Investing 102

[GregWeld]

Originally Posted by Sieg

I'll be 54 in May, small 12.5 year mortgage, insurance and utilities are the extent of debt. Separate Retirement acct. Personal stock account of which this IRA would represent 2-3%.

Gusto, something that could put a smirk on your face annually.

Or I could just give it Blake up north eh?

Drive to the nearest Casino -- put it all on Black....





You're in good shape... well... not physically... but you have a while longer to live... I'd put it into a good high dividend payer... PM - MO - CHKR - NNN - T - VZ - KMP

They're all 6% and growth (well not so much on T and VZ)...

The dividend will help you compound while you're busy sleeping... and there should be enough growth over 10+ years to bag you near a triple. Then you'll be like Warren Buffet and you'll be getting paid dividends more than you're initial investment!

[Sieg]

Originally Posted by GregWeld

Drive to the nearest Casino -- put it all on Black....





You're in good shape... well... not physically... but you have a while longer to live... I'd put it into a good high dividend payer... PM - MO - CHKR - NNN - T - VZ - KMP

They're all 6% and growth (well not so much on T and VZ)...

The dividend will help you compound while you're busy sleeping... and there should be enough growth over 10+ years to bag you near a triple. Then you'll be like Warren Buffet and you'll be getting paid dividends more than you're initial investment!

Not on maple leaf red?

I won't ever over-estimate my longevity, lost too many too soon. The next breath is a gift, not an entitlement.

The stock account already has MO - T - VZ........PM is naughty........I like it. But I'll research the others and see if they push the fun button.

Again, thank you for your enthusiastic, educational, real-world contributions to the cause.

[GregWeld]

Originally Posted by Sieg

Not on maple leaf red?

I won't ever over-estimate my longevity, lost too many too soon. The next breath is a gift, not an entitlement.

The stock account already has MO - T - VZ........PM is naughty........I like it. But I'll research the others and see if they push the fun button.

Again, thank you for your enthusiastic, educational, real-world contributions to the cause.

Seriously I don't like to recommend names... It makes me uncomfortable and just is not my gig. I'm better at the "thinking" part.. and then you get to choose on your own. I actually like the comparison conversation where we can just drill down on a couple names, over the "what should I do" kinda conversations.

Glad to see you have some good names going already

[Bucketlist2012]

Originally Posted by Sieg

Not on maple leaf red?

I won't ever over-estimate my longevity, lost too many too soon. The next breath is a gift, not an entitlement.

The stock account already has MO - T - VZ........PM is naughty........I like it. But I'll research the others and see if they push the fun button.

Again, thank you for your enthusiastic, educational, real-world contributions to the cause.

I have planned a lifetime for a long and wealthy lifetime..

Two years ago, I almost died twice....We are all on borrowed Time..

I am working on the "Balance' now... I have enough, how much do I spend and not worry ?

Tough call, but Compound Interest and TIME, have given me the tools and the money to at 52, to be able to walk away from working, and to start Living.. Slightly less healthy(brain and heart), but still healthy enough to start using this wealth before I end up dying...

Well not all of It....I am wired to always have buckets of assets somewhere..

But I love this crazy thread...

[Sieg]

Originally Posted by Sieg

So I just opened another Traditional IRA last night to stuff $2-3K away for five or so years.

Any creative funding suggestions?

Cash.......boring

ETF's

One good Steady Eddie?

I'm tempted to fund it with PM or McD and watch what happens.

So here's my creative solution to funding the IRA. My 13 year old son has Chron's which limits many young kid activities, he's also TAG level IQ and an Xbox Modern Warefare or similar junkie. I don't love the Xbox addiction but the Chron's limits normal sports and outdoor activities to a degree so.....

He's very strong in math and memory recall so I decided I'b buy something he could relate to and turn it into a learning experience that will hopefully pay off in his lifetime. He's 13 I'm heading to 54 so he's going to need to cover his own butt earlier than I had too.

I stumbled across GME (Gamestop Corp) which is a company he is very familiar with. Besides being a relatively successful company that pays a 2.6% dividend they just announced they'll be marketing used Apple equipment so I funded the IRA with 100 shares of GME.

I came home tonight and sat him down on his Apple AirBook and we created his Yahoo account and stock portfolio with GME, DJI/S&P/NAS for him and explained in detail my reasoning behind the stock selection and the potential upsides of their new market venture so he can follow the "potential" growth of the investment and begin learning the world of investing and compounding at a "leveraging" age.

The best part of the whole experience was I manage to hold his attention the entire time. Then I took him to the Lat-G Investing 102 thread and explained how it all started and gave him some background on the gentleman responsible for it.

Hopefully the seed sprouts.