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September 2003

Six Tips For Investing Beginners

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Fool.com: 6 Investing Lessons Learned [Commentary] September 29, 2003
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Matt Richey leaves us with some advice he has learned over the years. This is beneficial for anyone who wants to enter the stock market. Most people go in blindly, buying stocks they don’t really know much about. Matt emphasizes the importance of knowing details about the financial aspects of the company.

MSN Money – Are you on track to retire rich?

According to their charts, you could say I’m on track. The issue I have with this, however, is they use $1,000,000 at retirement as a goal. However, by the time I retire, due to inflation and to increasing life expectancies, $1,000,000 is not going to be enough to retire on.

I don’t think I could see myself fully retiring, anyway. It’s so far away from me, who knows whether I will want to stop working. If I am getting a great satisfaction from my job and I am still capable of doing it, I may not go until I am forced to, at which point I might just find another similar job. It’s too early to tell what I will want at that point of my life.

Which Degrees Are Worth It

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MSN Money – Is your degree worth $1 million — or worthless? – Saving for college

Find out which degrees and fields pay off, based on average amount spent obtaining the degree and average increase of lifetime salary. You’ll probably be happiest, though, if you don’t dig yourself deeply in debt for a field that traditionally doesn’t pay well. Make sure the size of your investment, in time and money, bears some relation to your eventual reward.

Financial Update

This article was written by in Monthly Update. 3 comments.

It’s been a while since my last update. I’m afraid I haven’t been able to save much with my move.

  July 16 September 12
Cash Accounts: $ 9,825 $ 11,417
Taxable Investments: $ 2,722 $ 2,795
401k (Pre-Tax): $ 6,127 $ 6,846
Roth IRA: $ 150 $ 485
Credit Cards: ($ 447) ($ 2,816)
Student Loan 3.97%: ($ 3,913) ($ 3,714)
Home Inventory: $ 6,784 $ 7,659
TOTAL $ 21,248 $ 22,672

It’s not a vast improvement. That credit charge, once again, is for apartment related items. 1% of everything charged in the card will be refunded to me, and I pay the balance off at the end of the month, so I never pay any interest on it.

Think Our Generation Has It Better Than Our Parents?

by Luke Landes

Are you worse off than Mom and Dad? This article upsets me. Salaries do not increase enough to keep up with costs of housing and education, which increase leaps and bounds over inflation. Even if you compare today’s two-income houseold with a one-income household from thirty years ago, today’s family can afford less. It upsets ... Continue reading this article…

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The Lesser of All Evils: Mutual Funds

by Luke Landes

The Bottom Line: Why I’m sticking with funds – Sep. 8, 2003 There have been stories in the news lately of mutual fund managers taking part in some unfair practices. In one case, some traders were allowed to purchase or sell shares of a fund after closing time at the day’s price instead of at ... Continue reading this article…

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Is The Financial Degree Woth It?

by Luke Landes

Do graduates of economics and similar courses have an edge over the layman? When it comes to investing, the results aren’t clear whether one is more successful with or without a financial-related degree. That’s probably true in most facets of life. However, the degree can help the initial success come a lot sooner. The author ... Continue reading this article…

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