What to do with 91K

MrSeanHiggs · Oct 9, 2012

OK fellas. told you that I ran into some money.. Well it is a shade under 91K sitting in a brokerage account.

I have shares of --

Franklin Templeton Founding Fund
Lord Abbett Fundamental Equity
Lord Abbett Diversified Income
Putnam Diversified Income Trust Class C
Wells Fargo ADVTG C&B Mid Cap Value

this is found money..

I am thinking of taking 45K of this and going very aggressive somewhere

Let's hear what you would do with 45grand

DowntownMickeyBrown · Oct 9, 2012

Hookers and 8 balls ?

MrSeanHiggs · Oct 9, 2012

I am sure we could have a party along Frelinghuysen Ave... Meet me at McDonald's.. McNuggets on me !!

LineTamer+ · Oct 10, 2012

Do you have an advisor on the account?

If you doing it your self, sell the C share mutual funds right away....your paying a 1% trail on them.....

MrSeanHiggs · Oct 10, 2012

the advisor came with the account..

MrSeanHiggs · Oct 10, 2012

whats a 'trail'

LineTamer+ · Oct 10, 2012

A trail is commission to the advisor...C share mutual funds pay the advisor 1% per year for the period you own the fund. Could be refereed to as a sales charge or sales load.

If your going to do it yourself, I would transfer the account to an online brokerage account, IE tdameritrade, scottrade, etc...much cheaper.

ivyconniver · Oct 10, 2012

If the broker is actually giving you advice, it could be well worth the 1% you're paying to avoid taking advice from the internet. Just a thought.

MrSeanHiggs · Oct 11, 2012

Not sure if I want to do it myself.. I have no idea about stocks.. He said I could do whatever I want with the money. I can move to something more aggressive or leave it where its at, or move to he said if i like apple i could put it in apple. or whatever i was interested in.. I was thinking of moving like 11K into something really aggressive or with some crazy rate of return. Just try to really hit the lottery with something nutty.. But I really have no clue.

LineTamer+ · Oct 11, 2012

ivyconniver said:
If the broker is actually giving you advice, it could be well worth the 1% you're paying to avoid taking advice from the internet. Just a thought.

No investment recommendations given...but why pay 1% to buy and hold a mutual fund...buy a cheap index fund or a no load mutual fund. And if your going to pick and chose your own stocks, it will surely be cheaper with an online brokerage account than it will be with an advisor.

Hotpizza · Oct 29, 2012

I would definitely fire the advisor and move to an online brokerage. If the advisor hasn't talked some sense into you with these funds you are holding, he/she isn't right for you. Then again, they are making $ off of you without having to do anything either. Any advisor that says you can put it into whatever you want isn't doing you any justice. Why Apple?

Seriously if you are looking to 'BLOW" $11K cash it out and go to Vegas or somewhere exotic and bet like a fool. That's what you are going to do trying to find a get rich scheme in the stock market. The market takes patience and a lot of know how. Sure some people get lucky once in a blue moon but people that do what you are trying to do, lose 99.9% of the time and the fat cats get fatter.

If it was my 91K, I would be so out of those funds and diversified into good quality companies paying a dividend and have my own form of a mutual fund without paying anyone any % of trail or fees to manage my funds.

KktdocT · Dec 15, 2012

I'd hide it under my mattress.

RapStar · Dec 24, 2012

You ever think about putting it into precious metals like gold?

SmallDaddy · Dec 24, 2012

line. kmp, mwe, bp, sdrl

8ate · Dec 24, 2012

3-d printing..>> DASTY

CoachCB · Jan 13, 2013

Hotpizza said:
I would definitely fire the advisor and move to an online brokerage. If the advisor hasn't talked some sense into you with these funds you are holding, he/she isn't right for you. Then again, they are making $ off of you without having to do anything either. Any advisor that says you can put it into whatever you want isn't doing you any justice. Why Apple?

Seriously if you are looking to 'BLOW" $11K cash it out and go to Vegas or somewhere exotic and bet like a fool. That's what you are going to do trying to find a get rich scheme in the stock market. The market takes patience and a lot of know how. Sure some people get lucky once in a blue moon but people that do what you are trying to do, lose 99.9% of the time and the fat cats get fatter.

If it was my 91K, I would be so out of those funds and diversified into good quality companies paying a dividend and have my own form of a mutual fund without paying anyone any % of trail or fees to manage my funds.

Good advice here.

So what did you do w/ it Mr. Higgs?

---

trafficb1 · Mar 15, 2013

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Alexsalvaje · Jun 13, 2013

Hi Mr sean, i can tell you my experience with auction on real state here in costa rica, properties where you earn 30 or 35% of the original value of the property, 0 risk. i have 2 years doing this with 65K of profit and relax business. just traveling and checking properties in opportunity.

Let me know and i can explain you better with a couples of beers!!!!

Murphy8276 · Jun 13, 2013

Alex salvaje said:
Hi Mr sean, i can tell you my experience with auction on real state here in costa rica, properties where you earn 30 or 35% of the original value of the property, 0 risk. i have 2 years doing this with 65K of profit and relax business. just traveling and checking properties in opportunity.

Let me know and i can explain you better with a couples of beers!!!!

this is the first message you typed that wasnt spamming your PPH shop everywhere. Please stop that spamming or you will be banned

Welcome to the RX Forum otherwise

-murph

Alexsalvaje · Jun 17, 2013

Ok sorry, but in this post i am not saying anything about the shop Sr.

What to do with 91K

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