 If you had $1000 to invest, where would you put it? |
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Additional Details
I'm not going to add details, because I am genuinely interested in any answers to my question.... |
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 Investing question? |
I am kid with some money.
Instead of spending it on all this crap that others kids today I am going to invest it.
Any reccomendations, and why?:
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Dear Sir/Madam.
We are delighted to congratulate you over your email success in our computer balloting sweepstake . This is a Computer program in which cooperate and individual email ... |
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can i just buy some stock online? and watch it grow online without reading the newspaper? lol i don't know anything about stock.. :)
Additional Details
i want to invest in stock? is ... |
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sweetness 24 | How much money should you save from your paychecks for emergency money? |
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robbie
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deuce017 has it.
Invest that 10% and get used to not having it, make it an automatic withdrawal from your paycheck.
Start in your 20's and never,never break into it, especially when you are hurting for bucks.
One of the best pieces of advice that I heard as a young man was...
"It doesn't matter how much money you make, its what you do with it that counts"
I have personally seen that happen.
Young couples with great jobs and excellent incomes, go nuts on big houses, BMW's, Lexus, cottage investment and renovations, big expensive vacations.
Then "oh my God"
a) she gets pregnant (50% income reduction)
b) One or both lose their jobs. (not an uncommon occurrence these days)
c) They get divorced.
By the way, a, b and c are more common than not. |
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webworm90
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I found out not drinking pop will save you a lot of money. Put the pop money aside and you will be surprised what you will have at the end of the year. It very hard to give up pop. |
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Shikibeeks
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It depends on what you can afford to put aside for emergency money. Put aside what you can be it ten dollars or fifty dollars, the more important thing is that you put away something. |
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liljomo1234
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Let's see...you get taxed 30%.....You can put from 6% to 12% away for your 401K. That leaves you with roughly 60% left. I usually take 5 to 10% into my own savings account.
Good Luck and KEEP SAVING!!! |
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Thundercat
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Your emergency money depends quite a bit on how quickly you can find a job. If your profession is in high demand and you can find a new job in a month or two, then maybe 3 months salary is enough. But if you are in a low demand job and might take 12 months to find a job, you'll need more money. You have two options to save...
Set a goal of X dollars and save as much as possible until you reach it (maybe 15-20%).
Or you can do it over a longer time period and put away about 5% until you reach your goal. The best is to set up some automatic transfer or payroll deduction. Keep the money liquid (money market). There are online banks which offer 4+% on savings like ING direct, Emigrant Direct which is a very good place to store money (FDIC insured). It usually takes 2-3 days to transfer money electronically, but that also prevents you from take a few dollars here and there for impulse purchases. |
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sway_ii
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They say you should have 3 months pay saved up. |
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Campbell Gramma
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your " emergency stash " ...should cover 3 to 4 months of expenses... |
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Stacey b
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$50.00 |
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deuce017
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invest 10% of every paycheck, in long term mutual funds, make you a millionaire in 30 years, np. With the compound intrest. |
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endsjustmeans
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You should save about half of your remaining money after all bills are paid. You should have saved 3-4 months of your salary, preferrably in a seperate savings account that requires a passbook to discourage you from using it for anything else. |
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INACTIVE
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It all depends on how much you CAN save. If you have credit card debt, pay that off first. If you are debt free, save whatever you can. Professionals in financial advice recommend having savings equal to at least 8-12 months of expenses in the event of job layoffs considering how long it takes to find new employment. But, if all you can save is 2%, 5% or 50% of your paychecks, then save that. Anything is better than nothing but only you know your wants, needs and what constitutes an emergency. |
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Flamingo
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At least 10 percent. |
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