Author Topic: Best way to invest?  (Read 1735 times)

klp526

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Best way to invest?
« on: December 30, 2014, 05:53:07 AM »
I have $4100 in an account and want to invest it. I've been considering and Index fund or some stocks, but have done neither. I need advice on what to do with it. Help for beginners!

Pooperman

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Re: Best way to invest?
« Reply #1 on: December 30, 2014, 06:07:06 AM »
I have $4100 in an account and want to invest it. I've been considering and Index fund or some stocks, but have done neither. I need advice on what to do with it. Help for beginners!

Do something with it. Lets say you lose it all. You'll learn something that will make or save you vast amounts later. Try things. Learn. Read. Whatever you do, don't let it sit there idle!

klp526

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Re: Best way to invest?
« Reply #2 on: December 30, 2014, 07:47:44 AM »
I'm not planning on sitting on it, it's currently in a 403b with no employer contribution. I either will move it to an existing IRA or a completely different acct. Just looking for options Index, stocks, existing IRA or pay off an auto loan to have less debt? Meeting with an advisor on Friday, was hoping to get some more insight from others.

wtjbatman

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Re: Best way to invest?
« Reply #3 on: December 30, 2014, 08:05:16 AM »
Go read the Bogleheads Wiki. Start here: http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit

This will help you determine if you're ready to invest, if you are what your desired asset allocation should be, and then what sort of portfolio (which index funds) you should construct based on your needs.

arebelspy

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Re: Best way to invest?
« Reply #4 on: January 02, 2015, 07:10:37 PM »
I'm not planning on sitting on it, it's currently in a 403b with no employer contribution. I either will move it to an existing IRA or a completely different acct. Just looking for options Index, stocks, existing IRA or pay off an auto loan to have less debt? Meeting with an advisor on Friday, was hoping to get some more insight from others.

The advisor has a financial incentive to put you into funds that make them money, unless they're fee only, not commission based.  Find out how they are paid.

We'd need more information about your situation, what funds are available within the 403b, etc., to give any advice.

Good luck!
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