(Closed) What have you Bees invested in?

posted 6 years ago in Money
Post # 3
Member
57 posts
Worker bee
  • Wedding: September 2013

@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
Member
6123 posts
Bee Keeper
  • Wedding: August 2012

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.

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