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URL:  http://boards.fool.com/here-goes-my-2-cents-the-14k-per-year-in-13579586.aspx

Subject:  Re: Great opportunity...need advice Date:  10/27/2000  9:03 PM
Author:  JLC Number:  25798 of 78165

Here goes my 2 cents.

The 14k per year in retirement sounds great. As far as your wifes fears, maybe put her share in an index fund and put yours into some of the workshop MI screens. Only invest in things that you understand and don't pick a screen just because it has a high return, the week to week volatility can be stomach churning. The only other thing about retirement saving, I always felt that 10% of gross income was a good place to start. Enough to save in the long haul without living like a "bag lady" in the present.

House money should be in money market mutual funds (MMF) or CDs only. Even bonds could loose money just as fast as stocks. The idea that they're safer is a myth. Just watch what happens to a bond's value when the interest rate gets hiked. After paying off the debt, I'd sock all that "investment" money into a MMF. In two years you'd have close to 100k to put down on a house if you chose to. Maybe even by