Re: Anyone want to talk stocks and retirement?
Wow....tons of info. Medford....here is a little background
35 years old
Wife and kid..teenager
I have a pers and a deferred comp program for retirement right now
The 100 dollars is basically what I have that is not put in savings, it's kind of what I call my monthly waste money....after everything is all said and done each month I usually find an extra $100 in my checking account.....that why I wanted to start with that...that way if I lose it all on stupid moves I won't feel so bad....I could do more but I am not comfortable doing that at this time, maybe when I learn more and feel a little better about investing I might add to that number, just not at this stage in the learning process...
I will however start with talking to my HR people and see if I am taking advantage of all my options at work before I start to invest anywhere else. I agree that is smart. I have no issue talking to them and sounding dumb, trust me.....I have spent 15 years not knowing where my money goes, the only embarrassing part is not doing this sooner.
Keep the advice coming. I studied some online sites about drips last night.
Oh yeah, I did the Dave Ramsey class through my church....great program, lots of common sense stuff that most people don't consider but his program is great.
We have a mortgage and 2 small credit cards that don't even equal 1k....we pride ourselves on little to no debt....we own both vehicles. We have a small savings account that we have for our teenager for college.....it's under 20k and I refuse to touch that unless it's a guaranteed program.
Any other advice is great.....keep em coming, I will watch this thread daily.