UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: crazybanshee Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Debt vs Retirement Date: 6/13/2001 11:29 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Hi!

I lost just about everything I had in the market last year which left me with about $300 in a ROTH IRA account and a pile of debt. I have 3 questions:

1) I have been aggressively paying off credit cards but to continue on this path will mean no retirement contributions for well into next year. Should I keep paying off the credit cards, or use some of the money for retirement investing?

2) Should I split up the $300 into different stocks or just buy one, and any suggestions on what to buy? ( It is a stock account, not a mutual find account.)

3) After what happened last year, I am literally naseous when it comes to thinking about investing. Any inspiration or guidance in getting back up on the horse? The fall was a LONG way down and it still hurts.

Thanks!!

Recovering riskaholic,
crazybanshee(p)
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
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