05-18-2013, 06:34 PM
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#1
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Multi-Boxer Driver
Join Date: Nov 2010
Location: Orange Park, FL
Posts: 1,430
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Speak with a financial adviser. I'd definitely be putting that away, but where would depend entirely on your risk tolerance.
__________________
-Chris
2004 Porsche Boxster 2.7 (gone  )
2004 Porsche 911 C4S Cab
1991 Porsche 911 C2 Targa 3.6
2017 Subaru Outback 3.6R
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05-18-2013, 06:37 PM
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#2
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Registered User
Join Date: Dec 2012
Location: Jackson Hole, Wyoming
Posts: 800
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Does this actually have anything to do with Boxsters  ? Buy a $10,000 Boxster maybe?
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05-18-2013, 07:02 PM
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#3
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Registered User
Join Date: Apr 2012
Location: Atlanta, Ga
Posts: 112
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Invest, oh young man, in thy youth....Ecclesiates 11:9
open an ameritrade account, and invest in the 4 most aggressive funds you can find. You can recover from investment mistakes when you are in your 20's a hole lot easier than your 50's...so go nuts.
Last edited by 01SBox; 05-18-2013 at 07:07 PM.
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05-18-2013, 07:28 PM
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#4
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Damn Yankee
Join Date: Mar 2013
Location: Dallas
Posts: 1,117
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VWELX
Since 1929..................
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05-18-2013, 08:13 PM
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#5
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Registered User
Join Date: Jan 2013
Posts: 560
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If I had $10K, I would have a lot of options;
-I would add take the $10K and my 2009 Boxster, and trade them both in for something even zippier, either an S or a 911. I like my Boxster, but I could stand to go a little faster.
-If I wanted to invest, I would split it between a mutual fund with a high rating by Morningstar, and a simple index fund, probably the Dow 30. (Most advisers, mutual fund managers, etc., have a hard time beating the index, and if they do, it's usually by only a couple of points. Which is spent on their fee. Unless you have access to an exotic investment vehicle, like derivatives, you'll have a hard time beating the index too. Be sure to reinvest dividends, because most stock charts include those when figuring their "gains".)
-If I wanted to invest, and have something nice to wear, I would buy the largest (natural, not irradiated) pink or white diamond I could afford, from a diamond dealer, NOT a jewelry store. I'm sure you guys haven't noticed this, but diamonds really do tend to keep pace with inflation. Check Rapaport for diamond price trends.
-I would spend a month in France, renting an apartment, flying cheap, and eating cheap.
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2009 Porsche Boxster - Guards Red/Tan
Speed has never killed anyone, suddenly becoming stationary… that’s what gets you. – Jeremy Clarkson
Last edited by Porsche Chick; 05-18-2013 at 08:22 PM.
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05-18-2013, 09:48 PM
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#6
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Custom User Title Here
Join Date: Mar 2012
Location: Ft. Leonard Wood
Posts: 6,164
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Here's the situation...
.................
__________________
https://youtube.com/@UnwindTimeVintageWatchMuseum
Last edited by particlewave; 12-23-2013 at 02:01 PM.
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05-19-2013, 04:18 AM
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#7
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Registered User
Join Date: Aug 2007
Location: New Jersey
Posts: 691
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Quote:
Originally Posted by particlewave
I'm 34, my child will be starting college in 5 years, and I am currently in college with 2-3 years to go. Tuition eats up most of my pay, but I've managed to squirrel away a little bit again and am tired of it sitting when I know that there are better things that I could do with it.
All good advice and most are ideas that I've mulled over. The best advice that I saw was speaking with a financial advisor. Thanks for the opinions!
It was just a hypothetical.......And I did that already 
I'm thinking of selling her, though...more to invest.
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This is actually a pretty easy question. In order:
1 - Have 6 months of living expenses in a savings account. If you don't have this already, do it and maintain it.
2 - Pay off any high interest debt (credit card, car loan, etc.).
3 - Fund a Roth IRA annually. Invest in a mix of bonds + stocks. I recommend the Vanguard Total Stock Market fund and the Vanguard total Bond market fund. Maybe 35% bonds/65% stocks. Keep the funds forever, add every year and don't look at them more than once a year.
Only after you've done all three of those things should you even contemplate some of the other suggestions on this thread.
/
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SOLD - 2002 Boxster S - PSM, Litronics, De-ambered, Bird Bike Rack, Hardtop, RMS leak...
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05-19-2013, 04:30 AM
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#8
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Registered User
Join Date: Nov 2008
Location: Massachusetts
Posts: 4,810
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__________________
Don't worry … I've got the microfilm.
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05-19-2013, 12:58 PM
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#9
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Autobahn Glanz
Join Date: Dec 2010
Location: Charlotte, NC
Posts: 1,282
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Quote:
Originally Posted by Johnny Danger
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Yup that about sums it up for me! Easy choice.
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05-19-2013, 02:32 PM
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#10
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Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
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If you hire any manner of 'financial advice" person make sure theyre a fiduciary. Don't buy any explanations for why they aren't. This was a lesson my folks learned the hard way at an age where there are no mulligans.
Don't buy mutual funds. Biggest scam ever. The number of funds that beat the S&P 500 over 10 years is a shocking joke. Their fees are not properly reported, they calculate only the front end and that's based on your total contribution not on the actual part of your return that stays in their pockets. And they don't disclose the back end fees like trading fees and spreads on a per fund basis. Combine the two (fixed and variable fees) and in the long term its no different than carrying a high interest credit on high debt...you are getting robbed blind. And the pee poor performance applies to virtually ever managed asset class hedge funds in particular. The author Michael Lewis said it best in one of his early books, Liars Poker I believe, these guys are nothing more than well paid toll takers. Bottom line, if you are investing a significant portion of your available capital into the stock market, invest in index funds, ETFs and run from active management fees as fast as you can.
Those guys were saying for years that their plans reduced risk to justify their hugely inflated fees and salaries. Then came the mother of all tests of this justification in 2008 and they all failed miserably. The number of funds that preserved their investors' capital and didn't bleed half of it or more, nearly overnight, could fit in a thimble. They were forced to ride out the down turn and pray for a reversal just like every index fund but still charged you their inflated fees. And how much are these fees costing you over the course of 30 years since your initial investment? Try as much as 66% according to John Bogle, the longer they manage this money the less you'll see. Its the big dirty secret of most 401k plans that try to steer you into mutual funds instead of index funds. I called the investment firm handling my 401k funds and was not surprisingly told that no matter what I chose I would still have to keep half of my contributions stuck in their pre-selected group of "diversified" mutual funds sucking away a third or more of each years return. Returns that the s&p handily beat for every single one of those over-priced funds.
As for picking individual stocks, that's also a very tough game to win. The S&P is going to beat 99.6% of those who try. Fine for a few shares but that's really just a learning exercise and not an overall strategy for the bulk of your finite capital. If the $10k you are putting into a company stock is anything approaching double digits of your total investments you are headed for a costly lesson.
__________________
GT3 Recaro Seats - Boxster Red
GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11
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BORN: March 2000 - FINLAND
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Last edited by Perfectlap; 05-20-2013 at 12:49 PM.
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02-26-2014, 12:14 PM
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#11
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Registered User
Join Date: Dec 2013
Location: Greenville, S.C.
Posts: 2,670
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put it with my boxster to trade for a clean 986 S
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