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Re: ~15K to start portfolio, suggestions?

bump, thank you guys, just looking for a couple other views.
by baseballcb95
Sun Feb 17, 2013 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: ~15K to start portfolio, suggestions?
Replies: 4
Views: 510

~15K to start portfolio, suggestions?

Hey Bogleheads, I currenly have a "net worth" of about $28,500. I am 17 years old with no debt, no montly obligations, and a sufficient college fund. The net worth is just a combintion of different investments that have been set up for me, that I set up for myself, and cash. Roth IRA - Max...
by baseballcb95
Sun Feb 17, 2013 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: ~15K to start portfolio, suggestions?
Replies: 4
Views: 510

Re: Modified Adjusted Gross Income?

Thanks for the quick replies.. Hopefully I can get a few more to be sure but you guys seem right and it was my gut instinct anyways.
by baseballcb95
Tue Feb 05, 2013 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Modified Adjusted Gross Income?
Replies: 14
Views: 1470

Re: Modified Adjusted Gross Income?

You have until April to contribute $5,000 post-tax.. so keep contributing until you've maxed out that 5k! Wish I could've started at 17... I think you misunderstood or I wasn't clear... As I understand it, I can contribute $5,000 or as much money as I make up until $5,000 for the 2012 tax year befo...
by baseballcb95
Tue Feb 05, 2013 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Modified Adjusted Gross Income?
Replies: 14
Views: 1470

Modified Adjusted Gross Income?

Hey, quick question everyone.. I am 17 years old and trying to max out my IRA (for as much as I can given my earnings)... If I made $4,713.79 in 2012 before taxes, can I contribute that full amount to my roth IRA? I already put 4,000 in but I closed out a few other things and have extra money I woul...
by baseballcb95
Tue Feb 05, 2013 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Modified Adjusted Gross Income?
Replies: 14
Views: 1470

Re: Implications of closing out an account?

FinancialDave is correct. However you should keep in mind that if you fall into the 10% or 15% federal tax brackets there is 0% federal capital gains tax owed on long-term capital gains. If you are in a higher bracket long-term capital gains are taxed at 15% on the federal level. Short-term capital...
by baseballcb95
Tue Jan 29, 2013 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Implications of closing out an account?
Replies: 10
Views: 743

Implications of closing out an account?

Hey, I have a fund that was started for me a while ago, I am turning 18 soon and finally getting into investing. The fund is just awful, it has a 1.3+% expense ratio and is not diversified at all. I have just over $5,000 in the fund with New york Life investments and would like to reinvest this into...
by baseballcb95
Mon Jan 28, 2013 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Implications of closing out an account?
Replies: 10
Views: 743

Re: Income Portfolio Questions

I think the Vanguard Total Stock Market Index Admiral shares is the way to go (VTSAX). This is much safer, and IMO will end up being a much larger nest egg for you. NO, you do not have to build up the dividend payers over time. I just retired last year, and what I did was over the last year or two ...
by baseballcb95
Wed Jan 23, 2013 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income Portfolio Questions
Replies: 15
Views: 1347

Re: Income Portfolio Questions

baseballcb95 wrote:Is that fund (VTSAX) okay to hold in a taxable account?
Is the expense ration the only benefit of admiral shares?


Any help with these two questions?
by baseballcb95
Tue Jan 22, 2013 10:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income Portfolio Questions
Replies: 15
Views: 1347

Re: Income Portfolio Questions

I think the Vanguard Total Stock Market Index Admiral shares is the way to go (VTSAX). This is much safer, and IMO will end up being a much larger nest egg for you. NO, you do not have to build up the dividend payers over time. I just retired last year, and what I did was over the last year or two ...
by baseballcb95
Tue Jan 22, 2013 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income Portfolio Questions
Replies: 15
Views: 1347

Re: Income Portfolio Questions

I don't see much point in a young person investing in dividend-payers. This is the latest hot buzzword topic. You'd be better off with a diversified portfolio and adding to it over the years. You can worry about living off dividends when you have enough that it's a possibility. Brian Thank you for ...
by baseballcb95
Mon Jan 21, 2013 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income Portfolio Questions
Replies: 15
Views: 1347

Re: Income Portfolio Questions

Instead of picking five companies, I'd suggest investing in a dividend growth fund instead. Maybe something like Vanguard Dividend Growth Fund (VDIGX). Remember companies can reduce, or even suspend, a dividend with a simple board vote. Share price usually suffers when that happens. So you lose bot...
by baseballcb95
Mon Jan 21, 2013 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income Portfolio Questions
Replies: 15
Views: 1347

Income Portfolio Questions

Hey Bogleheads! I am turning 18 in a few months and have about $15,000 invested (total) in various funds that different family members have set up for me. Most havent been doing well the past few years, they have high expense ratios, and I like being in control. I plan on closing out these funds and...
by baseballcb95
Mon Jan 21, 2013 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income Portfolio Questions
Replies: 15
Views: 1347

Re: 17 year old in need of advice!

Thanks guys! Officially one month into my IRA! Quick question.. How often does the Vanguard TR 2055 payout dividends? I got a dividend payment at the end of December but I am not sure if that is quarterly or yearly.. Also, what is the next step in investing? Aside from continuing to contribute to my...
by baseballcb95
Fri Jan 11, 2013 1:52 am
 
Forum: Investing - Help with Personal Investments
Topic: 17 year old in need of advice!
Replies: 18
Views: 1454

Re: 17 year old in need of advice!

Ok, you guys have convinced me a target retirement fund is right for me.. I know as the years go up (target retirement 2020 vs 2050) there is more money allocated toward stocks, but in general does each fund carry similar/exact same stocks? For example, both the 2050 and 2055 dates have ~90% stocks,...
by baseballcb95
Fri Dec 07, 2012 4:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 17 year old in need of advice!
Replies: 18
Views: 1454

Re: 17 year old in need of advice!

1. If target funds are so diversified why are they still considered risky? I mean 10% bonds and 90% in tons of different u.s. and international stocks doesnt sound all that risky to me..? 2. If in fact target funds are risky investments, why have their returns been lower than a small cap value fund ...
by baseballcb95
Mon Dec 03, 2012 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 17 year old in need of advice!
Replies: 18
Views: 1454

17 year old in need of advice!

Hey everyone! I'm new here. I am familiar with investing, more so than just about any one my age at least... but I know I have a lot to learn and that i can learn a lot from you guys. So I am 17, steady job, college fund set up, and 9,000 in my checking account. I have no debt. I want to begin inves...
by baseballcb95
Mon Dec 03, 2012 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: 17 year old in need of advice!
Replies: 18
Views: 1454

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