The "What Are You Doing This Moment" Thread

Thinking that too, or at least until I get a sizeable retirement amount in there. If I stay above 10% for the next 35 years I might be a millionaire :lol:
 
rms said:
anyone smart on investments? is it financially 'smarter' to split retirement $'s or 100%?

for instance,



better to split between C and S or stick 100% in C or S?
Click to expand...


Depends on when you plan to retire. If it's greater than ten years, I would suggest putting 100% in the most aggressive fund and gradually diversify in less risky funds as you get closer. It's hard to really to give a more dedicated response without knowing what the portfolio's are in each fund. I'm only a CPA though so I may not be the best source, but it would also would be nice to know the tax status on the funds you're contributing as well.

edit: Is this an IRA/401(K) or something else?
 
rms said:
anyone smart on investments? is it financially 'smarter' to split retirement $'s or 100%?

for instance,



better to split between C and S or stick 100% in C or S?
Click to expand...

Dak said:
I just know that conventional advice is to split your money more towards riskier investments earlier on in life, and slowly slide it more to safer investments as you age.

https://www.cnbc.com/2015/06/10/age-and-risk-tolerance-key-to-mastering-asset-allocation.html
Click to expand...

Dazed and Brutal said:
Depends on when you plan to retire. If it's greater than ten years, I would suggest putting 100% in the most aggressive fund and gradually diversify in less risky funds as you get closer. It's hard to really to give a more dedicated response without knowing what the portfolio's are in each fund. I'm only a CPA though so I may not be the best source, but it would also would be nice to know the tax status on the funds you're contributing as well.

edit: Is this an IRA/401(K) or something else?
Click to expand...

There are entire books written about investment strategy. I agree with Dazed's opinion to an extent but it's all dependent upon how 'risk averse' you are. If you are young and don't mind taking risk, try something like emerging markets or an aggressive growth fund. If you care more about dividend income and don't want to high growth, get income driven stocks (like blue chip stocks or whatever) or bonds since they pay money every 6 months for 'x' amount of years. I would speak to an adviser if you have one available. I have a securities license but I'm so far removed from the finance realm at this point in my life that my advice won't be that great tbh. I got a degree in Finance and don't even use it anymore but it still really interests me.

It would be helpful to know what each of those funds comprises so that we could probably give you a little more info.

Dazed and Brutal said:
Something you do when your life's work is unfulfilling like being a corporate drone a la me.
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He won't retire. He will be injecting a gorillion Hamm's into his veins and snorting lines of coke off scratched up Thin Lizzy LPs until he dies of heart disease at 47.
 
He won't retire. He will be injecting a gorillion Hamm's into his veins and snorting lines of coke off scratched up Thin Lizzy LPs until he dies of heart disease at 47.
Click to expand...

This sounds fucking awesome. Way better than paying off a mortgage until I'm 65, living in Ohio, and dying of diabetes at 73.
 
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The Ozzman said:
An entity that essentially legalizes extortion? Cool story, bro! Post a picture of you wearing your brand new Che shirt you bought on Amazon.
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I held off from making the incoming Atlas Shrugged joke initially to play nice, but since you followed it up...

The Ozzman said:
Doesn't mean shit if the pension becomes underfunded and they can't pay you which is highly likely in 30+ years.
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Doesn't mean shit when the movers of the world abandon us for their orgy in Colorado and you can't outrun the starving masses from devouring your plentiful self.
 
"Ozz attacked something I like as a liberal so I'll just attack him and call him fat because I'm a trend hopping faggot piece of shit instead of actually justifying my position of why what he said about pension plans is incorrect and assume the only book he has read in the past 10 years is Atlas Shrugged and I'll try and loosely correlate the two. That'll show him"
 
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The Ozzman said:
"Ozz attacked something I like as a liberal so I'll just attack him and call him fat because I'm a trend hopping faggot piece of shit instead of actually justifying my position of why what he said about pension plans is incorrect and assume the only book he has read in the past 10 years is Atlas Shrugged and I'll try and loosely correlate the two. That'll show him"
Click to expand...

Lol what is your problem? Don't you have something better to do with your life than attack all the horrible things that I do?
 
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