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dallasguy1429 · 03-19-2017, 09:59 AM

I need some advise from some of you folks in here.

I am new to town, I have a great job with a high salary. But I want to take it to the next level. I want to do something on the side to supplement my income.

I want to get into investing but I don't have a lot to put into it.

What do you all think. It seems like lots of you guys on here are doing very well

old_hippie · 03-20-2017, 01:43 AM

Without knowing the details of your particular situation, it would be hard to give any meaningful advice.

What are your goals?
What is your time horizon?
What is your risk tolerance?
How much money do you have to invest?

These are questions any financial adviser will ask.

From reading your post I gather you are new to investing? If where you work offers a 401K plan, that's a great place to start. And having a good salary will give you a leg up in achieving your goals.

Disclaimer: I am not a financial adviser. I don't play one on TV and I don't stay at Holiday Inns. So take my advice for what its worth.

FunInDFW · 03-21-2017, 12:29 PM

So you say that you have a high salary but don't have a lot to put into investing? So then what is your high salary being used for? If you're already spreading it thin without extra to save, you're starting off on the wrong foot.

camero73 · 03-21-2017, 01:59 PM

Consider doing your own "self directed" IRA portfolio, IE. do your own due diligence and research using good sources and pick your own mutual funds to invest in. Investment brokers and advisers charge fees and commissions and very very often DO NOT have you in their best interest.

That's what I did. I chose 4 or 5 good mutual funds with enough diversification, IE. small, medium, large cap, value and growth. versus 10 or 12 mutual funds. I think good advice is keep it simple.

Of course there is a whole different category of super smart (or not so smart) investors who invest in stocks, alternative investments, etc. I was never in that league.

I am hearing more and more that an index fund is a good investment. I am hearing more and more that actively managed funds don't beat the returns of a good index fund and your paying substantially higher fees with actively managed funds. So you loose!!!

A wise tip is get to know some smart older and wiser men who invest their money and ask them "what is the biggest mistake you ever made investing?" You will probably get some invaluable information. Learn from other peoples mistakes.

You might also consider not going down this road of using Hookers.

This is my two cents. Please use my opinion as only a single reference and food for thought. Good luck!!!

camero73 · 03-21-2017, 02:02 PM

I might add. If I am not mistaken the first thing to do is utilize your company's 401K plan.

camero73 · 03-21-2017, 02:10 PM

"I am hearing more and more that an index fund is a good investment. I am hearing more and more that actively managed funds don't beat the returns of a good index fund and your paying substantially higher fees with actively managed funds. So you loose!!!"

I meant to say, I am hearing more and more that MANY actively managed funds don't beat the returns of a good index fund. Some do. My bad.

I have said enough.

themystic · 03-21-2017, 03:01 PM

[QUOTE=camero73;1059316208]

You might also consider not going down this road of using Hookers.

Classic advice Camero. LMAO!. Ive easily spent $ 100K

John Rockhead · 03-21-2017, 03:16 PM

Booze and hookers=the best possible investment ��

Chung Tran · 03-21-2017, 07:14 PM

[QUOTE=themystic;1059316424]

Quote:

Originally Posted by camero73

You might also consider not going down this road of using Hookers.

Classic advice Camero. LMAO!. Ive easily spent $ 100K

Quote:

Originally Posted by John Rockhead

Booze and hookers=the best possible investment ��

of course it is.. consider that Rockefeller just died, at age 101.. and left millions of dollars behind.. fuck, he could have spent much more on Hookers than themystic has, and had that much more fun.. instead, he died with angry testicles, leaving hordes of cash to his Heirs, who will talk about him after he's buried, and talk about how fucking stupid he was too leave so much pussy on the table.

themystic · 03-21-2017, 09:41 PM

[QUOTE=Chung Tran;1059317214]

Quote:

Originally Posted by themystic

of course it is.. consider that Rockefeller just died, at age 101.. and left millions of dollars behind.. fuck, he could have spent much more on Hookers than themystic has, and had that much more fun.. instead, he died with angry testicles, leaving hordes of cash to his Heirs, who will talk about him after he's buried, and talk about how fucking stupid he was too leave so much pussy on the table.

Chung and Rockhead. Thank you for snapping me out of it!. Of course your 100% right. Just what the hell am I "saving" for. Ive had so much fun in this life, I'm searching for Pornstar # 7. Not kidding

old_hippie · 03-23-2017, 05:05 PM

"You might also consider not going down this road of using Hookers."

"Booze and hookers=the best possible investment ��"

LOL! I think both statements have merit. You don't want to spend every penny you make but at the same time you have to enjoy life.

You just have to find the right balance.

camero73 · 03-23-2017, 05:56 PM

[QUOTE=themystic;1059317677]

Quote:

Originally Posted by Chung Tran

Chung and Rockhead. Thank you for snapping me out of it!. Of course your 100% right. Just what the hell am I "saving" for. Ive had so much fun in this life, I'm searching for Pornstar # 7. Not kidding

Pornstar? Tell us more.

themystic · 03-23-2017, 06:07 PM

[QUOTE=camero73;1059324749]

Quote:

Originally Posted by themystic

Pornstar? Tell us more.

I just every so often treat myself to a porn star fantasy. Id like to try one from my generation next time. Someone like Cara Lott, Vanessa Videl, etc. Cara is on P411. Vanessa used to be. Best experience was with Ava Divine so far

camero73 · 03-23-2017, 06:27 PM

[QUOTE=themystic;1059324793]

Quote:

Originally Posted by camero73

I just every so often treat myself to a porn star fantasy. Id like to try one from my generation next time. Someone like Cara Lott, Vanessa Videl, etc. Cara is on P411. Vanessa used to be. Best experience was with Ava Divine so far

That would be a fun adventure. I would have liked to been with a couple from the 1980's when they had a full bush down below.

themystic · 03-23-2017, 07:30 PM

[QUOTE=camero73;1059324875]

Quote:

Originally Posted by themystic

That would be a fun adventure. I would have liked to been with a couple from the 1980's when they had a full bush down below.

I'm right there with you Brother. I miss the full bush. My last girlfriend was right at 50. When I asked her to grow out the bush she was shocked but she loved it and so did I. My young, 30ish nephews are like, wow thats gross. Ha its funny how times change