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09-16-2004, 10:16 AM
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GreekChat Member
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Join Date: Apr 2003
Posts: 3,508
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Do You Invest?
I bought this book "Girl, Make Your Money Grow" by by Glinda Bridgforth and Gail Perry-Mason. I've decided to start making a list of companies that I'd like to invest in. Anyone else currently investing?? No time like the present.
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09-16-2004, 05:16 PM
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GreekChat Member
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Join Date: May 2003
Location: Washington, DC by way of South Carolina
Posts: 1,420
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The only investing I do right now is the 401k I had through my old company. I need to do a better job because I want some money in my pocket after I've retired.
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Zeta Phi Beta Sorority, Inc.
"...and be a friend to man."
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09-20-2004, 08:38 PM
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Super Moderator
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Join Date: Jul 2001
Location: On the beach. Well....not really but near it. :0)
Posts: 13,569
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Quote:
Originally posted by Intense1920
The only investing I do right now is the 401k I had through my old company. I need to do a better job because I want some money in my pocket after I've retired.
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Same here. My quandry is that I'm in school so there is only so much I can put away.
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Sigma Gamma Rho Sorority, Inc. ** Greater Service, Greater Progress Since 1922
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09-25-2004, 09:26 PM
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GreekChat Member
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Join Date: Mar 2004
Location: I can't sleep at night when you are on my mind. Billie Womack is on the radio saying if you think your lonely now... what a minute that is too deep. I have to change the station...
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Like many folk, I only invest in my 401k. Everyone tells me I should use my money more wisely but the problem is, where do you find the money? There is alot bills to be paid, etc. I want to invest and save but right now its not in the cards.
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09-28-2004, 05:28 PM
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GreekChat Member
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Join Date: Apr 2000
Location: Atlanta, GA
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Advice I have been given is that until you are getting all of your employer contribution you should not be investing in other areas. In other words, if you company matching 50% of every dollar you contribute, up to a max of 3% of your salary (like my company), you shouldn't be investing other places until you are contributing at least 6% of your salary. This does not include "emergency fund" money, which should be 3 - 6 months of your salary.
I give myself a 401k "increase" every time I get an increase at work. Even if I only increase it 1%, every little bit helps, especially if you are young.
The only investing that I do outside of my 401K is 2 mutual funds that we have. Investing in individual stocks is too risking (and calls for too much $$) for my little pennies, so I just stay with what I have. I would like to do more one day though.
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09-28-2004, 05:29 PM
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GreekChat Member
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Join Date: Apr 2000
Location: Atlanta, GA
Posts: 1,929
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Quote:
Originally posted by reddawn18
Like many folk, I only invest in my 401k. Everyone tells me I should use my money more wisely but the problem is, where do you find the money? There is alot bills to be paid, etc. I want to invest and save but right now its not in the cards.
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I bet you, like many people (me included) waste more money than you are aware of. Do you have a budget? Do you stick to it? How much of your budget is a need vs. a want (it's easy to get the 2 confused!)?
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