Invest

i earned 24cents on the stock market lol

I finally set-up direct deposit for my paycheck at work! I have no idea what took me so long. While this isn’t investing, it is a start to getting in touch with my money.

I’ve already setup an deposit account.

Every month I will reinforce this account automatically with 5% of my income!

OK first, in first place.

I already have a stock account setup.
Now I will ask my bank the costs associated with stock operations.

Last week I availed of an insurance company’s asset management program. Sure it will be invested in bonds and some stocks but I wasnt really satisfied with their explanation. But then I still availed it. I would need to pay about $2,000 every year for 5 years and wait for 20 years. This is part of my retirement money.

Today, being superstitious—8/8/8. I decided to put about $6,000 in a short-term time deposit in a rural bank. Their rate is 1.5x bigger than of a commercial bank’s. I’m thinking hard now about their 12% rate for 5 years. Very tempting.

My next project is forex and real estate. I’ll study these fields well. Hope I’ll get successful.

So with the new job, I’m immediately vested and, if they count my time with JU, they’ll start putting in 8% for my 4% right away, rather than waiting a year! I need to talk to the fund folks to determine how I want my portfolio to be balanced, but the money for June to present will come out of my September check. I want to talk to the financial planner to see if this investing is enough, or if I should also try to sock away more in a Roth. That’s after I get the $5000 in savings (or a CD?).

Aug 03, 09:03PM PDT

Divert some income into a separate account outside of your standard checking account. Have it divided into the stock and Roth IRA accounts that you’ve set up previously. Auto deduction is key.

But I invested in the markets lol my parents are so into that sort of stuff so I figured I might as well try it

Term deposits look pretty good at the moment as a hassle-free way to get a bit of interest on savings, whereas buying a house would be a very bad idea right now. According to my back-of-envelope, renting and putting savings into a term deposit would grow my savings much faster and more reliably than buying a house. Once I’ve got a bit of cash accumulating nice safe interest, I’ll look at more risky things to invest in.

I’m still waiting for my money from the bank… In a matter of hours my investment will sleep in the money cradle and wake up wealthy in 8 years!