Investing. How/where/huh?
#1
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.
Just wanted to get some thoughts from you guys before I talk to an advisor who stands to make a commission.
#2
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.*
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.*
#7
Guest
Posts: n/a
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.*
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
#8
Originally posted by DWVW:
Hmm, I would do what Wade does, whatever that is [img]graemlins/dunno.gif[/img]
Hmm, I would do what Wade does, whatever that is [img]graemlins/dunno.gif[/img]
#9
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)
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)