Well I'm somewhat back on track for the month. I did go and purchase Quicken 2007 Home and Buisness as I've needed some good accounting software and since the wife is starting her own massage buisness I figured I would go with what I wanted to use. It is great for what I have figured out all ready, now to figure out all the little stuff. Tracking our 5 personal accounts and her 1 buisness account from 1 page is great. Now to find a place to invest some money. Anyone have an ideas? I will start investing after the first of the year as to make sure I don't get laid off (I work construction). I need to find the best method of starting out with a couple of small investments of around $1k. By the end of next year I plan on setting up a Roth IRA for both the wife and I. I'm leaning toward the Vangaurd Retirement 2030 for my wife and
the Vangaurd Retirement 2045 for me. They look like easy to run investments and I would like to invest a little more else where as well but not sure where to go with it. If anyone has any good ideas on investment I would love to hear them as I'm reading all I can to find the best places to invest. Thanks for the wonderful site and the great blogs.
Craig
Somewhat back on track
November 5th, 2006 at 03:20 am
November 5th, 2006 at 04:33 am 1162701199
My suggestion is to make sure that if those are mutual funds that you also have some money aside for emergencies (not all your eggs in one basket)
November 5th, 2006 at 05:11 am 1162703493
Remeber to diversify your investments. I also suggest using indexing and dollar cost averaging. I also recommend you do some homework at the library and on the internet to learn a bit more about finances and investing.
Vanguard is a good place to start because they are fairly inexpensive and they have a goodly number of products!
November 5th, 2006 at 06:50 am 1162709448
November 5th, 2006 at 12:51 pm 1162731100
2 - Chcking accounts locally
1 - Savings account locally
1 - ING Direct w/ less than $500
1 - Emigrant Direct w/ less than $1500
Time to start some research, also what does it cost to open up a mutual fund?
November 5th, 2006 at 12:57 pm 1162731443
Besides Vanguard just to give you some contrast look also at Fidelity.
Do not be thwarted by the small beginnings - lots of great monumental things start out with the small steps! You did not learn to walk in a day, much less run. Consistency is key.
November 5th, 2006 at 03:35 pm 1162740948
November 6th, 2006 at 02:25 pm 1162823125
Once you have roughly 6 months of living expenses covered (but feel free to save more!), then I would focus on something else, such as Vangard's target retirement or a Roth IRA.