My investment knowledge is average at best, so I figure I'm better off with ETF's. Little maintenance, diversified by nature, very low fees, etc. - I like Vanguard and Spectra Spider. Anyone recommend any additional ones? Should I be 100 % invested in ETF's, or should I also buy some stocks?
ETF's - What does everyone think of these?
- Thread starter JayDogSmooth
- Start date
Between yesterday's post and now this I'd say it's time for you to hire someone.
This is one of those times where if you have to ask the question the answer is no. So, no you shouldn't buy individual stocks.
If you're in the right ETF there's almost no need for anything else. Something like Vanguard Total World (VT), which is basically an ETF of the entire world (more or less), takes any guesswork out of it. Or a Vanguard target date fund.
The less you know, the less you should do. Most people kill their returns by trying to do too much. Pick a couple of broad based indexes or target date funds, keep putting in money and check back in a couple of decades.
If you're in the right ETF there's almost no need for anything else. Something like Vanguard Total World (VT), which is basically an ETF of the entire world (more or less), takes any guesswork out of it. Or a Vanguard target date fund.
The less you know, the less you should do. Most people kill their returns by trying to do too much. Pick a couple of broad based indexes or target date funds, keep putting in money and check back in a couple of decades.
great question, I thought about answering this, then I realized it could get me in hot water at the IB I work for. That said if people are qualified to answer they are likely not permitted to answer here. If people do answer, they are probably not employed by a registered firm, so your answers might be on par with, "is the cost of private education worth it, or what car should i buy".
Every person here has 2 in common, opinions and a piehole, after that its potluck.
Every person here has 2 in common, opinions and a piehole, after that its potluck.
This. There are a few online places that will invest in a basket of etfs based on your goals & risk tolerance. Buying an investment based on some random guys opinion is the same as buying an Accord for your kid at Delbarton.
Man. Every time I come across threads like this on here or the tMB it never ceases to amaze me how I have absolutely no friggin clue what any of you finance guys are talking about. I've never considered myself largely ignorant, but when I read stuff like this, its like you're speaking Chinese. I need to spend more time diversifying at some point in my life.
Without trying to sound like a prick, you could learn the very broad basics of all of this in the amount of time you (or anyone) would spend reading these boards on a daily or weekly basis, depending on your ability.
Fair enough. Where would one look to for that information. A good source, at least that wouldn't read like stereo instructions.
I'd start here if you're really looking for the basics of the basics.
http://www.investopedia.com/university/beginner/
www.thestreet.com and www.fool.com are also good resources. There are many sites that will teach you the basic stuff, and you can learn even on a sales site like Vanguard or Fidelity...just ignore everything dealing with investment strategy for now and focus on learning the key terms.
I like to look for that information by asking finance questions on football message boards
Pretty sure that at least 300 of the OP's 369 posts are asking for investment advice. Also pretty sure he doesn't make a point of actually stopping back into the thread to let you know he bothered to read the advice he solicited.
I'm sure there are some good investment forums, maybe those would suit you better.
I'm sure there are some good investment forums, maybe those would suit you better.
I think a couple of you guys could use this wiki. It's how I started learning about managing my personal accounts and it's been very helpful.
http://www.reddit.com/r/personalfinance/wiki/index
http://www.reddit.com/r/personalfinance/wiki/index
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