total investments per quarter ..well worth it..

I assume you meant 1% annually payable across 4 quarters.

4% annually would be unheard of.

 

[hawk-i bob]

That's a real nice list, but not sure those would be "emergency fund" options. Most people consider emergency funds as $$$ you might need in a hurry to cover an unexpected personal expense. No one should be aiming for big returns in short term investing.

didn't say they were...I have 8.75% of my money in fixed income...for emergency.

 

[StormHawk42]

per quarter? I thought one percent annually sucked

Anyone ever use a fiduciary type who just charges a set fee?

I work for a trust division in a bank. We charge an annual basis point fee payable monthly. Or are you talking about a flat fee? Not sure how common those are.

 

[hawk-i bob]

I assume you meant 1% annually payable across 4 quarters.

4% annually would be unheard of.

yes 1% annually.