Investing for retirement advice, !!!!IMPORTANT MUST READ!!!!

[hmgROCK]

Hey been a while. Anyway been working at a firm
and like to give some good advice to my fellow Hmong brothers and sister
About saving for retirement
I like to keep this thread in the general discussion if possible

This is free advice, truth advice, no BS
If you follow my advice, we will all be rich in the long run.

Today we going be talking about a ROTH IRA
ROTH IRA is good for low income folks less than $60k
It is tax free, you put money in and when you retired at 59.5 years
You can take it all out. tax free
401k you have to pay tax

You want to open A ROTH IRA
You can do this at Schwab, vanguard, or fidelity

Once you open that, you want to deposit as much as you can annually up to $5500
You have to work and earn $5500 to deposit $5500
So if you make $3000, you can only deposit $3000

After that, you want to invest your money.
Look for a low cost index target date fund

once, you open your account with any of those 3 company, i listed above
you want to chose what you want to invest in

for vanguard, you chose
this is a target date for 2055 (chose which date you like to retired)
https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=1487&ps_disable_red irect=true&funds_disable_ redirect=true

for schwab, you chose
this is a 2050 (again chose which date you want to retired)
https://www.schwab.wallst.com/schwab/Prospect/research/mutualfunds/summary.asp?symbol=SWYMX

fidelity this is for 2055(chose which date you want)
https://fundresearch.fidelity.com/mutual-funds/summary/315793828

the reason why we chose these plan
is because they are low cost, and you get to own like alot of the stock
so even if facebook goes down, you still got others.
you probably own like 3,000 of the stock or etc.. depending on which plan you chose
plus you don't really need to rebalance it or anything, it's all automatic
just have to put in your monthly deposited
it's that easy
don't get any easier than that

in the long run, you will be RICH

[hmgROCK]

This is true no BS advice. I ain’t trying scam you.
But help my Hmong brothers and sister get in the white man game.

Ain’t trying to sell you nothing.

If you have any questions, or like to learn more about investing.
Ask away


should I invest in bitcoin/cryptocurrency?
the answer is:  NO NO NO NO NO

follow my advice above
you will be rich in the long run

[hmgROCK]

continue making your monthly deposit
don't pay attention to the stock market everyday
don't panic sell

buy and hold
you in this for the lonngggg haul 30-40 years
you will be rich, if you follow this simple advice

the white man been playing this game for soooo long now
we need to start ballin with them too if we want to be rich like them

[Gucci K]

long time no see, theking has missed you dearly. 

you've only been gone for only a few months and now returning as a master money advisor.  i'm old school, so i would just plant my money in the back yard...in time, it will sprout and grow into a money tree.   

[hmgROCK]

long time no see, theking has missed you dearly. 

you've only been gone for only a few months and now returning as a master money advisor.  i'm old school, so i would just plant my money in the back yard...in time, it will sprout and grow into a money tree.   

that's a bad advice
our parent taught us

you should only save enough for emergency
6 months - 1 year of livable expense

the rest, you should be investing
the plan above is sooooo SIMPLE, I MAKE IT DUMB PROOF

1. open account
2. chose your retirement date
3. deposit monthly

you will be super rich in the lonnnggg run, trust me
NO BS

[hmgROCK]

You can deposit $11000 total if you have a wife/husband who don’t work.
Just gotta make sure you make at least $11000

So you make $5500 account for you
And a $5500 for your wife/husband

You can still put in for 2017
So $22000 if you got the saving

Or you can always make a  gofundme
Up to you

[Cali Guy]

You can deposit $11000 total if you have a wife/husband who don’t work.
Just gotta make sure you make at least $11000

So you make $5500 account for you
And a $5500 for your wife/husband

You can still put in for 2017
So $22000 if you got the saving

Or you can always make a  gofundme
Up to you

11k will make you rich in the long run, cool bro. Don’t forget to add that the market is a gamble.

[DuMa]

I will give you one. 

Kcap ticker. 

The market had her down 200 points just a few days ago and yet, her prices are still dancing in the $3 range.  Look at her yearly charts.  Very stable at the $3 level.   

I'm not milking on her prices to rise.  I'm milking her dividend.  12% and you tell me which other ticker that pays higher than 12% but low enough to buy and I will buy it with you. 

Plenty other ways to save for the future.  It all depends on one question.  How can you invest when you needed that money to survive on a weekly, daily, monthly basis? 

Bruce Lee says to be like water.  I say to be like a tree who sucks the water.  Most people are like a pepper plant. One job, one root that feeds their main tree.  I say to be a tree that looks beautiful because it has many roots.  Below the surface, it has roots branching out to suck all kinds of water.  We call it income revenue or the sources of your income.  Need to pay off your car or phone bill?  No problem, one root is doing that so free car payment n free phone bill for life. 

So best to build up your ATM machine.  I know a guy who gambles everyday.  He can do that cuz before he hits the casino, he goes to his business and takes the daily profit and play with that.  If he blows it away, he still have tomorrow cuz his ATM machine is never out of business. 

That is why they say time is money.  If you are not making money then you are losing money. 

[hmgROCK]

11k will make you rich in the long run, cool bro. Don’t forget to add that the market is a gamble.

That’s why our investment are in index
If you look at the S&P 500. It only goes up.

Sure it crash sometime, but it’s always moving up

If don’t mess with the single stock.
I made it dumb proof on my Original post

[hmgROCK]

stick to 401k....safe way is the sure way....haha I know some people retire at 57 or something around there and just take the 75% retirement payout because they got 401K income coming to them as well...so it's like why wait til your 67? get your retirement, plus your 401k...that's 3-5k a month until you kick the bucket...what more do you need....make your kids work for their own money man...lols

Yes, we need to start playing the white man games
No wonder we got some broke ass Hmong folks

I make it dumb proof in my original post

401k is good
Roth IRA is even better if you are making less income

[hmgROCK]

I will give you one. 

Kcap ticker. 

The market had her down 200 points just a few days ago and yet, her prices are still dancing in the $3 range.  Look at her yearly charts.  Very stable at the $3 level.   

I'm not milking on her prices to rise.  I'm milking her dividend.  12% and you tell me which other ticker that pays higher than 12% but low enough to buy and I will buy it with you. 

Plenty other ways to save for the future.  It all depends on one question.  How can you invest when you needed that money to survive on a weekly, daily, monthly basis? 

Bruce Lee says to be like water.  I say to be like a tree who sucks the water.  Most people are like a pepper plant. One job, one root that feeds their main tree.  I say to be a tree that looks beautiful because it has many roots.  Below the surface, it has roots branching out to suck all kinds of water.  We call it income revenue or the sources of your income.  Need to pay off your car or phone bill?  No problem, one root is doing that so free car payment n free phone bill for life. 

So best to build up your ATM machine.  I know a guy who gambles everyday.  He can do that cuz before he hits the casino, he goes to his business and takes the daily profit and play with that.  If he blows it away, he still have tomorrow cuz his ATM machine is never out of business. 

That is why they say time is money.  If you are not making money then you are losing money.

Duma

That stock is hella risky and volatile
Do not invest in it
Get the hell out

Its going go bankrupt .

Again.

Read my original post
We only buy index because with index
We get a shit ton of stock.

If you want dividends, buy a dividend index.

DO NOT BUY SINGLE STOCK

[hmgROCK]

Duma

I hope this message get to you. Brother
You need to get out of that stock. ASAP
If you are interested in dividends only.
Buy a dividends index like this one

VHDYX

Poor people who don’t make a lot need to buy index.
We will all be millionaire in the long run.

Index, they only go up
Can’t stress it enough
Ain’t trying to BS
Straight truth
Be rich like the white man

[w1s3m0n]

Market grows around 7% assuming it trends the same.  Since WWII America has been the superpower.  Today America is losing to China.  Can we really grow at the same pace?  Not really because our political leaders are idiots.

[joot]

I wish you would explain difference between ROTH IRA vs. traditional IRA

[hmgROCK]

Market grows around 7% assuming it trends the same.  Since WWII America has been the superpower.  Today America is losing to China.  Can we really grow at the same pace?  Not really because our political leaders are idiots.

Since trump becomes president
My portfolio grew 25%
And I hate the dude

The key point
I’m trying to stress in this post is investing
How we need to play the white man game
If we put a few thousand $$$ away early
We can all be rich and a millionaire in the long run