The Official Coli Money Growth Thread
- Thread starter MillionMills
- Start date
MillionMills
Superstar
Uppin
Perfectson
Banned
yall see what the market has done.
who knows if this is the time to actually throw money into the market or not
but the advice i gave you is market risk proof. You won't lose money on CD ladders, credit card points, or savings accounts. Protect your principle investments and invest your discretionary if that's your risk appetite.
who knows if this is the time to actually throw money into the market or not
but the advice i gave you is market risk proof. You won't lose money on CD ladders, credit card points, or savings accounts. Protect your principle investments and invest your discretionary if that's your risk appetite.
I gotta betterment account and put a set amount 2 times a month and the last two weeks I keep seeing earnings in the negative
Perfectson
Banned
I gotta betterment account and put a set amount 2 times a month and the last two weeks I keep seeing earnings in the negative
entire market is down, everyone is losing money in any broadbased economic investment because the two major industries are going down.
That's why you should always keep a set amount in a liquid risk averse account like savings, cds, etc etc. 1% > -5%
now when the market is on the uptick you won't be making as much, but you have peace of mind knowing a set amount of your principle will be there tomorrow.
Perfectson
Banned
I gotta betterment account and put a set amount 2 times a month and the last two weeks I keep seeing earnings in the negative
here's the thing about getting investment advice from professionals, they want to make money off managing your money. They "prey" on novice/unsaavy investors...because they can. They make money whether you lose or win, obviously they want to beat the averages so they can keep your business.
So they will steer you into equity funds, which obviously can cause you to lose money ...quickly. Once you're in the hole you have to keep your money in there hoping it will rebound or you take it out with a loss in the short term.
I don't know your risk aversion, your wealth, nor your allocation but i bet you could put more into liquid accounts (savings, cds, etc etc) less in equity accounts and probably have a solid year.
I'm doing several hundreds in a Roth IRA and regular savings. My risk has been a bit aggressive too.
Perfectson
Banned
well you're gonna roll with the good times and bad times...your ira is okay since that's long term anyway.
Where is this thread?
Loose change is still money. Save it and take it to the bank. I used to toss all of it, quarters and all, but last year I start throwing it in a rubbermaid basket in the cost closet by the door
I took my change in a few weeks ago and I had $473 worth
My bank has a $5000 limit on coin deposits and she says lots of people come close to it.
FACTS
Me and my girl started saving our change a few years back and we prolly deposit a few hundred dollars a couple times a year off that
MillionMills
Superstar
Good lookin...I didn't even see this one
MillionMills
Superstar
Drop some gems