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Investing

December 26th, 2007 at 08:18 pm

I am going to use my existing Share builder account to begin investing.
I am looking at maybe bonds or ??.

There are a lot of things I do not know about investing, but I do want to make some money so in 3.4 years.
By then,
I would like to have (total invested) 20-30K,
so I need to do some research now.

Posted in Investing | 4 Comments »

4 Responses to “Investing”

  1. Amber Says:
    December 26th, 2007 at 11:04 pm 1198710269
    1198710269

    Good for you and good luck. I was actually thinking about signing up with sharebuilders through ING, how do you like it?

  2. Frugalicious Says:
    December 26th, 2007 at 11:31 pm 1198711901
    1198711901

    I originally signed up for Share builder to get a 90
    Costco Cash Card (promotion), so I am limited in using their services.
    Did some reading today on the forum, and discovered that sharebuilder may not be the best one to use.
    So confusing!!

    So, for now I will continue saving money to the MMA and keep researching.

  3. Broken Arrow Says:
    December 26th, 2007 at 11:39 pm 1198712349
    1198712349

    I find that the first step is to actually figure out what is it that you want to accomplish.... You know, beyond just "want more money". Big Grin Because figure out that first step can and will make a world of difference on how and what you invest.

    Taking myself as an example, first, I knew I wanted to have enough money by the time I retire. For that, I took the usual long-term retirement investment strategy using 401ks and IRAs.

    However, after that, I would like to build up money that will pay me passive income on monthly or quarterly basis. For that, I have to follow dividend yield strategy, and have to endure taxes....

    But see how the two are very different from each other? Again, how we end up investing depends on what kind of goal we have in mind.

    For 3.4 years though, we're definitely talking about short-term investing, and to meet a certain milestone, I'm pretty sure we're talking about pursuing growth. That should also help you be as tax-efficient as it is possible.

  4. Amber Says:
    December 27th, 2007 at 10:24 pm 1198794260
    1198794260

    thanks for the tip

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