Investing -- your picks
I opened up my first traditional IRA this year so as to not owe any taxes. Unfortunately, I did it late at night and got *one* of the digits in my SSN incorrect -- it's a numerical pattern I share with my ex, so it was an easy mistake to make. (The kids' benefits are tied to the ex's so I have to have his and theirs memorised.)
So my account has been locked by "risk management" and as of now, I can't access it to move any of my money into anything other than cash. I think I will have to fill out forms on Monday to get it corrected. :( I am therefore playing the BE stock market meanwhile. So -- what are your top picks? I'm definitely diversifying, and I'm considering moving a bit of money into the Australian dollar as it is gaining strength against the dollar AND the pound. |
Re: Investing -- your picks
Currencies are a risk unless you can stay on top of the news.
My advice would be to buy some low correlation index funds, or the equivalent ETFs and then re-balance when they get out of sync. This guy can explains it better than I |
Re: Investing -- your picks
Some providers get pissy if you try to be active investor with an IRA.
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Re: Investing -- your picks
Originally Posted by snowbunny
(Post 6235767)
I opened up my first traditional IRA this year so as to not owe any taxes. Unfortunately, I did it late at night and got *one* of the digits in my SSN incorrect -- it's a numerical pattern I share with my ex, so it was an easy mistake to make. (The kids' benefits are tied to the ex's so I have to have his and theirs memorised.)
So my account has been locked by "risk management" and as of now, I can't access it to move any of my money into anything other than cash. I think I will have to fill out forms on Monday to get it corrected. :( I am therefore playing the BE stock market meanwhile. So -- what are your top picks? I'm definitely diversifying, and I'm considering moving a bit of money into the Australian dollar as it is gaining strength against the dollar AND the pound. |
Re: Investing -- your picks
Originally Posted by anabella
(Post 6235858)
Are you asking us? Your Toon is the master investor!!
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Re: Investing -- your picks
Originally Posted by anabella
(Post 6235858)
Are you asking us? Your Toon is the master investor!!
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Re: Investing -- your picks
Seriously, as I am sure you realize, it really isn't possible to give much in the way of sensible advice without a lot more information (and probably a great deal more than you would want to share in a public forum such as this).
There are, however, some general rules.
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Re: Investing -- your picks
Originally Posted by fatbrit
(Post 6235849)
Some providers get pissy if you try to be active investor with an IRA.
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Re: Investing -- your picks
If you are going to trade in stocks and currency, you need a brokerage account, not a funds account. You can buy and sell funds in a brokerage account, but some have minimum total portfolio size and/or minimum annual trades to avoid fees.
If you follow that guy in the link I posted, you will beat the market, because it is an automatic sell high/buy low method, without judgement getting in the way. Here it is again, the man has been making 28%, you won't but you will beat the market: http://www.npr.org/templates/story/s...oryId=89324244 |
Re: Investing -- your picks
Originally Posted by paddingtongreen
(Post 6237146)
If you are going to trade in stocks and currency, you need a brokerage account, not a funds account. You can buy and sell funds in a brokerage account, but some have minimum total portfolio size and/or minimum annual trades to avoid fees.
If you follow that guy in the link I posted, you will beat the market, because it is an automatic sell high/buy low method, without judgement getting in the way. Here it is again, the man has been making 28%, you won't but you will beat the market: http://www.npr.org/templates/story/s...oryId=89324244 The advice given in the article is good - it is a standard asset allocation and portfolio rebalancing strategy that works well provided that you stick to it. |
Re: Investing -- your picks
Originally Posted by snowbunny
(Post 6235767)
I opened up my first traditional IRA this year so as to not owe any taxes. Unfortunately, I did it late at night and got *one* of the digits in my SSN incorrect -- it's a numerical pattern I share with my ex, so it was an easy mistake to make. (The kids' benefits are tied to the ex's so I have to have his and theirs memorised.)
So my account has been locked by "risk management" and as of now, I can't access it to move any of my money into anything other than cash. I think I will have to fill out forms on Monday to get it corrected. :( I am therefore playing the BE stock market meanwhile. So -- what are your top picks? I'm definitely diversifying, and I'm considering moving a bit of money into the Australian dollar as it is gaining strength against the dollar AND the pound. |
Re: Investing -- your picks
Originally Posted by KJ2007
(Post 6240287)
Well if you're talking just BE stocks - boy do I wish my shares in Priceline.com were real!! PCLN is the symbol. The purchase I made on BE in February is up 27%.
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Re: Investing -- your picks
Originally Posted by paddingtongreen
(Post 6240299)
Two of mine show zero, including Berkshire Hathaway. I wonder if the Sage Of Omaha knows that he's broke.:p
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Re: Investing -- your picks
Originally Posted by KJ2007
(Post 6240303)
Maybe not. :) I had just finished writing a capstone paper on Priceline.com that had me investigating their financials, etc. and I saw what I thought were pretty good signs.
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Re: Investing -- your picks
Originally Posted by snowbunny
(Post 6235767)
So -- what are your top picks? I'm definitely diversifying, and I'm considering moving a bit of money into the Australian dollar as it is gaining strength against the dollar AND the pound.
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