Search found 15 matches

by heytred
Thu Jul 14, 2011 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: How should I allocate my TSP?
Replies: 24
Views: 4695

I'm not worried about micromanaging it really. I know I can handle market ups and downs because I have plenty of time, but I KNOW I don't want to leave it in the G-Fund.
by heytred
Thu Jul 14, 2011 2:18 am
Forum: Investing - Help with Personal Investments
Topic: How should I allocate my TSP?
Replies: 24
Views: 4695

How should I allocate my TSP?

Well to start off I just turned 22 last week and am currently on Active Duty. A few months ago I began contributing 90% of my income into my TSP each month and living off a chunk of change I collected during my last deployment. I have already maxed out my Roth IRA for 2011 and am trying to get my in...
by heytred
Sat May 14, 2011 4:44 am
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

What about starting conservative then ratcheting up the risk as you learn more? What's everyone else think about this? I don't like losing time, but obviously you've got tons of time on your side. That was initially my plan... I wanted to start contributing to my retirement (Roth, TSP) in a relativ...
by heytred
Fri May 13, 2011 2:16 am
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

Heytred, Thanks for your service and glad you got back home safe after your delpoyment. I'm also in the service, 26, but I'm not as young as MJ. I'm glad you decided to switch over to Vanguard. I'll beat the dead horse again, that USAA is not the ideal choice for investing. I found it too difficult...
by heytred
Thu May 12, 2011 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

heytred, First off, thanks for serving your country. I agree that you should do nothing until you read more and really understand and have internalized how investing works. Resist the urge to "do something" without first gathering wisdom. Custodial transfer from USAA to VG would probably ...
by heytred
Thu May 12, 2011 5:07 am
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

See, I thought I had read something along those lines somewhere. I'm considering the 100% contribution to TSP because I honestly don't have any important purchases coming up (i.e. house, car) in the near future.

I'll just have to see, it seems like a huge step.
by heytred
Wed May 11, 2011 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

Thanks for all of the replies. I'm not currently deployed, as much as I'd like to be, but still saving a decent amount of money each month. I maxed my Roth IRA (2011) and just set up my TSP to withdraw 11% from my monthly base pay. If I'm correct I max my TSP at $16,500 annually, right? Am I limited...
by heytred
Wed May 11, 2011 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

I did the same thing because I had everything with USAA. There were no fees when I transferred to Vanguard last year. If you go to Vanguard's website, under the IRA's tab, there should be an option to transfer an IRA to Vanguard. I think I just had to fill out one form and my funds were with Vangua...
by heytred
Wed May 11, 2011 4:56 am
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

I was in a similar situation as you a few years ago. I'm active duty as well, 24, and had my Roth with USAA and I contributed 10% to the TSP. I recommend finishing the books you have purchased before you do anything; maybe pick up Bogleheads' Guide to Investing. I moved my Roth from USAA to Vanguar...
by heytred
Wed May 11, 2011 3:39 am
Forum: Investing - Help with Personal Investments
Topic: Young investor in need of help with post-deployment savings.
Replies: 18
Views: 3511

Young investor in need of help with post-deployment savings.

Okay, so I am 21 years old and have a decent amount of cash sitting around and want to put it away instead of having it sit in a savings account doing nothing for me. I am currently active duty Military, have an appropriate 'emergency fund' set aside, $5000 invested into a USAA Roth IRA, and then $2...
by heytred
Sun Aug 22, 2010 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Investor seeking advice.
Replies: 12
Views: 1754

If the $30,000 is not in any tax-advantaged vehicle (like an IRA, 401k or TSP), and you determine that you will not need the money in the short future, move as much money as you can into the TSP and draw down the $30,000 for living expenses/daily needs. The TSP has incredibly low expenses and offer...
by heytred
Sat Aug 21, 2010 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Investor seeking advice.
Replies: 12
Views: 1754

I don't have much to add except to say "Congratulations" on seeing the value of saving and investing so early in life -- it'll give you a huge advantage later in life. Personally at that age I knew but I didn't act. Thank you, it sounds almost ignorant to say, but I wish I saw the value e...
by heytred
Fri Aug 20, 2010 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Investor seeking advice.
Replies: 12
Views: 1754

Well luckily the only financial obligation I have is a $100 a month student loan. Thanks to everyone for the replies and advice, I'm still reading many of the stickies and links. I think I've come up with a short term plan for me that will help get my foot in the door. Next week finance will be at t...
by heytred
Fri Aug 20, 2010 3:40 am
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 125
Views: 50886

So, I'm Active Duty getting ready to start investing... this close to the end of the year should I wait on the Roth TSP, or would investing in a Roth IRA now yield similar benefits? Also regarding a quick question you might be able to answer... in early spring 2011 I will be leaving Active Duty to g...
by heytred
Fri Aug 20, 2010 3:15 am
Forum: Investing - Help with Personal Investments
Topic: Starting Investor seeking advice.
Replies: 12
Views: 1754

Starting Investor seeking advice.

Hello, I am a 21 year old Active Duty enlisted soldier currently deployed to Afghanistan. As is par with the course I've been given an immense opportunity to save for the future and hopefully plant some financial seeds. In the < 2 years that I have been serving I've been able to save more than $30,0...