01-24-2013, 10:20 PM | #15 | |
Drives: 2012 AGM SS Join Date: Jun 2012
Location: Las Vegas
Posts: 1,407
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It's fun but frustrating at the same time. |
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01-25-2013, 09:58 PM | #16 |
Drives: Getaway Special Join Date: Jan 2013
Location: Globe Trotter - CIU
Posts: 398
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Right now there is hardly a place to secure income from the market. Not with Banks, CD's, money markets. I highly recommend taking any inheritances and buying annuities of any kind. They are ALL rape artists. I could get into details and show you how, but I don't care to waste my time.
If you want a "decent" worry free return look at VWITX, VWAHX, VMLTX. I know you can make more, but not without red tape. Hell, the ONE year return on VWAHX is 9.36% .... Federal state tax free!!! What would that be .... 12% return if it has been taxed? Guys/Gals there are options out there. The nice thing is the Vanguard boys and girls know when to activley get out of California or Chicago bonds. And the Expense ration on these is lik 2/10th of ONE percent. It doenst get any better in my opinion. If you had a million bucks in this one... you'd be getting $93,600 return tax free. Now you will have to pay some taxes earned in states outside your home state, but not much red tape to that. Hell, Vanguard doesnt even send you a 1099 on these earnings. Just trying to help you gentlmen and ladies who support them. |
04-29-2014, 02:39 PM | #17 |
Drives: 1LT Join Date: Apr 2014
Location: Kilmarnock,va
Posts: 55
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I invest in dividend stocks,like Verizon,Altria,phillip Morris,etc.In fact I'm buying the vette from dividends.
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04-29-2014, 04:12 PM | #18 |
Drives: 2014 Corvette Coupe Join Date: Mar 2014
Location: Ohio
Posts: 171
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My thoughts...individual stocks are inherently risky. Mutual funds are the best long term for diversification and be sure to choose low cost funds. Fees and expenses grind away a lot of your returns over time. I highly recommend watching this Frontline episode
"The Retirement Gamble" http://www.pbs.org/wgbh/pages/frontl...rement-gamble/ It's an eye opener regarding how much can be lost to sales loads / high expense ratios /revenue sharing agreements that advisers have with fund companies /and other BS fees. Watch the entire episode. |
04-29-2014, 04:16 PM | #19 | |
Drives: 2014 Corvette Coupe Join Date: Mar 2014
Location: Ohio
Posts: 171
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And yes Vanguard is the best place for quality and low expenses |
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