Fool.com: 6 Investing Lessons Learned [Commentary] September 29, 2003
User ID: flexo[at]fiveandtwenty.com
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.
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.
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.