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Originally Posted by redefined
I'm 7 pages into a 358 page thread. So far it's awesome and I can't wait to read it all! So many pages to go, forums rock my world. A car forum and a thread on investing, but this time it's someone that actually knows what they are doing. Gotta love it! I'm going to need some coffee!
I'm 30 yrs old and have a good head on my shoulders as far as money goes. Sadly my wife and I haven't saved what we'd like to but we have Roth accounts and a business and I have a solid job with Deloitte. Currently I want to invest to save for retirement, save a boat load of money for our second house to buy in 2-3 years and pay off my school loans - went back to school and graduated in 2013 yay!
IRA/Roth is good and this thread is very informative and just helps to drill down into the basics. Where I struggle is picking those 'big name big cap stocks that pay you a dividend' and finding the info on the company to answer the questions of what type if dividend, large or small, and to know enough about their business and what it means if the stock cut in half. Do I buy more if it cuts in half? What determines that? Does it count on a retail customer to support their business and drive the stock? I don't trust most people so that's probably a bad idea, or is it?
Back to reading and many thanks to you Greg. Sadly since I don't have the buckets and buckets of money that some do, when I get into the mood of investing and saving it makes me want to sell everything and just save save save. '68 Camaro for sale? Haha, noooo!  |
Well - - first off thank you.
Secondly -- you have a good amount of time on your side... so if you get started you'll have a nice retirement.
Third -- Yeah - the thread has grown a bit -- but much of it is repeated info - so you'll have to learn to skip when it gets repetitive.
Fourth -- It doesn't take much to open a discount brokerage account -- and that's where you'll find a lot of info on what you're missing --- i.e., the dividend etc. But you can also get a lot of that info right on Google Finance -- and I'm sure Yahoo Finance etc.
Fifth -- It sounds good to say -- but stock don't ordinarily or regularly get "cut in half". 10% is considered bear market territory... and 20% is huge... and then that's what you'll learn by sticking with the reading of the thread -- you'll be averaging down and buying more shares when the stocks are low as compared to when they're higher priced. Trust me - stick with it - and you'll get a handle on all of how that looks.
Sixth -- Again - if you stick with the homework here - a lot of how you choose stocks -- is explained in the thread. It's really basic basic thinking - not rocket science -- and will serve you well especially given your age. You'll learn about total return -- dividend investing - investing in things you can understand and or use or recognize the companies that you do business with.
Glad to have you on board!
And don't sell the car -- but do share the "expense" with the "investing" side -- and you can do both...