What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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I like www.freestockcharts.com you will have to load the mutual funds (it's literally just clicking a box).
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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is the lease on the gti officially in your name? or is it in your dad's name still, and you're just making the payments?
make sure it's under your name and pay it timely, so that it helps build...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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First thing, good job on thinking ahead and being proactive about your finances. That being said, I'm suspicious of your numbers:
Income:
With the spending you have above, you have...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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As far as my future career goals, I haven't put much thought into that other than saving up money to start my own business. I don't have any visions of having a family anytime soon either. Thanks...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Congratulations on your decision to become an entrepreneur.
What influenced you to consider becoming an entrepreneur?
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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I'm sure you've heard this before, but VW has a poor reputation on reliability...I wouldn't touch a 7-8 year old VW with a 7k dollar pole :)
That being said, I almost bought a new tdi. Not as...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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It was a Federal Student Loan which I got when I attended a public state university last year but school didn't work out for me so I'm just working right now.
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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I know, but I couldn't find a linear graph for total return. (the log graph came from Morningstar.) Do you know any place that has them free?
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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What are your career and family plans near term and long term?
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Stay away from financial sales people, including those who say they're not sales people but tell you they're advisers, brokers, consultants, or planners.
Read the John Bogle (Vanguard founder)...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Thanks!
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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I would pay off the loan right away with your savings. You'd end up saving more in the long run if you have 4.5 interest.
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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agreed...also you can export the data from the chart directly into excel...so it is a great little website.
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Thanks. Finally a reason to install Silverlight.
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Also know that the average investor, even the well educated investor can not consistently make money buying small volume shares in single companies and time the market on when to sell. The average...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Your second graph is crap because of the scaling. It's meant to fool the average person who doesn't know how to read a chart. Stocks outearned the best bond portfolio by over 2.5 times, yet just...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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LiquidRetro, it was a Roth IRA that I opened up. As far as my calculations, I may have been a little bit off not counting entertainment but the thing with the car is that my dad pays for my insurance...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Im probably the minority here, but I would sit on it in the bank. Investing sounds good but with the market volitle, it might not be the best idea. You are young and dont have a lot of liquidity....
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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I've been working as a commissioned sales associate at a retail computer store earning around $1800-2400 a month after medical and taxes. In May its going to be a year I've been there. My expenses...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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Are your student loans private?
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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OK, good. Keep paying on that as agreed without putting any extra into it.
Regarding your retirement:
First, read this easy-to-understand guide to investing for your retirement. This should...
What to do with my money? (20 Year Old)
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Thread created 03-03-2012 by ReviveD
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If they include marriage, than double or triple all financial figures while you're still single and still have a fighting chance. :hug::eek:;)