Investing 102

[ricer]

Yeah they are extremely fortunate, and I don’t think they will ever realize just how much of a boost this will be to their lives when they are older and know about the accounts. I get the whole can afford to take the risk but our reservations over all of it is we don’t want to be greedy yet at the same time would like it to grow more than a “savings” account could offer. I feel like the market is due for a correction so that’s why I was steering away from market based options.

[dhutton]

Originally Posted by ricer

Yeah they are extremely fortunate, and I don’t think they will ever realize just how much of a boost this will be to their lives when they are older and know about the accounts. I get the whole can afford to take the risk but our reservations over all of it is we don’t want to be greedy yet at the same time would like it to grow more than a “savings” account could offer. I feel like the market is due for a correction so that’s why I was steering away from market based options.

A correction will be long recovered in 15 years. Don’t let inflation steal meager gains.

Don

[WSSix]

x2 pull of a simple Index fund that tracks the S&P500. Start at 2006 and look at today. If another 2007-10 starts tomorrow, they'll be more than fine by the time they hit 25. Diversify and get in already. There's no reason to be scared when you have time on your side and don't need the money. Good luck to you and the family.

[XLexusTech]

Let's say you have followed all the things defined in this thread and you are sitting on a 7 or 8 figure nest egg. Some in retirement accounts like 401k Roth ect some not, some in long term cap gains some in short term.

Can we talk about Tax strategies ?
How do they differ when you're still making a good employment income?
How do they change when you have no employment income?
Pros and Cons of IRA to Roth conversion ladder..?

[Vegas69]

Are you boys heaping in or waiting on the sidelines to invest any real coin?

[ADY]

Sitting and waiting for some floor to be established...will likely start nibbling back slowly.

[frankv11]

Got my SS handed to me . Lost the battle not war , so I’m sitting and gathering ammo ready to deploy.