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Forum » Misc teach me how to invest. Successful people only...
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Thread: Misc teach me how to invest. Successful people only...

post 1620683341 10-28-2020, 10:05 AM
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Misc teach me how to invest. Successful people only...

If you had 20k in a savings account what would you do with it? I see the Dow is down big I’m wondering if this is the time to put money in something.

Didn’t have a father that gave me any financial advise...what should I do misc. give me a plan for retirement. What should I be doing every month?
Se Vi Pacem Para Bellum

What you know bout pain? Blood sweat and tears man im sittin in the rain.
post 1620683411 10-28-2020, 10:06 AM
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  1. Hector002
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Is that 20k part of your emergency fund or do you have money separate from that?
post 1620683671 10-28-2020, 10:08 AM
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If you want to invest read and watch whatever you can from Buffett and Munger and whats recommended by them, disregard everyone else.
post 1620683691 10-28-2020, 10:08 AM
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Originally Posted By Hector002⏩
Is that 20k part of your emergency fund or do you have money separate from that?
I have 10k in cash as well
Se Vi Pacem Para Bellum

What you know bout pain? Blood sweat and tears man im sittin in the rain.
post 1620683891 10-28-2020, 10:10 AM
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Dow is down today, but keep in mind we have been bouncing around all time highs the past 2 months.

This market is weird. The best move is probably just throwing in a certain % every week into SPY for long term.
post 1620683931 10-28-2020, 10:11 AM
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Mixtape
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post 1620683941 10-28-2020, 10:11 AM
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i keep 1 year living expense on hand because i am a conservative loser. The rest goes 100% into stonks
post 1620684061 10-28-2020, 10:12 AM
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There's two accounts you want to open. One is a Roth IRA which is for retirement. Max it out every year if you can (6k) and choose a target retirement fund.

The second account you'll want to open is a brokerage account. This is the one that you use to buy stocks and mutual funds. I use Vanguard but Charles Schwab and Fidelity are also good.
post 1620684411 10-28-2020, 10:15 AM
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Well if I was father I'd tell you to use the money to put a down payment on a good house in a decent neighborhood. The great thing about a house is its something you get use out of everyday. It improves your life immediately. Stocks just sit there until you sell them...very few investments available today bring you the kind of value that a primary home can.
"I yam what I yam" - Popeye the sailor
post 1620684811 10-28-2020, 10:18 AM
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The two best investments you can make are in Real estate and a business because these give you the best tax shelter advantages through either depreciation and corporate tax structures.

There’s a very simple book called Tax Free Wealth that gives a very basic and easy to understand explanation of these concepts.

The most liquid and easiest way to invest is probably stocks and mutual funds
post 1620686111 10-28-2020, 10:30 AM
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Misc of your 27 and live at home would you put a down payment on a house before you invest in stocks iras 401k?
Se Vi Pacem Para Bellum

What you know bout pain? Blood sweat and tears man im sittin in the rain.
post 1620686851 10-28-2020, 10:38 AM
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Originally Posted By CalmYerSwag⏩
Misc of your 27 and live at home would you put a down payment on a house before you invest in stocks iras 401k?
If you are going to be there for at least 5 years then yes.
post 1620689691 10-28-2020, 11:02 AM
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I don’t want to be. I want to get a house as soon as I can but this could be a good time to jump in the markets since it’s down
Se Vi Pacem Para Bellum

What you know bout pain? Blood sweat and tears man im sittin in the rain.
post 1620689941 10-28-2020, 11:05 AM
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The best advice to investing is to always be investing/saving, especially when you are young
Dallas Cowboys

Lifted for 30 years

Ass > tits
No Debt Crew
post 1620690711 10-28-2020, 11:13 AM
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accept a low risk 1-2%
or take a risk and
learn from you aggregated
losses..!
post 1620691831 10-28-2020, 11:24 AM
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How to invest

1. Make friends with shady middle-upper and upper class people in a wide variety of industries

2. Suk miles of dik and become member of congress

3. You can now *legally* insider-trade

4. Stay in same job until 75, doing bare minimum work by only passing bills that directly benefit you and you friends
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