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My insurance is dropping by $50 on my next birthday, so instead of buying penny whistles and moon pies with the extra cash, I thought I would put it into something that might actually do me some good. I've gotten a lot of info from my banks's website and other research, but I want to know what other people are/have invested in. I don't want to think about this every month, just have money deposited into it each month for 10 years or more. Just looking to put in that $50 each month for now, but will most likely boost that eventually.
Just wanted to get some thoughts from you guys before I talk to an advisor who stands to make a commission. |
Read the Wealthy Barber, its a great book about investing.
My parents met the author of the book on Wedensday and they got tips to make me rich. [img]tongue.gif[/img] I read the book years ago and I remember that compound interest is key. put $40 a week away into mutual fund? Let it sit 10 yrs, and you will be pretty well set apparently. *Must go read book again.* |
Hmm, I would do what Wade does, whatever that is [img]graemlins/dunno.gif[/img] ;)
[ January 29, 2004, 04:33 PM: Message edited by: DWVW ] |
Right Bryce :D
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Maybe He'll share his secrets with me. I think you should start a web site of installs, like damnloud.com and sell an ad on it. Shhhh! It's a secret. [img]graemlins/deal4u.gif[/img]
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Investing for Canadian for Dummies! It's all you will ever need.
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Originally posted by Zutronius: Read the Wealthy Barber, its a great book about investing. My parents met the author of the book on Wedensday and they got tips to make me rich. [img]tongue.gif[/img] I read the book years ago and I remember that compound interest is key. put $40 a week away into mutual fund? Let it sit 10 yrs, and you will be pretty well set apparently. *Must go read book again.* livin loud |
Originally posted by DWVW: Hmm, I would do what Wade does, whatever that is [img]graemlins/dunno.gif[/img] ;) |
Another good read is "Rich Dad, Poor Dad"
MF's are a good place to start, build them up for a few years and get into something else.... Also, don't spend your life working for someone else, get out there and do your own thing. It took me a few years to get there, but it's paid off (and I'm only 26) |
^^^^ I have that "Rich kid, Poor kid" one [img]smile.gif[/img]
have barely gotten into it so far, but seems like a good read aswell :cool: |
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