Stock Market for Disney

[jedi]

So I'm in the mist of planning for the next family Disney trip (2016) and got the 1K saved up already. Figured it's going to cost about 8-9K for everything. The last trip in 2012 all I did was estimate the cost divided by # of paychecks and had that portion put away in savings via a direct deposit.

This time I'm thinking since I have/had 4.5 years as oppose to 2 I could risk it a bit more and use some of the money (ie. the $1K so far) and put it in stocks for a few years.

Have never bought stocks before (ie. other than what's in my 401K) so what should I look for? Websites to read up on? ING Direct (ie. Captial One) has a way to buy stocks for $10 per transaction. Thinking of just doing that since my money is already with them.

Thoughts? Suggestions?

 

[mcolford]

Just leave it with me.. I have an Uncle Bernie that taught me lots about investing. I got your back!


Actually, I plan to follow this thread, as I dont understand a lot of it either..

 

[hoosierdoc]

most people would say don't invest money you need short term in the stock market. That would be my advice. Do you want to not go to Disney because the market tanked? You won't have time for it to recover as it likely would by your retirement date. Stick the cash in something safe and rest assured your family will be at Disney if that is important to you.

 

[jedi]

@mcolford your new avatar confused me at first. was expecting the other one.

@hoosierdoc
This 1st 1K I'm okay in loosing Iunderstand the stock market is not a safe thing and money can be lost. I was planning on putting it in a cd for a year but that only give me .85% so $85 right? Figure I'm sure a a stock sat for 3 yrs could bring more than that.

 

[The Bubba Effect]

I suggest reading about the stock market at zerohedge.com . If that doesn't convince you to take Hoosierdoc's advice, I don't know what will lol.

I also like to read Mike Shedlock's blog.

 

[hoosierdoc]

In 2007 the Dow was at 13.895. Yesterday it closed at 14,514. In the middle it was in the 6000s.

That's an 0.8% annual return on your money since 2007 in the market. Or you could have lost 49% if you sold at the dip, or gained 110% if you bought at the low.

It's currently at a historical high despite a shaky US economy and troubling Middle East/n Korea events. Not sure I'd be going long right now.

 

[nascarfantoo]

My concern with stock market right now is that it is so high. Bound to correct one of these days. If want to invest there remember ... Buy low, same high. May want wait till it drops some.

 

[rockhopper46038]

I wouldn't invest in stocks, either. You have a defined goal and a defined short term timeline. The downside risk is quite a bit higher right now in my estimation than the upside potential between now and 2016. If you decide to invest in stocks anyway, then I would recommend that you use either Vanguard or Fidelity, and invest in one of their funds that cost you nothing to transact and just a very small (0.15% or so) management fee. Actual trading fees will eat you alive on a small investment. Furthermore, the only "stock" investment that I could really in good conscience point out as a possible vehicle for your investment under the circumstances you have outlined would be an ETF investment in either high or increasing dividend paying stocks. Something like VIG or VYM. But again, for your stated purposes I really would advise against it. You aren't going to make anything in a CD at the moment, unfortunately. Maybe a "real return" bond fund that indexes to inflation so you don't lose purchasing power would be appropriate. Maybe not this year or next year, but before 2016 I expect we're going to see some serious inflationary pressure.

 

[jedi]

What about just buying silver or gold with the 1K then?
When I sell silver/gold to say APMEX is there tax to be paid on that like when you sell a stock (ie. capital gains). Does APMEX send you some type of 1099?

 

[JeepArn]

In 2007 the Dow was at 13.895. Yesterday it closed at 14,514. In the middle it was in the 6000s.

That's an 0.8% annual return on your money since 2007 in the market. Or you could have lost 49% if you sold at the dip, or gained 110% if you bought at the low.

It's currently at a historical high despite a shaky US economy and troubling Middle East/n Korea events. Not sure I'd be going long right now.

^^^ this...

 

[aclark]

Buy marijuana stock. It can be had for pennies and I have seen/heard of some of them going up to $1 or more. Buy 1k shares at $.01 and wait til it gets to $.50-$1 and sell! Penny stocks are the way to go for emerging markets, I know quite a few people that have made $1k in to 5 figures.

 

[junior438]

just start a second bank account and dont touch it. that way itl be there and no risk of losing it. if you use the stock market, thatl be just like taking to a casino. your taking chances, might pay off, but you might lose it all and be starting all over.

 

[Gabriel]

Figured it's going to cost about 8-9K for everything.

 

[jedi]

That figure is for everything. From the moment we step out of the house to the moment we come back. Staying on a Disney resort is about 1K per person for 8 days, 7 nights for food, lodging, and transportation. When you are talking about 7 people it does add up.

fyi
no vacation in 2013, 2014, or 2105 BTW

 

[Whitsettd8]

I tell you what you can come to my house for $2500. You can stand outside in the blistering heat for hours on end. I'll be rude to you in every language other than english. I'll have my kids bounce a stroller off your heels every couple of minutes. I'll even charge you $30 for a burger and fries. When your about to break we'll walk across the street to my Mexican neighbors just in time to get a $15 frozen drink.......

 

[jedi]

I tell you what you can come to my house for $2500. You can stand outside in the blistering heat for hours on end. I'll be rude to you in every language other than english. I'll have my kids bounce a stroller off your heels every couple of minutes. I'll even charge you $30 for a burger and fries. When your about to break we'll walk across the street to my Mexican neighbors just in time to get a $15 frozen drink.......

We go in SEP (durning off season) **AFTER** the majority of the kids in the USA are back in school. So the lines are non existent, very few kids (mostly newborns or late teens), mostly newlyweds and retired folks at that time frame. Food is all inclusive in the package so we don't see the cost of it. This is the last one for a while in any case since our youngest will be 5 by then and I have taken each child at age 5 like my parents did before me.

But if I go to your place do I get a token to take home.

 

[hoosierdoc]

I just spent two days at Disney and it was too much, but I lose my patience after the kids don't nap, stay up late, and get up early. We spent two nights at Port Orleans in a standard room, that was $477. Then two days of parks for three paying guests (one guy was 2yo) was another $540 or so plus food. Ugh. They absolutely loved it though...

 

[jedi]

I just spent two days at Disney and it was too much, but I lose my patience after the kids don't nap, stay up late, and get up early. We spent two nights at Port Orleans in a standard room, that was $477. Then two days of parks for three paying guests (one guy was 2yo) was another $540 or so plus food. Ugh. They absolutely loved it though...

The DIS Discussion Forums - DISboards.com - Powered by vBulletin the "ingo" for all things Disney.
Go during SEP and you will love it. Much quieter and cheaper. Get a package deal and just pre-plan all your meals with character dinning or have one of the disney travel companies do it for you (no additional cost) and let them plan all your meals for you. Then you just show up, have your hotel, can get into the parks early (before the general public) or stay AFTER the park closes to the public and use your resort card for your food and never have to worry about anything.

 

[IndyUSMC]

In 2007 the Dow was at 13.895. Yesterday it closed at 14,514. In the middle it was in the 6000s.

That's an 0.8% annual return on your money since 2007 in the market. Or you could have lost 49% if you sold at the dip, or gained 110% if you bought at the low.

It's currently at a historical high despite a shaky US economy and troubling Middle East/n Korea events. Not sure I'd be going long right now.

Hey Doc that's a pretty simplistic view of investing.

Or it could be a completely different number if you dollar cost average and had been putting away $100 each month.

I do agree though that the stock market is probably not the best place to park your money for short term savings like a vacation.

 

[jedi]

I'm trying to figure out how to go to LEGOLAND in FL the next time we are down there. We might have to extend our vacation but that would mean missing more days of school which I'm not sure of. Missing 4 days is enough and we still keep on track but more then that and I just don't know.