Tilted Forum Project Discussion Community - View Single Post

denim · 05-12-2003, 01:42 PM

Fair enough.

I finally got out of debt last month, and couldn't stand to see my savings account accrete with the stock market at a low (IMO), so I opened a funds account and a brokerage account with a major company.

I put $4K of the initial $5K into an index fund, and the rest into a money market, with the idea of going into the stock market. Then, the week before Apple opened its music business, I bought in. Total, I got 100 at $13.44, so things are looking nice. I also bought another computer company which is at what I expect is a low, which simply can't get much lower, and with the amount of money that I could lose it w/o being too concerned.

My current plan is to pay off the credit card each month (my major debt) and put the excess into some financial vehicle. The coming payday check will go into savings, as I'm not happy with that just yet, but other checks will go into funds, both ones I've already got and others.

I also have an active 401(k) with my current company and a RO IRA, but those are inviolate other than how the money is currently arranged in them.

So, what do you think of this? Any general suggestions?

05-12-2003, 01:42 PM	#25 (permalink)
denim Banned Location: Massachusetts, USA	Fair enough. I finally got out of debt last month, and couldn't stand to see my savings account accrete with the stock market at a low (IMO), so I opened a funds account and a brokerage account with a major company. I put $4K of the initial $5K into an index fund, and the rest into a money market, with the idea of going into the stock market. Then, the week before Apple opened its music business, I bought in. Total, I got 100 at $13.44, so things are looking nice. I also bought another computer company which is at what I expect is a low, which simply can't get much lower, and with the amount of money that I could lose it w/o being too concerned. My current plan is to pay off the credit card each month (my major debt) and put the excess into some financial vehicle. The coming payday check will go into savings, as I'm not happy with that just yet, but other checks will go into funds, both ones I've already got and others. I also have an active 401(k) with my current company and a RO IRA, but those are inviolate other than how the money is currently arranged in them. So, what do you think of this? Any general suggestions?