Post # 1
Besides some small school loans (which I technically do not have to start paying back for 2 years, though I’m starting now), I’m out of debt. Now I’m looking for ways to invest my cash for a larger return in the future.
I’ve listened to Dave Ramsey’s advice about stock mutual funds, though the entire business of investing is confusing. There are so many different routes to take! So Bees, in what ways have you invested? What has your experience been? Any advice for a gal completely new to this world?
Post # 3
@Meglin: Based on my age and current financial situation, I just have a 401k through my employer. I have considered starting a roth but probably will after I’m married. Other than that, I’m too chicken to play the stock market game until I can fully understand it all. I actually had my financial advisor set up my 401k for the simple fact that I didn’t really know what I was doing 🙂
Post # 4
I don’t know how to pick individual stocks or mutual funds.
I use existing accounts (like with a Roth, 457b, 403b, 401a, etc) rather than picking stocks (which I wouldn’t have a clue how to do!) and set it to ‘least conservative’ which means it’s more volatile (stocks versus bonds. bonds are more stable but grow slowly). Within that there’s a lot of different equities, and I usually use the help of my TIAA-CREF guy to help me with that! If time is on your side you don’t have to go with slow growing bonds.
So you’re not alone! I don’t know if I explained that right. I took a class on this once.