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Investing. How/where/huh?

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Old 01-29-2004, 02:31 PM
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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.
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Old 01-29-2004, 02:47 PM
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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.*
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Old 01-29-2004, 03:47 PM
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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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Old 01-29-2004, 04:12 PM
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Investing for Canadian for Dummies! It's all you will ever need.
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Old 01-29-2004, 05:56 PM
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Originally posted by DWVW:
Hmm, I would do what Wade does, whatever that is [img]graemlins/dunno.gif[/img]
o ya...totally forgot about that one.... ....maybe Wade will tell us [img]graemlins/deal4u.gif[/img] ..........................maybe not [img]graemlins/dunno.gif[/img]
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Old 01-29-2004, 06:05 PM
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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)
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Old 01-29-2004, 06:37 PM
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^^^^ 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
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