Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: jg3jlo Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75  
Subject: Re: Engaged college grads Date: 3/8/2001 12:48 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
A lot of your decision depends on what you are saving for. If you are going for long-term savings with no definite plans for it (therefore you can afford some risk), stocks and mutual funds (index fund) are usually a good bet, although at $100/month the brokerage fees would be taking a pretty hefty chunk so you might want to save it in a money market account in the mean time and buy shares every 6-12 months.

If you have a goal for the money, like saving for a down payment on a house, then where you save it depends on your risk tolerance and time frame. Money market funds and CD accounts aren't glamorous, but they return a decent rate, are low risk (often FDIC insured), and are certainly nothing to sneeze at.

One other thing to consider, if you haven't already, is some sort of disability insurance. Your ability to work is your greatest asset, especially when you are first starting out. Again, disability insurance isn't at all glamorous, but it can really save the day when you need it. The folks over at the Insurance board can give you more details about where to look, how much to buy, etc. -JG3
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement