Stocks in Bovespa ( Brazil )
Ask HN: What kind of personal financial investment do you do?
11–20 of 172 posts
Re: Ask HN: What kind of personal financial investment do you do?
#12Given the abundance of academic research on the subject of the efficient-market hypothesis, I think it is futile and foolish to try to "beat the market" by trying to pick individual stocks that are mispriced. Therefore, I own low-cost index funds and try to own the market as a whole.
I do try to shelter as much of my portfolio as possible since taxes reduce returns. I have a 401k, 403b, Roth IRA, Traditional IRA, 457(b)... (I've had a lot of jobs).
Re: Ask HN: What kind of personal financial investment do you do?
#13Individual stocks, although I'm thinking of switching to just index funds (e.g. if dow jones index go up I earn money.) since constantly researching on companies become quite time consuming.
Re: Ask HN: What kind of personal financial investment do you do?
#14My short answer is individual stock investing is fools path to being poor as you are betting against a full deck stacked against you. Index funds is slightly better than mutual funds by-itself but not much better.
If you wouldn't recommend individual stock picking, mutuals, or ETFs, what investment vehicle would you recommend? I want to invest but feel like I really just know enough to get myself burned.
Re: Ask HN: What kind of personal financial investment do you do?
#15Most of my money goes into a high yield savings account to survive with no income for a while (trying to get 18 months in there!). I do fund an IRA, my employer 401k (to get the most matching), and two Roth IRAs though. The investments in those are relatively conservative, I consider investing in my own products to be my "high risk, high gain" strategy. Roth IRAs are great, you can take the principle out at any time…
>I'd head over to the Bogleheads forum and spend a week or two reading.
The bogleheads forum is a fantastic resource with many published authors and other smart folks. I have been an avid reader (and occasional participant) for over 2 years.
Re: Ask HN: What kind of personal financial investment do you do?
#16Most of my money goes into a high yield savings account to survive with no income for a while (trying to get 18 months in there!). I do fund an IRA, my employer 401k (to get the most matching), and two Roth IRAs though. The investments in those are relatively conservative, I consider investing in my own products to be my "high risk, high gain" strategy. Roth IRAs are great, you can take the principle out at any time…
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Re: Ask HN: What kind of personal financial investment do you do?
#17I'm definitely not an investor, nor do I know what I'm doing but... * 401k, maxed to what my employer will match * Stocks just for fun * Bought a house when the market was extremely low * Invested in myself; getting a Master's degree through my employer's gracious reimbursement plan My father always told me to start young; max out the 401k and put even more away just in case. I wish I'd done more of that, as the long…
Starting young is great. You're hinting at one of the other keys that has helped me, which is to make it automatic. This is often more important than the vehicle you choose for investment. If I automatically invest a certain amount each month it's just like you say - I never miss it because I never see it. Make saving as easy as possible (and what's easier than automatic?) and spending as hard as possible and that will drive your savings rate way up.
Re: Ask HN: What kind of personal financial investment do you do?
#18Most of my money goes into a high yield savings account to survive with no income for a while (trying to get 18 months in there!). I do fund an IRA, my employer 401k (to get the most matching), and two Roth IRAs though. The investments in those are relatively conservative, I consider investing in my own products to be my "high risk, high gain" strategy. Roth IRAs are great, you can take the principle out at any time…
>I'd head over to the Bogleheads forum and spend a week or two reading. The bogleheads forum is a fantastic resource with many published authors and other smart folks. I have been an avid reader (and occasional participant) for over 2 years.
That reminds me! Anyone who cares should read the Bogleheads Guide to Investing: http://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Lari...
It's a quick read and probably tells you a lot of what you already know, but it's well written and explains the basics of the various investment vehicles well.
Re: Ask HN: What kind of personal financial investment do you do?
#19See a financial advisor and figure out what plan is right for you. Not only is this question open ended, but answers are and should be tailored to the individuals needs, plans, and long-term goals.
To "hack" investing, just focus on figuring out what type of long-term goals you have. 5, 10, 15 years, and retirement, what do you want to have achieved or saved by then. When do you want to retire?
Are you wanting to manage your money, or pay fees to have experts do it for you?
Do you have a family? Who do you support financially. All these factor in what type of personal investing you should do.
Once you have figure out all these, the main goal in investing is diversity of your portfolio. Diversity in the risk versus payoff, but also in type of investment, region, and industry.
Re: Ask HN: What kind of personal financial investment do you do?
#20I use mint.com to get a high-level overview of all my finances.
I have a couple different credit cards (I got them to get different frequent-flyer mileage awards and other rewards), and it's very useful to see a snapshot of all of them at once in mint than to check them each individually.
For investing, I've given up on picking individual stocks and just buy index-tracking funds. I like zecco.com as a broker because they are total no-frills and if you maintain a high-enough balance (25k?) you get 30 free trades a month.
But I also have a smaller amount of money at covestor.com (I think USV invests in it and that's how I found out about it).