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A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Thu Aug 28, 2014 4:18 pm




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 Post subject: Re: Need advice on saving / investing
PostPosted: Wed Feb 13, 2013 6:22 pm 

Joined: Thu Apr 05, 2007 3:05 pm
Posts: 1328
VinTek wrote:
How can you even begin to argue with such great hedge fund successes as Long Term Capital Management, Amaranth Advisors, Bailey Coates Cromwell Fund, Marin Capital, Aman Capital, and Tiger Funds? Google them and you'll learn all you want to know!


I suppose our friend Mr. Goldberg could argue that none of these failed funds were managed by the brightest minds on Wall Street, because none of them were managed out of New York; the closest they got were the first two in Greenwich, Connecticut. :D


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 Post subject: Re: Need advice on saving / investing
PostPosted: Thu Feb 21, 2013 11:37 pm 

Joined: Fri Feb 01, 2013 11:59 pm
Posts: 21
Location: India
justinb wrote:
Hello all,

I recently inherited a good size chunk of money, over $400,000 with another $100,000 coming within the next month. My goal is to have over $1,000,000 at time of retirement. Im currently 24, looking to retire at 55-60. I own my own house, and have no debt. What would you suggest to me? I would still like to access some of the money as I plan to build onto my house later on, and enjoy life.


Thanks,
Justin

Other members have given you better ideas for making your money go to millions in next 30 years so that you may enjoy your retired life without worrying about the money, I think you should invest in those treasury bonds now so that you may secure some income in future, and still if you have left with money you may invest them in securities of the company in a diverse manner stocks of one company and debentures of other company so that you may get R.O.I on shares at a diverse rate while may get a continuous source of Interest on the debentures and bonds till the maturity also you may later get your debentures paid off or reinvest them in some other stocks and securities to get more returns from it.


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 Post subject: Re: Need advice on saving / investing
PostPosted: Thu Feb 28, 2013 12:53 am 

Joined: Tue Feb 26, 2013 11:09 pm
Posts: 6
Hi,

If you hire a financial planner than i would like to suggest, that make sure that they are certificated Financial planner or personal specialist certification. It is very important for you before trusting on any financial planner and go according to his advice, because anyone can claim to be a financial planner by virtually. So you need to be very careful.


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 Post subject: Re: Need advice on saving / investing
PostPosted: Fri Mar 01, 2013 12:09 pm 

Joined: Fri Mar 01, 2013 11:51 am
Posts: 1
How about a biblical approach?

    Know Your Investments

      Proverbs 19:2 – Enthusiasm without knowledge is no good; haste makes mistakes

      Peter Lynch, one of America’s greatest investors summed it up well with his main philosophy: Know what you own. If you cannot understand what you’re investing in, there’s a good chance that you don’t need to be in it at all!

    Carefully Watch Your Investments


      Proverbs 27:23, 24 Know the state of your flocks, and put your heart into caring for your herds, for riches don’t last forever, and the crown might not be passed to the next generation.

      If you think that managing your finances isn’t necessarily a priority we find in scripture, think again. Why does the Bible instruct us to pay attention to where your money and resources are going? Because it’s all God’s anyways, and we’re just stewarding it.

    Diversify Your Investments

      Ecclesiastes 11:2 Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.

      We have no guarantee for tomorrow – and this lack of guarantee holds true for just about every investment out there today.The point is to not keep all your eggs in one basket.

From Faith and Finance Investing


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