Lux Investing
OK,best long term strategy investing 1K/month?
I have $1,000/month that I want to invest long term. I am 34m with kids and am looking to start building in addition to my pension. I am currenty investing in Vanguard ETF's. I am looking for a more aggressive approach right now, am I on the right track here? Should I be maxing out Roth IRA's before putting money in mutual funds, ETF's? 34 and Married, male
Public Comments
- 1K/month is great - don't listen to Jack who says its not enough. You have start somewhere and 12K/year is amazing. I invest 350/month in ETFs. I don't worry about blue chips because I have those in my mutual funds and IRA. I personally like financial stocks because they are so hard-hit right now. Find something that still has a dividend and you'll be set. I also like oil futures. I invest in a family of ETFs from Powershares (but I buy them on Vanguard) called XLF, XLB, XLI, XLP, and XLK. Only one stock of mine has more than 1K in it (DXO) so if you can do what you're planning you'll be in great shape. Good luck.
- ok, you don't invest in individual companies as suggested here -- it's playing casino, NOT investing. Someone does not understand the meaning of the word "diversification"...... If you have 1K I suggest getting it all in 401K if you have one at your work, and consult with the managers how to best allocate the money. If you don't have one, just don't listen to these people -- invest prudently in index funds. If you want to be more aggressive go with Russel 2000 small cap stock; more conservative - go with S&P500... But again right now it's a totally stupid idea to invest in stocks, unless you're at least 5 years in a haul... You get my idea. Max out your Roth IRA or 401K.
