View Full Version : way way off topic - Where's your money?
I know there's a few folks here that are smart with their money!!
Where are you putting it for the next 3-6 months now that it seems the steam has left the oil/gas industry compared to the previous 12 months.
Are you waiting to see what happens Election Day? A Democratic controlled Congress could mean a different financial future than a Republican controlled congress!
I'm curious what others are doing, and what they've read or heard. I need to make a little shift in the 401k. :)
Ricoch3T
11-03-2006, 01:23 PM
Im in the same boat as you, I've been looking at short term cd's just for savings though. Not really a 401k i know but I figured it goes with where to put your money..
Although if you want you CAN put it in my pocket!
rob07002
11-03-2006, 01:27 PM
oil/gas will go up regardless of the November outcome. Winter is coming and we need oil/nat gas to heat homes and don't forget the busy holiday travel season.
bet on it!
Hey Rob, i agree that winter is coming and that is a good thing all in all! The difference might lie in whether the forecast is for a light winter or a cold winter. I haven't heard anything on that yet.
It's just that ol GeeDubbya has been really reallly good to the oil companies and if the Demo's get the Congress, you can also bet that the things wouldn't remain "quite" so rosey for oil companies. :)
Personally, most of my 401k is overseas and I think I might move the oil/gas funds there too. Finding the right place is always tough!
Ralph LoGrasso
11-03-2006, 02:54 PM
Hey Rob, i agree that winter is coming and that is a good thing all in all! The difference might lie in whether the forecast is for a light winter or a cold winter. I haven't heard anything on that yet.
We're supposed to have a very cold winter from what I've heard; I was watching CNN about two months ago and the spokesman for the Farmer's Almanac was on doing an interview. He said this winter (at least for the North East) will be very cold: about 20* colder than normal, additionally we should have four major snow storms: one in December, two in February and one in March. He also said they have an empirical accuracy of about 80%. :/
406 Q-ship
11-16-2006, 11:35 PM
My money is in my car......where the heck else would I have it? :poke:
Who has cash for retirement when there is racing to be done. :6gears:
Bandit
11-17-2006, 03:23 AM
I have about 30 % in International stocks, 40% in small-cap stocks, 20% in large companies and the rest is in government bonds and cash. I think now is a good time to be invested in global stocks, due to the US's sucky position in the worldwide economy at this time.
ProTouring442
11-17-2006, 04:46 AM
I have about 30 % in International stocks, 40% in small-cap stocks, 20% in large companies and the rest is in government bonds and cash. I think now is a good time to be invested in global stocks, due to the US's sucky position in the worldwide economy at this time.
Hmmm... tell me more!
Shiny Side Up!
Bill
'72 442 "Inamorata"
www.FQuick.com/ProTouring442 (http://www.FQuick.com/ProTouring442)
the camtender
11-17-2006, 05:05 AM
Gold !!
Rick Dorion
11-17-2006, 05:13 AM
REIT and International Index's
69boo307
11-17-2006, 05:35 AM
Mine's mostly tied up in my house. You can't go wrong with real-estate unless you're just really stupid about what you buy. :) They're not making any more land!
vintageracer
11-17-2006, 06:42 AM
Strip Clubs!
Required payout of initial $1MM startup investment is 1 year or less. This shorterm payout is expected by investors in this business or the deal never gets off the ground. After return of investment payout, sell the club to the next sucker who will mismanage and loose the property. You start over and do it again!
Remember, all you guys like titties and beer!
StRacerDuke
11-17-2006, 07:00 AM
Are you looking for Stocks or Fund advise? I can provide both. Are you an active trader in your 401K for stocks? Personally I use only funds for my 401K, IRA and Roth unless I find a screaming cheap stock with good financials. My stock trading is usually done in my scottrade brokerage account.
Stocks:
Gas/Oil - A cold winter will really help the Nat gas prices. You want to buy and sell high. The industry is in a good financial situation and right now it looks like the market is in the low spot of a downturn. I'm strong on Nat Gas right now. Keep your eye on some small independents like CHK and KWK. I think CKH's breakout number is 33 right now. 10-15% by Mid Jan is not impossible.
Metals are another strong industry. Uranium stocks are a strong play for the next 9-12 months. Also check out Titanium companies like TIE. They had a pull back off their high that created some over selling in my opinion but Airbus just pulled their contracts from the Russian Titanium supplier. TIE provides Boeing with Titanium and they just had a recent large China order for products and a large helicopter order from the US gov. I wouldn't be surprised to see mid 40's in the next 6-9 months for TIE.
Funds:
Look for a good track history, check morning star, look for managment tenure in relationship to performance, and low loads.
I like 40% in international right now, 30% large cap for the next 12-18 months, and 30% in Small cap or REIT.
Hope this helps.
I have about 30 % in International stocks, 40% in small-cap stocks, 20% in large companies and the rest is in government bonds and cash. I think now is a good time to be invested in global stocks, due to the US's sucky position in the worldwide economy at this time.
yeah, I DO have a substantial percentage of my 401k in International/Global stuff. I can afford to be a bit risky.
My gut is telling me to move some to a different area,.....say, something like medical where the Baby Boomers will be spending all their money for the next 10-20 years. Just a thought. I don't know that market well at all.
Are you looking for Stocks or Fund advise? I can provide both. Are you an active trader in your 401K for stocks? Personally I use only funds for my 401K, IRA and Roth unless I find a screaming cheap stock with good financials. My stock trading is usually done in my scottrade brokerage account.
Stocks:
Gas/Oil - A cold winter will really help the Nat gas prices. You want to buy and sell high. The industry is in a good financial situation and right now it looks like the market is in the low spot of a downturn. I'm strong on Nat Gas right now. Keep your eye on some small independents like CHK and KWK. I think CKH's breakout number is 33 right now. 10-15% by Mid Jan is not impossible.
Metals are another strong industry. Uranium stocks are a strong play for the next 9-12 months. Also check out Titanium companies like TIE. They had a pull back off their high that created some over selling in my opinion but Airbus just pulled their contracts from the Russian Titanium supplier. TIE provides Boeing with Titanium and they just had a recent large China order for products and a large helicopter order from the US gov. I wouldn't be surprised to see mid 40's in the next 6-9 months for TIE.
Funds:
Look for a good track history, check morning star, look for managment tenure in relationship to performance, and low loads.
I like 40% in international right now, 30% large cap for the next 12-18 months, and 30% in Small cap or REIT.
Hope this helps.
I guess you could say I need stock/fund advice, I was hoping to find out what others see as a good market for the 3mo - 1year time frame. (maybe 2 years)
I wouldn't say that I'm active trader by any means, but I DO shift my 401(k) and my Roth from time to time.
I do have a small amount in a Muriel Siebert account, but, that thing took a huge dive back in the crash days. I think I've sold about all I should sell for the year, considering tax deductions for the next 2 years.
Ya know, I HAD CHK (Chesapeake) for the last year or so, waiting for it to break out or get bought out. I gave up finally to direct the money in some Latin America stuff. CHK's been kinda flat on me since last Sept 05 timeframe. I shoulda talked to you first! :)
I'll check into some metals, any more advice there? I prefer funds, and like you said...good, long-term managers. Keeps me from having to check up on my money too often.
Oh yeah, you and someone else both mentioned REIT's. I'm really curious about that. In my area, where there has been huge housing growth, you could see the bubble happening. It's been a soft deflating though. :) REIT seems like an odd place to put the money now though what with all the gloom and doom over housing.
What am I missing?
StRacerDuke
11-17-2006, 01:39 PM
I'm in CGMRX (REIT) right now. Do a little research and to learn how they work and what they are invested in. I think the large properties funds are still going to make money through the next few years but residential will remain Bearish for 9-12 months then probably flatten out for 2-3yrs. (I use to work in the Mortgage industry and these trends are easy to spot).
An easy way to get into the metals is through spiders, do some internet searches.
here's some funds that I'm in and really like:
HFTFX - Love the methodology of the fund.
DODFX - The moster fund for international stocks. Great exposure with low risk
VICEX - Vice fund. Everything bad is aways profitable
AMANX - Good fundamentals, great returns, and low entry costs
RYLPX - Great low price stock fund. not sure if it's still open though
VFINX - Old faithful, S&P 500 market index fund. good place to be for the next 3-18 months. Huge fund with low load.
Okay, that's it for now.
vanzuuk1
11-17-2006, 03:29 PM
Ralph, so much for your cold winter. So far.
Joey_H
11-17-2006, 04:40 PM
Pokemon cards and S&H greenstamps. :woot:
Ralph LoGrasso
11-19-2006, 03:16 PM
Ralph, so much for your cold winter. So far.
I know, right? So much for 80% historical accuracy. From what I've heard recently, we're supposed to have a really mild winter now? I'm not sure how they predicted the total opposite. Ahh well, I'm much happier with a mild winter, at least I can still drive my car.
Bandit
11-20-2006, 03:58 AM
Hmmm... tell me more!
Shiny Side Up!
Bill
'72 442 "Inamorata"
www.FQuick.com/ProTouring442 (http://www.FQuick.com/ProTouring442)
I don't think so Tim...:drool:
the_dude
11-26-2006, 01:25 AM
Real estate, they arent making any more of it, and im gonna get as much as I can. 125 ares on 5 sites in northern california, im selling some of it soon to pay for school, so far a 85% ROI in 4 years. Aint california great!
rob07002
11-27-2006, 10:46 AM
Ralph, so much for your cold winter. So far.
Give it time. We usually don't have that bad of a December, but Jan and Feb are downright brutal.
Usually doesn't start to snow until after new year...
Personally I wouldn't mind a good storm or two....
69CamaroRacer
11-30-2006, 04:57 PM
the market in the short term is always very volitale and and very risky, you can make big gains but you can also make big losses. THe best bet is to invest long term ( ie over 5 years) in well established mutual funds with long term track reccords 10+ years that are returning 12-14%. There are several outhere that have been around for 50+ years that are averaging 12-13%. You want to look at growth, growth and income, and international funds. Short of 5 year game plan I would have my money in a good money market fund or high yield checking account. I have money stashed in www.emmigrantdirect.com they have a checking account that pays 5.15% and it is completely insured by fdic. Just my .02. ALso I would check out www.daveramsey.com he is a fainancial counsler who can give some excellent advice on money and investing. Basicly ANYONE in america has the potential to be a millionaire even the guy on mininium wage. Lets take that one for example. The mininium wage is 5.15 an hour, less than 10k a year, and the gov will take $63 a month for social insecurety, that money invested in a good mutual fund will, from you working ages 20-70, grow to 6.6 million dollars and pay you 16k a month in interest versus the governmenst pidly 1100 a month. Or how about this one, the average car payment in the US is 388 a month, that money invested in 20 years will grow to 4.4 million dollars!! Hope you like the car. Eliminate debt from your life and you know what u got??? MONEY! Just think about how much money you would have if there were no payments... Just somthing to think about.
So, it sucks to be in Colorado but the midwest and north atlantic are in full El Nino swing!!
Bad news for the oil stocks among others, the money is going elsewhere now.....but where???
Real Estate is still good, but, certainly all the money won't go there. Maybe they're waiting for the January corporate financial reports..... that'll be interesting.
Bandit
01-22-2007, 03:38 AM
the market in the short term is always very volitale and and very risky, you can make big gains but you can also make big losses. THe best bet is to invest long term ( ie over 5 years) in well established mutual funds with long term track reccords 10+ years that are returning 12-14%. There are several outhere that have been around for 50+ years that are averaging 12-13%. You want to look at growth, growth and income, and international funds. Short of 5 year game plan I would have my money in a good money market fund or high yield checking account. I have money stashed in www.emmigrantdirect.com (http://www.emmigrantdirect.com) they have a checking account that pays 5.15% and it is completely insured by fdic. Just my .02. ALso I would check out www.daveramsey.com (http://www.daveramsey.com) he is a fainancial counsler who can give some excellent advice on money and investing. Basicly ANYONE in america has the potential to be a millionaire even the guy on mininium wage. Lets take that one for example. The mininium wage is 5.15 an hour, less than 10k a year, and the gov will take $63 a month for social insecurety, that money invested in a good mutual fund will, from you working ages 20-70, grow to 6.6 million dollars and pay you 16k a month in interest versus the governmenst pidly 1100 a month. Or how about this one, the average car payment in the US is 388 a month, that money invested in 20 years will grow to 4.4 million dollars!! Hope you like the car. Eliminate debt from your life and you know what u got??? MONEY! Just think about how much money you would have if there were no payments... Just somthing to think about.
Extremely good advice. I love mutual funds, even most of the ones that charge fees are still worth it, they have pros that manage your money for you so you can live your life and not have to worry so much. Also, the big boys in the market have access to some serious investments that us individuals would never be able to take advantage of. Some of these things have $1 mil plus minimums!
Check out American Growth Fund A, this is a great mutual fund. www.americanfunds.com
blackbeast
01-22-2007, 05:08 PM
anyone have some good reads for someone that is just getting started? got my first 'real' job after college, and am looking to pay off debt, and get started investing in some capacity.
I can not really recommend any books as I am not much of a book reader. I do like Kiplingers though. (mag/web) Everything I've learned has been via the Web, Magazines and Television. :( No mentor.
The most obvious first step is - A. Do the 401(k) or similar plan at your new job. (maximum matched contribution) B. Please.....do yourself a favor and call the broker of your choice and start putting $50/mo. into a Roth IRA. Just make a simple fund choice. Start NOW.....adjust fund choice or allotment later! (just call Fidelity, T.Rowe, etc. directly)
Bandit
01-22-2007, 10:54 PM
anyone have some good reads for someone that is just getting started? got my first 'real' job after college, and am looking to pay off debt, and get started investing in some capacity.
Money or Kiplingers mags are really good and they always have "How to get started" articles in most every issue. There is also a wealth of info on various investing websites, just do some Googling.
IMHO, if you have a company retirement plan available to you, that's where you should start--max it out. If not, get a Roth IRA (any money it makes is untaxed until you withdraw it) and use a good mutual fund to power it. Use automatic deductions from your paycheck so you won't miss the money. As others mentioned, the time to start is YESTERDAY.
Pay off high-interest loans and credit cards first.
Good luck!
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