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#2 (permalink) |
Non-Rookie
Location: Green Bay, WI
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Well, what are you planning on doing with it? Using it fairly soon, looking to save long term? Do you need it liquid or can you afford to keep this illiquid in exchange for a higher rate of return?
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I have an aura of reliability and good judgement. Just in case you were wondering... |
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#3 (permalink) |
Custom User Title
Location: Lurking. Under the desk.
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As I've said before, booze and chicks. I mean, you COULD spend it on groceries or some crappy Type R stickers for your car, but what would you remember more? That, or a night of drunken debauchery the likes you have never and will never see again?
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#5 (permalink) |
Junkie
Moderator Emeritus
Location: Chicago
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Liquid is will you need to have access to that money immediately -
it's not sexy- -but there are always savings bonds or a money market - the liquidity comes into play here because there are penalties for early withdrawl -
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Free your heart from hatred. Free your mind from worries. Live simply. Give more. Expect less.
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#8 (permalink) | |
Psycho
Location: Philadelphia
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Quote:
I don't know your age but if you look at the ten year number on this fund it is upwards of 10%. In simple terms your money will double every 7 years at that rate. Plus it's not the most aggressive fund in the world, but it's a great place to start. Then just add to it when you can. I would recomend that once you exceed $5000.00 you start to spread the money over more than one fund. This helps to take advantage of whatever is hot in any given year. There are tons of reasons to consider a Roth, but it has been gone over many times here. So if you have any questions PM me. One last thing, you said long term, so don't even consider a money market fund. They don't keep pace with inflation, and if your money would buy a certain amount of goods today, you certainly want it to at least be able to buy those same goods in the future.
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#10 (permalink) | |
Location: Canada
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Quote:
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Tags |
cash, extra |
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