Let the fun (and questions) begin

[hxcsurfer]

I'm great at saving money but not so smart (yet) with investing it. In my first 5 years in the Coast Guard I have saved 54 thousand that I have sitting gaining 5.20 % in a performance index fund with USAA. I have another 4 thousand currently losing me money hehe thats invested in a international mutual fund ( USIFX ) through USAA. I am not currently putting any money into this fund.
I just started TSP 80 percent Interational and 20 percent in a Lifecyle 2040. I contribute 20 percent of basic pay and all of my bonus money.
I'm 26 dont need as much as most to be happy. I am debt free, car is paid for and I can safely invest around 1800 a month.
Thing is I don't like to have ALL of my money tied up until I am 60. What else would you suggest I invest in...besides a Roth.....no load mutual funds ?
Also I see the market tanking....should I hold off on investing my 50 grand ?
Any thoughts appreciated
thanks
Danny

 

[Spaf]

Welcome hxcsurfer!
Start your hxcsurfer account talk thread, and I'm sure the opinions will follow!

 

[tsptalk]

Also I see the market tanking....should I hold off on investing my 50 grand ?

Welcome Danny! It may be getting time to put some to work, but I wouldn't do it all at once.

Good luck!
Tom

 

[hxcsurfer]

thanks for your friendly replies. Before I stumbled onto this sight I posted a similar message and got exactly one reply saying " Flagged. Excessively Boring "
So this is a relief hehe

 

[2moryrs]

Welcome also Danny. I am great at saving too. But this investing is much more than small brain can carry sometimes. I watched this site and followed recommendations for approximately 4 months before joining and NETTED $3,000. I was impressed so I joined for 6 months. I however do not bring home $1,800 a month so you are very fortunate indeed! Keep up the good work and you will have a great retirement nest egg!

Colleen

 

[hxcsurfer]

well i have already started my contributions so i am reading all i can so i can try and hit the ground running.

not going to touch my savings until I am more established.

any suggestions welcomed

 

[hxcsurfer]

i'm overwhelming myself

By reading entirely too much and am at a stalemate of sorts. I love these TSP index funds because they have such a low expense ratio and the ability to easily move my money around. I really don't see how we could lose here.
That being said the choices are a bit limited so I am looking into spreading my money around maybe at Vanguard in something that I'm not currently being offered.
I wanted to invest in Health Care but it's currently closed although would it make sense to just invest in JNJ - johnson and johnson ?
Basically i need to fund a Roth and then I still have the 50,000 some odd dollars sitting around.
Tips to lead me down the right path ? Thanks.

 

[tsptalk]

Danny -

You may get more of a rsponse if you pose these questions in one of the other threads where more people might be reading. Whether that's in a strategy thread, IRA thread, questions thread, etc.

Thanks,
Tom

 

[hxcsurfer]

thanks - i'll give it a shot