$5,000.00 to invest and forget

[Googer]

Originally posted by: MotionMan

Originally posted by: wiredspider
Roth IRA funds?

It is a dormant retirement account that I cannot combine with any other account and I do not contribute to anymore.

MotionMan

Roth is a tax sheltered investment. While most investments loose tons of money when cashed out 'cause uncle sam takes away most of your gains. Roth is Currently Set at $5,000 maximum initial investment.

http://en.wikipedia.org/wiki/Roth_IRA

 

[MotionMan]

Originally posted by: Googer

Originally posted by: MotionMan

Originally posted by: wiredspider
Roth IRA funds?

It is a dormant retirement account that I cannot combine with any other account and I do not contribute to anymore.

MotionMan

Roth is a tax sheltered investment. While most investments loose tons of money when cashed out 'cause uncle sam takes away most of your gains. Roth is Currently Set at $5,000 maximum initial investment.

http://en.wikipedia.org/wiki/Roth_IRA

Thanks, but I am not sure what that has to do with my situation.

MotionMan

 

[lucasorion]

Originally posted by: Lothar

Originally posted by: AmigaMan
Looks like I might be investing some additional funds into FAIRX. Expense ratio is pretty low and there don't appear to be any front or back end loads. I may even shift my vanguard roth to it.

Berkowitz isn't interested in charging people an arm, a leg or your 1st born like 2/20 hedge funds, or Legg Mason and Whitney Tilson that charge almost 2% for their "value" crap.

I wouldn't recommend you shift your funds from Vanguard, however if you want to get FAIRX, consider using new money.

You can even buy the fund for only $17 at Scottrade if you want without having to go directly through them.

I'm interested in buying into FAIRX, but have never invested in a fund before. I have a scottrade account, and it looks like I need to get $2500 together to start - does this have to be all at once, or can it be spaced out over some time (less than a year)?

 

[Hazaro]

Originally posted by: MotionMan
If you had $5,000.00 to invest in the U.S. stock market and you wanted to just buy the stock this week (2/4/08) and forget about it for years, what would you buy?

EDIT: ...and why?

EDIT2: ...um...and...um...WHY?!?!?!?!?

MotionMan

Wine, it makes investing easy, and if your investment goes bad then it makes the forgetting easy.

 

[conehead433]

Invest in tech since everything else is dead or too volatile at the moment. QQQQ if you think the Nasdaq is going to move higher.

 

[moparacer]

Silver and some Gold.

 

[EKKC]

since you said you want to "forget", 5 year 5% APR CD.

 

[Special K]

Originally posted by: moparacer
Silver and some Gold.

Both of these will likely plummet once the Fed starts raising interest rates again. The long-term returns of precious metals have not been that good.

 

[Schfifty Five]

Originally posted by: lucasorion

Originally posted by: Lothar

Originally posted by: AmigaMan
Looks like I might be investing some additional funds into FAIRX. Expense ratio is pretty low and there don't appear to be any front or back end loads. I may even shift my vanguard roth to it.

Berkowitz isn't interested in charging people an arm, a leg or your 1st born like 2/20 hedge funds, or Legg Mason and Whitney Tilson that charge almost 2% for their "value" crap.

I wouldn't recommend you shift your funds from Vanguard, however if you want to get FAIRX, consider using new money.

You can even buy the fund for only $17 at Scottrade if you want without having to go directly through them.

I'm interested in buying into FAIRX, but have never invested in a fund before. I have a scottrade account, and it looks like I need to get $2500 together to start - does this have to be all at once, or can it be spaced out over some time (less than a year)?

I think if you want to make the initial purchase of the fund, you need to purchase $2500 worth. After that you can add in whatever $ amount you want.

 

[ManSnake]

Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

 

[alphatarget1]

How about VEU? Vanguard all world ex-US ETF. It's near the 52 week low right now... Limit at 49.50 for 100 shares.

 

[imported_Lothar]

Originally posted by: conehead433
Invest in tech since everything else is dead or too volatile at the moment. QQQQ if you think the Nasdaq is going to move higher.

Sarcasm? 😕

DOW: -16.32% YTD
S&P: -15.59% YTD
NASDAQ: -15.58% YTD
QQQQ: -13% YTD

 

[imported_Lothar]

Originally posted by: ManSnake
Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

Lol...

 

[imported_Lothar]

Originally posted by: alphatarget1
How about VEU? Vanguard all world ex-US ETF. It's near the 52 week low right now... Limit at 49.50 for 100 shares.

Almost everything these days are at their 52 week low. It doesn't mean they're a good buy.

 

[alphatarget1]

Originally posted by: Lothar

Originally posted by: alphatarget1
How about VEU? Vanguard all world ex-US ETF. It's near the 52 week low right now... Limit at 49.50 for 100 shares.

Almost everything these days are at their 52 week low. It doesn't mean they're a good buy.

Yeah I learned that in a painful way... but I think VEU is good. Portfolio is diversified and has some of the biggest companies (HSBC, Total, Nestle, etc).

How about VV?

 

[alphatarget1]

Originally posted by: Lothar

Originally posted by: ManSnake
Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

Lol...

Well, I guess eventually they will. Citibank is the biggest bank.

 

[imported_Lothar]

Originally posted by: lucasorion

Originally posted by: Lothar

Originally posted by: AmigaMan
Looks like I might be investing some additional funds into FAIRX. Expense ratio is pretty low and there don't appear to be any front or back end loads. I may even shift my vanguard roth to it.

Berkowitz isn't interested in charging people an arm, a leg or your 1st born like 2/20 hedge funds, or Legg Mason and Whitney Tilson that charge almost 2% for their "value" crap.

I wouldn't recommend you shift your funds from Vanguard, however if you want to get FAIRX, consider using new money.

You can even buy the fund for only $17 at Scottrade if you want without having to go directly through them.

I'm interested in buying into FAIRX, but have never invested in a fund before. I have a scottrade account, and it looks like I need to get $2500 together to start - does this have to be all at once, or can it be spaced out over some time (less than a year)?

If you want to do monthly investments you're better off going directly to them.
Scottrade will charge you $17 regardless of whether you buy $100 or $1 million worth of shares every month.
If you go directly through Fairholme themselves, you pay ZERO commission costs.
Fairholme has a monthly investing plan available, but you still need to pony up an initial $2,500(or $1,000 for IRA) to be in their $100/month automatic investment plan. No different from Fidelity, Vanguard, T. Rowe Price, and the others.
http://i33.tinypic.com/4so4ep.png

Go to their website for more information or contact them.
http://www.fairholmefunds.com/

 

[imported_Lothar]

Originally posted by: alphatarget1

Originally posted by: Lothar

Originally posted by: alphatarget1
How about VEU? Vanguard all world ex-US ETF. It's near the 52 week low right now... Limit at 49.50 for 100 shares.

Almost everything these days are at their 52 week low. It doesn't mean they're a good buy.

Yeah I learned that in a painful way... but I think VEU is good. Portfolio is diversified and has some of the biggest companies (HSBC, Total, Nestle, etc).

How about VV?

I didn't say VEU was bad. I don't think it is either.
I was simply making a general statement.

As to VV, I don't know.
Only difference between the two funds you asked is one is "US only" while the other is "everything else except the US"

 

[ManSnake]

Originally posted by: Lothar

Originally posted by: ManSnake
Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

Lol...

What's there to laugh about? You think it's more likely for C to go to 0 than $30? C is only the biggest bank in the world. I don't know how there are people who still want to short C at $16. If the economy becomes so bad and C does go to 0, then there are a lot worst things to worry about than just losing $5000. Citigroup is not some start-up bank, it has been around for over 100 years. Once all the write-offs are done, what do you think where this stock will go?

Investing is long term. If you want to make a quick buck or lose all your money, become a day-trader!

 

[imported_Lothar]

Originally posted by: ManSnake

Originally posted by: Lothar

Originally posted by: ManSnake
Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

Lol...

What's there to laugh about? You think it's more likely for C to go to 0 than $30? C is only the biggest bank in the world. I don't know how there are people who still want to short C at $16. If the economy becomes so bad and C does go to 0, then there are a lot worst things to worry about than just losing $5000. Citigroup is not some start-up bank, it has been around for over 100 years. Once all the write-offs are done, what do you think where this stock will go?

Investing is long term. If you want to make a quick buck or lose all your money, become a day-trader!

You make it seem as if C is the world's best managed bank.
What makes C a better investment compared to other banks?

And no, saying "they're the world's biggest bank" or that "they're too big to fail" are not acceptable reasons.
Those are idiotic reasons more than anything else.

 

[Special K]

Originally posted by: Lothar

Originally posted by: ManSnake

Originally posted by: Lothar

Originally posted by: ManSnake
Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

Lol...

What's there to laugh about? You think it's more likely for C to go to 0 than $30? C is only the biggest bank in the world. I don't know how there are people who still want to short C at $16. If the economy becomes so bad and C does go to 0, then there are a lot worst things to worry about than just losing $5000. Citigroup is not some start-up bank, it has been around for over 100 years. Once all the write-offs are done, what do you think where this stock will go?

Investing is long term. If you want to make a quick buck or lose all your money, become a day-trader!

You make it seem as if C is the world's best managed bank.
What makes C a better investment compared to other banks?

And no, saying "they're the world's biggest bank" or that "they're too big to fail" are not acceptable reasons.
Those are idiotic reasons more than anything else.

I just found this blog a few days ago and find it somewhat informative:

Bank Implode-O-Meter

It tracks the financial status of all the major banks, and reports/attempts to predict bank failures. I'm not saying to use it as a source for investment advice, but I just found it to be an interesting read.

 

[Bateluer]

Investing a large portion of money in one place makes me uneasy. 5k may not be a lot to some people, but its a large chunk for me. I'd rather put it into a decent growth mutual fund or Roth IRA/IRA and forget about it for a few decades.

 

[sniperruff]

i'd wait for the market to stabilize first before buying anything.

other people mentioned Roth IRA and that was the 1st thing that came to mind. i just contributed a few days ago ($5000).

with freddie mac and fannie mae in trouble, possible wars in the middle east and africa, oil reaching $150, more possible write-downs for merrill and citi with lehman in trouble, it is a jungle out there.

nothing has hit bottom yet until you're seeing that it's back up.

 

[JS80]

Originally posted by: ManSnake

Originally posted by: Lothar

Originally posted by: ManSnake
Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

Lol...

What's there to laugh about? You think it's more likely for C to go to 0 than $30? C is only the biggest bank in the world. I don't know how there are people who still want to short C at $16. If the economy becomes so bad and C does go to 0, then there are a lot worst things to worry about than just losing $5000. Citigroup is not some start-up bank, it has been around for over 100 years. Once all the write-offs are done, what do you think where this stock will go?

Investing is long term. If you want to make a quick buck or lose all your money, become a day-trader!

lol dude, Citi is in dire need of capital. I am predicting they are going bankrupt/insolvent/rescued in 18 months.

 

[ViperVin2]

Originally posted by: JS80

Originally posted by: ManSnake

Originally posted by: Lothar

Originally posted by: ManSnake
Citigroup. At the current price, this stock is a steal. Citi will eventually go back to $30+/share stock, it's a matter of time. Buy C and forget about it for a couple of years.

Lol...

What's there to laugh about? You think it's more likely for C to go to 0 than $30? C is only the biggest bank in the world. I don't know how there are people who still want to short C at $16. If the economy becomes so bad and C does go to 0, then there are a lot worst things to worry about than just losing $5000. Citigroup is not some start-up bank, it has been around for over 100 years. Once all the write-offs are done, what do you think where this stock will go?

Investing is long term. If you want to make a quick buck or lose all your money, become a day-trader!

lol dude, Citi is in dire need of capital. I am predicting they are going bankrupt/insolvent/rescued in 18 months.

Even though they need capital, you still see a company valued at near $90B becoming bankrupt? That is A LOT of money disappearing.