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Author: fndr489 Old School Fool CAPS All Star Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 52  
Subject: Re: Who is paying a mortgage? Date: 9/26/2006 10:41 PM
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I am currently living with my sister and a friend at a duplex paying rent. I'd rather put the money towards a mortgage payment and build equity, but I am fresh out of school with some credit card debt that needs to be taken care of first. But I would definitely like to own my own house. I figure five years max before I get into one.

As for my investments, I have an old mutual fund that was started for me back in elementary school when all I cared about was recess time. I then got into another mutual fund my freshman year in high school. Alliance Premier Growth Fund A (now it's AllianceBernstein I believe). My grandfather's broker told him it was a good fund, and with an initial deposit of $250 I thought I shouldn't miss this opportunity. I think it might have broken even now... My junior year in high school, I managed to save enough money to start a Roth IRA with the Vanguard 500 Index. Let me tell you guys something...saving the $2k deposit earning minimum wage at a movie theater really sucked. I also trade individual stocks through Scottrade. I have DIS, MVL, NILE, SCSS, PRAA, and TASR (TASR being the pure speculation play. Guess I really like zapping the bad guys in Syphon Filter...) It's up about 15% so we'll see where it goes from here. I just bought some more SCSS today but would like to add to my PRAA position as I first purchased the shares before they dropped to the price range they are in.

I like to read most anything I can get my hands on and I am really intrigued with the idea that water might be the 'oil' of the future, what with growing populations and limited fresh water supplies...pure demand/supply economics at work. I also enjoyed Joel Greenblatt's little book about beating the market and what he proposes sounds really interesting. I might give it a try. I am also contemplating investing in currencies. I took an international finance class in college and did a practice account with an online broker. Made some good money at it too...

I agree with the statement that we can be a little more risky with our investments. We are at the age where we can take on more risk, bounce back and learn from any mistakes made.

Anyway, I ramble enough. It's bedtime.

Take care, fndr489
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