Bogleheads Investment Forum

[Rusty Heap]

I've always said:

"You're not rich when you work for your money, but your money works for you"

I'm wanting to revise my investments as having money sitting in a bank savings or checking account earning next to 0% interest gain doesn't make sense, but it's also not getting lost negatively when the stock market seems so volatile, and I'm liquid for funds in savings/checking for short term needs / buffer.

I found this Bogleheads Investment Forum.

Bogleheads :: View Forum - Investing - Help with Personal Investments

Do other People participate in active investing or know of other investment forums to help gain insight on getting your money to work for you?

Short/Long term high/low risk I understand, but would like to bank away some funds with locked in ~3-5% gains. So I'm thinking CD's or Fixed Annuity funds.

I've met with several Edward Jones type financial planners and walked away shaking my head not trusting them with my money.

Basically I diversify and spread out my investments and not put all eggs in one basket getting greedy.

Any other investment forums people know of other than Bogleheads?

or discuss your own investment practices.

THANKS!

[pwd72s]

Cindy has visited the bogleheads forum for years..I even read interesting threads that she points out to me.

Yep, we're bogleheads...

A book you should buy, if you haven't already. (I'm getting tired of plugging it here)

The Bogleheads guide to investing
by Larimore, Lindauer, and LeBoeuf

[john70t]

Motleyfools Fool.com: Stock Investing Advice | Stock Research has some advice.

Your perspective should never be based on one opinion, of course..... as well as placing all your eggs in one basket.

[dan88911]

I don't have forum recommendations. However, check out BobBrinker.com and RicEdelman.com
And yeah I am fan of Jack Bogle. Some books worth a read: "Winning the Loser's Game "by Charles Ellis
"The Intelligent Asset Allocator by Bernstein," The Elements of Investing" by Burton Malkiel and Chasles Ellis. just to name a few.

[RWebb]

Originally Posted by Rusty Heap

... discuss your own investment practices.

...

ok

[1] Time is the most important thing
- park some bucks in a tax adv. vehicle for a few decades; start young (obviously)

[2] avoid Internet forums, TV, and magazines
- the Bogleheads forum is likely an exception

[3] Lower Your Living Expenses - Get off yer azz & DIY
- DIY'ing saves a certain amt. of $$ (X) + T*X, where T = your tax bracket marginal rate -- i.e. if you are in a 35% bracket (fed + state) you will save an extra $35 if you DIY something that would have cost you $100; usually it'll be an extra 50%

[4] it's all about Risk vs. Reward
- draw an X axis (Reward) and a Y axis (Risk) on a graph; add a cloud of points (different investments, stocks, etc.); add a regression line thru those points
- the line is the avg. Reward for a given amt. of Risk
- the points with higher Rewards for a given amt. of Risk are the ones you want; see #5 re how to find them
- the amt. of Risk you can afford changes with time (age, kids going to college, etc.)
- always have a backup and a backup for the backup (i.e. $$ in cash for 1 yr to live on; ability to make more $$; ability to grow your own food, kill your own food, kill others to get food....)

[5] avoid anybody with a conflict of interest - get your stock advice from somebody who does NOT profit from you buying, selling, or having money they can control or advise on -- use a neutral party with a good track record for advise on what to buy

[6] some sectors will grow more than others - technology has been an obvious one

[7] your home is for living in; it is not really an investment

[8] cultivate cheap hobbies
- if you must must own an old German high end sports car be willing to fix it yourself; avoid Italian sports cars as they don't stay fixed; avoid buying new cars

[9] buy stuff that appreciates in price (see #8; also Nikon lenses, some stereo gear holds up well)