(Closed) Any bees invest in stock?

posted 5 years ago in Money
Post # 3
Hostess
16217 posts
Honey Beekeeper

I’m not very well versed in stocks, but we have some VERY financially savvy bees on here…hoping one of them can give you some advice! You might also look into a financial advisor who can help you get those things going so you’ll be in good shape for when you get married. 🙂

Post # 4
Member
8464 posts
Bumble Beekeeper
  • Wedding: April 2013

@minipenguin:  I’d recommend a financial advisor.  It really depends on how many other investments you have, your local tax laws, where you sit financially now (i.e. do you own a home, debts, etc).

Post # 5
Member
948 posts
Busy bee
  • Wedding: November 2012

@minipenguin:  I agree with house bee above. We both have separate stocks. Mine were previously maintained by a FA but my fiancé is a FA so he took them over. 

Im not sure what specific info you are looking for. But, keep in mind not all FAs will handle your money – many have specific thresholds that they will work with (like $250k plus).

Post # 6
Member
2295 posts
Buzzing bee
  • Wedding: April 2013

I have my retirement funds invested in a mix of stocks, bonds, mutual funds (mostly mutual funds). I don’t play single stocks.

Is his retirement maxed out? I’d invest inside an IRA/401k and stick mostly to a variety of mutual funds.

Post # 7
Member
10563 posts
Sugar Beekeeper
  • Wedding: January 2011

Unless it’s something you want to get into, 4k is really worth it for stocks.  Stocks aren’t the best place to start off when it comes to investing either.

Right now, the only stock DH and I have is in his company via a matching program.  Our other investments are MF and GIC based.  After we’ve bought a house we plan to start with ETFs.

Post # 8
Member
7312 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

We invest, but it’s managed by our financial guy, so I don’t pay much attention to what we actually own. We meet with him at least once every 6 months to review our long-term, mid-term, and short-term goals, and then he aligns our portfolio’s risk levels with those goals. So we know that we have DS’s college tuition to start paying in less than 4 years. As the time gets closer, he will continuously re-adjust those funds earmarked for college tuition into lower risk investments. That way, when the time comes to write the first check, that money will not have been lost in a high-risk investment. It works for us bhecause neither Mr. LK or I have the mental energy to really delve into and develop expertise in investments. Our financial guy has been doing this for 20+ years, has a very good track record, and we trust him to make decisions that are in our best interest.  And since we pay him an annual fee that is a % of our account worth, it’s in his best interest to have our account grow as much as possible, too.

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