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Author: RBSeekerScot One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: Looking Ahead Date: 2/23/2007 3:33 PM
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<<I'm looking into some online discount brokers. Any suggestions? >>

I've read your posts, and my advice is to keep things simple at this point in time.

1) Pay off the CC debt. Make the call to see if you can get several points knocked off that rate -- it may be leftover from the days before you had a paycheck. 12-14% should be easy to get with a good income.

2) Open a Sharebuilder account, and set it up to automatically deduct from your bank account on a regular basis (bi-monthly?) and invest that money in an S&P500 index fund. Find one with low admin. costs. You get instant diversity, low expenses, and high liquidity (this investment can ALSO be your "emergency fund"). Purchases through Sharebuilder are $4 each, which is the best rate I know of. Keeping your expenses down is a very "Foolish" thing to do!

If/when you return to the U.S., you can withdraw the money from Sharebuilder, and open that Roth, 529, or whatever the situation calls for (that first home, perhaps?).

Best of luck in your adventure.
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