People make decisions that undermine their goals every day. |
Right now you want to get your feet wet and have a nice diversified portfolio of stocks that is going to be around for a while. |
The bright side is you're getting good companies at a fraction of the cost. |
The key is you don't want to pick something too wacky, like a sector fund, or something too aggressive. |
The longer you leave it in checking, the more likely it will vanish. |
The trick is staying in the game. If you opt out, you lose. |
There's no Plan B. So you're a little more exposed. |
They don't realize compounding works both ways. It makes you rich when you're investing and it makes you poor when you're spending. I know people don't want to hear it. When you're young, you're invincible. |
Think about where you want to be in a year or two, then plot out the steps you need to take to get there. |
You'd be amazed how many people have credit problems. |
You're going to have to work with what's there in your 401(k). With your IRA, you can get creative. You're going to fill in the gaps. |
You're going to have to work with what's there, but if all of the choices are bad except one, just take that one. |
Your federal return usually is going to be the driving force. |