Tips for Choosing the Right Investment for You

  • Posts: 1199

Replied by FrankN on topic Tips for Choosing the Right Investment for You

I believe in choosing the right investment for you takes time, practice, and diligence. I always recommend speaking with an expert to start the process. It doesn't mean you need to pay for him forever. However it hopefully will put you in the right direction.
1 year 6 months ago #1

Please Log in or Create an account to join the conversation.

  • Posts: 1199

Replied by FrankN on topic Tips for Choosing the Right Investment for You

Joker wrote: Diversification and risk aversion are the names of my games. I choose investment opportunities that move conversely with each other. Some would say that I am hedging my bets. You are absolutely correct. I don't want to be left without any income simply because the market hiccupped and now stocks are down. I know too many people that lost a large portion of their retirement portfolio by not having enough diversification. Do your research and diversify your portfolio to make the optimal amount you can over the years. You will be glad you did.


Agreed. I am fine investing into higher risky equity stocks like tech, etc, but I am much more about diversification than anything. Over my investment life (30+ years), I just hope to grow my wealth slowly.
2 years 3 weeks ago #2

Please Log in or Create an account to join the conversation.

  • Posts: 167

Replied by JGibbs on topic Tips for Choosing the Right Investment for You

Joker wrote: Diversification and risk aversion are the names of my games.

Me too, Joker. Sometimes it seems penny foolish though. I'm young enough that it will be a long time before I draw social security or retire. I keep thinking I should invest in something riskier that has a greater return like Bitcoin or domain flipping, but it makes me sweat just to think about moving my money into a potential bomb. I'm more comfortable with a slow and steady approach. This characteristic might be costing me potential earnings.
2 years 1 month ago #3

Please Log in or Create an account to join the conversation.

  • Posts: 169

Replied by Joker on topic Tips for Choosing the Right Investment for You

Diversification and risk aversion are the names of my games. I choose investment opportunities that move conversely with each other. Some would say that I am hedging my bets. You are absolutely correct. I don't want to be left without any income simply because the market hiccupped and now stocks are down. I know too many people that lost a large portion of their retirement portfolio by not having enough diversification. Do your research and diversify your portfolio to make the optimal amount you can over the years. You will be glad you did.
2 years 1 month ago #4

Please Log in or Create an account to join the conversation.

  • Posts: 1199

Replied by FrankN on topic Tips for Choosing the Right Investment for You

eghh I don't buy it. If that happens the entire market will crash. ETFs are not MBS in anyway.
2 years 3 months ago #5

Please Log in or Create an account to join the conversation.

  • Posts: 43

Replied by CentsibleSaver on topic Tips for Choosing the Right Investment for You

FrankN wrote: I also invest my own portfolio and focus on cheap broadly diverse index ETFs.

I'm on board with that strategy too. It worries me when articles pop up in the Financial Times and the Wall Street Journal every now and then about ETFs becoming the next financial bubble like Mortgage-Backed Securities (MBS) were during 2008. What do you think?
Last edit: 2 years 3 months ago by CentsibleSaver.
2 years 3 months ago #6

Please Log in or Create an account to join the conversation.

  • Posts: 167

Replied by JGibbs on topic Tips for Choosing the Right Investment for You

Moneyes wrote: I find the forex to be fascinating, to be quite honest. I have done work before concerning those markets and the easiest pair to keep track of, for me, is the U.S. Dollar against the Japanese Yen. I think it's because of the major types of business trade we do with that country.

I recently signed up for a TD Ameritrade account to play at Forex trading, and it's very difficult to come out ahead. They give you play money so you can learn the ins and outs before gambling with your own cash. And, it feels very much like gambling to me. I haven't focused on the Japanese Yen but will try it for the next few rounds.
2 years 3 months ago #7

Please Log in or Create an account to join the conversation.

  • Posts: 241

Replied by Lexie on topic Tips for Choosing the Right Investment for You

How do you feel about penny stocks FrankN? I have dabbled in them before with good returns. I still have difficulty knowing when to sell though. My hubby is the stock person and he keeps up with that stuff every day. Is there a magic formula for knowing?
2 years 4 months ago #8

Please Log in or Create an account to join the conversation.

  • Posts: 1199

Replied by FrankN on topic Tips for Choosing the Right Investment for You

I also invest my own portfolio and focus on cheap broadly diverse index ETFs. I ride with the total market and don't really pick specific stocks. My investment horizon is 40+ years so I am focused on total growth and minimal expenses.
2 years 7 months ago #9

Please Log in or Create an account to join the conversation.

  • Posts: 261

Replied by Moneyes on topic Tips for Choosing the Right Investment for You

I find the forex to be fascinating, to be quite honest. I have done work before concerning those markets and the easiest pair to keep track of, for me, is the U.S. Dollar against the Japanese Yen. I think it's because of the major types of business trade we do with that country.
Last edit: 2 years 8 months ago by Moneyes.
2 years 8 months ago #10

Please Log in or Create an account to join the conversation.

  • Posts: 364

Replied by FrugalFran on topic Tips for Choosing the Right Investment for You

I couldn't agree more with having a diversified portfolio. As the manager of my own portfolio, it can be very time consuming, but I get to make my own decisions driven by my own goals and it's nice to see where my choices have taken me.
2 years 8 months ago #11

Please Log in or Create an account to join the conversation.

  • Breakinger
  • Breakinger's Avatar Topic Author
  • Offline
  • Junior Member
  • Junior Member
  • Posts: 217

Tips for Choosing the Right Investment for You was created by Breakinger

Thanks for this insight into investing, Danydebrown. I think that people don't realize just how important it is to follow these steps when you are considering taking this kind of risk. Making an investment plan is a really important step that I don't think a lot of people do. How would you recommend someone go about doing this step? Should they consult an investor for this?
2 years 8 months ago #12

Please Log in or Create an account to join the conversation.