right now I have a lot of other expenses that have to come first, but in the next year or so I’d like to start investing
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More "How I Did It" stories
inneedofinspiration is a Money Managing Extroverted Reinventor (like 15%)
How I did it: I talked to my friend who has been working longer than I have. She talked to her friend that's a financial investor and had been putting her money in a tax shelter. I basically copied her and put in as much as I could afford. I currently live at home, so I put about as much as I would in rent into the same company she did. Read how I did it…
How I did it: I'm a student, so I only worked this summer before going back to university. I carefully budgeted my year to figure out how much I could afford to put aside, and put it in my savings until I turned 19 this September. Then I dragged my Dad to the bank to set up a stock portfolio, and transferred my savings in! I know I can stick to my budget this year without having to dip into what I've invested because I took all my possible expenses (Ch… Read how I did it…
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I now have a job but they want you to be there a year before you can do the whole 401k thing. So this one is on temporary hold!
A fish with many fins is going to find herself again
I placed a short-term time deposit in a rural bank yesterday. I’m aiming to maximize me income potential: a balance of active and passive income.
refreezer is stressed, out of balance, and feeling much better
stumbled into the possibility of taking a share of the house I’m living in – so putting off buying a car for a few months to plough some money in to this house deal. I have to be a bit smart to get into this with good conditions and risks so I can get out relatively soon with a reasonable profit, and not have it just become a big albatross. I should be able to save at the same rate and soon have enough to start investing in more things – starting easy with index funds, and moving on to shares &c later.
A fish with many fins is going to find herself again
This is my goal for the year. When my beau comes home, I’m going to buy dollars and invest it in Vanguard.
I’m glad I waited until the inauguration! I knew yesterday would drag the markets down. I have to optimistic about the markets going back up because what else can I do? I’m ready to invest!
Inwestowac w mieszkanie, fundusz emerytalny, fundusz posagowy, studia MBA, dom drewniany, zdrowie
refreezer is stressed, out of balance, and feeling much better
Blah. Savings plateaued. The plan was to ratchet up by shifting savings to a term account $5000 at a time as I save, but after the first $5000 I hit lots of expenses – some of them a bit frivolous. Time to start calling in the cash: sell stuff, cut down on expenses and claim what I’m owed to get things moving again.
The markets right now are not stable enough for me to put my money in them. I will wait until 2009 for this, after Obama is in office and see what happens. I’m not too optimistic though since the government keeps messing with everything. Bailouts = bad!
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Ask for advice: Get help from people who've accomplished this goal
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9king asks,
“how much is a down payment on a mutual fund and do you make monthly contributions to your funds also is taxes that bad i rather ask a person who has experience with this instead of a broker”
— 9 months ago |
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fanboy asks,
“Do you manage stock investments inside a retirement account (Roth, IRA)? Are you happy with your broker?”
— 17 months ago |
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fanboy asks,
“which broker do you use, and how much do trades cost?”
— 19 months ago |
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