Ask HN: What kind of personal financial investment do you do?

Re:Ask HN: What kind of personal financial investment do you... by bpeters on Wednesday February 09, 2011 @10:44AM (#2197769)

See a financial advisor and figure out what plan is right for you. Not only is this question open ended, but answers are and should be tailored to the individuals needs, plans, and long-term goals.

To "hack" investing, just focus on figuring out what type of long-term goals you have. 5, 10, 15 years, and retirement, what do you want to have achieved or saved by then. When do you want to retire?

Are you wanting to manage your money, or pay fees to have experts do it for you?

Do you have a family? Who do you support financially. All these factor in what type of personal investing you should do.

Once you have figure out all these, the main goal in investing is diversity of your portfolio. Diversity in the risk versus payoff, but also in type of investment, region, and industry.

[ Parent | on HN ]

Re:Ask HN: What kind of personal financial investment do you... by RoadRunner_23 on Wednesday February 09, 2011 @12:04PM (#2198162)

Your local Credit Union Bank, will offer free financial advise, if you have an account with them. Our credit union advisor, was really patient in answering pretty much all our questions..

well.. he will try to sell some of the bank services, but finally he was able to convice us to roll over IRA to our bank's IRA.

[ Parent | on HN ]

Re:Ask HN: What kind of personal financial investment do you... by amh on Wednesday February 09, 2011 @11:15AM (#2197933)

The problem with asking a financial advisor is finding a good one. By the time you've learned enough to know the good from the bad, you may as well DIY and save the fees.

Although, there's definitely value in getting help from specialists in certain areas (estate planning, taxes).

[ Parent | on HN ]