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Thread: Investment Ideas
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10-15-2013, 06:53 PM #1
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Thanked: 1371I agree that a mortgage is a little different.
Most other consumer debt, IMO is best to elminate before investing in anything with a lower return.
Even when considering potential future gains of an investment, there is a lot to be said for not having that debt hanging over your head.
If life happens, it's nice to not have to worry about those things.
I learned this the hard way.
I had to pull money from most of my investments, and lost most of my gains.
Meanwhile, the interest on my debt continued to rack up.
Strange women lying in ponds distributing swords is no basis for a system of government.
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10-15-2013, 08:26 PM #2
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Thanked: 172At 23 time is on your side for stock investments. Now I deversified by using mutual funds and going kind of risky in the earlier years and and got more conservative as time went on.
Also, if you look there are funds that are retirement funds that do this for you. You pick a time frame and the balance of the funds change as time progresses.
Another route I also took was using the Bob Brinker's "MarketTimer" magazine here:
Bob Brinker's Land of Critical Mass : bobbrinker.com Marketimer © Moneytalk Bob Brinker
I did very well following it's suggestions and also reading on the website.
I started at about your age with about the same amount, am now 62, retired at 55, and live very well on my investments and ,hopefully still have Social Security.
Good luck on your endeaver. Steve H. [Paco }