- participate in compounding growth of bond and stock market
- invest money regularly
- fool.com free mag?
- cds are ideal for short term money savings (five or less years)
- buying cars
- 1) test drive
- 2) pick car but dont buy
- 3) get negotiation on paper, itemize all features and costs
- 4) work dealers against one another
- ✔ do not rely on social security
- ✔ “if you fail to keep track of your checks and current balance, you might end up bouncing a check” (i.e. - dont spend money you dont have, even if someone hasnt cashed checks yet)
- ✔ dont carry much cash
- ✔ track inflows and outflows of money in a notebook
- ✔ no credit card, debit card with low limit
- ✔ avoid cards with annual fees
- threaten to move debt to cards with lower interest rates (credit card)
- keep threatening and negotiating
- don't invest in only one or two companies in the stock market, have 7 investments in case a couple fail, to still retain and gain money
- “many times someone at a brokerage firm will make it extra difficult for you to open an account or will try to tell you to wait until eighteen- have a lot of confidence and do not back down”
- investing in index funds will take little time and energy- only need to add money periodically
- well known brokerages: american express brokerage, ameritrade, e*trade, fidelity investments, merrill lynch, quick & reilly, charles schwab, morgan stanley dean wittier, td waterhouse
- questions to ask brokerage:
- only online or physical branches too?
- minimum amount?
- investing charges?
- roth ira > traditional ira
- qualified tuition plans (gardner 141)
jun 16 2011 ∞
dec 26 2011 +
