1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Where are you investing your IRA?

Discussion in 'BBS Hangout' started by DarkHorse, Apr 15, 2010.

  1. DarkHorse

    DarkHorse Member

    Joined:
    Oct 9, 1999
    Messages:
    6,734
    Likes Received:
    1,248
    I know there are a lot of other financial gurus out there on ClutchFans, so I figured I'd ask around.

    I pretty much manage my own funds as much as a I can without literally putting my retirement into individual stocks/bonds/etc.

    Anyway, I'm looking for a well-performing managed fund to put my Roth IRA money into, and I'm curious if anyone is happy with what they've got.

    My 401k has been getting awesome returns since the market turned last year, but my IRA has been pretty disappointing. I think it's just too conservative for my tastes.
     
  2. Acedude

    Acedude Member

    Joined:
    Oct 9, 2007
    Messages:
    1,010
    Likes Received:
    47
    Really depends on where you are in life. If you're closer to retirement, you'll want something conservative/large cap, and if you're just a couple years out of college, you can take on more risks with small cap funds. I used VFINX for large cap and VIMSX for small/mid cap.

    /not a financial guru
     
  3. DarkHorse

    DarkHorse Member

    Joined:
    Oct 9, 1999
    Messages:
    6,734
    Likes Received:
    1,248
    Let me be a little more clear. For one thing, I'm definitely familiar enough with the fundamentals/basics of investing to know the "how to invest my money" part.

    For the record, I'm 31 and still looking to be relatively aggressive on my retirement.

    I guess I've seen enough conversation in the "Let's talk stocks and investing" thread to assume that there were some others on here who might have some opinions on a good place to go with my IRA since I'm fishing around for a new fund.

    :)
     
  4. Acedude

    Acedude Member

    Joined:
    Oct 9, 2007
    Messages:
    1,010
    Likes Received:
    47
    If you know the fundamentals, then it should be easy just to pick a no- or low-load fund of the appropriate market cap from your favorite financial institution :grin:

    If you got the chance to skim through "Little Book of Common Sense Investing" by John Bogle, you wouldn't waste any money on actively managed funds. Cost is king, and the effect of compounding cost will be what makes or breaks your retirement fund in the long run.

    Also in the book, I believe that only about 0.5% of the actively managed funds consistently beats the market average over the long term (we're talking about decades, which is the scope of retirement), while the rest of the funds managed to break even, lose money, or are no longer existent. As the say "past gains doesn't indicate future performance" goes, I would also avoid trying to find the "winning" fund, and just stick with something below 1% expense ratio.

    It's not all that bad just being "average" when it comes to investing.
     
  5. Xerobull

    Xerobull You son of a b!tch! I'm in!
    Supporting Member

    Joined:
    Jun 18, 2003
    Messages:
    33,962
    Likes Received:
    31,719
    Screw that IRA crap!

    I got my money in IMA:

    IMA get rich, quick!

    [​IMG]
     
  6. No Worries

    No Worries Member

    Joined:
    Jun 30, 1999
    Messages:
    30,623
    Likes Received:
    17,639
    Target Date mutual funds are a perfect fit for IRAs/401Ks.
     
  7. ArtV

    ArtV Member

    Joined:
    Jun 25, 2002
    Messages:
    6,916
    Likes Received:
    1,536
    I've been heavily into C (3.20), BAC (14.90), a little GS (167), a small amount in AIG (39) and some in my company's stock UNM (13+). My kid's college funds consisted of F (10), C (3.20) and BAC (14.90). I pulled them out of F completely at it's high and 1/2 out of C and BAC recently. I'm not sure where I should put their money - one is getting ready to grad HS and the other 2 aren't far behind so I may keep that money on the sideline, wait for a pullback or find a new area to jump in (open to ideas to research).

    I made a killing in energy a few years ago then lost most of it over the past couple of years. I've made it back in financials so I'm finally back to my predrop levels.

    I know that you don't want individual stocks but if you reseach and watch them closely I think some money in stocks is a good thing.
     
  8. RocketMan Tex

    RocketMan Tex Member

    Joined:
    Feb 15, 1999
    Messages:
    18,452
    Likes Received:
    116
    ETFs that pay monthly dividends. I'm not back to my pre-market nosedive level but I'm getting there.
     
  9. DonkeyMagic

    DonkeyMagic Member
    Supporting Member

    Joined:
    May 22, 2006
    Messages:
    21,571
    Likes Received:
    3,429
    put it on OJ....

    [​IMG]
     
  10. Big MAK

    Big MAK Member

    Joined:
    Nov 13, 2008
    Messages:
    4,305
    Likes Received:
    322
    C NE MDR ATVI CYOU (options) ETFC PNRZX DEFIX SSEMX SSGDX etc.

    Diversify. Mutual funds are easy for an IRA, especially when you're younger, to diversify. I'm 26 and have had my IRA for 3 years, maxed 5k the past 2 years and 3k my first year. So, it's hard to buy stocks that arnt cheap.

    Put your money in stuff you think will do well in the long run. Remember, that $9.99 commission is something you wont get back in your retirement, so choose your stocks wisely (and mutual funds too, if they charge commission).

    If you're just starting, diversify among funds in different countries, sectors, etc. Energy, emerging markets, tech, financial, health care, etc.

    I would look into Citi, if you dont plan on retiring in the next decade. I bought 2000 shares in the low $3s. If over the next few decades it goes back to $60, that's a pretty nice return.
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now