Quote:
|
Originally Posted by JinnKai
I just looked at my first post, 06-16-2005, 02:29 PM.. thats coming up on a year ago already.. and I haven't done SHIT as far as investing goes. Thanks for the replies, it reminded me that I need to do something with it..
I need an automatic way of doing this. I made well over $1000 / month to spend, and I usually end up pilfering a ton of it on useless shit. Anyone know a way I can have it automatically withdraw something like $500 / month -- and into something with high yield in 5 or 10 years? I'm apparently too lazy or irresponsible to remember to do it myself.
|
Most mutual fund companies have an Automatic Investment plan that will allow you to have a set amount automatically invested each month. Some will take it right out of your paycheck, while others will draw from your bank account each month.
There is also the option of having a 401k or company stock, that can be withdrawn automatically monthly, but I tend to advise against loyalty based investing, and instead advise researching and investing in companies or funds that truly interest you.