Tuesday, January 23, 2007

Investments? What investments!?

I am finally starting to feel my age because I have started to be quite serious about investing in a future. For the past few years I have pretty much brushed all that talk off thinking: "I'm just getting started here, why worry about that stuff?" And now I am starting to see a few reasons.

In my independent self-employed state, I have no 401K, no retirement funds matched by someone etc. Quite frankly it's scary. It's scary to think that I was happy to sit back and not worry about it because I'd have time and James. But not to be morbid, but things can change suddenly and then what? Any security through James is not necessarily security for me. We have to have a better plan.

Unfortunately, I hate research and reading things that aren't so clear and desperately wish I had a financial consultant who really didn't want my money but just wanted to help me out, so that I could have a clue about what to do. It's in the overwhelming stage right now where I know a few terms here and there and that's about it. Roth IRA, traditional IRA, CD's, Mutual Funds, Stocks. I sort of get a basic picture but then I don't know what to do with it. Who knows this stuff and isn't a stock broker or something equivalent in the investment world? I'm on the look out for a savvy investor to hook me up with some good advice and some high earning something or other. I don't want to wake up one day with $26.50 in a checking account and nothing else to my name. so this is what it's like to be 26. Joy.


Random thought of the day: who invented eeesht? And what does it have to do with a chin? And why does it translate to guss, bounce, shneide and who knows what else? (if this looks like a foreign language to you, you probably did not grow up in Zimbabwe...)

1 comment:

Unknown said...

#1. start a savings account, have at least 3-6 months living expenses stashed (I'd suggest ingdirect.com cause they give you almost 5% interest and you can get to the money in under a week)
#2. start an account just for your IRA. The max contribution is $15,000 per year. Can't do that, do 10% of it, $125/month. Do it as an automatic withdrawal from your bank account, you'll never miss it.
#3. There are some investments for as little as $500 - $2500. We can discuss next time.
Lata!