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Author: Chattown Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79718  
Subject: Re: Hello, and what do I do now? Date: 7/9/2005 8:03 PM
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Just so you'll know, I'm printing this whole thread out for my sons, 21 and 17. They have noted my interest and emphasis on saving and paying off my mortgage, and I'd like to keep them focused on those early year savings. Many moons ago, I read Vanita VanCaspal's book, the Power of Money Dynamics, and I'm certain she saved my fiscal buttocks. Going with term life and investing the remainder had made my future one I'm happy with. Now, at 49, I'm thinking about what I'll leave rather than whether I'll have enough. What a peace there is in that.

As for individual investements, I'd limit those. The market, like the blackjack table, is risky for mere mortals. Going with the diversified funds is the way to go, but you can't ignore them. Leadership changes can drastically alter their returns.

Real estate, medical, those things that will still be needed when you are retiring are worth looking into, and there are excellent funds just for that.

Keep up the good fight!

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