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| wallace6 |
 Posted: Fri Mar 25, 2005 1:45 pm Post subject: Start while young |
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Investing Sr. Associate
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| So many people don't realize the importance of starting their retirement account while still young. The time-value of money really adds up. You can actually put a lot less out of pocket money in if you start while still in your 20's or 30's. |
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| nemesis |
| Posted: Tue Mar 29, 2005 4:44 pm Post subject: hmmm |
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Member of the Month! March
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Yeh i agree,.....i am still very young but sometimes i wonder...
But actually banks run alot of retirements scheme so i think i will join one... or do you guys think its an advisable decision to join such a scheme? or are there better ways to do this??? |
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| junsta17 |
| Posted: Thu Jun 30, 2005 8:55 am Post subject: |
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Investing Sr. Associate
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| I wish I had saved while I was young..not that i'm old right now. I just think about all the vain purchase I've made and now I've come to regret it. |
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| chahsiubow |
| Posted: Fri Jul 01, 2005 12:54 pm Post subject: |
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Investing Sr. Associate
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Yeah Jun, sell your X5 and buy one of my integras. 
I'm holding off on the new car phase of my new postgrad era. I plan to start this year (turning 23 years old in 4 days). I'll put as much as I can even if it seems meager. I'll let the power of compound interest do the rest.
I'm also thinking of investing in buying a house. With the way real estate is headed, I can most likely turn a profit. If anything, at least I'd break even and not throw away rent money.
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| junsta17 |
| Posted: Tue Jul 05, 2005 4:30 am Post subject: |
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Investing Sr. Associate
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| Happy birthday William, you youngin. |
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| chahsiubow |
| Posted: Tue Jul 05, 2005 2:44 pm Post subject: |
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Investing Sr. Associate
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| the_menace |
| Posted: Sat Dec 10, 2005 8:16 am Post subject: |
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Investing Associate
Joined: 09 Dec 2005
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I agree. But sometimes putting down payment on a car or a house can also save you interest amount that can be worth more than the interest that savings account gives you.
I love investing so much that its the first thing that comes to mind when I get my paycheck every month. I pay myself first.  |
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| Tdikeman |
| Posted: Sun Dec 11, 2005 9:55 am Post subject: |
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Investing Associate
Joined: 09 Dec 2005
Posts: 25
This Month: 0
Location: ky
13259.89 e$
Net worth: 17,590.37
Portfolio Value: 4,330.48
Monthly Return: -2.32%
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Churn Rate: 0.00%Items
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| i have a question about a roth i r a i have heard mixed reviews but have been told that you can take money for a house or car without a big tax. is that true? and would anyone say someone in there late 20's should start with somethen like that? my main investments so far have been divedend reinvestment stocks saveings bonds and obviouslly could use some advice on the subject |
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| frusnak |
| Posted: Sun Dec 11, 2005 10:09 am Post subject: |
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CFO
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| roth ira's allow you to withdraw money you've put in under some circumstances (not earnings). Check with the brokerage you are setting up with before you decide. |
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| poornewb |
| Posted: Sun Dec 11, 2005 4:06 pm Post subject: |
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Investing Manager
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| when thinking of saving at a early age that is a very good idea. Just dont be afraid to live it up a little. youve got a long ways to go so if like you say you start early youll be in good shape and not have to use so much of your income, like you would if you started late like so many people do. But hey young and saving cool,, just dont forget to spend some while your young also!! |
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| bigdave |
| Posted: Tue Dec 20, 2005 7:16 am Post subject: |
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Investing Sr. Associate
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the younger the better as the longer it has for your money to compound!!  |
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| Im Not Warren Buffett |
| Posted: Tue Dec 20, 2005 4:46 pm Post subject: |
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CFO
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| I'm actually going to agree with poornewb here, if you don't live a little at a time, eventually the urge to spend money extravagently is going to overwhelm you in a bad way. Thats how you end up losing money in the long run. Small treats here and there are the way to go, otherwise you might end up buying a Benz on a trip to get your oil changed (my dad did that over 3 years ago, my mom is still pissed). |
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| poornewb |
| Posted: Tue Dec 20, 2005 6:12 pm Post subject: |
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Investing Manager
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| poornewb wrote: | | when thinking of saving at a early age that is a very good idea. Just dont be afraid to live it up a little. youve got a long ways to go so if like you say you start early youll be in good shape and not have to use so much of your income, like you would if you started late like so many people do. But hey young and saving cool,, just dont forget to spend some while your young also!! |
Were in the heck is the grammer police was the person who wrote this drunk?
Starting early vs starting late
I started hardcore saving and thinking about retirement at 30, If I would of started thinking about it at 23 or 24. I would be able to save about 2 to 3 hundred less a month now.
Of course im on a pretty aggresive goal right now
"Out the door at 54" is my motto right now. |
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| frusnak |
| Posted: Wed Dec 21, 2005 3:16 am Post subject: |
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CFO
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 newb, you are starting to get serious alot younger than most people.
If you own a house, you should make it a priority to pay off early by making extra dollar amount payments each month to the principle. Easy to say hard to do especially if you have children.
 in reguards to your gramar errors, do not worry, warren will correct both of us. |
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| poornewb |
| Posted: Wed Dec 21, 2005 6:07 am Post subject: |
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Investing Manager
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I like to think im REAL serious but I seem to go through lots of hobbies and grown up toys. cars, aquariums, rc cars there for awhile trips to mexico you know the real importants stuff.
One thing is weve been in our house for about 8 years on a 15 year note, wife just had a baby so now it looks like this house is NOT the last house, dang I hate moving. |
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