Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Investment advice
Old 11-23-2013, 06:53 AM   #1
Confused about dryer sheets
Join Date: Nov 2013
Posts: 1
Investment advice

Hi, I've been a lurker on this site and appreciate all the good knowledge.

Can I please get some investment advice? I am interested in index investing but dont know where to start.

-28 years old
-no debt
-150,000 sitting in savings accounts and short term deposits
-80,000 salary before tax
-very low expenses... can save about 40k annual
-for now, living with parents but will move out in the next couple years


dreaming 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 11-23-2013, 07:01 AM   #2
Thinks s/he gets paid by the post
Onward's Avatar
Join Date: Jul 2009
Posts: 1,567
I strongly suggest you get this book and read it. Twice.


And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 11-23-2013, 07:03 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 13,201
What are your goals? In other words, what are you saving for?

That will at least partly define what you should invest in.

If some of the $150k is to make a down payment or buy a house, you would want to keep that money in something safe. Ditto if you plan to go back to school or your emergency fund.

Money that is being saved for longer term goals would probably be best in a low cost index fund such as the Canadian equivalent of Vanguard Total Stock or Vanguard Wellington. Since the markets are a bit frothy at this point, you may be best to value average in over time.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
pb4uski is offline   Reply With Quote
Old 11-23-2013, 08:37 AM   #4
Thinks s/he gets paid by the post
photoguy's Avatar
Join Date: Jun 2010
Posts: 2,229
Take a look at the Canadian Couch Potato (canadian focused index/etf portfolios). Follows boglehead philosophy.
photoguy is offline   Reply With Quote
Old 11-27-2013, 10:19 AM   #5
Confused about dryer sheets
Join Date: Nov 2013
Location: Port Vincent
Posts: 9
You are single? Heck live with the parents till they break your plate.
Bateauxdriver is offline   Reply With Quote
Old 11-28-2013, 05:32 AM   #6
Recycles dryer sheets
racy's Avatar
Join Date: May 2007
Posts: 412

Thought you might enjoy this article by Jack Bogle, the inventor of index mutual funds: Stockhouse-From the man who invented index funds and his KISS principle

Then a website that follows his philosophy: Getting Started - Bogleheads
The Big Lebowski: Are you employed, sir?
The Dude: Employed?
racy is offline   Reply With Quote
Old 11-29-2013, 02:19 AM   #7
Recycles dryer sheets
wingfooted's Avatar
Join Date: Jul 2011
Location: Oregon - Dry Side
Posts: 212
You're young - need to be invested in equities and not in cash.

I would recommend opening up an on line discount brokerage account with the $150K. Take 80% of that , divide it into fourths and average into a ETF like SPY or QQQQ over the next six months. Very liquid investment. With the other 20%, look at investing in individual stocks based on your personal research. Always helps when you have some 'skin' in the game.

With the $40K annual savings, have that amount automatically deposited into the brokerage account on a monthly basis. Every month direct those funds to your ETF investments.

With any kind of market karma and regular savings, plus a few raises along the way - you should have a million in investment grade equities before you hit 40.

Good luck.

wingfooted 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


All times are GMT -6. The time now is 07:55 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.