As we are nearing a new year, how would you restrategies your investment styles to curb all the mistakes you made this year?
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What are your investment ideas/strategies for 2017?
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My daughter's Coverdell account turned into a disaster thanks to wrong information from 3 different investment companies and H&R Block, plus bad advice from friends and family. My plan this year is to be more conservative and teach myself instead of trusting idiots. As for individual stocks, I plan to wait and see what happens before I make any changes. I will start to save up for a rental property this coming year, too.
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No changes for me. 40% gross income into 401k, Roth IRA's and taxable. 65/35 Stock/Bond allocation. 10% international. All into very low cost index funds.
My wife mentioned she liked the new MDX, so will reload the new car fund. Her's is only 6 years old, so not sure why she would want a new one.
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I did few things this week in preparing for 2017.
-Increased more investment more $$ to VWELX. This allowed me to convert into VWENX Admiral.
-Under wife's retirement account, we rebalanced her to ideal Target allocation + TIPS.
-Sold Target Fund 2060 exchanged Large Index fund.
-Increased savings rate for 2017.
-Set up auto savings weekly $600 x 52 weeks. That should translate to $31,200 savings by Dec 2017.Got debt?
www.mo-moneyman.com
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Mostly, staying the same, by maxing Roth IRAs and TSP accounts for my wife and I.
The significant changes will be:
A) Rebuilding our taxable investments, of which we sold ~95% for the downpayment on our new home.
B) Getting our previous house rented out, for which we're still having trouble finding a solid tenant (put it on the market early October). We had a great tenant lined up, then his job transfer got delayed indefinitely, so he had to pull out. Because we now live 3,500 miles away from this rental home, we're using a property management company... We're adjusting how we have it listed, primarily by reducing the price to be slightly under market, so hopefully we can get a good tenant very soon.
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We plan to continue with our 2015-2016 plan which has worked out well for us. Will max our 401Ks, company adds another 4k (vested fully immediately) to my 401k, wife has no matching. Will also continue to put 5.5K each in non-deductible IRA all retirement accounts are in diversified MF portfolios. That gives us 51K of retirement (36+4+11).
Primary residence's Principal payment is about $1K a month. Rental is about $500. I pay off an additional $1000 towards principal on rental. That gives loan re-payments of about 30K.
Will continue to save somewhere between 6 and 12K a year towards non-retirement. Will continue to increase investments in non-conventional vehicles - lending club, groundfloor and Fundrise all of which is giving consistent 6-8% annual return.
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VWELX looks pretty good. Thanks for showing me this so I can put some $$$ in it.
I have reached my savings goal of "over 100k" for 2016.
For 2017 I will
Max out 401k and roth
Taxable account of 15k/month split for
20% vanguard small cap ETF
20% Vanguard mid cap ETF
30% Vanguard total stock market ETF
30% VWELX
5k/month will go toward peerstreet.
I may increase my investment toward lending club, perhaps add another 5k in total.
Goal for 2017 is a savings of 240k. Nothing to buy so I think we should hit this number. Aiming for a total expense of 40k for the year.Last edited by Singuy; 12-04-2016, 09:30 PM.
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continuing my retirement savings as usual (roth and ira contributions). Upon receiving my merit raise, I'll increase my 401K by 1% or so.
But I do plan on starting to invest split my savings from their current distribution. Currently 100% securities. I want to move to 50% into securities and 50% into savings used to either pay off my current home and then save for another (with intent to build a volume of rental homes that will all be paid off and hopefully produce some good passive income).
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monthly dividend stocks
If you don’t want to expose your investments to relatively less-known companies with risky business models, one potential way out is to buy solid dividend-paying stocks with staggered quarterly payout schedules. For example, you can build your dividend-paying portfolio by picking stocks with monthly dividend stocks.
NASDAQ:PSEC
NYSE:MAIN
NYSE:LTC
These are some of my stocks that I am looking forward in 2017.
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No major financial changes for me either.
Plan is to:- Fund Roth IRA for 2017 in first week of the year.
- Fund my 457 plan so as to max it out early in the year (probably August)
- See if I can get stock certificate for one DRIP account and put it into my brokerage account for convenience. (I want to learn how its done.) I currently have only two DRIPs I would like to keep as is, the rest should be moved into my brokerage.
- Keep helping mother to invest her money - did ok this year, she's happy.
- Keep putting any excess into brokerage
Don't torture yourself, thats what I'm here for.
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1. I hope to leverage a few properties with cash-out refi's so I can buy a few more.
2. Invest in new software and add a new key employee to increase company income.Last edited by TexasHusker; 12-19-2016, 07:31 PM.
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