Dave Ramsey, debt, credit cards, retirement, etc

SuperJETT

SuperJETT

So long and thanks for all the fish
Location
none
yamasaki said:
ive been meaning to look into this dave ramsey thing. i've been pattern trading in the market for a little while now. i ran my numbers last week and i'm at 26% ROI for 2006.

man, i really need to be a little more disciplined about my money!
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First 2 quarters and 4th quarter were good this year so I can see that totally.

I would check my 401k return for this year to date, but
We're sorry. We cannot process your request at this time. Requests can be processed Monday to Friday 7:00 a.m. to 3:00 a.m., and Saturday 9:00 a.m. to 9:00 p.m. ET. [1002]
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What's up with that, it's not like an accountant is sitting there with an abacus.
 
romack991

romack991

homebrewed
Location
Warsaw, IN
I'm looking at my 401K and this is what its showing me
Company Match Fund : YTD Return 31.16%
Fidelity Freedom 2040 Fund : YTD Return 13.16%

I've been working about a yr and a half now. I have 9K in retirement already, pretty good. But I still have a college student loan and a truck loan.

Truck loan should be done by middle of next year and then it'll probably take another yr for the student loan. I wish I wouldnt have went out and bought an expensive truck when i first got out of college i really do enjoy it so just working hard now to get it paid off getting on track.
 
SuperJETT

SuperJETT

So long and thanks for all the fish
Location
none
Alright, year to date 14.6%, last 12 months 13.8%, not bad for what I've got my $$$ in.

For the entire time I've been with John Hancock, 16.8%
 
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douglee25

douglee25

m3booooy
Location
South Jersey
32vickie said:
I would say you are to conservative. You have no small cap, you don't need bonds at 23 and i would increase the foreign to 20%

Doug
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I would agree as well. A good investment election is having some small cap, large cap, international or foreign funds, some bonds, and retirement funds.

I have about 33% into large cap, 17% into retirement, 17% into international, 17% small cap, and 15% into stable value or bond funds.


If you're into IRA's, look into the Roth IRA which is probably your best option because of tax deferred growth. In that case, have an investment election which contains a main retirement fund (if you don't want to invest in individual funds and rather have someone manage it for you), international funds, and real estate funds (Dodge and Cox or Fidelity Real Estate seem to be doing well).

I take no responsibility for my statements. Just my personal opinion/thoughts:biggthumpup:

Doug
 
Mile9c1

Mile9c1

X-H2O.com
Location
Grand Rapids, MI
Here's my 401K funds YTD return as of 9-10-06 (best I can do off the plan's website):

7.76% Balanced Fund
2.06% Fidelity Magellan Fund (what a turd!)
1.22% Franklin Small-mid cap growth (piece of crap!)
7.37% International Stocks
10.48% Mid cap value fund
25.38% Real estate fund
11.04% value fund

I don't have much money into these as I just became eligible to contribute in October or this year. What should I do? Dump the turds? I don't like to trade for what's hot at the moment, I like to buy something and stick with it (long term). I'm not a stock watcher.
 
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Mile9c1

Mile9c1

X-H2O.com
Location
Grand Rapids, MI
Just checked my rollover IRA with Vanguard and the YTD looks pretty good IMO as of 11-30:

14.43% Asset allocation fund
14.33% Extended Market Index
21.17 Global equity index
 
michael950

michael950

for me to POOP on!
Location
Houston, TX
If they are not working for you, i.e. required yields, and you can dump them and move into something more aggressive, given that is your strategy, then dump them. Remember, you want this money to grow as much as possible as quickly as possible. The older you get the less risk you want to bear, which in turn means less growth.

So ask yourself, how much can I risk and what do I want my money to do for me?
 
Mile9c1

Mile9c1

X-H2O.com
Location
Grand Rapids, MI
michael950 said:
If they are not working for you, i.e. required yields, and you can dump them and move into something more aggressive, given that is your strategy, then dump them. Remember, you want this money to grow as much as possible as quickly as possible. The older you get the less risk you want to bear, which in turn means less growth.

So ask yourself, how much can I risk and what do I want my money to do for me?
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The thing is I thought I had looked at the 1/5/10 year history before I decided to opt for those funds. So what if they are 2% this year, but 30% next year? Why sell when they are down if they have a history of being up? I have all stock funds so I don't mind some down time if there is bigger up time. Similarly, why buy a hot stock when it's hot? Will it keep it up? Or is it about to slow down??
 
michael950

michael950

for me to POOP on!
Location
Houston, TX
Mile9c1 said:
The thing is I thought I had looked at the 1/5/10 year history before I decided to opt for those funds. So what if they are 2% this year, but 30% next year? Why sell when they are down if they have a history of being up? I have all stock funds so I don't mind some down time if there is bigger up time. Similarly, why buy a hot stock when it's hot? Will it keep it up? Or is it about to slow down??
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Yeah, I went on the info you provided (turd, etc.). So if the historical data (more than 5 years) was good then definitely stick with them.

As far as the hot stock. I bought a hot stock and it did me well. I bought apple at 44 (was eyeing it at 30-ish). It maxed at 93 quite recently. 1y Target Est: 95.14.

I lucked out.


Oh, sold it at 82. :banghead:
 
djkorn1

djkorn1

kidkornfilms
Site Supporter
Location
Cleveland Ohio
I finally got my Credit Card debt all on 0% cards. (Everything was screwed up from being laid off for a year) I am going to kill the small ones first. Two are gone... three to go. Killed $6000. I have about $8000 to go. My car has 2 1/2 years left on it. (about 9 grand). I will drive that Honda hopefully for the next 8 years.

In a year the CC debt should be gone and then I can kill the car quick.
 
steveyz250fpilot

steveyz250fpilot

Banned
Location
Huntsville, Alabama
My 401K has done fairly well over the past few years.... but I find it easier to make faster cash in this arena

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djkorn1

djkorn1

kidkornfilms
Site Supporter
Location
Cleveland Ohio
Nice place. I like the extra garage for Jetskis.

:cheer:


I have a 403B Tax Sheltered Investment and my STRS (State Teachers Retirement System) It is all automatically deducted from my paycheck. The 403B is through ING. I don't know much about it.
 
SuperJETT

SuperJETT

So long and thanks for all the fish
Location
none
djkorn1 said:
I have a 403B Tax Sheltered Investment and my STRS (State Teachers Retirement System) It is all automatically deducted from my paycheck. The 403B is through ING. I don't know much about it.
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It's ***your*** money, you need to know all about it.
 
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