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Posted on 8/7/16 at 9:54 am to samson'sseed
Do you take the distribution or do they offer a reinvestment option? Or would that be up to the broker?
Posted on 8/7/16 at 3:38 pm to Jefferson Dawg
Only if it doesn't rain for a while. But my well hasn't dried up in the last 40 years or so.
Posted on 8/7/16 at 5:17 pm to AlaCowboy
Homerun
Posted on 8/7/16 at 5:59 pm to deeprig9
IRR
Voya Nat Reasources
Voya Nat Reasources
Posted on 8/7/16 at 7:22 pm to SquatchDawg
quote:
IRR
Voya Nat Reasources
That's ridiculous. I'm throwing money at that tomorrow morning.
Posted on 8/7/16 at 9:49 pm to deeprig9
quote:
That's ridiculous. I'm throwing money at that tomorrow morning.
What is this and how does it work?
Posted on 8/7/16 at 10:04 pm to deeprig9
Energy has been taking a beating so the prices look pretty good.
Posted on 8/8/16 at 7:50 am to SquatchDawg
Order placed.
Posted on 8/8/16 at 8:25 am to deeprig9
Okay....in layman's yerms....how does one order this if they've never done it before? Seems you already have an account to purchase through via USAA, correct?
Posted on 8/8/16 at 8:28 am to S1C EM
With USAA, calll the 800 number and tell them you want to open a Roth. They'll guide you through it. You'll need some seed money, I think $500.
Posted on 8/8/16 at 8:51 am to deeprig9
Yeah, I'm not prior military, so can't use them. Any suggestions outside of that? I know Vanguard is good.
Posted on 8/8/16 at 9:09 am to deeprig9
Nice to see you did your research and didn't just jump into a stock pick you got from an anonymous guy who goes by "Squatch" on the internet.
Posted on 8/8/16 at 10:25 am to S1C EM
quote:
Yeah, I'm not prior military, so can't use them. Any suggestions outside of that? I know Vanguard is good.
Call your bank and tell them you want to open a Roth with $500 seed money into their most predatory money market account.
They'll try to convince you to set up automatic contributions, and steer you into this fund and that fund, all commissions for the bankers. Tell them no, not right now, you just want to set it up with $500 in the plain old boring money market account.
Or $1000, or whatever amount.
Read up on a Roth IRA on the internet first, so you know exactly what it is.
Posted on 8/8/16 at 10:35 am to deeprig9
Okay, interested.
I'm semi-familiar with the Roth and traditional IRA options, but how does the money market fit into this?
It looks as though I can no penalty one through Vanguard with $1,000 and pick my own investments.
Tell me, though.....what are you seeing in the IRR that you like so much? How long will this be a good deal and why is it now? It seems like you and Sequatchie know enough to identify it as a good investment. Just curious as to why.
In 2008, I could have bought Google stock for something like $265 a share. Couldn't have bought a ton of it, but at least 10-20 shares. I kick myself often for passing on it.
I'm semi-familiar with the Roth and traditional IRA options, but how does the money market fit into this?
It looks as though I can no penalty one through Vanguard with $1,000 and pick my own investments.
Tell me, though.....what are you seeing in the IRR that you like so much? How long will this be a good deal and why is it now? It seems like you and Sequatchie know enough to identify it as a good investment. Just curious as to why.
In 2008, I could have bought Google stock for something like $265 a share. Couldn't have bought a ton of it, but at least 10-20 shares. I kick myself often for passing on it.
Posted on 8/8/16 at 11:16 am to S1C EM
quote:
It seems like you and Sequatchie know enough to identify it as a good investment. Just curious as to why.
Oh no...I just said it was interesting, had a huge yield and deserved more research. As far as I know it could be managed by Bernie Madoff and invested in Venezuela oil fields.
This post was edited on 8/8/16 at 11:32 am
Posted on 8/8/16 at 11:36 am to SquatchDawg
It now represents 7% of my total holdings, which are all very conservative. With my ongoing 401k contributions to conservative stuff, it will represent less and less of my holdings as time goes by.
I'm not too worried about it.
I kinda hope it is invested in Venezuelan oil fields. That's exciting.
I'm not too worried about it.
I kinda hope it is invested in Venezuelan oil fields. That's exciting.
Posted on 8/8/16 at 11:39 am to S1C EM
quote:
I'm semi-familiar with the Roth and traditional IRA options, but how does the money market fit into this?
Money market is just stock talk for cash. You can't hold cash in an investment account, so you have a money market account within your investment account. This is where you hold cash in between buying and selling. A cash parking spot within your investment account.
quote:
It looks as though I can no penalty one through Vanguard with $1,000 and pick my own investments.
What do you mean "no penalty"?
Posted on 8/8/16 at 11:41 am to SquatchDawg
quote:
Oh no...I just said it was interesting, had a huge yield and deserved more research. As far as I know it could be managed by Bernie Madoff and invested in Venezuela oil fields.
Haha...
Posted on 8/8/16 at 11:45 am to SquatchDawg
quote:
a huge yield
At 13.21%, your money is doubled in 7.5 years.
That's with zero equity gain.
If it goes back up to $13 a share where it was 5 years ago, in an energy crunch, you've doubled your money twice.
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