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.
posted by hifimofo
on Apr 6, 2014 -
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]
posted by Ash3000
on Mar 24, 2014 -
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]
posted by likeatoaster
on Feb 20, 2014 -
For the first time in my life I'm actually making decent money! How do I balance spending and saving? [more inside]
posted by masters2010
on Jan 26, 2014 -
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]
posted by anonymous
on Jan 15, 2014 -
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]
posted by Murray M
on Dec 15, 2013 -
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]
posted by PuppetMcSockerson
on Dec 6, 2013 -
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!
posted by losdavos
on Oct 24, 2013 -
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]
posted by quadog
on Oct 15, 2013 -
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]
posted by evil otto
on Oct 13, 2013 -
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.
posted by ftm
on Oct 6, 2013 -
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]
posted by teselecta
on Sep 16, 2013 -
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]
posted by Atlantic
on Sep 15, 2013 -
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]
posted by anonymous
on Sep 10, 2013 -
How do I select a money manager, financial planner or investment advisor? [more inside]
posted by rglass
on Sep 3, 2013 -
Advice please for hands-off medium to long term investment of about £12,000 in Britain, with complication. [more inside]
posted by anadem
on Aug 4, 2013 -
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.
posted by gibbsjd77
on Jul 18, 2013 -
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]
posted by Shepherd
on Jul 11, 2013 -
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.
posted by jonrob
on Jun 14, 2013 -
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]
posted by Kurichina
on May 31, 2013 -
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?
posted by archagon
on May 16, 2013 -
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?
posted by antgly
on May 16, 2013 -
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.
posted by RapcityinBlue
on May 16, 2013 -
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]
posted by locussst
on May 4, 2013 -
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]
posted by anonymous
on Apr 29, 2013 -
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]
posted by primethyme
on Apr 25, 2013 -
Is investing half my income into silver a pretty good way to go for my future? [more inside]
posted by JJkiss
on Apr 3, 2013 -
I'm filing my own taxes for the first time as a recent college graduate (using TurboTax -- so easy!) and I have a question with regards to my Roth IRA account.
In 2012, I graduated college and started a business. We didn't open for business until late November and I only paid myself $1,250 for all my work in 2012. I also opened a Roth IRA account and contributed $5,000 for the year. However, according to TurboTax, contributions to an IRA account cannot exceed earned income.
My question: can I simply report a $1,250 contribution to the IRA on my taxes and leave the $5,000 in the IRA? Will this get me in trouble? Should I merely take out the $3,750 and invest it in a different account? If noticed, could I just plead ignorance as my first time filing?
posted by masters2010
on Mar 3, 2013 -
It was suggested to me to make a small investment in foreign currency. What are the basics? Would it be best to go through broker or to invest on my own? Help!
posted by goalyeehah
on Feb 27, 2013 -
My brother and I would like to buy a four-bedroom house, furnish it, have him live in one room and rent the other three rooms. Neither of us have any experience with real estate, renting rooms, or being in business with one another. We're looking for advice as to how to fairly structure this investment, advisers we should consult, issues that we need to consider up front, and so on. More details inside... [more inside]
posted by slide
on Feb 12, 2013 -
Mid thirties married male with no kids yet. Thinking about life insurance in case I do something stupid and die. Am I better off getting a term life insurance policy, a lifetime policy, or should I just take $100 a month and invest it on my own and use that for my wife if I suddenly kick the bucket? [more inside]
posted by wile e
on Jan 6, 2013 -
I've been saving big into a college fund since my child was born 8 years ago, on the order of $900 per month. I recently checked the 529 plan that was receiving the funds and it is currently at $90k. There is still a decade before the child would enter college, and by most estimates that could mean a doubling and a bit more if market averages do ok. My investment guy says a kid in the year 2022 might need $300k for tuition at a prestigious college and that I should continue. I think I'm pretty well set for now and it could be around $200k by then with no added input. Should I continue putting money away in this account or should I divert that into my own retirement (which is doing well too, but could always be better)? Or contribute less? When is enough enough for college?
posted by anonymous
on Dec 31, 2012 -
Can you recommend a financial planner in DC? Also. Um. How does that work? Newlywed financial noob questions inside. [more inside]
posted by fontophilic
on Dec 26, 2012 -
Do I want to become a landlady? I have reached the point I've been working toward since I bought my house. I want to build a garage in my big back yard, and/or build a rental unit. [more inside]
posted by caryatid
on Dec 9, 2012 -
I have a growing chunk of money in my checking account. I've paid off my student loans and don't have credit card debt. What's the most responsible way to manage this money? Does a potential major move affect the analysis? [more inside]
posted by anonymous
on Nov 2, 2012 -
I would like exposure to the Vancouver (BC) housing market in my investments, without buying an individual unit of housing. Can this be done? [more inside]
posted by ripley_
on Oct 4, 2012 -
I'm hoping for some information more then advice on investing in Canada. Really really basic investment information. [more inside]
posted by Dynex
on Sep 4, 2012 -
Do you have any experience of investing in an NRAS (National Rent Assistance Scheme) house in Australia? Or the Australian property market in general? [more inside]
posted by A Very Muddled Alpaca
on Aug 21, 2012 -
Not asking for specific investment recommendations, but general "conventional wisdom" on how best to sock away money for a down-payment on a house. [more inside]
posted by drpynchon
on Aug 4, 2012 -
Married, and have some savings. Does it make sense buying a condo just for giving it out as rental? Caveat - I may have to sell it off in about 3-4 years though so I'm wondering whether it'll all be worth it. [more inside]
posted by bbyboi
on Jul 31, 2012 -
I'm about to come into a large sum of money (in the $300-$500k range). I've never had a large sum of money. Looking for advice on what to do next. [more inside]
posted by anonymous
on Jul 30, 2012 -
I have a question about 529 Savings Plans. Now that I have a little one, I'm looking to start investing in a 529. However, there is a better than decent chance that we'll move to a new state within the next three years. Should I invest in New York's Direct plan right away (which looks great - low expense and a nice amount to write off my taxes) even though I might lose future tax benefits in another state?
posted by Stynxno
on Jul 27, 2012 -
My wife and I are buying a house in Austin, Texas ( Steiner Ranch ). We are trying to figure out how we want to finance it. We have the means to pay for the house with cash. We are being offered a mortgage at 3.6%. The cost of the house would represent about 50% of our net worth. The other 50% is fairly liquid, with an even spread between 401k, index funds, 529's, and cash. Should we do it? [more inside]
posted by jasondigitized
on Jul 11, 2012 -
How do one handle buying property jointly before getting marrried? (One partner has assets and the other one has income) [more inside]
posted by anonymous
on Jul 5, 2012 -
I'm looking to get a better return on part of my emergency savings fund, and I am interested in I-bonds. Have you purchased any, and if so, what was your experience? I'm also interested in hearing about other suitable investments. [more inside]
posted by hobbes103
on Jun 12, 2012 -