Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Hello from Florida!
Old 12-15-2015, 07:01 PM   #1
Dryer sheet aficionado
Join Date: May 2013
Location: Santa Rosa Beach
Posts: 35
Hello from Florida!

Hey everyone, I joined the forum a while back and for some reason I just got back around to being able to look over it again. I wanted to introduce myself to the forum members properly and tell everyone a little about myself. Maybe I can help someone on here, but I'm sure you guys will be helping me much more!

I am a 28 year old guy who has been passively investing for a few years now and I am wanting to get more active into my investment strategies (Once I actually have some idea what I am doing.) so that I can become more financially stable and preserve/create wealth.

I currently work offshore for an international company that is very diversified in many fields. I am a 3rd Mate on the ships and the ship I currently work on is in the oil and gas industry though we have contracts that range from oilfield work, government contracts, research contracts with universities, sub sea construction, etc. I try to be as progressive as possible and advance my knowledge as much as possible in many fields.

Right now, I currently put 14% of my income into a company 401(k) program. We currently get no match, though we use to but with the price of oil at the moment my employer has put a noose on some of our benefits to keep employees. My 401(k) contributions go into a Target Date Fund. I am very unsure of these but I feel that I will learn on here about them.

I also max out a Roth IRA every year and I began contributing about two years ago. This is a monthly contribution and is into the CWGIX fund. Right now it isn't looking the best but I have not lost any large amount of capital at this point. I am looking at it as a long term ride and have a financial adviser who recommended this to me.

I have been dabbling in real estate as well and currently own one property that I intend on having my primary residence built on in the somewhat near future as long as the market holds out here in my area. I have also been considering purchasing a rental unit to obtain a passive income which I would like to lead to more, future passive income streams.

Anyway, this was my introduction and I am here to learn from you guys and am always willing to learn! That's why we are all here anyway, I assume.

Thanks everyone!

Blaineatk is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-15-2015, 07:57 PM   #2
Thinks s/he gets paid by the post
2017ish's Avatar
Join Date: Apr 2012
Posts: 1,070
Welcome! Always nice to see people looking ahead like you are. 28??!!! Excellent. You are ahead of the curve!

OMY * 3 2ish
2017ish is online now   Reply With Quote
Old 12-15-2015, 08:05 PM   #3
Dryer sheet aficionado
Join Date: May 2013
Location: Santa Rosa Beach
Posts: 35
2017ish thanks for the encouraging words! Thanks for the welcome as well, I am ecstatic to learn as much as I can through this forum and continue to grow!
Blaineatk is offline   Reply With Quote
Old 12-17-2015, 02:34 PM   #4
Full time employment: Posting here.
Join Date: Jul 2014
Posts: 502
Welcome! I think you'll find a lot of useful information on this site. While financial advisors can be reassuring to people just starting investing and can serve some useful purposes, you'll find a lot of information here on low cost index investing. You're still young and your portfolio will grow over the coming decades, even a small sales charge or ongoing fee can have a big impact over time.

It's great that you're saving so much and funding your Roth. Early savings (and living below your means) are huge helps to becoming financially independent. And the money you save now will have a big impact in the future.
Katiek is online now   Reply With Quote
Old 12-17-2015, 03:34 PM   #5
Thinks s/he gets paid by the post
38Chevy454's Avatar
Join Date: Sep 2013
Location: Tijeras (Albuquerque), NM
Posts: 1,275
Welcome to the forum, you are doing good with your start already. The best thing you can do right now is read and educate yourself, so that you can make the best decisions for your situation now and into the future. You are already ahead by your 401k and Roth savings, and with some learning you can invest those how you want, not necessarily how the FA wants. Your biggest asset right now is time and the magic of compounding. That is why fees and rates of return are so important, a small cost of FA fee or other costs, compounded over 25-30 years or more, starts to become real significant.
I used to have a handle on life....... but it broke!

Semi-Retired 7/1/16: working part-time (60%) for now
38Chevy454 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Hello from Wales,UK need advice on Florida / USA Kezar Hi, I am... 18 03-18-2013 05:07 PM
Hello from SW Florida Porkfat Hi, I am... 4 09-13-2007 09:13 AM


All times are GMT -6. The time now is 02:59 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.