The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Brand New Investor||Date: 10/6/1999 10:58 AM|
|Author: pauleckler||Number: 14278 of 83174|
For starters, begin with the Fool School section (links from Fool.com home page) for an overview. Then look into the various Fool portfolios. They are described in related links. Foolish Four is the basic one, but there are several. You will also find boards discussing them in detail in the Folders.
The basic investment you may want to look at first is an S&P index fund. The best are from Vanguard. At $250/mo it will take a while to get to the minimums. (Other mutual fund companies may have lower minimums.) But you could accumulate funds in a savings account to get to those minimums.
You probably should look at drip investing. It is well suited to investing the amount of money you have in mind in stocks while minimizing your costs. Minimizing your costs is important especially when you are starting out.
You should develop an overall financial plan. For retirement several strategies can work, but for most of us fund an IRA or preferably Roth IRA to the max and your 401K or 403b if you have one. Savings for home downpayment would best be in stocks. Drip, index fund, Foolish 4, long term buy and hold are all possible strategies.
Its great that you have started with the Fool early in your career. You seem to be off to a good start. Read and study to learn as you go. Feel free to post additional questions on specific aspects. Welcome to the boards.
Good luck to you. Good investing.
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