UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: kkch3n Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 201  
Subject: Re: Invest $1500 now or wait for IRA/Car? Date: 7/21/2011 10:53 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Some more details:
1) I do have student loans, but my dad has and will continue to cover college for all his kids.
2) I'm living at home (which is why I need the car). I'm planning on paying my fair share of the bills (although my dad doesn't really care).
3) I have got a couple thousand dollars bonus, which I'm keeping in savings. I have a Costco Interest Plus savings account (best rate that I've found). I also have 3 different checking accounts, BOA, Schwab, and Capital One. (Schwab is earning .5% interest).
4) The company is pulblic and health insurance and what not all all covered.
5) We're asian. I know too well about living below my means.
6) I've talked to my dad about his finances. He's near retirement age and doesn't seem to be able to afford a lot. There is debt. Nevertheless, he has told me that he'll have around $500,000 in the bank and he has a pension.
7) car is used - nevertheless I don't want to spend more than $10,000 on it. If I have to, I'll spend $14,000

Can I invest that $1500 still?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Berkshire Hathaway

Starting a Small Business
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