Investments

**hotrod1** · 09-15-2015, 07:05 PM

Depending on your age invest in high cap, mid cap, international,bonds. 25% in each. Older you get lean towards bonds. Put it in bonds when there is a shift in power at White House. If republican is elected go to bonds. Ride it for a few months and see whats going on. When things settle spread it all back out. It's a gamble all you can do is spread your money and hope for the best. Iam leaning towards investing in buying cheap land and putting a couple cheap trailers on it and rent them out for 500 a month each. Everything will be paid off in 3 years collect for 23 years and you will make 276,000 on a 36,000 investment. Rent is outrageous now adays and its not going away. Won't have a problem finding renters for that price in my area. It's a joke what is rented for the prices out there.

**deathb4disco** · 09-15-2015, 07:41 PM

Originally Posted by prefers shiners

About the smartest guy I have ever heard is Dave Ramsey for investments & financial planning....he has a radio program daily and a website......his big deal is teaching young folks the pitfalls of credit cards and showing them how to pay off everything.....he also has recommendations on his website on where to spread your money around on the market.....

I think Dave's "get out of debt/stay out of debt" message is much better than his investment advice. For investment advice, I would look elsewhere.

**deathb4disco** · 09-15-2015, 07:42 PM

Originally Posted by DonDon

I don't have a 401k at work. Kinda thinking an Ira or a 7 year cd.

As others have mentioned, a Roth IRA is a good idea. Almost any bank or brokerage firm can set one up for you.

**DonDon** · 09-15-2015, 09:33 PM

I got a little to invest right now and bout 16 years til retirement. WB. Hooks brotha up

**KDAVID1** · 09-15-2015, 10:00 PM

Gotta have money to save/make money

**SeaRay** · 09-15-2015, 10:03 PM

Originally Posted by Tracker123

Pay off everything that you make payments on for starters.

That is the single biggest step toward financial independence. You can get by on a lot less and live a lot better if your check is not spent before you cash it. Also when they came out with the pre tax IRA plan everyone said save all you can pre tax and when you retire you will be in a lower tax bracket, etc.. Bull Malarkey. What they should have told folks like me would be to pay everything up front while you are in your peak earning years and retire and not pay tax on your savings as you draw it out. ROTH did not come along until later for me and I did not appreciate the advantage of ROTH so Uncle Sam gets a chunk of my monthly income from my IRA.

**DonDon** · 09-16-2015, 06:58 AM

So Roth is a good way to go versus a regular IRA? I think you can add 5500 to a IRA unless you're over 50. Then you can add another 1000 for a total of 6500

**feeshrman** · 09-16-2015, 09:10 AM

A regular IRA helps on your taxes for the current year only. A ROTH contribution is made after taxes, so your base and ALL of its compounded interest grows tax free. Put it this way, would you rather have 1 million on which you still owe taxes or the same million tax free.

**deathb4disco** · 09-16-2015, 09:12 AM

Originally Posted by DonDon

So Roth is a good way to go versus a regular IRA? I think you can add 5500 to a IRA unless you're over 50. Then you can add another 1000 for a total of 6500

Roth IRA vs Traditional IRA - What's The Difference? | T. Rowe Price

**Wannabe...** · 09-16-2015, 10:53 AM

Originally Posted by DonDon

So Roth is a good way to go versus a regular IRA? I think you can add 5500 to a IRA unless you're over 50. Then you can add another 1000 for a total of 6500

You can double that if Nessa is not in a 401k. Can't recall the rules but you are allowed to contribute to an IRA or a Roth up to x number of dollars even if you are eligible for a 401k but at a much reduced amount

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