The absolute best investment advice you will ever get.

[HMFIC_BROWSIN]

only need to 2 criteria.

1. Company must be relatively large. Market cap of $10billion or greater.
2. The founder of the company must still be the CEO.

If either of these 2 criteria change, dump it and move on.

for every time you miss an odd opportunity where the company continues to grow after the founder leaves or dies (see APPLE), you gain 10 other opportunities for better growth in other founder-led companies.

And that's it. It's naturally cleansing, and easy as fuk to follow. Founders have a vision and aren't afraid to take risk. Replacement leaders are glorified bean counters with absolutely no vision what-so-ever.

[Train57]

or you could invest in bitcoin

[HMFIC_BROWSIN]

or you could invest in bitcoin

I do.

[iceypain]

but who was valuation?

[HMFIC_BROWSIN]

but who was valuation?

Doesn't matter.

You just need a futuristic vision. No bean counters.

[Muddschell]

or you could invest in bitcoin

One should never "invest" in an object that can/will disappear when somebody changes some code (as has been done in the past when millions just vanished)

[Redundanteater]

This is actually not totally unreasonable, especially in the context of sensible allocation.

[rollsroy]

I think the whole misc needs to read this (again)

[iceypain]

Doesn't matter.

You just need a futuristic vision. No bean counters.

Like snap and twtr?

[HMFIC_BROWSIN]

Like snap and twtr?

Like amazon, google, ********, square, nvidia, cognizant. The FUTURE. not GE. twtr would actually be a GREAT investment compared to walmart/ge/*** etc

[HMFIC_BROWSIN]

This is actually not totally unreasonable, especially in the context of sensible allocation.

thanks brah

[mabidi]

only need to 2 criteria.

1. Company must be relatively large. Market cap of $10billion or greater.
2. The founder of the company must still be the CEO.

If either of these 2 criteria change, dump it and move on.

for every time you miss an odd opportunity where the company continues to grow after the founder leaves or dies (see APPLE), you gain 10 other opportunities for better growth in other founder-led companies.

And that's it. It's naturally cleansing, and easy as fuk to follow. Founders have a vision and aren't afraid to take risk. Replacement leaders are glorified bean counters with absolutely no vision what-so-ever.

by that logic, you're saying dump Apple

no thx jeff

[Redundanteater]

There's an ETF vaguely along this idea: BOSS

https://www.globalxfunds.com/funds/boss/

Still too new for meaningful performance assessment, but doesn't look like garbage.

[CiaoCiaoChinga]

nah, that's total bull****. APPL changed ceos plenty of times. What has happened since steve jobs died and Tim Cook took over? The stock has done nothing but soar. lol who told you those stupid things. Man when I invested in Netflix it wasn't even close to 10 billion. Very stupid advice, I'll slap the plss out of you son. Here's the best advice, directly from the old geezer Warren Buffet

If you really like a product, buy the company's stock.

Do you understand me son?
Class dismissed

[HMFIC_BROWSIN]

nah, that's total bull****. APPL changed ceos plenty of times. What has happened since steve jobs died and Tim Cook took over? The stock has done nothing but soar. lol who told you those stupid things. Man when I invested in Netflix it wasn't even close to 10 billion. Very stupid advice, I'll slap the plss out of you son. Here's the best advice, directly from the old geezer Warren Buffet

If you really like a product, buy the company's stock.

Do you understand me son?
Class dismissed

while you were investing in apple, I was in amazon and nvidia. who wins?

[Hadtodoit]

Lol, honestly the best advice for advice is this.

Just put all of your money in these 3 funds. VTI, VXUS, and BND with a 60/20/20 split through Vanguard and keep contributing. (total US stock market, total international stock market, and total US bond market)

Done.

That one sentence will beat something like 95% of all investors including those who try to pick their own stocks like the OP's advice, or those who buy into over hyped trends (won't say the name).

[Peter Ruby]

while you were investing in apple, I was in amazon and nvidia. who wins?

Depends who invested more.

[Redundanteater]

Lol, honestly the best advice for advice is this.

Just put all of your money in these 3 funds. VTI, VXUS, and BND with a 60/20/20 split through Vanguard and keep contributing. (total US stock market, total international stock market, and total US bond market)

Done.

That one sentence will beat something like 95% of all investors including those who try to pick their own stocks like the OP's advice, or those who buy into over hyped trends (won't say the name).

Many/most people just cannot help themselves though. Anyone with the slightest ability to comprehend and think logically will come to a conclusion similar to the above. But how many can actually follow through? Put most of your money to work in low MER index funds, with some relatively small proportion (5-10%) to be allocated as you wish e.g. per OP's suggestion. This way if the novel idea works, awesome. If not, you shouldn't be damaged too badly.

[strengthgained]

Let’s take advice from someone gambling in crypto

[Hadtodoit]

Many/most people just cannot help themselves though. Anyone with the slightest ability to comprehend and think logically will come to a conclusion similar to the above.

But how many can actually follow through? Put most of your money to work in low MER index funds, with some relatively small proportion (5-10%) to be allocated as you wish e.g. per OP's suggestion. This way if the novel idea works, awesome. If not, you shouldn't be damaged too badly.

I agree. Most people somehow think they can get rich quick.. but those people end up losing their money. A fool will always be separated from his dollar.

Good advice on your end, if you absolutely don't have the patience to use the true proven method, then just do it with a small amount and call it gambling money. Pro tip, you can't get rich quickly without luck, same as a casino.

[HMFIC_BROWSIN]

Index funds include horse chit such as Kohl's, bed bath beyond, and Macy's. No thanks Jeff.

[Frank Drebin]

Better advice, ETF's.

[DrFeeIGood]

Lol, honestly the best advice for advice is this.

Just put all of your money in these 3 funds. VTI, VXUS, and BND with a 60/20/20 split through Vanguard and keep contributing. (total US stock market, total international stock market, and total US bond market)

Done.

That one sentence will beat something like 95% of all investors including those who try to pick their own stocks like the OP's advice, or those who buy into over hyped trends (won't say the name).

So what kind of returns are we talking here annually? 4-12%? Do you set this up on your own or do you need a broker? Any good recommendations on companies to use online to set this up yourself? (assuming no company help)

[Hadtodoit]

So what kind of returns are we talking here annually? 4-12%? Do you set this up on your own or do you need a broker? Any good recommendations on companies to use online to set this up yourself? (assuming no company help)

First step is join a real investing forum like Bogleheads, not this forum. This is like a second hand store in terms of advice.

Returns follow "the market" which is sort of the average of all the stocks. This year, the last 12 months, has been about 23% interest, but that's abnormally high and can't expect that to continue. On average, the mix I suggested will get about 8-8.5% interest on average annually. It's extremely diversified, in fact it's basically every stock in the world outside penny stocks I believe, so you don't ever lose it all, and if you do, you'll be more focused on gathering food and water and surviving because that's end of world stuff.

Don't need a broker, a broker is a waste of money. Literally just call up Vanguard, follow their steps into opening an account, transfer money from your checking into their "money market" account which is their settlement account, once it's settled a week or two later, just call them and ask to divide up your money like that. 60% VTI, which is total US market. 20% VXUS, which is total international stocks, and 20% BND. The BND is total US bonds, helps soften the blow of economic downturns.

Next step is to focus all your new, saved energy into your job to get a bigger paycheck and keep contributing more equally between those percentages.

Next step is to literally repeat and get rich. It's truly not difficult, just stick to it. Try not to withdraw money. You can teak this a bit, but it's all fine tuning after these basics and also using tax advantaged stuff like 401k or IRA/Roth IRA, etc. Just memorize these basics, head over to Bogleheads, sign up and ask them.

Most of all, don't pay a broker and don't buy into 'trends'.

edit: PS, there are thousands of articles proving that those who choose this method outperform those who think they can pick their own individual stocks. It's a well known, accepted fact in the investing community. This is the better method than picking single stocks or trying to time the market.

[DrFeeIGood]

First step is join a real investing forum like Bogleheads, not this forum. This is like a second hand store in terms of advice.

Returns follow "the market" which is sort of the average of all the stocks. This year, the last 12 months, has been about 23% interest, but that's abnormally high and can't expect that to continue. On average, the mix I suggested will get about 8-8.5% interest on average annually. It's extremely diversified, in fact it's basically every stock in the world outside penny stocks I believe, so you don't ever lose it all, and if you do, you'll be more focused on gathering food and water and surviving because that's end of world stuff.

Don't need a broker, a broker is a waste of money. Literally just call up Vanguard, follow their steps into opening an account, transfer money from your checking into their "money market" account which is their settlement account, once it's settled a week or two later, just call them and ask to divide up your money like that. 60% VTI, which is total US market. 20% VXUS, which is total international stocks, and 20% BND. The BND is total US bonds, helps soften the blow of economic downturns.

Next step is to focus all your new, saved energy into your job to get a bigger paycheck and keep contributing more equally between those percentages.

Next step is to literally repeat and get rich. It's truly not difficult, just stick to it. Try not to withdraw money. You can teak this a bit, but it's all fine tuning after these basics and also using tax advantaged stuff like 401k or IRA/Roth IRA, etc. Just memorize these basics, head over to Bogleheads, sign up and ask them.

Most of all, don't pay a broker and don't buy into 'trends'.

edit: PS, there are thousands of articles proving that those who choose this method outperform those who think they can pick their own individual stocks. It's a well known, accepted fact in the investing community. This is the better method than picking single stocks or trying to time the market.

Thanks.

What does Vanguard charge to do all of this?
Is the money you invest into this tax deductible?
I assume the money is taxed when its pulled out, unless you are over a certain age?
Is there a maximum annual amount you can contribute to this vanguard account (for tax purposes)?
Do you have to pay taxes on the gains each year even if you leave the money in?

[Hadtodoit]

Thanks.

What does Vanguard charge to do all of this?
Is the money you invest into this tax deductible?
I assume the money is taxed when its pulled out, unless you are over a certain age?
Is there a maximum annual amount you can contribute to this vanguard account (for tax purposes)?
Do you have to pay taxes on the gains each year even if you leave the money in?

Anytime bro.

1) Vanguard is one of many brokerage companies. I've been paying close attention to the investing world for 8-9+ years now, and Vanguard seems to be a really large, solid company that most people I interact with say is the best. It's possible you could find another brokerage company that has slightly lower fees, but if you did it wouldn't be by much. Their customer service is top notch, it feels as if they answer the phone fast and hire only US university educated people as customer service reps. They have about the lowest fees around. Fees for stocks are charged in something called "ER" or "Expense Ratio", basically a small, small percentage of your interest goes to them. Otherwise you don't really pay anything. Some of their funds have something called Admiral Share status, basically once you have $10k of that specific fund, their fees drop down even more. It's about 0.05% for the VTI, 0.15% for VXUS and.. I forget what for BND, but those percents are so low that you don't have to worry about it until you're well on your way.

2) Nope. Money you invest (outside of your 401k or IRA) is just money you have that you invested. Can't deduct it. Now.. if you sold the stocks when they were lower, you can deduct your loss yeah.. but the goal is to never really sell. Long term is the rich mans game. However like I said in the beginning, 401k and IRA are basically just umbrellas you invest under that you DO get to write it off, basically if you contributed $5k into your 401k in a given year, the government will act like you made $5k less than you did and won't tax you on that $5k. It's a government incentive to save for retirement.

3) Yes, when money is pulled out it's taxed. If you had that money in there under a year, it's taxed at your income bracket. When you've had it over a year, it's taxed at I think currently either 14 or 15%, can't remember which one but I think it's now 15% tax. So again, key is don't sell. Long term.

4) None at all for your regular "non tax advantaged" accounts, aka regular accounts. Contribute away. Although, the ones that provide tax advantages like 401k or IRAs do have caps. IRA is like $5,500/year, and the 401k is about $16.5k/year. They limit it because it's basically free money incentive to save for retirement.

5) Nope, you only pay taxes when you sell stocks. You can buy all day and it never affects your taxes. Only selling, which once you sign up at Bogleheads, you'll learn that the idea is to let compound interest happen and plan for long term.


God I love teaching people. Thanks for asking bro

[Deezenutz]

One should never "invest" in an object that can/will disappear when somebody changes some code (as has been done in the past when millions just vanished)

Clearly you don't know much about crypto. I've seen you post stuff like this a few times, lol

[DrFeeIGood]

Anytime bro.
God I love teaching people. Thanks for asking bro

Solid solid man. The reason I am so far behind as a small biz owner I've always just reinvested in the business, which of course was the best use of my money at the time. Now that things are pretty stable I am looking at more diversified places to put the money. Seeing as how I do not work for a large company, nor ever will, I wonder how I could invest into a 401(k) situation?

I've heard some biz owners throw around the terms "defined benefit plans"
Also, the 60/20/20 plan, can you run that same set-up in a 401(k)?

Basically the 401(k) has pros and cons:

Pros:

Tax deductible, also biz can contribute (more tax advantages)

Cons:

Not as flexible, penalty for taking money out on top of the taxes you have to pay?

Sorry I could just google all of this, but I literally have zero experience with the market.

[Hadtodoit]

Solid solid man. The reason I am so far behind as a small biz owner I've always just reinvested in the business, which of course was the best use of my money at the time. Now that things are pretty stable I am looking at more diversified places to put the money. Seeing as how I do not work for a large company, nor ever will, I wonder how I could invest into a 401(k) situation?

I've heard some biz owners throw around the terms "defined benefit plans"
Also, the 60/20/20 plan, can you run that same set-up in a 401(k)?

Sorry I could just google all of this, but I literally have zero experience with the market.

Good stuff. Well, if you ever want some personalized advice, you're welcome to PM me. As ridiculous as this forum gets sometimes, I still try to check it there's always something entertaining after going through the bs. I'll always give you what I believe is the real, true advice and I'll send you to forums to have other professionals back it up.

Also, as of this moment, you actually know more about investing than probably 70% of the population so you're no longer behind. It's not nearly as complex as others make it out to be. Those who try to over complicate it and pick their own stocks and market time routinely don't do as well as the above strategies.

To answer your 401k question, yes, you can do that 60/20/20 plan inside any tax advantaged account. HOWEVER, generally, 401ks are only offered through your employer. They partner with some company for it and more often than not, they'll only have like 10-20 "investing" options.. and none of those are usually an index fund like we listed. So, what you do for most 401ks is find the most similar thing. Some funds that work well are the "target retirement 20xx" funds or the S&P500 if they offer that.

In the IRA, you can actually do exactly the 60/20/20 plan, just call Vanguard and ask that they divide that money (the cap, $5,500) up between those funds with those percentages if that makes sense. Or if you could only afford to put say $2k into your IRA then just use a calculator. Roth IRA is generally best, the other forum can help you understand why.

Use this route and continue doing what you're doing, work hard to increase your income. Invest your income. Don't waste time on overcomplicating investing. The two most important factors are time and regular contributions without selling stocks.

I started this like 7 years ago and I can't explain how good it feels on a day to day basis (literally) to know my money is making me free money. Every single day hundreds are coming in for free now on average. Investing is amazing, use it, sign up at the forums and learn it... although like I said, 90% of the info you need is now in this one thread.

[DrFeeIGood]

Jesus christ, what a joke, I just looked up the max you can contribute to a roth IRA, and its based off salary! Which if over $135k a year is $0, wow. So basically you work harder and smarter than others and you are penalized for it, gotta love the stupid government.