My wife and I are looking for a good book to help us make some better financial plans. We had our first child in the past year and my wife will finish graduate school and start a job in a few months. Accordingly, we'd like to redo our financial plans, and we'd like a book to help guide us. [more inside]
What is the difference between making an overpayment [allowed once per year without penalty] and hanging onto that money until the mortgage is up for renewal? [more inside]
my relative wants to invest in the US stock market. he lives abroad and has no social security #, i.e., is a completed foreigner ("non-resident alien"). he proposed that i invest his money under my name and my social security #, and is increasingly insistent. i certainly can set up another account to keep his money and any investment / transactions completely separate from mine, but i am concerned about whether this is legal and also tax consequence. is this sth doable?
My employer is beginning to offer a 401k in January. The provider is American. The selection of funds is ... old school: a bunch of managed mutual funds that aim for "growth" with TERs around 0.7-0.9%. I'm totally sold on low cost index tracking funds, so this is disappointing to me, but it's not going to change. I am decades away from retirement. Should I just contribute as normal to the 401k and then hope to roll it over (and change fund allocation) to what will hopefully be a more modern plan at my next employer (in a year or two). Or do I have any other options? [more inside]
I'm currently homeless, bumming around Europe aimlessly. I am lucky enough to have a bit of cash, £200k UK. But no idea what to do with it. Sorry if this is an annoying question to some... [more inside]
My wife and I are trying to get our retirement accounts organized and allocated properly. When we're comparing our investment options, how can we be sure that we're taking into account all the costs? [more inside]
I have some money to invest (greater than $10,000). I’d like to gain exposure to the stock market. It seems index funds are a good way to go. Please recommend some specific funds or products which I should look into. FWIW I am in Australia. [more inside]
I'm considering buying residential property to rent out, either in Portland, ME or Orlando, FL. Quite different scenarios, so the decision isn't really apples-to-apples. [more inside]
For a small-time, late twenties employee working two jobs trying to make ends meet (and who knows next to nothing about the world of stocks and investing), how can he get involved in it without getting hurt? [more inside]
I know about nothing about investments, but would like my 401k to be with a socially responsible investment (SRI) fund. I have an opportunity to recommend one or more funds to the 401k provider for the company I work at. I'm wondering about the best way to do it. [more inside]
If I wanted to buy a house or condo in a distant state as an investment, and I had an opportunity to buy a place outright, with tenants and leases already in place, should I? How about outright but sans tenants? More info within. [more inside]
What particular measures are in place to oversee stock market index funds and ETFs to make sure their financial management is on the up-and-up? Aside from the usual auditing that happens at all corporations are there any special procedures that apply to the fund industry? What are the chances of a significant accounting scandal at one of the major fund companies?
The developer of my neighborhood (a single individual) built a personal home in the neighborhood and still lives here. He was the HOA's acting president (as the developer) until the development reached 75% capacity and then had 120 days to hold a vote to transition to an Owner based HOA. The new board has parsed the numbers and I am most concerned with insane "investment" he made to himself with the HOA's money -- resulting in a $15k loss. Can this be legal? [more inside]
I left a cushy job 7 years ago to start my own business in IT. The company posted huge losses during the first three years of operation and I even had to sell my house in order to survive and keep the company afloat. Although the business is doing increasingly better, the hardship of the past years has taken its toll on my morale and I sometimes feel that I cannot take it anymore. How do I motivate myself to keep going? [more inside]
I designed an app for tablets that I'd like to present to potential investors. Problem is, I can't make an in-person presentation and I'll have to settle for an online one. How do the professionals usually go about this (videos, images, ...)? [more inside]
In need of recommendations for a comprehensive financial planner in the DC area. [more inside]
I'm trying to compare the compounded losses due to inflation to non-compounded profits. E.g. if inflation makes me lose 3% of an investment each year, what % would I need to profit each year in order to exactly keep up? This is tricky because the profit is not compounded the way inflation is. I'm not looking for an answer to this specific question, but rather, looking for a tool or method to do this kind of math. [more inside]
I've been with my company (a major Oil and Gas E&P company) for seven years now, and I've moved domestically three times with them. My major is in Petroleum Engineering with an emphasis on Reservoir Engineering and I'm currently getting my MBA. I am considering getting into investment banking for energy A&D (acquisition and divestiture) advisory activities. What is the career path (I was told I would start at associate level II) and what doors could this open for me? Say I do this for 2-3 years ... what makes sense from a career standpoint next?? I got into my industry to move oversees eventually. Is this an option with an A&D advisory position? Similarly, does this open doors to live places where oil is not, such as NYC or London or Chicago? Any general advice on a position like this? Has anyone made a move like this and are you happy or do you regret this move?
It's from my lovely wife's recent inheritance. It's not a lot, I know, but enough that we don't want to just stick it in the bank. [more inside]
My mom wants to invest $5K (which she could afford to lose) in possibly high-return, but also possibly high-risk, sectors of the stock market. She's asked me to do the research and manage the investment. I'm interested, but I don't know much about investing in stocks, so I want to proceed cautiously. How do I educate myself about this field? What are some specific sectors to research? What red flags should I be looking for? What about the practicalities, e.g. choosing an online broker? Or is this just a bad idea? [more inside]
I'm a freelancer. I don't yet have enough in my super to make it worthwhile converting to a self managed super fund due to the management costs. Or so I believe. But I figure I have the time to weather some major market wobbles, so I would like my super to be a more aggressive. Is there anyone offering some kind of buffet style super, and with reasonable management fees? The more fine-grained/wider choice the better, though I don't think I need to be picking particular stocks. And if not, I'd be interested in anyone's favourite high growth super funds, or insights into the cost of SMSFs.
I'm the kind of person who gets worried enough they'll do their work not well, or make a mistake, that they end up either not starting or working too slowly and filled with dread. Last week, I had to work late on a project. I had two beers in the process, found I cared less about the anxiety and dread and perfectionism, and just did a better, less stressful job. I want to do this without drinking. [more inside]
Why should I put money in an IRA, as opposed to just investing it normally? [more inside]
I would like to finally start saving for retirement! I'm thinking a Roth IRA is the way to go (unless you think otherwise and can tell me why), but I am a little confused/overwhelmed with how to proceed. A few snowflakes inside. [more inside]
For the first time in my life I'm actually making decent money! How do I balance spending and saving? [more inside]
I've recently moved to the UK, but I still have about $160k in dollars from the sale of a house and savings. I'd like to invest this money, which is currently sitting in a US savings account, but I'm not sure if I should do so in the UK or in the US. I plan to stay here for the long-term (probably will eventually become a citizen). [more inside]
So you've got $25,000 that you want to invest for 3-4 years. You're not interested in something crazy, you know nothing about the stock market, and you're financially conservative. What is the best financial tool for this? [I'm asking this for a friend of mine] Thanks
I have a bit of discretionary money (1k). Rather than just letting it sit in a bank account earning basically no interest, I am opting to dip my toes in to the world of stocks, options, investing, etc. Other than buying shares in a company I am already aware of and think is going to do well in the future (which isn't always that simple, I know), how do people independently (ie. not via a broker) research and learn about other stocks and worthy investments? [more inside]
I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
I believe at some point in the near future (e.g., the next three years) the revenue model of for-profit colleges will collapse. I would like to take a short position and profit from their failure. What are some creative ways of doing this? [more inside]
I have a bunch of money I've been wanting to dump into a low-fee index fund all year. (It's my retirement account.) I've been holding off because of the whole budget/debt ceiling business that's been going on all year. It looks like events will be coming to a head this week. If the market totally craters, would that be a good time to buy? [more inside]
Miley Cyrus is worth $150 million. Supposing she had that all in cash, if she wanted to retire today, how much could she count on making a year on investments, indefinitely? That is, given current conditions/interest rates/etc. I have the impression that people with that much money can do a lot better than your average rube like me with a 401k, but I'm not sure that's correct or by how much.
I would like to invest money in emergent technologies that may be a little further down the road. [more inside]
Changes in my career over the last couple of years have meant that I now find myself, for the first time, being in the position of having a significant amount of spare income at my disposal. Since I have recently entered my forties I plan to invest this in the financial markets, with a initial 15-20 year timescale in mind. I am looking at investing something like $1000 per month into a managed plan split over several funds. Given that I am a total newbie when it comes to investing, what advice can people give me on splitting my pot of money across low to high risk? What are classic first-time investor mistakes? I am currently thinking about something like 90% of my investment split across low to medium risk, with the rest reserved for high risk. Does that sound reasonable? Would I be shooting myself in the foot if all of my pots were in the same currency in the same geographic location or should I diversify as much as possible? [more inside]
I asked earlier about how to invest my savings (twenty-five thousand). And although a lot of the answers were good, many were not realistic for someone living in Canada, as our tax laws are different. Also, I have decent retirement fund already so I don't want to put anything into that. So for now I'm just keeping it in my 3% savings account until I decide later what to do with it. [more inside]
If you had $250k, how would you invest it? What would your investment portfolio look like if you were a guy in his mid 20s? [more inside]
How do I select a money manager, financial planner or investment advisor? [more inside]
Advice please for hands-off medium to long term investment of about £12,000 in Britain, with complication. [more inside]
How long will it take for medium/long-term municipal bonds to recover from inevitably increasing interest rates? For instance, taking into account the interest payments what is the timeframe necessary to hold longer term municipal bonds before you break even from increasing interest rates? Relatives of mine are invested in FHIGX and I know that as rates increase the face value of their bond portfolio will decrease but when is the expected break-even based on a historical average of say 5% short-term rates? Thank you for your help with this question.
We're thinking of selling our house within the next 18-24 months, and the siding on it now is ugly-ass T1-11 that I put on myself about a decade ago when I was young and full of hubris. We're getting quotes in the $12-15K range to redo the whole two-story house in mid-quality vinyl. Is this an investment that will pay for itself in terms of resale value? [more inside]
How do I find possible speakers for an investment group? [more inside]
I have £150 spare this month and would like to spend it in a way that benefits the environment (climate change related). I'd love your suggestions about how I can use this money to have the most impact, whether that's donating to a top notch environmental charity or investing it in a green tech (renewables, insulation etc.) company that is doing particularly good work.
I want to understand retirement savings and long-term investment products. Who do I want to speak with and how I find them? (Some relevant details inside.) [more inside]
I don't have a lot of debt or expenses, so my income keeps piling up in my checking account. Unfortunately, I don't know much about finance or investment. I want to make sure that I don't lose money year over year because of inflation, but pretty much all the CDs and savings accounts I've seen have an APY lower than the inflation rate (which is >= 1.5% according to various websites). I don't care about playing the stock market; all I want is to avoid losing my money through inaction. How do people in this situation keep up with inflation while at the same time minimizing their financial risk?
My best friend has $10,000 to invest and she wants to open up a business selling shoes for people with wide feet that are greater than the sizes that are usually available in stores (one of her friends has this as a great need) or an online store that sells adult toys. Are any of these worthy endeavors for me and her to pursue? If not, what is the best way to make money with a $10,000 investment?
I've become very interested in the philosophy of Value INvesting, first espoused by Benjamin Graham and later on by his followers Irvin Kahn and Warren E. Buffet. I have come across a program at Columbia Business College entitled The Value Investment Program wherein forty students are allowed to take classes on Value Investing at the tutelage of Bruce Greenwald among numerous others. As I am not a Columbia Business student, I have no access to these materials but would be very much obliged if anyone could give me some of the work in these classes or in classes very similar to this type of course seeking to inculcate in students a solid understanding of how to pick value investment stocks. Also any other user-friendly books and or website resources on value investing would also be helpful. THANKS
I am 28, have a $60,000 a year job in Accounting and expect to be making close to $100,000 in seven years (after that, raises more uncertain). I want to retire some time in my early to mid 40s. I have a wife who is 34 and works as a retail manager (making about $40,000 a year). I am planning on living off of 20% of our after tax income (excluding mortgage payments). We currently do not have a mortgage but are planning on a house soon. We would like to travel at will and have the (option) of not working ever again. We also do not mind retiring in a cheaper location (Costa Rica, etc) to save on costs. What investment vehicles should I be considering given that I am retiring early? What kind of jobs that are part time could a retiree easily perform? How much money should be going in employee 401k type programs vs. individual investment options and IRA contributions. [more inside]
I've saved up about $80,000 over the past few years, with no debts, loans, or mortgages. It's always been my dream to travel the world, and I've been planning to take my money and run off for the next few years, hopefully figuring out how to run an independent software business in the process. However, I don't know much about investing, and for all I know there might be a better use of my savings right around the corner. (Two questions about investing inside.) [more inside]
I'm taking a new job with a very small company that doesn't offer a 401k. My spouse's job does offer a 401k. Based on what I see on this page, with our income, we would not be able to deduct any contributions I make to an IRA, and we're not eligible for a Roth IRA. So what is my best retirement investment strategy? [more inside]
Is investing half my income into silver a pretty good way to go for my future? [more inside]