It’s that time of year again. I have made a sizable deposit into my SEP-IRA and Roth IRA and I’m asking you to help me invest it. I have a bit of a twist this year though. Due to my private stock investment paying off, I might have a little more cash that usual this year. I’ll probably be waiting a few months for that train to roll into the station (i.e. the deal to go through).
I figure that I could start going through all my traditional investment options and preferences, but what’s the fun in that?* Also, what’s the point of having a website without being able to crowdsource some ideas every once in awhile? I’m asking you to help me out by providing some ideas on how to invest my money. I’ll give one person who gives a good suggestion that I end up using $25 via Paypal or Amazon/Ebay gift card. Even if I don’t end up using the suggestion, I’m probably going to give $25 to someone with the best suggestion. (I say “probably” because I’ve had some giveaways with no quality entries.) To help guide you here are some things that I will look for in determining a winner:
- Ignore asset allocation – Yes asset allocation is important, but I would have to give you many details as to my current investments, which are spread across many accounts.
- I like ETFs – I’ve always preferred them to mutual funds. I think it’s because the ETF equivalent of most indexes seem to have a lower expense ratio.
- I like value – A few years ago (maybe nearly a decade ago now) I saw that energy stocks were beat up and I invested in them. I like to buy things that are “cheap” as long as I don’t see the industry going away.
- I like sector funds – They have more diversity than a single stock, while having the ability to outperform the general market.
Enter by leaving your suggestions in the comments. I’ll stop accepting entries on Friday 11:59 PT and will announce the winner soon after. Be sure to include your real email address so that I can award you the prize. I will only contact you if you win and never disclose your email address in any other way.
* Note: I actually find it very fun to go through investment options and preferences, but I’m trying to appear to not be a total dork. The minute that I publish this, I will begin my research and bury myself in glorious stock and mutual fund graphs.