10K to rollover, where though?

[danger boy]

if you had 10K you had to rollover, where would you invest it in?

yeah. i know it would buy a killer 2 channel system.. but not this time. :p

[jdhdiggs]

How risk adverse are you? Close to retirement?

[spasticpitbull]

Mutual Fund

[Demiurge]

I would ask the financial investment experts on the Polk Audio forums.

[Willow]

Depends on how risky you want to be, Safe side, GIC or a money market fund.

[George Grand]

Vinyl seems to be making a resurgence. Just a thought.

[schwarcw]

Old tubes, Immaculate Marantz 10b Tuner, some Classic MacIntosh gear, collectible "art"

[PolkThug]

Mutual Funds

10.00% SCIENCE & TECH
10.00% BONDS
10.00% INTERNATIONAL GROWTH
10.00% RETIREMENT SHARES (Emphasis on future)
10.00% ASSET STRATEGY (Global, Conservative)
10.00% ENERGY
10.00% SMALL CAP GROWTH
30.00% CASH (Holding pen to spend on new Funds when needed)

Averaging around 13% return for last 5 years.
ENERGY has been the best at +19%

What works for me, may not work for you, always consult an investment professional before investing. Historical returns are no guarantee of future returns.

[cfrizz]

Al, if you have an life insurance policy call your agent. He/she should be well versed in mutual funds & how to properly allocate that large sum of money so that you are sufficiently diversified.

Or if you already have some mutual funds & they are performing well, then split the money between them. If you don't have an IRA, open one with the entire amount.

Just make sure you roll it over to avoid getting slammed by taxes!

[daboyz]

My pocket........

[jdhdiggs]

In all seriousness, since you are asking the question, I'm guessing that you aren't "THAT" into investing and as such, you should go talk to a real financial advisor. We don't know what else is going on, what other investments you have, etc... $10K could be your life savings or merely a drop in the bucket. You could be planning on retiring next year or in 40. All of these pieces plus many more are needed to determine where YOU should put YOUR money.

[petrym]

Buy all the crack you can, sell it and roll the profits over and over... in 6 months - retire. ;););)

For real, see a reputable financial advisor.

[shack]

Mutual Funds

10.00% SCIENCE & TECH
10.00% BONDS
10.00% INTERNATIONAL GROWTH
10.00% RETIREMENT SHARES (Emphasis on future)
10.00% ASSET STRATEGY (Global, Conservative)
10.00% ENERGY
10.00% SMALL CAP GROWTH
30.00% CASH (Holding pen to spend on new Funds when needed)

Averaging around 13% return for last 5 years.
ENERGY has been the best at +19%

What works for me, may not work for you, always consult an investment professional before investing. Historical returns are no guarantee of future returns.

Just a bit over diversified and 30% cash and 10% bonds for anyone under 65 is way too much. Four mutual funds should provide more that adequate diversification for a retirement portfolio. Any more than that and you might as well just invest in index funds that match the market.

Al, if you have an life insurance policy call your agent. He/she should be well versed in mutual funds & how to properly allocate that large sum of money so that you are sufficiently diversified.

Some insurance agents know about good funds for IRAs. Just be careful that you don't let them sell you any type of whole/universal life or an annuity. Those are some of the worst investment options you could get into.

If you have an exisiting 401-k with your present employer, you can usually bring rollover funds to that account. This generally results in lower fees and less tracking. Of course you should be happy with the fund choices and the way the 401-k is managed...but it really does simplify things.

[PolkThug]

Just a bit over diversified and 30% cash and 10% bonds for anyone under 65 is way too much.

I don't really hold 30% total cash, thats just an amount set aside, then when I see a good thing coming like the Energy equities (exxon, etc), I can quickly convert the cash over, then I start building again. Actual cash held is only about 7%.

Also, I should note that I was only putting 10% aside for cash untill the market was creeping up to 14k, I don't like to buy high. :) ...and no, I'm not recommending that anyone try to time the market.

Also, it would be pretty much insane to follow any advice from some guy you don't know called 'PolkThug'. :D

[danger boy]

20 yrs till retirement... and to give you an idea of what i am comfortable with. my 401K is 80% in stocks currently.. if that's any indication. :)

[Silverti]

20 yrs till retirement... and my to give you an idea of what i am comfortable with. my 401K is 80% in stocks currently.. if that's any indication. :)

I've feared the 401K stock thing since Enron. at my old company it was about 50% for me. Consider also that that stock stayed at like 70 for 10 years strait. I moved it all out to my new companies 401K and I’ve been happy... except for the fact that the stock (in 4 months) has gone up 5 points (that’s right, had it 10 years at 70 points and the day I sell it, it starts climbing to 75, how F'ed up is that)

[shack]

I'm currently 64% in individual stocks (5). The rest is in mutual funds with 12% in a large cap income fund, 12% in a mid cap growth fund, 6% in an international growth fund and 6% in a bond fund. All stocks are in dividend stock purchase plans and the income from the funds are funneled back into the funds. The 15% of income I contribute and 6% my company matches is split between the 4 funds.

[cfrizz]

The 401k is probably the single best vehicle for saving money for retirement. So long as you consider YOUR needs & not the company you will be fine. Unless the only option your 401k has is to buy company stock.

Companies have done away with associate company loyalty. (at least if the associate is smart.)

So long as you don't put all your eggs in one basket, you should do ok.

You know how to work it Shack! Well done!


I've feared the 401K stock thing since Enron. at my old company it was about 50% for me. Consider also that that stock stayed at like 70 for 10 years strait. I moved it all out to my new companies 401K and I’ve been happy... except for the fact that the stock (in 4 months) has gone up 5 points (that’s right, had it 10 years at 70 points and the day I sell it, it starts climbing to 75, how F'ed up is that)

[jdhdiggs]

My current setup is:

66% of savings in the 401K's in mutual funds 50% midcap 25% small cap 15% high tech and 10% international (No choice but Mutual Funds)

The remainder (ROTH's and personal accounts) is in about 30 different stocks.

Unless you can keep up the research on stocks, I would strongly suggest Shacks method of a few blue chip, high dividend stocks if you don't want the mutual fund route. In fact, in matters regarding financial advice, Shack would be the only person I'd listen to on this board. ;)

[cfrizz]

My 401k consists of
20% fixed income
20% large cap equity with 2 different funds
20% small cap equity with 1 fund
20% international equity with 1 fund

My future contributions are split with

10% going into fixed
50% going into large
20% going into small
20% going into international

I rebalance everything once a year.

So far it has gained 10% this year.

[strider]

Reading all this makes me realize that I'm not as knowledgable as I should be regarding financial matters. I'm 32, recently married. My wife's 27 and owns her own business. I have a 401k through my work, she doesn't have any type of retirement plan, just a personal savings account.

Any suggestions on where I might start learing more? My hope is to become more informed myself, get an idea of what's out there, then talk to a professional.

[Demiurge]

Reading all this makes me realize that I'm not as knowledgable as I should be regarding financial matters. I'm 32, recently married. My wife's 27 and owns her own business. I have a 401k through my work, she doesn't have any type of retirement plan, just a personal savings account.

Any suggestions on where I might start learing more? My hope is to become more informed myself, get an idea of what's out there, then talk to a professional.

Find a financial planner. It can sometimes be rough finding a good one, but I would suggest networking through people you know and trust to find one.

My financial planner happens to be a very good friend of the family and I started meeting with her since I was 18. She's been doing my financial planning ever since.

Also, while no doubt some of the advice here is probably good, NONE of it relates to anyones personal situation, which is what a financial planner will be able to delve into. They'll get you on a good track/better track and start giving you options, and the more money you have to move around, the harder it can work for you.

[shack]

Reading all this makes me realize that I'm not as knowledgable as I should be regarding financial matters. I'm 32, recently married. My wife's 27 and owns her own business. I have a 401k through my work, she doesn't have any type of retirement plan, just a personal savings account.

Any suggestions on where I might start learing more? My hope is to become more informed myself, get an idea of what's out there, then talk to a professional.

These are three that I like, but there are many more. I have never thought very much of Money Magazine and I would avoid that idiot Jim Cramer (CNBC'S Mad Money). If one had actually followed his advice, right now you would be underperforming the market.

http://www.kiplinger.com/

http://www.morningstar.com/hp.html

http://www.fool.com/

At the very least go to the financial sections of the sites like MSN or Yahoo. There are lots of articles there...some good, some bad...but it will at least give you a basis to get started.

[shack]

Find a financial planner. It can sometimes be rough finding a good one, but I would suggest networking through people you know and trust to find one.

My financial planner happens to be a very good friend of the family and I started meeting with her since I was 18. She's been doing my financial planning ever since.

Not a bad idea...IF...you do it right. Make sure they are a CFP (certified financial planner). Also make sure they are strictly a "fee for service" planner who will charge you by the hour or plan...and NOT someone who wants to sell you something. The ones that work for banks, insurance companies and brokerage firms MAY be ok, but generally the best ones are independents who have no ties to any one firm or group of investments. If they are doing well, it is because they are good and have a good client base. Always ask for referrences.

[jdhdiggs]

I would highly recommend fool.com. I've been a member of that site since about '97 or so and it really lays things out as basically as possible so anyone can understand.

[strider]

Great stuff. Thanks for the replies guys, I appreciate it.

[wingnut4772]

If I were you I would roll it all over to my Etrade account.


LOL. Seriously. if I had $10000.00 to invest right now at my age I would put it in some aggressive biotech stocks but that would be if it were an extra 10k. I do actually have 10k wrapped up in some speculative stem cell stocks which may or may not pay off down the road (way down) but I have 16 years to retire so time is on my side. If we all don't blow up first.

[shack]

Danger - You could always load up on DEIX stock (all time low, price drop of 73% in less than a year - $16.14 Nov. 06 - $4.22 Today). Buy lots of Def Tech and Polk speakers and watch your investment soar.....:confused:

[reeltrouble1]

I would invest in Dibs R Us, I can sell you shares on the cheap!!!!!

At Dibs R Us we care about you and your Dibbing.

Dibs preferred. Paypal is not.

RT1

[danger boy]

so many options out there.. but I agree.. the smartest thing I need to do is talk to a financial planner...

[ESAVINON]

Mark Levinson number 32 preamp.
I'd be rocking and rolling over all day and night listening to that beast.

[cfrizz]

The first thing you should look at is your 401K. Make sure it is diversified like Shack suggested. But think twice about getting any of your companys stock if that is an option, since you are already dependent on them for your paycheck.

Make sure you are contributing enough to get the company match (IT'S FREE MONEY!)

Once everything is how you like it...FUGEDUBOUTIT! Go in at the end of the year rebalance everything & forget about for the year.

I read Money & Mutual Fund magazines from cover to cover during the 80's. That is how I educated myself.

I got a Long Term Care policy 3 yrs ago, and my new agent took over my mutual funds accounts. He left things alone for a year & then the following year made suggestions to switch my 2 T. Rowe Price funds to a couple of American funds that I followed. They've been flying along ever since.

I got my agent on recommendation from my successful neighbor who has him for his agent.

The other important thing I did 3 yrs ago at the same time, was to get a lawyer to set up a Power of Attorney, a Will, & a Health Care Proxy!

My mom's passing finally galvanized me into doing these things. Now I can pretty much relax knowing I have measures in place should anything happen to me.

Reading all this makes me realize that I'm not as knowledgable as I should be regarding financial matters. I'm 32, recently married. My wife's 27 and owns her own business. I have a 401k through my work, she doesn't have any type of retirement plan, just a personal savings account.

Any suggestions on where I might start learing more? My hope is to become more informed myself, get an idea of what's out there, then talk to a professional.

[Sami]

My old 401k is rolled over to an IRA that's in TDAmeritrade, 100% invested in individual stocks as I got tired of funds. That's about 90% of my retirement savings.

My new 401k is of course funds since I don't have individual stock option. 85% is in international stock. Aggressive, sure, that's the way it needs to be since I'm only 36.

[dorokusai]

Ben - If you want to drop me a line I can refer you to who I currently use. I found a private 401k manager for when I left Sprint Nextel.

[PolkThug]

10k? That's enough to get one decent 2 meter interconnect (http://www.thecableco.com/product.php?id=2288).

[Silverti]

10k? That's enough to get one decent 2 meter interconnect (http://www.thecableco.com/product.php?id=2288).

Holy hell, no kidding? 10K for a cable??? It could be solid silver for that price