Post # 1
So, my FI git his tax refund back, around 4k, and since he wasn’t planning on having that money before he was planning on investing it in stock. We’re kind of lost on this subject so can any bees give me any suggestions for their stock/finance decisions?
Post # 3
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
@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
@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
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
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
- 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.