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SVTPerformance's Chain of Restaurants
Road Side Pub
Investing to make my money work for me!
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<blockquote data-quote="JPD5801" data-source="post: 14069962" data-attributes="member: 41298"><p>What you, and most in that thread, do is not investing. It is speculating. There is a huge difference.</p><p></p><p></p><p></p><p>OP - if you don't have the time or desire to research and or follow the market, your best bet would be a target date fund offered through a mutual fund company. It allows immediate diversification, low cost, and will automate a disciplined investment process. Those items, plus how much you contribute will be the primary drivers of how well you do. Contrary to what others may tell you, trying to pick the winners or time the market is incredibly difficult to do consistently over long periods of time.</p><p></p><p>You can open an account online, and set up a link with your checking account to transfer money. They are based on retirement at age 65. So, take your birth year, add 65, and pick the fund that most closely targets that number.</p><p></p><p>Also, as you start to save, start by using a high yield savings account and stock pile enough cash for 6 months of bills. That way, if you lose your job, you'll have time to look. Also, it will help if you have an emergency expense.</p></blockquote><p></p>
[QUOTE="JPD5801, post: 14069962, member: 41298"] What you, and most in that thread, do is not investing. It is speculating. There is a huge difference. OP - if you don't have the time or desire to research and or follow the market, your best bet would be a target date fund offered through a mutual fund company. It allows immediate diversification, low cost, and will automate a disciplined investment process. Those items, plus how much you contribute will be the primary drivers of how well you do. Contrary to what others may tell you, trying to pick the winners or time the market is incredibly difficult to do consistently over long periods of time. You can open an account online, and set up a link with your checking account to transfer money. They are based on retirement at age 65. So, take your birth year, add 65, and pick the fund that most closely targets that number. Also, as you start to save, start by using a high yield savings account and stock pile enough cash for 6 months of bills. That way, if you lose your job, you'll have time to look. Also, it will help if you have an emergency expense. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Investing to make my money work for me!
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