OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[midranger]

Does anyone use a financial adviser? If so, do you already max your tax advantage accounts? If not, what advantage do you get using an adviser?

I went to a party and half the people are using the same guy. It just seems weird to me that people in my age group/salary range are using an adviser. I'm 90% sure they don't max out their tax advantaged accounts, and i don't see the point until you do that. At that point, hell yeah give me some weird investments.

Fee only guy. Yes. No AUM.

Just a voice to tell me I'm doing the right thing and to stay the course, review/recommend the funds available in the 401k, and give recommendations on asset protection/insurance. My first visit, I did pick up some useful information like; not spending the HSA and opening Edvest 529 accounts on yourself as well as children.

[MartyConlonOnTheRun]

Does anyone use a financial adviser? If so, do you already max your tax advantage accounts? If not, what advantage do you get using an adviser?

I went to a party and half the people are using the same guy. It just seems weird to me that people in my age group/salary range are using an adviser. I'm 90% sure they don't max out their tax advantaged accounts, and i don't see the point until you do that. At that point, hell yeah give me some weird investments.

Fee only guy. Yes. No AUM.

Just a voice to tell me I'm doing the right thing and to stay the course, review/recommend the funds available in the 401k, and give recommendations on asset protection/insurance. My first visit, I did pick up some useful information like; not spending the HSA and opening Edvest 529 accounts on yourself as well as children.

Yeah, I'm a big fan of starting a 529 under your SS and transferring to your unborn child later on. If college continues goes up, you need more stacked away than just 18 years. If not, you stop early and be done.

[Profound23]

Watch on YouTube

This dude is hilarious. He did one about veganism too. This is accurate!

[PedroGrande]

To the crypto guys investing in Ripple... How many of the XRP coins are you holding and what kind of price point are you looking to get to before dumping it?

Like are you holding 100 and hoping for it to get to $1,000, or holding 10,000 and hoping for it to get to $10, or vice versa?

Just trying to get a feel for what people see the upside is.

Stocks are pushing really hard thus far in the new year (small sample size for sure).

Not sure if it matters to you but...

For me I still think of it like Sports betting money. Its money i can easily aford to lose. Although its not as entertaining as sports betting, at least if it goes pretty high i wont be kicking myself for not putting some money into it and completely losing the train (although i already did with BTC).

If it lets me cash out something for nice guitar amps and stuff ill be very happy about it:). Its easier here where i live to put some money into cryptocoin than into real stocks and its more of a very short term thing.

[Iheartfootball]

You mean by state, collective, company? California is going to be the biggest producer (if it isn't already). As far as the companies/collectives that are responsible for that I have no idea. Haven't done any research so I'm not qualified. I'm not sure if that was the question you were asking though...

Yeah, I was more asking, are there a couple of "key players" that would be positioned to be the big players in the market nationwide once the law allows.

This is a hunch but I would think the companies already involved in cigarettes and/or alcoholic beverages would be primed to purchase the collectives/companies - but I have absolutely no idea who those companies are. I'm guessing that wouldn't happen for some time though until it's federally legal. So I can only speculate long term. Maybe the collectives can't actually incorporate until it's federally legal so until then you can't invest in them in a traditional sense?

For example I do know the medical/retailers in NorCal. Harborside is one example out here and they purchase from collectives. Heck, if you grow as a resident of CA you can sell your product through them.

There's going to be a whole lot of consolidation going on in the next 5-10 years. You're right though, finding those key players early is advantageous.

Someone here must have more information.

Some large companies that have exposure to the cannabis industry are listed in this article. Interesting to say the least (at least to me).

http://www.sfgate.com/business/article/Pot-stocks-plunge-on-report-U-S-to-rescind-12473804.php

[HaroldinGMinor]

Binance is suspending new user registrations temporarily.

[HaroldinGMinor]

So for those that pulled out of the stock market because of the pending market correction, not a good week to be sitting on the sidelines.

Sure. But after a 20% correction?

[MartyConlonOnTheRun]

So for those that pulled out of the stock market because of the pending market correction, not a good week to be sitting on the sidelines.

Sure. But after a 20% correction?

People have been saying this for months yet vtsmx has been up 7% this quarter. I'm not smart enough to play time the market. I'm not saying put everything you have in now but continue contributing monthly over a long period and you will do great. Those who sell due to panic usually do the worst as the stock market has consistently rebounded. *

*That said, if you plan on retiring in the next three years I would be more concerned.

[BUCKnation]

Finally have some money to invest after grad school. Was able to pay down current CC debts and I'm in a good place on my loans with a decent start on my savings straight out of college. Have a friend invested into crypto (Ripple right now), so I've begun to research it further. Will probably research more over the coming week or two before throwing money into it.

[midranger]

So for those that pulled out of the stock market because of the pending market correction, not a good week to be sitting on the sidelines.

Sure. But after a 20% correction?

People have been saying this for months yet vtsmx has been up 7% this quarter. I'm not smart enough to play time the market. I'm not saying put everything you have in now but continue contributing monthly over a long period and you will do great. Those who sell due to panic usually do the worst as the stock market has consistently rebounded. *

*That said, if you plan on retiring in the next three years I would be more concerned.

Yeah, if you're retiring in 3 months, hopefully you're not over exposed in stocks and holding a lot of less risky investments (bonds). If not, rebalance at this point by selling stock.

If not.... no point in trying to time the market. If you miss something like the 10 biggest days of the year, your return is nada. The last 3 days have been great to be holding the market. Hopefully repatriated monies lead to large dividends the next few quarters. If you're really worried about a 20% correction, get those dividends and then cash out. Or... just look at a down market as a chance to buy more shares, cheaper and buy.

[midranger]

Finally have some money to invest after grad school. Was able to pay down current CC debts and I'm in a good place on my loans with a decent start on my savings straight out of college. Have a friend invested into crypto (Ripple right now), so I've begun to research it further. Will probably research more over the coming week or two before throwing money into it.

First priority is 401k if a match, then IRA, then emergency fund. Make sure you have disability insurance purchased. If you have anyone dependent on your income, make sure life insurance in place.

All this before crypto, please.

[MartyConlonOnTheRun]

Finally have some money to invest after grad school. Was able to pay down current CC debts and I'm in a good place on my loans with a decent start on my savings straight out of college. Have a friend invested into crypto (Ripple right now), so I've begun to research it further. Will probably research more over the coming week or two before throwing money into it.

First priority is 401k if a match, then IRA, then emergency fund. Make sure you have disability insurance purchased. If you have anyone dependent on your income, make sure life insurance in place.

All this before crypto, please.

What he said. Unless you are maxing everything out, call crypto currency what it is....gambling. I admit I put in a couple hundred this year despite not maxing out my retirement accounts and made 5x so far, but I look at it as no different than me happening to win my over/under on the bucks record no matter how much I KNEW Thon would be an allstar caliber Stretch center.

It's only investing when you have enough saved up and you are looking for riskier and bigger returns.

ETA: technically I would put HSA above IRA but otherwise you nailed it

[BUCKnation]

Finally have some money to invest after grad school. Was able to pay down current CC debts and I'm in a good place on my loans with a decent start on my savings straight out of college. Have a friend invested into crypto (Ripple right now), so I've begun to research it further. Will probably research more over the coming week or two before throwing money into it.

First priority is 401k if a match, then IRA, then emergency fund. Make sure you have disability insurance purchased. If you have anyone dependent on your income, make sure life insurance in place.

All this before crypto, please.

My expenses are very low, so I have all of that in place through my company and the 401k maxed out. I lived at home during grad school so I put half of my salary into a high-yield saving account through Ally and was able to put away a lot, so that's in a really good spot. I'm still in deferment on my student loans so I'm slowly chipping away at that rather than throwing my whole savings into the loans and paying it off now in order to ensure I still have a fall back barring something unforeseen.

Still plan to put half my paychecks into that account, but this would be some of that free money that I would spend on stuff I don't need.

[midranger]

Finally have some money to invest after grad school. Was able to pay down current CC debts and I'm in a good place on my loans with a decent start on my savings straight out of college. Have a friend invested into crypto (Ripple right now), so I've begun to research it further. Will probably research more over the coming week or two before throwing money into it.

First priority is 401k if a match, then IRA, then emergency fund. Make sure you have disability insurance purchased. If you have anyone dependent on your income, make sure life insurance in place.

All this before crypto, please.

What he said. Unless you are maxing everything out, call crypto currency what it is....gambling. I admit I put in a couple hundred this year despite not maxing out my retirement accounts and made 5x so far, but I look at it as no different than me happening to win my over/under on the bucks record no matter how much I KNEW Thon would be an allstar caliber Stretch center.

It's only investing when you have enough saved up and you are looking for riskier and bigger returns.

ETA: technically I would put HSA above IRA but otherwise you nailed it

I was going to include HSA but you have to be high deductible plan, which I assume most are not. But yeah... if you are.... fund HSA after any company match. HSA is nearly a perfect savings vehicle.

[MartyConlonOnTheRun]

Finally have some money to invest after grad school. Was able to pay down current CC debts and I'm in a good place on my loans with a decent start on my savings straight out of college. Have a friend invested into crypto (Ripple right now), so I've begun to research it further. Will probably research more over the coming week or two before throwing money into it.

First priority is 401k if a match, then IRA, then emergency fund. Make sure you have disability insurance purchased. If you have anyone dependent on your income, make sure life insurance in place.

All this before crypto, please.

My expenses are very low, so I have all of that in place through my company and the 401k maxed out. I lived at home during grad school so I put half of my salary into a high-yield saving account through Ally and was able to put away a lot, so that's in a really good spot. I'm still in deferment on my student loans so I'm slowly chipping away at that rather than throwing my whole savings into the loans and paying it off now in order to ensure I still have a fall back barring something unforeseen.

Still plan to put half my paychecks into that account, but this would be some of that free money that I would spend on stuff I don't need.

Plus 1 for you if your 401k fully maxed (18k). You are probably doing better than 95% of the population at your age (assuming under 30 if just out of grad school)

[Triple 7]

ETH about to pass 1000 USD

[BUCKnation]

First priority is 401k if a match, then IRA, then emergency fund. Make sure you have disability insurance purchased. If you have anyone dependent on your income, make sure life insurance in place.

All this before crypto, please.

My expenses are very low, so I have all of that in place through my company and the 401k maxed out. I lived at home during grad school so I put half of my salary into a high-yield saving account through Ally and was able to put away a lot, so that's in a really good spot. I'm still in deferment on my student loans so I'm slowly chipping away at that rather than throwing my whole savings into the loans and paying it off now in order to ensure I still have a fall back barring something unforeseen.

Still plan to put half my paychecks into that account, but this would be some of that free money that I would spend on stuff I don't need.

Plus 1 for you if your 401k fully maxed (18k). You are probably doing better than 95% of the population at your age (assuming under 30 if just out of grad school)

Yeah, I'm in a good spot. Not quite fully maxed but my 401k is set a 15% and my company unfortunately doesn't match but I guess they bumped salaries up to compensate when they took matching away a couple of years ago, before I got here.

[vlietinho]

Yeah, I was more asking, are there a couple of "key players" that would be positioned to be the big players in the market nationwide once the law allows.

This is a hunch but I would think the companies already involved in cigarettes and/or alcoholic beverages would be primed to purchase the collectives/companies - but I have absolutely no idea who those companies are. I'm guessing that wouldn't happen for some time though until it's federally legal. So I can only speculate long term. Maybe the collectives can't actually incorporate until it's federally legal so until then you can't invest in them in a traditional sense?

For example I do know the medical/retailers in NorCal. Harborside is one example out here and they purchase from collectives. Heck, if you grow as a resident of CA you can sell your product through them.

There's going to be a whole lot of consolidation going on in the next 5-10 years. You're right though, finding those key players early is advantageous.

Someone here must have more information.

Some large companies that have exposure to the cannabis industry are listed in this article. Interesting to say the least (at least to me).

http://www.sfgate.com/business/article/Pot-stocks-plunge-on-report-U-S-to-rescind-12473804.php

Weed stocks went down yesterday, bought some right away

[vlietinho]

https://www.bloomberg.com/news/articles/2018-01-04/ripple-slides-after-coinbase-says-not-adding-new-crypto-coins

[M-C-G]

This is a hunch but I would think the companies already involved in cigarettes and/or alcoholic beverages would be primed to purchase the collectives/companies - but I have absolutely no idea who those companies are. I'm guessing that wouldn't happen for some time though until it's federally legal. So I can only speculate long term. Maybe the collectives can't actually incorporate until it's federally legal so until then you can't invest in them in a traditional sense?

For example I do know the medical/retailers in NorCal. Harborside is one example out here and they purchase from collectives. Heck, if you grow as a resident of CA you can sell your product through them.

There's going to be a whole lot of consolidation going on in the next 5-10 years. You're right though, finding those key players early is advantageous.

Someone here must have more information.

Some large companies that have exposure to the cannabis industry are listed in this article. Interesting to say the least (at least to me).

http://www.sfgate.com/business/article/Pot-stocks-plunge-on-report-U-S-to-rescind-12473804.php

Weed stocks went down yesterday, bought some right away

May I ask what you put your money into and why? Just trying to pluck some knowledge from others research