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Investment advice?

K

konichiwa

Lifer
Hey there...need some investment advice from some gurus around here

College student, student loans to be paid after college with money that is already saved (mostly parents/family money combined with % of my own contributions), one credit card with $0 debt and consistent, timely payments so a burgeoning but all-positive credit...

Currently have all money I've ever earned and saved in an HSBC savings account at ~4% except for about 4-6 weeks of disposable funds in a checking account.

I'm looking for a slightly higher return, obviously higher risk place to put a large chunk of my money that is sitting in HSBC. I'm not much of a financial guy and don't have the time or desire to mess with my funds all the time, although I presume it benefits me to be willing to check/modify the money every week or two which I am, but I'm not interested in a day-trading thing of any sort that I have to think about every day.

Any thoughts? any comments welcome, ask me if you need more specifics!
 
Originally posted by: LookingGlass
/me waits for AnonymouseUser to reply. 😛
Click to expand...

Heh, I'm no expert. 😱

Anyway, if you don't want to constantly mess with your funds, then stay away from the stock market. You'll probably do best with Mutual Funds, but pick one with consistent high yields, not just one with high potential. Reinvest dividends (if any), contribute a small portion of your paycheck, and leave it alone for many years.
 
www.vanguard.com and VFINX (S&P 500 index stock mutual fund) are a good pair to buy and hold.

Once you start investing in a Roth IRA (which you can also do at Vanguard) you might also diversify into worldwide / foreign index mutual funds like VEIEX, VEURX, VPACX.

I prefer to put small-cap and worldwide mutual funds into a tax-sheltered fund (IRA, 401k) because you don't have to pay for higher turnover or deal with non-US tax issues at tax time.

VFINX is a good fund for a non-retirement / non-sheltered "regular" brokerage account because capital gains are low, you don't pay taxes on most of the growth until you sell the fund.
 
What do your retirement accounts look like? If you can, put a little money away in a roth IRA. I would recommend some shares of an S&P500 tracking ETF (exchange traded fund). Over the next 35 yrs the lower expense ratio will make you more money.

Do you have plans to buy a house, move, etc?
 
Easiest way to start is set up an account where $100/month or so is automatically invested in a mutual fund. Not sure which ones are good.

I use an investment dude at the local Wells Fargo and he's done really well. I just tell him to do pretty much whatever he wants, I don't have time to watch the stock market with all the coaching and other stuff I do.
 
I think we should create a sticky for an investment related question. Someone has ask a question similar to this few days ago. Anonther person has ask a similar question few days ago before few days ago. 😀
 
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