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Old 01-22-2017, 04:51 PM
 
249 posts, read 197,564 times
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Quote:
Originally Posted by mathjak107 View Post
you don't buy any stocks if you think you will need the money in the short term . . someone with this complete lack of investing knowledge should not be buying individual stocks either .

that is about as horrible advice as they can get .
I agree, don't take stock tips from anyone if you do not understand the company mentioned and closely follow and understand the market. If you do follow and understand the market don't give stock tips to anyone who doesn't follow and understand the market.

Friends who know my DH is active in the market ask him what he owns, he used to casually talk about different companies. He then realized his friends would buy and hold that stock, then a year or two later complain it has now tanked. Of course my DH only owned it for a short run and long ago sold it. My DH loves the business world, investments, stock market and would love to discuss it all the time, if I'd let him. LOL Now he won't recommend any individual stock to anyone.
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Old 01-22-2017, 05:03 PM
 
Location: The sleepy part of New York City
1,969 posts, read 1,215,545 times
Reputation: 4353
Quote:
Originally Posted by mathjak107 View Post
the cleanest way to invest if you think you will need the moneyin the shorter term then matching the money to the time frames is a good idea . cash instruments for up to 5 or 6 years out , bonds for 7-10 years out and equity's for the long haul .

pulling money out of wellesly when it is down 10 or 15% would not be a good thing to do . i would classify wellesly as an equity not a bond or income fund . so wellesly should not be the only investment .
oops... I just spoke to my husband and he says it's not Vanguard Wesseley... It's Vanguard Wellington that we're supposed to put his back pay into.

Do you know what the difference is? Is that one any better?

All this talk of money makes my head spin.
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Old 01-22-2017, 05:15 PM
 
71,831 posts, read 71,919,037 times
Reputation: 49400
Wellington is 60/40 vs wellesley 40/60
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Old 01-22-2017, 05:26 PM
 
Location: Boston
7,982 posts, read 2,316,723 times
Reputation: 5674
Call Vanguard, tell them what you want to do.
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Old 01-22-2017, 05:38 PM
 
Location: Ohio
15,169 posts, read 13,453,934 times
Reputation: 20607
Vanguard Wellington is closed to new investors right now.
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Old 01-22-2017, 09:40 PM
 
9,371 posts, read 4,299,786 times
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It might have been mentioned already, but I am not going to read through the entire thread to see. How much money are we talking about, $1 million, $5 million, what?
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Old 01-23-2017, 09:24 AM
 
Location: Boston, MA
8,773 posts, read 7,714,303 times
Reputation: 7682
The Fed doesn't want you to save it. Go buy a yacht. Or three. Or better yet, buy some luxury condos. Boost GDP!!!!
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Old 01-23-2017, 10:14 AM
 
466 posts, read 350,164 times
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Also didn't read through the whole thread, but depending on where you live, real estate may be the safest bet you can make. Where I live, the growth has been phenomenal, and prices and rental rates keep rising. A smart bet where I live would be to buy a rental property and rent it out, while also taking advantage of the rising property values.
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Old 01-23-2017, 11:41 AM
 
4,776 posts, read 6,626,600 times
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Quote:
Originally Posted by ThomasCrown View Post
A smart bet where I live would be to buy a rental property and rent it out, while also taking advantage of the rising property values.
Argh, you are probably right but I do not have the stomach for renting....my mom has a couple of rental properties and it is SUCH a pain in the butt to find renters, get them to pay, get them to move out when they don't pay, fix and clean up all the crap they messed up, etc. Not for old people....and she's 78!
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Old 01-24-2017, 04:08 PM
 
324 posts, read 158,346 times
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Besides maxing out your 401K contribution, also max out your Roth IRA contribution before investing in any market account since it's tax-free on your interest. Some Vanguard conservative mutual funds have good yieldings too. I'd talk to a financial advisor about this.
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