The Motley Fool Discussion Boards
Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: Settlement||Date: 1/4/2013 10:11 AM|
|Author: legalwordwarrior||Number: 306628 of 309604|
Once the check arrives it will take 10 days for the bank to clear the check. My intention is to buy many shares as I can of Chase common stock
and reinvest the div.
Pay off your debts and then invest. Keep in mind that paying off your debts will make it easier for you in the long run to invest more money in the market, if that's your ultimate plan. The less you hae to pay out in interest to credit cards and loans, the more actual money you'll have available to invest in whatever stocks you choose.
Personally, I wouldn't lump everything into Chase, as I believe it's important to diversify as much as you comfortably can.
If Mom and Dad saw me having $1000 in checking they INSIST I take them to dinner everynight, buy this that at Home Depot, Walmart, JoAnns, Michael's stores, Fry's food, Safeway. The money would be gone real fast. The answer to that is NO WAY AM I GOING TO DO THAT AGAIN.
Why on earth would you let your parents see the balance of your checking account? You're an adult. Act like one.
That said, put $1000 in an online, password protected savings account and know that if something like this happens again, you won't be left with no income and totally dependent on your parents while you can't work.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|