Do any of you guys invest in silver or gold?

A place to discuss anything... except credit cards!
13 posts
User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 4447
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Wed Mar 04, 2015 12:30 pm

To be clear, I wasn't suggesting precious metal or specialty mining company ETFs or shorting or trading anything. I was suggesting putting money into ETFs like the S&P 500 (only a few components of which are mining companies) and just letting it grow over a very long time frame.

As far as Vanguard...I like it, but be aware of the $3,000 account minimum. Fidelity requires $2,500 and Schwab $1,000. All of those websites are good for this style of investing and offer good commission-free ETFs.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card


amexguy321
Centurion Member
Centurion Member
 
Posts: 115
Joined: Wed Nov 16, 2011 4:28 pm
Location: Massachusetts

Postby amexguy321 » Fri Mar 06, 2015 10:48 pm

The only recommendation that I can give you, is to to open a Roth IRA with vanguard. I am 23 and just opened one fairly recently. Whatever amount you can spare (>$1000), buy a targeted date fund. It is set up to become less risky as you approach retirement. In my opinion, it is the best financial decision you can make depending on your age.

Also, make sure to reinvest dividends to get that compound interest working over the years!

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 4447
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Sat Mar 07, 2015 10:44 am

amexguy321 wrote:The only recommendation that I can give you, is to to open a Roth IRA with vanguard. I am 23 and just opened one fairly recently. Whatever amount you can spare (>$1000), buy a targeted date fund. It is set up to become less risky as you approach retirement. In my opinion, it is the best financial decision you can make depending on your age.

Also, make sure to reinvest dividends to get that compound interest working over the years!


It is true that the account minimum for Vanguard Target Retirement funds is lower than for other Vanguard accounts. However, you will be paying a bit more in expenses (but not too much) and the asset allocation may not be quite what you want. Not everyone who retires in the same 5-year period has the same risk tolerance.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



Return to “The Lounge”

Who is online

Users browsing this forum: No registered users and 3 guests