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Subject:  Re: Allocation Advice Date:  10/6/2003  1:30 PM
Author:  Watty56 Number:  37402 of 88777

As always all comments and suggestion are appreciated.

Here are some investment suggestions;

1) Invest time with your daughter, by the time she is about 10 or so she will be living in her own world where you are just a visitor.

2) Invest time with your wife, she is a long-term investment isn't she?

3) Invest time in yourself.

4) Live below your means! There will be unexpected turns in your life and financial independence can help you get some types of problems. Live and invest so you can retire early if you want to.

5) Even though most of your debt is student loans you still have negative net worth! While you have good prospects you still have a net worth less than my teenage son's. Take a look at your take home pay and your expenses and figure out how many months of after tax take home pay it will take you to get to a positive net worth. Then ask yourself just how much you saved last month, if these match thats great, if not then figure out why. Sorry to rant but most of your money is still in the future and until you get to a positive net worth and an emergency fund of at least six month take home pay you should be very careful with your money.

6) There are a lot of sharp professional real estate investors out there that have more experience, contacts, and financing than you do. Several professional real estate investors will probably have already declined any direct investment that you hear about. A lot of financial planners also liked the dot.coms at the peak. Until you get a positive net worth you might consider stock purchases of a REIT in one of your tax deferred accounts if you want some real estate coverage.


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