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For the OP to move to another country would be the most extreme decision. I can only speak of El Salvador. Airfare is about $600 roundtrip. You would need a work permit, since you know english you can get a job at a call center, I think Dell operates one in San Salvador. Get yourself an A+ Certifica...

The STAR fund was my first fund when I first opened my account with Vanguard. It is a very fine fund.

Stay in Brooklyn. Check out these neighborhoods, Fort Greene, Clinton Hill, even Bed-Stuy along the A, C lines. any stop between High St and Nostrand Ave. Within this zone you can get to Manhattan between 5 to 15 minutes max.

I'm not budging. I'm mostly in stocks. When I hear professionals speak I listen but according to my situation. Everyone's situation is different. I'm staying the course, I believe these financial professionals have enough money to shuffle their funds and not get hurt too much. I for one don't have t...

Thank you all for your help. When it comes to investing, savings etc. my friend's attention does not hold for long, he knows it is important but he can easily ignore it and go to something else. He is an aspiring musician. His passion and attention comes out when it is about music but investing not ...

I have a coworker who contributes to his 401k. We both work in the same company, his portfolio is set up where he has a small portion allocated in a Fidelity money market fund and the rest in a Freedom fund. He wasn't aware of which one is it. He wants to invest but he wants to set it and forget it....

I wish the SNP 500 did 12% or better every year. That the returns would never ever fall below 12% every year and that it would be as predictable as seeing the stars in the sky so we wouldn't have any worry. Alas that is only a pipedream.

Just like other active managers maybe Dave believes in his investment philosophy so much because it has worked for him all these years. If someone were to start investing his way now well it might not be a good idea (1980's compared to the 2000's 2 different worlds in my opinion) Maybe I'll send him...

Reading and sleeping.

Dave is still the man in my book. Listening to him helped fix my finances. There are just some things that never changes otherwise Wall Street would be all about passive investing but everyone knows that would certainly never happen.

I love Dave and I think I should send him the Bogleheads Guide to Investing book. Yesterday he was encouraging people to invest. On Twitter he posted 2 funds he says he puts his money in. The ticker symbols for these are AIVSX and AGTHX two growth funds. I compared these funds to the Fidelity Sparta...

I am currently reading The Intelligent Investor by Benjamin Graham

It may not be a bad idea to invest. You already been there a year. Contribute up to the company match. when you go to another company or field you can always transfer the funds to another brokerage house when you leave I contribute to my company's 401k and been working at the same place for 6 years ...

Do not worry about when it is a good time to buy. If you are saving for retirement then the most important thing is to save no matter if the market is up or down. Do not time the market, pick stocks, pick expensive mutual funds. Do invest in index funds, save periodically, keep it simple, and rebala...

I like this topic. I was always interested to know any success stories people had about their stock picks. Unfortunately there were only a few wins. I read one story of a member of this forum who was given over $1,000 worth of McDonalds stocks when he graduated from high school. It grew so much that...

No nothing like that. A friend of mine told me that I should get my overtime paid in a separate check because I would pay less taxes on it. I'm not very good with tax issues. I tried it once and it did seem I had less taken out compared to having it all lumped together in one check.

Hello everyone, I work in a law firm as a file clerk in Manhattan and I'm doing over 30 hours of overtime every pay period which is every 15 days. My question is if there is any advantages of having my overtime pay put in a separate check? what are any tax advantages or disadvantages? or it does not...

yeah, I forgot that detail. I owe $1,349 @ 0% until June on a credit card, but I figure I'll pay it off when I get my bonus in February. I'll never do it again, I promise . I should write that on the board 100x like bart simpson "Never borrow money again".

Sacrifice. pure sacrifice. What made it easy is selling some stuff I had, I still have items to sell. All monies go straight to the Roth.

Hello everyone, the end of the year is approaching and I need help with my portfolio whether I should change anything. Here's my stats. age:30 Single income: about $36k for this year location: Brooklyn, NY Currently I contribute 10% to my 401k and $1,950 so far in Roth IRA. My plan is to give the ma...

Hi Mr. Ferri I saw your recent video on Morningstar, and I think your spot on. I see your flight pattern method as 1 of the many roads to secure retirement or preserve wealth. What stood for me is when you said that ones investment philosophy is most important because it is what determines what our ...

The line at the TKTS booth in Times Square is always long. I would reccommend taking the R train down to Brooklyn get off at Jay St-Metrotech. Walk half a block up Jay St and you will find a TKTS booth without the crowds across the street from the Marriott hotel. You are also walking distance to the...

I personally bank with Charles Schwab. Their high yield investor checking account is good and their customer service is the best. You can actually talk to a real person. Free checks, Free deposit envelopes, Transfers will take 2-4 days and deposits more or less takes 2 days for me. Depositing cash d...

Hello everyone I need help. I'm turning 30 soon, I'm actively pursuing other career goals but I was presented with some oppurtunities. I need help in what I should do I currently work for the records department in a mid tier law firm. Salary is around $29k but my supervisor is giving me hints that t...

I have been thinking the same thing too "why not Wellington?" Wellington and the Star Fund have been debated for such a long time while both funds have grown. From my perspective I am sold on the index approach. We all know the risk with active management vs a passive one. Some people may ...

Welcome to the forums, the advice you get here is true and safe. Maybe the advice was a bit blunt by some posters but its with the best intentions. Investing can be addictive even self destructive if not held in check. Research the reading list and take a load off. The most important advice is that ...

Welcome to the forum, Just follow the wiki, pkcrafter is right the target retirement fund are good place to start maybe the only fund you will ever need. Also pick up the book The Bogleheads Guide to Investing the only investment book you will ever need.

A fellow co-worker commutes in bicycle from home to work. He learned how to bike later in life. I asked him how he learned, you should get a bike that is comfortable for you to ride on if its single speed even better. Practice on a grassy field in a park but one that has a slope that is not too stee...

Maybe Habitat for Humanity would be an option but I prefer finding a foreclosure or a good deal, I'm giving myself a 5 year window hopefully I can find a way to increase my income in the meantime. there are 4 boroughs to look at (Manhattan is out of the question) but Brooklyn is dear to me. With the...

Your right NMK1, I wasn't thinking of buying now I see myself saving like crazy for at least 5 years before buying anything. I would hope that in 5 years my salary would rise with the job change. In 5 years anything can happen, paying 12% interest in a mortgage seems out of this world, from another ...

Thanks for the replies everyone, my travels aren't extensive but I have been to Houston, San Antonio, Miami, Hollywood, Florida, Orlando, and Los Angeles. Nice places to visit but to live is another story, especially Houston. I hate driving, I don't like Long Island too much. I live with my parents,...

I have a dilemma, I want to buy real estate someday, I live in NYC which according to the media is one of the most expensive cities to live. I manage quite well, I was born and raised in Brooklyn. I love the city life yet buying a brownstone or 2 family house is seeming more like a dream than a real...

Seems like the Dharma Initiative are experimenting with index funds. Reminds me of the TV show Lost, Dharma beer, Dharma Cereal, Dharma Peanut Butter, Dharma everything.

This is a good post. It is a reminder that "average" return from an index fund is better than the returns from an active fund. This fact keep me grounded when I get tempted to outsmart the market.

I love the quote MarkNYC wrote. I learned my share of mistakes when I began with a small portfolio. There is so much financial spin in the media and bookstores. What's worse it is your hard earned money that goes to a broker who easily receives it by just a couple of keystrokes. Trust no one because...

Your right Schwab wants a $1000 minimum, Vanguard would be a good choice.

I need help. My sister is 16 and she will be working this summer earning about $7.75/hr, 8 hours a day 5 days a week with opportunities to work saturdays for extra money. I want to teach her about saving and investing early. Where do you suggest she should open a roth ira account and which funds wou...

Retiring early is a great goal. I think you should save a little more than $1 mil just to be safe. Have you looked up Billy and Akaisha Kaderli's website http://retireearlylifestyle.com/ ? They retired at 38. I hope the info helps.

At one point I did have 100% in equities. Now its 75% stocks, 25% Bonds (I'm 29). I do Age -5, I figure I could change the bond allocation every 5 years by 5. Any opinions on this method?

Smartest financial moves I ever made
1.Read the Bogleheads Guide to Investment
2.Contribute to my 401k
3.Opened Roth IRA with Vanguard
4.Saving money in the Emergency Fund.
5. No debts

Saving and having a better handle over my finances, priceless.

I'm not Indian but I am a child of immigrant parents. My parents came in 1982 fleeing the civil that ravaged in El Salvador and they made New York their home. For years I heard my family say that in 10 years after they made some money they would return to El Salvador. Its been 30 years now and they ...

How old is your child? maybe you can open a brokerage account and have him pick a stock he would really like to own like McDonalds or Coka. I personally have the Schwab checking account which includes the brokerage account as well. You can probably open it in his name and tell him to invest in a low...

I'm also thinking of buying property in the city in about 3-5 years from now. I still see prices kinda of high but how low can prices go if there is a huge backlog of foreclosures waiting to happen?

Thats a pretty good set up EricFox11. Richard Ferri's books are really good, I borrowed All About Index Funds. I don't mind slicing and dicing but you have to go about it with a plan that makes sense. If I had to add anything on my portfolio it would be 20% small caps but I have no options yet since...

This question was purely for educational purposes. I have the Star Fund in my Roth which I am happy with I just wish it could qualify for Admiral shares. So in essence there is no staggering difference performance wise between the LIfe Strategy and a 3 Fund portfolio except one is packaged like an e...

Correct me if I'm wrong but maybe the 3 fund portfolio is just too boring for a 24 year old. Investing somehow has to be more exciting than a 3 fund portfolio. Follow this simple rule: Keep It Simple Stupid. When you have enough saved up then you can begin adding a tilt here and there but you must f...

Life Strategy Funds is a "funds of funds" 3 funds in one. The 3 Fund portfolio has Vanguard's 3 funds but each are stand alone. Life Strategy Funds have a minimum of $3,000 while setting up a 3 fund portfolio will cost $9,000 in total. Are there any differences when it come to performance?...

Sorry your sister is going through such a rough situation but its great she has a brother like you to help her. Maybe she should reconsider selling the house. Keeping the house for the sake of the kids does not sound like a good idea. Selling the house and renting would probably be the best situatio...

I can't max out the 401k but I am putting 10% of my salary in this account. I have more chances maxing out the Roth. I like the idea of using the Vanguard Total International in my Roth, its something for me to think about when I get to the $3,000 minimum. I have to admit though I got the investing ...

I need some help investing in taxable. I did my research what I need is input. I have a checking account with Charles Schwab which includes brokerage account. My idea is to use this space for investing in international funds what do you guys think? age:29 Emergency Fund - 3 months Fidelity 401k - $1...