Do any of you guys invest in silver or gold?

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CarefulBuilder14
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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.
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amexguy321
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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!

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CarefulBuilder14
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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.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red



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