Comments on: A Little Bit of Investment Knowledge Goes a Long Way

By: Learn the basics of investments with ABCs of Investments

Learn the basics of investments with ABCs of Investments — Tue, 28 Oct 2008 08:56:00 +0000

[...] or they are perhaps too scared by all the terminology and don’t know where to start. Even a little bit of investment knowledge goes a long way – whether someone is a do-it-yourself investor or dealing with an [...]

By: Daily Links: Free Quicken Edition ? Get Rich Slowly

Daily Links: Free Quicken Edition ? Get Rich Slowly — Wed, 15 Oct 2008 00:14:11 +0000

[...] up, Lynnae at Being Frugal writes that a little bit of investment knowledge goes a long way. Amen. I wrote yesterday that education is the most essential component of any investment plan. [...]

By: AJ McCreary

AJ McCreary — Tue, 14 Oct 2008 17:09:54 +0000

Great information! I have been thinking about talking to a finacial planner. I feel a little bit more informed. I especially like the advice to learn slowly! When it comes to money it feels like its all or nothing, you really gave us in between folks some strong and stable useful information. Another site that has helpful money info is http://current.pic.tv/. They are doing a 3 story series on getting out of debt, which may be helpful to people coming here that might not be ready to commit! Anyhoo thanks for the great info! I will be back soon to read more!

By: JW

JW — Thu, 09 Oct 2008 18:45:55 +0000

I like the advice to start learning about investing even before you are ready to do it. In fact, I used to pick up personal finance magazines when I barely had enough money to buy them (sometimes I just read them at the college library). When my friends asked what I was doing I told them I was learning about money so I would know what to do with it when I had some!

By: Greg

Greg — Thu, 09 Oct 2008 16:51:40 +0000

Debt
Pay off debt as quickly as possible. Most debt costs more than the return on any investment. 10% per year is considered a solid return on investment. Most consumer debt costs 12% to 18% per year.

Investment
The benchmark is Treasury Bills. They are risk-free. Any investment that has risk must pay more.

Invest in a index fund (S%P 500 or Dow Jones). Read http://www.reuters.com/article.....9820070507 for Warren Buffet’s take or read The Motley Fool. You can get a fund that has a low cost, no commission or maintenance fees, and gets a better return than the vast amount of managed funds in the market.

Invest regularly. By investing a set amount on a regular basis, your investments are not affected by the ups and downs in the market.

Do not invest in anything you do not understand.

Do not “play the stock market.” That is gambling. Go to Vegas instead.

Read http://www.fool.com/mutualfund.....urce=InvAg

By: Duncan

Duncan — Thu, 09 Oct 2008 16:27:42 +0000

Hello!

Thank you for using my photo. If possible please provide attribution for the image as per: http://flickr.com/people/thelastminute

If not that’s cool too. Take care.

By: BSCC

BSCC — Thu, 09 Oct 2008 16:03:46 +0000

I think the key thing here is knowing that investing money needs to be a priority to produce future income. Whether you’re on a hard-core budget or just casually monitoring your spending, it’s a necessity to look in the future and ask yourself, “How am I going to life comfortably after I retire?” Good post!

By: Marci

Marci — Thu, 09 Oct 2008 15:20:26 +0000

Good advice for those wanting to start getting their feet wet in investing. Or those just wanting to research it right now while waiting for the right financial time.

By: Meg

Meg — Thu, 09 Oct 2008 15:13:24 +0000

What a good idea – learn a little bit at a time to get ready.

By: Momma

Momma — Thu, 09 Oct 2008 12:32:48 +0000

Thanks for the link and the post Lynnae! I have added the ABCs of Investing to my feed reader and look forward to learning more about investing, as we get closer to being out of debt.

Hope the settling in to the new house is still going well!