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SVTPerformance's Chain of Restaurants
Road Side Pub
Any Dave Ramsey fans in here or financial gurus? Need advice..
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<blockquote data-quote="mammothcar1" data-source="post: 16132633" data-attributes="member: 46618"><p>1st of all, congratulations on being proactive and involved with your investing and thinking about your future.</p><p></p><p> My first recommendation would be to buy 'The only investment guide you will ever need', by Andrew Tobias.</p><p>It was written in 1978, and has been updated many times. It's an easy read, but he answers a lot of the questions about investment vehicles that you will start to become aware of as you learn about investing. This book would compliment your education with Dave Ramsey very well.</p><p></p><p>-Learn the difference between 'no load' and 'load' mutual funds. Always, always, always ask how much this investment is going to cost me. Nothing is for free, but paying .025 is much better than pay 5.0 per dollar invested. </p><p>-There are retirement options similar to a 401k for people whose company doesn't offer a retirement plan.</p><p>-Make an appointment with a Fidelity office. It's free, they offer many different choices for investing.</p><p>It would be a great way to get your feet wet and have a plan presentation. </p><p></p><p>As Warren Buffett once said, 'never invest in a business you don't understand', the same is true with investing.</p><p>Only invest after you understand how the investment works.</p><p></p><p>Best of luck. You're in a great position, not many people can say the same.</p></blockquote><p></p>
[QUOTE="mammothcar1, post: 16132633, member: 46618"] 1st of all, congratulations on being proactive and involved with your investing and thinking about your future. My first recommendation would be to buy 'The only investment guide you will ever need', by Andrew Tobias. It was written in 1978, and has been updated many times. It's an easy read, but he answers a lot of the questions about investment vehicles that you will start to become aware of as you learn about investing. This book would compliment your education with Dave Ramsey very well. -Learn the difference between 'no load' and 'load' mutual funds. Always, always, always ask how much this investment is going to cost me. Nothing is for free, but paying .025 is much better than pay 5.0 per dollar invested. -There are retirement options similar to a 401k for people whose company doesn't offer a retirement plan. -Make an appointment with a Fidelity office. It's free, they offer many different choices for investing. It would be a great way to get your feet wet and have a plan presentation. As Warren Buffett once said, 'never invest in a business you don't understand', the same is true with investing. Only invest after you understand how the investment works. Best of luck. You're in a great position, not many people can say the same. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Any Dave Ramsey fans in here or financial gurus? Need advice..
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