Investment Planning/Analyst Services

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MrMosby
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Investment Planning/Analyst Services

Postby MrMosby » Mon May 06, 2013 9:47 pm

So now that I have my credit all straightened out I'm looking to strengthen my investment portfolio and start growing that. I only have $150K in it today (although I'm less than 30 so I have time).

I'm considering subscribing to something like MorningStar, Bloomberg Black, or Investors Business Daily (CAN-SLIM looks like a promising strategy).

Has anyone used anything like the above, what has worked? What hasn't?

I'm young so I definitely have some risk tolerance.

Cheers!
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Z06Biker
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Postby Z06Biker » Tue May 07, 2013 1:21 am

"Only $150K?" Being under 30 or not, that's a great place to be.
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DoingHomework
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Postby DoingHomework » Tue May 07, 2013 9:02 am

Forget paying for investment advice. It only makes money for the salesman. Buy a copy of John Bogle's book Common Sense on Mutual Funds, buy Vanguard index funds, and grow rich quietly.

I have a subscription to Morningstar premium that I get for free because I have a large amount of money invested with a certain low fee firm. It is useful for entertainment but I would never pay for it.

Always remember, FEES are by far the most important factor in investing. A 1% fee robs you of a great deal of the expected return of your portfolio every year. Don't look for a system to pick stocks. Look for a system to avoid fees.

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djrez4
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Postby djrez4 » Tue May 07, 2013 12:17 pm

Absolutely true. I just snag index funds that perform well and have low fees. Average return, so far, is just over 10%.
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DoingHomework
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Postby DoingHomework » Tue May 07, 2013 2:05 pm

Remember, the salaries of the guys who write Investor's Business Daily are paid by the advertisers trying to sell you investments with fees. Learn to invest on your own. You will always care more about your money than anyone else.

The only stock market investment you will ever need to buy have the symbol VTI. But fee free to throw away thousands of dollars for 10-20 years until you reach the same conclusion. And nope, I'm not selling anything.

MrMosby
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Postby MrMosby » Tue May 07, 2013 3:46 pm

My primary holdings right now are VTI, VYM, and VTIVX, and to be honest my portfolio grew about 14% between January and May. I just wonder if I could do better.
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djrez4
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Postby djrez4 » Tue May 07, 2013 3:56 pm

I've liked SCHD (0.07% expense ratio). I also have some utility ETFs like PHO. My big mover has been WPZ, though - up 136%.
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Z06Biker
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Postby Z06Biker » Tue May 07, 2013 4:01 pm

MrMosby wrote:My primary holdings right now are VTI, VYM, and VTIVX, and to be honest my portfolio grew about 14% between January and May. I just wonder if I could do better.


For those without the time to monitor their stocks on a regular basis, it seems like simply tracking the Dow or S&P indices would provide the best returns, at least in current market conditions? They're grown about 14-15% YTD, which even beat out Berkshire Hathaway. Then again, I also hear tremendous things about some of the aforementioned Vanguard funds.
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djrez4
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Postby djrez4 » Tue May 07, 2013 5:00 pm

Z06Biker wrote:For those without the time to monitor their stocks on a regular basis, it seems like simply tracking the Dow or S&P indices would provide the best returns, at least in current market conditions? They're grown about 14-15% YTD, which even beat out Berkshire Hathaway. Then again, I also hear tremendous things about some of the aforementioned Vanguard funds.


Depending on which Vanguard fund you choose, it may very well do just that. ETFs are designed to track indices or markets. You can get an ETF that tracks the Dow, the NASDAQ, the S&P...whatever you want.

VTI tracks the total stock market. It's about as broad a fund as you can get. It also has a 0.05% expense ratio, which is pretty awesome.

The real trick is called dollar-cost averaging. Unless you're a huge company using high-frequency trading to eek every last bit of profit out of every penny, you're already on the losing side of things.

DCA allows you to smooth things out and optimize your investments. You invest a fixed amount on a fixed periodic basis - say, $200 every month - into a fund. When the fund is up, you purchase fewer shares. When it's down, you acquire more. The potential returns are lower, but so is the risk. If you're in for the long haul, it's a good way to invest.
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Z06Biker
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Postby Z06Biker » Tue May 07, 2013 6:31 pm

A lot of smart men of the baby boomer generation (mostly doctors) have at one time or another lectured me about dollar-cost averaging, and the solid fundamentals behind the popular theory.

What it does require, however, is an iron stomach, to continue to invest said fixed amount in the market even if it's taking a swan dive and the end is nowhere in sight...
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